I fully agree with you on this issue @ykloh. Some companies abuse this method of issuing new discounted shares and to make matter worse, the regulator now allow companies to issue up to 20% via PP. PP is always done with no transparency and we never know who are the subscribers and how they were selected, Existing shareholders should be given the first right of refusal for these new issues but instead they were completely kept in the dark. New discounted shares issued via PP will definitely have negative impacts on existing shareholders.
The new shares issued at 11.3 sen via PP will be traded from today. Imagine some one sold earlier at say 15 sen and then cover back the sold share via PP subscription at only 11.3 sen, you can made a profit of 32.7% with no risk and within a very short time! Very smart move!
Benalec Holding Directors’ Remuneration. The number of Directors (including a resigned Director) whose total remuneration falls within the following bands is as follows:-
No. of Directors - 6 RM50,001 to RM150,000 - 2 Independent Non-Executive Directors RM150,001 to RM300,000 - 2 Independent Non-Executive Directors RM300,001 to RM800,000 - 1 Executive Director RM8,000,001 to RM9,000,000 - 1 Company Group Executive Director Total Remuneration RM9,923,062
The Board is of the view that the transparency and accountability aspects of the MCCG 2017 as applicable to Directors’ remuneration are appropriately served by the “band disclosure” in accordance with the MMLR.
Coming soon our Ministry of plantation & commodities and Ministry of trade & industries will give approval for first MOU signed (biodiesel project) to pass and proceed 2nd MOU for the Definite Agreement btw Shanxi and Benalec. Step by step the process of Agreement before project start.
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....