1. ) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF EAH PURSUANT TO SECTION 115(A) READ TOGETHER WITH SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED CAPITAL REDUCTION")
2.) PROPOSED ISSUANCE OF 1,100,000,000 NEW ORDINARY SHARES OF EAH ("SUBSCRIPTION SHARE(S)") (REPRESENTING APPROXIMATELY 21.7% EQUITY INTEREST IN EAH) TO VINVEST CAPITAL HOLDINGS BERHAD (FORMERLY KNOWN AS VIVOCOM INTL HOLDINGS BERHAD) ("VINVEST") AT AN ISSUE PRICE OF RM0.0211 PER SUBSCRIPTION SHARE FOR A TOTAL CONSIDERATION OF RM23,210,000, TO BE FULLY SATISFIED VIA THE ISSUANCE OF 62,645,075 NEW ORDINARY SHARES OF VINVEST ("CONSIDERATION SHARE(S)") AT AN ISSUE PRICE OF RM0.3705 PER CONSIDERATION SHARE ("PROPOSED SHARES ISSUANCE")
On behalf of the Board, UOBKH wishes to announce that 1,100,000,000 new EAH Shares issued pursuant to the Shares Issuance, were listed and quoted on the ACE Market of Bursa Securities with effect from 30 November 2021, which marks the completion of the Shares Issuance.
The Board of Directors of EA Holdings Berhad ("EAH") is pleased to announce that the Company had on 1 December 2021 entered into a Memorandum of Understanding (“MOU”) with Third Telecom Sdn Bhd (“TTSB”) to collaborate for the design, provision and distribution of broadband access solutions, services and equipment utilising the 5G technology in Malaysia.
The Parties are also desirous of exploring the potential acquisition of a majority stake in TTSB by the Company to further strengthen the collaboration, subject to the terms and conditions to be agreed upon between the shareholders of TTSB and the Company.
This announcement is dated 1 December 2021.
==================== Another MOU and have many business opportunities but still making losses
================== Total issued shares = 6,172,360,564
WD = 993,885,016 Maturity 2022-10-25 Strike value 0.0500
WE = 1,087,061,194 Maturity 2023-04-22 Strike value 0.0350
(I) PROPOSED ACQUISITION BY EAH OF THE REMAINING 10% EQUITY INTEREST IN SUNLAND VOLONTE AGENCY SDN BHD (“SUNLAND”) (“PROPOSED ACQUISITION”); AND (II) PROPOSED ISSUANCE OF NEW ORDINARY SHARES IN EAH (“SHARES”) TO SATISFY THE PURCHASE CONSIDERATION FOR THE PROPOSED ACQUISITION VIA A GENERAL MANDATE PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 (“ACT”) (“PROPOSED SHARE ISSUANCE”)
EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") (I) PROPOSED ACQUISITION; AND (II) PROPOSED SHARE ISSUANCE (COLLECTIVELY REFERRED TO AS "PROPOSALS")
We refer to the announcements made on 13 December 2021, 14 December 2021 and 30 December 2021 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 Bursa Securities had, vide its letter dated 3 January 2022, resolved to approve the listing and quotation of 279,329,600 Consideration Shares to be issued pursuant to the Proposed Share Issuance subject to the following conditions:
===================== More shares issuance on the way. More dilution of shareholders equity & EPS NOSH at 6,172,360,564 will continue to rise towards 7 BILLION shares
Particulars of Substantial Securities Holder Name VINVEST CAPITAL HOLDINGS BERHAD Direct (units) 1,100,000,000 Direct (%) 17.821 Date of notice 30 Nov 2021
============================= 2. EAH SHAREHOLDING IN VINVEST CAPITAL HOLDINGS BERHAD
Particulars of Substantial Securities Holder Name EA HOLDINGS BERHAD Subscription of Shares Direct (units) 62,645,075 Direct (%) 6.464 Date of notice 30 Nov 2021
MNC is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 29 August 2022.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
List of penny stocks with shares consolidation :-
2022 in progress - MNC, MERIDIAN, LKL, IMPIANA, FAST, VSOLAR
WD = 993,885,016 Maturity 2022-10-25 Strike value 0.0500
WE = 1,087,061,194 Maturity 2023-04-22 Strike value 0.0350
================= 8 BILLION shares and warrants combined Too Heavy to climb up
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
NEXGRAM is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 14 September 2022.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
EDUSPEC & DOLPHIN are the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 13 January 2023.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 proposal in progress - MERIDIAN, VSOLAR, DOLPHIN, EDUSPEC
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show Multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
================= 7.5 BILLION shares and warrant combined Too HEAVY to push price up.
================= Be careful holding high NOSH penny stock, many of which had undergone shares consolidation of at least 10 to 1
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
==================== TAYOR, set realistic target
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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....
kenie
1,641 posts
Posted by kenie > 2021-10-12 10:38 | Report Abuse
shares consolidation