The good thing is the exercise price is super attractive. The bad thing is that the number of shares will increase 3 times. Not sure if the big fund will sell or not
I would want the 3 for 1 right issue bro. Also confused why people throw now. Ta win future is bright already well documented. This RI is for business expansion not to pay debt that's why I call it knee jerk. But invest at own risk lar sometime you kenot predict how market react. Cheers.
I agree with Wait...director must know when is time to announce the right issue..they still convert PA mean they want to grab more RI to increase their stake therefore more easy to control the company..
On the same thought Eldon. If this is goreng company why would they want to convert and take up RI. Need to add cash one yea. So do your own thinking why director want to add more to maintain/increase their shareholding :)
SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Tel: 03 2084 9000 Fax: 03 2094 9940
Forecast profit will jump up included EV car cable project, is fundamental buying up not pure goreng. Shareholder keep increasing share because want obtain more entitlement Right Issue. New RI is super low 0.06 Without entitlement Right you can't subscribe this new ordinary share at 0.06 Imagine after Right Issue complete share price going back to 0.40 how much can earn? Is about 6 times
ADJUSTMENTS TO THE NUMBER OF OUTSTANDING WARRANTS 2019/2022 IN TA WIN HOLDINGS BERHAD ("TA WIN") ("WARRANTS") AS CONSTITUTED BY THE DEED POLL DATED 17 APRIL 2019 AND THE EXERCISE PRICE OF THE WARRANTS PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,106,101,171 NEW ORDINARY SHARES IN TA WIN ("TA WIN SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING TA WIN SHARE HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 6 MAY 2021 ("RIGHTS ISSUE") ("ADJUSTMENTS") ============================================================================== Beside exercise price adjustment, the warrant holders will get 0.9106 extra warrant with each existing 1 warrant held. This is like bonus of warrant and no need to take out extra money to subsrcipt. => Ratio 0.9106 : 1.0000
Yes. Warrant and PA going to like bonus issue 1:1 Excercise cost convert to Ordinary share also reduce Warrant Excercise cost is 0.10 PA Exercise cost is 0.05
want to ask tawin-wa going through right issue got any changes? worth holding through right issue or sell first then buy back later, mother price like keep dropping, not sure to hold or wait for uptrend again
Pandai pandai sendiri correct. There's no sifu here only sinkalans lol. Warrant compensated with 0.916 additional warrant. Go read announcement lar haiyo
Ngu still bought 1,110,000 shares yesterday.. impossible to say he don’t know the RI announcement after market closed... He must very believe in Tawin can do better in future ma..
Monitor Ngu's transaction lor. Believe he really got confident, must be a shock to him today. See whether he got buy again or not today. Lycan is right, you need cash to subscribe. Those who don't probably will sell today.
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@jjjjwon1234.....
Yes