=================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
MINETECH RESOURCES BERHAD ("MINETECH" OR THE "COMPANY") PRIVATE PLACEMENT
On behalf of the Board, TA Securities wishes to announce that the Board had on 6 October 2022 (“Price-fixing Date”) fixed the issue price for the second tranche of the Private Placement at RM0.028 per Placement Share (“Issue Price”).
The Issue Price of RM0.028 is at a discount of RM0.0061 or approximately 17.89% to the 5-day volume weighted average market price of Minetech Shares up to and including 5 October 2022 (being the last market day immediately preceding the Price-fixing Date) of RM0.0341 per Minetech Share.
This announcement is dated 6 October 2022.
================ Directors fixed attractive price for lucky selected PP investors for instant profit Existing shareholders see their shareholding % and EPS reduced NOSH of BILLION shares continue to rise
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 80,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0280 Latest issued share capital after the above corporate proposal in the following Units 1,268,413,800 Listing Date 18 Oct 2022
============== Directors doing fund raising via shares issuance to PP, ESOS Current NOSH 1,268,413,800, will keep rising to above 2 BILLION shares with more fund raising via shares issuance
Minetech Resources Bhd has inked an original equipment manufacturing agreement with Cretpaver Asia Sdn Bhd (CASB) to manufacture and trade bituminous products, with an estimated contract value of RM10 million per annum. The agreement was entered through Minetech Asphalt Man International Sdn Bhd (Mami), an 85%-owned subsidiary of Minetech. Mami is engaged in the manufacturing and trading of bituminous products. Meanwhile, CASB is involved in supplying materials for road construction, road line marking and road safety furniture.
KUALA LUMPUR (Dec 5): Energy-linked stocks on Bursa Malaysia rose on Monday (Dec 5) morning as oil prices jumped.
At the time of writing, Icon Offshore Bhd had risen 3.23% or half a sen to 16 sen a share, Velesto Energy Bhd gained 3.13% or half a sen to 16.5 sen, Hibiscus Petroleum Bhd added 1.79% or two sen to RM1.14, Perdana Petroleum Bhd rose 3.85% or half a sen to 13.5 sen, Bumi Armada Bhd was up 3.03% or 1.5 sen to 51 sen, and Uzma Bhd gained 4.67% or 2.5 sen to 56 sen.
Reuters said oil prices jumped 2% on Monday after Organization of the Petroleum Exporting Countries (OPEC) and allied nations held their output targets steady, ahead of a European Union ban and a price cap kicking in on Russian crude.
At the same time, in a positive sign for fuel demand, more Chinese cities eased Covid-19 curbs over the weekend.
It said Brent crude futures had risen US$1.84, or 2.2%, to US$87.41 a barrel at 0142 GMT, while US West Texas Intermediate crude futures gained US$1.64, or 2%, to US$81.62 a barrel.
I think mintec maybe have chance . Uniqa Financial Technology -Since Revenue is keep having issues with the two brother, I think their customer will start run off and go to his competitor. Also Mintec involved in Solar Energy - The coming trend of ESG....
Projek tenaga yg diperolehi oleh MINETECH sebanyak RM36.71 juta akan membawa keuntungan yg lumayan utk suku seterusnya dan juga dapat menyediakan sumber elektrik yg stabil dan bersih kpd rakyat Terengganu
Started as a drilling and blasting services in 1977, MINETECH is currently involved in various business segments, including civil engineering, bituminous products, renewable energy and financial technology. Sure will make a good come back this company
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....
Trojan888
13 posts
Posted by Trojan888 > 2022-08-02 22:13 | Report Abuse
Minetec got no new job recently.. confirmed will keep losses.