From the company announcement, they want to raise around RM 17.9 million by issuing 179,686,900 new shares. This means the private placement price will be RM 0.10 ? How high will they push up the price? The deadline is until March 2020 right?
ORION (0079) could be the next SUPERBULL IT STOCK. It's covered by the CIMB research guy Name NIGEL FOO. Normally stock he covered mean potential something is brewing. We can see it from previous call on IFCAMSC and MYEG which fly up super huge. Especially IT company.
Myeg is one of the stock make him famous. And next is IFCAMSC.
Of course now both not doing well, but the front part is amazing, we just need to ride the front part.
Serenevalley moniekj, is this quarter that their Angkasa businesses, SME & PT Kirana businesses should reflect some flow of income. 01/10/2019 9:53 AM _____________________________________________
That's why I'm buying back. ASAP, MyAzzahra and SME business in coming q. PT Kirana next year I think. Revenue will be better and better.
moniekj, the pp price suppose to be around RM 0.10 right? As from company announcement back then, they plan to raise around RM 17.9 million. So now already reach PP price. So still can up?
On behalf of the Board of Orion, M&A Securities is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 25 March 2019, approved the listing of and quotation for up to 179,686,900 Placement Shares to be issued pursuant to the Proposed Private Placement
On 22 April 2019, on behalf of the Board of Orion, M&A Securities is pleased to announce that the Company has fixed the issue price at RM0.165 per Placement Share.
As announced to Bursa Securities on 30 April 2019, the Company placed out 108,220,000 units of shares at an issued price of RM0.165, raising total proceeds of RM17,856,300.
Orion new issue of securities of Chapter 6 on fund raising trying to private place of up to 30% of the issued ordinary shares had Bursa Securities on 17 September 2019 resolved to approve the application for extension of time of up to 24 March 2020 to complete the implementation of the Private Placement. The problem is that they are not rushing
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....
xuxu
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Posted by xuxu > 2019-09-26 17:14 | Report Abuse
what lucky is didn't buy mtag at 0.70. cancelled my queue before opening yesterday haha