Muar Ban Lee plans private placement to raise up to RM25.69m to repay bank borrowings KUALA LUMPUR (Oct 5): Muar Ban Lee Group Bhd (MBL) has proposed to undertake a private placement of up to 20% of its total number of issued shares to raise up to RM25.69 million to repay bank borrowings. MBL said in a bourse filing the proposed exercise will involve the issuance of up to 58.85 million shares to investors at an issue price to be determined. The expected proceeds raised are based on an illustrative issue price of 43.66 sen per placement share.
CEO need change surname to Chua family already since can earn together like family business.korek money out and then just like MBL PP to repay bank borrowings without any activities.
En Tau, New guy in the link above is in what position? Also send in by MBL. Person put in to korek for "family business" also?check the following link.
Symlife become the goreng stock after changing the management team, it looks like no potential compare to other property company, need to take some time back to 60 sens after this pandemic. The MBL profit in the latest quarter report but doesn't show anything in its share price
Thanks to our new bosses & management from MBL, guiding and lead our GCEO and give him chance. Giving all of us ex gratia bonus up to millions today although the company facing loss for two quarter and mahu Private placement to get money. Hidup Symphony Life!!!!!!!!!!!
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....
ChongLeeWoon
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Posted by ChongLeeWoon > 2021-09-18 23:02 | Report Abuse
May be seeing a race to increase shares to gain control...