TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR THE "COMPANY") (I) PROPOSED ISSUANCE; AND (II) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 18 February 2022 (which was received after business hours at the end of that day), approved the listing and quotation of:-
(i) up to 555,555,556 Consideration Shares to be issued pursuant to the Proposed Issuance as part of the Purchase Consideration for the Acquisition; and
(ii) up to 771,036,000 Placement Shares to be issued pursuant to the Proposed Private Placement.
MORE FUND RAISING VIA SHARE ISSUANCE TO ESOS AND PP
Additional Listing Announcement /Subdivision of Shares TWL HOLDINGS BERHAD
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal ESOS Details of corporate proposal EMPLOYEES' SHARE OPTION SCHEME No. of shares issued under this corporate proposal 50,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0486 Par Value($$) (if applicable) Malaysian Ringgit (MYR) Latest issued share capital after the above corporate proposal in the following Units 2,640,120,217 Issued Share Capital ($$) Malaysian Ringgit (MYR) 267,377,704.590 Listing Date 09 Mar 2022 ============ MORE DILUTION OF SHAREHOLDERS EQUITY AND EPS NOSH KEEP INCREASING TOWARDS 3 BILLION SHARES SOON
2ND ROUND OF FUND RAISING VIA SHARE ISSUANCE TO ESOS AND PP
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal ESOS Details of corporate proposal EMPLOYEE'S SHARE OPTION SCHEME No. of shares issued under this corporate proposal 28,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0486 Par Value($$) (if applicable) Malaysian Ringgit (MYR) Latest issued share capital after the above corporate proposal in the following Units 2,668,120,217 Issued Share Capital ($$) Malaysian Ringgit (MYR) 270,135,704.590 Listing Date 10 Mar 2022
========================= 1. Substantial shareholder disposing Name MR GOH CHING MUN 1 14 Mar 2022 10,850,800 Disposed Direct Interest 2 15 Mar 2022 840,100 Disposed Direct Interest Disposal of Shares in open market Direct (units) 69,037,700 Direct (%) 2.588 Indirect/deemed interest (units) 159,973,400 Indirect/deemed interest (%) 5.996 Total no of securities after change 229,011,100 Date of notice 17 Mar 2022
========================== 2. Substantial shareholder (TWL is a director in TWL HOLDINGS BERHAD) acquiring Name DATO' TAN WEI LIAN 1 14 Mar 2022 10,550,000 Acquired Indirect Interest Name of registered holder TWL Capital Berhad Acquisition of Ordinary Shares through Open Market by TWL Capital Berhad Direct (units) 336,903,203 Direct (%) 12.627 Indirect/deemed interest (units) 166,790,025 Indirect/deemed interest (%) 6.251 Total no of securities after change 503,693,228 Date of notice 15 Mar 2022
Total shares issued to ESOS from 01 Jan 2022 - 25 Mar 2022 = 107,000,000 Issue price = 0.0486
Details of corporate proposal EMPLOYEES' SHARE OPTION SCHEME Issue price per share ($$) Malaysian Ringgit (MYR) 0.0486 Latest issued share capital after the above corporate proposal in the following Units 2,677,120,217
Good profit % for employee
=============== Dilution of shareholder equity % and EPS NOSH continue to move up towards 3 BILLION shares
Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) TWL HOLDINGS BERHAD
Particulars of substantial Securities Holder Name MR GOH CHING MUN 1 22 Mar 2022 829,500 Disposed Direct Interest 2 23 Mar 2022 9,308,400 Disposed Direct Interest Disposal of Shares in open market
Direct (units) 56,090,900 Direct (%) 2.095 Indirect/deemed interest (units) 159,973,400 Indirect/deemed interest (%) 5.976 Total no of securities after change 216,064,300 Date of notice 25 Mar 2022
Particulars of substantial Securities Holder Name DATO' TAN WEI LIAN 1 24 Mar 2022 2,846,000 Acquired Indirect Interest Name of registered holder TWL Capital Berhad Acquisition of Ordinary Shares through Open Market by TWL Capital Berhad
Direct (units) 336,903,203ce Direct (%) 12.585 Indirect/deemed interest (units) 169,636,025 Indirect/deemed interest (%) 6.337 Total no of securities after change 506,539,228 Date of notice 25 Mar 2022
===================== Price well supported at this level for one substantial shareholder to reduce shareholding and for another to increase
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR THE "COMPANY") PRIVATE PLACEMENT TWL HOLDINGS BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR THE "COMPANY") PRIVATE PLACEMENT (For consistency, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 27 January 2022 in relation to the Private Placement, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements in relation to the Private Placement dated 27 January 2022, 4 February 2022, 21 February 2022 and 24 March 2022.
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 29 March 2022 (“Price-fixing Date”) fixed the issue price for the placement of 75,000,000 Placement Shares, being the second tranche of the Private Placement, at RM0.0456 per Placement Share (“Issue Price”).
The Issue Price represents a discount of approximately 19.86% to the 5-day VWAP of the Shares up to and including 28 March 2022 of RM0.0569, being the last market day immediately preceding the Price-fixing Date.
Details of corporate proposal PRIVATE PLACEMENT OF UP TO 30% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES IN TWL HOLDINGS BERHAD ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 130,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0436 Latest issued share capital after the above corporate proposal in the following Units 2,807,120,217 Listing Date 31 Mar 2022
================ RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,101,480,437 NEW ORDINARY SHARES IN TIGER SYNERGY BERHAD ("TIGER" OR THE "COMPANY") ("TIGER SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.04 PER RIGHTS SHARE TOGETHER WITH UP TO 1,101,480,437 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS D") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS D FOR EVERY 4 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 9 SEPTEMBER 2021 ("RIGHTS ISSUE WITH WARRANTS")
===================== After recently concluded fund raising via rights issue, directors continue to raise more fund via shares issuance to PP and ESOS
This round private placement of 130,000,000 shares at 0.0436
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR THE "COMPANY") PRIVATE PLACEMENT
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 29 March 2022 (“Price-fixing Date”) fixed the issue price for the placement of 75,000,000 Placement Shares, being the second tranche of the Private Placement, at RM0.0456 per Placement Share (“Issue Price”).
================== Another 75,000,000 Placement Shares @ RM0.0456 to be listed very soon
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 31 March 2022 (“Price-fixing Date”) fixed the issue price for the placement of 65,000,000 Placement Shares, being the fourth tranche of the Private Placement, at RM0.0495 per Placement Share (“Issue Price”).
This announcement is dated 31 March 2022.
=========== Another 65,000,000 Placement Shares @ RM0.0495 to be listed very soon
1 TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) (“TWL” OR THE “COMPANY”) JOINT VENTURE BETWEEN TWL AND TATRA INVESTMENT LLC 1. INTRODUCTION The Board of Directors of TWL (“Board”) is pleased to announce that the Company had on 30 March 2022 entered into a memorandum of agreement with Tatra Investment LLC (“Tatra”) to formalise a strategic collaboration in relation to, amongst others, the procurement, import, supply, distribution, research, development, production and commercialization of medical, pharmaceutical and other healthcare related products in Malaysia and South East Asia (“Joint Venture”) (“MOA”). The Joint Venture shall be undertaken via a joint-venture company, Tatra TWL Medicare Sdn Bhd (“Tatra TWL Medicare”), which is 50% owned by TWL and 50% owned by Tatra. 2. BACKGROUND OF TATRA Tatra is an investment holding limited liability company incorporated in the United Arab Emirates. It is principally engaged in the investment and business of manufacturing, marketing and sale of products. Tatra is part of the prominent Al-Ghurair family and an investment platform under Mr. Marwan Al Ghurair
Memorandum of Understanding (MOU) Head of Agreement (HOA) Memorandum of Agreement (MOA)
Called differently but all the same as MOU
No need to be too excited with announcement
Volume and price spike looked more like rewarding long substantial shareholder to reduce his shareholding. Thank you to retailers seen coming to start chasing the price
Continue to monitor Quarterly report Directors plan to utilize company fund Directors plan to raise more fund via shares issuance to PP and Esos
Golden handshake.... ============= Changes in Sub. S-hldr's Int (Section 138 of CA 2016) TWL HOLDINGS BERHAD
Particulars of substantial Securities Holder Name MR GOH CHING MUN Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 31 Mar 2022 10,000,000 Disposed Direct Interest Name of registered holder Goh Ching Mun Description of "Others" Type of Transaction 2 01 Apr 2022 2,899,000 Disposed Direct Interest Name of registered holder Goh Ching Mun Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposal of Shares in open market Nature of interest Direct and Indirect Interest Direct (units) 17,000,000 Direct (%) 0.606 Indirect/deemed interest (units) 159,973,400 Indirect/deemed interest (%) 5.699 Total no of securities after change 176,973,400 Date of notice 04 Apr 2022 Date notice received by Listed Issuer 04 Apr 2022
TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR THE "COMPANY") PRIVATE PLACEMENT
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 5 April 2022 (“Price-fixing Date”) fixed the issue price for the placement of 50,000,000 Placement Shares, being the sixth tranche of the Private Placement, at RM0.0573 per Placement Share (“Issue Price”). https://www.klsescreener.com/v2/announcements/view/3529545
============== On behalf of the Board, Mercury Securities wishes to announce that the Board had on 4 April 2022 (“Price-fixing Date”) fixed the issue price for the placement of 214,000,000 Placement Shares, being the fifth tranche of the Private Placement, at RM0.0552 per Placement Share (“Issue Price”).
=============== On behalf of the Board, Mercury Securities wishes to announce that the Board had on 31 March 2022 (“Price-fixing Date”) fixed the issue price for the placement of 65,000,000 Placement Shares, being the fourth tranche of the Private Placement, at RM0.0495 per Placement Share (“Issue Price”).
=============== On behalf of the Board, Mercury Securities wishes to announce that the Board had on 30 March 2022 (“Price-fixing Date”) fixed the issue price for the placement of 65,000,000 Placement Shares, being the third tranche of the Private Placement, at RM0.0464 per Placement Share (“Issue Price”).
============= Be prepared for the listing of above 394 million shares coming soon.
After completion of recent fund raising via rights issue, directors continue with more fund raising via share issuance to PP More dilution to shareholder equity % and EPS NOSH = 2,807,120,217 will continue to rise toward 3 BILLION shares
================ Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
More fund raising after completion not rights issue recently. More share issuance to PP at attractive prices to selected lucky investors
============== 1. Details of corporate proposal PRIVATE PLACEMENT OF UP TO 30% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES IN TWL HOLDINGS BERHAD ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 75,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0456 Latest issued share capital after the above corporate proposal in the following Units 2,882,120,217 Listing Date 07 Apr 2022
2. Details of corporate proposal PRIVATE PLACEMENT OF UP TO 30% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES IN TWL HOLDINGS BERHAD ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 65,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0464 Latest issued share capital after the above corporate proposal in the following Units 2,947,120,217 Listing Date 07 Apr 2022
============== Be prepared for listing of more PP shares in coming days.
Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of substantial Securities Holder Name MR GOH CHING MUN 1 04 Apr 2022 3,000,000 Disposed Direct Interest 2 05 Apr 2022 4,000,000 Disposed Direct Interest Disposal of Shares in open market
Direct (units) 10,000,000 Direct (%) 0.332 Indirect/deemed interest (units) 159,973,400 Indirect/deemed interest (%) 5.311 Total no of securities after change 169,973,400 Date of notice 07 Apr 2022
=============== Main substantial shareholder continue to dispose to cash out at good price
Details of corporate proposal PRIVATE PLACEMENT OF UP TO 30% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES IN TWL HOLDINGS BERHAD ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 65,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0495 Latest issued share capital after the above corporate proposal in the following Units 3,012,120,217 Listing Date 08 Apr 2022
1. Details of corporate proposal PRIVATE PLACEMENT OF UP TO 30% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES IN TWL HOLDINGS BERHAD ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 214,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0552 Latest issued share capital after the above corporate proposal in the following Units 3,226,120,217 Listing Date 13 Apr 2022
2. Details of corporate proposal PRIVATE PLACEMENT OF UP TO 30% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES IN TWL HOLDINGS BERHAD ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal 50,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0573 Latest issued share capital after the above corporate proposal in the following Units 3,276,120,217 Listing Date 13 Apr 2022
=================== Handsome profits for selected lucky PP investors
Expect directors to raise more fund via shares issuance in coming days Latest NOSH = 3,276,120,217 will continue to rise towards 4 BILLION shares
================ Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR THE "COMPANY") PRIVATE PLACEMENT
On behalf of the Board, Mercury Securities wishes to announce that the Private Placement has been completed following the listing and quotation of 172,036,000 Placement Shares, being the seventh and final tranche of Placement Shares for the Private Placement, on the Main Market of Bursa Securities on 15 April 2022.
=============== Frequent fund raising by directors via share issuance PP finally completed with issuance of 172,036,000 shares
NOSH = 3,448,156,217 WD = 1,101,479,634
Loss making in 8 out of last 9 years
=================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Details of corporate proposal EMPLOYEES' SHARE OPTION SCHEME No. of shares issued under this corporate proposal 102,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0486 Latest issued share capital after the above corporate proposal in the following Units 3,550,156,217 Listing Date 21 Apr 2022 https://www.klsescreener.com/v2/announcements/view/3535085
================== Directors continue raise fund via shares issuance to ESOS and PP at low issue price
Employees and selected lucky PP investors can make instant profit if allotments are sold
Long term retail shareholder could only benefit when directors bring in profits from business operations
=================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR THE "COMPANY") PROPOSED ACQUISITION
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 10 May 2022, approved the listing and quotation of 166,047,088 Consideration Shares to be issued pursuant to the Proposed Acquisition.
=================== More shares issuance coming on the way More dilution of shareholders equity % and EPS NOSH continue to rise with shares issuance to RI, ESOS, PP and asset acquistion
NOSH = 3,550,156,217 WD = 1,101,479,634
Getting heavier with more shares issuance If warrants are fully converted, NOSH will exceed 4.5 BILLION shares
No. of shares issued under this corporate proposal 130,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0436 Listing Date 31 Mar 2022
No. of shares issued under this corporate proposal 75,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0456 Listing Date 07 Apr 2022
No. of shares issued under this corporate proposal 65,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0464 Listing Date 07 Apr 2022
No. of shares issued under this corporate proposal 65,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0495 Listing Date 08 Apr 2022
Types of corporate proposal Private Placement No. of shares issued under this corporate proposal 214,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0552 Listing Date 13 Apr 2022
No. of shares issued under this corporate proposal 50,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0573 Listing Date 13 Apr 2022
No. of shares issued under this corporate proposal 172,036,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0608 Listing Date 15 Apr 2022
================== Fund raising via share issuance to PP in 2022 until 15 Apr 2022 Total shares issued to PP = 771,036,000
Massive dilution to shareholders equity % and EPS Within 4 months of 2022, NOSH increased by (771,036,000 + 209,000,000) to 3,550,156,217 after completing Rights Issue in Sep 2021
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Another quarter of losses 11 quarter of losses in a row !!! Still a multi year loss making company
Directors continue to receive remuneration and payment
=============== 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....
sangjero
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I AM IN
Resistance
0.065
0.068
0.07
0.08
0.30
1.50
Uncharted Territory