Permaju, through its subsidiary companies, is involved in the trading of motor vehicles, timber plantation, construction, and property development. ===================================================================== Can u tell me which business is doing good?
Wow make the retailers look so silly. Private placement investor already have 25% paper profit. Time to push up for pp investor to make more money. Just see how frequent these directors issuing shares to esos and private placement.
Smart move by directors to slowly release the pp shares (50,000,000) at such an attractive price 14cts.
Current market price 17.5cts. Instantly, SELECTED PP investor has paper gain of 3.5cts or 25% !!!
PROPOSED PRIVATE PLACEMENT OF UP TO 182,410,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 30% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")
Reference is made to the earlier announcements in relation to the Private Placement dated 10 February 2021 and 23 February 2021.
On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 50,000,000 Placement Shares at RM0.14 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 19.26% to the 5-day VWAP of the Shares up to and including 27 April 2021 of RM0.1734, being the last market day immediately preceding the Price-fixing Date. The Issue Price was fixed at such discount so that the Company can procure investors more easily, taking into account the prevailing market conditions.
Huhuhu....company secretary also throw in the towel. Don't expect too much. True lah, don't fall in love with any stock. Time to go, just keep moving forward.
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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....
Joe
1,476 posts
Posted by Joe > 2021-04-28 12:50 | Report Abuse
0.17 so many buyers