PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 965,398,515 NEW ORDINARY SHARES IN CLASSITA ("CLASSITA SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 2 EXISTING SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED, TOGETHER WITH UP TO 579,239,109 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 3 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("PROPOSED RIGHTS ISSUE")
Whoever chased today will be invited to join in their rights issues soon...shall annouce Ex date very soon
CLASSITA HOLDINGS BERHAD (formerly known as CAELY HOLDINGS BERHAD)
RENOUNCEABLE RIGHTS ISSUE OF UP TO 965,398,515 NEW ORDINARY SHARES IN CLASSITA HOLDINGS BERHAD (FORMERLY KNOWN AS CAELY HOLDINGS BHD) ("CLASSITA") ("CLASSITA SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF CLASSITA AS AT 5.00 P.M. ON 14 JUNE 2023, TOGETHER WITH UP TO 579,239,109 FREE DETACHABLE WARRANTS ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR, AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ("RIGHTS ISSUE")
Date for commencement of trading of rights 15 Jun 2023 Date for cessation of trading of rights 22 Jun 2023
Acceptance and Payment 30 Jun 2023 05:00 PM Excess share application and payment 30 Jun 2023 05:00 PM
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 05 Jul 2023
Purchases from 15/6 onward not entitled to rights issue
CLASSITA-OR first day trading at 0.005 seller quote !!! Stock price below rights issue price, operators and price influencers having problems supporting the price ?
Could mean rights issue be under subscribed by shareholders and retail investors like other lousy loss making penny stocks
CLASSITA HOLDINGS BERHAD (formerly known as CAELY HOLDINGS BERHAD)
RENOUNCEABLE RIGHTS ISSUE OF UP TO 965,398,515 NEW ORDINARY SHARES IN CLASSITA HOLDINGS BERHAD ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF CLASSITA AS AT 5.00 P.M. ON 14 JUNE 2023, TOGETHER WITH UP TO 579,239,109 FREE DETACHABLE WARRANTS ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR, AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE
Acceptance and Payment 30 Jun 2023 05:00 PM Excess share application and payment 30 Jun 2023 05:00 PM
============== Today closing date for rights application
Today closing price is 0.085, lower than rights issue price of 0.10 !!!
Not a good news to retail investors who subscribed the rights issue
Wait for 5 Jul 2023 for announcement of rights subscription information. Most likely will be under subscribed and supported by proxies/penny stocks via excess application
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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....
haziqaz
165 posts
Posted by haziqaz > 2023-03-20 22:36 | Report Abuse
Fail sulit Ketua Mafia Korporat didedah, Azam Baki KP SPRM perlu tangkap Victor Chin, Chong Loong Men & Datuk Eddie
https://thecorporatesecret.com/blog/2023/03/17/fail-sulit-ketua-mafia-korporat-didedah-azam-baki-kp-sprm-perlu-tangkap-victor-chin-chong-loong-men-datuk-eddie/