Posted by WakKarto > 2023-07-06 18:01 | Report Abuse

More capital reduction? During this shit time? Surely there are a lot of shits to be cleaned up 😡

Posted by CyrusQ > 2023-07-25 09:25 | Report Abuse

whistlebower99

FOR NEWBIES

PROPOSED CAPITAL REDUCTION

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.

This announcement is dated 5 July 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3367211

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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.

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Convenient way to clean up the financial statement
Can repeat the process after it gets dirty in future

# Means ? Please explain & example ?

Posted by awesome20 > 2023-08-24 16:12 | Report Abuse

means rocket soon
huge volume collected cheap token already

Posted by whistlebower99 > 2023-08-25 11:47 | Report Abuse

FOR NEWBIES

Profit/(loss) attributable to ordinary equity holders of the parent -4,558,000

Back to quarterly losses

https://www.klsescreener.com/v2/stocks/financial-report/7123/2023-06-30

Posted by Icon 888 > 2023-09-18 16:05 | Report Abuse

Run

Posted by Icon 888 > 2023-09-19 11:53 | Report Abuse

Run Baby run

Posted by whistlebower99 > 2023-09-20 22:10 | Report Abuse

FOR NEWBIES

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.

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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

Posted by Dehcomic01 > 2023-10-06 13:47 | Report Abuse

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

Posted by whistlebower99 > 2023-11-09 20:36 | Report Abuse

FOR NEWBIES

Private Placement.

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
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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

Posted by whistlebower99 > 2023-11-17 17:20 | Report Abuse

FOR NEWBIES

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

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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.

Posted by whistlebower99 > 2023-11-17 17:23 | Report Abuse

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

Posted by Icon 888 > 2024-01-15 22:03 | Report Abuse

Fxxx

Posted by Lee Ying Yee > 2 months ago | Report Abuse

pp rsos ri ,,, how about the business ??? rubbish ?

Posted by winston1 > 2 months ago | Report Abuse

Loss making company also can announce bonus warrant?

Posted by Icon 888 > 2 months ago | Report Abuse

Why not..

Posted by Firefighter > 1 month ago | Report Abuse

This is a CON company - best to stay out!

Posted by Icon 888 > 1 month ago | Report Abuse

Conman

Posted by Firefighter > 2 weeks ago | Report Abuse

No joke!

CON to the CORE!