Private placement coming soon...but big sholder disposing their own 1.10, I chk back their history, found that they had done private placement, fixed the ex price 1.10..this ctr transaction volumn vli little, if buy may be hard to sell off in future with good price. My point of view only..
the Board of Directors of MILUX, M&A Securities Sdn Bhd (“M&A Securities”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 18 June 2014 (which was received on 19 June 2014), resolved to approve the Proposed Share Split. MILUX is also required to furnish Bursa Securities with the following prior to the quotation of the Subdivided Shares Proposed share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in Milux (“Existing Shares”) into two (2) ordinary shares of RM0.50 each (“Milux Shares” or “Subdivided Shares” (“Proposed Share Split”); (ii) Proposed amendment to the Company‟s Memorandum of Association to facilitate the implementation of the Proposed Share Split (“Proposed Amendment”); (iii) Proposed renounceable rights issue of up to 87,058,070 Milux Shares (“Rights Shares”) together with 87,058,070 free detachable warrants issued with the Rights Shares (“Warrants”) at an indicative issue price of RM0.50 per Rights Share on the basis of four (4) Rights Shares for every five (5) Milux Shares together with one (1) Warrant for every Rights Share subscribed after the Proposed Share Split (“Proposed Rights Issue with Warrants”); and (iv) Proposed diversification of the business of Milux into the iron ore business (“Proposed Diversification”).
Milux Shares (“Rights Shares”) together with 87,058,070 free detachable warrants issued with the Rights Shares (“Warrants”) at an indicative issue price of RM0.50 per Rights Share on the basis of four (4) Rights Shares for every five (5) Milux Shares together with one (1) Warrant for every Rights Share subscribed after the Proposed Share Split (“Proposed Rights Issue with Warrants”
Further to the announcement dated 25 March 2014 in relation to the Proposals, on behalf of the Board of Milux, M&A Securities wishes to announce that Pansprint and PMSB (“Parties”) through their authorised representatives have mutually executed an agreement to terminate the Off Take and Mining Cooperation Agreement dated 24 March 2014 with immediate effect (“Termination Agreement”).
Confirm go Holland if your biz partner today tell u wanna do mining, tomolo do property. Maybe next month oil, next month plantation, then end up doing shirt
Posted by paperplane > Apr 14, 2015 01:11 AM | Report Abuse Confirm go Holland if your biz partner today tell u wanna do mining, tomolo do property. Maybe next month oil, next month plantation, then end up doing shirt
@paperplane, today price is 1.04. Please check back in one month's time. You probably will miss another 55 sen again, just like SHH. Kekekeke
Insiders news milux has bought over by another company and last Friday they are meeting up for contract and deal has successfully done and now waiting for lawyer to draft the actual contract. At least will up 30-55c. Up up up!!!
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Posted by beginer > 2013-01-17 14:55 | Report Abuse
Can somebody write somethings about this co.