Posted by whistlebower99 > Dec 15, 2021 4:42 PM | Report Abuse
NON STOP FUND RAISING VIA SHARE ISSUANCE
Types of corporate proposal Private Placement Details of corporate proposal Private Placement of up to 143,217,500 new ordinary shares in SAUDEE No. of shares issued under this corporate proposal 74,217,500 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0528 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 867,572,319 Issued Share Capital ($$) Malaysian Ringgit (MYR) 155,120,970.720 Listing Date 16 Dec 2021
Types of corporate proposal ESOS Details of corporate proposal Exercise of ESOS No. of shares issued under this corporate proposal 20,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0585 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 887,572,319 Issued Share Capital ($$) Malaysian Ringgit (MYR) 156,290,970.720 Listing Date 16 Dec 2021
============================== Directors keep issuing new shares to ESOS and PP to raise more fund Dilution to existing shareholders equity and EPS NOSH increase toward billion shares soon
PRIVATE PLACEMENT OF UP TO 143,217,500 NEW ORDINARY SHARES IN SAUDEE, REPRESENTING UP TO APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")
On behalf of the Board, Mercury Securities wishes to announce that the Private Placement has been completed following the listing and quotation of 74,217,500 Placement Shares, being the second and last tranche of the Private Placement, on the Main Market of Bursa Securities on 16 December 2021. The Company wishes to inform that a total of 143,217,500 Placement Shares have been issued under the Private Placement.
This announcement is dated 16 December 2021
===== PP completed Time to see how the directors utilize the fund to benefit the company and shareholders. Time for directors to focus on business profit generation instead easy fund raising via shares issuance.
SAUDEE GROUP BERHAD ("SAUDEE" OR "THE COMPANY") - PROPOSED ACQUISTION OF PROPERTY BY PERUSAHAAN SAUDEE SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY
Saudee Group Berhad (“SAUDEE” or the “Company”) is pleased to announce that its wholly owned subsidiary, Perusahaan Saudee Sdn. Bhd. has on 17 December 2021 entered into a Sale and Purchase Agreement (“Agreement”) with Stocks N Options Sdn. Bhd. [Company No. 200301024491 (626911-H)] for purchase of one unit of four and a half storey shoplot as further defined in Section 4 of this announcement, for a total purchase consideration of Ringgit Malaysia Seven Million and Three Hundred Thousand (RM7,300,000.00) only, upon the terms and conditions as stipulated in the Agreement (“Proposed Acquisition of Property”).
====================== RATIONALE FOR THE PROPOSED ACQUISITION OF PROPERTY
The Company intends to venture downstream into the food and beverage sector. In this connection, the Company intends to use the Property as a Saudee concept store to create brand awareness and reinforce the brand positioning of its products through marketing and advertisement.
With the concept store, the Company will have an outlet to introduce and promote new products of the Saudee Group as well as for marketing activities as to increase its sales revenue through retail sales from the outlet.
================== BASIS AND JUSTIFICATION IN ARRIVING AT THE PURCHASE PRICE
The Purchase Price is based on the arm-length transaction with a series of negotiation with the Vendor. The price is at willing buyer and willing seller based on the average advertised market value of properties nearby the Property. The average advertised market price of property in the surrounding area is about RM1,480 per square feet compared to the Property purchased by the Company which is valued at RM1,235 per square feet.
==================== Directors utilise the company fund to purchase a one unit of four and a half storey shoplot.
Why not rent first ? Company cash rich, so just spend and buy.
====================== When company fund runs low, expect directors to raise more fund by share issuance and cause more dilution to shareholders equity and EPS
===================== So much for the volume of transactions of last few day ?
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) SAUDEE GROUP BERHAD
Particulars of substantial Securities Holder Name FOCUS DYNAMICS GROUP BERHAD
1 15 Dec 2021 3,000,000 Acquired Indirect Interest
2 16 Dec 2021 7,000,000 Acquired Indirect Interest
Acquisition of shares from open market via Focus Dynamics Centre Sdn. Bhd., a wholly owned subsidiary.
Direct (units) Direct (%) Indirect/deemed interest (units) 162,050,000 Indirect/deemed interest (%) 18.263 Total no of securities after change 162,050,000 Date of notice 17 Dec 2021 Date notice received by Listed Issuer 17 Dec 2021
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....
stockraider
31,556 posts
Posted by stockraider > 2021-12-15 18:11 | Report Abuse
Classic way of konning loh!
Posted by whistlebower99 > Dec 15, 2021 4:42 PM | Report Abuse
NON STOP FUND RAISING VIA SHARE ISSUANCE
Types of corporate proposal Private Placement
Details of corporate proposal Private Placement of up to 143,217,500 new ordinary shares in SAUDEE
No. of shares issued under this corporate proposal 74,217,500
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0528
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 867,572,319
Issued Share Capital ($$) Malaysian Ringgit (MYR) 155,120,970.720
Listing Date 16 Dec 2021
---------------------------------------------------------
Types of corporate proposal ESOS
Details of corporate proposal Exercise of ESOS
No. of shares issued under this corporate proposal 20,000,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0585
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 887,572,319
Issued Share Capital ($$) Malaysian Ringgit (MYR) 156,290,970.720
Listing Date 16 Dec 2021
==============================
Directors keep issuing new shares to ESOS and PP to raise more fund
Dilution to existing shareholders equity and EPS
NOSH increase toward billion shares soon