bahahaha... looks like everyone were losing pants for this "I con u" stock. Stay away from this kind of stock especially related with glove. Coming QR sure go to holland again. Company don't have new project and glove also got no market demand. Later will be something like Mahsing keep chasing Top Glove to buy their factory.
Another low price high NOSH penny stock in the making Massive fund raising via shares issuance to RI and asset acquisition
================ ICONIC WORLDWIDE BERHAD ("ICONIC" OR THE "COMPANY") - PROPOSED ACQUISITION; - PROPOSED RIGHTS ISSUE WITH WARRANTS; - PROPOSED EXEMPTION; AND - PROPOSED SET-OFF
================ (i) proposed renounceable rights issue of up to 1,124,706,544 new ordinary shares in Iconic (“Iconic Shares” or “Shares”) (“Rights Shares”) on the basis of 2 Rights Shares for every 1 existing Share held (“Rights Shares Entitlement Basis”), together with up to 749,804,362 free detachable warrants in Iconic (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined
So cheap, till can dump into dustbin also no one subcribe the right! Drop since announce the new manufacturer plant till today ! Poor management and poor product
ha !...ha !.....hilly land buy for rm68 per sq. ft.,......steep slope,.......how to built,......very dangerous ,.........why buy this kind of land for development,......
(i) proposed renounceable rights issue of up to 1,124,706,544 new ordinary shares in Iconic (“Iconic Shares” or “Shares”) (“Rights Shares”) on the basis of 2 Rights Shares for every 1 existing Share held (“Rights Shares Entitlement Basis”), together with up to 749,804,362 free detachable warrants in Iconic (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue with Warrants”);
=============== On behalf of the Company, M&A Securities wishes to announce that the additional listing application for the Proposed Rights Issue with Warrants and the draft circular to shareholders in relation to the Proposals have been submitted to Bursa Securities.
This announcement is dated 11 January 2023.
=============== One step closer to implementation of rights issue Shareholders need to fork out more money if wish to subscribe for the rights shares
On behalf of the Board, M&A Securities wishes to announce that the Company has submitted an application to Bursa Securities for the withdrawal of the Application with the intention to submit an updated valuation report and valuation certificate in relation to the Proposed Acquisition to Bursa Securities (“Withdrawal Application”). Further, Bursa Securities has taken note of the Withdrawal Application and the Board shall make further announcement on the Proposals in due course.
ICONIC WORLDWIDE BERHAD formerly known as SANBUMI HOLDINGS BERHAD and also formerly known as EMC LOGISTIC BERHAD
Be aware of on-going proposal of fund raising via massive rights issue exercise
(i) proposed renounceable rights issue of up to 1,124,706,544 new ordinary shares in Iconic (“Iconic Shares” or “Shares”) (“Rights Shares”) on the basis of 2 Rights Shares for every 1 existing Share held (“Rights Shares Entitlement Basis”), together with up to 749,804,362 free detachable warrants in Iconic (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue with Warrants”);
================= - PROPOSED ACQUISITION; - PROPOSED RIGHTS ISSUE WITH WARRANTS; AND - PROPOSED EXEMPTION
On behalf of the Company, M&A Securities wishes to announce that the additional listing application for the Proposed Rights Issue with Warrants and the draft circular to shareholders in relation to the Proposals as well as the updated valuation certificate for the Proposed Acquisition have been submitted to Bursa Securities.
This announcement is dated 13 March 2023.
================= Directors taking fast and easy way to raise fund via rights issue requiring shareholders to take out more money to contribute to the fund raising
Upon completion, current NOSH of 562,353,272 will increase to more than 1.5 BILLION shares and with up to 749,804,362 warrants !!!
================ Welcome to high NOSH low price penny stocks club
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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....
MaluNegaraKu
454 posts
Posted by MaluNegaraKu > 2022-05-30 09:10 | Report Abuse
Really No Mercy at all ... 75% drop since the announcement of the new plant ready