CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS" OR THE "COMPANY") ("MLABS SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 4 NOVEMBER 2020 INTO 1 MLABS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Amount 1.0000 : 10.0000
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 755,123,412 NEW SHARES ("RIGHTS SHARES") TOGETHER WITH UP TO 440,488,657 FREE DETACHABLE WARRANTS IN MLABS ("WARRANTS C") ON THE BASIS OF 12 RIGHTS SHARES TOGETHER WITH 7 FREE WARRANTS C FOR EVERY 2 SHARES (AFTER THE PROPOSED SHARE CONSOLIDATION) HELD BY THE ENTITLED SHAREHOLDERS ON AN ENTITLEMENT DATE TO BE DETERMINED ("RIGHTS ENTITLEMENT DATE") ("PROPOSED RIGHTS ISSUE WITH WARRANTS")
Entitlement subject Share Consolidation Entitlement description CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS" OR THE "COMPANY") ("MLABS SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 4 NOVEMBER 2020 INTO 1 MLABS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Ex-Date 03 Nov 2020 Entitlement date 04 Nov 2020 Entitlement time 5:00 PM Financial Year End 30 Jun 2021 Share transfer book
Instead of struggle/stuck here, why don't consider better option to cover back your losses. Pantech achieve one of the best QR results as a manufacturing and stockist despite affected by MCO. Xin Hwa Hldg is one of the long term logistic partner and still have potential to growth which you guys can consider. No buy or sell call and trade at your own risk.
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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....
Good123
26,620 posts
Posted by Good123 > 2020-10-20 07:54 | Report Abuse
I will go for netx , the largest shareholder of mlab :)