Directors busy with new year fund raising via shares issuance
PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN SAG Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Private Placement.
On behalf of the Board, M&A Securities wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.0405 each.
The aforementioned issue price of RM0.0405 per Placement Share represents a discount of approximately RM0.0098 or 19.48% from the five (5)-day weighted average market price of SAG from 27 December 2021 to 31 December 2021 of approximately RM0.0503 per Share.
This announcement is dated 3 January 2022.
========= NOSH to increase by 30 %? Dilution of shareholders equity % and EPS
DIRECTORS RAISE FUND VIA SHARE ISSUANCE TO PRIVATE PLACEMENT
==================== Types of corporate proposal Private Placement Details of corporate proposal SINARAN ADVANCE GROUP BERHAD ("SAG" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN SAG No. of shares issued under this corporate proposal 211,144,900 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0405 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 914,961,482 Issued Share Capital ($$) Malaysian Ringgit (MYR) 102,386,383.570 Listing Date 14 Jan 2022
================= PP issue price = 0.0405 Current market price = 0.085 GOOD PROFIT FOR CHOSEN PP INVESTOR
=================== NOSH = 914,961,482 Dilution of shareholders equity % and EPS
SINARAN-WB - BONUS ISSUE OF 457,480,739 NEW WARRANTS IN SINARAN ("WARRANTS 2022/2027"), ON THE BASIS OF 1 WARRANT 2022/2027 FOR EVERY TWO (2) EXISTING SINARAN ORDINARY SHARES HELD ("BONUS ISSUE OF WARRANTS") SINARAN ADVANCE GROUP BERHAD
Kindly be advised that SINARAN’s 457,480,739 Warrants 2022/2027 issued pursuant to the Bonus Issue of Warrants will be admitted to the Official List of the Bursa Malaysia Securities Berhad and the listing and quotation of the Warrants 2022/2027 on the Main Market under the "Consumer Products & Services" sector, will be granted with effect from 9.00 a.m., Monday, 25 April 2022.
Sinaran let see.if break 11 cents in 10-20 million shares ok with gradually upward with volume not above 45 million shared.Let see 23 june-8july by then.if below 8.5 cents no point by this range of time.expect some range bound first also.
old Name--> new name KSTAR--> Sinaran Dynaciate Grp--> Ingens--> MMAG (classified as GN3 company ***) MINETEC --> AIZO (latest****) AT system-> Erdasan Group bhd (latest****) FOCUS dynamic --> change fin yr from Sep to Mar (latest***) FASTRAK -> VSOLAR LITESPD -> EDUSPEC HUAAN -> TECHNAX MEDAINC -> MERIDIAN PSIPTEK - > AGES (pn17) IDMENSN -> EVD NEXTNAT -> NEXGRAM BIOOSMO -> IMPIANA-> MAGMA (latest) TECFAST-> FAST PORTRAD -> OMEDIA -> ACCSOFT -> LAMBO (SC to delist by Oct 4th,2024) TMS -> SKH -> (Vortex Consolidate) -> HM(Harvest Miracle) ETITECH -> TRIVE POWER-> INSTACO -> VIVOCOM -> VINVEST GLOSOFT -> AGLOBAL -> NETX M3TECH --> XOXTECH MACPIE --> XOXNET ASTRAL Supreme--> VIZIONE (5 merge into 1 shares, price adjust from 5c to 25c, dropping again)
Is it costly to keep changing company names? YES. 1 Government filing fees 2. Legal cost, need lawyer to prepare documents 3. Updating logo,marketing material,signboard,letterhead can be expensive 4. Domain name,website,register new trademark 5. Time,administrative,updating account, marketing material ,customer and vend or notifications 6. Resources, internal team,staff,,contractors wasting lots of time 7. IT team need to waste time updating digital asset In conclusion, companies that change name often are not productive. One can study its quarterly financial report and notice revenue as good as non-existent and loses increasing. Do you see good solid company like Public Bank change name before? The day it happen, run for your life. When you see Conmen Sdn Bhd change to Conmen-new Sdb Bhd, the SOP is to RUSH OUT not RUSH IN
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whistlebower99
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Posted by whistlebower99 > 2022-01-03 18:36 | Report Abuse
Directors busy with new year fund raising via shares issuance
PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN SAG
Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Private Placement.
On behalf of the Board, M&A Securities wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.0405 each.
The aforementioned issue price of RM0.0405 per Placement Share represents a discount of approximately RM0.0098 or 19.48% from the five (5)-day weighted average market price of SAG from 27 December 2021 to 31 December 2021 of approximately RM0.0503 per Share.
This announcement is dated 3 January 2022.
=========
NOSH to increase by 30 %?
Dilution of shareholders equity % and EPS
==========
TAYOR