Only 50 million out of 182 million PP shares listed. Could be generous directors want to set lower offer price for the remain PP shares so that PP investors can make more profit when the price can be easily pushed to 20 - 25. Got reward one leh.
Who are the lucky PP investors specially selected by the directors?
Posted by GorengGroupFB > May 3, 2021 1:09 PM | Report Abuse
We knew Hardie is a Chai Family proxy. Be prepared for many private placements, SIS and ESOS ahead. Syndicate has planted 1 Chai surname director.
FYI only, I saw it in Facebook, more news about the syndicate inside. XOX has ended up as warrent buffet in the following stocks 1. Spent RM2.6M to buy M3Tech @ 0.036 average price, now price is 0.05 2. Spent a whoping RM22M to buy MACPIE @ 0.47, now price is 0.08 3. Spent RM39M to buy NEXION technology @ 0.33, now price is 0.23 4. Spent RM30M to buy DGB @ 0.12, now price is 0.06 5. Spent RM44.6M to buy CHeetah@ 1.32, when market price is only 0.30 Total cash spent on buying penny dormant company stocks RM130M BURNT, and channel into pocket. Isn't that brilliant idea?
KUALA LUMPUR (Feb 10): Permaju Industries Bhd today entered into a conditional share sale agreement with Chai Kim Chong to acquire 600,000 ordinary shares in Hardie Development Sdn Bhd representing 30% equity interest for RM21.8 million.
Hardie is an existing 70%-owned subsidiary of Permaju.
In a filing with Bursa Malaysia today, Permaju has also proposed to undertake a private placement of up to 182,410,000 new ordinary shares representing 30% of its existing total number of issued shares to independent third-party investors to be identified later.
Permaju said Hardie is a property developer currently developing the Princess Heights Project in Sabah and upon completion of the acquisition, Hardie will become a wholly-owned subsidiary of the company.
“Thus, the acquisition will allow us to fully consolidate its interest in Hardie. In turn, this allows the company to derive all the future benefits that may be accrued from the ongoing development of the Princess Heights Project which is expected to enhance the future profitability and cash flow of the group,” it said.
Meanwhile, the proceeds raised from the proposed private placement will be utilised mainly for the settlement of the purchase consideration.
Upon completion of the proposed private placement, the enlarged capital base is also expected to further strengthen the financial position of the company, it said.
Moving forward, Permaju intends to focus on the development of the Princess Heights Project and the launch of its luxury car rental business as part of its effort to continuously enhance its business performance, maximise shareholders’ value and improve its financial position.
Wah like that ka looiks? Duit sudah locked la like that. Really kena trap. Lucky my circle all washed our hand frm that stock. Really kesian la looiks.
PP at 0.14 and price at 0.16...use head think also know smtg is not right. if u are the PP, will u invest at a price thats near retailers? HAHAHAHAHAHAHAHA This PP is for directors to earn quick bucks from retailers. fact.
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....
5c0160
1,763 posts
Posted by 5c0160 > 2021-05-05 21:40 | Report Abuse
Con counter, investigate by bursa. 0.10 soon.