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
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
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.
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
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
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I AM IN
Resistance
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0.30
1.50
Uncharted Territory