When do shareholders gets free warrant? So long wait company die lah if Bursa works like old people. No wonder listed companies all voluntary de list and go else where.
We refer to the announcements made on 29 May 2013, 28 June 2013, 9 July 2013, 18 July 2013 and 4 September 2013 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. On behalf of the Board, TA Securities wishes to announce that Winsun and the Vendor have on 28 November 2013 mutually agreed to extend the Condition Period for a further three (3) months from 28 November 2013 to 28 February 2014 for the fulfilment of conditions precedent of the SSA. The announcement is dated 28 November 2013. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1476121
MULTIPLE PROPOSALS WINSUN TECHNOLOGIES BERHAD (“WINSUN” OR “COMPANY”) (I) PROPOSED ACQUISITION OF PLANET WIRELESS HOLDINGS LIMITED (“PW”) (II) PROPOSED DIVERSIFICATION (III) PROPOSED PRIVATE PLACEMENT OF SHARES WITH WARRANTS (IV) PROPOSED FREE WARRANTS ISSUE (COLLECTIVELY REFERRED TO AS “PROPOSALS”)
PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PLANET WIRELESS HOLDINGS LIMITED FOR A PURCHASE CONSIDERATION OF RM14.5 MILLION TO BE SATISFIED VIA A COMBINATION OF RM4.5 MILLION IN CASH AND ISSUANCE OF 50.0 MILLION NEW ORDINARY SHARES OF RM0.10 EACH IN WINSUN (“WINSUN SHARES” OR “SHARES”) TOGETHER WITH 50.0 MILLION DETACHABLE WARRANTS IN WINSUN;
(II) PROPOSED DIVERSIFICATION OF THE EXISTING CORE BUSINESS OF WINSUN AND ITS SUBSIDIARIES TO INCLUDE THE PROVISION OF MOBILE MULTIMEDIA, GATEWAY AND APPLICATIONS SERVICES;
(III) PROPOSED PRIVATE PLACEMENT OF UP TO 133.0 MILLION NEW WINSUN SHARES, TOGETHER WITH DETACHABLE WARRANTS IN WINSUN (“PLACEMENT WARRANTS”) ON THE BASIS OF ONE (1) PLACEMENT WARRANT FOR EVERY ONE (1) NEW SHARE SUBSCRIBED BY SELECTED INVESTOR(S) TO BE IDENTIFIED LATER; AND
(IV) PROPOSED ISSUE OF 33.0 MILLION FREE WARRANTS IN WINSUN (“FREE WARRANTS”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TEN (10) WINSUN SHARES HELD BY THE ENTITLED SHAREHOLDERS OF WINSUN
PART B
PROPOSED CHANGE OF COMPANY’S NAME FROM “WINSUN TECHNOLOGIES BERHAD” TO “WINTONI GROUP BERHAD”
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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....
Vincent688
295 posts
Posted by Vincent688 > 2013-10-31 22:19 | Report Abuse
I think this stock can't get any lower, but don't know when it can fly, any tips