Hey! I noticed the shares Im holding has been down to 1/10. Meaning 9/10 of the stocks i used to hold is missing! I understand DGB is going to consolidate share next Monday 5pm, but that doesnt explain why 9/10 of my invested capital is missing as well! Please explain.. Maybe Rakuten error?
Hey! I noticed the shares Im holding has been down to 1/10. Meaning 9/10 of the stocks i used to hold is missing! I understand DGB is going to consolidate share next Monday 5pm, but that doesnt explain why 9/10 of my invested capital is missing as well! Please explain.. Maybe Rakuten error? ===================== normal procedure when consolidate share
Based on AGM result, Share consolidated from 1.6Bil to 160Mil, but then issue RI 1.2B share, at the end final NOSH would be 1.36Bil. Can anyone advice the rational behind their plan ? 14/11/2020 2:15 PM
Share consolidation is 10 becomes 1 the last traded price is 4.5 sen System reduced your share quantity to stop one for selling more than they should On Monday , you will have 1/10 of the shares in your account, the reference price for Monday would be 45 sen, 10 times more than yesterday. In real value term, at 9:00 Monday morning, your net worth on DGB does not change.
you guys really funny. why didn't notice about shares consolidation. Just pray the price will be like vivocom. Vivocom got a boost from 5G investment by gov. Not sure about this DGB. Does anyone know the catalyst?
DGB - Notice of Book Closure ILC-11112020-00012 CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN DGB ASIA BERHAD ("DGB" OR THE "COMPANY") ("DGB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 24 NOVEMBER 2020 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION"). Kindly be advised of the following : 1) The above Company's securities will be traded and quoted "Ex - Consolidation? as from: 23 Nov 2020 2) The last date of lodgment : 24 Nov 2020 Remarks 1: Participating Organisations are to take note of the following Share Consolidation exercise by DGB ASIA BERHAD. The Share Consolidation comprises the following:- CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN DGB ASIA BERHAD ("DGB" OR THE "COMPANY") ("DGB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 24 NOVEMBER 2020 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION"). In relation to the Share Consolidation undertaken by DGB as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that: (a) on or after the Ex-date on 23 November 2020, trading of DGB shares will be based on the newly adjusted shares after the Share Consolidation of DGB shares, (b) on the basis of settlement taking place after 24 November 2020 with consolidated DGB shares, any entitled shareholder who owns DGB shares as at Ex-date may sell only up to the maximum DGB shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 23 November 2020. With the adjustments pursuant to the Share Consolidation effected on DGB shareholders? CDS account at the end of the Entitlement Date (?Books Closure Date?), an entitled DGB shareholder may use the following basis to estimate the maximum number of DGB shares that he may sell from the Ex-date until the Book Closing Date which is from 23 November 2020 until 24 November 2020. Number of DGB shares that may be sold = Number of shares held / 10 from 23 November 2020 until 24 November 2020 (All fractional shares computed should be disregarded) Illustration: For example, if Mr X owns or purchases 1000 DGB shares on cum basis on 20 November 2020, his CDS account would still show 1000 DGB shares until 24 November 2020. However, as a results of the above Share Consolidation exercise, Mr X?s 1000 DGB shares in his CDS account will be adjusted to 100 DGB shares on the night of 24 November 2020 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 DGB shares on or after the Ex-date i.e. from 23 November 2020 onwards. Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 23 November 2020 until 24 November 2020, they are only entitled to sell the maximum of 1/10 of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client?s position. Remarks 2 : The Share Consolidation involves the consolidation of every 10 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 24 November 2020, being the entitlement date for the Share Consolidation. The actual number of Consolidated Shares to be issued would depend on the issued share capital of the Company on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors of the Company at its absolute discretion in such manner as it may deem fit or expedient and in the best interest of the Company. The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 25 November 2020, being the next market day following the entitlement date for the Share Consolidation. The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities. The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held. MANAGER, REF. DATA MANAGEMENT You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Calm down..current price still not adjust lar. Only your buying avg price and qty already adjusted (Mplus maybe some other platform). So thats why you are in losses.
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