Notice of Person Ceasing (Section 139 of CA 2016) METRONIC GLOBAL BERHAD Particulars of Substantial Securities Holder Name FITTERS PROPERTY DEVELOPMENT SDN BHD Address c/o Third Floor, No. 77, 79 & 81 Jalan SS 21/60, Damansara Utama Petaling Jaya 47400 Selangor Malaysia. Company No. 199601040555 (412908-X) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Name of registered holder FITTERS PROPERTY DEVELOPMENT SDN BHD Address of registered holder Wisma FITTERS, No. 1, Jalan Tembaga SD 5/2, Bandar Sri Damansara, 52200 Kuala Lumpur, Wilayah Persekutuan. Date of cessation 08 Sep 2022 No of securities disposed 50,000,000 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of 50,000,000 shares via open market. Nature of interest Direct Interest
Date of notice 09 Sep 2022 Date notice received by Listed Issuer 09 Sep 2022
THE BIG BOSS BOUGHT 50% FITTERS SHARES AT 35SEN,.........CONTINUE TO SELL IT DOWN TO 5%,.......FITTERS SHARE PRICE NOW IS 7SEN,.......WHY ARE THEY SO SILLY SELLING AT LOSS,......WHAT IS THEIR PLAN ?.........SOMETHING VERY FISHY !
THE BIG BOSS HAS ALREADY MAKING SILLY INVESTMENT IN MTRONIC,......THEY BOUGHT MTRONIC ABOVE 6SEN,......SELL ALL AT LOSS BELOW 6SEN,......EASILY LOSS RM10 MIL.
LATELY,......FITTERS CALL FOR RIGHT ISSUE 3 FOR 1,......TO ISSUE 1.8BIL. SHARES.
FITTERS USE TO BE A GOOD COMPANY UNDER IR. WONG MANAGEMENT,.......DON`T KNOW WHAT IS HAPPENING NOW UNDER MR. PANG
Another multi-billion shares penny stock in the making Directors doing easy fund raising via massive rights issue Long term loyal shareholders will be required to dig pocket to contribute to the fund raising
================ RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,862,402,877 NEW ORDINARY SHARES IN FITTERS DIVERSIFIED BERHAD ("FITTERS" OR THE "COMPANY") ("FITTERS SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.065 PER RIGHTS SHARE TOGETHER WITH UP TO 1,241,601,918 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 17 MARCH 2023 ("RIGHTS ISSUE WITH WARRANTS")
=============== Date for commencement of trading of rights 20 Mar 2023 Date for cessation of trading of rights 27 Mar 2023 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 10 Apr 2023 Last date and time for : Sale of provisional allotment of rights 24 Mar 2023 05:00 PM Transfer of provisional allotment of rights 28 Mar 2023 04:30 PM Acceptance and Payment 03 Apr 2023 05:00 PM Excess share application and payment 03 Apr 2023 05:00 PM Available/Listing Date 17 Apr 2023
Closing price on 15 March 2023 = 0.085 Ex price on 16 March = 0.07
Be careful of operators pushing up the price to sell to get the money to subscribe for the rights shares at 0.065
After closing date of rights shares application, risk of price falling before 0.065 is real, based on other similar rights issue of other high NOSH penny stocks.
Latest is BSLCORP price movement after listing date of rights shares !!!
==================== NOSH set to increase from 620,800,959 to 2,483,203,836 shares New warrant = 1,241,601,918
Directors set to receive up to 1,862,402,877 X 0.065 = RM121,056,187 from the fund raising !!!
Be careful with your hard-earned money, better to avoid high NOSH low price penny stocks which might do share consolidation in near future.
Could be similar to BSLCORP rights issue application which was under-subscribed by retail investors/shareholders but supported by other penny stock companies like BCM and CFM which subscribe for massive excess rights shares !!!
Same could happened for FITTERS if they can find friendly parties or directors from other penny stock companies to support their fund raising exercise
Wait for Date for announcement of final subscription result and basis of allotment of excess Rights Securities 10 Apr 2023
Will the price move higher in the coming couple of weeks to entice subscribers?
For this counter, Changing to rights at current price ($0.085) will pegged the holding cost (excluding earlier loss/gain) at $0.059 considering the free warrant at $0.005 post rights.
================== Notice of Interest Sub. S-hldr (Section 137 of CA 2016) METRONIC GLOBAL BERHAD
Particulars of Substantial Securities Holder Name FITTERS PROPERTY DEVELOPMENT SDN BHD Date interest acquired 13 Jul 2022 No of securities 201,000,000 Subscription of rights shares and excess rights shares pursuant to Rights Issue with Warrants
Direct (units) 201,000,000 Direct (%) 13.255 Date of notice 14 Jul 2022
================ Notice of Person Ceasing (Section 139 of CA 2016) METRONIC GLOBAL BERHAD
Particulars of Substantial Securities Holder Name FITTERS DIVERSIFIED BERHAD Name of registered holder FITTERS PROPERTY DEVELOPMENT SDN BHD Date of cessation 08 Sep 2022 No of securities disposed 50,000,000 Date of notice 09 Sep 2022
================ Profit or loss in the investment ?
Be aware that directors can use company fund raised from shares issuance to PP, ESOS, RI for investment in other penny stock
================== TAYOR
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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....
Icon 888
2,215 posts
Posted by Icon 888 > 2022-08-09 22:12 | Report Abuse
DUN touch tis stock ..