We refer to the earlier announcements in relation to the Proposals dated 31 May 2019 and 2 July 2019.
On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 8 July 2019, resolved to approve the following:-
(i) admission to the Official List and the initial listing and quotation of up to 550,906,750 Warrants B to be issued pursuant to the Proposed Bonus Issue of Warrants;
(ii) listing of up to 4,000,000,000 new Eduspec Shares to be issued pursuant to the conversion of the RCPS arising from the Proposed Issuance of RCPS; and
(iii) listing of up to 550,906,750 new Eduspec Shares to be issued pursuant to the exercise of the Warrants B.
The approval granted by Bursa Securities for the Proposed Issuance of RCPS and Proposed Bonus Issue of Warrants is subject to the following conditions:-
(i) Eduspec and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;
(ii) Eduspec and Mercury Securities to inform Bursa Securities upon the completion of the Proposals;
(iii) Eduspec to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed; and
(iv) Eduspec to furnish Bursa Securities with a certified true copy of the resolutions passed by the Shareholders in the EGM approving the Proposals; and
(v) Eduspec to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the conversion of the RCPS and exercise of Warrants B as at the end of each quarter together with a detailed computation of listing fees payable.
A moving-average crossover occurs when two moving averages each based on different degrees of smoothing cross. Such a crossover can be used to signal a change in trend. For our analysis, we look at 10 day SMA and 50 day SMA. The trend is bullish when the 10 day SMA is above the 50 day SMA, and bearish if 10 day SMA is below 50 day SMA.
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....
offspring
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Posted by offspring > 2019-07-08 10:42 | Report Abuse
Almost 12 Million shares at 3 sen buying queue...healthy development indeed.