won't have show anymore until details announced. Previously press down for partners, friends, family to collect cheap tickets. if push too high these people will already take profit instead of waiting until the consolidation happens.
Yong Tai Bhd is undertaking multiple corporate exercises in order to strengthen its equity base and balance sheet to tap on the post-Covid-19 recovery.
In a filing to Bursa Malaysia today, the property developer said the corporate exercises consisted of share consolidation, bonus issue of warrants and debt settlements.
Yong Tai has proposed a share consolidation of every five shares into one share and a bonus issue of up to 103.09 million free warrants on the basis of one warrant for every four consolidated shares.
whatever may be the negative views/comments on the scheme but it an exciting proposal /scheme.... not many people can see value on the proposal/scheme.......patient is virtue...
everytime u come out and give the support & resistance price, it goes down by few bids. never up. you are the operator? how low you going to press down? why cannot push back to 0.30 so people can cashout their hard earned money? no karma is it trapping all retail investors money?
i think what he said kind of make sense. notice every time you said support 0.11, then it dropped to 0.11, when you said support 0.09, it dropped to 0.09, when you said 0.06 and 0.07, it dropped to 0.0.6. WOW. on hindsight. i think he is right!
(I) PROPOSED CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YTB ("YTB SHARE(S)" OR "SHARES(S)") INTO 1 YTB SHARE ("CONSOLIDATED SHARE(S)") HELD BY THE ENTITLED SHAREHOLDERS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER;
(II) PROPOSED BONUS ISSUE OF UP TO 103,098,378 FREE WARRANTS IN YTB ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 4 CONSOLIDATED SHARES HELD BY THE ENTITLED SHAREHOLDERS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER; AND
(III) PROPOSED SETTLEMENT OF AN AGGREGATE AMOUNT OF RM46,000,000 DEBT OWING TO CREDITORS BY THE COMPANY AND/OR ITS SUBSIDIARIES, VIA THE ISSUANCE OF 92,000,000 NEW YTB SHARES.
================= Share consolidation to be implemented very soon
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....