The company said the fund raised from this issuance, which would range from RM25 million to RM111.3 million, would be mainly used to undertake three affordable housing development projects under the Rumah Selangorku scheme, comprising a total of 2,600 housing units, with a total gross development value of RM624 million.
3 project with total GDV of RM624m under the Rumah Selangorku scheme, time for TWL to move up !
As long more & more quality project are coming into TWL, then got chance to gain back trust la. Even the directors are going to oversubscribe, relax relax.. patience will be rewarded..
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) TWL HOLDINGS BERHAD
Particulars of substantial Securities Holder Name TWL CAPITAL BERHAD 1 05 May 2023 31,216,000 Acquired Direct Interest Name of registered holder TWL Capital Berhad
2 09 May 2023 2,142,000 Acquired Indirect Interest Name of registered holder Dato' Tan Wei Lian
1. Acquisition of Ordinary Shares via Direct Business Transaction. 2. Acquisition of Ordinary Shares through Open Market by Dato' Tan Wei Lian.
Boss subscribe more RCULS. Boss collect more money from the subscription of RCULS and control the money in company fund.
Boss not good in making money for company and shareholders Boss can use more money to sustain the losses and get paid even when company making multi year losses
Investors A had 300,000 units of TWL at the costs of RM0.04. Subsequently, the investor decided to subscribe fully to the rights issue at a costs per RCULS at RM0.02, resulting in investor A holding another 300,000 units of TWL-RCULS.
With the subscription, investor A is also entitled for 60,000 units of free Warrants E together.
Taking the straight-line method, the average costs per TWL of the investor should be RM0.035 upon full conversion of the RCULS.
Method A:
(300,000 units * RM0.04) + (300,000 units * RM0.03) = 600,000 units @ RM0.035 per share
Method B:
(300,000 units * RM0.04) + (200,000 units * RM0.02) = 500,000 units @ RM0.032 per share
Given the TEAP of TWL is RM0.0479 according to the announcement, a discount to RM0.04 (worse case scenario) still governs a profit of 14% to 25%. This is excluding the fact that investor A still had 60,000 units of free Warrant E with nominal value of RM0.010 (RM0.04 market value – RM0.03 conversion price).
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
jaywalker
58 posts
Posted by jaywalker > 2023-05-02 15:02 | Report Abuse
rumors floating around that someone collecting quietly .......