Another high NOSH loss making penny stock going for shares consolidation
IMPIANA HOTELS BERHAD ("IMPIANA" OR THE "COMPANY") I. PROPOSED SHARE CONSOLIDATION; II. PROPOSED AMENDMENTS; AND III. PROPOSED NOTES ISSUE (COLLECTIVELY REFERRED TO AS "PROPOSALS")
Entitlement subject Share Consolidation Entitlement description Consolidation of every 10 existing ordinary shares in Impiana Hotels Berhad (formerly known as Bio Osmo Berhad) ("Impiana") into 1 ordinary share ("Share Consolidation") Ex-Date 06 Feb 2020
============== Multi years loss making
============== Directors continue to receive salaries and payments
1. proposed consolidation of every 5 existing ordinary shares in Impiana (“Impiana Shares” or “Shares”) into 1 Impiana Share (“Consolidated Share(s)”) (“Proposed Share Consolidation”); 2. proposed amendments to the constitution of Impiana (“Constitution”) (“Proposed Amendments”); and 3. proposed issuance of redeemable convertible notes (“Notes”) with an aggregate principal amount of up to RM150.00 million, which will mature on the date falling 36 months from the closing date of the first sub-tranche of the Tranche 1 Notes (“Proposed Notes Issue”).
MULTIPLE PROPOSALS IMPIANA HOTELS BERHAD ("IMPIANA" OR THE "COMPANY") I. PROPOSED SHARE CONSOLIDATION; II. PROPOSED AMENDMENTS; AND III. PROPOSED NOTES ISSUE (COLLECTIVELY REFERRED TO AS "PROPOSALS") IMPIANA HOTELS BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description IMPIANA HOTELS BERHAD ("IMPIANA" OR THE "COMPANY") I. PROPOSED SHARE CONSOLIDATION; II. PROPOSED AMENDMENTS; AND III. PROPOSED NOTES ISSUE (COLLECTIVELY REFERRED TO AS "PROPOSALS") On behalf of the Board of Directors of Impiana (“Board”), Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that the Company proposes to undertake the following:
proposed consolidation of every 5 existing ordinary shares in Impiana (“Impiana Shares” or “Shares”) into 1 Impiana Share (“Consolidated Share(s)”) (“Proposed Share Consolidation”); proposed amendments to the constitution of Impiana (“Constitution”) (“Proposed Amendments”); and proposed issuance of redeemable convertible notes (“Notes”) with an aggregate principal amount of up to RM150.00 million, which will mature on the date falling 36 months from the closing date of the first sub-tranche of the Tranche 1 Notes (“Proposed Notes Issue”).
Please refer to the attachment below for further details.
Announcement Info Company Name IMPIANA HOTELS BERHAD Stock Name IMPIANA Date Announced 07 Jun 2022 Category General Announcement for PLC Reference Number GA1-07062022-00031
Share dumping after using the same hidden hand tactics
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) IMPIANA HOTELS BERHAD
Particulars of substantial Securities Holder Name DATO' SERI ISMAIL @ FAROUK BIN ABDULLAH Nationality/Country of incorporation Malaysia Descriptions (Class) ORDINARY SHARES Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 16 Jun 2022 200,000 Disposed Deemed Interest Name of registered holder Kenanga Capital Sdn Bhd Pledged Securities Account for Impiana Sdn Bhd Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposal of shares by Impiana Sdn Bhd Nature of interest Deemed Interest Direct (units) 293,743,562 Direct (%) 20.338 Indirect/deemed interest (units) 350,827,066 Indirect/deemed interest (%) 24.29 Total no of securities after change 644,570,628 Date of notice 17 Jun 2022 Date notice received by Listed Issuer 17 Jun 2022
Remarks : Deemed interested by virtue of his interest in Impiana Sdn Bhd.
Announcement Info Company Name IMPIANA HOTELS BERHAD Stock Name IMPIANA Date Announced 17 Jun 2022 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-17062022-00049
Tangkap , bicara geng tangan ghaib demi pelaburan yang sihat, sanggup?
Liew Chee Yoong of the Center for Market Education said poor performance would continue, from a combination of the ringgit’s depreciation, scandals in corporate governance, and weak legal enforcement in the capital markets.
================ Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
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....
Posted by Mmnt03 > 2022-01-20 10:00 | Report Abuse
What wrong with impiana?