We refer to the announcements made on 30 November 2017, 4 December 2017, 11 December 2017, 14 December 2017, 8 February 2018, 15 February 2018, 20 February 2018 and 21 February 2018 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the Company had on 23 February 2018 received a Subscription Notice from Macquarie Bank for the subscription of 4,000,000 Perak Transit Shares at a subscription price of RM0.2701. This subscription price represents a discount of approximately RM0.030 or 9.997% to the 5-day volume weighted average market price (“5D-VWAP”) of Perak Transit Shares up to and including 22 February 2018 of RM0.3001.
Nick, Perak Transit's private placement (PP) make me rethink to MGB (ex-named MLGLOBSL), due to PP, MGB has provided a lot of rooms and rose as high as we cant imagine. No wonder UOB , TA, and PBB like so much PTRANS.
Total PP = 120Million Subscriber = Macquarie Total subcribed so far = 6m ( 2mx0.257 , 4mx0.2701) volume weighted average price (“VWAP”) during 5 consecutive trading days minus 10%. The higher the price we push, macquarie need to pay more and PTRANS will get more. Balance = 125m - 6m = 119m - Must be fully subscribed at any time within 6 months (max is Aug'18) am expecting Macquarie will increase subscription amount from next week onwards as the price momentum is upward since coverage by few investment bank will attract retailer n institutional plus mainboard listing plan.
Floor Price = 0.25. worst case scenario.
as said by Public Invstment bank, the journey just started. we shall see 0.51 gradually in 6 months time or sooner depending on market force and sentiment surrounds.
Agreed, bro. Not only that, other construction stocks like BENALEC, BPURI, HOHUP, JETSON, IKHMAS, PRTASCO, PUNCAK and ZELAN also need to avoid. . (Except good FA construction counters ). Some more, PTRANS going to transfer to Main Board in this 2018.
1. Details of corporate proposalWhether the corporate proposal involves the issuance of new type and new classof securities? NTypes of corporate proposal : Private PlacementDetails of corporate proposal : PRIVATE PLACEMENT OF NEW ORDINARY SHARES INPERAK TRANSIT ("PERAK TRANSIT SHARES" OR "SHARES") ("PLACEMENT SHARES"),REPRESENTING NOT MORE THAN 10% OF THE ISSUED SHARE CAPITAL (EXCLUDING TREASURYSHARES, IF ANY) OF PERAK TRANSIT ("PRIVATE PLACEMENT")No. of shares issued under this corporate proposal : 4,000,000Issue price per share ($$) : 0.2701Par Value ($$) (if applicable) : 0.000Latest issued share capital after the above corporate proposalIn the followingUnits : 1,263,399,300Issued Share Capital ($$) : Malaysian Ringgit (MYR) 127,355,458.000Listing Date : 28/02/2018Remarks:You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
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Haters
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Posted by Haters > 2018-02-23 12:34 | Report Abuse
good stock.