emilychee, Vincent.... Stop crying lah. Bring more biz to minetech. No ability, ask all lousy board to resign especially Chin family and awang family. Give Chin one quarry and they go play stone. Give awang one motor repair workshop and they go play with the screw and spanar
After recent fund raising via issuance of 582,664,397 ICPS at 0.03, directors raising fund again via shares issuance to PP
========= On behalf of the Board, TA Securities wishes to announce that the Board had on 21 April 2022 (“Price-fixing Date”) fixed the issue price for the first tranche of the Private Placement at RM0.063 per Placement Share (“Issue Price”).
The Issue Price of RM0.063 is at a discount of RM0.0156 or approximately 19.85% to the 5-day volume weighted average market price of Minetech Shares up to and including 20 April 2022 (being the last market day immediately preceding the Price-fixing Date) of RM0.0786 per Minetech Share.
Types of corporate proposal Private Placement Details of corporate proposal MINETECH RESOURCES BERHAD ("MINETECH" OR THE "COMPANY") PRIVATE PLACEMENT No. of shares issued under this corporate proposal 22,800,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0630 Latest issued share capital after the above corporate proposal in the following Units 1,188,413,800 Listing Date 06 May 2022
=================== Frequent fund raising raising via shares issuance to PP and ESOS Dilution of shareholders equity % and EPS NOSH keep rising above BILLION shares Mostly annual loss making in last 10 years
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
YTL Losses better buy YTL. YTL got fundamental and strong team. minetech got bunch of clowns running the show. Private placement oso expired, no takers. Largest shareholders chin and awang oso poor no cash fellow
For decades, Chin has only able to fundraise and then channel it to their private entity. Now Awang try to do the same but world is evolving with multimedia. Chin just got lucky to make fortune in era no multimedia. Now Chin wanna exit, Awang wanna exit.
Minetech Resources Berhad a civil engineering specialist and bituminous products manufacturer, today announced that the Company registered a 43.2% rise in revenue for the first quarter ended 30 June 2022 (“1Q FY2023”) to RM24.05 million compared with RM16.80 million in the corresponding quarter of the last financial year (“1Q FY2022”).
Minetech’s civil engineering division posted revenue contribution of RM13.7 million for 1Q FY2023, a gain of 34.3% compared with RM10.2 million in 1Q FY2022. The manufacturing division, which produces bituminous products for pipe coating, waterproofing and sealing, recorded revenue contribution of RM5.85 million, a gain of 75.1% compared with RM3.34 million in 1Q FY2022.
Matt Chin, Executive Director of Minetech, said, “The civil engineering division’s contribution was supported by higher revenue from the Selinsing Gold Mine in the quarter under review compared to the corresponding quarter of the previous financial year as production regained traction while the manufacturing division saw a significant rise in revenue due to an increase in sales as a result of improved demand from water piping and road paving projects.” Recent news flow point to firmer domestic economic growth and the announcement of the MRT3 project together with the continuation of other large civil infrastructure projects is positive for the construction sector as there will be need for civil engineering services as well as bituminous products.”
1 April 2022 Minetec - Letter of Award for execution and completion of External Link Bridge, Covered Walkway and Associated Works for the Emerald 9 Cheras Development on Lot 809 and 810, Mukim Cheras, Daerah Hulu Langat, Selangor Darul Ehsan.
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....