NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING DIVERSIFIED GATEWAY SOLUTIONS BERHAD ("DGSB" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED ORDINARY SHARES IN DGSB DIVERSIFIED GATEWAY SOLUTIONS BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description DIVERSIFIED GATEWAY SOLUTIONS BERHAD ("DGSB" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED ORDINARY SHARES IN DGSB Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 21 March 2018.
Further to the announcement dated 21 March 2018, M&A Securities Sdn Bhd, on behalf of the Board wishes to provide the following information with regards to the utilisation of proceeds from the Proposed Private Placement for further clarity.
With respect to the proceeds used for DGSB’s Malaysian operations, the Board proposes to utilise RM2.54 million of the proceeds to rent 6 additional support centres targeted to be located at the Klang Valley region and major cities in the Northern, Southern as well as East Malaysia, the sizes of which is yet to be determined but shall depend on, amongst others the cost and location of the support centre. Additionally, the Board proposes to recruit approximately 35 additional software engineers and consultants for the Group’s Malaysian operations to provide customers with better turnover time. This is expected to lead to increase staff costs and general office equipment expenses through the setting up of support centres. The new support centres are expected to be opened with third party software support companies (either through partnership, joint venture or other forms of business collaboration, depending on the outcome of negotiations with these companies) and expect to commence their operations in the 3rd quarter of 2018.
So far no regret Looiks.... I did not realise that I have accumulated close to 20 mill shares of DGSB already! But I still have facilities to buy another 10 million if I want...
Personally, I won't sell my existing 500,000 shares in this counter if it didn't go up to RM1.00. I believe this stock has its potential looking from the vintage point that it has private placement in place coupled with the business expansion and long-term profits i.e. been profiting for the past 5 years.
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....
Looiks
5,493 posts
Posted by Looiks > 2018-03-26 19:12 | Report Abuse
hehehe.........