One word to describe this company. Horrible!!!

agree with sasopi87

PUBLIC ISSUE OF 20,250,000 NEW ORDINARY SHARES OF RM0.50 EACH COMPRISING:

- 6,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC AT AN ISSUE PRICE OF RM0.75 PER SHARE PAYABLE IN FULL ON APPLICATION;

- 11,250,000 NEW ORDINARY SHARES OF RM0.50 EACH BY WAY OF PRIVATE PLACEMENT AT AN ISSUE PRICE OF RM0.75 PER SHARE PAYABLE IN FULL ON APPLICATION; AND

- 3,00,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE ELIGIBLE EMPLOYEES AND BUSINESS ASSOCIATES OF EURO HOLDINGS BERHAD AND ITS SUBSIDIARIES AT AN ISSUE PRICE OF RM0.75 PER SHARE PAYABLE IN FULL ON APPLICATION.

Are this share under value or neglected counter?

May I know why the Asuprem-wa haven't move one. Theoritical, the warrant should be follow by his principal share right? Why the mother share up so much but the warrant not even to reflect his real price?

thanks for sharing

Reference is made to the news article published in the Nanyang Siang Pau, Business Section, Page A12 on Wednesday, 9 May 2012, in particular, the following sentences:-

“Sphairon Technologies GmbH may acquire 30% equity interest in Astral Supreme Berhad at a price between RM0.50 to RM0.60 per share.”

“Astral Supreme Berhad may also increase its capital and liquidity via rights issue on the basis of 1 new share with 1 warrant for every 2 shares.”

In response to the above article, ASB, after having made due and diligent enquiry with the Board of Directors, major shareholders and all such persons reasonably familiar with the above matter, wishes to announce that in the course of their ongoing discussions in relation to the Memorandum of Understanding dated 28 April 2012, Sphairon Technologies GmbH indicated that there are interested in participation in the equity of ASB. However, no further details were discussed, be it in terms of percentage or price. In this regard, at the moment, no firm negotiations are on foot between the parties.

As for the increase of capital and liquidity via rights issue, ASB wishes to clarify that the Company is exploring options to raise funds for working capital purposes, however, no decision has been finalised at this point in time.

The Company will make the necessary announcement to Bursa Malaysia Securities Berhad (“Bursa Securities”) should there be any material information that falls under the ambit of the Bursa Securities Listing Requirements.