PRG HOLDINGS BERHAD
KLSE (MYR): PRG (7168)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.125
Today's Change
0.00 (0.00%)
Day's Change
0.125 - 0.125
Trading Volume
203,000
Changes
| Ann. Date | Date | Type | Name | Title | View |
|---|
Discussions
6 people like this. Showing 50 of 2,749 comments
still no one playing this counter...
pretty quiet for almost 6 months already...
2024-05-15 14:42
China agent action is expected, TP 17c... Good new shareholder from singapore..
2024-05-15 15:31
Something happen to this counter as the stock price suddenly surged up and it was above MA200. Window gap (RM0.165) is the support. POC at 0.145. As at today 1st session closed, the big volume is still not flushes out, indicating the stock may move further however it is still early to jump into the conclusion.
2 months ago
Construction and energy, business that will needed by data centre/AI. Slow slow collect now while it still in low price… yummy
2 months ago
still in the same range of 16-17....
need to see the price trends higher....
basically need to break the jink at 20....
stay tune guys....
1 month ago
good closing at 17.5.....
might see the previous high of 18.5 to be broken again in coming days.....
still need to see the price breaks 20c for potential uptrend.....
might go back to previous high range of 25-30.....
let's see how soon this can happen....
1 month ago
holding well at 17....
still need to break the previous high of 18.5......
potential long term uptrend, the price must move above 20....
hope to see the play range between 25-30.....
happy holidays and good luck to all....
1 month ago
Notice of Extraordinary General Meeting ("EGM") on 16/8/2024, 28/6/2024 just finished general meeting. Any good new change?
1 month ago
I would like to ask, why the current market price RM0.13 but new share issued price RM0.2137? Why not buy from marker? Thank you.
This is from MBB App information as below:
7168 PRG PRG HOLDINGS BERHAD
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Others
Details of corporate proposal : PARTIAL SETTLEMENT OF DEBT OWING BY THE COMPANY
AND ITS SUBSIDIARIES ("GROUP") TO DATO' LUA CHOON HANN, BEING THE GROUP
EXECUTIVE VICE CHAIRMAN OF THE COMPANY AMOUNTING TO RM6,482,290.32 TO BE
SATISFIED VIA ISSUANCE OF 30,333,600 NEW ORDINARY SHARES OF THE COMPANY AT AN
ISSUE PRICE OF RM0.2137 EACH ("SETTLEMENT SHARES") ("DEBT SETTLEMENT OF DATO'
LUA")
No. of shares issued under this corporate proposal : 30,333,600
Issue price per share ($$) : 0.2137
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 462,961,045
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 151,488,569.680
Listing Date : 23/08/2024
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
1 week ago
Why the Dato' LUA CHOON HANN disposed the shares all the time from the year beginning, then on 23/8/2024 acquired 30,333,600 with the high price? Anyone can explain? Buy from market just 0.13 to 0.135..... Thank you.
5 days ago
This situation does not involve a typical acquisition but rather a specific type of corporate action known as a **debt settlement through the issuance of new shares**. Here’s a breakdown:
1. **Corporate Proposal**: PRG Holdings Berhad issued new shares to settle a debt owed to Dato' Lua Choon Hann, the Group Executive Vice Chairman.
2. **Issuance of New Shares**: 30,333,600 new ordinary shares were issued at a price of RM0.2137 per share. This price was agreed upon as part of the debt settlement agreement.
3. **Market Price vs. Issued Price**: The current market price of the shares is RM0.13, which is lower than the RM0.2137 price at which the new shares were issued. The higher issuance price likely reflects the terms agreed upon between the company and Dato' Lua, possibly based on factors like previous market prices, valuation, or the negotiation specifics.
4. **Why Not Buy from Market?**: The reason for issuing new shares at RM0.2137 instead of buying at the market price of RM0.13 is because this transaction is part of a negotiated debt settlement, not an open market purchase. The company is satisfying a debt obligation by issuing shares directly to the creditor (Dato' Lua), and the price of RM0.2137 was likely agreed upon during the debt settlement negotiations.
In summary, this isn't an acquisition but a debt repayment strategy where the company issued new shares at a pre-agreed price to settle its debt. The difference between the issue price and the market price reflects the terms of that specific agreement.
4 days ago
Post a Comment
Featured Posts
Latest Videos
.png)
Apps
Top Articles
1
Stock Pick Contest Year 2024
2
Koon Yew Yin's Blog
3
https://dividendguy67.blogspot.com
5
6
7
BFM Podcast
8
Stock Market Enthusiast
CIMB: Uptrend Continues - Is the Best Yet to Come? (Uptrend + Bullish) - KingKKK
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
cK1973
no volume...
agak susah mau naik...
2024-04-26 14:52