Maybe to come out with medical products made from copper..Because virus disintegrates soon after landing on copper surfaces.So,hope the company focus on copper
Hokage medical and copper would be covered under Royce Pharma already knowned but research only lar nothing solid. These symbiosis thingy still puzzles me let see if got any articles later.
Please keep one thing in mind. Tawin is a sleeping Tiger. As long as the Board of Directors do not behave like the previous Taiwanese owner, Tawin will reach 28c per share next year.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TA WIN HOLDINGS BERHAD ("TA WIN" OR THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,106,101,171 NEW ORDINARY SHARES IN TA WIN ("TA WIN SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING TA WIN SHARE HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 6 MAY 2021 ("RIGHTS ISSUE")
On behalf of the Board, Mercury Securities is pleased to announce the following:
(i) the Rights Issue has been completed on 9 June 2021 following the listing of and quotation for 2,556,501,561 Rights Shares and 144,969,824 additional Warrants on the Main Market of Bursa Securities; and
(ii) Ta Win has successfully raised RM153,390,093.66 from the Rights Issue and the Company intends to utilise the said proceeds in the manner as detailed in the attachment of this announcement.
This announcement is dated 9 June 2021.
------------------------------------------------------------------------------------------------------------------------------ Current total shares Issued = 3,409,918,748 PA (ICPS) = 22,747,113 Warrant A = 304,172,581
Be informed that there could be more dilution to your shareholdings due to
(I) PROPOSED BONUS ISSUE OF WARRANTS; AND (II) PROPOSED SIS
On behalf of the Board of Directors of Ta Win (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:-
(i) proposed bonus issue of up to 1,494,736,797 new warrants in Ta Win (“Warrants B”) on the basis of 2 Warrants B for every 5 existing ordinary shares in Ta Win (“Shares”) held on an entitlement date to be determined and announced later by the Board (“Proposed Bonus Issue of Warrants”); and
(ii) proposed establishment of a share issuance scheme of up to 15% of the total number of issued shares (excluding treasury shares, if any), comprising a share option scheme and a share grant scheme to the eligible directors and eligible employees of the Company and its subsidiaries (“Proposed SIS”),
This announcement is dated 2 June 2021.
Full conversion of Warrant B will add 1,494,736,797 to the total shares issued. 15% of ESOS is about 511,487,812 shares to be added to the total shares issued.
On a Maximum scenario, eventually the total shares issued will exceed 5.7 BILLION shares.
@canbuyla go do your own research/homework, why suddenly want to know? Sorry but based on all your past comments, can't find any solid or constructive comments from you, seems like just want to trashtalk. Maybe someone else would like to explain and entertain our friend here.
Jun 2, 2021 9:23 PM so nice to let rights issues holders make big profit??? better think twice think thrice. good luck guys
Apr 24, 2021 7:00 PM stories and talk only...show me the results..if good I'll buy...if goreng only then better sell all
Apr 19, 2021 11:51 AM Going to game over..better clear ALL
China and Europe have made major strides into EV and American is also investing big so the demand for enameled copper, a key component in EV batteries will play out in the regional and global market. Tawin is poised to take capitalised on this market which is not only critical to meet the global climate change objectives but set to grow exponentially in the foreseeable time horizon. This is the underlying strength and strategic significance of Tawin given that there are not too many niche players here.
Now TaWin have more fund to expanding business. Good news. Business need money to invest, profit will grow. Stay with TaWin. Soon the share will going up to rm0.30. Good stock to hold.
I believe those entrepreneur is understanding how tough to borrow money from bank without any supported/guarantee PO from customer. Since Aptiv is giving them a green light for Tawin using their submited sample, the only way is to dilluted it share by issue RI for funding. In future, company is back to profit with huge cash flow and nothing to invest, they can anytime condolidate back the share.
It was great and awesome to see Ta win share price shot to the sky and hit 45sen quite recently. Regrettably, by one master stroke the management has successfully bashed it down to teen penny stock.The corporate exercise to raise fund involving a 3 : 1 right issue at 6sen a share has massively enlarged the share base by 2.556bn new rights shares. The enlarged issued share capital has ballooned to 3.4bn shares. The new shares are burdensome and have somewhat damaged the capital structure. It is earning dilutive and will hugely diminish the future earnings per share EPS and hence the long term share price.
Although the company has made huge progress the management must be mindful that Ta win is still a loss making company and remains in the red for the last eight (8) quarters.
Just as we thought the storm was over, the management has immediately initiated another corporate exercise to reward the shareholders and employees with free warrants and employees share incentive scheme. Some experienced investors would view the free warrants as an exceptionally clever but devilishly inventive sweetener by the management to keep the large number of minority shareholders from massively selling the additional rights shares. Truly, a sell down has been seemingly avoided.
In addition, the management has envisioned that the indicative exercise price of warrant would be 13.5sen hence making it irresistible. Fixing the exercise price at a discount and the forthcoming warrants trading in the money, the company foresees and expects total conversion that would again add 1.49bn new shares. And of course when this happens the company would be enriched by RM200M in addition to the RM153m it has just received. When the 500m SIS comes on stream the share base will be close to 5.5bn. What is the implication of having of 5.5bn shares capital? It simply means to make an EPS of 1sen the company has to make a profit of 1% x 5.5bn that is 55m. If the company is efficient and has a profit after tax of 10% it will have to generate a turnover of 550m to make 1sen EPS. That is burdensome.
Although many minority shareholders are bleeding and have to endure the losses, they remain steadfastly loyal and have great faith in the management. Sadly your major partner has partially abandoned you by disposing tens of million and ceased to be a substantial shareholders.
We are not fearful even if the price keeps falling. However,it will be horrendous and extremely unpleasant if the management does not follow through with all the projects and keep its promise
This is currently my best performing shareholding, copper is expected to enter into the start of a super cycle, E.V. growth potential is staggering. So many Banks and investment firms are promoting investment in E.V. Tawin have already secured the APTIV plc contract and the new management have made a very promising start to turn Tawin around. Whilst Asiaply have reduce there shareholdings, they are still invested, just not as much. In these times, it is prudent for asiaply to keep the cash to inject into their core business, so I don't see that as any reflection on Tawin, just diligent business management by asiaply.
Agree with fluffyclouds. For me is to believe and invest on their future business. So not for those FIFO contra player. But all investment got risk as mention by trader808 "However, it will be horrendous and extremely unpleasant if the management does not follow through with all the projects and keep its promise. " If so and I will cut loss if needed to do so. have a good evening ahead and let see what Tawin can give us tomorrow. ;)
chives, with Ta Win, it's always slow walk to the next floor. I never experience fly before. How I wish it can fly to the moon like Elon Musk's dogecoin.
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....
Looiks
5,493 posts
Posted by Looiks > 2021-06-09 17:08 | Report Abuse
hehehe.....I told u all this morning that 'someone' will sapu 14c. Now it is history