look like no selling and no buying interest.... when it is quite than it is time to buy because my past experience, the moment people lost interest in the share, it will shoot up! It looks like the buyers and sellers in the past few weeks were from the same group...buying disappears so does selling...
Announcement Subject OTHERS Description MTOUCHE TECHNOLOGY BERHAD ("MTOUCHE" OR "THE COMPANY") - PROPOSED ACQUISITION OF SUBSIDIARY The Board of Directors of mTouche wishes to announce that the Company’s wholly-owned subsidiary, mTouche (Vietnam) Co., Ltd (“MVCL”) had on 10 May 2017 acquired the entire shares of Mobile Asia Vietnam Co., Ltd (“MAVC”) for a total cash consideration of VND500,000,000 (Vietnam Dong Five hundred million) or equivalent to approximately RM95,577 (Ringgit Malaysia Ninety Five Thousand Five Hundred Seventy Seven) only (“Acquisition”).
MAVC was incorporated under Enterprise Registration Certificate No. 0106123756 issued by Hanoi’s Planning and Investment Department on 14 March 2013 and the third amendment dated May 10, 2017 as a private limited company.
The Charter Capital of MAVC is VND1,500,000,000 and as MAVC is a One Member Limited Company, therefore no share capital was issued.
The Acquisition would not have material effect on mTouche Group’s earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding for the financial period ending 30 June 2017.
Subsequent to the Acquisition, MAVC shall become a wholly-owned subsidiary of MVCL, which in turn is a wholly-owned subsidiary of the Company.
None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the Acquisition.
Having considered all aspects of the Acquisition, the Board of Directors of mTouche is of the opinion that the Acquisition is in the best interest of mTouche.
Meaning, to convert eg. a warrant A into a mother share, you need to pay RM1.26 which is 3 sen + 126 sen = RM1.29 So a situation like this does not warrant an exercise unless the mother goes well beyond RM1.00
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....
hillsixtynine
138 posts
Posted by hillsixtynine > 2017-04-26 21:38 | Report Abuse
Nothing happened also