Massive fund raising exercise via rights issue coming very soon.
=========
On behalf of the Board of Directors of SCBUILD/0109, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 11 October 2023, resolved to approve the following:
1. Listing and quotation of up to 2,148,181,818 Rights Shares to be issued pursuant to the Proposed Rights Issue; and
2. Listing and quotation of up to such number of new SCBUILD/0109 Shares representing up to 30% of the total number of issued shares of SCBUILD/0109 (excluding treasury shares), to be issued pursuant to the Proposed LTIP.
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 2,148,181,818 NEW ORDINARY SHARES IN SCBUILD/0109 ("SCBUILD/0109 SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.005 PER RIGHTS SHARE ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 SCBUILD/0109 SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE"); AND (II) PROPOSED ESTABLISHMENT AND IMPLEMENTATION OF A LONG-TERM INCENTIVE PLAN ("LTIP") OF UP TO 30% OF TOTAL NUMBER OF ISSUED SHARES OF SCBUILD/0109 (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE LTIP FOR ELIGIBLE DIRECTORS OF SCBUILD/0109 AND EMPLOYEES OF SCBUILD/0109 AND ITS NON-DORMANT SUBSIDIARY(IES), WHO FULFIL THE ELIGIBILITY CRITERIA AS SET OUT IN THE BY-LAWS OF THE LTIP ("PROPOSED LTIP")
========== Be careful with your gard earned money.
Directors doing fund raising via very massive shares issuance to RI and ESOS at ridiculously low cheap price
NOSH likely to exceed Billion shares after completion of above proposals Very likely for directors to do shares consolidation and RI in near future, could be within a year if company continue to make losses
MLAB is the latest to announce shares consolidation and RI
A recently enhanced modification, known as Blue WhatsApp Plus, comes with an array of additional features such as an expanded collection of emojis, a variety of themes and fonts, the ability to conceal blue ticks, increased sharing limits, and a built-in status downloader. https://bluewhatsappapk.com/
(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 2,148,181,818 NEW ORDINARY SHARES IN SCBUILD/0109 ("SCBUILD/0109 SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.005 PER RIGHTS SHARE ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 SCBUILD/0109 SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE"); AND
(II) PROPOSED ESTABLISHMENT AND IMPLEMENTATION OF A LONG-TERM INCENTIVE PLAN ("LTIP") OF UP TO 30% OF TOTAL NUMBER OF ISSUED SHARES OF SCBUILD/0109 (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE LTIP FOR ELIGIBLE DIRECTORS OF SCBUILD/0109 AND EMPLOYEES OF SCBUILD/0109 AND ITS NON-DORMANT SUBSIDIARY(IES), WHO FULFIL THE ELIGIBILITY CRITERIA AS SET OUT IN THE BY-LAWS OF THE LTIP ("PROPOSED LTIP")
Approved by major shareholders in General Meetings
Absolutely! SC ESTATE BUILDER BERHAD is making waves on KLSE (MYR) with SCBUILD (0109). 📈✨
if you're into fonts https://dfontgratis.com/ is a game-changer This platform offers free downloads, allowing users to enhance their projects with a variety of fonts. It's a font paradise! 🎨✒️ #FontMagic #SCBUILD0109
Download the latest Blue WhatsApp APK for free to hide your blue tick, read messages incognito, turn off the double tick for free. Also, send offline messages to a specific contact, seamlessly transmitting once your device reconnects. All these premium features are absolutely free of charge. https://bluewaplus.net/
You can easily Download Blue WhatsApp APK to your mobile device. Just hit the download button to initiate the installation, and the mod version will be transferred to your device. https://whatsblueapk.com/
You can easily Download Blue WhatsApp APK to your mobile device. Just hit the download button to initiate the installation, and the mod version will be transferred to your device. https://whatsblueapk.com/
RENOUNCEABLE RIGHTS ISSUE OF 2,148,181,818 NEW ORDINARY SHARES IN SCBUILD/0109 ("SCBUILD/0109 SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.005 PER RIGHTS SHARE ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 SCBUILD/0109 SHARE HELD ("RIGHTS ISSUE")
Take note listing of 2,148,181,818 rights shares on 21 Feb 2024
Total NOSH= 3,222,272,727 (exceeding 3 BILLION shares !!!)
Be careful of long term holding on high NOSH low price loss making penny stocks, many of which had undergone shares consolidation undertaken by 'smart' directors for fund raising
Is this another high NOSH low price loss making penny stock waiting for directors to propose shares consolidation and more fund raising via rights issue, PP, ESOS, etc in the near future ?
============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
So it's now a 3.2B shares Co with mkt cap ard Rm32M@ Rm0.01.
Whoever bought at Rm0.03 b4 Ex n subscribed the rights of 2 for 1 @ Rm0.01 = RM0.04 / 3 shares= Rm0.0133 per share suffers a paper loss of 0.033 loss or 33%
An intriguing discussion is definitely worth comment. There's no doubt that that you should publish more about this topic, it may not be a taboo subject but generally folks don't speak about such topics. To the next! Many thanks!! https://whatsblueapk.com/
Hi there! I just want to give you a big thumbs up for your great info you have got here on this post. I am returning to your web site for more soon. https://whatsblueapk.com/downloads/
After I originally left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I recieve 4 emails with the exact same comment. There has to be an easy method you are able to remove me from that service? Thanks! https://whatsblueapk.com/downloads/
You are so interesting! I do not believe I have read through a single thing like this before. So great to discover another person with some original thoughts on this topic. Seriously.. many thanks for starting this up. This site is one thing that is needed on the web, someone with a bit of originality! https://whatsblueapk.com/
Right here is the right blog for anyone who really wants to understand this topic. You know so much its almost hard to argue with you (not that I actually would want to…HaHa). You certainly put a brand new spin on a subject that's been discussed for many years. Wonderful stuff, just excellent! https://whatsblueapk.com/downloads/
I’m amazed, I have to admit. Rarely do I come across a blog that’s both educative and amusing, and without a doubt, you have hit the nail on the head. The problem is an issue that not enough folks are speaking intelligently about. I'm very happy I stumbled across this in my search for something regarding this. https://whatsblueapk.com/downloads/
Oh my goodness! Incredible article dude! Thank you, However I am encountering problems with your RSS. I don’t know why I am unable to subscribe to it. Is there anybody getting similar RSS issues? Anyone that knows the answer can you kindly respond? Thanx!! https://whatsblueapk.com/
Having read this I thought it was extremely informative. I appreciate you taking the time and energy to put this content together. I once again find myself personally spending way too much time both reading and commenting. But so what, it was still worth it! https://whatsblueapk.com/
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
whistlebower99
4,859 posts
Posted by whistlebower99 > 2023-10-12 00:10 | Report Abuse
FOR NEWBIES
Massive fund raising exercise via rights issue coming very soon.
=========
On behalf of the Board of Directors of SCBUILD/0109, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 11 October 2023, resolved to approve the following:
1. Listing and quotation of up to 2,148,181,818 Rights Shares to be issued pursuant to the Proposed Rights Issue; and
2. Listing and quotation of up to such number of new SCBUILD/0109 Shares representing up to 30% of the total number of issued shares of SCBUILD/0109 (excluding treasury shares), to be issued pursuant to the Proposed LTIP.
MULTIPLE PROPOSALS | https://www.klsescreener.com/v2/announcements/view/5804005
========
NOSH will increase by 200% to more than 3 Billion shares.