China is putting "electricity rationing" policy into a short to mid term action. Several taiwanese PCB factories are in the affected list. If order shifting comes to south east asia, wonder if BSL will benefit. I Jump in BSL today closing. Hope the pcb segment will be benefited.
CIRCULAR TO SHAREHOLDERS IN RELATION TO:- (I) PROPOSED SHARE SPLIT; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED BONUS ISSUE OF WARRANTS; AND (IV) PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Date Announced 07 Oct 2021
======================================
(I) PROPOSED SHARE SPLIT INVOLVING A SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN BSLCORP (“BSLCORP SHARES” OR THE “SHARES”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER INTO 2 SHARES (“SUBDIVIDED SHARES”) (“PROPOSED SHARE SPLIT”);
(II) PROPOSED PRIVATE PLACEMENT OF UP TO 58,800,000 NEW SHARES, REPRESENTING UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES, TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER (“PROPOSED PRIVATE PLACEMENT”);
(III) PROPOSED BONUS ISSUE OF UP TO 127,400,000 FREE WARRANTS IN BSLCORP (“WARRANTS”) ON THE BASIS OF 1 WARRANT FOR EVERY 2 SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (“PROPOSED BONUS ISSUE OF WARRANTS”); AND
(IV) PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE OPTION SCHEME INVOLVING UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES (EXCLUDING TREASURY SHARES) FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) (“PROPOSED ESOS”)
============================= == Share split is like bonus issue. No many things are free in life.
Bsl Corp only earn a mere 2.4% profit or Rm1 millions and yet based on some MOU Plus Bonus share has gone up very very very HIGH AND VERY VERY DANGEROUS NOW
This is a clear cut Pump & Dump
So don't be the sardine
See the sardines of Theta being eaten up
Later all the sardine who bought Bsl Corp above Rm1.00 will also be eaten
Cita Realty and BCM Alliance related to Fintec Mgmt group ??? If YES, be cautious they are good at "pump & dump"; bonus issues, rights issues and ESOS, private placements !!!! and quickly exit if you already make some gains ..........bcos your greed is what they shall capitalize on !!!
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....
shlyw
719 posts
Posted by shlyw > 2021-09-21 16:35 | Report Abuse
hope to reach a new high tomorrow.