LB is for comparision with PA. A better choice or better alternative to PA. I believe in presenting alternative for investors to think and for them to make their own intelligent and informed decision.
On behalf of the Board, UOBKH wishes to announce that the Board had on 18 November 2019 resolved to fix the issue price for the Private Placement at RM0.0477 per Placement Share.
The issue price of RM0.0477 per Placement Share represents a discount of approximately 19.97% to the 5-day VWAP of PARB Shares up to and including 15 November 2019, being the last traded day of PARB Shares immediately preceding the price-fixing date of RM0.0596 per PARB Share.
This announcement is dated 18 November 2019.
If PA cannot even get bank to lend them the money and need to do PP at discount of 19.97% which is against the norm of 10% that speak volume on the quality of the Board and Management.
In fact SC and Bursa rule and regulation stated the PP discount should not be more than 10%. Is the Board aware of this rule and regulation? Should Bursa and SC investigate this breach of rule and regulation?
The problem is the PA is in desperate financial distress loh...!!
thats why place the share out at 5 sen to prevent bankruptcy mah...!!
Posted by Sslee > Mar 4, 2021 10:57 AM | Report Abuse
In fact SC and Bursa rule and regulation stated the PP discount should not be more than 10%. Is the Board aware of this rule and regulation? Should Bursa and SC investigate this breach of rule and regulation?
Memang bodo kalau ikut penipu doggie mike loh...!!
Pa placement less than 5 sen....penipu mike suruh beli 60 sen loh!!
Sekarang baru 47.5 sen....rugi teruk loh!!
Penipu mike cannot be trusted loh!
The problem is the PA is in desperate financial distress loh...!!
thats why place the share out at 5 sen to prevent bankruptcy mah...!!
Posted by Sslee > Mar 4, 2021 10:57 AM | Report Abuse
In fact SC and Bursa rule and regulation stated the PP discount should not be more than 10%. Is the Board aware of this rule and regulation? Should Bursa and SC investigate this breach of rule and regulation?
Chapter six of Bursa Malaysia’s Main Market and ACE Market listing requirements (LR) covers issues related to issuance of new securities involving placements of shares, rights issues, bonus issues, share issuance schemes, dividend reinvestment, issuances of debt securities, redeemable preference shares and convertible securities and other forms of securities that are being issued by a listed company.
One of the popular ways to raise funds for a listed issuer is via private placement of shares. Of course, to do so, the listed issuer would have to first obtain the mandate of its shareholders as required under Section 75 and Section 76 of the Companies Act, 2016.
In addition, the LR also spell out the manner in which the shares will be priced, which is at not more than a 10% discount to the weighted average market price of the shares for the five market days immediately before the price-fixing date.
One-third of the companies listed on Table 1 are raising funds based on indicative share price at either 10 sen or lower and half three of these are raising based on the maximum 20% allowed under the ATRM.
LR also spell out the manner in which the shares will be priced, which is at not more than a 10% discount to the weighted average market price of the shares for the five market days immediately before the price-fixing date. Unless the shareholder approved otherwise during EGM
So wonder why no shareholders vote against the resolution of giving discount of not more than 20% to PP And also allowed Director to subscribe 88.891,000 PP at 4.5 cents ?
Resolution Vote in favour Vote Against Results No. of Shares % No. of Shares % Ordinary Resolution 1 - Proposed Private Placement of up to 525,529,762 new Ordinary Shares in P.A. Resources Berhad ("PARB") ("Placement Share(s)") representing up to 20% of the total number of Issued Shares of PARB. 522,057,180 100.000000 0 0.000000 Carried Ordinary Resolution 2 - Proposed Subscriptions of an aggregate of 88,891,000 Placement Shares at an Issue Price of RM0.045 per Placement Share by Datuk Seri Lau Kuan Kam, Wang Sze Yao @ Wang Ming Way and Hoe Thiam Soon, collectively, to be satisfied entirely via cash. 522,057,180 100.000000 0 0.000000 Carried
As of Insas RI. Read below my EGM questi9n and see whether you understand the reason behind the RI
I am happy to vote “FOR” the RI and ESOS and help the controlling shareholder Dato Sri Thong and PAC to increase their controlling holding beyond 33% and in return will BOD/Management take the following steps to unlock the value of Insas?
A. Put the healthy balance sheets to work in productive way and unlock Insas value
1. Increase dividend?
2. MGO waiver to restart Share Buy-Back?
3. Make acquisition to create new avenues for business growth?
B. Better PR and communication
1. Invite IB to cover Insas and hold a financial briefing with IB as what Inari is doing?
2. Increase Transparency in Investment Holding and Trading?
Pls stop angkat kaki of major shareholder mah...!!
1. No MGO waiver for share buy back.They should distribute the treasury share loh!
Posted by Sslee > Mar 5, 2021 8:09 AM | Report Abuse
As of Insas RI. Read below my EGM questi9n and see whether you understand the reason behind the RI
I am happy to vote “FOR” the RI and ESOS and help the controlling shareholder Dato Sri Thong and PAC to increase their controlling holding beyond 33% and in return will BOD/Management take the following steps to unlock the value of Insas?
A. Put the healthy balance sheets to work in productive way and unlock Insas value
1. Increase dividend?
2. MGO waiver to restart Share Buy-Back?
3. Make acquisition to create new avenues for business growth?
B. Better PR and communication
1. Invite IB to cover Insas and hold a financial briefing with IB as what Inari is doing?
2. Increase Transparency in Investment Holding and Trading?
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....
Sslee
6,877 posts
Posted by Sslee > 2021-03-04 09:36 | Report Abuse
Haha,
PA trend is moving south now do you want to trap people in PA?