Kennethvun will buy up the stocks go against authorities lah. Bursa only boleh bayar. SC senang tipu. Print kertas only sudi kena tipu willing buyer willing seller.
0072 AT AT SYSTEMATIZATION BHD TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))AT SYSTEMATIZATION BERHAD ("AT SYSTEMATIZATION" OR THE "ULTIMATEOFFEROR")CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY AT ENGINEERING SOLUTION SDNBHD ("AT ENGINEERING" OR THE "OFFEROR"), A WHOLLY-OWNED SUBSIDIARY OF ATSYSTEMATIZATION, TO ACQUIRE ALL THE ORDINARY SHARES IN ASDION BERHAD ("ASDION"OR THE "OFFEREE") ("ASDION SHARES") WHICH ARE NOT HELD BY THE OFFEROR ("OFFERSHARES") FOR A CASH OFFER PRICE OF RM0.50 PER OFFER SHARE ("OFFER PRICE")("OFFER")You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
From what I gathered from the previous article, written to condemn AT and Asdion, looks like AT is taking over Asdion with offer price of 50c. Wah below market price of current 59.5c
KVgroupcon Siphon money from AT to buy their own Asdion shares. SC going after the mastermind Kenneth Vun. Fintec also in the list. 31/03/2021 10:32 PM
beware u get tracked down and get your butt in jail
AT. typical securities fraud case. Cheat public money pump to AT and siphon out buying their own Asdion shares. It's CBT and breaches all securities law. Bursa and SC blind by their own staff with no legal knowledge help breed these criminal.
The mastermind behind penny CBT scheme Kenneth Vun Yun Lun and Mak Siew Wei. The consequences for not nailing them for life sentence is they do bigger crime to steal from the people.
SC hauls Kenneth Vun, 6 others to court over DVM Tech shares
Looks like pineapple promoter in jail already. lol. Expose your pay master crime, you promote the crime. See who go in first. Victims deserve the truth.
KVExposed Looks like pineapple promoter in jail already. lol. Expose your pay master crime, you promote the crime. See who go in first. Victims deserve the truth. 31/03/2021 10:41 PM
Prove it in court lah, dont come here to shoot the innocents
lol. go prove to court. when you goes in. why bother people freedom to talk?
IF a company’s shares are considered a form of currency, many small cap companies have been minting money via a series of private placements of new shares over the past 18 months.
A random check on penny stocks shows that the share capital of many of these companies have increased manifold. Among them are AT Systematization Bhd, Vsolar Group Bhd, Oversea Enterprise Bhd, Green Ocean Corp Bhd and Fintec Global Bhd.
The share issuance spree started to gain momentum after Bursa Malaysia relaxed the rules on private placement last April at the peak of the first wave of the Covid-19 pandemic.
The stock exchange raised the private placement general mandate to 20% of a company’s issued share capital, from 10% previously. The threshold is lower than other bourses, including those of Hong Kong and Singapore.
On top of that, companies are permitted to issue up to 30% of their existing share capital in a share placement if the shareholders approve the exercise at an extraordinary general meeting.
The regulators said the relaxation of the rule — until year-end — is an interim measure to help public-listed companies that urgently need to raise fresh capital to sustain their operations during these trying times.
Many small cap companies have opted for the interim measure to raise fresh cash for working capital and future investments or for new business ventures, for instance, production of rubber gloves or distribution of vaccines and Covid-19 test kits.
Fresh capital raised from secondary issuance soared by 76% to RM8 billion in 2020, according to the Securities Commission — evidence of interest in share placements and rights issues.
Coincidentally, most of these companies have a rather similar pattern of fundraising exercises, consisting of a share placement, followed by a cash call and share issuance schemes to reward employees, especially the board of directors.
It is also worth noting that the share prices of such small cap companies usually shoot up soon after these fundraising exercises, despite their dismal earnings performance. Below are some of the companies which have seen a significant increase in their share capital.
AT Systematization
Topping the list is ATS, one of the companies that have ventured into rubber glove manufacturing. Its total outstanding shares swelled by 811% to 4.23 billion shares between Jan 1, 2020, and March 15, 2021, according to Bloomberg data.
ATS, in which Fintec Global holds a 9.9% stake, carried out two private placements during the year. The first was proposed in August and the second in November. It issued a total of 1.34 billion shares to raise about RM159.5 million.
The first placement was priced at 6.3 sen to 7.16 sen. Its share price ranged between seven sen and 10 sen in October 2020, when it completed the placement.
The second placement was issued in December at between 15.95 sen and 18 sen — more than 50% higher than the previous one, thanks to the hike in ATS’s share price over the two months.
The first placement was to finance its diversification into the manufacturing and sale of rubber gloves and related machinery, which was in line with its proposed acquisition of industrial glove maker Pearl Glove (Malaysia) Sdn Bhd.
The acquisition was cancelled in November, however, with the group citing the non-fulfilment of certain conditions, without elaborating on them. In January 2021, ATS sued the shareholders of Pearl Glove for RM4.4 million, as it was not satisfied with the result of the exercise.
The second placement was to raise funds for capex for the glove business as well as working capital purposes, as the company was setting up its rubber glove plant in Perak.
Besides share placements, ATS had also undertaken a rights issue of 991.2 million shares to raise RM34.7 million. The proceeds were earmarked for the expansion of its production capacity, repayment of bank borrowings and working capital.
On top of that, ATS has rewarded its employees with share issuance schemes. As at March 10, eligible staff had exercised options amounting to 1.45 billion shares.
wow. someone got exposed already. Many victims know already the con job. Go ask judge give you 5 years lor plus 5 strokes. If track you down send you for 10 years. 50% discount, cheaper than 7 cents Fintec toilet paper. You should buy in.
pineapple123 KVExposed Looks like pineapple promoter in jail already. lol. Expose your pay master crime, you promote the crime. See who go in first. Victims deserve the truth. 31/03/2021 10:41 PM
Prove it in court lah, dont come here to shoot the innocents 31/03/2021 10:43 PM
Same like AT, rubbish. Drop 90% still is "paper" they will sell. Then print again. Average down is what they expect you to do. Greed turn parish.
KVExposed The mastermind behind penny CBT scheme Kenneth Vun Yun Lun and Mak Siew Wei. The consequences for not nailing them for life sentence is they do bigger crime to steal from the people.
SC hauls Kenneth Vun, 6 others to court over DVM Tech shares
It cannot be such a coincidence...news on Kenneth Vun and then bad QR is out a few days later. I suspect they are collecting the shares at cheap price before something great to come.
Kishin Sham Mahtani 720 million profit in 1 qtr become 62 million loss wonderful management of con company ....Busra sleeping all the time 31/03/2021 6:58 PM
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....
EmperorFund
938 posts
Posted by EmperorFund > 2021-03-31 09:53 | Report Abuse
BIG BIG BIG NEWS COMING !!! STAY TUNE !!!