MORE FUND RAISING VIA SHARES ISSUANCE TO PP (AND ESOS)
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY") PRIVATE PLACEMENT
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 7 March 2022 ("Price-fixing Date") fixed the issue price for the placement of 527,642,000 Placement Shares, being the first and final tranche of the Private Placement, at RM0.0176 per Placement Share ("Issue Price").
The Issue Price represents a discount of 9.74% to the 5-day VWAP of the Shares up to and including 4 March 2022 of RM0.0195, being the last market day immediately preceding the Price-fixing Date.
FUND RAISING - M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY") PRIVATE PLACEMENT
On behalf of the Board, Mercury Securities wishes to announce that the Private Placement has been completed following the listing and quotation of 527,642,000 Placement Shares, being the first and final tranche of the Private Placement, on the ACE Market of Bursa Securities on 11 March 2022.
Additional Listing Announcement /Subdivision of Shares M N C WIRELESS BERHAD
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 30% of the existing total number of issued shares of M N C Wireless Berhad No. of shares issued under this corporate proposal 527,642,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0176 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 2,286,449,413 Issued Share Capital ($$) Malaysian Ringgit (MYR) 120,533,412.354 Listing Date 11 Mar 2022
============= How PP investors benefit PP shares issued = 527,642,000 PP price = 0.0176 If dispose at 0.02, profit = 1,266,340 (13.63%) If dispose at 0.025, profit = 3,904,550 ( 42.04%)
============= How other shareholders especially retailers affected Dilution of shareholders equity % and EPS Increased in total issued shares will hinder the price movement upward
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
================ 1. Particulars of Substantial Securities Holder Name ARENA EVOLUSI SDN. BHD. Date interest acquired 09 Mar 2022 No of securities 352,000,000 Subscription of new ordinary shares pursuant to the Company's Private Placement Direct (units) 352,000,000 Direct (%) 15.395 Date of notice 11 Mar 2022
================= 2. Particulars of Substantial Securities Holder Name MR HO JIEN SHIUNG Date interest acquired 09 Mar 2022 No of securities 175,642,000 Subscription of new ordinary shares pursuant to the Company's Private Placement Direct (units) 179,485,333 Direct (%) 7.85 Date of notice 11 Mar 2022
Name UBS AG LONDON Name of registered holder Citigroup Nominees (Asing) Sdn. Bhd. Date of cessation 11 Mar 2022 No of securities disposed Circumstances by reason of which a person ceases to be a substantial shareholder - Outstanding of share changes due to the Private Placement has been completed following the listing and quotation of 527,642,000 Placement Shares. - Total holdings of 90,000,000 under UBS AG London. - UBS AG London is 100% owned by UBS AG which in turn is 100% owned by UBS Group AG. - UBS AG London has direct interest in M N C Wireless Berhad. Date notice received by Listed Issuer 16 Mar 2022
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of substantial Securities Holder Name ARENA EVOLUSI SDN. BHD.
1 29 Mar 2022 6,236,000 Acquired Direct Interest Acquisition of shares via open market
Direct (units) 358,236,000 Direct (%) 15.668 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 358,236,000 Date of notice 29 Mar 2022 Date notice received by Listed Issuer 31 Mar 2022
The MOU is not expected to have material effects on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of MNC for the financial year ending 30 April 2022.
================= Loss making high NOSH penny stock; 15 years losses in last 16 years Risk of shares consolidation for high NOSH penny stocks
============ Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
================== TAYOR. Set realistic target to take profit
KUALA LUMPUR (March 21): Cita Realiti Sdn Bhd, a substantial shareholder of BCM Alliance Bhd, Sanichi Technology Bhd and MNC Wireless Bhd, has also emerged as the largest shareholder of Fitters Diversified Bhd.
This follows its acquisition of a 8.2% stake (47 million shares) in the diversified group, which is involved in property development, fire services, PVC pipes and renewable energy, bringing its total stake to 10.01% (49.95 million shares), according to a bourse filing.
Just a week ago on March 14, Fitters Diversified announced to the exchange that Cita Realiti had ceased to be a substantial shareholder of the group, after disposing of 6.97 million shares, equivalent to a 1.2% stake, on March 3.
Prior to that, Cita Realiti was actively trading Fitters Diversified’s shares, bourse filings showed, with the company disposing of 15.44 million shares on March 2, after acquiring 1.88 million shares on March 1. It also disposed of another block of 7.79 million shares on Feb 28.
These acquisitions and disposals were made via the open market.
Notably, it had been accumulating Fitters Diversified shares off market since late 2021, acquiring a total of 31 million shares between Dec 24, 2021 and Jan 26, 2022.
Besides Cita Realiti, Fitters Diversified’s substantial shareholders include Pang Chow Huat (8.55%), Leong Kok Wah (3.52%) and Ho Shu Keong (3.47%), Bloomberg data showed.
Fitters Diversified’s share price fell 0.5 sen or 2.6% to close at 18.5 sen on Monday (March 21), giving it a market capitalisation of RM106.28 million. Year-to-date, the counter has fallen 41% since its closing of 31.5 sen on Dec 31.
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....
Posted by sangjero > 2022-02-16 11:14 | Report Abuse
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