Wow, please read in detail private placement news!...purpose to fund construction project awarded to them, rm25 mil.....thats really big news....stock should fly higher...
The Development Project is situated on Lots 208397, 69040, 69041, 69042 and 69043, Taman Bintang, Bandaraya Ipoh, Mukim Hulu Kinta, Daerah Kinta, Perak Darul Ridzuan. The contract sum for the Development Project is RM25.08 million and the contract period is eighteen (18) months from the date of commencement of construction of the Development Project. As at the LPD, Pasukhas Sdn Bhd has not commenced construction works for the said Development Project. Pursuant thereto, the Company intends to utilise the amount of RM1.2 million to be raised from the Proposed Private Placement for the purchase of equipment and materials for the construction of the said Development Project. (b) The Company intends to utilise the amount of RM4.0 million as collateral/deposit to increase its financing facilities for the funding of the Pasukhas Group‟s existing business activities and future projects. The Company is in the midst of negotiations with several financial institutions to obtain such financing facilities. (c) The Company has allocated RM100,000 to defray the estimated cost to undertake the Proposed
Relax, they want to do private placement soon, surely they want it at higher price, more money they get. If got money just collect, average it, and just hold. Almost all stocks now going through correction. That's my thought.
Pasukgb share down possibly due to Private Placement of 29.5 Mil new ordinary shares of 0.10 representing 10% of total issued and paid-up share capital to independent 3rd party investor's which is yet to be identified recently whereas it suppose to be positive sign. possible next week the share prices will move North. good luck and have a nice weekend.
I have the same feeling will be up..nothing wrong with company actually,... turnaround in 2015, cash reserve s positive, on going projects, new CEO....surely new funds allign to CEO wil come in to support and goreng...if drop will collect and ride when uptick begins, it just need a bit of patience...but not for contra at this point..
Believe this counter will not be the same as XOX recently. Trust and protecting shareholder interest must be in the Business. Invest in fundemental com.will gain profit for sure.
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....
ronaldsoo373
62 posts
Posted by ronaldsoo373 > 2015-11-20 08:48 | Report Abuse
i got the same feeling