By Adam Aziz | theedgemarkets.com | 2021-03-23 21:18:58 KUALA LUMPUR (March 23): Former transport minister Tan Sri Chan Kong Choy has been made the chairman of Fajarbaru Builder Group Bhd, as part of a slew of boardroom changes announced by the company today.
Chan, 66, will take over from Datuk Low Keng Kok on April 1, following the announcement of Low’s resignation to pursue his personal interest, according to a bourse filing from the company.
Meanwhile, group executive director Datuk Seri Kuan Khian Leng, 45, is redesignated as group chief executive officer.
Appointed to Kuan’s prior position is engineer Kong Kam Loong, 44, who was previously the director of Fajarbaru’s building construction division.
Concurrently, Fajarbaru also appointed Tan Sri Kuan Peng Ching @ Kuan Peng Soon, 75, as deputy chairman. Kuan is also a deputy chairman in Star Media Group Bhd.
Stock [PA]: P.A. RESOURCES BHD Announcement Date 23-Mar-2021 Listing Date 24-Mar-2021 New type/class? No Type Exercise of Warrants Details Conversion of Warrants B to Ordinary Shares No. of shares issued 200,000 Issue Price Malaysian Ringgit (MYR) 0.120 Par Value - 0.000 Total NOSH 1,193,628,287
Mike why need to convert the warrants when you can just sell the warrant?
Haha Mike, Look at the PA last 10 years finanancial record. Now I understand why the record is shit because Mike is there. And of cause this is not coincident but karma.
Insider converted 200,000 warrant so that PA get RM 240,000 cash flow for working capital. But Insider will immediate sell his PA to Mike and the cycle repeat again.
WB expire on 17/12/22, not affect price; but will follow Mom shares movement. As I said metal stock is cyclical, inflation cause it to go up, bec US dollar drop; n also due to covid 19, stocks low. When condition reversed, it could sleep for many yrs.
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scenery
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Posted by scenery > 2021-03-23 21:50 |
Post removed.Why?