1. FUND RAISING EXERCISE AGAIN

Circular to shareholders in relation to the proposed private placement of up to 388,463,200 new ordinary shares in Vortex Consolidated Berhad ("Vortex") ("Vortex Shares") ("Placement Shares"), representing up to 40% of Vortex Shares in issue (excluding treasury shares, if any) ("Proposed 40% Private Placement")

https://www.klsescreener.com/v2/announcements/view/3439621

Date Announced 13 Oct 2021

=================================================
Fund raising by adding 40% new shares to the market is massive exercise.

Directors have immense power to reduce shareholders equity % and substantial shareholders might ceased to be substantial shareholders due to the additional shares issued.

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

TAYOR

Expect some announcements of MOUs, potential business opportunities, etc to attract newcomers to the stock.
Operators will try to release their rights shares and free warrants to the market to free up their money used for subscription of the rights shares.

TAYOR

SHAREHOLDINGS OF MR KUAH BEFORE AND AFTER DISPOSAL

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
TECHFAST HOLDINGS BERHAD
Particulars of Substantial Securities Holder
Name MR KUAH CHOON CHING
Date interest acquired 23 Mar 2021
No of securities 23,441,860
Circumstances by reason of which Securities Holder has interest Issuance of 23,441,860 ordinary shares for partial purchase consideration for the acquisition of 175,000 ordinary shares in CCK Petroleum Sdn Bhd
Total no of securities after change
Direct (units) 23,441,860
Direct (%) 6.704
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Date of notice 26 Mar 2021

=====================================
Notice of Person Ceasing (Section 139 of CA 2016)
FAST ENERGY HOLDINGS BERHAD
Particulars of Substantial Securities Holder
Name MR KUAH CHOON CHING
Date of cessation 18 Oct 2021
No of securities disposed 15,302,325
Circumstances by reason of which a person ceases to be a substantial shareholder
Ceased to be substantial shareholder due to disposal of 15,302,325 ordinary shares via open market transaction.
Nature of interest Direct Interest

Date of notice 25 Oct 2021
Date notice received by Listed Issuer 25 Oct 2021

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

Mr Kuah sold down FAST shares meaning he is not interested in the rights issue shares?

DIRECTOR SELLING BONUS WARRANTS AND BUYING ADDITIONAL SHARES

Changes in Director's Interest (Section 219 of CA 2016)
TA WIN HOLDINGS BERHAD

Name DATO' YEO BOON LEONG, JP
Disposal of Warrants B.
Total no of securities after change
Direct (units) 3,500,000
Direct (%) 0.256
Indirect/deemed interest (units) 34,656,532
Indirect/deemed interest (%) 2.538
Date of notice 25/10/2021

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

Changes in Director's Interest (Section 219 of CA 2016)
TA WIN HOLDINGS BERHAD

Name DATO' YEO BOON LEONG, JP
Purchase of Shares.
Total no of securities after change
Direct (units) 174,200,000
Direct (%) 5.103
Indirect/deemed interest (units) 242,641,331
Indirect/deemed interest (%) 7.108
Date of notice 25/10/2021

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

DIRECTOR SELLING BONUS WARRANTS AND BUYING ADDITIONAL SHARES.

Warrant B
Maturity 2024-08-19
Strike value 0.1350

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

TAYOR

1. FUND RAISING EXERCISE AGAIN

Circular to shareholders in relation to the proposed private placement of up to 388,463,200 new ordinary shares in Vortex Consolidated Berhad ("Vortex") ("Vortex Shares") ("Placement Shares"), representing up to 40% of Vortex Shares in issue (excluding treasury shares, if any) ("Proposed 40% Private Placement")

https://www.klsescreener.com/v2/announcements/view/3439621

Date Announced 13 Oct 2021


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

2. CONVERSION OF WARRANTS AT 0.17 PER SHARE !!!


Types of corporate proposal Exercise of Warrants
Details of corporate proposal Conversion of Warrants-C
No. of shares issued under this corporate proposal 60,704,100
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1700
Latest issued share capital after the above corporate proposal in the following Units 726,008,852
Issued Share Capital ($$) Malaysian Ringgit (MYR) 230,703,562.570
Listing Date 21 Oct 2021

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

Directors intention to issue 40% of new shares will dilute substantial shareholders percentage.
40% is massive !!!

Tug of war going on between directors and substantial shareholders ???

Or exercising warrants to approve the proposal ???

Those who are patient enough, might be able to buy at 4 or 3.5.

Likely the price will stabilise for a while. Maybe need to wait for director (MSW) to make more announcements on MOUs, contract awards from other penny stock companies, etc

But the best indicator is the financial results for next few quarters.

Meanwhile, shareholders should monitor how the directors use the company fund and whether the directors intend to issue more shares to ESOS, PP or assets acquisition.

Excessive Share issuance for above fund raising exercises will dilute shareholding percentage and EPS while the total issued shares might increase to multi-billion again.


TAYOR, set realistic target.

Post removed.Why?

PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY")

RIGHTS ISSUE WITH WARRANTS


Total valid acceptances 93,436,814 15.40
Total valid excess applications 306,812,737 50.57
Total valid acceptances and excess applications 400,249,551 65.97
Total Rights Shares available for subscription 606,704,826 100.00
Not subscribed for 206,455,275 34.03

https://www.klsescreener.com/v2/announcements/view/3445345

===============
Total valid acceptance very low at 15.40%
Excess application at a high of 50.57%, most likely by other penny stock companies and operators.

Possible scenario is the operators and applicants of excess shares will attempt to support the price, create news & excitement to sell their allocated shares to market to release their fund tied up in the subscription.

To the directors, the fund raising exercise is considered a success even though it is not 100%.

Trade wisely and don't be caught at high price.

Most supporters are probably resting from exhaustion looking at the current price movement.

But later they might come out to scold you got bad intention to bring down the price further,

Directors are responsible to ensure success of rights issue to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue.

Directors are responsible to ensure success of rights issue to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue.

Quarterly rpt on consolidated results for the financial period ended 31 Aug 2021

Profit/(loss) attributable to ordinary equity holders of the parent -5,146,000

https://www.klsescreener.com/v2/announcements/view/3444699

Next date to look forward to.

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 25 Oct 2021

Subscription results should be announced today after market.

Interesting to see the response of retailers and operators on the rights issue subscription.

Comparable to BORNOIL in terms of NOSH, business diversification, quarterly performance and massive shares issuance.


Mr Kuah successfully raised 102 mil from recently concluded RI exercise and to use the money to purchase 126 serviced apartment units from Aset Kayamas.

Aset Kayamas benefited from the deal while Kanger shareholders have to wait for 4 years for completion of the serviced apartment to know whether it is the right investment.

Directors are responsible to ensure success of rights issue to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue.

Purchased 126 service apartment units at Antara @ Genting Highlands on an enbloc basis from Aset Kayamas.

Antara @ Genting Highlands is under construction and development (with approximately 12% completion as at the LPD) with expected completion by January 2026. The proposed development will be carried out in 2 phases; the first phase of the development shall comprise the podium block together with Blocks A and B and the second phase shall comprise Blocks C and D. At this juncture, the first phase of the development is anticipated to be completed by June 2025.

=======================================
Immediate benefits to Aset Kayamas
But Kanger has to wait for 4 years only can tell whether it is the right investment.

For rights issue, you will get more if you subscribe for the rights share.
For share split and bonus issue, you will automatically get more units.
For shares consolidation, your original units will be slashed.

Important Relevant Dates for Renounceable Rights

PERMAJU INDUSTRIES BERHAD

Entitlement subject Important Relevant Dates for Renounceable Rights
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,055,337,076 NEW ORDINARY SHARES IN PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") ("PERMAJU SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 NOVEMBER 2021
Despatch Date 09 Nov 2021
Date for commencement of trading of rights 08 Nov 2021
Date for cessation of trading of rights 15 Nov 2021
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 29 Nov 2021
Last date and time for :
Sale of provisional allotment of rights 12 Nov 2021 05:00 PM
Transfer of provisional allotment of rights 16 Nov 2021 04:30 PM
Acceptance and Payment 22 Nov 2021 05:00 PM
Excess share application and payment 22 Nov 2021 05:00 PM
Available/Listing Date 03 Dec 2021

FUND RAISING - RIGHTS ISSUE

RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,055,337,076 NEW ORDINARY SHARES IN PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") ("PERMAJU SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 NOVEMBER 2021 ("RIGHTS ISSUE")

Rights issue price = 7sen
Ex-Date 03 Nov 2021
Entitlement date 05 Nov 2021

https://www.klsescreener.com/v2/announcements/view/3443731


Total issued shares = 933,872,695
PA = 1,027,334,366
WA = 93,535,984

If PA and WA are fully converted and Rights Issues fully subscribed Total issued shares will increase to close to 3 billions

Result of frequent fund raising by issuing shares for ESOS, PP, asset acquisition and rights issue
========================================

TAYOR

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
KOMARKCORP BERHAD

Particulars of substantial Securities Holder
Name KEY ALLIANCE GROUP BERHAD
Nature of interest Direct Interest
Direct (units) 86,982,500
Direct (%) 15.066
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 86,982,500
Date of notice 20 Oct 2021

=================================================
KGROUP trading and increasing stake in KOMARKCORP, details in below link.

https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=key+alliance&cat=&sub_type=&company=7017&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all

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

Penny stock invest in another penny stock.

With KOMARK's proposed rights issue, KGROUP might need more cash for subscription of rights shares.

KGROUP shareholding in KOMARKCORP

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
KOMARKCORP BERHAD

Particulars of substantial Securities Holder
Name KEY ALLIANCE GROUP BERHAD
Nature of interest Direct Interest
Direct (units) 86,982,500
Direct (%) 15.066
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 86,982,500
Date of notice 20 Oct 2021

=================================================
KGROUP increasing stake in KOMARKCORP, details in below link.

https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=key+alliance&cat=&sub_type=&company=7017&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all

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

Penny stock invest in another penny stock.

With KOMARK's proposed rights issue, KGROUP might need more cash for subscription of rights shares.

KGROUP might need to raise fund via share issuance for the rights share subscription.
==================================================

TAYOR

Post removed.Why?

Day and night promotion also cannot bring the price up.

Better take a break for few months wait to see any improvement to quarterly financial results.
Also don't forget to monitor and report how company fund is being utilised by directors as well as future fund raising via share issuance that will affect shareholders equity, eps and nosh.

Post removed.Why?

Post removed.Why?

MZM, please read the circular sent to shareholders.

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,861,936,149 NEW ORDINARY SHARES IN KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") ("KANGER SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING KANGER SHARE HELD, TOGETHER WITH UP TO 2,861,936,149 FREE DETACHABLE WARRANTS IN KANGER ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); II. PROPOSED ACQUISITION BY KANGER VENTURES SDN BHD (FORMERLY KNOWN AS KANGER DEVELOPMENT (M) SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF KANGER, OF 126 UNITS OF PROPOSED SERVICED APARTMENTS LOCATED ON THE 30TH TO 45TH FLOORS OF TOWER A, ANTARA @ GENTING HIGHLANDS, SITED ON A PIECE OF FREEHOLD LAND HELD UNDER TITLE NO. GRN 45572 (FORMERLY HSD 18603), LOT 43031 (FORMERLY PT 23923), MUKIM AND DISTRICT OF BENTONG, PAHANG DARUL MAKMUR FROM THE DEVELOPER, NAMELY ASET KAYAMAS SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM142,870,000 TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITION"); AND III. PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF KANGER AND ITS SUBSIDIARIES ("KANGER GROUP" OR THE "GROUP") TO INCLUDE CONSTRUCTION AND RELATED ACTIVITIES ("PROPOSED DIVERSIFICATION")


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3166029

Better check if someone is sleeping on the job

Antara @ Genting Highlands is under construction and development (with approximately 12% completion as at the LPD) with expected completion by January 2026. The proposed development will be carried out in 2 phases; the first phase of the development shall comprise the podium block together with Blocks A and B and the second phase shall comprise Blocks C and D. At this juncture, the first phase of the development is anticipated to be completed by June 2025.

=======================================
Wait 4 years to see results

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3166029

MZM, which one is lying ?

Antara @ Genting Highlands is under construction and development (with approximately 12% completion as at the LPD) with expected completion by January 2026. The proposed development will be carried out in 2 phases; the first phase of the development shall comprise the podium block together with Blocks A and B and the second phase shall comprise Blocks C and D. At this juncture, the first phase of the development is anticipated to be completed by June 2025.

=======================================
Wait 4 years to see results

Proposed Change of Company Name
MACPIE BERHAD

Proposed company name XOX CREATIVE BERHAD


Remarks :
The Board of Directors of Macpie Berhad ("Macpie" or the "Company") wishes to announce that the Company is proposing to change its name from "MACPIE BERHAD" to "XOX CREATIVE BERHAD" ("Proposed Change of Name").

This announcement is dated 15 October 2021.

Pasukgb already completed shares consolidation and fund raising via Rights Issue with free warrant in July 2021.

From here, what are next potential corporate exercises?

Looking at other companies managed by director MSW, it is possible that there will be repeat of previous exercises like share issuance via ESOS and Private Placement to raise more fund and to dilute minority shareholding & EPS and increasing the total issued shares to multi billion shares.

See Saudee, AT, Gocean. Only recently appointed as director of AIM.

TAYOR.

So many write up and promotion by major media but can't find the corporate website. How do investors, traders, punters verify their so many diversified businesses?
Who are the directors?
So much hype but so many facts hidden from free and convenient viewing.

To you is spamming. To me,it is highlighting potentials. Directors have immense power to undertake corporate exercises that might cause huge losses to minority shareholders.

By the time company reported share consolidation, the price will not be 5sen anymore, it could be 1-2 sen.

Your money you decide, my time & space I decide

MZM, don't be silly, you think operators reading my comments and start dumping?

My advice is provide some guidance to NEWBIES to avoid losses without knowing what hit them.

FOR NEWBIES

Just be reminded
Total shares = 5,978,812,213
WB = 1,700,011,579

Too many shares in the market and very easy for hostile operators to throw down at lower price

Best way forward is for directors to propose shares consolidation to reduce the number of shares in the hands of operators

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

Looks like a proxy war, better to stay out of the turbulence. Come back when the dust settles down.

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- (I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

https://www.klsescreener.com/v2/announcements/view/3440995


==================================
Details of EGM :

Last date and time for lodging the Proxy Form : Saturday, 30 October 2021 at 11.00a.m.
Date and time of the EGM : Monday, 1 November 2021 at 11.00 a.m.
Venue of the EGM : Online meeting platform as operated by Mlabs Research Sdn Bhd in Malaysia via https://rebrand.ly/OverseaEGM

===========================================
Fund raising via Rights Issue with free warrant approved by Bursa.

Coming soon. Get your money ready if wish to contribute to the fund raising.

============================================
TAYOR

MAK SIEW WEI appointed as director.

Change in Boardroom
ADVANCE INFORMATION MARKETING BERHAD

Date of change 08 Oct 2021
Name MR MAK SIEW WEI
Age 46
Gender Male
Nationality Malaysia
Designation Director
Directorate Executive
Type of change Appointment

Also Executive Director of :

1. AT Systematization Berhad
2. Green Ocean Corporation Berhad
3. Saudee Group Berhad
4. Pasukhas Group Berhad

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

See the share price, quarterly results of above companies to assess his performance

TAYOR

Most companies are good. But can't say the same for the people (actual and shadow) behind the company.

Hope any problems will be resolved amicably.

Is it some deals they are not happy about?
Is it someone they are not comfortable with?

WB 0.005 floodgate already opened. What next might happened ?

Questions need to be answered.

Who the hull is dumping ?
Why the hull they are dumping?

Mr Kuah successfully raised 102 mil from recently concluded RI exercise.

But remember that Directors are responsible to ensure success of rights issue to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue.

FOR NEWBIES ONLY

1. CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 11 AUGUST 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")


2. RENOUNCEABLE RIGHTS ISSUE OF UP TO 797,746,170 NEW ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.14 PER RIGHTS SHARE TOGETHER WITH UP TO 265,915,390 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 1 OCTOBER 2021

=================================
Share consolidation on 11/8 (COMPLETED)
consolidated price = 0.30

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

Ex-rights price on 30/9 (COMPLETED)
mom = 0.155
WB = 0.045

============================
Trading of OR from 4/10 - 8/10 (COMPLETED)

OR price = 0.005 seller quote

============================
Acceptance and Payment 18 Oct 2021 05:00 PM
Excess share application and payment 18 Oct 2021 05:00 PM

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 25 Oct 2021

Available/Listing Date 02 Nov 2021

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

Be reminded that closing date for application of RI with free warrant is 18/10/21

TAYOR

RI subscribers still has a chance to break even selling at 5,5 and 0.5
Waiting longer might turn to paper loss.

MZM, so many buyers without holding power. Only those buyers with holding powers are all here in this forum, looking at the price morning, day and night.

Another quarter of losses

Quarterly rpt on consolidated results for the financial period ended 30 Jun 2021

Profit/(loss) attributable to ordinary equity holders of the parent -10,113,000

https://www.klsescreener.com/v2/announcements/view/3417413

============================================
Historical annual profit/loss

Financial Year Revenue ('000) Net ('000) EPS
30 Sep, 2020 41,700 -7,748 -0.87
31 Jul, 2020 15,536 -1,328 -0.15
31 Jul, 2019 6,217 -3,459 -0.39
31 Jul, 2018 3,225 -2,055 -0.23
31 Mar, 2018 31,926 -3,864 -0.34
31 Mar, 2017 12,259 -4,627 0.16
31 Mar, 2016 6,112 -10,852 -3.84
31 Mar, 2015 3,185 -3,962 -1.41
31 Dec, 2014 3,856 -5,257 -1.93
31 Dec, 2013 16,962 -3,702 -1.66
31 Dec, 2012 24,341 167 0.03
31 Dec, 2011 11,615 -1,582 -0.90

========================================
Except 2012, losses for every year.
Check out who are your director

Penny stock DGB increased stake in penny stock MTOUCHE

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MTOUCHE TECHNOLOGY BERHAD

Particulars of substantial Securities Holder
Name DGB NETWORKS SDN. BHD.
1 11 Oct 2021 3,000,000 Acquired Direct Interest
Acquisition of shares via open market
Nature of interest Direct Interest
Direct (units) 51,751,000
Direct (%) 5.584
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 51,751,000
Date of notice 13 Oct 2021

===================================
Last completed corporate exercise of DGB

08 Dec 2020 21 Dec 2020 Rights Issue 6.0000 : 1.000 @ 0.1200
10 Nov 2020 23 Nov 2020 Share Consolidation 1.0000 : 10.0000

Total issued shares = 1,621,928,666
WC = 478,188,586
CASH = 126 million (as at 30/6/21)

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

TAYOR

Penny stock DGB increased stake in penny stock MTOUCHE

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MTOUCHE TECHNOLOGY BERHAD

Particulars of substantial Securities Holder
Name DGB NETWORKS SDN. BHD.
1 11 Oct 2021 3,000,000 Acquired Direct Interest
Acquisition of shares via open market
Nature of interest Direct Interest
Direct (units) 51,751,000
Direct (%) 5.584
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 51,751,000
Date of notice 13 Oct 2021

===================================
Last completed corporate exercise of DGB

08 Dec 2020 21 Dec 2020 Rights Issue 6.0000 : 1.000 @ 0.1200
10 Nov 2020 23 Nov 2020 Share Consolidation 1.0000 : 10.0000

CASH = 126 million (as at 30/6/21)

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

TAYOR

KGROUP Clarification to Bursa Query

Main points :

4. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Group is not expected to have material effect on the earnings, net assets and gearing of KAG Group for the current financial year ending 31 March 2022. Nonetheless, KAG Group expects positive contribution on its earnings in the future arising from the share of profit for associate.

6. As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Company does not foresee any exceptional risk to KAG Group. Nonetheless, the Contract accepted by Tree Med will be subject to the normal operational risk associated with the Contract during the contract period.

7. Pursuant to the Contract, Tree Med will supply reagents instrument placement for centralised chemical pathology test to 9 hospitals in Malaysia.

8. Tree Med is a 30% owned associate company of KAG.

================================
Associate company is different from subsidiary company.

FOR NEWBIES


Recently completed fund raising via Rights Issue @0.15 per shares with free warrant

05 May 2021 20 May 2021 Rights Issue 2.0000 : 1.0000 0.1500

RENOUNCEABLE RIGHTS ISSUE OF UP TO 475,295,394 NEW ORDINARY SHARES IN SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") ("SAUDEE SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE TOGETHER WITH UP TO 237,647,697 FREE DETACHABLE WARRANTS IN SAUDEE ("WARRANTS B") ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 21 MAY 2021 ("RIGHTS ISSUE WITH WARRANTS")

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

Now fund raising again via proposed Private placement :

PROPOSED PRIVATE PLACEMENT OF UP TO 143,217,500 NEW ORDINARY SHARES IN SAUDEE, REPRESENTING UP TO APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER

https://www.klsescreener.com/v2/announcements/view/3439977

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

Total issued shares = 716,354,819
WB = 233,790,060
CASH = 80 mil as at 31/7/21 quarterly report

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

What the directors Mak Siew Wei and Tay Ben Seng planning to do with the cash?
More fund raising via share issuance to PP and ESOS will dilute the shareholders equity and EPS

========================================
TAYOR

FUND RAISING EXERCISE AGAIN

Circular to shareholders in relation to the proposed private placement of up to 388,463,200 new ordinary shares in Vortex Consolidated Berhad ("Vortex") ("Vortex Shares") ("Placement Shares"), representing up to 40% of Vortex Shares in issue (excluding treasury shares, if any) ("Proposed 40% Private Placement")

https://www.klsescreener.com/v2/announcements/view/3439621

======================================
Recently concluded Corporate exercise

16 Mar 2021 29 Mar 2021 Rights Issue 1.0000 : 1.0000 @ 0.17
18 Jan 2021 02 Feb 2021 Share Consolidation 1.0000 : 4.0000

=======================================
Total issued shares = 665,304,752
PA = 21,301,072
WB = 18,430,501
WC = 266,121,872

Upon completion of private placement (assuming no conversion of PA, WB, WC), total issued shares will be close to 1 BILLION
========================================

Look out for price fixing for PP shares

TAYOR