RM5 per share if current sharesoutstanding remained. But unlikely since its RTO. so i bet shares will expand by half, 200mil to become 400mil to 500mil shares. so RM2 is conservative i bet.....if RTO become real lah
We refer to the announcements made on 6 March 2020, 8 April 2020, 24 April 2020 and 27 April 2020 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of Acoustech, TA Securities wish to announce that Bursa Securities had, vide its letter dated 5 June 2020, resolved to grant the Company an extension of time up to 11 June 2020 for the issuance of circular to the shareholders in relation to the Proposals.
The Company had on 5 June 2020 received notification from Bank Negara Malaysia (“BNM”) that BNM has no objection to the Proposed Issuance of RCPS. Further, effective 30 April 2020, residents are allowed to raise funds via the issuance of ringgit denominated redeemable preference shares and Islamic redeemable preference shares to non-residents for use in Malaysia. Thus, the application to BNM for the issuance of RCPS of up to RM80.0 million to the RCPS Subscriber dated 1 June 2020 is no longer required as per the updated Foreign Exchange Policy.
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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....
Dato Seri John Lu
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Posted by Dato Seri John Lu > 2020-06-09 10:42 | Report Abuse
Haha.. LA777 thanks for the info for ACO