Welcome paperplane shifu, Thats only from my point of view. Nothing is guarantee in stock INVESTING. Moreover, this year started short selling. The least is you can sleep well while earning money in righteous way.
Bonus issue application just submitted to Bursa on 15 Feb 21, need to wait for bursa approval for announcement, after approval , 3:2 bonus issue will be in 2 weeks period...stay tune...
MULTIPLE PROPOSALS YI-LAI BERHAD ("YILAI" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") YI-LAI BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description YI-LAI BERHAD ("YILAI" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") We refer to the Company’s announcement dated 10 February 2021 and its subsequent announcement in relation to the Proposals.
On behalf of the Board of Directors of YiLai, KAF Investment Bank Berhad (“KAF IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 18 February 2021, resolved to approve the listing of and quotation for 97,047,061 Bonus Shares to be issued pursuant to the Proposed Bonus Issue, on the Main Market of Bursa Securities.
The approval by Bursa Securities is subject to the following conditions:-
1.YiLai and KAF IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue;
2. YiLai and KAF IB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
3. YiLai / KAF IB to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the forthcoming general meeting for the Proposed Bonus Issue;
4. YiLai and KAF IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; and
5. YiLai and KAF IB are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) and (b) and 6.35(4) of the Listing Requirements.
YiLai is also required to ensure full compliance of all the requirements as provided under the Listing Requirements at all times.
NicholasNWH90, Actually, why need to take profit before the ex-date if the company revamp is a good thing, especially diversification into other indiustry. No doubt its profit is going down in the past. I beleive we will reap good harvest in the future. Growth to me is important too. Just keep for sometime first. Say, 2 - 3 years. or 5 maximum. See what they can do.
Lol, yes, as long prrice go up. After corporate exercise, the share capital will increase to 242.61 million shares. .... Still a below 300mil share counter. A perfect counter to goreng again after this excersize. Haha
operator dont like lansi ppl like you mah, think you know everything mah. you lansi, they dun like you loh. get out and get loss. I wonder why ppl sometimes so like to big mouth.
tiu, go fly kite lah you. dont come here kacau anymore. why u wanna loiter where?waiting ppl feed u information and news kah. go other place. here no more news update for you
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....
paperplane
21,659 posts
Posted by paperplane > 2021-02-16 14:49 | Report Abuse
good observation by Lanmum, Yilai used to be a very quiet stock.
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=201319&name=EA_DS_ATTACHMENTS
78% holding by Top30 shareholders.... hehe