RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,055,337,076 NEW ORDINARY SHARES IN PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") ("PERMAJU SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 NOVEMBER 2021 ("RIGHTS ISSUE")
Rights issue price = 7sen Ex-Date 03 Nov 2021 Entitlement date 05 Nov 2021
Entitlement subject Important Relevant Dates for Renounceable Rights Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,055,337,076 NEW ORDINARY SHARES IN PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") ("PERMAJU SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 NOVEMBER 2021 Despatch Date 09 Nov 2021 Date for commencement of trading of rights 08 Nov 2021 Date for cessation of trading of rights 15 Nov 2021 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 29 Nov 2021 Last date and time for : Sale of provisional allotment of rights 12 Nov 2021 05:00 PM Transfer of provisional allotment of rights 16 Nov 2021 04:30 PM Acceptance and Payment 22 Nov 2021 05:00 PM Excess share application and payment 22 Nov 2021 05:00 PM Available/Listing Date 03 Dec 2021
Luckily Rights issue price = mother share price. So mother share price won't drop lar. Perhaps mother share will be goreng ed up in order to attract investors to subscribe to rights issue.
Hi Whistle99, im still quite confusing here, i read some article here and there, split shared and rights issue. So for now, if i dont take up the right issue, would my ordinary unit get slash or remain only?
For rights issue, you will get more if you subscribe for the rights share. For share split and bonus issue, you will automatically get more units. For shares consolidation, your original units will be slashed.
1) The above Company’s securities will be traded and quoted ““Ex- Right Issue” as from: 3 Nov 2021 2) The last date of lodgment : 5 Nov 2021 3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:- a) Selling Broker to deduct<1/2>, of Selling Price against the Selling Client b) Buying Broker to deduct <10%>, of Purchase Price against the Buying Client c) Between Broker and Broker, the deduction of <1/2>, of the Transacted Price is applicable.
Directors are responsible to ensure success of rights issue to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue.
Description : To approve the payment of Directors' Fees amounting to RM500,000.00 for the period from the 25th AGM up to the 26th AGM of the Company
Shareholder’s Action For Voting
==================================================== Directors continued to be paid well even though company recorded another year of losses and investors losing money due to weakness of stock price.
Date for commencement of trading of rights 08 Nov 2021 Date for cessation of trading of rights 15 Nov 2021
============================================== Going to be another lukewarm response to the OR like that of LAMBO, KANGER, PDZ meaning could be quoted at 0.005 seller quote unless the stock price can be supported at 8 or higher.
As it sounded rather unreasonable to me, I wud b very much appreciated if anybody can kindly share the rasionale behind for the rather heavy OR volume transacted today at 0.005; whilst the mother is traded at 0.07 or below?
By the way.... If there were to be any input of new project... Then this stock is going to fly high...lets wait for the surprise to come... Keep your fingers crossed....
apa project ada? early this yr until now, also cannot fly. company asking for money from u guys with lousy rights. and doesn't seem like got anybody want the rights. now the rights also closed already.
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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 > 2021-10-13 15:18 | Report Abuse
Be patient miracles are going to happen soon with Permaju..... Time to collect now...! Keep your fingers cross...