(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 25 September 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements in relation to the Private Placement dated 25 September 2020, 9 October 2020 and 12 November 2020.
On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 100,000,000 Placement Shares at RM0.0602 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 9.88% to the 5-day VWAP of the Shares up to and including 23 November 2020 of RM0.0668, being the last market day immediately preceding the Price-fixing Date.
MEMORANDUM OF UNDERSTANDING Description SANICHI TECHNOLOGY BERHAD ("SANICHI" OR "THE COMPANY") STATUS UPDATE ON MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN THE COMPANY, PNE PCB BHD ("PNE"), AT SYSTEMATIZATION BERHAD ("ATS") AND ARZON SOLAR, LLC ("ARZ")
We refer to the announcements made by the Company on 18 May 2020, 20 May 2020 and 27 May 2020 and 17 August 2020 pertaining to the MOU between the Company, PNE, ATS and ARZ. The Company wishes to inform that there is no material development to the said MOU since the last announcement.
Metronic Global takes MNC Wireless directors to court KUALA LUMPUR (Oct 14): Metronic Global Bhd, the largest shareholder of mobile applications and multimedia-related services company MNC Wireless Bhd with a 18.75% stake, is taking the latter’s board of directors to court. In a filing with Bursa Malaysia today, Metronic said it has commenced legal action against MNC chairman Wong Kok Seong, chief executive officer Christopher Tan Chor How, executive director Pang Siaw Sian, non-independent non executive director Kua Khai Shyuan and independent non executive director Thu Soon Shien It also named MNC Wireless shareholder Datuk Seri Dr Pang Chow Huat in the suit. Chow Huat is also the founder and managing director of Sanichi Technology Bhd. Metronic had filed an ex-parte injunction application on Oct 7 against the directors for an injunction to restrain them from taking any steps to implement the proposed rights issue, establishment of an employee share option scheme and increase in the authorised share capital of MNC Wireless. The injuction was also filed to restrain the company from amending MNC Wireless’s memorandum of association, and to restrain Chow Huat and his nominees or associates from subscribing to the rights issue and employee share option scheme. The hearing of the injunction application was fixed on Oct 11 and dismissed by the High Court on Oct 12, 2016. Metronic said that it will be applying for further interlocutory reliefs.
SANICHI TECHNOLOGY BERHAD ("SANICHI" OR "THE COMPANY") OFFER OF OPTIONS UNDER EMPLOYEE SHARE OPTION SCHEME Pursuant to Paragraph 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Sanichi wishes to announce that it has offered options to eligible employees under its Employee Share Option Scheme ("ESOS"), the details of which are as follows:-
(a) Date of offer : 3 December 2020 (b) Exercise price of options offered : RM0.0569 (c) Number of options offered : 162,000,000 (d) Market price of Sanichi's shares on the date of the offer : RM0.0569 (e) Vesting period of options offered : Not applicable
PP for sophisticated investor ,penny company sophisticated investor don't want buy ESOS for Offer Options to company worker ,company worker where have mil cash buy ? SIS for Grants Options ,Director company don't want buy RI for existing shares holder
Penny stock Company issued PP ,ESOS, SIS no fundamental above people don't want buy they transfer shares to Advisor securities broker company helping them sell shares in open market to public. Issued Paper change Real Cash....
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....
khatulistiwa1234
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Posted by khatulistiwa1234 > 2020-11-24 21:43 | Report Abuse
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 25 September 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements in relation to the Private Placement dated 25 September 2020, 9 October 2020 and 12 November 2020.
On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 100,000,000 Placement Shares at RM0.0602 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 9.88% to the 5-day VWAP of the Shares up to and including 23 November 2020 of RM0.0668, being the last market day immediately preceding the Price-fixing Date.