7123 PWORTH PRICEWORTH INTERNATIONAL BHDAdditional Listing Announcement /Subdivision of Shares1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Private Placement Details of corporate proposal : PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN PWI ("PWI SHARES" OR "SHARES") ("PLACEMENT SHARES") OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT") No. of shares issued under this corporate proposal : 100,000,000 Issue price per share ($$) : 0.0270 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 4,504,414,724 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 377,475,059.000 Listing Date : 23/09/2020 Remarks: 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
I check back the company actually making money on year 2015 with the average montly production log only 4000, in last month production already 7780, i am sure the company will start making money very soon, the only concern is the company stop production for 1 years + and that impact the cash flow, with the currect PP even will dilute the EPS, but that should help company could make a come back very soon.
Just wait and see the production log report by end of month. Hopefully it will increase or maintain in 7000, then confirm the company will making a come back soon with the number of lumber harvested.
so this is my theory, Hajiji becoming CM is a good for PWorth, in on of the talks, Safiee claimed that Hajiji was a proxy of Musa Aman which he had to come out and deny.. i dont see it going down further, their main problem is getting more land to cultivate to ensure that their factories run at 80-100%... and paying their bank loans ;)
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kuring2
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7123 PWORTH PRICEWORTH INTERNATIONAL BHDAdditional Listing Announcement /Subdivision of Shares1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Private Placement
Details of corporate proposal : PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE
"COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN PWI ("PWI SHARES" OR
"SHARES") ("PLACEMENT SHARES") OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED
SHARES OF PWI (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal : 100,000,000
Issue price per share ($$) : 0.0270
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 4,504,414,724
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 377,475,059.000
Listing Date : 23/09/2020
Remarks:
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