After a huge disappointment on Maybulk 2 mths ago, it's NIIIIICEEE to see I've not completely lost my touch =) I'm still holding Maybulk btw...encouraged even there, becos today a huge paper loss on OKK in Japan (bought ¥1,190 in 2018) almost vanishes( it dropped to as low as ¥253 last yr) as it soars 15% to ¥1,154! NEVER give up!!! Ganbatte!!! =D
its good that the private placement price is very low. Good to the new investor, not so good for the existing minority shareholder. I they purposely push down the price to make sure the PP price is almost lowest.
I believe many people doesn't subscribe to The Edge, so I have typed its original article down here regarding possible cooperation between SMTrack and AHB. The article is as below:
"There have been interesting developments at SMTrack Bhd, whose shares were trading just below 10 sen a month ago before rising to a two-year high of 30 sen last Friday.
First, the radio-frequency identification solutions company completed a private placement exercise on Dec 24, raising RM6.84 million, based on a placement price of 7.47 sen per share.
Then on Dec 29, Tan Sri Lee Kim Yew, the founder and executive chairman of Country Heights Holdings Bhd, emerged as a substantial shareholder of SMTrack after the acquisition of 28.5 million shares or a 5.05% stake via an open market transaction.
Last Thursday, SMTrack disclosed that it is in the early stages of negotiations with a government-linked company in relation to the latter's interest in the company.
A day later, Datuk Justin Lim Hwa Tat and Datuk Seri Tan Choon Hwa also surfaced as the company's new substantial shareholders, holding 5.14% and 5.4%, respectively.
It appears that something big could happen as a signing ceremony - between SMTrack, Country Heights, Jiankun International Bhd, Sersol Bhd, AHB Holdings Bhd, Techna-X Bhd, MQ Technology Bhd and 5G Infratech Malaysia Sdn Bhd - is scheduled to be held on Jan 13.
Note that Lee's son in law Jared Lim is executive director of Techna-X, while Hwa Tat is managing director of Sersol. Tan sits on the Jiankun board as executive director.
All these stocks have gained traction in recent days. While investors will be waiting to see what the collaboration is about, they will still need to be mindful as the excitement does not necessarily translate into returns."
Reference is made to an article titled “What’s brewing at SMTrack and a few other companies” which appeared in The Edge on 10 January 2022.
The Board of Directors of the Company (“Board”) wishes to clarify that the Company is in early stage of discussion with the companies concerned mentioned in the article of which no agreement has been reached and the date of the signing of agreement has not been confirmed at this juncture.
In the event any decision or agreement is made in relation thereto, the Board will make the necessary announcement in compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad accordingly.
uncle, untie,......don`t put your money in the bank,.......not worth it, only bank making your money,......stock market is booming now,......invest, make yourself rich,......< ONG SUDAH MALI >
Changes in Director s Interest (Section 219 of CA 2016) 11 Jan 2022, 07:00 Particular of Director Name FOLK JEE YOONG Address - NRIC - Nationality Malaysia Descriptions (Class & Nominal Value) Ordinary Shares
Change Detail Change Date 11 Jan 2022 Change Reason Disposal of 100,000 ordinary shares via open market
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....
dompeilee
11,888 posts
Posted by dompeilee > 2022-01-07 16:55 | Report Abuse
It's all up to individual...this stock can go crazy or kana reversal at any time....only goreng insiders know what their tgt is...