Liew Chee Yoong of the Center for Market Education said poor performance would continue, from a combination of the ringgit’s depreciation, scandals in corporate governance, and weak legal enforcement in the capital markets.
Consolidate 10 to 1, after excercising and getting their right issues money plus PP 30% of NOSH. Back to square one again. How much is the right issue per share? How are their shareholders going to feel?
(i) proposed consolidation of every 10 ordinary shares in LKL (“LKL Shares” or “Shares”) into 1 LKL Share (“Consolidated Share”) (“Proposed Share Consolidation”);
(iii) proposed renounceable rights issue of up to 291,480,180 LKL Shares (“Rights Shares”) together with up to 194,320,120 free detachable warrants in LKL (“Warrants”) on the basis of 3 Rights Shares together with 2 free Warrants for every 1 Consolidated Share held by the entitled shareholders of LKL on an entitlement date to be determined (“Proposed Rights Issue with Warrants”); and
(iv) proposed establishment of a share issuance scheme of up to 30% of the total number of issued Shares of LKL (excluding treasury shares, if any) to the eligible directors and eligible employees of LKL Group (“Proposed SIS”),
This announcement is dated 17 June 2022.
==================== Another high NOSH penny stock going for share consolidation follow by fund raising via rights issue with free warrants like many other high NOSH low price penny stocks
==================== TAYOR, don't be caught at high price
============== On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 18 August 2022, approved the following:
(i) Proposed Share Consolidation; (ii) listing and quotation of up to 97,160,060 Consolidated Shares arising from the Proposed Share Consolidation; (iii) admission to the Official List and listing and quotation of up to 194,320,120 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants; and
(iv) listing of: (a) up to 291,480,180 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants; (b) up to 194,320,120 new LKL Shares to be issued pursuant to the exercise of the Warrants; and (c) such number of new LKL Shares representing up to 30% of the total number of issued shares of LKL (excluding treasury shares, if any) to be issued pursuant to the exercise of the SIS Options under the Proposed SIS.
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN LKL INTERNATIONAL BERHAD ("LKL" OR THE "COMPANY") ("LKL SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 14 OCTOBER 2022 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
=============== Take note of ex-date for 10:1 shares consolidation Price might still be on high side at this moment Based on similar exercise by other penny stock, price could weaken further even after completion of exercise
=============== After shares consolidation, directors will proceed with fund raising via rights issue with free warrants, which shareholders have to fork out more money
On behalf of the Board, TA Securities wishes to announce that LKL’s existing number of 971,600,600 Shares will be consolidated into 97,160,054 Consolidated Shares after 5.00 p.m. today (after disregarding the fractional entitlements arising from the Share Consolidation) pursuant to the Share Consolidation.
The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 17 October 2022.
On behalf of the Board, TA Securities wishes to announce that the Share Consolidation has been completed following the listing and quotation of 97,160,054 Consolidated Shares on the ACE Market of Bursa Securities with effect from 9.00 a.m. today.
This announcement is dated 17 October 2022.
================ After share consolidation, NOSH = 97,160,054 Current NOSH set to increase with more directors fund raising activities via share issuance to RI, PP, ESOS
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....
Posted by Good123 > 2022-06-20 14:31 | Report Abuse
Jumpa anda di 2sen macam pasukhas nanti. :)