kgroup-OR is given to shareholders whose name appear on the shareholder list on the 29th March 2017. They can sell it or they can pay exercise price to become mother before closing date 20th April 2017.
lclwyp, as per kgroup's announcement dated 31 Mar 2017, on the Entitlement date, 29th March 2017, the number of issued and fully paid up share is 819,054,853. So I'm assuming, this is the rights issue that is in the market now. Now we are waiting for the number of RI that will be subscribed before closing date of 20th April 2017.
As per announcement dated 29th March 2017, the minimum money intended to be raised, RM10 million is already covered by Dato' Goh by subscribing to 200 million RI.
人生几何 ~ 尽情博吧: Ultra, you meant he had already subscribed 200 ml RI, and he can sell already now? that's no good... ======================================================================== cytew: you will get your mother and free WB after 4 pm on 4th May 2017....but you can sell your mother on 2 May 2017 and thereafter. ======================================================================== Not yet. Got to wait until 2 May 2017.
Eh, no he cannot sell. There's a certain period, until entitlement date at least. Try searching for it in the document, pretty sure I came across it.
Come to think of it, with the sentiment on their side, if mother price increases to a certain level, everyone will want to subscribe and/or exercise either the -or, -wa or the upcoming -wb in May. More money for them.
Yes. If you don't, anything you can do to improve it?
I'm too lazy to dig through law acts and such, but if you want to, check that document about the rights issue page 10, pretty sure that the whole document itself is a proof of the commitment of the entities involved and can be used against them if need be.
As long as rapidcloud and Kgroup MOU is still in effect, the goreng will continue. Don't under-estimate the power of Alibaba and Jackma's trademark. Below 10 sen is still a good buy.
Pern1228, yes you are. Cannot remember about half subscribe if you can get half of a warrant B. Exercise price for warrant B is 0.05 only. That's why I thought kgroup wanted to capitalise on the MoU and support mother price at certain level.
人生几何 ~ 尽情博吧 , oh well, if that's how you think, then let it be lah. All of us haven't proven anything here haha.
Why you buy...so worry? Remember IFCA rise from 10 sen to $1.80 due to GST? KGroup can rise from 8 sen to $1.00 due to Jack Ma. You just need to be patience. Now they are getting the funds coming. When they have money, they can work with Alibaba. So the business is going up and recovery mode now. It is only up up up...down is limited. Because they have already down from 29 sen to the lowest and now on the way up. Look at Trive. They dropped like shit down to a few sen ...nearly get de-listed...then they recover and now 16.5 sen. I think Kgroup is already recovered from the worst. They are having a healthy financial now. With the MOU with Alibaba...better things are coming. That is why they gap up yesterday to 11.5 sen. today just dropped a bit due to some profit taking, everyone panic like hell.
China News - Finance April 10, 2017 K Group and vouchers war hot total daily turnover of nearly 400 million shares (Kuala Lumpur 10) K Group (KGROUP, 0036, GEM) signed a Memorandum of Understanding with an authorized distributor of Alibaba Clouds in Malaysia last week to explore potential business opportunities for the Digital Free Trade Zone (DFTZ) , To stimulate the mother and son shares hot high, billions of dollars, the audience the hottest .....
I predict will break 10 sen very soon. Now it is just mild consolidation waiting for weak players to let go. Alibaba is now a very reputable company. Who rub shoulder with this giant will benefit handsomely.
Key Alliance Group Bhd is collaborating with enterprise cloud solutions provider RapidCloud (M) Sdn Bhd to explore and expand market potentials within the hosting and e-commerce industry.
Key Alliance, through its subsidiary DVM Innovate Sdn Bhd, signed a memorandum of understanding (MoU) with RapidCloud today.
RapidCloud as a cloud solutions provider currently hosting in excess of 10,000 small and medium enterprises (SMEs) and corporate clients, and is also one of the established resellers of Alibaba Cloud in Malaysia.
Salient terms to the MoU include both parties agreeing to the collaboration which shall involve but not be limited to a joint venture, revenue sharing and equity swap.
The agreement is to be finalised within 30 days of the MoU, it said in a filing to Bursa Malaysia today.
"The directors of KAG (Key Alliance) believe that necessary focus in this proposed collaboration will have a positive impact in future earnings of the group, in line with Malaysia's newly launched Digital Free Trade Zone,"
tiongkeat, the last day of trading for OR is tomorrow. If you do not have plan to subscribe for the rights issue, sell it by tomorrow, else OR will become worthless
Expect a technical rebound at 8 sen based on yesterday support and volume which started at 8 sen to 11.5 sen and back to 9.5 sen. Now at 8 sen we are back level...so buyers are attracted to play 2nd round.
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Posted by tlxian123 > 2017-04-10 20:19 | Report Abuse
I got it at 0.085, so afraid couldnt grab the train ><