PETALING JAYA (Jan 17, 2014): Kumpulan Jetson Bhd is planning a place out 17.1 million new shares to raise up to RM12.57 million for its working capital.
The indicative issue price of 74 sen per share is a 10% discount to its theoretical ex-price shares and five-day volume weighted average market traded price of its existing shares.
The group said in a filing with Bursa Malaysia yesterday that it plans to place out the shares to third party investors to be identified at a later date.
The shares will be placed out via KAF Investment Bank Bhd, the adviser and sole placement agent for the exercise.
Jetson said the proposed private placement are expected to contribute positively to of the Group.
"Upon completion of the proposed private placement, the enlarged capital base is also expected to further strengthen the financial position of the company," it added.
I think 0.65 is the lowest, I think major shareholders are behind this price drop, if they don't buyback before T3, then they have to declare the change to bursa
They pulled the prices down to collect a lot at 21.5 and 22 sen. Now jack up to release.. make tons of money from unsuspecting buyers.. mother go up opportunity to jack up baby. When mother 69.5 wa is only 21.5 to 22 sen. look now..and compare?
Aggressive sell-off by someone to depress the already battered share price. Unfortunately, we can only find out the perpetrator in the company's 2014 Annual Report in mid 2015.
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jenson68
1,420 posts
Posted by jenson68 > 2014-04-05 17:33 | Report Abuse
Agreed with Tripaka.
This counter seem will fly soon as 69 sen quite firm since past few week. Accumulate now while price low.