KUALA LUMPUR (Jan 17): Arich Holdings Inc has ceased to be a substantial shareholder of Tatt Giap Group Bhd after disposing of its entire 13.89% stake in the group.
Tatt Giap notified Bursa Malaysia today that Hong Kong-based Arich sold its entire 23.69 million shares on Jan 14.
Arich first emerged as a substantial shareholder in Tatt Giap in June 2015, after it converted its irredeemable convertible unsecured loan stocks (ICULS) into 27.52 million shares.
Tatt Giap’s share price fell one sen or 4.35% to 11 sen today, giving the group a market capitalisation of RM25.18 million.
The counter saw 32.62 million shares exchanging hands.
am thinking to reentry back, today is Friday, it is normal for it to not up aggressively. maybe Tuesday will do, but since maybe today a bit slow, try to catch ya at 0.115
General Announcement (201901183000044) Company Name TATT GIAP GROUP BERHAD Stock Code / Short Name 5178 / TATGIAP Date & Time Announce 18/01/2019 12:48:32 AM Subject Additional Listing Announcement /Subdivision of Shares
Content 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Conversion of Preference Shares Details of corporate proposal : Conversion period of 5 Years. Irredeemable Convertible Preference Shares (ICPS) at an issue price of RM0.06 per ICPS together with free detachable Warrants on the basis of 8 ICPS together with 1 free Warrant for every 2 existing Ordinary Shares No. of shares issued under this corporate proposal : 5,551,750 Issue price per share ($$) : 0.1200 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 243,122,452 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 33,382,117.000 Listing Date : 22/01/2019 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Thr main reason price were battered down to below 015, means near future price may limited at 015?? Than those entered above 015 dunno how long will be stuk..one month? 6 months?
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KUALA LUMPUR (Jan 17): Arich Holdings Inc has ceased to be a substantial shareholder of Tatt Giap Group Bhd after disposing of its entire 13.89% stake in the group.
Tatt Giap notified Bursa Malaysia today that Hong Kong-based Arich sold its entire 23.69 million shares on Jan 14.
Arich first emerged as a substantial shareholder in Tatt Giap in June 2015, after it converted its irredeemable convertible unsecured loan stocks (ICULS) into 27.52 million shares.
Tatt Giap’s share price fell one sen or 4.35% to 11 sen today, giving the group a market capitalisation of RM25.18 million.
The counter saw 32.62 million shares exchanging hands.