26 May 2023 - Notice of Person Ceasing (Section 139 of CA 2016) DATO SRI LIM KOK HAN Disposal of shares via direct business transaction No of securities disposed 358,183,000 unit Total no of securities after change 0 unit (0 %)
30 May 2023 Change in Boardroom Name DATO SRI LIM KOK HAN Designation Non Executive Director Directorate Non Independent and Non Executive Type of change Resignation
807 million shares issued since 2020 through private placement, almost doubling the NOSH. Soon there will be a cancellation of shares and issuance of more shares.. conman playbook
In conjunction with the Proposed Private Placement, the Company had on 30 April 2024 entered into 6 separate subscription agreements (“Subscription Agreements”) with Adj Prof Dr. Prem Kumar A/L Shanmugam (“Dr. Prem Kumar“), Roberto Guiati, Chan Yok Peng, Ler Pei Fen, Chow Dai Ying and Tay Guat Eng @ Tai Guat Eng (“Tay Guat Eng”) (collectively, the “Subscribers”) to subscribe for a total of 598,476,400 Placement Shares at an issue price of RM0.0320 per Placement Share (“Subscription Price”) to be satisfied in cash.
NOSH exceeded 2 BILLION shares due to directors frequent fund raising via share issuance to PP, ESOS, RI, etc causing massive dilution to shareholder equity % and EPS
========================= Another massive fund raising via massive shares issuance to PP on the way !!!
PROPOSED PRIVATE PLACEMENT OF 598,476,400 NEW ORDINARY SHARES IN GPB ("GPB SHARES" OR "SHARES") ("PLACEMENT SHARES") REPRESENTING APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES IN GPB (EXCLUDING TREASURY SHARES) ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board, Mercury Securities wishes to announce that the additional listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad on 8 May 2024.
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
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....
GoldenShares
3,538 posts
Posted by GoldenShares > 2023-06-21 16:43 | Report Abuse
brew your head !