China current market was ridiculous high compare London Metal Exchange(LME) at Closing last week of RMB3,565 Equivalent USD526/ Ton
However, LME price was recently spike up fast from June closing USD427 to 14/07/17 USD458. Within 2 weeks up 7.26%.The price will look to maintain high for the next 3 months.
Difinitely, Most of contruction company in Malaysia will "Panic buying" for the past one month if they want to buy at cheaper price.
Masteel will sure maintain their selling price same or higher than 1Q 2017 their highest selling price for the past 4 years.
We refer to the announcements dated 25 May 2017, 26 May 2017 and 9 June 2017 in relation to the Proposed Private Placement (“Announcement”). Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
Further to the Announcement, on behalf of the Board of Directors of Masteel, RHB Investment Bank Berhad wishes to announce that the Company had on 17 July 2017 entered into a conditional share subscription agreement (“Subscription Agreement”) with Macquarie Bank Limited (“Investor”) in relation to the issuance and allotment of up to 24,300,000 Placement Shares to the Investor in accordance with the terms and conditions of the Subscription Agreement.
Further details on the Subscription Agreement are set out in the attachment below.
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....
lisac8011
23 posts
Posted by lisac8011 > 2017-07-10 11:50 | Report Abuse
Terrible.. <1.0 now.