1UTOPIA POPOSES PRIVATE PLACEMENT 1UTOPIA reported Jan 6, 2014 that it is planning a Private Placement of up to 10% of the Issued and PUC. At an Illustrative Issue Price of 10 sen per share, the Company would raise up to a maximum of RM12.1m, of which RM4.0m will be used for its electronic commerce business, RM1.0m for advertising and promotion, RM7.0m for working capital, and RM110k for placement expenses.
Based on the news of substantial share disposal, I think CBL intends to cabut away from this counter. Shareholders, please be aware. If you visit Low Yat, you will find UTOPIA is actually a crap company. Two years ago, they introduced "MOORA", how is it now? The company management does not have credibility at all. UTOPIA, INGENCO, and TAKASO.....There is no entreprenuerial directors. Most of them hit and run. My fair price to this company: 0.05
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....
yong
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Posted by yong > 2014-01-01 22:04 | Report Abuse
Will it start goreng by 2molo??? ? Hopefully....