Announcement on 17th June 2016 by HTVB : On behalf of the Board of HTVB, HLIB and Maybank IB wish to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 13 June 2016 (“Closing Date”), HTVB had received valid acceptances and excess applications for a total of 335,297,806 RCUIDS, representing an oversubscription of 50,134,493 RCUIDS or approximately 17.58% over the total 285,163,313 RCUIDS available for subscription under the Rights Issue.
With Bandar Malaysia financing from China. You will be rest assured these china invested steel company will have a pie in it. High speed rail will definitely go to china
We refer to your Company’s announcement dated 15 June 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. The background information of ESSB, Angang-HK and Ansteel Group Corporation, China including the principal business activities, date of commencement of operations, identity of the directors and major shareholders together with their shareholdings;
2. The date ESSB ceased its production and the reason for the cessation;
3. Whether the directors, major shareholders and/or persons connected with the directors and major shareholders of the Company have any direct or indirect interests in the MOU.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
@murali Those who had seen these corporate exercises before would be wary. The adjustments, new shares and what-not often put selling pressure. Even relatively quality counters like TopGlove, Taann etc. had seen a drop in price. Nowadays it's better to take profits when we can instead of lingering around.
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....
lwh888
167 posts
Posted by lwh888 > 2016-06-17 20:21 | Report Abuse
Big hose for HTV.. with right issue proceeds and newly jv.. believe htv can really become Big Player in steel industries