On behalf of the Board of Directors of Komarkcorp (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 817,817,238 new ordinary shares in Komarkcorp (“Komarkcorp Shares” or “Shares”) (“Rights Shares”) together with up to 272,605,746 free detachable warrants in Komarkcorp (“Warrants D”) on the basis of 3 Rights Shares together with 1 free Warrant D for every 3 existing Shares held by the entitled shareholders of Komarkcorp on an entitlement date to be determined (“Proposed Rights Issue with Warrants”)
Further details of the Proposed Rights Issue with Warrants are set out in the attachment below.
============================================= On behalf of the Board, TA Securities wishes to announce additional information in relation to the Proposed Rights Issue with Warrants as set out in the attachment below.
This announcement is dated 1 November 2021.
The illustrative issue price of RM0.08 per Rights Share represents a discount of approximately 13.61% to the TEAP of Komarkcorp Shares of RM0.0926, calculated based on the 5-day VWAP of Komarkcorp Shares up to and including the LPD of RM0.1093 and assuming an illustrative exercise price of RM0.08 per Warrant D. The illustrative exercise price of RM0.08 per Warrant D represents a discount of approximately 13.61% to the TEAP of Komarkcorp Shares of RM0.0926, calculated based on the 5-day VWAP of Komarkcorp Shares up to and including the LPD of RM0.1093 and assuming an illustrative issue price of RM0.08 per Rights Share. The illustrative exercise price of RM0.08 per Warrant D is based on the illustrative issue price of the Rights Shares.
KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") PROPOSED RIGHTS ISSUE WITH WARRANTS
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 5 November 2021, approved the listing and quotation of up to 817,817,238 Rights Shares and up to 272,605,746 Warrants D to be issued pursuant to the Proposed Rights Issue with Warrants.
This announcement is dated 5 November 2021.
================================== Approval from Bursa done. 1 step closer to implementation of rights issue.
3 Rights Shares together with 1 free Warrant D for every 3 existing Shares held by the entitled shareholders of Komarkcorp on an entitlement date to be determined
=================================== If you are holding the shares and do not sell before ex-date, you are entitled pour in more money to subscribe for the rights share at a fixed price.
KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") PROPOSED RIGHTS ISSUE WITH WARRANTS
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 5 November 2021, approved the following:
(a) admission to the Official List and listing and quotation of up to 272,605,746 Warrants D to be issued pursuant to the Proposed Rights Issue with Warrants;
(b) listing and quotation of up to 817,817,238 new Komarkcorp Shares to be issued pursuant to the Proposed Rights Issue with Warrants;
(c) listing and quotation of up to 272,605,746 new Komarkcorp Shares to be issued pursuant to the exercise of Warrants D;
(d) listing and quotation of up to 144,431,676 additional Warrants C arising from the adjustment made pursuant to the Proposed Rights Issue with Warrants; and
(e) listing and quotation of up to 144,431,676 new Komarkcorp Shares to be issued pursuant to the exercise of the additional Warrants C.
This announcement is dated 8 November 2021.
============================================ More listing and quotation of shares and warrants as a result of rights issue fund raising exercise.
More dilution of shareholder equity % and EPS Higher NOSH leading to more shares in the market
Directors are responsible to ensure success of rights issue exercise to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue shares.
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 817,817,238 NEW ORDINARY SHARES IN KOMARKCORP ("KOMARKCORP SHARES" OR "SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 272,605,746 FREE DETACHABLE WARRANTS IN KOMARKCORP ("WARRANTS D") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT D FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF KOMARKCORP ON AN ENTITLEMENT DATE TO BE DETERMINED AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
The illustrative issue price of RM0.08 per Rights Share represents a discount of approximately 11.60% to the TEAP of Komarkcorp Shares of RM0.0905, calculated based on the 5-day VWAP of Komarkcorp Shares up to and including the LPD of RM0.1045 and assuming an illustrative exercise price of RM0.08 per Warrant D.
The illustrative exercise price of RM0.08 per Warrant D represents a discount of approximately 11.60% to the TEAP of Komarkcorp Shares of RM0.0905, calculated based on the 5-day VWAP of Komarkcorp Shares up to and including the LPD of RM0.1045 and assuming an illustrative issue price of RM0.08 per Rights Share. The illustrative exercise price of RM0.08 per Warrant D is based on the illustrative issue price of the Rights Shares.
======================== Directors working hard to get the fund raising exercise going.
Get your money ready if you intend to donate to the fund raising
3 rights share with 1 free warrant for every 3 existing shares (indicate price 8 per share)
lol, go read the whole document last qr rugi till mom also not recognise that why this qr number show little green lol, the strong qr for me is 1000% above and last qr profit also green not red
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD
1 06 Dec 2021 2,473,500
Name of registered holder KEY ALLIANCE GROUP BERHAD
Direct (units) 92,956,000 Direct (%) 16.101 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 92,956,000 Date of notice 08 Dec 2021 Date notice received by Listed Issuer 08 Dec 2021
===== KGROUP continue to utilize company fund to increase stake in KOMARK.
New trend emerging in BURSA. Penny stocks investing / speculating in other penny stocks.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD
1 16 Dec 2021 1,958,500 Acquired Direct Interest
Name of registered holder KEY ALLIANCE GROUP BERHAD Acquisition of 1,958,500 shares from open market
Direct (units) 94,914,500 Direct (%) 16.44 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 94,914,500 Date of notice 20 Dec 2021 Date notice received by Listed Issuer 20 Dec 2021
==================== Expect possibility of more fund raising by directors via shares issuance to ESOS, PP
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD
1 17 Dec 2021 971,300 Acquired Direct Interest Name of registered holder KEY ALLIANCE GROUP BERHAD
Acquisition of 971,300 shares from open market
Direct (units) 95,885,800 Direct (%) 16.608 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 95,885,800 Date of notice 21 Dec 2021
================ Expect directors to raise more fund by issuing new shares to ESOS and private placement.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD
1 27 Dec 2021 828,300 Acquired Direct Interest Name of registered holder KEY ALLIANCE GROUP BERHAD
Direct (units) 96,714,100 Direct (%) 16.752 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 96,714,100 Date of notice 29 Dec 2021
=========== Directors continue to utilize company to invest /speculate on other penny stock Will there be more fund raising activities via shares issuance?
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) KOMARKCORP BERHAD
Particulars of substantial Securities Holder Name KEY ALLIANCE GROUP BERHAD
1 29 Dec 2021 494,000 Acquired Direct Interest
Name of registered holder KEY ALLIANCE GROUP BERHAD
Acquisition of shares via open market transaction
Direct (units) 99,219,400 Direct (%) 17.186 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 99,219,400 Date of notice 31 Dec 2021
========================= KGROUP continue to utilise company fund to invest/speculate on KOMARK
Possibility of directors to raise more fund via shares issuance when company fund is low
Hmmm….funny. Every stock u view in i3, people shout scam. All negative, trade with caution…blah blab blab… So why people play the market ? Best is put your excess cash in FD. Profit little but sure drown with d creeping inflation. If consider stock markets…win, lose that’s the name of the game..
hello potential... all your potential reach tp.... tak boleh pakai lah...better keep all these potential reach tp... to yourself. hari hari you keep telling us potential reach tp...
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....
JohnFook
569 posts
Posted by JohnFook > 2021-10-27 00:52 | Report Abuse
Avoid .....dun ever go in ...