Guys I heard from an insider that the QA will probably not be approved because it doesnt meet all the stipulated conditions. Does anyone know anything about this? I am clueless
tanlungshen, the provider of expletives from one forum thread to another. His critical analysis on the management always deliver new investment insights everyday =)
Everyone who are still not sure of the conversion, then read this below...after reading, then go out & buy as it is still cheap.
5229WA CAP-WA CHINA AUTOMOBILE PARTS HLD LTD-WARRANTS Profile for Warrants
Instrument Type : Warrants Description : Warrants issued pursuant to the Bonus Issue of Warrants Listing Date : 03/01/2014 Issue Date : 30/12/2013 Issue/ Ask Price : Not Applicable Issue Size in Unit : 300,000,000 Maturity Date : 29/12/2016 Revised Maturity Date : Exercise/Conversion Period : 3.00 Year(s) Revised Exercise/Conversion Period : Exercise/ Strike/ Conversion Price : MYR 0.3500 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : 1 Warrant : 1 ordinary share of US$0.10 each in CAP Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : The Warrants are issued to the entitled shareholders of China Automobile Parts Holdings Limited ("CAP") on the basis of one (1) free Warrant for every two (2) existing ordinary shares of US$0.10 each in CAP ("Share") held at 5.00 p.m. on 30 December 2013. Each Warrant carries the entitlement to subscribe for one (1) new CAP Share at the exercise price of RM0.35 and at any time during the exercise period as indicated above ("Exercise Period"), subject to the adjustments in accordance with the provisions of the deed poll dated 9 December 2013, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 2 January 2014.
Well, from my observation, Hibiscus Petroleum took 2 and a half months to get the QA approved from SC. Cliq supposedly submitted their QA on the 1st August. Its already been three months.... You can draw your own conclusions. Useless counter in my opinion.
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....
Wolverin3
32 posts
Posted by Wolverin3 > 2015-09-28 13:48 | Report Abuse
Guys I heard from an insider that the QA will probably not be approved because it doesnt meet all the stipulated conditions. Does anyone know anything about this? I am clueless