Dispatch Date: 14/04/2021 Trading of Rights Start On: 13/04/2021 Trading of Rights End On: 20/04/2021 Stock Par Value:
Last Day and Time for: - Sale of Provisional Allotment of Right: 19/04/2021 05:00 PM - Transfer of Provisional Allotment of Right: 21/04/2021 04:30 PM - Acceptance and Payment: 27/04/2021 05:00 PM - Excess Share Application and Payment: 27/05/2021 05:00 PM
Renounceable rights issue of up to 643,106,105 Irredeemable Convertible Preference Share in WZ Satu Berhad ("WZ Satu") ("Rights ICPS") at an issue price of RM0.11 per Rights ICPS on the basis of 1 Rights ICPS for every 1 existing ordinary share in WZ Satu ("Shares") held by the entitled shareholders as at 5.00 p.m. on 12 April 2021 together with up to 80,388,263 free detachable warrants ("Warrants B") on the basis of 1 Warrant B for every 8 Rights ICPS subscribed ("Rights Issue of ICPS with Warrants")
Hope the following info gives better understanding. Otherwise, pls contact your broker.
WZSATU - Notice of Rights Entitlement (Ratio)ILC-30032021-00001Renounceable rights issue of up to 643,106,105 Irredeemable ConvertiblePreference Share in WZ Satu Berhad ("WZ Satu") ("Rights ICPS") at an issueprice of RM0.11 per Rights ICPS on the basis of 1 Rights ICPS for every 1existing ordinary share in WZ Satu ("Shares") held by the entitled shareholdersas at 5.00 p.m. on 12 April 2021 together with up to 80,388,263 free detachablewarrants ("Warrants B") on the basis of 1 Warrant B for every 8 Rights ICPSsubscribed ("Rights Issue of ICPS with Warrants") Kindly be advised of thefollowing : 1) The above Company?s securities will be traded and quoted ?Ex-Right Issue? as from: 9 Apr 2021 2) The last date of lodgment : 12 Apr 20213) Retention Money: Where securities are not delivered in time forregistration by the seller, then the brokers concerned:- a) SellingBroker to deduct <1/2>, of Selling Price against the Selling Client b)Buying Broker to deduct <10%>, of Purchase Price against the Buying Clientc) Between Broker and Broker, the deduction of <1/2>, of the TransactedPrice is applicable. Remarks:- The Abridged Prospectus together with theNotice of Provisional Allotment and the Rights Subscription Form for the RightsIssue of ICPS with Warrants (collectively referred to as the "Documents") willonly be despatched to the shareholders of WZ Satu whose names appear in WZSatu's Record of Depositors at 5.00 p.m. on 12 April 2021 ("EntitledShareholders") who have registered addresses in Malaysia. Entitled Shareholderswho do not have a registered address in Malaysia and wish to provide theirMalaysian address, should inform their respective stockbrokers or SecuritiesServices (Holdings) Sdn Bhd to effect the change of address by the EntitlementDate or may collect the Documents from the Share Registrar, Securities Services(Holdings) Sdn Bhd at Level 7, Menara Milenium, Jalan Damanlela, Pusat BandarDamansara, Damansara Heights, 50490 Kuala Lumpur, in which event the ShareRegistrar shall be entitled to request for such evidence as it deems necessaryto satisfy itself as to the identity and authority of the person collecting theaforesaid Documents. Holders of the outstanding Warrants 2014/2024 in WZ Satuwho wish to be entitled to the Rights Issue of ICPS with Warrants must exercisetheir rights to subscribe for new WZ Satu Shares by lodging their dulycompleted exercise forms together with relevant subscription monies with WZSatu's Share Registrar (at the address stated above) on or before 5.00 p.m. on12 April 2021 such that their names will appear in the Record of Depositors forWZ Satu Shares at 5.00 p.m. on 12 April 2021. The Documents are not intendedto be (and will not be) issued, circulated or distributed, and the Rights Issueof ICPS with Warrants is not intended to be (and will not be) made or offeredor deemed to be made or offered for purchase or subscription, in any country orjurisdiction other than Malaysia or to persons who are or may be subject to thelaws of any country or jurisdiction other than the laws of Malaysia and noaction has been or will be taken to ensure that the Rights Issue of ICPS withWarrants or the Documents comply with the laws related to public offerings ofany country or jurisdiction where action for such purposes is required, otherthan the laws of Malaysia. Acceptance of and payment for the provisionalRights ICPS and excess applications must be made by way of the e-RSF enclosedtogether with this Abridged Prospectus and must be completed in accordance withthe notes and instructions in the e-RSF. The Documents will be despatched tothe Entitled Shareholders on 14 April 2021.
B4 ex-date pun sudah jadi penny stock bawah 0.50 sen . After ex-date bolih jadi penny stock bawah 0.10 sen .....adoi !!! Got profits better lari kuat kuat rather than keeping inside the refrigerator to frozen for donkey yrs . I have no choice buying high price many many donkey yrs ago . Sell pun mati. Tak jual pun mati jugak pasal penny stock kalau bawah 0.10 Sen kena tunggu durian jatuh bila pun tak tau loh !!! The ratio 1 : 1 plus detachable free warrants on the basis of 1 warrant-B for 8 icps rights subscribe . Macam ini sudah tentu penny stock bawah sekupang .....haiz
@ Peace99 - "down" is least expected on ex date. I was expecting it on Monday though. I worried after the completion of the exercise, the price will further drop. Below my entry price. I learnt too bitter lesson with Fintec :(
Heard "many news" before. "Hangat hangat Tahi Ayam". The promoter Calvin, the champion has abandoned the ship long time ago. Many got trapped here ever since. Your money... your decision. No one to be blamed. Cheers !
WZSATU-PR will start trading from 13/4/21-19/4/21.
If u are not interested to subscribe, u can try to sell off your rights under counter WZSATU-PR during the trading of rights 13/4-19/4 (if there is buyer or if the sales procced can cover the brokerage cost) on market. As long as u hold mother share u entitle for the rights
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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....
eye2eye
157 posts
Posted by eye2eye > 2021-03-17 18:04 | Report Abuse
looks like the contra players has been flushed out today. I see 0.22 is very good support. Next 0.275 before touching 0.305.