Announced EX Date Subject Ratio Offer 09 Apr 2021 22 Apr 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.0800 22 Mar 2021 02 Apr 2021 Share Consolidation 1.0000 : 10.0000 05 Nov 2018 16 Nov 2018 Rights Issue (warrant) 2 : 1 0.1000 18 Aug 2017 30 Aug 2017 Share Consolidation 3 : 1 31 May 2016 10 Jun 2016 Rights Issue (warrant) 2 : 1 0.1100 04 May 2016 17 May 2016 Share consolidate 4 : 1 View 15 Aug 2014 27 Aug 2014 Rights Issue (warrant) 3 : 2 View 31 Jan 2013 15 Feb 2013 Rights Issue (warrant) 1 : 1 View 10 Dec 2012 20 Dec 2012 Others 5 : 1 View
===================== NOSH = 1,403,095,559 approaching 1.5 BILLION shares again after share consolidation & massive fund raising via Rights Issue in Apr 2021
Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in 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, RI , asset acquisition, etc
=========== Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc
Types of corporate proposal ESOS No. of shares issued under this corporate proposal 240,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0160 Latest issued share capital after the above corporate proposal in the following Units 1,643,095,559 Listing Date 19 Aug 2024
================= Directors continue to raise more fund via massive shares issuance at cheap cheap low price NOSH continue to rise above 1.5 BILLION shares
Retail shareholders equity & continue to be diluted
Will there be another share consolidation in near future ???
So soon another share consolidation by directors!!!!
SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY")
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED SHARE CAPITAL REDUCTION; AND (III) PROPOSED VARIATION
(COLLECTIVELY, THE "PROPOSALS") On behalf of the Board of Directors of the Company, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:
(i) proposed consolidation of every 10 existing ordinary shares in Sanichi (“Sanichi Shares”) into 1 Sanichi Share (“Proposed Share Consolidation”);
(ii) proposed reduction of the issued share capital of Sanichi pursuant to Section 117 of the Companies Act 2016 (“Proposed Share Capital Reduction”); and
(iii) proposed variation to the utilisation of proceeds previously raised from the rights issue with warrants exercise undertaken by the Company that was completed on 28 May 2021 (“Proposed Variation”).
Further details of the Proposals are set out in the attachment below.
This announcement is dated 4 October 2024.
======== Retailers kept being squeeze by directors action
This will be the 5th time of shares consolidation since Dec 2012. No authority to investigate the actions of directors to continue squeezing the shareholders especially the retailers.
Teach u all Conso again pls do complain to bursa,try send email to complain, really unfair to all ur minority shareholders,If you dont want to end up like ikan bilis, please voice up to Chairman@bursamalaysia.com SID@bursamalaysia.com RMCChairman@bursamalaysia.com
What? 6 times already dcing consolidating conjob? Must be very very very wrong about this company. you touch you die also involved in this SANICHI are BCM, MNC. BCM, MNC, SANICHI......make sure not a single share in your portfolio
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 22 October 2024, approved the Proposed Share Consolidation
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
5,255 posts
Posted by whistlebower99 > 2024-07-17 11:59 | Report Abuse
FOR NEWBIES
Announced EX Date Subject Ratio Offer
09 Apr 2021 22 Apr 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.0800
22 Mar 2021 02 Apr 2021 Share Consolidation 1.0000 : 10.0000
05 Nov 2018 16 Nov 2018 Rights Issue (warrant) 2 : 1 0.1000
18 Aug 2017 30 Aug 2017 Share Consolidation 3 : 1
31 May 2016 10 Jun 2016 Rights Issue (warrant) 2 : 1 0.1100
04 May 2016 17 May 2016 Share consolidate 4 : 1 View
15 Aug 2014 27 Aug 2014 Rights Issue (warrant) 3 : 2 View
31 Jan 2013 15 Feb 2013 Rights Issue (warrant) 1 : 1 View
10 Dec 2012 20 Dec 2012 Others 5 : 1 View
Multi year losses
9 years of losses in a row !!!
https://www.klsescreener.com/v2/stocks/view/0133/sanichi-technology-berhad
Check P/L and Capital Changes
=====================
NOSH = 1,403,095,559 approaching 1.5 BILLION shares again after share consolidation & massive fund raising via Rights Issue in Apr 2021
Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in 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, RI , asset acquisition, etc
===========
Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc