SANICHI TECHNOLOGY BHD

KLSE (MYR): SANICHI (0133)

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25 people like this.

15,016 comment(s). Last comment by whistlebower99 1 month ago

Posted by whistlebower99 > 2024-07-17 11:59 | Report Abuse

FOR NEWBIES

Announced EX Date Subject Ratio Offer
09 Apr 2021 22 Apr 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.0800
22 Mar 2021 02 Apr 2021 Share Consolidation 1.0000 : 10.0000
05 Nov 2018 16 Nov 2018 Rights Issue (warrant) 2 : 1 0.1000
18 Aug 2017 30 Aug 2017 Share Consolidation 3 : 1
31 May 2016 10 Jun 2016 Rights Issue (warrant) 2 : 1 0.1100
04 May 2016 17 May 2016 Share consolidate 4 : 1 View
15 Aug 2014 27 Aug 2014 Rights Issue (warrant) 3 : 2 View
31 Jan 2013 15 Feb 2013 Rights Issue (warrant) 1 : 1 View
10 Dec 2012 20 Dec 2012 Others 5 : 1 View

Multi year losses
9 years of losses in a row !!!

https://www.klsescreener.com/v2/stocks/view/0133/sanichi-technology-berhad

Check P/L and Capital Changes

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NOSH = 1,403,095,559 approaching 1.5 BILLION shares again after share consolidation & massive fund raising via Rights Issue in Apr 2021

Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc

Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future

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Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition, etc

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Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc

mf

29,189 posts

Posted by mf > 2024-08-05 05:11 | Report Abuse

BREAKING
Elon Musk PAC being investigated by Michigan secretary of state for potential violations

Posted by whistlebower99 > 2024-08-14 21:23 | Report Abuse

FOR NEWBIES

ESOS

(a) Date of offer : 14 August 2024

(b) Exercise price of options offered : RM0.016

(c) Number of options offered : 240,000,000

(d) Market price of Sanichi's shares on the date of the offer : RM0.020

(e) Vesting period of options offered : Not applicable



This announcement is dated 14 August 2024.

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Loss making penny stock
Directors rewarding employee with cheap cheap ESOS even though company business continue to suffer losses

Posted by whistlebower99 > 2024-08-14 21:26 | Report Abuse

NOSH continue to rise exceeding 1.5 Billion shares
Retail shareholders equity % continue to be diluted.

Posted by whistlebower99 > 2024-08-19 09:29 | Report Abuse

FOR NEWBIES

Types of corporate proposal ESOS
No. of shares issued under this corporate proposal 240,000,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0160
Latest issued share capital after the above corporate proposal in the following
Units 1,643,095,559
Listing Date 19 Aug 2024

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3473941

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Directors continue to raise more fund via massive shares issuance at cheap cheap low price
NOSH continue to rise above 1.5 BILLION shares

Retail shareholders equity & continue to be diluted

Will there be another share consolidation in near future ???

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https://www.klsescreener.com/v2/stocks/view/0133/sanichi-technology-bhd

Announced EX Date Subject Ratio Offer
09 Apr 2021 22 Apr 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.0800
22 Mar 2021 02 Apr 2021 Share Consolidation 1.0000 : 10.0000
05 Nov 2018 16 Nov 2018 Rights Issue (warrant) 2 : 1 0.1000 View
18 Aug 2017 30 Aug 2017 Share Consolidation 3 : 1 View
31 May 2016 10 Jun 2016 Rights Issue (warrant) 2 : 1 0.1100 View
04 May 2016 17 May 2016 Share consolidate 4 : 1 View

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

So soon another share consolidation by directors!!!!

SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY")

(I) PROPOSED SHARE CONSOLIDATION;
(II) PROPOSED SHARE CAPITAL REDUCTION; AND
(III) PROPOSED VARIATION

(COLLECTIVELY, THE "PROPOSALS")
On behalf of the Board of Directors of the Company, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:

(i) proposed consolidation of every 10 existing ordinary shares in Sanichi (“Sanichi Shares”) into 1 Sanichi Share (“Proposed Share Consolidation”);

(ii) proposed reduction of the issued share capital of Sanichi pursuant to Section 117 of the Companies Act 2016 (“Proposed Share Capital Reduction”); and

(iii) proposed variation to the utilisation of proceeds previously raised from the rights issue with warrants exercise undertaken by the Company that was completed on 28 May 2021 (“Proposed Variation”).

Further details of the Proposals are set out in the attachment below.

This announcement is dated 4 October 2024.

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Retailers kept being squeeze by directors action

MULTIPLE PROPOSALS | https://www.klsescreener.com/v2/announcements/view/8028183

Posted by whistlebower99 > 1 month ago | Report Abuse

Something not right with bursa or sc or.....
Keep approving shares issuance to PP ESOS or RI and then approving shares consolidation.

kyliew

1,397 posts

Posted by kyliew > 1 month ago | Report Abuse

1st time in Bursa?

Posted by Lee Ying Yee > 1 month ago | Report Abuse

the stock king in bursa ? 6 time consolidate ??

Posted by whistlebower99 > 1 month ago | Report Abuse

This will be the 5th time of shares consolidation since Dec 2012.
No authority to investigate the actions of directors to continue squeezing the shareholders especially the retailers.

stncws

10,711 posts

Posted by stncws > 1 month ago | Report Abuse

1c to 20c then 1c...then to 20c then 1c,....should be -

stncws

10,711 posts

Posted by stncws > 1 month ago | Report Abuse

now 1c to 10c....normally sharehlder will sell all @ 12 to 14c first day

Posted by hen_choong > 1 month ago | Report Abuse

Teach u all
Conso again pls do complain to bursa,try send email to complain, really unfair to all ur minority shareholders,If you dont want to end up like ikan bilis, please voice up to
Chairman@bursamalaysia.com
SID@bursamalaysia.com
RMCChairman@bursamalaysia.com

JJPTR

200 posts

Posted by JJPTR > 1 month ago | Report Abuse

What? 6 times already dcing consolidating conjob? Must be very very very wrong about this company.
you touch you die
also involved in this SANICHI are BCM, MNC.
BCM, MNC, SANICHI......make sure not a single share in your portfolio

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES


On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 22 October 2024, approved the Proposed Share Consolidation

MULTIPLE PROPOSALS | https://www.klsescreener.com/v2/announcements/view/8238789

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Existing retail shareholders will have their shares reduced by 10 times soon.
Be prepared for huge losses due to share consolidation

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