Notice of Person Ceasing (Section 139 of CA 2016) METRONIC GLOBAL BERHAD Particulars of Substantial Securities Holder Name FITTERS PROPERTY DEVELOPMENT SDN BHD Address c/o Third Floor, No. 77, 79 & 81 Jalan SS 21/60, Damansara Utama Petaling Jaya 47400 Selangor Malaysia. Company No. 199601040555 (412908-X) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Name of registered holder FITTERS PROPERTY DEVELOPMENT SDN BHD Address of registered holder Wisma FITTERS, No. 1, Jalan Tembaga SD 5/2, Bandar Sri Damansara, 52200 Kuala Lumpur, Wilayah Persekutuan. Date of cessation 08 Sep 2022 No of securities disposed 50,000,000 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of 50,000,000 shares via open market. Nature of interest Direct Interest
Date of notice 09 Sep 2022 Date notice received by Listed Issuer 09 Sep 2022
THE BIG BOSS BOUGHT 50% FITTERS SHARES AT 35SEN,.........CONTINUE TO SELL IT DOWN TO 5%,.......FITTERS SHARE PRICE NOW IS 7SEN,.......WHY ARE THEY SO SILLY SELLING AT LOSS,......WHAT IS THEIR PLAN ?.........SOMETHING VERY FISHY !
THE BIG BOSS HAS ALREADY MAKING SILLY INVESTMENT IN MTRONIC,......THEY BOUGHT MTRONIC ABOVE 6SEN,......SELL ALL AT LOSS BELOW 6SEN,......EASILY LOSS RM10 MIL.
LATELY,......FITTERS CALL FOR RIGHT ISSUE 3 FOR 1,......TO ISSUE 1.8BIL. SHARES.
FITTERS USE TO BE A GOOD COMPANY UNDER IR. WONG MANAGEMENT,.......DON`T KNOW WHAT IS HAPPENING NOW UNDER MR. PANG
Could be similar to BSLCORP rights issue application which was under-subscribed by retail investors/shareholders but supported by other penny stock companies like BCM and CFM which subscribe for massive excess rights shares !!!
Same could happened for FITTERS if they can find friendly parties or directors from other penny stock companies to support their fund raising exercise
Wait for Date for announcement of final subscription result and basis of allotment of excess Rights Securities 10 Apr 2023
Will the price move higher in the coming couple of weeks to entice subscribers?
For this counter, Changing to rights at current price ($0.085) will pegged the holding cost (excluding earlier loss/gain) at $0.059 considering the free warrant at $0.005 post rights.
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....
Icon 888
2,301 posts
Posted by Icon 888 > 2022-08-09 22:12 | Report Abuse
DUN touch tis stock ..