KHEE SAN BHD
KLSE (MYR): KHEESAN (6203)
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2,115 comment(s). Last comment by Balian de Ibelin 4 weeks ago
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CS Tan
4.9 / 5.0
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....
pang72
51,559 posts
Posted by pang72 > 2019-12-03 17:15 | Report Abuse
Khee San: Proposes private placement of 45.1% of the total enlarged shares to Mamee. Khee San proposes a private placement of 94m new ordinary shares in Khee San (KSB), representing approximately 45.11% of the total enlarged issued KSB shares to Mamee-Double Decker (M) SB at a subscription price of RM0.25 per share. Upon completion of Proposed Subscription, Mamee will emerge as the controlling shareholder of KSB with a shareholding of 45.11% of the total enlarged number of issued shares in KSB. Hence, Mamee is thereby obliged to extend a mandatory take-over offer for the remaining KSB Shares not already held by them in accordance with the Rule. The Proposed Rights Issue involves the issuance of 208.4m Rights Shares on the basis of 1 Rights Share for every 1 existing KSB Share held on the Entitlement Date after the completion of the Proposed Subscription. (Bursa Malaysia