if bursa approve their RP plan then maybe another wave...buy in first

THE PROPOSED REGULARISATION PLAN COMPRISES THE FOLLOWING:-

(I) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF AMGB PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 (“ACT”) (“PROPOSED SHARE CAPITAL REDUCTION”);

(II) PROPOSED PRIVATE PLACEMENT OF 62,260,400 NEW ORDINARY SHARES IN AMGB (“AMGB SHARE(S)” OR “SHARE(S)”) (“PLACEMENT SHARE(S)”), REPRESENTING APPROXIMATELY 20.0% OF THE TOTAL NUMBER OF ISSUED SHARES (“PROPOSED PRIVATE PLACEMENT”);

(III) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 280,172,120 NEW AMGB SHARES (“RIGHTS SHARE(S)”), ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 4 EXISTING AMGB SHARES HELD, TOGETHER WITH UP TO 280,172,120 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, BY THE ENTITLED SHAREHOLDERS WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF THE COMPANY (“ENTITLED SHAREHOLDERS”) ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“ENTITLEMENT DATE”) (“PROPOSED RIGHTS ISSUE WITH WARRANTS”); AND

(IV) PROPOSED ACQUISITION OF 102 ORDINARY SHARES IN LOOKHERE NETWORK SDN BHD (“LOOKHERE”) (“LOOKHERE SHARES”), REPRESENTING 51% EQUITY INTEREST IN LOOKHERE THEREIN FROM TEO CHOON HOW AND CHONG JUNE WEI FOR A PURCHASE CONSIDERATION OF RM12,240,000 (“LOOKHERE PURCHASE CONSIDERATION”) WHICH WILL BE SATISFIED VIA A COMBINATION OF CASH PAYMENT AMOUNTING TO RM1,224,000 AND THE ISSUANCE OF UP TO 73,440,000 NEW AMGB SHARES (“CONSIDERATION SHARE(S)”) BASED ON THE INDICATIVE ISSUE PRICE OF RM0.15 PER CONSIDERATION SHARE (“INDICATIVE LOOKHERE ISSUE PRICE”) (“PROPOSED LOOKHERE ACQUISITION”).


COLLECTIVELY, THE “PROPOSED REGULARISATION PLAN”

哈哈哈哈