There are some mega infrastructure projects happening this year that will spike the demand for building materials. Mbright made the right choice by diversifying into that field of business ~
Subscription and acquisition of 2,520,000 ordinary shares in Expogaya Sdn. Bhd. ("EXPO"), representing 70.0% of the enlarged issued shares of EXPO for a total consideration of RM28,040,000, which is satisfied via cash consideration of RM5,000,000 and issuance of 98,461,536 ordinary shares in Meta Bright Group Berhad at an issue price of RM0.234 each No. of shares issued under this corporate proposal 98,461,536 Issue price per share ($$) Malaysian Ringgit (MYR) 0.2340 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 2,491,865,575 ======== Take note of directors continue to issue massive shares for acquisition, PP and ESOS NOSH keep rising causing massive dilution to shareholders equity % and EPS
They do pp in order to expand their business into manufacturing, trading and supply of building materials (e.g. ready-mix concrete) as they know that the demand for building materials are going to soar due to many mega infrastructure projects this year
In Malaysia, the Hardware & Building Materials market has generated a revenue of US$7.03bn in 2024 and it is projected to experience an annual growth rate of 4.05% (CAGR 2024-2028)
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2948 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
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Posted by TaiMeiLi > 2024-01-18 16:25 | Report Abuse
There are some mega infrastructure projects happening this year that will spike the demand for building materials. Mbright made the right choice by diversifying into that field of business ~