By having considered the Group’s performance as well the Group’s needs for future growth, the Board of Directors is not recommending any dividend for FYE 31 December 2020. However, the Group is committed to ensure shareholders have fair and equitable return of investment in the future.
The Group is also seeking potential business projects/venture opportunities as a long term measure to create additional revenue and earnings stream to diversify into other areas of growth.
Again the pair of husband and wife intent to deal of their holdings during the close period before the announcement of QR as happened before... I sell to you, you buy from me....
I wonder who are these private placement investors. During this pandemic times, still can find such investors? What more to invest in this chay Kai company with no fundamentals at all. Puzzling???
Probability to strike a 4-digit number is one out of 10000 which is 0.01%. In 4d Magnum, Damacai or TOTO, there are 23 4d numbers for every draw. Chance to strike a price in a draw is 0.0001 x 23 = 0.0023 = 0.23%, extremely low. But still people flocking into the 4d shops to buy in at least a number, a good luck charm they say. Similarly in the stock market, many take the chance whether they realise or not any of the counters is 'designated' con or not con. Hihihihi....
The two husband and wife big shots got huge number of shares after the debt settlement issue by the company. They already put up notice of their intention to deal with the shares. The debt settlement issue was rated at about 1.9 sen per shares. Then what the price they intent to sell, minimum 2 sen or maxinum 1.5 sen if they want to buy in more shares. They may slowly push up the price, let say maximum 4 sen which they'll make more than double of their allocated shares.
What's the motive behind they willingly accepted the settlement by shares issued rather by cash. Some said it's nice of them to accept the shares to indicate their confident in the company's operations and future undertaking. By the way how's the jackpot project as speculated by one SipekHuat the Huat Projects?
This is the norm in shares market dealing. They got the volume and money to manipulate to make more money then they will execute their plan without mercy. Don't expect them to 'kasihan' you. You want to deal you pay for it, no free ride. So whether you branded them shark or whatever or you pee pee pee pee peeee... to alert others, they would still go on to hit at it and you sure be enticed to join in... who don't want to make easy money... Everybody knows how wonderful heaven is... but then many many many still do sins... kihkihkih
So this counter shows an early indicator that sharks are planning to enter by disguising as dolphines to entice you to come to play with them . . . Hope it is so !
COMPUGATES HOLDINGS BERHAD ("CHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
On behalf of the Board of Directors of CHB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a proposed private placement of up to 20% of the total number of issued shares of CHB to third party investor(s) to be identified later at an issue price to be determined and announced later ("Proposed Private Placement").
For the avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with the general mandate pursuant to Section 75 and 76 of the Companies Act, 2016 but that the Proposed Private Placement is subject to, amongst others, the specific approval to be approved by the shareholders of CHB in an Extraordinary General Meeting of CHB to be convened.
Further details of the Proposed Private Placement are set out in the attachment enclosed.
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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....
greenhorny
150 posts
Posted by greenhorny > 2021-04-24 08:49 | Report Abuse
debt settled....and get compensation of RM692,440.00 from land administrator ..hope coming qr green!