ORDINARY RESOLUTION 2 PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,981,187,966 NEW ORDINARY SHARES IN THE COMPANY (“FINTEC SHARES” OR “SHARES”) (“RIGHTS SHARES”) TOGETHER WITH UP TO 1,584,950,372 FREE DETACHABLE WARRANTS IN THE COMPANY (“WARRANTS C”) ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 4 FREE WARRANTS C FOR EVERY 5 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY (“ENTITLED SHAREHOLDERS”) ON AN ENTITLEMENT DATE TO BE DETERMINED (“ENTITLEMENT DATE”) (“PROPOSED RIGHTS ISSUE WITH WARRANTS”) “THAT subject to the approvals of all relevant parties and/or authorities being obtained (if required), including but not limited to the approval of Bursa Malaysia Securities Berhad (“Bursa Securities”) for the listing and quotation of the Rights Shares and Warrants C to be issued hereunder and the new Shares to be issued pursuant to the exercise of the Warrants C, the Board be and is hereby authorised to undertake the Proposed Rights Issue with Warrants as follows:- (i) to provisionally allot and issue by way of a renounceable rights issue of up to 1,981,187,966 Rights Shares together with up to 1,584,950,372 Warrants C to the shareholders of the Company (“Shareholders”) whose names appear in the Record of Depositors of the Company as at the close of business on the Entitlement Date and/or their renouncee(s), on the basis of 5 Rights Shares together with 4 free Warrants C for every 5 existing Shares held on the Entitlement Date at an issue price to be determined by the Board and on such terms and conditions and in such manner as the Board may determine; (ii) to enter into and execute the deed poll constituting the Warrants C (“Deed Poll C”) and to do all acts, deeds and things as the Board may deem fit or expedient in order to implement, finalise and give effect to the Deed Poll C (including, without limitation, the affixing of the Company’s company seal, where necessary); (iii) to allot and issue the Warrants C in registered form to the Entitled Shareholders (and/or their renouncee(s), as the case may be) and Excess Applicants (as defined below), if any, who subscribe for and are allotted Rights Shares, each Warrant C conferring the right to subscribe for 1 new Share at an exercise price to be determined by the Board on the Entitlement Date, subject to the provisions for adjustment to the subscription rights attached to the Warrants C in accordance with the provisions of the Deed Poll C; (iv) to allot and issue such number of additional Warrants C pursuant to adjustments as provided for under the Deed Poll C (“Additional Warrants C”) and to adjust from time to time the exercise price of the Warrants C as a consequence of the adjustments under the provisions of the Deed Poll C and/or to effect such modifications, variations and/or amendments as may be imposed, required or permitted by Bursa Securities and any other relevant authorities or parties (where required); and (v) to allot and issue such number of new Shares credited as fully paid-up to the holders of Warrants C upon their exercise of the relevant Warrants C to subscribe for new Shares during the tenure of the Warrants C, and such further new Shares as may be required or permitted to be issued pursuant to the exercise of the Additional Warrants C and such adjustments in accordance with the provisions of the Deed Poll C;
The AGM is today at 11.00am and the RI will be discussed in the AGM and since the operator holds majority of the shares the probability of it being approved is very much real. Fintec will also be discussing on the new business diversification to glove.
@newbie5354 you need to do your own homework on which counter to choose and trade if you are just buying and selling based on what is discussed in i3 then you are not trading nor are you investing but you are gambling!! you keep doing that and you will be losing money.
Newbie when did I say you bought Focus I did not please read back my replies and of course I know Fintec owns Focus and not only Focus AT and Netx is also under Fintec.
Westeros, that newbie5354_ is not even gambling. He is just stupid and doesn't know what is talking about or doing. That the most accurate description about him.
newbie5354_, you can't vote because you don't have any shares. And if you buy at 16cents its not my fault k? what's the good price to enter also dunno. 8-9cent is a good price. Why go buy at 16cent.
Speaking of glove, Maybank and Kenanga start to issue put warrant on the top 4 counter... it's gonna be interesting show after operators collect enough put warrrant...they throw waves of panic and make money from put warrant.
RJ87 you got read everything? If newbie5354 no Fintec why he want to vote?
RJ87 Westeros, that newbie5354_ is not even gambling. He is just stupid and doesn't know what is talking about or doing. That the most accurate description about him.
newbie5354_, you can't vote because you don't have any shares.
And if you buy at 16cents its not my fault k? what's the good price to enter also dunno. 8-9cent is a good price. Why go buy at 16cent.
newbie5354_ 11.00 today EGM true? I want to vote no on Fintec RI sifus please teach how to vote online. 26/10/2020 9:37 AM
1. TENTATIVE TIMELINE Subject to all relevant approvals being obtained, the Proposals are expected to be completed by the 1st quarter of 2021. The tentative timetable for the Proposals is as follows:- Date Events 26 October 2020 EGM for the Proposals November 2020 Announcement of the Entitlement Date December 2020 Entitlement Date Despatch of the abridged prospectus, notices of provisional allotment and rights subscription forms January 2021 Closing date of application for the Rights Shares with Warrants C Listing and quotation of the Rights Shares and Warrants C Completion of the Proposed Rights Issue with Warrants February 2021 Establishment of the ESOS
1) None of the proposal are of my interest. I'm only interested when they going to sell Focus.
2)1mil share in 1.4 billion outstanding shares only 0.07%. I scream yes or no also nobody hear. You ask KYY come la. Buy in 70mil. Then, he sneeze. BOD will pay attention. If he owns controlling share of Fintec, I think first thing he will do is sell everything in Focus. Put 1billion cash into Fintec's balance sheet. He would have turned his 70mil investment to 500-600mil easy. All we need to do is wait ride along.
You poor gamblers come in with contra money who can't wait will keep on losing money. When 9 sen don't want buy. Because say dunno have to wait how long. When break out jump 12-15sen, quickly chase. Cos T+2 maybe still go leg. When 17sen, say uptrend don't want sell.
When it dropback to 9sen. Come ask RJ...when is Fintec going to go back up.
Niama born you with the brain growing at the wrong place. Instead of having the brain growing between ur eye, you must have yours grown between ur buttocks.
Yeah. Buy below 10 sen. Sell everything by 15sen for 50% return to the greedy contra/gambler. And they will take the fall. Stockmarket is a zero sum game. When there is the winner, there must be losers. No such thing as win win here. To mitigate your loses and maximize ur profit, NEVER BUY HIGH OR CHASE ANYTHING.
P.S. Those who chase Mahsing from RM1.10 - 1.46. Now, doing 10-30% lost in few days lo. 67sen that time don't want buy. RM1++ only go chase. It has up by 50+% and as high as 100% liao still buy ar? Hallo! Do you know what's OVERPRICED? If you don't, is it my fault?
Westeros Cmon guys lets not argue like this we are all in Bursa to make money right, lets help and assist each other.
Hahahahaha...I have to agree this one with RJ....for info during first round bought fintec at 8.5 cents and sold at 17 cents...now second round bought fintec again at 0.9 cents and am waiting for second breakout....always study and understand the counter you wanna buy....buy low and sell high and not vice versa otherwise you keep losing money, before buying study the counters trend know where is the support and resistance....for fintec right now 0.95 - 0.90 cents is the support...already give tips to newbies yaaaa...
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Posted by Westeros > 2020-10-23 12:29 | Report Abuse
Press down? it seems today volume is incoming since morning till now.