Another high NOSH penny stock in the making Directors resorting to shares issuance for fund raising and asset acquisition
ACQUISITION BY DNONCE TECHNOLOGY BHD ("DTB") OF 99.9991% EQUITY INTEREST IN KOMARK (THAILAND) COMPANY LIMITED ("KTCL") FROM GENERAL LABELS & LABELLING (M) SDN BHD FOR A PURCHASE CONSIDERATION OF RM9,100,000 TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF 58,709,677 NEW ORDINARY SHARES IN DTB ("DTB SHARES" OR "SHARES") AT AN ISSUE PRICE OF RM0.155 EACH ("CONSIDERATION SHARES") ("ACQUISITION")
No. of shares issued under this corporate proposal 58,709,677 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1550
Latest issued share capital after the above corporate proposal in the following Units 434,462,377 Listing Date 29 Dec 2022
=================== Many retailers could be lured by the issue price of 0.155 compared to current market price. Look out for disposal of shares by seller
I. ACQUISITION; II. DIVERSIFICATION; III. RIGHTS ISSUE; IV. ESOS TERMINATION; AND V. NEW SIS
On behalf of the Board, TA Securities wishes to announce that the Company had on 9 March 2023 submitted an application to Bursa Securities for an extension of time up to 25 September 2023 for the Company to complete the implementation of, among others, the Rights Issue.
=============== Extension of time for implementation of Rights Issue More time for directors to do fund raising via massive shares issuance Shareholders be prepared to dig pocket to contribute to directors fund raising exercise
Looks like another high NOSH low price penny stock in the making
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 16 March 2023, resolved to grant the Company an extension of time until 25 September 2023 to complete the implementation of the Rights Issue and New SIS.
============== Take note Rights Issue and NEW SIS could be implemented anytime now before 23 September 2023
============== Expect directors to raise more fund via Rights Issue and ESOS or even PP via share issuance NOSH will grow bigger toward BILLION shares making it another high NOSH low price penny stock
Is something happening in the packaging sector? I have been posting comments on a number of Bursa Malaysia packaging companies recently and noticed that these articles received very much more views than normal. For those of you who are speculation, maybe this is some input you can use. Anyway to continue with my screening of packaging companies, I found the DNOUNCE does not meet my criteria is its past 10 years of ROE was lower than that of New Toyo or Canone. For a quick overview of New Toyo go to https://www.youtube.com/watch?v=zuL2PB7Kwkg
So it's story end half here. Earlier this month is to attract fund and dumping and pressing for Right Issue price. Now all settled. Tmr bounce back to 200MA
Ha..ha..ha. This company is profitable company but share price worth only 0.09. This company really good in Korek money like Private Placement and now again right issue. Where all the money go? Really used for company purpose?
Taik la ini kaunter. Drop even lower than before. No wonder no one subscribe their right issue. Pity to those trap at high. Lousy kaunter operate by scammer company. ATS and Sersol behind this company and both are scam kaunter
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kyosan
786 posts
Posted by kyosan > 2022-12-01 12:12 | Report Abuse
just buy before it pass 0.155... once balloon can advise shareholder to do consolidation shares