@lanmun Iculs MAYBE a blessing only if you subscribe. But given how the share price moved from Jan to Jun 21, do you still have the confidence to subscribe to their ICULS? Maybe you have the info that I dont have. As a complete outsider, I am clueless what's going on in the company.
Hi guys, I'm wondering you guys reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.
Not a good sign of the proposal. Tipu orang masuk ke. Better don't play on counter with any fund raising including right issue and pp. Later you will regret and this kind of counter will go to Holland soon and not worth to hold.
@Lanmum becareful. Just now the shares were eaten up to 0.605 and then non stop selling down to 0.59. If it closes below 0.59, the candle is super ugly indicating a possible distribution.
Oh Nic, you are better than me. I'm chart blind ... Whatever I see is totally opposite. If YB goes sleep again, just keep keep lo. Hope next year can see the rewards
Yilai or YB cannot be guessed one la. Chart was nice from Thursday to Monday. Opened red and closed slight green. Everyone was waiting for breakout already. But today give you a shooting star with volume. DIE DIE DIE!
Not the first time already this operator traps people like this. They want to earn all the money themselves. Good company with positive prospect but don't want to let poor people like us earn the money together.
LEADING tiles manufacturer and information technology outfit YB Ventures Bhd (formerly Yi-Lai Bhd) is gearing up to make its maiden foray into the multi-billion ringgit renewable energy (RE) industry in Malaysia.
Towards this end, the group has formed a new wholly-owned subsidiary – YB Renewable Energy Sdn Bhd (YBRESB) – to undertake activities related to RE in Malaysia.
“The incorporation of YBRESB opens up a new range of possibilities to continue to diversify our business,” commented YB Ventures’ executive director Au Yee Boon.
“We are confident that this will be a key business segment to the group and we will continue to explore opportunities that add value and strengthen our presence in the RE sector.”
Au Yee Boon According to a Bursa Malaysia filing by YB Ventures yesterday (July 22), save for Au and Lee Boon Siong (fellow executive director) who are the promoters of YBRESB, none of the company’s directors and substantial shareholders have any interest, direct or indirect in the incorporation of the RE business.
“The board of directors of YB Ventures is of the opinion that the incorporation of YBRESB is in the best interest of the company,” the announcement pointed out.
Without divulging into details, Au said the management of YB Ventures is currently engaged in a few discussions that would potentially transform the company into a key player in the RE sector vis-à-vis the acquisition of earnings-accretive assets that will provide strong recurring income to the group.
Moving forward, Malaysia is expected to more than double its RE capacity from 6gw (gigawatt) to 14gw, rising from 18% to 30% of the generation mix.
While the overarching ambition of non-hydropower renewables reaching 20% of the energy mix by 2025 may be overly optimistic, it is clear that large-scale solar (LSS) investment remains a major technical and financial opportunity for Malaysia, according to Boston Consulting Group’s managing director and Southeast Asia leader (climate action) Dave Sivaprasad.
Solar photovoltaic (PV) has by far the highest technical potential in Malaysia, and is supported by mechanisms to promote affordability.
Malaysia allows installation of solar for self-consumption with its Net Energy Metering Programme (NEM) providing a pathway to self-generation with excess energy sold back into the grid.
“The nation’s LSS projects offer a successful pathway to utility-scale solar adoption,” added Sivaprasad.
YB Ventures closed 4.5 sen or 8.57% higher at 57 sen yesterday (July 22) with 1.55 million shares traded, thus valuing the company at RM137 mil. – July 23, 2021
Renounceable rights issue of up to RM48,523,305 nominal value of five (5)-year, 0.10%, irredeemable convertible unsecured loan stocks at 100% of the nominal value of RM0.04 each ("Rights ICULS") on the basis of five (5) Rights ICULS for every one (1) ordinary share in YB Ventures Berhad (formerly known as Yi-Lai Berhad) ("YBVB") held at 5.00 p.m. on 11 August 2021 ("Rights Issue") Amount 5.0000 : 1.0000
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Posted by NicholasNWH90 > 2021-06-11 16:20 | Report Abuse
@lanmun Iculs MAYBE a blessing only if you subscribe. But given how the share price moved from Jan to Jun 21, do you still have the confidence to subscribe to their ICULS? Maybe you have the info that I dont have. As a complete outsider, I am clueless what's going on in the company.