AT Systematization Bhd has become a substantial shareholder of AE Multi Holdings Bhd after acquiring an 18.18% stake in the latter yesterday. In a filing with Bursa Malaysia today, AT Systematization said its wholly-owned subsidiary AT Precision Tooling Sdn Bhd bought the stake, comprising 77.86 million shares, in an off-market transaction for RM15.65 million.
Particulars of substantial Securities Holder Name AE MULTI HOLDINGS BERHAD Name of registered holder AE Multi Industries Sdn. Bhd. Indirect/deemed interest (units) 812,069,665 Indirect/deemed interest (%) 16.796 Total no of securities after change 812,069,665 Date of notice 14 Feb 2022
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) VSOLAR GROUP BERHAD
Particulars of substantial Securities Holder Name AE MULTI HOLDINGS BERHAD 1 11 Apr 2022 3,000,000 Acquired Indirect Interest 2 12 Apr 2022 20,000,000 Acquired Indirect Interest Name of registered holder AE Multi Industries Sdn. Bhd. Direct (units) 0 Direct (%) 0 Indirect/deemed interest (units) 876,111,600 Indirect/deemed interest (%) 18.12 Total no of securities after change 876,111,600 Date of notice 15 Apr 2022 https://www.klsescreener.com/v2/announcements/view/3534377
==================== Take note of loss making penny stock investing in another loss making penny stock VSOLAR has recently proposed shares consolidation and rights issue with free warrant
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show Multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
EDUSPEC = 3,046,287,361 (in progress of share consolidation and rights issue)
VSOLAR = 4,834,933,699 (in progress of share consolidation and rights issue)
ZENTECH = 2,425,297,326 (completed share consolidation and still above 2 BILLION shares)
================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue and thereafter continue with massive shares issuance to PP & ESOS in near future.
On behalf of the Board of AEM, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake a proposed consolidation of every 10 existing ordinary shares in AEM (“AEM Shares” or “Shares”) held by the shareholders on an entitlement date to be determined and announced later, into 1 AEM Share (“Proposed Share Consolidation”).
Share consolidation of every 10 existing ordinary shares will also affect WB Number of warrants will be reduced by 10 times while the exercise price will be adjusted and increased by 10 times (from 0.05 to 0.50) !!!
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