Operator so pathetic, conso instead go up before free fall, straight away free fall. Nobody cares about this stock also. Didn’t even become top 30 active volume
If 12million + is the consolidated turnover at the moment, it means the unconsolidated turnover is 120million +. This is a very high turnover for this stock.
hi stock masters, im a newbie here. im trying to sell this stock since morning but im unable to sell this stock in MPLUS. when set foR que sell or set Stop loss showing fail. realy frustrasted. help me
The renounceable rights issue of up to 794.37 million new shares will be on the basis of six rights shares with three free warrant-D for every existing consolidated share held.
mTouche has set a minimum of RM10 million to be raised from the proposed rights Issue.
To meet the minimum subscription level, the company has procured written undertakings from its executive directors Tang Boon Koon and Chen Huei Ping.
Under the minimum scenario, Tang's and Chen's shareholdings in the company will rise to 21.94% from 0.04% respectively, assuming none of the other entitled shareholders subscribe for their right shares.
mTouche, which is principally involved in the provision of mobile value-added services for smartphones, said it had reported losses for the past two financial years ended June 30, 2019 (FY19) and FY20 mainly due to increasing competition in the mobile value-added services industries arising from new developments in mobile technologies.
Thus, the group plans to diversify into the healthcare business which includes the distribution and sale of Covid-19 test kits and the wellness business to improve its financial performance.
Meanwhile, the gross proceeds to be raised from the proposed rights issue with warrants will be utilised for the expansion of the distribution and sale of test kits business, funding of the wellness business and working capital.
If you have 10,000 shares now and you decide to take up the rights, it will mean you will be holding 60,000 rights taken up plus your 10,000 shares. your total no of shares is now 70,000. Your investment quantity of shares in this company has now increase 6 times, irrespective of what the final value of the price or your monetary investment. Big ask for a company making losses and not going anywhere except the rights are at a 44% discount based on today's price of 0.18. Is the 44% discount big enough for you make a quick profit, bearing in mind you are heavily invested in this company after the rights.
KUALA LUMPUR (Feb 5): mTouche Technology Bhd is raising fresh capital of up to RM79.44 million via a cash call to finance its diversification into the distribution and sale of Covid-19 test kits. Meanwhile, the gross proceeds to be raised from the proposed rights issue with warrants will be utilised for the expansion of the distribution and sale of test kits business, funding of the wellness business and working capital.
Nope, if you own 10000 share value right now, you are entitled to buy 6000 share at 0.1 cent; thus your total share after RI is 16000 share at RI Ex date price.... Dont forget the will adjustment as well...; Ahbo you going to fill in the gap... There no female frog jumping around...;
Back on 5 Feb in an announcement ( refer 9.2 risk ) the company admit their business is mobile value added services. They admit that the group does not have any prior experiences in healthcare business. I am bringing this point up because, I personally cannot logically justify making a reasonble investment decision to add more money into this company, whether it is going to be $6,000, $60,000 or $600,000. My reason is it will be a lot more profitable putting that sort of money with anyone of the glove counters, if that is just loose change in your pocket like Tengku Adnan. Just as an example even Mah Sing would be better proposition. Mah Sing is new in glove but at least they already got future orders. Mtouche has got nothing just hopeful fishing. Prove me wrong !
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