@NEWBIE LKL also buy their beds from China, connect some Malaysian sourced parts and do some creative reporting to barely pass the Made in Malaysia criteria. So no, China doesn't need our medical beds.
I) SHARE CONSOLIDATION; (II) DIVERSIFICATION; (III) RIGHTS ISSUE WITH WARRANTS; AND (IV) SIS
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 30 January 2023, resolved to grant the Company an extension of time until 17 May 2023 to implement and complete the Rights Issue with Warrants and thereafter implement the SIS.
This announcement is dated 30 January 2023.
============ Update on progress of Multiple Proposal
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
RENOUNCEABLE RIGHTS ISSUE OF UP TO 291,480,162 NEW ORDINARY SHARES IN LKL INTERNATIONAL BERHAD ("LKL" OR THE "COMPANY") ("LKL SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.17 PER RIGHTS SHARE TOGETHER WITH UP TO 194,320,108 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 27 FEBRUARY 2023
==================== TAKE NOTE OF THE IMPORTANT DATES :-
==================== Date for commencement of trading of rights 28 Feb 2023 Date for cessation of trading of rights 07 Mar 2023
==================== Acceptance and Payment 14 Mar 2023 05:00 PM Excess share application and payment 14 Mar 2023 05:00 PM
=================== Date for announcement of final subscription result and basis of allotment of excess Rights Securities 21 Mar 2023
=================== Available/Listing Date 28 Mar 2023
==================== - ISSUE PRICE OF RM0.17 PER RIGHTS SHARE - 3 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS FOR EVERY 1 EXISTING SHARE
Get your money ready to contribute to directors fund raising exercise.
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 StartOfTheBull > 2022-11-03 09:28 | Report Abuse
LKL, Notion, and other gloves stocks were also very speculative two and a half years ago during pandemic peak. Trade with caution.