After consolidating 10 to 1, you get 2 right issue at only 0.10. Free warrants and many more as according to the announcement. It will broaden their base. You can Google check EVD. It has a huge annual revenue of few hundred Millions. And good net profit.
PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN IDIMENSION CONSOLIDATED BHD
Type Announcement Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN Description IDIMENSION CONSOLIDATED BHD ("ICB" OR "COMPANY")
PROPOSED REGULARISATION PLAN (Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the announcements dated 19 December 2019, 5 March 2020, 20 May 2020 and 30 March 2021 in relation to the Proposed Regularisation Plan)
We refer to the Company’s announcement dated 19 December 2019 and its subsequent announcements in relation to the Proposed Regularisation Plan.
On behalf of the Board, KAF IB wishes to announce that the SC had, vide its letter dated 30 November 2021, resolved to approve the resultant equity structure of EVD pursuant to the Proposed Regularisation Plan under the equity requirement for public listing companies, subject to the following conditions:-
1. EVD to allocate 12.5% of its enlarged number of issued shares to Bumiputera investors to be approved by Ministry of International Trade and Industry within one (1) year after registering profit or three (3) years after the implementation of the Proposed Regularisation Plan, whichever is earlier (“Compliance Date”);
2. EVD to submit to the SC a proposal to comply with equity condition stated in paragraph (i) above, at least six (6) months prior to the Compliance Date; and
3. EVD or KAF IB to inform the SC upon completion of the proposal.
This one just waiting time for eruption...could be the next Genetec given its market cap and shares which stands at 43M....once the EV news breaks out and its out of PN17..its all the way up
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....
Humble2020
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Posted by Humble2020 > 2021-09-13 11:15 | Report Abuse
Buy on rumours, sell on news. Bye bye!