Reference is made to the earlier announcements in relation to the Proposals.
On behalf of the Board of Directors of Asian Pac, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) is pleased to announce that the Securities Commission Malaysia (“SC”) had via its letter dated 14 February 2017, approved the application submitted by Affin Hwang IB on behalf of Mah Sau Cheong and person acting in concert with him, seeking an exemption from having to undertake a mandatory take-over offer in Asian Pac under subparagraph 4.08(1)(c) of the Rules on Take-overs, Mergers and Compulsory Acquisitions.
All property market still slowdown. Even johor property development sector have some of their funds cut off. But worth keeping for long term. For short term better see manufacturing and tech sector stocks
Undervalue counter with good take up rate at Kepong new launched. Imago mall continue perform with consistent income generated. Stay tuned next QR. TP : RM0.23
sslim, there is no mention of the exercise price for the warrant. And 10 shares for 1 ICULS at RM1 for ICULS, works out to be RM0.10 per share if you subscribe to ICULS.
winsama, YOU MENTIONED the exercise price of the warrant is RM0.25 and 1 ICULS (nominal value RM1) is convertible to 5 mother shares (par RM0.20).....WHERE TO FIND THIS INFO..TQ
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....
THOUSANDEYE
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Posted by THOUSANDEYE > 2016-12-22 09:54 | Report Abuse
The worry will soon turn to the goldmine soon via the right issue (if the plan is still on-going)