yes, one can convert to mother share using 1 ICPS +20 sen . If u have 5 icps, u can use yr 5 icps to convert into 1 mother share OR u can use yr 5 icps to convert into 5 mother share but u will have to pay rm1.00
Permaju operates in four business segments namely; Timber segment comprises of sale of timber logs and related timber products and holding of timber concession and tree plantation
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The Board of Directors of Permaju is pleased to announce that on 1 September 2020, Genbayu Gemilang Sdn. Bhd. (“GGSB”) [Registration No. 200801040276 (841627-X)], a wholly-owned subsidiary of the Company entered into a Joint Venture Agreement (“JV Agreement”) with Vsolar Group Berhad (“Vsolar”) [Registration No. 200301029575 (631995-T)], to regulate their relationship inter se as shareholders of Cubetech Asia Sdn Bhd (“CASB”) [Registration No. 200401036596 (675107-T)] in respect of the joint venture to undertake a project in the event that CASB is successful in such bid.
Further details of the Joint Venture Agreement are set out in the attachment.
jaynetan, see back previews price and how the price drop. there got mention boss diposed. is transparent. don't ask me where get the information. please do your work first. i sold all my first batch around 350. i bought back at 260 and so on. my average cost now is 268.
If taking the convertion mode of 1 Permaju-PA with payment of 20 for one mother share then the PA price should be closed at about 15 to 15.5 sen yesterday as the mother share was closed at 35.5 sen. But if taking the convertion rate at 5 PAs to one mother share then the PA closed at the 'correct' price at 7 sen
@nklye, ur rationale works well. Many PA was transacted during d 1st few days of listing. Causing not many investors hold d PA rather to convert, as need to flock out 20 sen ech conversion tat take some times to complete d conversion too. Hence 7 sen is more likely
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anzo888
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Posted by anzo888 > 2020-08-26 20:54 | Report Abuse
yes, one can convert to mother share using 1 ICPS +20 sen . If u have 5 icps, u can use yr 5 icps to convert into 1 mother share OR u can use yr 5 icps to convert into 5 mother share but u will have to pay rm1.00