KUALA LUMPUR (Aug 20): Hubline Bhd and MISC Maritime Services Sdn Bhd (MMS) are exploring a potential collaboration in the port and terminal management and operations space, as well as related marine services segment in Sarawak.
In a filing, Hubline said it has today inked a memorandum of understanding (MoU) with MMS on the matter.
MMS is the port management and maritime services outfit that is 100%-owned by Petronas-linked MISC Bhd.
“Hubline is desirous to expand into the oil and gas (O&G) infrastructure development activities in Sarawak, to complement its existing business activities,” Hubline said.
“This includes the provision of port and terminal management and operations and related marine services.
“MMS and Hubline wishes to explore a potential collaboration in the port and terminal management and operations and related marine services segment in Sarawak,” it added.
According to Hubline’s annual report, the Sarawak-based outfit is principally involved in two business segments, namely barge logistics and flying academy and aviation logistics.
Shares of Hubline closed unchanged at 4 sen on Friday, valuing the shipping group at RM170.8 million.
PRIVATE PLACEMENT OF UP TO 10.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF HUBLINE
No. of shares issued under this corporate proposal 19,932,031 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0355 Latest issued share capital after the above corporate proposal in the following Units 4,289,965,177 Listing Date 09 Sep 2021
============================= Total issued shares = 4,289,965,177 WC = 944,837,534 if fully converted, total issued shares exceeded 5 BILLION shares
Changes in Director's Interest (Section 219 of CA 2016) HUBLINE BERHAD
Information Compiled By KLSE
Particulars of Director Name DATO RICHARD WEE LIANG HUAT @ RICHARD WEE LIANG CHIAT
1 03/01/2022 25,500,000 Disposed Deemed Interest Name of registered holder BNDM Incorporated Holdings Sdn. Bhd.
Consideration (if any) RM0.040 per share
Disposal of 25,500,000 Ordinary Shares in Hubline Berhad off market by BNDM Incorporated Holdings Sdn. Bhd. Deemed Interest by virtue of Dato Richard Wee Liang Huat @ Richard Wee Liang Chiat's shareholding in BNDM Incorporated Holdings Sdn. Bhd. pursuant to Section 8(4) of the Companies Act 2016.
Total no of securities after change Direct (units) 72,000 Direct (%) 0.002 Indirect/deemed interest (units) 1,160,900,549 Indirect/deemed interest (%) 27.061 Date of notice 03/01/2022
=================== Disposal of shares by BNDM related to director
Changes in Director's Interest (Section 219 of CA 2016) Particulars of Director Name DATO RICHARD WEE LIANG HUAT @ RICHARD WEE LIANG CHIAT
1 28/03/2022 16,600,000 Disposed Deemed Interest Name of registered holder BNDM Incorporated Holdings Sdn. Bhd. Consideration (if any) RM0.040 per share
Disposal of 16,600,000 Ordinary Shares in Hubline Berhad off market by BNDM Incorporated Holdings Sdn. Bhd. Deemed Interest by virtue of Dato Richard Wee Liang Huat @ Richard Wee Liang Chiat's shareholding in BNDM Incorporated Holdings Sdn. Bhd. pursuant to Section 8(4) of the Companies Act 2016.
Direct (units) 72,000 Direct (%) 0.002 Indirect/deemed interest (units) 1,110,200,549 Indirect/deemed interest (%) 25.879 Date of notice 28/03/2022
VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS This announcement is dated 8 April 2022.
================= Another loss making high NOSH penny stock going shares consolidation and fund raising rights issue exercise.
Some stocks that had consolidated are pasukgb, pdz, lambo, trive, kanger, sanichi, pworth, etc
Those in the process are Ages, Mtronic, Digistar and Vsolar
=================== Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES)
Best and safest to avoid penny stocks with multi-billion issued shares. Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants
Latest penny stocks to propose shares consolidation are FAST & YONGTAI while AGES, MTRONIC & DIGISTA had just completed the exercise or on-going.
Other high NOSH penny stocks that had undergone shares consolidation include pasukgb, pdz, kanger, lambo, sanichi, mtouche, netx, mlab, trive.......etc
Be aware of the risk of trading penny stock with high NOSH multi BILLION issued shares or multi-year losses with directors frequently raising fund via shares issuance to RI, PP and ESOS.
Directors have power to propose shares consolidation and rights issue with free warrants to continue with fund raising exercise
================ Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
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....
Posted by Alibaba > 2021-07-06 17:55 | Report Abuse
I'm really fed up with this counter.