this counter proposal from advisor TA and TA always advise share consolidation with good quarterly profit. another counter was AGESON, investors lost very badly, why authority allowed underwriter to manipulate such practice for the listed company and not protect public investors interest
under the proposal, Peter will undertake all the unsubscribed RI. some more Peter will ensure under the proposal that he will not buy or sell his portion during this exercise period
========== (i) proposed consolidation of every 5 existing ordinary shares in DPS (“DPS Share(s)”) into 1 DPS Share (“Proposed Share Consolidation”);
(ii) proposed renounceable rights issue of up to 89,958,524 new DPS Shares (“Rights Share(s)”) on the basis of 1 Rights Share for every 2 DPS Shares held on an entitlement date to be determined later (“Rights Shares Entitlement Date”), together with up to 71,966,819 free detachable warrants C (“Warrant(s) C”) on the basis of 4 Warrants C for every 5 Rights Shares subscribed for (“Proposed Rights Issue”);
(iii) proposed establishment of an employees share option scheme (“ESOS”) of up to 15% of the total number of DPS Shares in issue (excluding treasury shares, if any) for the eligible Directors and employees of DPS and its subsidiaries (“DPS Group”) (excluding dormant subsidiaries, if any) (“Proposed ESOS”);
whistlebower99 That means you are advising to buy dps and wb.. I am holding wb. Can u please advice ,should I buy or sell. No blame No claim. Only asking advise
look at announcement, consolidation into right issues. very high chance to fall but got chance to make money just need multiple bullets, price scared cuz of the announcement
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED RIGHTS ISSUE; (III) PROPOSED ESOS; (IV) PROPOSED EXEMPTION I; AND (V) PROPOSED EXEMPTION II.
=============== (i) proposed consolidation of every 5 existing ordinary shares in DPS (“DPS Share(s)”) into 1 DPS Share (“Proposed Share Consolidation”);
(ii) proposed renounceable rights issue of up to 89,958,524 new DPS Shares (“Rights Share(s)”) on the basis of 1 Rights Share for every 2 DPS Shares held on an entitlement date to be determined later (“Rights Shares Entitlement Date”), together with up to 71,966,819 free detachable warrants C (“Warrant(s) C”) on the basis of 4 Warrants C for every 5 Rights Shares subscribed for (“Proposed Rights Issue”);
(iii) proposed establishment of an employees share option scheme (“ESOS”) of up to 15% of the total number of DPS Shares in issue (excluding treasury shares, if any) for the eligible Directors and employees of DPS and its subsidiaries (“DPS Group”) (excluding dormant subsidiaries, if any) (“Proposed ESOS”);
Teladan Setia Group Berhad Registration No. 201901004975 (1314302-V) PRESS STATEMENT/SIARAN AKHBAR (FOR IMMEDIATE RELEASE) TELADAN SETIA ACQUIRES 7.54 ACRES MELAKA LAND WITH RM48.5 MILLION FOR MIXED DEVELOPMENT ~ Boosts total undeveloped landbank to 1,106.9 acres Melaka, 31 January 2023 – Melaka-based property developer, Teladan Setia Group Berhad (“Teladan Setia” or the “Group”) via its wholly-owned subsidiary, Asal Harta Sdn Bhd (“AHSB”) has entered into a sale and purchase agreement (“SPA”) with Megan Mastika Sdn. Bhd. (“Vendor”) for the proposed acquisition of leasehold land located in the Central Melaka District with a land size of 7.54 acres, for a total consideration of RM48.5 million to be satisfied by a combination of bank borrowings and internally generated funds. (“Proposed Acquisition”)
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED RIGHTS ISSUE; (III) PROPOSED ESOS; (IV) PROPOSED EXEMPTION I; AND (V) PROPOSED EXEMPTION II.
=============== (i) proposed consolidation of every 5 existing ordinary shares in DPS (“DPS Share(s)”) into 1 DPS Share (“Proposed Share Consolidation”);
(ii) proposed renounceable rights issue of up to 89,958,524 new DPS Shares (“Rights Share(s)”) on the basis of 1 Rights Share for every 2 DPS Shares held on an entitlement date to be determined later (“Rights Shares Entitlement Date”), together with up to 71,966,819 free detachable warrants C (“Warrant(s) C”) on the basis of 4 Warrants C for every 5 Rights Shares subscribed for (“Proposed Rights Issue”);
(iii) proposed establishment of an employees share option scheme (“ESOS”) of up to 15% of the total number of DPS Shares in issue (excluding treasury shares, if any) for the eligible Directors and employees of DPS and its subsidiaries (“DPS Group”) (excluding dormant subsidiaries, if any) (“Proposed ESOS”);
On behalf of the Board, TA Securities wishes to announce that the applications in relation to the Proposed Share Consolidation, Proposed Rights Issue and Proposed ESOS had been submitted to Bursa Securities on 31 January 2023.
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....
tehdiven5519
138 posts
Posted by tehdiven5519 > 2022-10-30 17:54 | Report Abuse
Good luck to u Singor