stop buying sanichi.. i wlll make a police report or MACC to investigate the owner Pang Chow Huat for fraud and cheating investor money based on two faked news (ventilators and glove production).
hope this will stop him Pang Chow Huat from continue cheating investor money. The latest company the he acquired, the BSL corp. is suspected a scam also.. Beware for those investors out there..
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") ESOS
(For consistency, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 3 February 2021 in relation to the ESOS, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements in relation to the ESOS dated 3 February 2021 and 19 February 2021.
On behalf of the Board, Mercury Securities wishes to announce that the effective date for the implementation of the ESOS is 19 August 2021, being the date on which the Company is in full compliance with all relevant requirements including Rule 6.44(1) of the Listing Requirements.
This announcement is dated 19 August 2021.
------------------------------------------------------------------- Recently completed following corporate and fund raising exercise:
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") ("SANICHI SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 2 APRIL 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,424,428,212 NEW ORDINARY SHARES IN SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") ("SANICHI SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 712,214,106 FREE DETACHABLE WARRANTS IN SANICHI ("WARRANTS F") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS F FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 23 APRIL 2021 ("RIGHTS ISSUE WITH WARRANTS")
However, the completion of several share issuances during the year and the expected completion of property development in Marina Point Melaka would strengthen the financial health of the Group.
Inadvertently telling the Co. depends on share issuance excercise to survive....hahah
April 2021 issue rights at 8 cents. Now share price is 3.5 cents. Lose 4.5 cents in 4 months. NTA is 31 cents. Hope owner privatized at 5 cents. He is make a lot of money.
Cheapest glove counter, future ventilators manufacturer... all are damm liars... only one thing real is the Pang Chow Huat (sanichi boss)... so easy to find big money in malaysia. Simply get company listed and con the share holders with fake news or MOU which never released, all just a paper commitment.. no solid ground work. But this fellow (Pang Chow Huat) easy escape and happy with those monies he earned from the share... is really Malaysia boleh!
Simply sent an MOU status update on 30 Aug 2021... kau tim. But all investors are losing money like hell... where are those bursa saham ppl never investigate the Sanichi for speculating the share to con investors money...
Bursa saham shall verify very single MOU is genuine with evidence of ground work. Bursa saham shall protect the interest of investors.. not the share company.
i believed allot of investors buying sanichi share because of news that sanichi "to be" cheapest glove counter which they (sanichi) published in Mar/Apr 2021 news... all are fake news... where are ppl from Bursa Saham...
Never deny partially is my mistake to believed Pang, but the question here is that legal in Malaysia stock to simply create news or MOU to con investors? If that is the case, any gold / jewelry listed company can simply create a news or MOU stating that the golf / jewelry company have secure a contract or in collaboration with a big multinational mining company in south Africa johannesburg... Confirm the next day share will up...
@Citadel666, you're lucky didn't invest in sanichi, the sanichi is one of 800++ counter in bursa.. if bursa Malaysia never tighten the control, sure will have few more con counter like sanichi out there to find unaware inverters... Maybe one day you will be the next victim...
CON COUNTER. Many people lost their pants! Don’t worry, karma will haunt back all these pirates who unscrupulously cheated innocents. Their families will pay the dues!!
If you still have spare cash can top up to average. Sanichi latest financial results Total Assets RM461M, Cash & cash equivalent RM184M, Current liabilities RM46M At RM0.035 market capitalization only RM49M Even at RM0.04 still undervalued as NTA is RM0.31
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Posted by cheahgood > 2021-07-22 16:45 | Report Abuse
i just add 500 units today... hehe