Posted by whistlebower99 > Dec 22, 2021 11:57 AM | Report Abuse
FOR NEWBIES
RENOUNCEABLE RIGHTS ISSUE OF UP TO 690,705,280 NEW ORDINARY SHARES IN CSH ALLIANCE BERHAD (FORMERLY KNOWN AS KTG BERHAD) ("CSH") ("CSH SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING CSH SHARE HELD AS AT 5.00 PM ON 21 DECEMBER 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE, TOGETHER WITH UP TO 690,705,280 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE")
Posted by sato > Dec 23, 2021 2:53 PM | Report Abuse
Fintec uses the share RI ESOS PP to buy others stocks; Focus AT Sancera Komark Saudee Nets XOX Macpie & etc… buy HIGH then sell LOW. SC Bursa & Gov are in deep SLEEP mode?
stockraider you are liar, immoral, hypocrite. & evil hearted old woman. Deprived the poor from owning a low cost flat as you have owned 15 unit of low cost flats. Collect higher rental from the poor. Exploiting the poor yet praising China chairman policy of common prosperity. Hypocrite
The needs and demand is growth at 2021. Guess that 2022 will be a big turnover for IoT, Erp and 5g related player. Additional with industry 4.0. there will be something big to turnaround for the tech market.
1. ORDINARY RESOLUTION Description PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,075,350,500 NEW ORDINARY SHARES IN THE COMPANY ("ARB SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED RIGHTS ISSUE")
Voted For Against No. of Shareholders 22 9 No. of Shares 83,688,558 1,518,602 % of Voted Shares 98.2178 1.7822 Result Accepted
====================== Proposed rights issue passed by voting shareholders
Next announcement to wait for is the fixing of rights issue price
One step closer for directors to collect money from shareholders
Based on minimum scenario and assumed rights price of 12, total to be raised would be around RM73 million.
ARB Bhd posted a net profit of RM33.6 million for the third quarter (Q3) ended 30 September 2021 (FY21), an increase of 4 times from the RM8.4 million achieved in the same quarter last year.
Why not reward shareholders with the increased profit? Instead of asking shareholders to pour in more money into the company?
There is nothing wrong with negative goodwill which is perfectly acceptable to the authorities. Those who are not keen to participate in the RI should sell their shares.
Hence, the industry is expected to grow with a CAGR of 22.52% during the forecast period, from 2019 to 2025. Ease of operation and low installation cost are anticipated to drive market growth in the next few years. - Million Insights
Hoot9eonly assuming your trend theory is working, did the stock move up? No right? Major sell off.... ask for more money... use dodgy terms like negative good will
Rather than RI, it would have been better to do share placement. Normally RI comes with Warrant as a sweetener but because of the huge ICPS, it will be very complex and difficult to implement.
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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....
stockraider
31,556 posts
Posted by stockraider > 2021-12-22 11:59 | Report Abuse
Sell b4 too late mah!
Posted by whistlebower99 > Dec 22, 2021 11:57 AM | Report Abuse
FOR NEWBIES
RENOUNCEABLE RIGHTS ISSUE OF UP TO 690,705,280 NEW ORDINARY SHARES IN CSH ALLIANCE BERHAD (FORMERLY KNOWN AS KTG BERHAD) ("CSH") ("CSH SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING CSH SHARE HELD AS AT 5.00 PM ON 21 DECEMBER 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE, TOGETHER WITH UP TO 690,705,280 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE")
https://www.klsescreener.com/v2/announcements/view/3470571
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Another case of stock with RI going down below RI price before RI closing date.
Proposed in April 2021, price dropped from 30 to 9 today
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Investors getting smarter not to contribute more money to support fund raising via RI