par value rm1 ...nta 0.27 ...apapasal tak masuk pn17 while irmgp masuk pn17??? bursa is not just enough...picking certain finger into nostril ----- this company is shit for years... and still here?
BTM Resources Berhad (BTM) is a Malaysia-based investment holding company. The Company is engaged in the provision of management services. The Company?s activities include logging, sawmilling, trading in sawn timbers, plywood and logs, timber molding and manufacturing of finger-jointed timber. The Company?s operations are located wholly in Malaysia. The Company?s subsidiaries include Besut Tsuda Industries Sendirian Berhad, which is engaged in investment holding, logging, sawmilling and trading of sawn timber and logs; Syarikat Maskayu Sawmill Sdn. Bhd., which is engaged in logging, sawmilling, and trading of sawn timber and logs; Besut Tsuda Wood Products Sdn. Bhd., which is engaged in kiln-drying operations, timber moulding and manufacturing of finger jointed timber and lamination boards; BTM Marketing & Trading Sdn. Bhd, which is engaged in trading of sawn timber and plywood and BTM Global Holdings Sdn. Bhd., which is engaged in letting of plant and machinery.
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description BTM RESOURCES BERHAD (“BTM” OR “COMPANY”)
RENOUNCEABLE RIGHTS ISSUE OF UP TO 118,734,576 NEW ORDINARY SHARES OF RM0.20 EACH IN BTM ("BTM SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 47,493,830 FREE NEW DETACHABLE WARRANTS ("NEW WARRANTS") AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY ONE (1) EXISTING ORDINARY SHARE HELD AS AT 5.00 P.M. ON 29 SEPTEMBER 2014 TOGETHER WITH FOUR (4) NEW WARRANTS FOR EVERY TEN (10) RIGHTS SHARES SUBSCRIBED, BASED ON A MINIMUM SUBSCRIPTION LEVEL OF 36,328,586 RIGHTS SHARES TOGETHER WITH 14,531,434 NEW WARRANTS (“RIGHTS ISSUE WITH WARRANTS”)
(For consistency, the abbreviations used throughout this announcement shall have the same meaning as defined in the announcement dated 30 October 2013 unless stated otherwise.)
We refer to the earlier announcements dated 30 October 2013, 1 November 2013, 4 December 2013, 23 December 2013, 7 January 2014, 29 April 2014, 2 July 2014, 4 July 2014, and 12 September 2014 in relation to the Rights Issue with Warrants.
On behalf of the Board, HLIB wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue with Warrants at 5.00 p.m. on 15 October 2014 (“Closing Date”), BTM had received valid acceptances and excess applications for a total of 98,452,700 Rights Shares. This represents an over subscription of approximately 20.85% over the total number of Rights Shares available under the Rights Issue with Warrants.
The details of valid acceptances and excess applications received as at the Closing Date are as follows:
No. of Rights Shares
% of total issue
Total valid acceptances
76,447,613
93.84%
Total valid excess applications
22,005,087
27.01%
Total valid acceptances and excess applications
98,452,700
120.85%
Total Rights Shares available for subscription
81,468,392
100.00%
Over subscription
16,984,308
20.85%
Accordingly, the excess Rights Shares will be allocated in accordance with the basis as stated in the abridged prospectus dated 29 September 2014 in relation to the Rights Issue with Warrants.
The Rights Shares are expected to be listed on the Main Market of Bursa Securities on 29 October 2014.
This announcement is dated 23 October 2014.
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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....
anbz
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Posted by anbz > 2013-08-03 02:01 | Report Abuse
par value rm1 ...nta 0.27 ...apapasal tak masuk pn17 while irmgp masuk pn17??? bursa is not just enough...picking certain finger into nostril
-----
this company is shit for years... and still here?