EGM on 4/8/2020 to approve on the Right Issue proposal. Is this good to minority's shareholders ?? What is the ex price , 15 sen ?? Lower than Last year October 2019 PP share price 22 sen ? NTA 25 sen will be diluted , share price will be lower .
Sifu calvin,after Ex date RI is different story.. Now we talk price reaction after announced RI..Price sure drop & need month or year to recover..to play safe,better sell now & wait to buy again
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Mikecyc
44,231 posts
Posted by Mikecyc > 2020-07-11 11:44 | Report Abuse
Refer to Q2 ended Feb'2020 , PP shares of 46,500,000 shares is ex on 18/10/2019 with RM 0.22 .
From the PP fund raising RM 10,230,000 ,
RM 4,739 ,000 is used as working capital.
Balance is RM 5,491 ,000 .
>> PP shares subscribers will sell their shares above RM 0.22 ????