Entitlement description RENOUNCEABLE RIGHTS ISSUE OF 465,854,970 NEW ORDINARY SHARES IN ORION (RIGHTS SHARE(S)) ON THE BASIS OF 7 RIGHTS SHARES FOR EVERY 2 EXISTING SHARES IN ORION HELD AT 5.00 P.M. ON 4 JULY 2017 TOGETHER WITH 232,927,485 FREE DETACHABLE WARRANTS (WARRANT(S)) ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED AT AN ISSUE PRICE OF RM0.17 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE
Got money to subscribe the rights issue or not? For every 2 shares held need to fork out RM0.17X 7= RMRm1.19
Very sickening counter dropping from RM0.32 in early June until 29 Jun to RM0.19 and closed at RM0.18 on 30/06/17 (ex-Rights Issue). Guess what will be the takeup rate of the rights issue if the ex-price is RM0.17 to RM0.18. Similar case like Asiabio that after ex-consolidation the price dropped as low as RM0.15 which below the issue price of ESOS of RM0.165
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....
Octopus
549 posts
Posted by Octopus > 2017-04-19 11:48 | Report Abuse
Zzz, need drop some more