Posted by jungleboy > 2020-09-02 11:57 | Report Abuse

i mean cant fly..

Posted by Bemillion > 2020-09-02 12:09 | Report Abuse

Lets share and know what is pp or private placement?

.What is a private placement of stock?
A private placement is a sale of stock shares or bonds to pre-selected investors and institutions rather than on the open market. It is an alternative to an initial public offering (IPO) for a company seeking to raise capital for expansion

Then how does a private placement work?
A private placement is when company equity is bought and sold to a limited group of investors. That equity can be sold as stocks, bonds or other securities. Private placement is also referred to as an unregistered offering. ... A private placement might take place when a company needs to raise money from investors.

Posted by Bemillion > 2020-09-02 12:13 | Report Abuse

Lets share this..

.Why would a company prefer a private placement to a public placement?
Established companies may choose the route of an initial public offering to raise capital through selling shares of company stock. ... Private placement has advantages over other equity financing methods, including less burdensome regulatory requirements, reduced cost and time, and the ability to remain a private company

Normally pp asked is Private Placement good or bad?
Private Placements can either be good or bad for a stock. Companies often need a rush of new money for many purposes. ... In many ways it is, especially if it's only to increase the company's cash in the bank for the purpose of paying ongoing expenses, regardless of whether business is good or bad.

Can private placement be made to existing shareholders?
Private placement being an issuance of securities to a specific pre-identified person only, this was implied that the offer would not carry the right of renunciation unlike rights shares which are offered to the existing shareholders

Lastly ppl worried about dilution. How does private placement affect share price?

If the entity conducting a private placement is a private company, the private placement offering has no effect on share price because there are no pre-existing share


Disclaimer

Posted by Kok Heng > 2020-09-02 12:31 | Report Abuse

GG.COM, venture into gloves??? Sohai!! We want data center not gloves!!

Posted by Bemillion > 2020-09-02 12:41 | Report Abuse

Glove ok ma

Posted by Bemillion > 2020-09-02 12:42 | Report Abuse

Diversified.... Portfoli..batteries GPA maintain in production..kill 2 birds with one stone..as long as company growsssssss

Posted by Bemillion > 2020-09-02 12:43 | Report Abuse

Hahaa later JV with Data Centres..why not

Posted by Bemillion > 2020-09-02 12:44 | Report Abuse

Batteties, gloves data centre.....seems superb ROI..emmmm

Posted by Bemillion > 2020-09-02 12:45 | Report Abuse

Principally its good to see GPA growsssss

Posted by jungleboy > 2020-09-02 13:30 | Report Abuse

gpa being bought over cheap cheap...mus add value ma..else with no investor interest, the stock will go down

Posted by Bemillion > 2020-09-02 13:45 | Report Abuse

Yeea u rite

Posted by jungleboy > 2020-09-02 13:47 | Report Abuse

lkl alredy got china contract to sell gloves and iconic also plan to diversify into glove industry...all into gloves...so easy to mk profit meh

Posted by kfliau > 2020-09-02 15:08 | Report Abuse

Today all intra kakis kena slaughtered kow kow

Posted by jungleboy > 2020-09-02 15:11 | Report Abuse

so..contra out oni gpa up ka, kfliau?

Posted by jungleboy > 2020-09-02 15:12 | Report Abuse

same glove news but different reaction..lkl up and iconic down..gpa down also..

Posted by Jaes > 2020-09-02 15:15 | Report Abuse

be patient jungleboy, be patient. wave will come soon, building solid base b4 lift off

Posted by kfliau > 2020-09-02 15:21 | Report Abuse

May only rebound on Friday when most contra kakis are dead

Posted by jungleboy > 2020-09-02 15:36 | Report Abuse

ok..jaes..i ll mark ur word

Posted by jungleboy > 2020-09-02 15:45 | Report Abuse

rubbrrex drop..gpa follow?

Posted by cumcumshot > 2020-09-02 16:05 | Report Abuse

When a surprised news is announced & out of most people's expectation, yet the share price is down. It tells the end, at least the short term bullish trend of the stock. It may go up again after the consolidation phase, so players will hold on and expose to the daily uncertainties & risks. Any real bad news, 18c is the support. Good luck.

Posted by Bullcoming > 2020-09-02 16:43 | Report Abuse

27th Aug volume 435m, today T+3, tomorrow T+4, after that price will go up

Posted by Bullcoming > 2020-09-02 16:44 | Report Abuse

Good time to buy

Posted by Bullcoming > 2020-09-02 16:52 | Report Abuse

Not to worry today or tomorrow price drop.

Posted by CUTLOST > 2020-09-02 17:02 | Report Abuse

It's ok tmr ada lg.. Already climate hi in one days..

Posted by wilsonccs > 2020-09-02 17:23 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3084797

Posted by jinv9 > 2020-09-02 17:35 | Report Abuse

Galaxy has sold 99.6m shares of the 277.6m shares bought from Robert Tan on 26 August, leaving a balance of 178m shares or 18.154% in GPA yesterday.

Posted by jinv9 > 2020-09-02 17:36 | Report Abuse

They may have sold more today.

Posted by Bullcoming > 2020-09-02 17:48 | Report Abuse

Who is the next major shareholder then??

Posted by SureWin1Woh > 2020-09-02 17:55 | Report Abuse

Galaxy made tonnes of $$ within such a short period. Thanks to those who chase yesterday and probably today coz their entry price was ard 16-17. All insiders making $$

Posted by Wongmyeg > 2020-09-02 17:55 | Report Abuse

thanks bullcoming

Posted by jungleboy > 2020-09-02 18:01 | Report Abuse

we are the victims

Posted by jinv9 > 2020-09-02 18:10 | Report Abuse

Seems like Galaxy had pipped Regal Orion for the deal for a quick turn, making around RM7m so far.

Posted by cumcumshot > 2020-09-02 18:48 | Report Abuse

Nobody likes bad news, but bad news is a fact. Many hope to sell higher simply because either their costs are high Or they have seen a higher price few days before this, they are unwilling to sell at the current price. So they wishful thinking is, if can go up few more cents then good. In reality, stock market is a cruel place to kill off day dreamers to make $$. Good luck.

Posted by CUTLOST > 2020-09-02 18:57 | Report Abuse

Galaxy bought 16.5cts and Sold yesterday 24 to 25.5cts..thy are the winner.. The Balance will dispose tmr.. Ayo yo.. Bilis Die

Posted by investorwannabe > 2020-09-02 19:01 | Report Abuse

Tomorrow red again

Posted by NathanScott > 2020-09-02 19:40 | Report Abuse

(Kuala Lumpur, 1st) The major shareholder and non-independent non-executive chairman Tan Sri Dato’ Tan Huachun holds GPA Holdings (GPA, 7096, Main Board Industrial Products Service Group), which has decided to diversify its business to glove manufacturing and sales. It is expected to be 24 Install 12 automated production lines within a month, with an annual output of 3.6 billion gloves.

In order to carry out the above-mentioned transformation plan, the company decided to privately place 294,146,000 new shares or 30% of the total equity to Datuk Wang Ziming, Hung Lam Cho, Lam Bao Yi and Datuk Cheng Thien Hock; and each subscribed 11.54%, 3.85%, 3.85% and 3.84% equity.

Earlier, Wang Ziming offered to buy Bailey Institution (RUBEREX, 7803, Main Board Industrial Product Service Group) at RM1 and 80 sen per share.

GPA Holdings signed 4 share subscription agreements today to place the above new shares at an issue price of 17.56 sen per share for a total of RM51.65 million. In addition, another 15% employee stock subscription plan was launched for qualified directors and employees.

It is estimated that the 12 production lines will require a total of 150 million ringgits, and the transformation plan needs to be approved by shareholders.

Posted by jungleboy > 2020-09-02 19:41 | Report Abuse

... i dont believe the big players rather play (too) short term than long term..gpa not even 50sen ..alredy lost hope?!

Posted by NathanScott > 2020-09-02 19:44 | Report Abuse

@jungleboy there will always be negative comments. Embrace, as long as we know what we invest in.

Posted by limitupupup > 2020-09-02 19:46 | Report Abuse

next week only push, this week will drop below 0.18

Posted by HamsterHuat > 2020-09-02 20:43 | Report Abuse

going down to 0.18c will make many cry lo...
how can you be so cruel....@limitpupup..

must think positive.....Tomorrow is a good day.
Ghost month just buka pintu today...

Maybe the other world i pressing down the price and will only help it go up if got burn those gold..silver..money notes for them...

Posted by jungleboy > 2020-09-02 21:41 | Report Abuse

so..drop to 18.
then up to 26

Posted by jungleboy > 2020-09-02 23:41 | Report Abuse

limitupupup...soo fast can predict for nex week alredy?

Posted by CUTLOST > 2020-09-03 08:28 | Report Abuse

Hope Galaxy not dispose the balance thy have

Posted by jungleboy > 2020-09-03 08:39 | Report Abuse

buy all n sell all for short gain...unlogical..bursa should investigate such transaction...killing investors

Posted by Intradayman > 2020-09-03 08:53 | Report Abuse

Open red again

Posted by jungleboy > 2020-09-03 09:15 | Report Abuse

wait lor

Posted by NewbieInvest > 2020-09-03 09:15 | Report Abuse

No hope

Posted by kfliau > 2020-09-03 09:21 | Report Abuse

Contra kakis become charcoal today. Tomorrow after 4 should rebound

Posted by Intradayman > 2020-09-03 09:24 | Report Abuse

Kfliau
.. Confident? I got trap oso

Posted by HamsterHuat > 2020-09-03 09:32 | Report Abuse

seem today possible 20cent....
So be vigilant....

Decision is yours