ASIAPLY] Exercise of Warrants on 18-Aug-2020 Stock [ASIAPLY]: ASIA POLY HOLDINGS BHD Announcement Date 18-Aug-2020 Listing Date 19-Aug-2020 New type/class? No Type Exercise of Warrants Details Conversion of Warrants-A to Ordinary Shares No. of shares issued 530,000 Issue Price Malaysian Ringgit (MYR) 0.100 Par Value - 0.000 Total NOSH 580,596,379
Not insider news but have been holding this company for 5 years ... once again 0.5 and it will shoot down to 0.1. The NAPS is just 0.1 , covid 2nd wave coming .
Erik7865 Private placement (PP) is one of the ways for company to raise fund for certain projects development or specific purpose. It can be from institutional or individual or with synergy effect. For Asia poly, I noticed these few days the price spike high , it indicates the company future is very bright,there are buyers willing to cough out higher pp price to take up 20% pp shares. Just hold tight!
Normally when a company want to launch pp exercise, they will push the price to much lower level, after taking the average price, they will push up again to enable the pp buyer takes some price advantage. But Asia poly is the other way round, I guess the future is very good . Pp price could be 50-60 sen or higher per shares. It is just my 2 cents!
Just read an article, Asia poly plans to raise RM76.4 millions fr private placement exercise, with an indicative price is assumed to be at RM0.47, which is a discount of 8.38% to the 5 days Volume Weighted Average Market Price (VWAMP) of RM0.513. 55 millions to be used for viable investment in manufacturing business, 10 millions for repay bank borrowings.and 11.3 millions for working capital purposes!
Yes but PP will dilute shareholder value so this is not great for Asiaply. 'Buy on rumor sell on news'..news is out price has come down. One of the directors just disposed of a million shares on today.
The MD Dato Yeo sold three times each 5 millions shares via off market mainly to an institutional funder, whom is also a private placement taker. I guess this big institutional funder is joining the company on new expansion manufacturing expansion. It is a good news!
25-Aug-2020 Insider DATO' YEO BOON LEONG (a substantial shareholder) disposed 5,000,000 shares on 24-Aug-2020. 25-Aug-2020 Insider DATO' YEO BOON LEONG (a company director) disposed 5,000,000 shares at 0.048 on 24-Aug-2020.
25/8 Dato Yeo bought in 1,000,000 shares @ 0.443. It shows major shareholders with high confidence on the coming qr results and the future developments
Lau9639@ ...Dato Yeo was more interested to dispose his share at 0.48cts and then bought back at 0.443cts. He just wanted to earn some pocket money. That is the trick that u shud learn.
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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....
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Posted by mf > 2020-08-19 02:52 | Report Abuse
ASIAPLY] Exercise of Warrants on 18-Aug-2020
Stock [ASIAPLY]: ASIA POLY HOLDINGS BHD
Announcement Date 18-Aug-2020
Listing Date 19-Aug-2020
New type/class? No
Type Exercise of Warrants
Details Conversion of Warrants-A to Ordinary Shares
No. of shares issued 530,000
Issue Price Malaysian Ringgit (MYR) 0.100
Par Value - 0.000
Total NOSH 580,596,379