well, at least there is a proper plan on what to do with the funds, which is to expand it's glove and construction business, of which all are profitable ventures. don't see it as a big issue since there is a huge investor mopping up all the shares from Mr. Ng.
if private placement really at 0.205.. i dont think they will push up more than 0.3.. maybe will keep below 0.3 for some time before private placement complete.
so many private placement for the pass 2 years , each placement price is lower than the previous , just like catching water fish for every placement .....lol dato ng is good at this
becareful of this company, since alot of PP taken place but still rugi. investor will shy away from it. hence resulting the company have no choice but to do right issue.
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....
vivabursa
594 posts
Posted by vivabursa > 2021-02-03 20:15 | Report Abuse
Who is the New shareholder and management?
Something must be happening