Im only quoting from what jb161802 is promoting.Must have evidence and not simply spreads news in myeg and also here.Everyone can claim anything but must have substancial news
Finally warrant + conversion moving equal or more than mother, and in addition high volume. Now I am convinced something very positive going to happen.
When warrant is overpriced, to me it means buyers believe price of mother expected to go significantly higher. When it is lower it means nobody believe mother's increase is sustainable. That's how I see it.
Additional Listing Announcement /Subdivision of Shares CONNECTCOUNTY HOLDINGS BERHAD
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Conversion of Preference Shares Details of corporate proposal Instrument Conversion of Irredeemable Convertible Preference Shares ("ICPS") of RM0.025 each to Ordinary Shares No. of shares issued under this corporate proposal 1,351,500 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1000 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 367,730,925 Issued Share Capital ($$) Malaysian Ringgit (MYR) 48,397,175.000 Listing Date 11 Jun 2020
Remarks : The latest total share capital of the Company is RM48,397,175.00 comprising:- (i) 367,730,925 ordinary shares;and (ii) 464,963,300 ICPS.
Announcement Info Company Name CONNECTCOUNTY HOLDINGS BERHAD Stock Name CONNECT Date Announced 10 Jun 2020 Category Additional Listing Announcement /Subdivision of Shares Reference Number ALA-10062020-00007
JB161802...this is conversion of ICPS into nominal shares which increased.Stop spreading unsubstanciate news!!You are misleading people
BigDaddyCool. If u want to joint the boat then go ahead sailing smooth with tp .050-0.70 by july.cannot tell u more wt is happening inside S5@connect county@my eg
This article first appeared in The Edge Financial Daily, on February 15, 2017.
KUALA LUMPUR: Loss-making rubber products manufacturer Goodway Integrated Industries Bhd has withdrawn several corporate proposals announced last July, saying it requires additional time to enhance its disclosure and information requirement.
The proposals included a significant diversification of its business through the acquisition of holistic security solutions provider S5 Systems Sdn Bhd, a wholly-owned subsidiary of NSA Technology Sdn Bhd, for RM900 million via a share issuance.NSA Technology, controlled by well-connected entrepreneur Datuk Seri Johann Young, has said it wants to make a mandatory takeover offer of the remaining Goodway shares after the acquisition.
In a filing with Bursa Malaysia yesterday, Goodway also said it has mutually agreed with Maybank Investment Bank Bhd to terminate the latter’s service as its principal adviser with immediate effect.
“CIMB Investment Bank Bhd had been appointed on even date to act as our principal adviser for the proposals,” said the group, adding that it will endeavour to resubmit the application to seek the Securities Commission Malaysia’s approval for the corporate proposals within two months.
Besides the acquisition of S5 Systems, the corporate proposals included a restricted offer for sale of shares, placement of new shares, establishment of a share option scheme for employees and an increase in share capital.
S5 Systems currently derives the bulk of its income from immigration security projects in Malaysia and foreign countries such as India, the Philippines and Vietnam.
Goodway’s proposed acquisition of S5 Systems comes with an after-tax profit guarantee of RM55 million.
For the financial year ended June 30, 2016, S5 Systems reported an after-tax profit of RM22.5 million, on revenue of RM63.5 million, from a successful rollout of security projects outside Malaysia.
Goodway previously counted the armed forces pension fund Lembaga Tabung Angkatan Tentera as a substantial shareholder. However, this ceased to be the case in September 2016 after it cut its shareholdings in the company to below 5%.
Goodway has been bleeding losses since the financial year ended Dec 31, 2014, on lower sales of its products which was exacerbated by lower commodity prices and poorer global demand, as well as the discontinuation of its retailing and wholesale of natural rubber.
Its accumulated losses, according to its 2015 annual report, stood at RM18.4 million. On Bursa Malaysia’s main market, Goodway shares closed unchanged at 52 sen yesterday, giving it a market capitalisation of RM57.47 million. The counter has fallen by 22.4% since Feb 6 when it closed at 67 sen.
NOW 2020 via CONNECT COUNTRY for the The RM1.5 bil National Integrated Immigration System (IIS)..wowwwwww..good job jb161802
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....
muDDywaterz
18 posts
Posted by muDDywaterz > 2020-06-07 11:10 | Report Abuse
SKIN is now a defunct project and replaced with IIS...good try JB161802