Hello, im newbie. I bought this share at 0.005. But, unfortunately i cannot sell it before the expired date. What will happen to my shares? Will it automatically convert to the mother share? Thank you sifu2..
Hi hiroya, it wouldn't automatically covert to mother due to you are purchase DGB-OR.... OR is RIGHTS ISSUE from DGB mother and DGB company use it for fund rising purpose. If you wish to convert to mother share you have to subscribe it by fill up the RSF form and pay RM0.110 per 1000 units share. Example: if you buy 500,000 units of DGB-OR and you have to pay RM2500 to pick up and at the same time you need to fill up this form (RSF form) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1921653 and pay 500,000 units x RM0.110 = RM55,000.00 extra to DGB company before it can convert to mother share (you have to pay it before 17 April 2015).. If not your 500,000 units DGB-OR will burn automatically and you get nothing.
Automated identification and data capture (AIDC) solutions provider DGB Asia Bhd (DGB) will enter into a joint venture (JV) with Rofarez Solutions Sdn Bhd, a Ministry of Finance-linked company, to expand into the cloud-based business.
DGB Asia (fundamental: 1.65; valuation: 0.3) said the JV entails the distribution, implementation and service of cloud-based business solution products that provide integration on the software environment for businesses with proprietary development engines.
“The product will provide platforms to design and build solutions that are directly assimilated onto the cloud operating infrastructure. The system is also goods and service tax (GST) friendly, as customers can incorporate the new GST requirement into their current system without hassle,” it said in a statement today.
A memorandum of understanding (MOU) was signed by both parties on April 10, 2015.
read the news publish yesterday, this company still can expand better and profitable.. but really not idea is the time to buy their share to invest now or not... any opnion???
DGB Asia Bhd said its joint venture with Ministry of Finance (MoF)-controlled Rofarez Solutions Sdn Bhd is related to an investment on developing goods and services tax (GST) software, which is expected to bring additional multi-million ringgit profits to the group. Targeted at the oil and gas, healthcare, financial and industrial sectors, DGB managing director Datuk Pang Chow Huat said the biggest advantage of using this new GST software is that it has a direct link to customs. (Sun)
just an MOU...let wait for awhile to see if anything comeout...recently many sign MOU...but in the end terminate...got burnt in Perisai and GHLSys before
Mother share = DGB Earlier there is DGB-OR, u need to top up 0.110 for each DGB-OR, then they will give u the mother share, there are free warrants will be attached in this activity
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flyby
76 posts
Posted by flyby > 2015-04-09 13:43 | Report Abuse
stay away, risk reward profile don't look good.