7106 SUPERMX, SUPERMAX CORPORATION BHD - + MULTIPLE PROPOSALS 18 Dec 2024, 12:55 MULTIPLE PROPOSALS MULTIPLE PROPOSALS SUPERMAX CORPORATION BERHAD ("SCB" OR THE "COMPANY")I. PROPOSED BONUS ISSUE OF SHARES; ANDII. PROPOSED BONUS ISSUE OF WARRANTS(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") 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
Shorties not just pee, but now 💩 scared! Black Christmas for these gamblers who refuse to put down any of their $ on the line now PAY big time for our Golden Christmas!!!😆
From a paper loss as large as $10,074.05 last week, 2day finally goes into the black after already dishing out $2,602.21 in dividends & $387.29 in capital gains! From a position as small as 400 shares in late 2016 to over 30,000 with the 100% win on this counter since 2012 preserved despite missing out on the entire 2020 crazy bull!
US has depleted the gloves inventory bought extra during covid after 3 years.. They are replenishment inventory but US government immediately pull emergency stop button because seeing all gloves import from China.. Tarrif impose then order redirected to Malaysia Big 4...
First half of 2024 is the bull for data center, now is the big bull theme for Glove
Supermax will be outstanding than the rest of glove because of the new factory in USA, this move are superb and Supermax will become top 1 among big 4 when the 4 phase completed with production 19.2 billion
The surprise bonus issue sjwong SUPERMX management team didn't sit in the office to enjoying $1.3B cash reserves..plus US factory commercial run on track.
They are quietly prepared for the best to come in 3 years...
I grit my teeth through the long period of paper loss, my faith in the co's excellence tested so sorely! Finally, finally, FINALLY, FAITH is rewarded! The winner takes it ALL! Sweetly satisfying after such an ordeal !!!
Stanley may be a real j**k when it comes to family matters & corporate governance, but he's a smart bizman!
@pang72. We were talking about distribution of treasury shares a week ago. No need to wait for next AGM. Not only from treasury shares. They distribute from retained earnings also. Also thanks to Budget 2025 for the 2% on the dividend.
The positive vibes generated by Supermax’s US venture and spike in its share price appear to have vindicated Thai’s decision to diversify into the US market in a big way. It has also brought some respite from his personal predicament.
Thai, 64, and Tan, 63, who were married in 1987, are currently undergoing divorce proceedings.
According to the company’s 2024 annual report, they jointly hold a 40.7% stake in Supermax through their private vehicle Supermax Holdings Sdn Bhd (SHSB).
Thai, who is Supermax executive chairman, holds a 57.5% stake in SHSB while Tan holds the remaining 42.5%. Based on the current price, its 40.7% stake in Supermax is worth RM1.31 billion.
In April this year, news reports indicated Tan had filed a winding-up petition against SHSB to enable her to directly own the shares in the glove maker.
However, Thai said SHSB was set up to establish a family trust for their three children and future generations, and hence would resist any application to wind up SHSB, according to news reports.
In April 2023, their daughter, Cecile Jaclyn Thai, resigned as non-executive director after a series of disagreements with the board.
In her resignation letter, Cecile said she resigned over the board’s alleged failure to uphold corporate governance practices and their fiduciary responsibilities.
She also alleged she experienced “bullying and silencing” from other board members, including her father, while trying to uphold her fiduciary duties."
Christmas has come A WEEK EARLY for all faithful holders!🎶🎵Oh come, all ye Faithful...Joyful & Triumphant!🎶🎵🎶
Glove taikos pakat to drive up sentiment. First 10 sen div frm harta,then both supermx n topglove give bonus share n warrants,their timing is no coincidence. Great show on the way!
Stanley Thai is very lucky this time. First, he decided to build a glove factory in US during covid-19 peak; then the availability of vaccines to contain the virus, gloves ASP and demand dropped. In November this year Trump won the presidency election and announced tariffs on China. Next month, if Trump attends the opening ceremony of the new factory_ _ _ _ _
Type Announcement Subject MULTIPLE PROPOSALS Description SUPERMAX CORPORATION BERHAD ("SCB" OR THE "COMPANY")
I. PROPOSED BONUS ISSUE OF SHARES; AND
II. PROPOSED BONUS ISSUE OF WARRANTS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") On behalf of the Board of Directors of SCB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-
(i) proposed bonus issue of up to 544,123,904 new ordinary shares in SCB ("SCB Share(s)" or "Share(s)") ("Bonus Share(s)") on the basis of 1 Bonus Share for every 5 existing SCB Shares held by the entitled shareholders whose names appear in the Company's Record of Depositors on an entitlement date to be determined and announced later ("Bonus Shares Entitlement Date") ("Proposed Bonus Issue of Shares"); and
(ii) proposed bonus issue of up to 163,237,171 free warrants in SCB ("Warrant(s)") on the basis of 1 Warrant for every 20 existing SCB Shares held by the entitled shareholders whose names appear in the Company's Record of Depositors on an entitlement date to be determined and announced later ("Warrants Entitlement Date") ("Proposed Bonus Issue of Warrants").
Further details of the Proposals are set out in the attachment enclosed.
L@@ks like my total investment here is almost $1k MORE than my total bet on Sino Hua-An of under $35k in 2017 which eventually netted an extra $58k after complete disposal in 2018. Doubt I'll be able to get that much from Supermx even with all the free warrants!
June: World Health Organization chief Tedros Adhanom Ghebreyesus said during a press briefing last week Monday that 'the number of affected dairy herds has almost tripled to 92 in 12 states'.
Shorties still want revenge after peeing in their pants & 💩-ing their profits into the drain in the past fortnight. They just increased their shorted shares 4x to nearly 3 million shares. Avg $1.183 as of yesterday. What can Stanley do to make them fall on their knees & beg for mercy???
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....
pang72
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After 3 to 4 years post covid, top glove, supermx, harta and KOSSAN 4 stars realign again...
FACEBOOK LIVE SIFU WEARING GLOVE AND LAMBOGINI DOING LIVE ALWAYS GREAT MOMENT