This kind of offering does not increase the number of shares of stock on the market, and it is most commonly performed in the case of a company that is very thinly traded. Secondary offerings of this sort do not dilute owners' holdings, and no new shares are released. There is no "new" underwriting process in this kind of offering..
The Company wishes to announce that the Company has received notification from Mr. Lim Teck Seng of his intention to deal in securities of the Company during the closed period.
Chinkang : hard to predicts what is the purpose of doing that. one thing i believe is .. fundamental. forget about analyst. it doesn't work on certain stocks. chart can be manipulated. volumes too. but fundamental is only one thing we could trust. hope for the best ya
Approximately of 1.19b volumes being traded in the morning session. KLCI 1st half closed at 1682.50 @ +3.70pts / +0.22%. Looks like Mr. Mad Bull is awaking. Foreign fund and local institution are keep on collecting like no tomorrow.
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR THE "COMPANY")
SPECIAL ISSUE OF NEW ORDINARY SHARES OF RM0.10 IN ASIA POLY ("ASIA POLY SHARES") ("BUMIPUTERA SHARES"), REPRESENTING NOT MORE THAN FIFTEEN PERCENT (15%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("SPECIAL BUMIPUTERA ISSUE") We refer to the announcements dated 30 July 2015, 7 August 2015, 10 August 2015, 10 September 2015, 23 September 2015, 5 October 2015, 6 October 2015, 28 October 2015, 3 March 2016, 28 March 2016, 29 July 2016 and 10 August 2016 in relation to the Special Bumiputera Issue (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of Asia Poly, TA Securities wishes to announce that the Special Bumiputera Issue has been completed with the listing of 37,350,000 Bumiputera Shares on the ACE Market of Bursa Securities on 11 August 2016.
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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....
Hoyeh Dol
1,701 posts
Posted by Hoyeh Dol > 2016-08-01 15:16 | Report Abuse
new shares?