[INGENIEU] Conversion of Preference Shares on 25-Feb-2021
Announcement Date
25-Feb-2021
Listing Date
26-Feb-2021
New Type/Class?
No
Type
Conversion of Preference Shares
Details
Conversion period of 5 years. Irredeemable Convertible Preference Shares (ICPS) at an issue price of RM0.06 per ICPS together with free detachable Warrants on the basis of 8 ICPS together with 1 free Warrant for every 2 existing Ordinary Shares
No. of shared issued
1,208,800
Issue Price
Malaysian Ringgit (MYR) 0.120
Par Value
0.000
Total NOSH
597,657,296
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Conversion of Preference Shares - 1,208,800 shares at 0.120
So?.. how much institutional bank want their profit to be?..
mother share now ONLY 12-14cts ...
Institution banks might jack up mother share further (as per what did to Tawin fr 0.14 to 0.36) to take profit and to have more buffer zone?
2021-03-02 12:02