Additional Listing Announcement /Subdivision of Shares BCM ALLIANCE BERHAD
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal ESOS Details of corporate proposal Employees' Share Option Scheme No. of shares issued under this corporate proposal 469,410,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0291 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 2,034,112,087 Issued Share Capital ($$) Malaysian Ringgit (MYR) 167,230,258.660 Listing Date 19 Jan 2022
2. By scenery: Con liar stockraider aka whistlebower99 aka thehoff spamming all penny stocks here n in FB GorengGroupFB. He non stop since early 2021 days n nights, working very hard for syndicates to collect at low n causes all penny stock lost above 5,000% - 10,000%
He use company PP to spam down price even after those have alredi consolidated n RI, until they fall below consol price. Ridiculously. This conman has caused millions of people losing huge yet he say he help newbies.
Those ppl lost until bankrupt, don't commit suicide go 2 find him out n ask him 2 compensate your losses.
Name of registered holder Cheng Li Ping Date interest acquired & no of securities acquired Date interest acquired 17 Jan 2022 No of securities 164,293,500 Circumstances by reason of which Securities Holder has interest Exercise of Employees' Shares Option Scheme Nature of interest Direct Interest
Total no of securities after change Direct (units) 164,293,500 Direct (%) 8.077
Name of registered holder Kiu Cu Seng Date interest acquired & no of securities acquired Date interest acquired 17 Jan 2022 No of securities 305,116,500 Circumstances by reason of which Securities Holder has interest Exercise of Employees' Share Option Scheme Nature of interest Direct Interest
Total no of securities after change Direct (units) 305,116,500 Direct (%) 15
I am surprised only 2 employees are each offered 164M & 305M BCMall shares respectively to suddenly become substantial shareholders. Wow! Got so much money to buy so many shares
You are right NoEmo. This only happens under Bursa. ESOS normally given to all employees as an incentive and to thank them for their loyalty and hard work . On a brighter note with the ESOS BCMall is even more cash rich for further M&A activities and expansion. Believed BCMall have great potential to pump in so much money
pineapple123 Who are these 2 new sub SH? ---------- Mr. Kiu Cu Seng... Is it the same person with the employee of Energem Corp., MR Cu Seng Kiu ?????
Energem Corp. Tower 11 (Sanichi) Level 10 Avenue 5, No. 8 Jalan Kerinchi Bangsar South Kuala Lumpur 59200 Malaysia Sector(s): Financial Services Industry: Shell Companies
Full Time Employees: Mr. Cu Seng Kiu Chief Financial Officer
Energem Corp. (ENCPU) NasdaqGM - NasdaqGM Real Time Price. Currency in USD Add to watchlist Quote Lookup
10.080.00 (0.00%) At close: January 24 11:05AM EST
Energem Corp. Level 3, Tower 11, Avenue 5, No. 8, Jalan Kerinchi, Bangsar South 59200 Wilayah Persekutuan Kuala Lumpur, Malaysia Attn: Swee Guan Hoo Chief Executive Officer
------------
Swee Guan Hoo is also related to BCMall...
Type of Board Committee Remuneration Committee Date of change 13 Dec 2021 Salutation MR Name HOO SWEE GUAN Age 39 Gender Male Nationality Malaysia Type of change Resignation Designation Member of Remuneration Committee Directorate Executive
I think, Sanichi, BCMall Director Hoo Swee Guan, Mr Kiu Chu Seng and Energem Corp. are related to the emergence of the two new substantial shareholders.
WHAT FOR AND WHAT ARE THEIR MOTIVES ?...... WATCH OUT IN FUTURE...
pihak berkuasa masih tak mau ambil tindakan kah? tertidur ke?
“Company’s shares are not commodities or currencies. There are also similar small-cap companies on Bursa Malaysia that have been on a private placement spree that saw their share based ballooning by three to four times since 2020,” said an analyst.
“It is something to be looked into by the authorities.”
In a filing with Bursa Malaysia on Monday, the medical equipment supplier announced that two of its employees, Kiu Cu Seng and Cheng Li Ping, have exercised their share option and emerged as the largest shareholders in the company.
PETALING JAYA: New substantial shareholders have emerged in BCM Alliance Bhd in an unusual corporate exercise through an employee share option scheme (Esos).
In a filing with Bursa Malaysia on Monday, the medical equipment supplier announced that two of its employees, Kiu Cu Seng and Cheng Li Ping, have exercised their share option and emerged as the largest shareholders in the company.
BCM Alliance said Kiu has exercised about 305.1 million shares or 15% stake for RM8.88mil, making him the single-largest shareholder in the com…
In a filing with Bursa Malaysia on Monday, the medical equipment supplier announced that two of its employees, Kiu Cu Seng and Cheng Li Ping, have exercised their share option and emerged as the largest shareholders in the company.
PETALING JAYA: New substantial shareholders have emerged in BCM Alliance Bhd in an unusual corporate exercise through an employee share option scheme (Esos).
In a filing with Bursa Malaysia on Monday, the medical equipment supplier announced that two of its employees, Kiu Cu Seng and Cheng Li Ping, have exercised their share option and emerged as the largest shareholders in the company.
BCM Alliance said Kiu has exercised about 305.1 million shares or 15% stake for RM8.88mil, making him the single-largest shareholder in the company.
Meanwhile, Cheng exercised 164.3 million shares or 8.1% stake in BCM Alliance for RM4.78mil.
Both Kiu and Cheng exercise their Esos at 2.91 sen a share, which is about 17% discount to market price.
Minority Shareholder Watchdog Group (MSWG) chief executive officer Devanesan Evanson said it is “not normal for Esos shares of that size” to be granted to just two employees.
“Normally, larger portions of Esos shares are granted to the CEO, the executive directors and the C-suites.
“Also, shares are granted across a larger cross section of employees. The board should further explain their Esos,” he told StarBiz.
A market observer pointed out that it is unusual for a company to issue Esos to only two employees.
“Esos can be used for fundraising purposes but you can’t only issue it to two employees. This is my first time seeing such a case,” he said. “It is more of a reward for the company.”
BCM Alliance’s management could not be reached at press time.
It is worth noting that the Esos was proposed in February last year, involving up to 30% of its total number of issued shares for “eligible directors and employees of the company and its subsidiaries.”
In a circular to shareholders last year, BCM Alliance said the proposed Esos is primarily to drive and motivate the eligible persons to work towards achieving the group’s goals and objectives.
It is also to reward the eligible persons in recognition of their accumulated contribution to the operations and continued growth of the group.
“It is also to retain the eligible persons by giving a sense of ownership, loyalty and belonging to the group by enabling them to participate directly in the equity of the company,” it said.
BCM Alliance noted that any proceeds from the Esos will be utilised for the company’s working capital purposes.
Interestingly, prior to the Esos, BCM Alliance has also embarked on several fundraising exercises including rights issues and private placement.
In total, BCM Alliance has issued 1.6 billion new shares over the span of 12 to 14 months to raise some RM138mil.
Presently, the company has a total share base of almost two billion, up five-fold from 422 million shares as at Dec 31, 2020.
The company is already in a net cash position of RM95mil, thanks to its various corporate exercises, which is bigger that its market capitalisation of RM61mil.
It is unknown what is the role of Kiu and Cheng in the company but the duo is expected to fork out more than RM13mil for their shares.
It is worth noting that shares in BCM Alliance have been on a downward spiral since last year, falling from 28.2 sen to three sen yesterday.
“Company’s shares are not commodities or currencies. There are also similar small-cap companies on Bursa Malaysia that have been on a private placement spree that saw their share based ballooning by three to four times since 2020,” said an analyst.
“It is something to be looked into by the authorities.”
@Good123. We as the bilis shareholders, what can we d0? They follow the law instead of "may be" have an ULTERIOR motives which will give more benefit to them....
For example, the company has a right to determine "the eligible employees of the company". It's up to the company to choose who are eligible employees are. TAYOR
Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of BCM wishes to announce that the following offer of options has been made on 12 January 2022 to the eligible employees of the Company and its subsidiaries to subscribe for the new ordinary shares in the Company ("Options") under the Company’s ESOS, the details of which are as follows:-
Forget the fact that the ESOS was offered to only 2 employees. Many of us small shareholders are obviously unhappy with the BOD action Realistically 469M shares means RM14M is pumped into BCMall. Nobody will invest RM14M unless assured of a reasonable return. BCMall is even more cash rich with the additional RM14M
======================== Changes in Sub. S-hldr's Int (Section 138 of CA 2016) BSL CORPORATION BERHAD
Particulars of substantial Securities Holder Name BCM ALLIANCE BERHAD Direct (units) 9,669,500 Direct (%) 10.006 Date of notice 03 Nov 2021
======================== Notice of Person Ceasing (Section 139 of CA 2016) SANICHI TECHNOLOGY BERHAD
Particulars of Substantial Securities Holder Name BCM ALLIANCE BERHAD Date of cessation 21 May 2021 No of securities disposed 21,160,800 Nature of interest Direct Interest Date of notice 25 May 2021
======================= CONTINUE TO MONITOR :- UTILISATION OF COMPANY FUND FOR STOCK INVESTMENT DIRECTORS PLAN TO RAISE MORE FUND VIA SHARE ISSUANCE TO ESOS, PP FINANCIAL RESULT FOR NEXT FEW QUARTERS (COMING SOON BY MONTH END)
======================= LOW PRICE PENNY STOCKS WITH MULTI-BILLION SHARES
NOSH = 2,034,112,087
WA = 782,350,787 Maturity 2024-08-24 Strike value 0.1000
Particulars of substantial Securities Holder Name SANICHI TECHNOLOGY BERHAD Name of registered holder SANICHI TECHNOLOGY BERHAD 1.) Acquisition of 91,270,000 ordinary shares via open market. 2.) Disposal of 11,970,000 ordinary shares via open market.
Direct (units) 123,300,800 Direct (%) 7.88 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 123,300,800 Date of notice 01 Sep 2021
========================== PENNY STOCK INVEST IN PENNY STOCK
Just as reminder.... wistlebower99 as claimed by others ABSOLUTELY THE STOCK KILLER.
.....By scenery: Con liar stockraider aka whistlebower99 aka thehoff spamming all penny stocks here n in FB GorengGroupFB. He non stop since early 2021 days n nights, working very hard for syndicates to collect at low n causes all penny stock lost above 5,000% - 10,000%
He use company PP to spam down price even after those have alredi consolidated n RI, until they fall below consol price. Ridiculously. This conman has caused millions of people losing huge yet he say he help newbies.
Those ppl lost until bankrupt, don't commit suicide go 2 find him out n ask him 2 compensate your losses.
Many of the "LienHoe" counters made capital call and almost all the counters let subscribers wounded deeply. Not surprise when they farted out their anger !
bought bsl on 16/9/21 at RM0.80 - RM 1.00 sold bsl on 17/2/22 at about RM0.40
who benefit from this investment ?? surely not investors
coming quarters loss millionssss again....
SC malas investigate why esos 30% at RM0.029 only for 2 employees ???
nvm, loss milionsss then pp and RI again... then investment to others penny stock for related party gain milionsss ... easy $$ .. no need susah payah cuci baju.. cuci $$ lagi senang....
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....
JuliusCeasar
1,216 posts
Posted by JuliusCeasar > 2022-01-15 14:42 | Report Abuse
If like this just forget it move up. It would take months before it goes up. Better Avoid and wait for ESOS LISTING COMPLETED first.
TQ MZM2511