0.055 sen sellers getting less as 0.05 buyers increase. Soon buyers may rushing to buy at 0.055, 0.06 so on but very much depending on the price of its mother shares.
OTHERS YB VENTURES BERHAD (FORMERLY KNOWN AS YI-LAI BERHAD) ("YB" OR THE "COMPANY") PROPOSED DISPOSAL OF LEASEHOLD LAND HELD UNDER PAJAKAN NEGERI 4478, LOT 409 SEKSYEN 32, BANDAR PETALING JAYA, DAERAH PETALING NEGERI SELANGOR MEASURING APPROXIMATELY 5772.3 SQUARE METRES BEARING POSTAL ADDRESS AT NO. 8 JALAN 241 46100 PETALING JAYA SELANGOR DARUL EHSAN BY YI-LAI INDUSTRY BERHAD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO GLASS & PLASTIC PACKAGING SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM15M
Reference is made to the announcements dated 23 December 2020, 24 December 2020, 28 December 2020, 22 April 2021, 23 July 2021 and 30 August 2021 made by YB.
The Board of Directors of YB wishes to announce that the SPA dated 22 December 2020 entered between YLIB and GPPSB has been completed on 10 September 2021. Accordingly, the Proposed Disposal is deemed completed.
YB divert to other business? They raised Rm48m + 15m(property sale) + cash in hand Rm42m (q1) + 29.9m ( investment) = Rm 134.9m =55cts/share, If plus other property & existing business, YB is worth much more than current value. Very much unfervalue stock.
'They' may be collecting the mother shares at lower price and holding the LA. Then after collected enough 'they' hit the buttons at both ends to make double profit.. kihkihkih...!
Most think rich people, more so those in shares dealing, are generous people since they got so much money, buying-selling shares at least in millions, so what is that of hundred or thousand to donate to those poor people... Sorry, no such thing.... go to earn yourself...!
Looking at the trend of today's trading, Monday may drop back to 7 or 6.5 sen. The mother shares too moved in such a way previous week to this week prior to its recovery on Tuesday and Wednesday.
This news very confusing, YB market cap is about Rm112m, PP & want to raise Rm146m, how many shares they want to issue, more than double the share size?
Company direction & focus should be on expanding business, not focus on how to issue & raise money from shareholders. Coz there are many company keep on issue rights, warrants & loan stock but business every year in red.
Present price is quite attractive as you buy 1 unit at RM0.415 then you get RM0.50 cash ? This is a net cash company but quite confuse this company is still go for ICULS. May be this new management has some plan or business venture is on the way .
@Investeye, can please elaborate what do you mean buy one unit at 41.5 sen get cash 50 sen? Very simulating but why the shares still stuck at 42 sen to 46 sen ?
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....
Surge
377 posts
Posted by Surge > 2021-09-10 12:31 | Report Abuse
This LA come with 0.1% interest.