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
====================== Result of rights subscription
___________________________________No. of Rights Shares_____________Subscription (%)
Total valid acceptances_______________________496,794,800____________56.42 Total valid excess applications_____________________422,564,593________47.99 Total valid acceptances and excess applications_______919,359,393_____104.41 Total Rights Shares available for subscription___________880,529,260______100.00 Over-subscription_______________________________________38,830,133_________4.41
Successful applicants for the Rights Shares will be given Warrants C on the basis of 3 Warrants C for every 5 Rights Shares subscribed for.
=================== Valid rights application under subscribed with only 56.42% Excess rights application is at a high of 47.99
Most likely retailers are not willing to contribute more money to the fund raising exercise Operators, influencers, proxies or other penny stock companies could be supporting the fund raising via excess rights application
====================== The Rights Shares with Warrants C are expected to be listed and quoted on the Main Market of Bursa Securities on 14 July 2023.
Upon listing, operators, influencers might try to support the price for them and major subscribers to dispose off their rights shares and free warrants to market to release their fund to move to next fund raising project
===================== Directors very happy to collect 880,529,260 X 0.10 = RM88,052,926 Massive fund raising of RM88 million !!!
=================== New NOSH = 1,232,740,964 WB = 72,654,871
BEWARE OF THE LEGAL SCAMMER : NEXGRAM!!!!! Before conso, majority of retail buy @ rm0.05 cent per share. Let say OKU_2020 buy 1 million unit@ rm50,000. Before conso, the share drop to rm0.01, which make OKU_2020 money became RM 10,000.
After conso, the value dropped to rm0.01 again, which result for OKU_2020's dropped to RM 1000.
From RM 50,000 to RM 1000. That's 98 percent of paper money loss...... This is the worst kind of scammer company in the whole world....
Let say after this consolidation 1:5 really happen. Then drop again to 1 sen.
20,000 unit x 0.01=rm200
This is the truth!!!!! from RM50,000 to RM200??????
We have to stop this legal scammer at all cost!!!!
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
====================== Result of rights subscription
___________________________________No. of Rights Shares_____________Subscription (%)
Total valid acceptances_______________________496,794,800____________56.42 Total valid excess applications_____________________422,564,593________47.99 Total valid acceptances and excess applications_______919,359,393_____104.41 Total Rights Shares available for subscription___________880,529,260______100.00 Over-subscription_______________________________________38,830,133_________4.41
Successful applicants for the Rights Shares will be given Warrants C on the basis of 3 Warrants C for every 5 Rights Shares subscribed for.
=================== Available/Listing Date 14 Jul 2023
Be prepared for major excess rights subscribers to throw their rights shares and free warrants to market to release their fund and move to another fund raising project
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....
whistlebower99
4,859 posts
Posted by whistlebower99 > 2023-07-06 11:36 | Report Abuse
FOR NEWBIES
(FORMERLY KNOWN AS CAELY HOLDINGS BHD)
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
======================
Result of rights subscription
___________________________________No. of Rights Shares_____________Subscription (%)
Total valid acceptances_______________________496,794,800____________56.42
Total valid excess applications_____________________422,564,593________47.99
Total valid acceptances and excess applications_______919,359,393_____104.41
Total Rights Shares available for subscription___________880,529,260______100.00
Over-subscription_______________________________________38,830,133_________4.41
Successful applicants for the Rights Shares will be given Warrants C on the basis of 3 Warrants C for every 5 Rights Shares subscribed for.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3367222
===================
Valid rights application under subscribed with only 56.42%
Excess rights application is at a high of 47.99
Most likely retailers are not willing to contribute more money to the fund raising exercise
Operators, influencers, proxies or other penny stock companies could be supporting the fund raising via excess rights application
======================
The Rights Shares with Warrants C are expected to be listed and quoted on the Main Market of Bursa Securities on 14 July 2023.
Upon listing, operators, influencers might try to support the price for them and major subscribers to dispose off their rights shares and free warrants to market to release their fund to move to next fund raising project
=====================
Directors very happy to collect 880,529,260 X 0.10 = RM88,052,926
Massive fund raising of RM88 million !!!
===================
New NOSH = 1,232,740,964
WB = 72,654,871
WC = 528,317,556
Exercise price = 0.20