VELOCITY CAPITAL PARTNER BERHAD
KLSE (MYR): VELOCITY (7165)
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Last Price
0.045
Today's Change
0.00 (0.00%)
Day's Change
0.045 - 0.045
Trading Volume
197,700
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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
4,867 posts
Posted by whistlebower99 > 2022-03-10 13:10 | Report Abuse
FOR NEWBIES
CSH ALLIANCE FORMERLY KNOWN AS KTG BERHAD
https://www.klsescreener.com/v2/announcements/view/3490185
The details of valid acceptances and excess applications received as at the Closing Date for the Rights Issue are as follows:
No. of Rights Shares.............................Percentage of total Rights Shares available for subscription (%)
Total valid acceptances 227,632,206 32.95
Total valid excess applications 463,989,200 67.18
Total valid acceptances and excess applications 691,621,406 100.13
Total Rights Shares available for subscription 690,705,280 100.00
Over-subscription 916,126 0.13
====================
Points to note :
1. Retail shareholder participation in rights subscription is low (32.95%)
2. Excess rights shares could be taken up by operators and 'friendly' parties (67.18%)
3. The successful applicants for the Rights Shares will be given FOC warrants on the basis of 1 Warrant for every 1 Rights Share subscribed for.
====================
Total issued shares = 1,381,410,560
CSH-WB = 690,705,280
Maturity 2027-01-19
Strike value 0.1500
Since the listing date of rights shares and warrants, the trading of CSH-WB has low volume but the price is well supported (looks artificial).
Be aware that the operators might be supporting WB price to release their FOC warrants at higher price to the market to recoup their money used in the excess application.
=================
TAYOR, don't be caught at high out-of-money price for the warrants