Apart from Covid-19 vaccine hopes, analysts say the expectations of an improved third quarter earnings season and continued positive data on economic recovery would fuel the market’s rebound.
In addition, the return of retail investors post-six month blanket loan moratorium as well as signs of institutional and foreign funds returning to participate more actively in the market are boosting market sentiment.
Pfizer said on Wednesday that final results from the late-stage trial of its #COVID19 #vaccine show it was 95% effective, adding it had the required two months of safety data and would apply for emergency U.S. authorization within days.
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 announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Hahahah stupid share ever PA now 0.035 asking ppl to buy at 0.04 cuz it's cheap in fact the whole forking price is cheap in the sense nobody wants to buy
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
26,681 posts
Posted by Good123 > 2020-11-18 09:07 | Report Abuse
permaju PA/icps, otw balik harga 5sen, harga semasa terbitan