KLSE (MYR): INSAS (3379)
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Last Price
0.995
Today's Change
-0.005 (0.50%)
Day's Change
0.99 - 1.00
Trading Volume
358,800
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45,899 comment(s). Last comment by TheContrarian 23 minutes ago
Posted by Philip ( buy what you understand) > 2020-07-13 08:56 | Report Abuse
Posted by Philip ( buy what you understand) > 2020-07-13 09:20 | Report Abuse
2024-09-07
Philip ( buy what you understand)
4,794 posts
Posted by Philip ( buy what you understand) > 2020-07-12 00:02 | Report Abuse
Only banks may use customer deposits to do loans. Stockbroking company is not allowed to.
Therefore, since you cannot use what does not belong to you, you have to raise cash in more creative ways.
And if the public is not interested giving out a loan to INSAS or buy the shares, more creative methods need to be raised.
>>>>>>>>>
Hence not a problem for INSAS to use deposits to repay the bridging loan of RM 132 million. In fact I suggest to Board to replace Rights Issue with Bonus issue of up to XXXXXXX free warrants to existing INSAS shareholders. So hold tight to your INSAS share and do not sell cheaply