"The Proposed Par Value Reduction will give rise to a total credit of up to RM85,837,742, which would be utilised to set-off against the accumulated losses of the Company "
how they convert loss to gain by just par value reduction ?
I was panic after reading the announcement on Friday morning and sold all my Sanichi shares immediately.I think many people were doing the same.Hours later were informed by friends that effectively there was no change in the value of the Company.Thanks KW Tan for giving such a clear and detail explanation .Should propose to SC that in future must make it compulsory for Company which makes such announcement to attach together a copy of explanation on what will be the effect of the proposal on resultant share value.Many of us are not professional.We were victim of such announcement. :-[
Is this company trigger the Company Act 1965? Twice Rights Issues just within 16 months, why no one can stop them to do so mei. .? What SC is doing for let them to "Eattt" the investors just such a easy. This is not no fair, must firm up a committees to argue with the management in the EGM.
We are idiots....cause by so many media was released "Good News" "JV" "Merinda Point" "Good Future company" Germany order $MMM was come in, and now get cheated by Dato-dato & Tanseri, & Mara.
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....
Ven Felix
2,182 posts
Posted by Ven Felix > 2016-02-19 18:40 | Report Abuse
谢谢 kw Tan 无私 分享,候年运到 。