On behalf of Perak Transit Berhad (“Company”), we are pleased to announce that all the resolutions as set out in the Notice of Extraordinary General Meeting (“EGM”) and the Addendum to the Notice of EGM both dated 3 August 2017 were duly passed by the shareholders of the Company by way of poll at the EGM held on 24 August 2017.
The Group’s bus operations segments outlook is also positive driven by Stage Bus Service Transformation programme as the operation runs all the 19 approved routes since September 2016 with 45 express buses fully delivered in March 2017.
Barring any unforeseen circumstances, the Board is of the opinion that the prospects of the Group’s financial performance for FYE 31 December 2017 will remain favourable.
"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 as the Proposed Bonus Issue of Shares (“Proposed Free Warrants Issue”)"
Does this mean,warrant will only be entitled for those who buy before 3rd august?
@newbie12 I don't think the entitlement date is set so whoever buys from now onwards untill the entitlement date (TBD) will be given warrants, bonus issues, ... Correct me if I'm wrong :)
Trending view to current economics : Fund rising for working capital purpose to increase and enhance profit earning after tax. We must avoid company which like and choose to loan from bank, if like loan from bank, company have to pay interest to the bank every time deduct from their earning. So, propose private placement is the best way to fund rising for Working Capital is Good alternative like Ptrans.
We must read carefully the purpose of private placement is for working capital or to pay interest loan. If purpose only to Rising Fund for its Working Capital to increase company Profit, then is a Good Way.
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 14 SEPTEMBER 2017 ("FREE WARRANTS ISSUE")
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 14 SEPTEMBER 2017 ("BONUS ISSUE OF SHARES")
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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....
nightsmok3
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Posted by nightsmok3 > 2017-08-24 13:18 | Report Abuse
Fyi, this is a glc company.