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
rypien This exercise means that if you have 2 mother shares on hand, you have the rights to subscribe 8 ICPS at RM 0.060 per ICPS and the company will give you 1 free warrant for every 8 ICPS subscribe. (By the way, this corporate exercise was completed in Jan 2019.)
The announcement made by today means that someone has converted ICPS to 740,000 mother shares (7400 lots mother shares). That's it, nothing much special.
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....
FutureGains
10,707 posts
Posted by FutureGains > 2021-01-08 13:05 | Report Abuse
Wait for afternoon, could be rebound..