On behalf of the Board of Directors of Perak Transit (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:
(I) Proposed bonus issue of up to 114,294,800 new ordinary shares in the Company ("Perak Transit Share(s)”) (“Bonus Share(s)”) to be credited as fully paid-up on the basis of 1 Bonus Share for every 10 existing Perak Transit Shares held on an entitlement date to be determined and announced later (“Entitlement Date”) (“Proposed Bonus Issue of Shares”); and
(II) Proposed issuance of up to 571,474,000 free warrants (“Warrant(s)”) on the basis of 1 Warrant for every 2 Perak Transit Shares held on the same Entitlement Date (“Proposed Free Warrants Issue”).
(Collectively referred to as the Proposals).
Further details on the Proposals are set out in the attachment enclosed.
Ijl88 though not elected as dirktor I already propose..they take different proposal 1for 10 and free warrants.1:5 rejected. Better except the proposal.
Eden 1:10 how much can dilute,that is why not 1:5 Then wth free warrant and token dividen.
Today if break at 31.5 will be new high The 29.5 cts is to give fair exit and act as bargained to contro price movement so to give fair chances to real investors.
Long term investors will definetly give good retun to their invesment.
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cicakman
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Posted by cicakman > 2017-06-05 12:59 | Report Abuse
Durian or jack fruit?