This private placement already announced on 2 Nov. Today's announcement is tell that the shares will be listed tomorrow. Nothing new, nothing to get excited about
Usually for private placements, there is a gentleman agreement for the subscriber not to throw the shares. There may even an agreement for the major shareholder to buy the shares at pre-determined time and/or date
Any possibility of Tan Boon Seng to emerge as substantial shareholder after PP? He made tonne of money not long ago which is enough to enable him to subscribe for the PP. If so, He would be one the nominee of the director.
If the placee is a singular person or a singular entity, there should be a S139 announcement soon as the additional shares would constitute 9.02% (37,528,895/416,123,845). If there is no S139 announcement then .........
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....
kasiUP
17 posts
Posted by kasiUP > 2018-11-12 11:51 | Report Abuse
hebat la u palmgirl. clap clap