spider68 During the last AGM did anyone requested for explanations in rgd to questionable decisions made by the board?
no need ask la.. no matter how good ur questions are, directors are just puppet to real syndicates controlling behind. hence, thats why they using tang kang boon to sapu the rights issue coming up later to avoid few stuffs under the 'radar'. if u not much loss, better run. ok lemme rephrase, if im not losing much, ill run. unless don mind letting ur money jail for few years.
The director Ms Chai has emerged as substantial shareholders for Kanger
Particulars of Substantial Securities Holder Name MISS CHAI WOON YUN Date interest acquired 23 Sep 2021 No of securities 416,700,000 Circumstances by reason of which Securities Holder has interest Subscription of Right Issue
Total no of securities after change Direct (units) 416,700,000 Direct (%) 9.268 Date of notice 04 Oct 2021
====================================== Interesting to see what is her next step.
Permaju Industries Berhad ("Permaju" or "the Company") - Notice of Extraordinary General Meeting Date of Meeting 21 Oct 2021 Time 11:00 AM
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,055,337,076 NEW ORDINARY SHARES IN THE COMPANY ("PERMAJU SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED
============== Rights issue on the way very soon.
Get your money ready if you are contributing to directors fund raising exercise.
So permaju price will drop to the historical lowest point. Do you guys think the company will go bankruptcy? Or if hold long enough, we will earn more in future.?
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,055,337,076 NEW ORDINARY SHARES IN THE COMPANY ("PERMAJU SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED RIGHTS ISSUE")
Posted by jazzkhor > Oct 7, 2021 12:31 AM | Report Abuse
Whistle99 is the right issue means they will open to buy 1:1 at a discount rate? Or existing share example 50,000 auto become 100,000?
======================================== You have to fill in the form to apply for the rights issue 1:1. The price will be fixed later and it is indicated around 7sen per share
You will still have 100k units if you don't want to take up the rights shares. You can sell the OR if there are buyers when the OR is listed for trading for 5 days.
3rd july 2020 at the lowest point at 0.08 in 4th sept 2020 highest at 0.44. hopefully now it break the lowest again, and in 2 month will beyond 0.44. XD
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Posted by whistlebower99 > 2021-09-08 16:10 | Report Abuse
Expect directors to issue more announcement, MOUs and exciting news to attract more newcomers to the stock.
Operator will also do right hand to left hand to get new batch of victims
Retailers taking profit whenever price move up.