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")
More fund raising, more shares issuance for private placement by directors
COMPUGATES HOLDINGS BERHAD ("CHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 4 January 2022, resolved to approve the listing and quotation for up to 763,940,372 Placement Shares to be issued pursuant to the Proposed Private Placement.
The proposed PP was passed with 53 votes (1,616,247,188 units - 99.8202%) against 12 (2,910,707 units - 0.1798%) among 65 voters with a total of 1,619,157,895 share units.
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 20% of the total number of issued shares of Compugates Holdings Berhad No. of shares issued under this corporate proposal 763,940,372 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0090 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 4,583,642,235 Issued Share Capital ($$) Malaysian Ringgit (MYR) 81,429,473.550 Listing Date 23 Mar 2022
================ Frequent fund raising by directors via shares issuance to PP and ESOS More dilution to equity % and EPS NOSH = 4,583,642,235 will hit 5 BILLION shares in near future Making losses in most of last 13 years
=============== Possible for directors to propose shares consolidation to trim down the NOSH like other loss making penny stocks like pauskgb, kanger, pdz, lambo, etc
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 20% of the total number of issued shares of Compugates Holdings Berhad No. of shares issued under this corporate proposal 763,940,372 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0090 Latest issued share capital after the above corporate proposal in the following Units 4,583,642,235 Listing Date 23 Mar 2022
================ Particulars of substantial Securities Holder Name CURATE HOLDINGS SDN. BHD. 1 22 Mar 2022 763,940,372 Others Direct Interest Subscription of shares under Private Placement Direct (units) 1,006,487,872 Direct (%) 21.958 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 1,006,487,872 Date of notice 23 Mar 2022
------------------------------- Particulars of substantial Securities Holder Name MISS SOO YI XIN 1 22 Mar 2022 763,940,372 Others Indirect Interest Name of registered holder CIMSEC Nominees (Tempatan) Sdn. Bhd. CIMB for Curate Holdings Sdn. Bhd. (PB) Subscription of shares under Private Placement Direct (units) 200,000 Direct (%) 0.004 Indirect/deemed interest (units) 1,006,487,872 Indirect/deemed interest (%) 21.958 Total no of securities after change 1,006,687,872 Date of notice 23 Mar 2022
================= Massive fund raising via shares issuance to PP (taken up by a single investor) Further dilution of shareholder equity % and EPS NOSH = 4,583,642,235 inching towards 5 BILLION shares Loss making in most of last 20 years
================== A number of loss making high NOSH penny stocks had done shares consolidation and rights issue with free warrants to raise more fund. See pasukgb, pdz, lambo, sanichi, kanger, etc
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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
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
Another quarter of losses Making up 25 quarter of losses in a row
Profit/(loss) attributable to ordinary equity holders of the parent -1,207,000
============= Multi year loss making company Directors continue to receive remuneration and payment
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
================ 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
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
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COMPUGATES HOLDINGS BERHAD ("CHB" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT On behalf of the Board of Directors of CHB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a proposed private placement of up to 20% of the total number of issued shares of CHB to third party investor(s) to be identified later at an issue price to be determined and announced later ("Proposed Private Placement").
For the avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act, 2016 but that the Proposed Private Placement is subject to, amongst others, the specific approval to be approved by the shareholders of CHB in an Extraordinary General Meeting of CHB to be convened.
Further details of the Proposed Private Placement are set out in the attachment enclosed.
============ Directors still busy with fund raising visa shares issuance to PP, ESOS Current NOSH = 4,583,642,235 will exceed 5 BILLION shares upon completion
============ Be careful holding high NOSH loss making penny stock, many of which had shares consolidation and followed by fund raising via rights issue
Changes in Director's Interest (Section 219 of CA 2016) Particulars of Director Name MADAM SEE THOO CHAN 1 24/11/2022 60,783,100 Disposed Direct Interest Consideration (if any) 0.015 Disposal of shares through open market transaction
Total no of securities after change Direct (units) 339,547,840 Direct (%) 7.408 Indirect/deemed interest (units) 509,289,013 Indirect/deemed interest (%) 11.111 Date of notice 25/11/2022
=============== Take note of disposal transaction by director
On behalf of the Board, UOBKH wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 22 November 2022 ("Approval Letter"), resolved to approve the listing and quotation for up to 916,728,447 Placement Shares to be issued pursuant to the Proposed Private Placement.
EDUSPEC = 3,046,287,361 (in progress of share consolidation and rights issue)
VSOLAR = 4,834,933,699 (in progress of share consolidation and rights issue)
ZENTECH = 2,425,297,326 (completed share consolidation and still above 2 BILLION shares)
================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue and thereafter continue with massive shares issuance to PP & ESOS in near future.
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
4,867 posts
Posted by whistlebower99 > 2021-12-15 09:35 | Report Abuse
FOR NEWBIES
Two penny stocks 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
=======================
Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES)