Bintai Kinden Corp Bhd has increased the size of its private placement to partly pay for its acquisition of medical engineering solutions provider Johnson Medical International Sdn Bhd (JMI). The placement will now comprise 191.0m shares or 50.0% of the group's share capital, and seeks to raise RM72.6m based on an indicative price of 38 sen per share. Under the revised shares placement, RM26.0m of the total proceeds will be used to partly pay for the JMI purchase. Another RM25.0m will be used for its Holistica Development project in Penang, while RM10.1 m will be set aside for working capital requirements. (The Edge)
Heavy drop, seems like there are having a chance to rebound soon. Bintai getting weak, Move to kanger. I can see vaccine wave is coming, next will logistic again, Just like last time. Kanger venture to East Malaysia. Population game winner.
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....
HaroldHuong
384 posts
Posted by HaroldHuong > 2021-04-13 14:18 | Report Abuse
Sell?