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
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
cu29ok
162 posts
Posted by cu29ok > 2022-06-14 16:34 | Report Abuse
:(