whoever said TP 0.46 is impossible, he must not see the future of ptrans. dont regret when it switches to main board... and no cheap stock in end of 2018.
Total value of 120m private placement was announced somewhere on Dec last year, the subsequent pp announcement u've seen recently are within the pipeline, and the due diligence is on Aug this year.
So those private placement is good sign or bad sign ? If i m nt wrong they use private placement to do their financing for their capital expenditure rather than borrow from bank hmm..is borrow from bank better or use private placement to do fund raising better ?
bad. this company keep asking people for money. and keep on bloating its own share pool. it is so fat and diluted now. like a big fat lady. so hard to move.
KLCI up 17.30.......PTRANS still sleeeppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp....AIDUI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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, 21 February 2018, 23 February 2018, 27 February 2018 and 28 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 13 March 2018 received a Subscription Notice from Macquarie Bank for the subscription of 4,000,000 Perak Transit Shares at a subscription price of RM0.250. This subscription price represents a discount of approximately RM0.0273 or 9.85% to the 5-day volume weighted average market price (“5D-VWAP”) of Perak Transit Shares up to and including 12 March 2018 of RM0.2773.
We refer to the announcements dated 19 January 2017 and 18 September 2017 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
Further to the SPA and SA dated 19 January 2017 and 18 September 2017 respectively (collectively the “Previous Agreements”) entered into between The Combined Bus and YS Global Development (“Vendor”) (“Parties”) in relation to the Proposed Acquisition and the extension of time for the Vendor to comply and fulfil the Conditions Precedent for the Proposed Acquisition. The Board of Directors of PTRANS wish to announce that The Combined Bus has on 14 March 2018 entered into a supplementary agreement (“Supplementary Agreement”) with the Vendor to grant a further extension of time for a period of 6 months, expiring on 19 September 2018, to facilitate the Vendor to comply and fulfil the Conditions Precedent under Clauses 3.1.1 and 3.1.2 of the SPA (“Extension of Time”). As of to-date, the Conditions Precedent under Clauses 3.1.1 and 3.1.2 have yet to be fulfilled.
The Parties agree that save for the Extension of Time herein, all other terms and conditions stipulated in the SPA shall remain in subsistence and in the event of any conflicting provisions between the Previous Agreements and the Supplementary Agreement, the provisions of Supplementary Agreement shall prevail.
The Supplementary Agreement is available for inspection during the office hours from 9.00 a.m. to 5.00 p.m. from Monday to Friday (except for public holidays) at the registered office of the Company at D-3-7 Greentown Square, Jalan Dato’ Seri Ahmad Said, 30450 Ipoh, Perak Darul Ridzuan for a period of 14 days from the date of this announcement.
This announcement is dated 14 March 2018
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Posted by yawcfd > 2018-03-05 18:04 | Report Abuse
whoever said TP 0.46 is impossible, he must not see the future of ptrans. dont regret when it switches to main board... and no cheap stock in end of 2018.