Interesting to see the subscription rate of the rights shares on 29 Nov. QR should be due by this month too if no lockdown delay. Expect another quarterly losses, one of which from investment in other penny stocks.
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 price = 0.07 Ex-Date 03 Nov 2021 Ex-date price = 0.07
--------------------------- Trading of OR from 8 Nov - 12 Nov 2021 (COMPLETED) OR price = 0.005 seller quote
------------------------------ Acceptance and Payment 22 Nov 2021 05:00 PM (COMPLETED) Excess share application and payment 22 Nov 2021 05:00 PM
Stock price = 0.065
------------------------------- Date for announcement of final subscription result and basis of allotment of excess Rights Securities 29 Nov 2021
Available/Listing Date 03 Dec 2021
========================================
Today is announcement of final subscription result
Final subscription result and basis of allotment of excess Rights Securities
On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the Rights Shares at 5.00 p.m. on 22 November 2021, the Company had received valid acceptances and excess applications for a total of 959,813,224 Rights Shares, representing 99.95% subscription of the total number of Rights Shares available for subscription under the Rights Issue.
No. of Rights shares % of total issue Total valid acceptances 55,797,276 5.81 Total valid excess applications 904,015,948 94.14 Total valid acceptances and excess applications 959,813,224 99.95 Total Rights Shares available for subscription 960,272,695 100.00 Not subscribed for 459,471 0.05
The total number of excess Rights Shares available for allocation was 904,475,419. In view that the total number of excess Rights Shares applied for was 904,015,948, the Board has decided to allot the excess Rights Shares to all the entitled shareholders and/or their renouncee(s) and/or transferee(s) who have applied for the excess Rights Shares in full.
The Right Shares are expected to be listed on the Main Market of Bursa Securities on 3 December 2021.
Details of corporate proposal 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
No. of shares issued under this corporate proposal 959,813,224 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0700 Latest issued share capital after the above corporate proposal in the following Units 1,922,063,077 Issued Share Capital ($$) Malaysian Ringgit (MYR) 439,166,993.240 Listing Date 06 Dec 2021
====================== Be aware that operators will release the rights shares to market retailers to free up the fund used in excess rights shares subscription.
Operators might have a way to make profit even if price continues to fall. Think about it.
Do not waste money, just avoid this counter own by kon fintec group loh!
VERY VERY IMPORTANT WARNING MAH!
Dishonest scenery is a dishonest agent of kon fintec syndicate mah!
Be very careful of Scenery....he is all out to kon u mah!
Posted by scenery > Dec 3, 2021 4:59 PM | Report Abuse
WARNING:
stockraider aka whistlebower99 aka thehoff spamming all penny stocks here n in FB GorengGroupFB. He non stop since early 2021 days n nights, working very hard for syndicates to collect at low n causes all penny stock lost above 5000% - 10000%
He use company PP to spam down price even after those have alredi consolidated n RI, until they fall below consol price. Ridiculous. This conman has caused millions of people losing huge by pretending to help newbies.
Particulars of Substantial Securities Holder Name VSOLAR GROUP BERHAD
Date interest acquired 30 Nov 2021 No of securities 320,000,000 Subscription of Rights Shares via CubeTech Asia Sdn. Bhd., a wholly-owned Subsidiary.
Total no of securities after change Direct (units) 0 Direct (%) 0 Indirect/deemed interest (units) 320,000,000 Indirect/deemed interest (%) 16.649 Date of notice 06 Dec 2021
========= VSOLAR, a penny stock supporting another penny stock fund raising exercise.
On behalf of the Board, Mercury Securities wishes to announce that the Rights Issue has been completed following the listing and quotation of 959,813,224 Rights Shares on the Main Market of Bursa Securities today. This announcement is dated 6 December 2021.
================== Total amount raised from rights issue = 959,813,224 X 0.07 = RM67,186,256
Very successful fund raising by directors even though price was trading below rights issue price
Company fund increased by 67 mil of which about 22.5 mil contributed by VSOLAR
Monday, 6 Dec 2021 5:26PM PERMAJU NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) 5:12PM PERMAJU VSOLAR GROUP BERHAD (320,000,000 units Acquired) 5:12PM PERMAJU CUBETECH ASIA SDN. BHD. (320,000,000 units Acquired)
21-Oct-2021 03-Nov-2021 RIGHTS_ISSUE Rights Issue 1.0000 : 1.0000 19-Jun-2020 13-Jul-2020 RIGHTS_ISSUE Rights Issue 10.0000 : 2.0000 15-May-2000 26-Jun-2000 DIVIDEND First and Final Dividend 8%
7080 PERMAJU PERMAJU INDUSTRIES BHD Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Rights Issue Details of corporate proposal : 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 No. of shares issued under this corporate proposal : 959,813,224 Issue price per share ($$) : 0.0700 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 1,922,063,077 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 439,166,993.240 Listing Date : 06/12/2021 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
THE CON SPAMMERS ARE FLOODING IN THE COUNTER FORUM TO CREATE FEAR AND SUGGESTING INVESTORS TO SELL THE SHARES...
stockraider a.k.a wistlebower99 lately seems VERY ACTIVE in a number of counter forum. Also noted others such as JKPTR a.k.a Gtrade, BILLC and others...
THE MOST POSSIBLE SCENARIO IS THEY STILL TRYING TO PRESSURE THE SHARE PRICE DOWN!!!
Permaju boleh terbangkah? Ada berita lanjutan kot? :)
Permaju to develop high-rise housing project worth RM2.4 ... 16 Jul 2020 — Permaju Industries Bhd will undertake the development of a high-rise housing project in Seri Kembangan/Serdang for a reputable developer.
https://www.theedgemarkets.com › ... Permaju, Vsolar team up to bid for RM217m large-scale ... 1 Sept 2020 — Permaju Industries Bhd has teamed up with Vsolar Group Bhd for a RM217 million large-scale solar power project
----------------------------------- Total valid excess applications 904,015,948 94.14
Meaning about 600 million shares could be held by several operators accounts, (each account below 5% substantial shareholding threshold to avoid disclosure)
===================
Beware that the excess shares of 600 million could be release to market gradually to unlock their money used for the excess rights shares application
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....
koyokui
1,901 posts
Posted by koyokui > 2021-11-19 08:35 | Report Abuse
Permaju somebody exercise at .22. Buy