We refer to the announcements made on 7 June 2018, 8 June 2018 and 12 June 2018 in relation to the Placement (“Announcements”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein.
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 23 October 2018 (“Price Fixing Date”) fixed the issue price at RM0.13 per Placement Share (“Issue Price”).
The Issue Price represents a premium of approximately 2.7% to the 5-day VWAP of PUC Shares up to and including 22 October 2018, being the last full trading day immediately prior to the Price Fixing Date, of RM0.1266 per Share.
We need to demand management of PUC to answer us despite tonnes of announcements of their ongoing projects; why are their price of stocks keep coming down?
TheContrarian, it's not the private placement that turned the market bearish. It's the market condition as we are into correction right now, that pushes more sellers than buyers.
Don't blame on PUC for price to come down so much. In fact, if it come down further, can accumulate for future.
I didn't say private placement caused market to turn bearish. I said unfortunately after the private placement price was set, the overall market turned bearish.
People like you yongch, waste time to comment here because you are wanting to buy at low price. U have nothing better to do than keep posting negative comment so that the stupid people who read your comment will sell.
Once it starts to move up, it 'll move up fast to 0.20 and beyond. No chance to collect for those who keeps posting negative fake news hoping price to going down further to below 0.09. With good QR to be released by the end of the month, PUC to go further up within this month... the storm might hv passed through by now...
Price went up so fast after 4 pm so I decided to sell off. I am not a greedy person. Overall market still weak. I can use the sales proceeds for other bargains which are plentiful.
Actually I must thank you Daily8, I wasn't monitoring PUC but your comments caught my attention and after checking latest developments on PUC on the private placement, I decided to buy.
If not for your comments I would have missed the opportunity to buy at bargain price. In December 2016 I bought PUC at around 6 sen, and it shot up over 100% in January or February 2017.
wahhhh, i missed PUC, didnt follow here. its truee...daily8 is very good and responsible commentor. the last time he commented on mrcb, i made money too.. thank u Daily8!
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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....
Daily8
3,858 posts
Posted by Daily8 > 2018-10-24 17:29 | Report Abuse
We refer to the announcements made on 7 June 2018, 8 June 2018 and 12 June 2018 in relation to the Placement (“Announcements”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein.
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 23 October 2018 (“Price Fixing Date”) fixed the issue price at RM0.13 per Placement Share (“Issue Price”).
The Issue Price represents a premium of approximately 2.7% to the 5-day VWAP of PUC Shares up to and including 22 October 2018, being the last full trading day immediately prior to the Price Fixing Date, of RM0.1266 per Share.
This announcement is dated 23 October 2018.