The ICPS may be converted into new fully-paid ordinary shares in Permaju ("Permaju Shares" or "Shares") at the conversion price of RM0.25 ("Conversion Price") in the following manner:-
(i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the Conversion Price, subject to a minimum of 1 ICPS and a maximum of 5 ICPS for every 1 new Share; and
(ii) by paying the difference between the aggregate issue price of ICPS surrendered and the Conversion Price, if any, in cash, for every 1 new Share.
Premised on the terms of the ICPS, subject to adjustments, the ICPS can be converted into new Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date of the ICPS. Any remaining ICPS that are not converted by the maturity date shall be mandatorily converted into new Shares at the conversion ratio of 5 ICPS for every 1 new Permaju Share.
If the conversion results in a fractional entitlement to Permaju Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.
If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day.
7080PA PERMAJU-PA PERMAJU INDUSTRIES BERHAD - ICPS 2020/20 Profile for Securities of PLC Instrument Category : Securities of PLC Instrument Type : Preference Shares Description : NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN PERMAJU INDUSTRIES BERHAD ("PERMAJU") ("ICPS") ISSUED PURSUANT TO THE FOLLOWING:-(I) RENOUNCEABLE RIGHTS ISSUE OF UP TO 936,309,855 NEW ICPS AT AN ISSUE PRICE OF RM0.05 PER ICPS TOGETHER WITH UP TO 93,630,985 FREE DETACHABLE WARRANTS IN PERMAJU ("WARRANTS") ON THE BASIS OF 10 ICPS TOGETHER WITH 1 FREE WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN PERMAJU HELD BY THE ENTITLED SHAREHOLDERS OF PERMAJU AT 5.00 P.M. ON 14 JULY 2020 ("ENTITLED SHAREHOLDERS"); AND(II) SETTLEMENT OF DEBT OWING BY PERMAJU TO TAN SRI DATUK CHAI KIN KONG AND DATO' CHUA TIONG MOON IN THE AGGREGATE SUM OF RM22,248,918 TO BE FULLY SATISFIED VIA THE ISSUANCE OF 444,978,360 NEW ICPS AT AN ISSUE PRICE OF RM0.05 PER ICPS TO DATO' CHUA TIONG MOON AND CHAI WOON YUN. Initial Listing Information : Listing Date : 21/08/2020 Issue Date : 14/08/2020 Issue / Ask Price : Malaysian Ringgit (MYR) 0.0500 Issue Size in Unit : 1,381,288,215.0000 Maturity Date : 13/08/2030 Revised Maturity Date : Name of Guarantor: Name of Trustee: Coupon/Profit/Interest/Payment Rate: Coupon/Profit/Interest/Payment Frequency: Redemption: Exercise/Conversion Period : 10.00 Year(s) Revised Exercise/Conversion Period : 0.00 Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 0.2500 Revised Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 0.0000 Exercise/ Conversion Ratio : 5:1 Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Tendering of securities Settlement Type/ Convertible into : Physical (Shares) Remarks : The ICPS may be converted into new fully-paid ordinary shares in Permaju ("Permaju Shares" or "Shares") at the conversion price of RM0.25 ("Conversion Price") in the following manner:-(i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the Conversion Price, subject to a minimum of 1 ICPS and a maximum of 5 ICPS for every 1 new Share; and(ii) by paying the difference between the aggregate issue price of ICPS surrendered and the Conversion Price, if any, in cash, for every 1 new Share.Premised on the terms of the ICPS, subject to adjustments, the ICPS can be converted into new Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date of the ICPS. Any remaining ICPS that are not converted by the maturity date shall be mandatorily converted into new Shares at the conversion ratio of 5 ICPS for every 1 new Permaju Share.If the conversion results in a fractional entitlement to Permaju Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day.This announcement is dated 19 August 2020. You are advised to read the entire contents of the
Terindah. Maybank research pun buat coverage untuk permaju :)
Setujulah, permaju PA , kesan pengganda 5x, tak Payah commit banyak modal. Lagi pun Kini harga 4sen x 5 = 20sen=ordinary share price juga.
PERMAJU INDUSTRY: (MYR0.19) Acquisition to expand into West Malaysian property market Maybank IB Retail Research
Permaju Industries acquired 100m ordinary shares of Meridian Bhd (MEDA MK, Not Rated), representing 16.97% of issued shares in Meridian, for MYR26m cash or MYR0.26/sh. The acquisition will be funded entirely via internally generated funds. Pursuant to the acquisition, Meridian is now an associate company of Permaju.
At MYR0.26/sh, Permaja is effectively valuing Meridian at a P/B of 1.2x. The acquisition would allow Permaju to expand its property ventures into the West Malaysian market. At present, Permaju’s property projects are mainly located in Sabah. The acquisition would allow both parties to leverage on respective resources, as Meridian is also involved in property development and construction.
That say, execution is key to success. Meridian has been in the red since FY14 while Permaja’s earnings track record has also been volatile. Meridian’s earnings were affected by the subdued property market while Permaju, which has been in the red since FY07, was weighed by high operating costs. Its property and automotive industries are exposed to weak consumer sentiment.
Permaju has been trying to diversify its earnings base in its bid to turn around. In Sep 2020, the group entered into a joint venture (JV) with VSolar Group (VSOL MK, Not Rated) to submit a tender to build and operate a Large Scale Solar 4 (LSS4) proposed 50MW plant in Seremban. It is also in talks with Anzo Holdings (ANZO MK, Not Rated) to collaborate in the manufacturing of gloves.
But until any deal materializes, its outlook will remain subdued. Permaju recorded a loss after tax of MYR6.6m in FY6/20, with its automotive, timber, and property development divisions all in the red. This does not help when the government implements partial or full lockdown to combat the Covid-19 pandemic, which in turn, would hurt the demand for automotive as well as properties.
Valuation wise, P/B methodology is preferred here due to Permaju’s weak earnings track record. At current price, the stock is trading at a trailing P/B of 0.9x, above its 3-year historical average P/B of 0.7x. The only silver lining is that, its net gearing stood at 0.01x at end-Jun 2020. Investors with lower risk appetite should stay on the sidelines for now.
Ya lah. Permaju PA dah murah 1sen dibandingkan dengan harga terbitannya. Kini berbaloi banget kot
Profile for Securities of PLC
PERMAJU INDUSTRIES BERHAD
Instrument Category Securities of PLC Instrument Type Preference Shares Description NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN PERMAJU INDUSTRIES BERHAD ("PERMAJU") ("ICPS") ISSUED PURSUANT TO THE FOLLOWING:-
(I) RENOUNCEABLE RIGHTS ISSUE OF UP TO 936,309,855 NEW ICPS AT AN ISSUE PRICE OF RM0.05 PER ICPS TOGETHER WITH UP TO 93,630,985 FREE DETACHABLE WARRANTS IN PERMAJU ("WARRANTS") ON THE BASIS OF 10 ICPS TOGETHER WITH 1 FREE WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN PERMAJU HELD BY THE ENTITLED SHAREHOLDERS OF PERMAJU AT 5.00 P.M. ON 14 JULY 2020 ("ENTITLED SHAREHOLDERS"); AND
(II) SETTLEMENT OF DEBT OWING BY PERMAJU TO TAN SRI DATUK CHAI KIN KONG AND DATO' CHUA TIONG MOON IN THE AGGREGATE SUM OF RM22,248,918 TO BE FULLY SATISFIED VIA THE ISSUANCE OF 444,978,360 NEW ICPS AT AN ISSUE PRICE OF RM0.05 PER ICPS TO DATO' CHUA TIONG MOON AND CHAI WOON YUN. Listing Date 21 Aug 2020 Issue Date 14 Aug 2020 Issue/ Ask Price Malaysian Ringgit (MYR) 0.0500 Issue Size Indicator Unit Issue Size in Unit 1,381,288,215 Maturity Mandatory Maturity Date 13 Aug 2030 Revised Maturity Date
Instrument Category Securities of PLC Instrument Type Warrants Description FREE DETACHABLE WARRANTS IN PERMAJU INDUSTRIES BERHAD ("PERMAJU") ("WARRANTS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 936,309,855 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN PERMAJU ("ICPS") AT AN ISSUE PRICE OF RM0.05 PER ICPS TOGETHER WITH UP TO 93,630,985 FREE DETACHABLE WARRANTS ON THE BASIS OF 10 ICPS TOGETHER WITH 1 FREE WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN PERMAJU HELD BY THE ENTITLED SHAREHOLDERS OF PERMAJU AT 5.00 P.M. ON 14 JULY 2020 ("ENTITLED SHAREHOLDERS") Listing Date 21 Aug 2020 Issue Date 14 Aug 2020 Issue/ Ask Price Malaysian Ringgit (MYR) 0.2500 Issue Size Indicator Unit Issue Size in Unit 93,630,984 Maturity Mandatory Maturity Date 13 Aug 2025 Revised Maturity Date Name of Guarantor Name of Trustee Coupon/Profit/Interest/Payment Rate Coupon/Profit/Interest/Payment Frequency Redemption Exercise/Conversion Period 5.00 Year(s) Revised Exercise/Conversion Period Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.2500 Revised Exercise/Strike/Conversion Price Exercise/Conversion Ratio 1:1 Revised Exercise/Conversion Ratio Mode of satisfaction of Exercise/ Conversion price Cash Settlement Type/ Convertible into Physical (Shares)
Jumlah kos untuk lock-in 10000 syer biasa permaju dengan menggunakan modal paling rendah dengan PA dan Warrant untuk membuktikan bahawa PA adalah juah lebih efektif kos...
PA: Beli 10000 PA x 4sen =RM400 (bayar sekarang) Kos tambahan jika mau convert dan dapat 10000 syer biasa kelak = 40000 x 5sen= RM2000
Total kos=RM2400, kos per syer biasa = 24sen bila mau gunakan kuasa pengganda PA dengan maksimum.
Jika tak mau pakai kuasa pengganda PA, 10000 PA dibahagi dengan 5 = 2000 syer biasa x 20sen harga semasa =RM400
Warrant: 10000 x 9sen =RM900 (Bayar sekarang)
Kos tambahan untuk convert = 10000 x 25sen (exercise price) = RM2500
Mau 10000 syer biasa permaju = 10000 x 20sen = RM2000
5 PA(ICPS@5sen) = 1 syer biasa permaju, Jadi, mau 10000 syer biasa kena beli 50000 permaju PA= 50000 x 4sen (harga semasa) = RM2000
$$$$$$$$$$$$$$$$
Kelebihan PA (ICPS):
kalau mau lebih syer biasa, guna hanya 1 PA bagi mendapatkan 1 syer biasa dengan tambah wang. PA diterbitkan pada harga 5sen dulu dan ditetapkan pada harga 5sen untuk conversion bagi 10 tahun, kini harga semasa hanya 4sen.
Good123, dont need to do anything, once mother share suddenly up 25 cts, all will chase at 5 cts. people just like to buy high, now at the lowest nobody interested. funny..
now mother share steady, should go up gradually Mon then PA will follow. Once big boy buy in bulk you wont be able to get it at 4 cts loh. Sayang I have no more bullets.
Ya NTA 67 cts!!! no wonder last time push up to RM1, anyway, I hold mother and PA, more on PA bec in normal circumstances, PA can make much more money than mother shares.
Nor Shamsiah also noted that the agility and adaptability of consumers have improved over the course of the COVID-19 pandemic, coupled with containment measures taken to prevent resurgence of the cases.
"There is much better understanding of the infectivity of COVID-19 and measures are getting more targeted. Hence, although COVID-19 will have impact, it will not be as much as before. This is also translated into a much better 3Q GDP number, which came out much better than the consensus forecast number," she said.
KUALA LUMPUR: Property developer Permaju Industries Industries Bhd is venturing into the glove manufacturing business as demand for rubber gloves continues to advance worldwide amid the Covid-19 pandemic.
Sabah-based Permaju plans to set up a production facility in Seremban, Negri Sembilan, investing between RM150 million and RM200 million, sources said.
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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....
Good123
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Posted by Good123 > 2020-11-13 09:36 | Report Abuse
permaju PA kurangkan capital Kamu Dan juga Ada kesan pengganda 5X