PEGASUS HEIGHTS BERHAD ("PHB" OR THE "COMPANY") PRIVATE PLACEMENT Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Private Placement.
We refer to the earlier announcements dated 18 December 2020, 8 January 2021, 15 January 2021, 18 June 2021 and 23 June 2021 in relation to the Private Placement.
On behalf of the Board, UOBKH wishes to announce that it had, on 17 December 2021, submitted the application to Bursa Malaysia Securities Berhad to seek its approval for an extension of time for the Company to implement and complete the Private Placement.
This announcement is dated 17 December 2021.
=====================
Silly loss making penny stocks trading at price of 1/2 and 1 sen still hoping to raise fund by doing private placement
Most likely outcome from company directors are to propose shares consolidation and rights issue with free warrant.
Whether existing shareholders will support the corporate exercise is another matter.
================ Trade wisely, don't be caught with unfavorable corporate exercise
======================= Penny stocks that had shares consolidation in 2021 : pasukgb, pdz, sanichi, trive, lambo, mtouche, pworth,vc
====================== Two penny stocks currently on shares consolidation list
1. KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") PROPOSED SHARE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN KANGER ("KANGER SHARE(S)") INTO 1 KANGER SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION") https://www.klsescreener.com/v2/announcements/view/3473335
2. METRONIC GLOBAL BERHAD ("METRONIC" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") https://www.klsescreener.com/v2/announcements/view/3459535
Now we have 3 penny stocks currently on shares consolidation list. Latest to join the list is AGESON BERHAD (19 Jan 2022)
1. KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") PROPOSED SHARE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN KANGER ("KANGER SHARE(S)") INTO 1 KANGER SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION")
2. METRONIC GLOBAL BERHAD ("METRONIC" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES)
Best and safest to avoid penny stocks with multi-billion issued shares. Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants
Trade wisely, set realistic target, don't be trapped at high prices
VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS This announcement is dated 8 April 2022.
================= Another loss making high NOSH penny stock going shares consolidation and fund raising rights issue exercise.
Some stocks that had consolidated are pasukgb, pdz, lambo, trive, kanger, sanichi, pworth, etc
Those in the process are Ages, Mtronic, Digistar and Vsolar
=================== Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES)
Best and safest to avoid penny stocks with multi-billion issued shares. Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants
PEGASUS HEIGHTS BERHAD ("PHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
On behalf of the Board of Directors of PHB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a private placement of up to 20% of the total number of issued shares of PHB ("PHB Share(s)" or "Share(s)") (excluding treasury shares, if any) to third party investor(s) to be identified later at an issue price to be determined later, in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act") ("Proposed Private Placement").
=============== Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES) Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants
Some stocks that had consolidated are pasukgb, pdz, lambo, trive, kanger, sanichi, pworth, etc Those in the process are Ages, Mtronic, Digistar and Vsolar
================= Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Latest penny stocks undergoing shares consolidation are AGES and MTRONIC
Be careful when trading penny stock with high NOSH multi BILLION issued shares or multi-year losses with directors frequently raising fund via shares issuance to RI, PP and ESOS.
Directors have power to propose shares consolidation and rights issue with free warrants to continue with fund raising exercise
PEGASUS HEIGHTS BERHAD ("PHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 10 May 2022, resolved to approve the listing of and quotation for up to 2,920,808,534 Placement Shares to be issued pursuant to the Proposed Private Placement, on the Main Market of Bursa Securities subject to the following:-
Latest penny stocks to propose shares consolidation are FAST & YONGTAI while AGES, MTRONIC & DIGISTA had just completed the exercise or on-going.
Other high NOSH penny stocks that had undergone shares consolidation include pasukgb, pdz, kanger, lambo, sanichi, mtouche, netx, mlab, trive.......etc
Be aware of the risk of trading penny stock with high NOSH multi BILLION issued shares or multi-year losses with directors frequently raising fund via shares issuance to RI, PP and ESOS.
Directors have power to propose shares consolidation and rights issue with free warrants to continue with fund raising exercise
KOMARK is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 23 August 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
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 from share consolidation
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....
whistlebower99
4,584 posts
Posted by whistlebower99 > 2021-11-22 11:00 | Report Abuse
FOR NEWBIES
PROPOSED SHARES CONSOLIDATION BY LOW PRICE PENNY STOCKS
19 November 2021. METRONIC GLOBAL BERHAD
(I) PROPOSED DIVERSIFICATION;
(II) PROPOSED SHARE CONSOLIDATION; AND
(III) PROPOSED RIGHTS ISSUE WITH WARRANTS
https://www.klsescreener.com/v2/announcements/view/3459535
---------------------------------
12 November 2021. KANGER INTERNATIONAL BERHAD
PROPOSED SHARE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN KANGER INTO 1 KANGER SHARE ("PROPOSED SHARE CONSOLIDATION")
https://www.klsescreener.com/v2/announcements/view/3455805
==============================
Which low price penny stock will be next to join the list
==============================
Trade wisely, avoid being caught in such corporate exercise