It is interesting to note that there is a new substantial shareholder in this company - MT 23 Resources Ltd. It emerged on 24/6/22 (I think after acquiring the Treasury Shares). It then sold about 1/3 of its holding (presumably to some insider). It has been gradually increasing its stake - now stands at about 6.375%. Maybe one day it may launch a takeover bid after acquiring sufficient shares together with its proxies (unknown at the moment).
7036 BORNOIL BORNEO OIL BHD NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY")PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL ("PRIVATE PLACEMENT") 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
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL ("PRIVATE PLACEMENT") BORNEO OIL BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL ("PRIVATE PLACEMENT") Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Private Placement.
We refer to the earlier announcements dated 26 May 2022, 13 June 2022, 28 June 2022, 5 July 2022, 29 July 2022 and 4 August 2022 in relation to the Private Placement.
On behalf of the Board, UOBKH wishes to announce that 300,000,000 Placement Shares issued pursuant to the Private Placement were listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on Friday, 5 August 2022.
This announcement is dated 5 August 2022.
Announcement Info Company Name BORNEO OIL BERHAD Stock Name BORNOIL Date Announced 05 Aug 2022 Category General Announcement for PLC Reference Number GA1-05082022-00019
My friends take note that this is the cheapest making money - profitable gold , food business ( F& B) company Many big company are hungry buying their PP, ESOS & what not Fantastic future ahead $$$$$ By yead end most likely Mother Bornoil 10 sen , WC 6 sen , WD 7 sen
300,000,000 pp shares subscribed at 0.022, still hv more than 500,000,000 pp shares not yet subscribed.... what is the minimum price for this current pp? unlikely operators will push bornoil share above 0.03... cronies would like to acquire their pp shares at lower price... ,
ehubeng@ endless esos and pp.... earning company .... profit go to directors and cronies... -------- will be DILUTING the shares to 1.5 SEN ...getting worst !! smelling this time ( end of August ) bad quarter result
Today just Monday but volume transacted today huge at 84m shares (top 4th by volume). Strange that why those people bought so much shares if there is no hope in this company. Makes no sense of putting in monies and paying brokerage, isnt it? Suspect something developing...
In my 25 years of share market investing across Malaysia Singapore and Hong Kong...I have not seen a share that can flatline this long and still have retail interest haha
Buy queue 428 mil, 306 mil and 257 mil as at 4.15pm 18 Aug!!! Ridiculously huge buy queue @ 0.02, 0.015, 0.01 to block out retail investors and forcing them to buy @ 0.025
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....
lehubeng
1,143 posts
Posted by lehubeng > 2022-08-04 09:04 | Report Abuse
operators happily sell at 0.025 and to acquire later at 0.02 through PP /ESOS....