MNC now NOSH only 2.28b shares. Not yet going for consolidation . Most likely will see at least rounds of ESOS 20%(450m), PP 20% (460m) RI (1 FOR 1 ,3B ) SO if you are trapped @4c 1 week ago, lots of happy hours for you @3c,2c,1c One big syndicate already dump their holding via UBS AG
BE CAREFULOF COMPANY GOING INTO ECOMMERCE PLATFORM DEVELOPMENT. WILL SUCKMANY HUNDRED MILLIONS IN DEVELOPMENT COST AND MARKETING COST. And you dont really know where the money has been spent. 51
Notice of Person Ceasing (Section 139 of CA 2016) M N C WIRELESS BERHAD Particulars of Substantial Securities Holder Name ARENA EVOLUSI SDN. BHD. Address Suite C-05-03, Block C, Setiawalk, Persiaran Wawasan, Pusat Bandar Puchong, Puchong 47160 Selangor Malaysia. Company No. 202101044695 (1444995-W) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary shares Name of registered holder Arena Evolusi Sdn. Bhd. Address of registered holder Suite C-05-03, Block C, Setiawalk, Persiaran Wawasan, Pusat Bandar Puchong, 47160 Puchong, Selangor Date of cessation 24 May 2022 No of securities disposed 176,187,300
========= Big shareholder continue to sell down to become small shareholder.
Why does Arena Evolusi Sdn Bhd selling down? Based on what information?
(i) proposed consolidation of every 10 existing ordinary shares in MNC (“MNC Shares” or “Shares”) into 1 MNC Share (“Consolidated Shares”) (“Proposed Share Consolidation”); and
(ii) proposed bonus issue of up to 94,734,940 new warrants in MNC (“Warrants C”) on the basis of 3 Warrants C for every 8 Consolidated Shares held on an entitlement date to be determined and announced later (“Proposed Bonus Issue of Warrants”).
Further details of the Proposals are set out in the attachment below.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....