EDUSPEC (0107) Overview - EDUSPEC HOLDINGS BERHAD

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 996,517,704 NEW ORDINARY SHARES IN EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY") ("EDUSPEC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.03 PER RIGHTS SHARE TOGETHER WITH UP TO 498,258,852 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 7 APRIL 2023 ("RIGHTS ISSUE WITH WARRANTS")

=================
Details of such valid acceptances and excess applications received are as follows:-

____________________________________No. of Rights Shares_____% of total issue
Total valid acceptances________779,119,900___85.25
Total valid excess applications______576,009,353___63.03
Total valid acceptances and excess applications______1,355,129,253___148.28
Total Rights Shares available for subscription______913,884,504___100.00
Over-subscription______441,244,749___48.28

Successful applicants of the Rights Shares will be given Warrants C on the basis of 3 Warrants C for every 6 Rights Shares successfully subscribed for.

This announcement is dated 3 May 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3349798

===============
Rights issue with free warrant over subscribed by 48.28%

The Rights Shares and Warrants C are expected to be listed on the ACE Market of Bursa Securities on 11 May 2023.

Will the retail subscribers make money upon listing of rights and free warrant ?

Good luck but don't expect price to rise too high.

NOSH = 1,066,198,588 (exceeded 1 BILLION shares even after share consolidation !!!)
WC = 456,942,252 (estimated based on 3 WC for 6 rights shares)

==============
TAYOR, set realistic target

2023-05-05 14:45

Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

===============

2023-05-05 14:45

Prior to the shares consolidation of 20 into 1, mkt cap is around RM30M+ (3B+ shares @Rm0.01)

After the shares consolidation and the rights issues of 6 for 1 at RM0.03, mkt cap now is RM32M (1.066B shares @Rm0.03)

2023-05-09 09:26

M55555

RI price...akakakakakakkakaka

2023-05-09 10:11

FOR NEWBIES

Be informed :-

Available/Listing Date 11 May 2023 for rights shares and warrant
Number of rights shares = 913,884,504 (@ 0.03 per share)
Number of WC = 456,942,252

=================
Will the price drop below rights issue price (0.03) like other penny stock rights shares?

2023-05-09 10:33

2023-05-09 10:59

Basing on the current price of RM0.03 n the possible opening price of WC at RM0.01 on 11 May, the mkt value of yr shares n WC on 11 May could be 700K @ Rm0.03 + 300K WC (Rm0.01) = RM21K + RM3k= RM24K

A possible whopping paper loss of RM14K or 36%+ from yr investment cost of RM38K

2023-05-09 11:06

Joe

EDUSPEC needs a new management team to come in....to safe this company....

2023-05-09 11:12

Joe

I believe... New investor coming in to company to make changest soon....

2023-05-09 22:37

FOR NEWBIES

Renounceable rights issue of up to 996,522,210 Eduspec Shares ("Rights Shares") at an issue price of RM0.03 per Rights Share together with up to 498,261,105 free detachable warrants in the Company ("Warrants C") on the basis of 6 Rights Shares together with 3 free Warrants C for every 1 share held ("Rights Issue with Warrants")
EDUSPEC HOLDINGS BERHAD

i) EDUSPEC’s 456,942,233 Warrants C issued issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of Bursa Securities and the listing and quotation of the Warrants C on the ACE Market will be granted with effect from 9.00 a.m., Thursday, 11 May 2023.

ii) EDUSPEC’s 913,884,504 new Shares issued pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Thursday, 11 May 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3350687

================
Take note of listing date for rights shares and new warrant C

Even after share consolidation, close to 1 BILLION shares to be listed together with about 1/2 BILLION WC !!!

================
New NOSH = 1,066,198,588
WC = 456,942,233

================
TAYOR, don't expect price to rise much

2023-05-10 12:57

Joe

However... It all depends on the new Boss coming in..... Soon...

2023-05-11 23:05

New boss come in to takes care of own pocket not investors pocket.

RIGHTS ISSUE WITH WARRANTS

On behalf of the Board, Kenanga IB wishes to announce that the Rights Issue with Warrants has been completed following the listing and quotation of 913,884,504 Rights Shares, 456,942,233 Warrants C and 52,399,268 additional Warrants B on the ACE Market of Bursa Securities with effect from 9.00 a.m. today.

This announcement is dated 11 May 2023

2023-05-12 14:13

TheCrown

Eduspec forever a scam counter.. Only the fool will being fooled by those bastrds manage thos bloody Eduspec hahaha

2023-05-12 15:18

Amount raised from rights issue = 913,884,504 X 0.03 = RM27.5 million
Lots of quick and easy money

Monitor when will new boss finish using the fund

2023-05-12 15:49

TheCrown

Simple, don't touch this bloody counter. Scam people's money only

2023-05-12 16:20

LIST OF TOP 30 SHAREHOLDERS AS AT 31 May 2022 (Annual Report of Eduspec 2022)

1. CgS-CIMb Nominees (Tempatan) Sdn bhd
Pledged Securities account For andrew Tan Jun Suan (My1868)
3. Inter-Pacific Equity Nominees (asing) Sdn bhd
Pledged Securities account For Chen, Quanqing (aC0106)
6. Chen, Quanqing
9. Cimsec Nominees (Tempatan) Sdn bhd
CIMb For andrew Tan Jun Suan (Pb)
10. Lim Chia Loon
11. Ta Nominees (Tempatan) Sdn bhd
Pledged Securities account For Liang Tian Jing
12. JF apex Nominees (Tempatan) Sdn bhd
Pledged Securities account For Liang Tian Kiat (Margin)
14. M & a Nominee (Tempatan) Sdn bhd
Pledged Securities account For andrew Tan Jun Suan (M&a)
24. Ta Nominees (Tempatan) Sdn bhd
Pledged Securities account For Liang Tian Kiat
25. Shen, yumei
26. Lye Loi Keng
27. Lau Fei Fei
30. Er Chun Tat

2023-05-13 10:35

The above r the shareholders of Tanco as well, leaded by Andrew Tan.

The game started since 2022.

After a series of major corporate exercise this year (20 shares consolidation into 1 and right issues), let's c who else will appear into the top 30 shareholders list in the coming Annual Report 2023 (to be released in June soon).

See whether Andrew n friends will bring all to Heaven or to Holland.....

2023-05-13 10:56

Analyst

Scammers have thrown to sell shares for 6 million shares at 2.5 cents with such transactions done to create anxiety and panic for selling pressure to existing retailers.

Do not be too positive and place hope on the new management team as this is a 'JUNK' counter which there is limit to its performance.

Be risk prudent and fund management. Trade at your OWN RISK (TAYOR).

2023-05-15 11:48

FOR NEWBIES

Take note change of substantial shareholders :-

Notice of Person Ceasing (Section 139 of CA 2016)

Particulars of Substantial Securities Holder
Name DATO' SRI ANDREW TAN JUN SUAN
Fall in the percentage of shareholdings arising from the enlarged share capital of the Company due to rights issue.
Date of notice 15 May 2023

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3351789

(DATO' SRI ANDREW TAN JUN SUAN is director of TANCO ?)

=====================
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

Particulars of Substantial Securities Holder
Name DATO' SRI GAN CHOW TEE
No of securities 78,285,500
Acquisition of shares via rights issue
Direct (units) 78,809,300
Direct (%) 7.392
Date of notice 15 May 2023

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3351788

(DATO' SRI GAN CHOW TEE is director of FITTERS?
======================

Sama sama directors of other loss making penny stocks

2023-05-16 12:01

EH Lim has passed the baton to Gan Chow Tee and eduspec counter price still nothing

https://www.businesstoday.com.my/2023/05/19/eduspec-holdings-appoints-dato-sri-gan-chow-tee-as-chief-executive-officer/

2023-05-24 11:27

6 / 6 / 2023 - Mengadakan perbincangan dengan Menteri Pendidikan, YB Fadhlina Sidek pagi tadi di Parlimen berkaitan persediaan mesyuarat Majlis Sains Negara esok.
Sempat juga bertukar padangan khususnya mengenai isu pendidikan STEM yang sememangnya berkait rapat dengan pembangunan sains, teknologi dan inovasi negara.

please read here -- www.facebook.com/changlihkang/

2023-06-07 10:33

Price influencer can't fry share price trying hard to fry WB price

WB has only 66,172,666
Maturity 2024-09-30
Strike value 0.3300
https://www.klsescreener.com/v2/stocks/view/0107WB

Can easily fried up to 0.25 like VSOLAR-WB

Let enjoy the show

Bursa enforcement can't do anything about it

2023-06-09 09:08

2023-06-12 21:30

Price influencer will likely attempt to play up the stock price for big RI subscribers to release their free warrants to retailer

2023-06-13 09:09

14 / 6 /2023 PEMBANGUNAN BAKAT STEM NEGARA
...Dalam ucapan saya, saya menekankan kepentingan bakat STEM (Sains, Teknologi, Kejuruteraan, dan Matematik) dalam memacu pertumbuhan teknologi, khususnya di negara-negara ASEAN. Sebagai Menteri Sains, Teknologi dan Inovasi (MOSTI), saya percaya memupuk bakat STEM adalah penting dalam usaha membina kapasiti negara...
www.facebook.com/changlihkang/

2023-06-15 14:38

Changes in Director's Interest (Section 219 of CA 2016) - MR GAN CHIA WAY
www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3361417

2023-06-16 09:32

gorengsaja

diretor buy at 0.035. hihi. let the collecting phase begin before up

2023-06-17 19:34

FOR NEWBIES

Rights issue of up to 996,522,210 Shares at an issue price of RM0.03 per Rights Share together with up to 498,261,105 free Warrants C on the basis of 6 Rights Shares together with 3 free Warrants C for every 1 share held

======================

i) EDUSPEC’s 456,942,233 Warrants C issued issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of Bursa Securities and the listing and quotation of the Warrants C on the ACE Market will be granted with effect from 9.00 a.m., Thursday, 11 May 2023.

ii) EDUSPEC’s 913,884,504 new Shares issued pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Thursday, 11 May 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3350687

================
Even after share consolidation, close to 1 BILLION shares to be listed together with about 1/2 BILLION WC !!!

================
New NOSH = 1,066,198,588
WB = 66,172,666
WC = 456,942,233

================
Major rights subscribers will release their rights shares & free warrants to market in order to free up their fund for next attack

TAYOR, don't expect price to rise much

2023-06-23 13:07

tklim

2023-07-07

Insider

DATO' SRI GAN CHOW TEE (a substantial shareholder) acquired 2,795,700 shares on 06-Jul-2023.
==========================================================

2023-07-07

Insider

DATO' SRI GAN CHOW TEE (a company director) acquired 2,795,700 shares at 0.035 on 06-Jul-2023.

2 months ago

FOR NEWBIES

Profit/(loss) attributable to ordinary equity holders of the parent -319,000
Another quarter of losses
https://www.klsescreener.com/v2/stocks/financial-report/0107/2023-05-31

Multi year loss making high NOSH penny stock
https://www.klsescreener.com/v2/stocks/view/0107/eduspec-holdings-berhad

==================
1. CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY") ("EDUSPEC SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 24 MARCH 2023 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

2. RENOUNCEABLE RIGHTS ISSUE OF UP TO 996,517,704 NEW ORDINARY SHARES IN EDUSPEC HOLDINGS BERHAD AT AN ISSUE PRICE OF RM0.03 PER RIGHTS SHARE TOGETHER WITH UP TO 498,258,852 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 7 APRIL 2023

============
After share consolidation and massive rights issue exercises,
NOSH = 1066198588
WB = 66,172,666
WC = 456,942,233

=============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

1 month ago

tklim

NTA 0.213

1 month ago

stncws

start of pennies

3 weeks ago

Gain of 37.5% to 57% now for those who bought OR at 0.005/0.01 n subscribed the rights

However, for those who bought b4 ex rights still suffer some paper loss now....kampate

3 weeks ago

Andrew is very shy, sell his shareholding below 5% n cease to be a major shareholder...

Instead Chow Tee father n son now controls the Co

C if Chow Tee n son bring the Co to heaven or Holland

3 weeks ago

Bull13

A.I. for STEM??

2 weeks ago

Assuming u bought 2M at RM0.01 (total cost RM20K) b4 shares consolidation of 20 into 1, then u will have 100K shares after Ex Date (or average cost 100K at RM0.20)

Then u subscribe for the rights issues of 6 for 1 at RM0.03 (600K@ Rm0.03= RM18K)

So your total cost will be RM20K+ RM18K= RM38K

In return, u will have 100K + 600K (rights issues)= 700K mother + 300K Free warrant (WC)

2023-05-09 10:59

Basing on closing price of 0.05 (mother) n 0.025 (WC) now, your total investment value is RM35,000 (700K mother) n RM7,500 (300K WC)= RM42,500 (RM4,500 gain or 11.84%) over your initial cost of RM38,000.

As for those who bought OR at 0.005/0.01 n subscribed the rights, your return is much much higher, which is 56.25% to 78.57%.....

We love Chow Tee n Andrew now

2 weeks ago

stncws

RISKY PENNY SALES.

2 weeks ago

Hope Chow Tee n son can turn this co fm a rubbish penny stock into a RM Billion mkt cap Co....like how Andrew Tan did to Tanco....

Wanna do, do properly..

Leave a good legacy to the Gan Family...

Amen

2 weeks ago

ncy810116

uptrend...

2 weeks ago

BabyBull

Orang cina movie cakap "Bertaruh sekali, kaya tiga generasi" Ini kali mesti jadi! Very early of the uptrend, easily see 10x. Nak berli rumah, tunggu 1 tahun boleh 10

2 weeks ago

stncws

speed very fast from base 4.5c to 6c.... follows

2 weeks ago

Kbcpapt

Those kena slice by half then kena divide by 20 still paper loss. Long way to go

2 weeks ago