O n 10 M arc h 20 2 1, 8 2, 0 00 ,0 0 0 s har es wer e is s ue d b as e d on th e is s ue pr ic e f or th e firs t tra nc he o f t h e pri v at e p lac e me n t a t RM 0. 0 6 per p l ac e m en t s h ar e.
O n 5 J u ly 2 0 21 , Bu rs a S ec ur it i es has a pp rov e d t he Co m pa ny ’s ap p l ic a t io n for a n ex te ns i on o f t i me o f 6 m on t hs u nt i l 1 4 J a n uar y 2 0 22 for th e C om p any t o c o m pl et e t he im p l em e nt at i o n of t h e Pr iv at e P l ac e me n t
ops sorry about that....copied paste direct from the pdf
anyway seems the first trance was done.... price is now above PP cost of 0.06
On behalf of the Board, Mercury Securities wishes to announce that the extension of time of up to 14 January 2022 approved by Bursa Securities to complete the implementation of the Private Placement has lapsed on 14 January 2022. Thus, the Private Placement is deemed completed on even date. Pursuant to the Private Placement, the Company has issued a total of 82,000,000 Placement Shares.
Students enter college because of the lifestyle in the college. If the college is close or the lifestyle university is gone due to studies via ms team or skype. Why waste money for a piece of paper from a private school?
MINDA GLOBAL BERHAD ("MINDA GLOBAL" OR THE "COMPANY") (I) PROPOSED ACQUISITION; AND (II) PROPOSED SGS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
......... UOC Sdn Bhd (Purchaser), Persada Mewah Sdn Bhd (Vendor) and the Company had entered into a conditional sale and purchase agreement for the proposed acquisition of the land held under Geran 340365, Lot 120232, Bandar Cyberjaya, District of Sepang, Selangor Darul Ehsan and the buildings erected thereon for a total purchase consideration of RM180.0 million (“Proposed Acquisition”).
..... proposed establishment and implementation of the share grant scheme (“SGS”) involving up to 15% of the total number of issued shares of the Company (excluding treasury shares) for eligible directors and employees of Minda Global and its subsidiaries (excluding dormant subsidiaries) (“Proposed SGS”).
Please refer to the attachment for further details on the Proposals.
=============== Acquisition of land (180 million) - 155 million cash (140 million bank borrowing), 25 million in shares issuance of 357,142,857 at an issue price of RM0.07 per share
Massive bank borrowing of 140 millon !!! Massive issuance of shares 357,142,857
================ In near future, possibility of directors to raise fund via shares issuance to PP, ESOS or RI when faced with difficulty to service bank borrowing
================ With implementation of share grant scheme (15%), NOSH will be close to 2 BILLION shares resulting in dilution of shareholding equity % and EPS
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
clement hii should inject profitable student hostels into minda as well,.......why not included in this deal,.......he will ultimately take control of minda,........he is good in running education business, like segi doing very well,.......
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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....
ihciem
15 posts
Posted by ihciem > 2021-07-13 13:39 | Report Abuse
This MINDA downtrend...how to go higher? disappointing