FSBM Holdings Bhd’s subscription applications for the rights issue in connection with the regularisation plan have reached a subscription rate of 449.57 per cent.
In a statement today, FSBM said that as at the close of acceptance, the total acceptances and excess applications for the rights issue with warrants stood at 1,063,945,972 rights shares, representing 449.57 per cent subscription of the total number of rights shares available for subscription under the rights issue with warrants.
The proposed renounceable rights issue related to 236,659,300 rights shares on the basis of one rights share for every existing FSBM share held at an issue price of RM0.03 per rights share, which includes up to 118,329,650 free warrants on the basis of one warrant for every two rights shares subscribed.
"The proceeds from the proposed renounceable rights issue will be utilised mainly for the expansion of the group’s existing information technology services business and its working capital purposes.
"The proposed regularisation plan is in the final stages and the company believes it will help restore performance and exit our PN17 status,” said the company.
FSBM is an investment holding company which engages in the distribution of computers and related products, and education-related products. - Bernama
PureBULL >>>, [2023-10-18 9:31 PM] FSBM a PENNY stock with 3 new substantial s/holders of 25% of paid up, after 1 : 1 RI. tis a just attempt at a new HH:
PureBULL >>>, [2023-10-20 3:13 AM] FSBM Pang Kiew Kun, a new substantial s/holder. His happening Talent:
In 2016, he set up a company named Aresys Industries Sdn. Bhd., an Industrial Automation and Digital System Integration Provider specialized in providing Industry 4.0 transformation, IoT system integration and smart factory solutions. Mr Pang currently is the Managing Director of Aresys Industries Sdn. Bhd. He has successfully supported various Malaysian SME factories to embark on factory digitalization journey via OEE and MES. Other major accomplishments are the complete digitalization rollout for a plantwide MES+OEE+ERP+CRM+E-commerce implementation for 1 factory under Industry4WRD Intervention Fund and also awarded to implement Vision Inspection System for 5 Rubber Glove Manufacturers in Malaysia and Thailand. In 2020, his company had been appointed by SIRIM Bhd to implement IoT & Digitalization for 3 factories, at the same time they also secured Vision Inspection system contract from 2 large Glove manufacturers and Factory Automation Project from a world-leading disk drive manufacturer and data storage company.
9377 FSBM, FSBM HOLDINGS BHD - + Additional Listing Announcement /Subdivision of Shares 15 Jan 2024, 10:25 Additional Listing Announcement /Subdivision of Shares 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Exercise of Warrants Details of corporate proposal : Conversion of Warrants B No. of shares issued under this corporate proposal : 440,300 Issue price per share ($$) : 0.0500 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 481,710,050 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 21,392,405.491 Listing Date : 16/01/2024 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com N202401153000023EN
August 2023 RP Ccompleted..still under PN17…KLSE must give reasons under which section in non compliance…like Awantec suspend before replying to waiver of RP.etc…can KLSE be sued on such discrepancies?
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TomyamGong
4,134 posts
Posted by TomyamGong > 2023-09-19 19:09 | Report Abuse
Any connection with the news above? As big boys are in the game now