Another batch of PP shares to be listed soon. Another 20% discounted price for PP ptoxy/crony. Just see whether operator will push up from here while many are still waiting to buy at 11, 11.5
Huhuhu....calling calling ah boi....time to average down.. PP price already fixed...time to fly...hopefully not to Holland..........double check with your jaga ya
(i) Renounceable rights issue of 936,309,855 new ICPS ("Rights ICPS") at an issue price of RM0.05 per Rights ICPS together with 93,630,984 free detachable warrants ("Warrants") on the basis of 10 Rights ICPS together with 1 free Warrant for every 2 existing ordinary shares in Permaju held by the entitled shareholders of Permaju ("Rights Issue of ICPS with Warrants"); and (ii) Settlement of debt owing to Tan Sri Datuk Chai Kin Kong and Dato' Chua Tiong Moon ("Settlement"). PERMAJU INDUSTRIES BERHAD
Kindly be advised that Permaju's:
i) 1,381,288,215 ICPS comprising:
a) 936,309,855 issued pursuant to the Rights Issue of ICPS with Warrants; and
b) 444,978,360 issued pursuant to the Settlement; and
ii) 93,630,984 Warrants issued pursuant to the Rights Issue of ICPS with Warrants
will be admitted to the Official List of Bursa Securities and the listing and quotation of the ICPS and Warrants on the Main Market will be granted with effect from 9.00 a.m., Friday, 21 August 2020.
Net cash raised from ICPS rights issue = 936,309,855 X 0.05 = RM46,815,492
AUGUST 2020
How do they spend the money......dig it out if your are keen to know
Good morning @BuffetOnWeed. Yes you are lucky to heed the early warning. Now just monitor how the operator will goreng it again. See next week how's the reaction. Wait longer, probably can buy below 10. Good luck ya.
Huhuhu..just hope the loyal jaga and ah boi don't lose their pants for having so much faith in the loss making company...lose face never mind but don't lose pants ya.
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Daren6419
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Posted by Daren6419 > 2021-05-27 11:59 | Report Abuse
I think not 100% bad. If not they won’t change the secretary