Change in Boardroom ADVANCE INFORMATION MARKETING BERHAD
Date of change 08 Oct 2021 Name MR MAK SIEW WEI Age 46 Gender Male Nationality Malaysia Designation Director Directorate Executive Type of change Appointment
Also Executive Director of :
1. AT Systematization Berhad 2. Green Ocean Corporation Berhad 3. Saudee Group Berhad 4. Pasukhas Group Berhad
===================================
See the share price, quarterly results of above companies to assess his performance
ADVANCE INFORMATION MARKETING BERHAD ("AIM" OR "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME OF UP TO 30% OF AIM'S TOTAL NUMBER OF ISSUED SHARES (EXCLUDING ANY TREASURY SHARES) AT ANY ONE TIME THROUGHOUT THE DURATION OF THE SCHEME FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF AIM AND ITS NON-DORMANT SUBSIDIARIES ("PROPOSED ESOS")
On behalf of Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 10 March 2022, resolved to approve the listing of such number of new AIM Shares, representing up to 30% of AIM?s total number of issued shares (excluding any treasury shares), to be issued pursuant to the Proposed ESOS, subject to the following:
=================== ESOS APPROVED BY BURSA. BE PREPARED FOR MORE FUND RAISING VIA SHARES ISSUANCE (30% !!!) TO ESOS DILUTION OF SHAREHOLDERS EQUITY % AND EPS NOSH CONTINUE TO INCREASE
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN AIM, REPRESENTING NOT MORE THAN 20% OF THE TOTAL NUMBER OF ISSUED AIM SHARES (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 6 April 2022, approved the listing of and quotation for up to 53,210,000 new AIM Shares representing not more than 20% of the issued Shares of the Company (excluding treasury shares) pursuant to the Proposed Private Placement subject to the following conditions:
============ Be prepared for more fund raising via share issuance to ESOS and PP and dilution of shareholder equity % and EPS
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
ADVANCE INFORMATION MARKETING BERHAD ("AIM" OR "COMPANY") ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 30% OF AIM'S TOTAL NUMBER OF ISSUED SHARES (EXCLUDING ANY TREASURY SHARES) AT ANY ONE TIME THROUGHOUT THE DURATION OF THE ESOS
================== Could possibly be another high NOSH low price penny stock in the making, via shares issuance to ESOS, PP, RI or asset acquisition
================= Multi quarter, multi year loss making company Directors continue to receive salaries & payments
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
1. ADVANCE INFORMATION MARKETING (AIM) 2. AE MULTI HOLDINGS BERHAD 3. TRIVE PROPERTY GROUP BERHAD 4. PASUKHAS GROUP BERHAD 5. AT SYSTEMATIZATION BERHAD
================== Are there enough time to manage so many companies ?
Will ADVANCE INFORMATION MARKETING become another low price high NOSH penny stock ?
(i) proposed consolidation of every 3 existing ordinary shares in AIM (“AIM Shares” or “Shares”) into 1 AIM Share (“Consolidated Share”) (“Proposed Share Consolidation”); (ii) proposed renounceable rights issue of up to 319,268,664 new AIM Shares (“Rights Shares”) on the basis of 3 Rights Shares for every 1 Consolidated Share held on an entitlement date to be determined (“Rights Issue Entitlement Date”), together with up to 212,845,776 free detachable warrants in AIM (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed for (“Proposed Rights Issue”
============== (i) proposed consolidation of every 3 existing ordinary shares in AIM (“AIM Shares” or “Shares”) into 1 AIM Share (“Consolidated Share”) (“Proposed Share Consolidation”);
(ii) proposed renounceable rights issue of up to 319,268,664 new AIM Shares (“Rights Shares”) on the basis of 3 Rights Shares for every 1 Consolidated Share held on an entitlement date to be determined (“Rights Issue Entitlement Date”), together with up to 212,845,776 free detachable warrants in AIM (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed for (“Proposed Rights Issue”); and
(iii) proposed diversification of the principal activities of AIM and its subsidiaries (“AIM Group” or “Group”) to include the operation of pharmacies including retailing of pharmaceutical, healthcare and personal care products (“Pharmacy Business”) (“Proposed Diversification”).
============== Shares consolidation 3:1 followed by fund raising via rights issue 3:1 Another master stroke by directors to raise fund from shareholders
Upon completion, 1. NOSH will be more or less the same 2. Directors will have lots of money in company fund from the fund raising and not from business profits
============== Expect directors to continue to raise more fund via shares issuance to PP, ESOS, etc
============== TAYOR
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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....
suprnoob
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Posted by suprnoob > 2021-08-23 11:56 | Report Abuse
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