Just one week ago predicted... Now u heard already the news that Mahathir does really wanna team up with Anwar.. Im predicting that a Negotiation Table will be opened on terms of cooperation and the level of compromise.... soon..
ASB is now a cash rich company. 85% subscription gets RM 65 mil. 100 % subscription (remaining 15% unsubscribed will be taken by the Chairman) gets RM80 mil.
Page viii has mentioned that. The Rights Issue will be undertaken on the Minimum Subscription Level. The Undertaking Shareholder, namely DASB who is the Group Chair of ASB, has provided the Undertaking to subscribe in full for his entitlement for the Rights Shares and apply for the additional Rights Shares under Excess Application, under the Rights Issue. Based on the Undertaking and the Issue Price, the Undertaking Shareholder shall subscribe for 1,600,000,000 Rights Shares in the event that no other Entitled Shareholders subscribe for the Rights Shares. As the Undertaking is sufficient to achieve the Minimum Subscription Level, we have not procured any underwriting arrangement for the remaining Rights Shares not subscribed for by other Entitled Shareholders and/or their renouncee(s)/transferee(s).https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=220065&name=EA_DS_ATTACHMENTS
It is illogic will dropped to 2 cents. To celebrate when due 1bil market cap is possible. This right issue is in order. ASB now cash rich. Today buying support is very strong. Buy some to ride the possible gap up soon.
“Most of the time, the exact leader will not have a stake in the counter, hence, it is hard to trace from that point. Hence, the ‘related stocks’ could be via a proxy that I mentioned earlier,” an analyst told The Malaysian Reserve who spoke on strict anonymity.
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....
Income
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Posted by Income > 2022-10-24 16:29 | Report Abuse
ASB AKA Anwar Saudara Bhd