Right now what we know is that the RCB is being issued in small tranches, likely to prevent heavy selling as well, also bursa only approved the listing of 1.1 billion of new shares via conversion of RCB at a issuance price of 0.3, it also means that if reneuco needs the full MYR 350 million of funding, they need to pull up the share price
96 billion in total to build the East Coast Rail Link (ECRL) that connects Kota Bharu and Port Klang, said the Ministry of Transport (MOT). The sum of RM74. 96 billion consists of construction cost of RM50. 27 billion, while other development costs amount to RM24 billion
Citaglobal (formerly known as WZ Satu Bhd) and Reneuco (formerly known as KPower Bhd) had won the tender to develop the IPP project for the ECRL network in December last year.
The SPV, called Citaglobal Reneuco ECRL Energy Solution Sdn Bhd, will undertake the financing, construction and operation of the project
The proposal submitted by the SPV involves the supply of renewable power to commercial or industrial parks along the ECRL's 640km alignment. ⬆️✅💰💰💰🫰🏻😎
During bullish trading one by one penny stocks moving only the experienced traders know what happened until everyone noticed but too late all above 1.00 ringgit already 🤣🤣🤣💰💰💰😎🤞
Last time where got such big projects like ECRL but share prices shooting up like no tomorrow…wakakaka I experienced that moment all construction stocks 10,20,30,40 above 🤣🤣🤣💰💰💰
wow 0.5 today? that will be a good show to watch. i Do agree that reneuco "may" be a gem in the making but that also depends on how good their chef is, because this stock as of this moment is still without institutional support.....
Bond holder convert to OS just cost 0.136. So Apa mau kisah kalau throw at any level price now. Lagi ini stock punya operator sampah. memang kaw2 la waterfall.
9m done already, 5 more to go, or maybe 5m will DBT later at 0.16 or higher? Usually after AL, there will be a DBT, last few times they DBT at 0.16.... what does it mean? it means that Triton converted and DBT to someone who is wiling to take in at 0.16.....then sell off in the market around 0.18++ but who is absorbing in the market? for that kind of volume certainly not bilis like us to absorb
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....
JustForFun123
100 posts
Posted by JustForFun123 > 2023-12-10 14:51 | Report Abuse
Right now what we know is that the RCB is being issued in small tranches, likely to prevent heavy selling as well, also bursa only approved the listing of 1.1 billion of new shares via conversion of RCB at a issuance price of 0.3, it also means that if reneuco needs the full MYR 350 million of funding, they need to pull up the share price