The ICPS can be converted into new Shares at the conversion price of RM0.10 ("Conversion Price") in the following manner:
(a) 4 ICPS to be converted into 1 new Share; or
(b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the Issue Price of the ICPS surrendered and the Conversion Price in cash for 1 new Share.
The ICPS may be converted any time within 5 years commencing on and including the issue date of the ICPS up to and including the maturity date. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Shares at the conversion ratio of 4 ICPS for 1 new Share.
Tawin-PA has good leverage, and "in the money".. 1 lot PA + 0.075 convertible to 1 Lot shares 0.12 + 0.075 = 0.195 (still below 0.225) PA is a good buy.
The latest issue share capital of RM118,790,975.41 of the Company is represented by a total of 446,075,920 ordinary shares and 350,063,380 Irredeemable Convertible Preference Shares ("ICPS").
TAWIN bought 30% stake in Royce Pharma Manufacturing Sdn. Bhd. if you know, you know. those that said run run run, just let them run all the want. those that hold tight will be rewarded.
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....
Investgaogao
898 posts
Posted by Investgaogao > 2020-12-10 23:44 | Report Abuse
Maybe tmw start fly for its second wave :))