DGB ASIA BERHAD

KLSE (MYR): DGB (0152)

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Last Price

0.09

Today's Change

+0.005 (5.88%)

Day's Change

0.09 - 0.09

Trading Volume

1,000


9 people like this.

10,176 comment(s). Last comment by whistlebower99 3 days ago

ray8793

125 posts

Posted by ray8793 > 2020-08-05 15:49 | Report Abuse

chill

jimwong

37 posts

Posted by jimwong > 2020-08-05 15:56 | Report Abuse

any update on EGM? Good news?

wiwiwik

29 posts

Posted by wiwiwik > 2020-08-05 16:03 | Report Abuse

what news? diam je...

Jessgoh

1,175 posts

Posted by Jessgoh > 2020-08-05 16:11 | Report Abuse

buy on rumors.....sell on news.....

gottogo

286 posts

Posted by gottogo > 2020-08-05 17:37 | Report Abuse

Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 05 Aug 2020
Time 02:30 PM

Venue(s) LOT 8.1, 8TH FLOOR, MENARA LIEN HOE
NO. 8, PERSIARAN TROPICANA
TROPICANA GOLF & COUNTRY RESORT
47410 PETALING JAYA, SELANGOR
Malaysia

Outcome of Meeting
The Board of Directors of DGB Asia Berhad ("DGB" or "the Company") is pleased to announce that the resolution as prescribed in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 21 July 2020 was duly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM of the Company.

The result of the poll was validated by Sharepolls Sdn. Bhd., the independent scrutineer appointed by the Company.



Please refer to the attachment for the details of the outcome.



This announcement is dated 5 August 2020.


Voting Results

1. Ordinary Resolution
Description PROPOSED PRIVATE PLACEMENT OF UP TO 349,916,000 NEW ORDINARY SHARES IN DGB, REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF DGB, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 29 0
No. of Shares 77,994,877 0
% of Voted Shares 100.0000 0.0000
Result Accepted

gottogo

286 posts

Posted by gottogo > 2020-08-05 17:45 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING DGB ASIA BERHAD ("DGB" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 349,916,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PRIVATE PLACEMENT")
DGB ASIA BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description DGB ASIA BERHAD ("DGB" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 349,916,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PRIVATE PLACEMENT")
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 3 July 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 3 July 2020 and 10 July 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 349,916,000 Placement Shares at RM0.0566 per Placement Share (“Issue Price”).



The Issue Price represents a discount of 9.87% to the 5-day VWAP of the Shares up to and including 4 August 2020 of RM0.0628, being the last market day immediately preceding the Price-fixing Date.



This announcement is dated 5 August 2020.

IbnuShaari

390 posts

Posted by IbnuShaari > 2020-08-05 17:51 | Report Abuse

It means that DGB shall maintain the price at least 0.0566 (after discount from 0.0628) or higher to to ensure win win situation for both DGB and 3rd Party partner who is going to take up PP. Hope with this news, the DGB price will continue sailing to the north.

Glove Angel

2,121 posts

Posted by Glove Angel > 2020-08-05 18:22 | Report Abuse

same like XOX. but look at XOX now...tomorrow see u at 0.15

Bezict

2 posts

Posted by Bezict > 2020-08-05 19:19 | Report Abuse

tomorrow sure 10 cent. buy more

IbnuShaari

390 posts

Posted by IbnuShaari > 2020-08-05 19:30 | Report Abuse

A total of RM19,805,245.6 will be flowing to DGB upon this PP exercise. This will enable DGB to expand the business further.

Posted by Fundamentaler > 2020-08-05 19:44 | Report Abuse

DGB is cash rich.. before covid uptrend.. 0.15 fair value

Glove Angel

2,121 posts

Posted by Glove Angel > 2020-08-05 23:26 | Report Abuse

Don be afraid.. Tomorrow see at 0.2

Posted by Blackdevil > 2020-08-06 00:13 | Report Abuse

Hopefully

Mambang

35 posts

Posted by Mambang > 2020-08-06 01:05 | Report Abuse

entry price?

kingrator

203 posts

Posted by kingrator > 2020-08-06 06:51 | Report Abuse

0.2 seem too high to reach within short period, maybe 0.1 quite reasonable

pazzoll

240 posts

Posted by pazzoll > 2020-08-06 08:08 | Report Abuse

BB trending upwards

shacarlos

348 posts

Posted by shacarlos > 2020-08-06 08:55 | Report Abuse

wahhhh.... ini hari nampak hijau.... kekekeke... ;-)

lalalam

146 posts

Posted by lalalam > 2020-08-06 09:32 | Report Abuse

please continue fly

wiwiwik

29 posts

Posted by wiwiwik > 2020-08-06 09:41 | Report Abuse

20 sen today? r u kidding me? seems far far away LOL... .09 maybe?

Posted by Lucklystar > 2020-08-06 09:45 | Report Abuse

Continue up please! I wait you at 0.12.

SapuKaki

147 posts

Posted by SapuKaki > 2020-08-06 09:56 | Report Abuse

klci green....bad business for super penny...wait afternoon

Hype90

6 posts

Posted by Hype90 > 2020-08-06 10:02 | Report Abuse

u think this counter got hope?

ray8793

125 posts

Posted by ray8793 > 2020-08-06 10:07 | Report Abuse

chill, coming.

gghaha

1,639 posts

Posted by gghaha > 2020-08-06 10:15 | Report Abuse

seem drop also all happy waiting...:)

proplay

163 posts

Posted by proplay > 2020-08-06 10:29 | Report Abuse

Shacarlos hijau ke merah..tak silap mata saya merah warna nya.

proplay

163 posts

Posted by proplay > 2020-08-06 10:31 | Report Abuse

Lucklystar, baik kalau mulut mu masin..jadi 0.12..haha

su1801

637 posts

Posted by su1801 > 2020-08-06 10:42 | Report Abuse

just a reatrace....normal....that is strategy.....

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2020-08-06 12:09 | Report Abuse

will close higher today.

SMTown

157 posts

Posted by SMTown > 2020-08-06 13:27 | Report Abuse

DGB bought M3TECH on Dec 2019 @0.045sen & on May 2020 @0.06sen. M3tech share price as of today is @0.14.

fidaus2005

123 posts

Posted by fidaus2005 > 2020-08-06 14:23 | Report Abuse

Next jump to 0.105 after that 0.125, Stay tuned guys !

wiwiwik

29 posts

Posted by wiwiwik > 2020-08-06 14:36 | Report Abuse

oink oink

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2020-08-06 15:14 | Report Abuse

Entering 2nd Phase of new resistance.This is not for contra player but more to mid term players.

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2020-08-06 15:26 | Report Abuse

Dont blame if price will boost up higher and later regret. DGB is a hidden gem ready to be unleash and soon price value is more than what its supposed to be.

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2020-08-06 15:27 | Report Abuse

Cant reveal much but big incoming news is paving ways

Jayjay123

633 posts

Posted by Jayjay123 > 2020-08-06 15:27 | Report Abuse

Not yet ready to fly. Someone havent finish collect

wiwiwik

29 posts

Posted by wiwiwik > 2020-08-06 15:28 | Report Abuse

ya meh BigDaddyCool? what news? or just rumour?

IbnuShaari

390 posts

Posted by IbnuShaari > 2020-08-06 15:35 | Report Abuse

I m patiently holding to see the bright future. Hope the upcoming announcement will bring the DGB price to the new level 0.12, 0.15 and 0.20++.

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2020-08-06 15:39 | Report Abuse

want fast money go buy Da ma Cai wiwiwik

wiwiwik

29 posts

Posted by wiwiwik > 2020-08-06 15:48 | Report Abuse

lol i hold this counter since its 3 sen maa...if i want fast money long agoooo i sell ady wiwiwik

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2020-08-06 15:52 | Report Abuse

ngam ho laupan wiwiwik

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2020-08-06 16:12 | Report Abuse

mopiko lai liaw

kirana79

11 posts

Posted by kirana79 > 2020-08-06 16:36 | Report Abuse

tommorow

shacarlos

348 posts

Posted by shacarlos > 2020-08-06 16:41 | Report Abuse

tq dgb....
dgb - buy 0.025 sell 0.08... 220%
dgbwb - buy 0.025 sell 0.03... 20%

;-)

wiwiwik

29 posts

Posted by wiwiwik > 2020-08-06 17:08 | Report Abuse

gottogo

286 posts

Posted by gottogo > 2020-08-06 18:01 | Report Abuse

DGB ASIA BERHAD (“DGB” OR “THE COMPANY”)
REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”)
DATED 5 AUGUST 2020 PERTAINING TO THE SUBSCRIPTION BY DGB OF ADDITIONAL 8,000,000
NEW ORDINARY SHARES OF USD0.125 EACH IN CLI INVESTMENT LIMITED (“CLI INVESTMENT”)
FOR A SUBSCRIPTION CONSIDERATION OF USD998,851 (APPROXIMATELY RM4,245,115)
Reference is made to the announcement of the Company dated 3 August 2020 (“Announcement”) and
the letter dated 5 August 2020 (IQL-05082020-00001) from Bursa Securities in relation to the subscription
by DGB of additional 8,000,000 new ordinary shares of USD0.125 each in CLI Investment for a subscription
consideration of USD998,851 (Approximately RM4,245,115) in relation to the total subscription of
2,400,000 ordinary shares by the Company in CLI Investment. Unless otherwise stated, all abbreviations
and definition used herein shall have the same meanings as those defined in the Announcement.
The Board of Directors of DGB (“Board”) is pleased to furnish the following additional information as
required:-
1. The date on which DGB paid the Subscription Consideration of USD998,851.
The Subscription Consideration was paid on 29 July 2020 in accordance to Clause 2.1 of the SSA.
2. Whether the Subscription Consideration will be refunded to DGB with or without interest. If
yes, state the percentage.
Pursuant to Clause 2.3 of the SSA, prior to the due fulfilment of any Condition Precedent by the
Parties, the Subscription Consideration shall be deemed to be held in trust by CLI Investment and
shall at all material times be refunded without interest by CLI Investment to DGB in the event the
SSA is terminated by either Party or the Parties fail to complete the subscription of the Subscribed
Shares on or before the Completion Date or any other date determined by DGB in its absolute
discretion.
3. The estimated timeframe to complete the Subscription.
Pursuant to Clause 3.1 of the SSA, the Parties have one (1) month from the date of the SSA to fulfill
the Condition Precedent stipulated in the SSA and pursuant to Clause 4.1 of the SSA, the subscription
of the Subscribed Shares shall take place within three (3) days of the fulfilment of the Condition
Precedent.
This announcement is dated 6 August 2020.

milo

552 posts

Posted by milo > 2020-08-06 18:29 | Report Abuse

this good ka.. limit up tommorow..

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2020-08-06 18:30 | Report Abuse

Good and positive reply...fly tomorrow

gghaha

1,639 posts

Posted by gghaha > 2020-08-06 18:43 | Report Abuse

Just a reply then can fly????.....:)

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2020-08-06 19:44 | Report Abuse

gghaha...u faham ke x faham the content of the agreement and the reply fron bursa.Kalau x faham jgn keluar comment sarcastic.Dian2 jelah.jgn negative sgt

gottogo

286 posts

Posted by gottogo > 2020-08-06 20:04 | Report Abuse

Should fly..this is legit...no like other counter that want buy glove factory lol

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