PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of PWI ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued shares in PWI.
Further details of the Proposed Private Placement are set out in the attachment enclosed. This announcement is dated 15 July 2022.
=========== Back to same modus operandi of loss making penny stock Continue to raise fund via share issuance to PP and ESOS Dilution of shareholders equity and EPS
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 21 July 2022, resolved to approve the listing of and quotation for up to 135,915,619 Placement Shares to be issued pursuant to the Proposed Private Placement, on the Main Market of Bursa Securities subject to the following:-
This announcement is dated 21 July 2022.
=============== After shares consolidation exercise, directors are back to fund raising via shares issuance to PP, and maybe PP, RI or asset acquisition in near future
=============== NOSH =1,359,156,196 will increase further by 10% Further dilution of shareholders equity % and EPS
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Details of corporate proposal Private placement of up to 10% of the total number of issued shares of Priceworth International Berhad No. of shares issued under this corporate proposal 94,966,325 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0958 Latest issued share capital after the above corporate proposal in the following Units 1,454,122,521 Listing Date 10 Aug 2022 https://www.klsescreener.com/v2/announcements/view/3591305
==================== Price on 9 Aug 2022 = 0.14 Specially selected lucky private placement investor has instant paper profit Amount gained = 94,966,325 X (0.14 - 0,0958) = RM4,197,511
Congratulation to lucky private placement investors
================= 7 September 2021- 4,995,804,724 Shares will be consolidated into 499,580,386 Consolidated Shares
Current NOSH = 1,454,122,521
Hitting 1.5 BILLION shares soon, after share consolidation followed by massive shares issuance by directors
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Be aware that :- Private investors and friendly parties are holding majority of the listed shares Probably waiting to dispose to market when opportunities arise
Directors back to share issuance activities after the last corporate exercise in September 2021
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PRICEWORTH INTERNATIONAL BERHAD HELD AT 5.00 P.M ON 6 SEPTEMBER 2021 INTO 1 PWI SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Ex-Date 03 Sep 2021
============== NOSH :- 13 Jan 2023 = 1,495,071,521 Dec 2022 = 1,454,122,521 (after multiple shares issuance for various purpose) Dec 2021 = 540,529,680 (after shares consolidation) June 2021 = 4,995,804,724 (before shares consolidation)
=============== NOSH once again exceeded BILLION shares after undergone shares consolidation Directors conveniently and successfully raised fund generating lots of money from shares issuance
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Details of corporate proposal Private placement of up to 10% of the total number of issued shares of Priceworth International Berhad No. of shares issued under this corporate proposal 40,949,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1109 Latest issued share capital after the above corporate proposal in the following Units 1,495,071,521 Listing Date 13 Jan 2023
================= Selected lucky PP investors making more than 20% profit, upon listing of their shares Long term retail shareholders that had went through share consolidation have to wait longer to break even
On behalf of the Board of Directors of PWI ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a reduction of the issued share capital of PWI pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction").
Further details of the Proposed Capital Reduction are set out in the attachment enclosed.
=============== The Proposed Capital Reduction will eliminate PWI's accumulated losses via reduction and cancellation of the current issued share capital of the Company to more accurately reflect the value of the underlying assets and the financial position of the Company and enhance the financial profile of PWI Group with its bankers, customers, suppliers, investors, and other stakeholders of PWI Group following the elimination of the accumulated losses.
================ Convenient way to clean up the financial statement Can repeat the process after it gets dirty in future
On behalf of the Board of Directors of PWI ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a reduction of the issued share capital of PWI pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction").
Further details of the Proposed Capital Reduction are set out in the attachment enclosed.
=============== The Proposed Capital Reduction will eliminate PWI's accumulated losses via reduction and cancellation of the current issued share capital of the Company to more accurately reflect the value of the underlying assets and the financial position of the Company and enhance the financial profile of PWI Group with its bankers, customers, suppliers, investors, and other stakeholders of PWI Group following the elimination of the accumulated losses.
================ Convenient way to clean up the financial statement Can repeat the process after it gets dirty in future
PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board, UOBKH wishes to announce that the listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad on 20 September 2023. This announcement is dated 20 September 2023.
========== Directors start again doing fund raising via shares issuance to PP, ESOS, maybe RI Dilution of shareholders equity % and EPS NOSH continue to increase When NOSH hit multi billion shares, directors might do shares consolidation again
I think with the exit of Eksons and Annum from the plywood business we are witnessing the end of the “independent” plywood manufacturers. In the past it was possible to be a standalone plywood manufacturer with it purchasing logs/timber from 3rd party sources. Today the plywood manufacturers are now like the palm oil mills. There are hardly any independent palm oil mills as estates supply to their own mills. So we now have timber companies supplying to their own captive plywood plants. So it is no longer viable for Eksons. Refer to https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=27024. The shift will benefit companies like PWORTH
On behalf of the Board, UOBKH wishes to announce that the Board had on 9 November 2023 resolved to fix the issue price of the Private Placement at RM0.1129 per Placement Share.
The issue price of RM0.1129 per Placement Share represents a discount of approximately 9.97% to the 5-day VWAP of PWI Shares up to and including 8 November 2023, being the last traded day of PWI Shares immediately preceding the price-fixing date of RM0.1254 per PWI Share.
This announcement is dated 9 November 2023
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING | https://www.klsescreener.com/v2/announcements/view/5930489 ========= Directors again active in fund raising via shares issuance to PP, ESOS NOSH hitting 1.5 Billion shares soon Shareholders equity % and EPS will be diluted again and again
Private placement of up to 10% of the total number of issued shares of Priceworth International Berhad No. of shares issued under this corporate proposal 44,286,980 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1129 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 1,539,358,501 Listing Date 20 Nov 2023
========== Directors doing fund raising again via shares issuance to PP, probably ESOS soon Shareholders equity % get diluted Selected PP investors making instant profit with lower issue price.
NOSH now above 1.5 Billion shares If directors continue to raise more funds via shares issuance to PP and ESOS, NOSH might increase further to multi BILLION shares Don't be surprised when directors propose another shares consolidation exercise in near future
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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....
Icon 888
2,117 posts
Posted by Icon 888 > 2022-07-14 01:21 | Report Abuse
Keep cash .. crisis coming