KGROUP - Renounceable rights issue of up to 1,251,171,308 new ordinary shares in KGROUP (KGROUP Shares) (Rights Shares) together with up to 625,585,654 free detachable warrants in KGROUP (Warrants B) on the basis of two (2) Rights Shares together with one (1) free Warrant B for every two (2) existing KGROUP Shares held, at the issue price of RM0.05 per Rights Share (Rights Issue with Warrants)
KEY ALLIANCE GROUP BERHAD
Kindly be advised that KGROUP's:
i) 409,527,425 Warrants B issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of Bursa Securities and the listing and quotation of the Warrants on the ACE Market will be granted with effect from 9.00 a.m., Monday, 8 May 2017.
The Stock Short Name, Stock Number and ISIN Code of the Warrants B are "KGROUP-WB", "0036WB" and "MYQ0036WBU54".
ii) a) additional 819,054,853 new ordinary shares issued pursuant to the aforesaid Rights Issue with Warrants; and
b) additional 14,615,906 Warrants A arising from adjustments pursuant to the Rights Issue with Warrants
will be granted listing and quotation with effect from 9.00 a.m., Monday, 8 May 2017.
Description FREE DETACHABLE WARRANTS IN KEY ALLIANCE GROUP BERHAD ("KAG") ("WARRANTS B") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,251,171,308 NEW ORDINARY SHARES IN KAG ("KAG SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE TOGETHER WITH UP TO 625,585,654 FREE WARRANTS B ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT B FOR EVERY TWO (2) EXISTING KAG SHARES HELD BY THE ENTITLED SHAREHOLDERS OF KAG AT 5.00 P.M. ON 29 MARCH 2017 ("ENTITLED SHAREHOLDERS") Listing Date 08 May 2017 Issue Date 02 May 2017 Issue/ Ask Price Not Applicable Issue Size Indicator Unit Issue Size in Unit 409,527,425 Maturity Mandatory Maturity Date 01 May 2020 Revised Maturity Date Name of Guarantor Not Applicable Name of Trustee Not Applicable Coupon/Profit/Interest/Payment Rate Not Applicable Coupon/Profit/Interest/Payment Frequency Not Applicable Redemption Not Applicable Exercise/Conversion Period 3.00 Year(s) Revised Exercise/Conversion Period Not Applicable Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.0500 Revised Exercise/Strike/Conversion Price Not Applicable Exercise/Conversion Ratio 1:1 Revised Exercise/Conversion Ratio Not Applicable Mode of satisfaction of Exercise/ Conversion price Cash Settlement Type/ Convertible into Physical (Shares)
How much profit they gained last month on right issue determine the price next week... if we only know how much they gained, we can calculate the price and make decision on when we should Buy n sell .
if i have 10000 shares that means i get 5000 free warrantB at 0.05 each right?..thats rm250 profit already even the share price didnt go up..if price drop, i still have the free warrantB as a buffer right?..interesting..
yeah. but it's not advisable to sell them straight away. unless u are the big shark who already dump so many share last week. IMHO, the price will up to at least 0.06.
Monday listing of new issues. Based on previous new issues of other penny stocks, the mother shares mostly dropped or stagnanted at the last closing price and the warrants usually at below its conversion price.
800mil share= 0.05 On the right issue 1600mil+ share + profit ( on the right issue ) = new kgroup price.. if they gained 50 mil. They new price can be 0.055
They've gained 40mil++ on the convertion of mother share only.. not to mention the profit they gained on selling the right issues.. the price on Monday can be up to 0.065 and depends on how many people dump the stock or hold on monday. My theory why they duump the stock on previous week becoz they have a lot of shares in the new kag shares
Possidon80 ... You really hit the right points .. Last 2 days been reading this forum on this stock most of it none theorical right . Biggest points - *40 million cash in hand - right issue
* Extra profit - they sold a lot of shares at highly price .
* increase revenue n profit - acquired new company n newbusiness
Timing is good now. They have to move it quick to increase the value by next Monday cos they will get their new shares on Monday .If they try to push the stock under 0.05 then They must be stupid ....
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....
brownbull
9 posts
Posted by brownbull > 2017-05-05 16:37 | Report Abuse
accumulating..