JAG: Proposes private placement to raise RM14.4m for its property project. JAG has proposed a private placement to raise up to RM14.4m to fund its property development project in Klang. JAG said the private placement entails an issuance of up to 192.2m new shares, representing up to about 10% of its enlarged issued and paid-up share capital. Based on the indicative issue price of 7.50 sen per placement share, which would raise gross proceeds up to RM14.4m, Jag said RM13.6m will be used to fund the property development and RM450,000 will be used for working capital, while RM400,000 for the placement expenses. (The Edge)
Not yet cabut? Brass price down. Obviously the major contribution of revenue was from metal extraction from the waste. Price will diluted especially after PP kick in.
Yaa. Merely 10m only can rise from that price. Jag share mostly held by the major stakeholders and cronies. Share floating to small and only them can push up or down.
dun play play with the lady boss n her cronies. Swim along with them for yr survival. The gang will accumulate as much shares as possible at the real trough, probably at 5.5c.
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....
jordanmaggie61
1,894 posts
Posted by jordanmaggie61 > 2018-08-24 10:03 | Report Abuse
Never regret for buying this stock, profit is real