those who believe they will push back and let retailers make money are too naive. this is con man counter. After consolidate will drop again. Trap everyone forever.
CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YONG TAI BERHAD ("YTB" OR "COMPANY") ("YTB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 1 AUGUST 2022 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 29 Jul 2022 Entitlement date 01 Aug 2022
================== Be informed of Shares consolidation 5 into 1
To be followed by following proposal at a later date :-
(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.
================== Current NOSH before shares consolidation = 1,427,473,691 PA = 17,171,353
YONGTAI-PA (ICPS) holders be informed of the following:-
ADJUSTMENTS TO THE CONVERSION PRICE AND CONVERSION RATIO OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YONG TAI BERHAD ("YTB" OR "COMPANY") ("ICPS") PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YTB ("YTB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 1 AUGUST 2022 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE")
Remarks : The conversion price of the ICPS and conversion ratio of the ICPS (for ICPS which are not converted into new Shares prior to the Entitlement Date) shall be adjusted pursuant to the Share Consolidation and in accordance with the provisions of the Company's Constitution ("Adjustments").
Pursuant to the Adjustments, the conversion price of ICPS will be adjusted from existing conversion price of RM0.80 each to RM4.00 each.
The conversion ratio of ICPS will be adjusted from existing conversion ratio of 1 ICPS for 1 new Share to 5 ICPS for 1 new Share. The adjustment will be effective on 2 August 2022, being the next market day following the Entitlement Date.
The notice setting out the details of the Adjustments will be issued and despatched to the ICPS Holders in due course.
Holders of ICPS who wish to be entitled to the Share Consolidation should convert their ICPS by lodging their duly completed ICPS conversion forms with the Share Registrar of Yong Tai Berhad (at the address stated above) on or before 5.00 p.m. on Wednesday, 20 July 2022 such that their names will appear in the Record of Depositors of the Company at 5.00 p.m. on the Entitlement Date.
Since they lack of revenue and potential... price need to consolidate because no way the price can drop further as this co is not really owned by those 50+ related companies...
After consolidation if continue without good profit, from 0.30+ still got more room to drop back towards 0.10+ territory... at least the co survive these few years ahead.. TAYOR..
CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YONG TAI BERHAD ("YTB" OR "COMPANY") ("YTB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 1 AUGUST 2022 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Kindly be advised of the following : 1) The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 29 Jul 2022 2) The last date of lodgment : 01 Aug 2022
there it comes.. whoever average cost are RM0.20 above, you will need yongtaik to hit RM1.00 now after consolidation. Current price at RM0.29 means it needs to at least limit up more than 2 times if you want to exit at cost.
MERIDIAN is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
Announcement dated 2 August 2022
=================== 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
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....
citadel888
532 posts
Posted by citadel888 > 2022-07-14 11:01 | Report Abuse
last year baru goreng to 0.2 , u guys still dreaming goreng again this year meh