Usually it takes 2 weeks to get Bursa approval for priv placemt..if receive nx week, stock should go into action again after Monday..Dow drop 300 pts yday.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 29,500,000 NEW ORDINARY SHARES OF RM0.10 EACH IN PASUKHAS, REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF PASUKHAS TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED ("PROPOSED PRIVATE PLACEMENT")
As far I know, not necessarily must offer immediately after approval. It can be nx week or even in week in january nx year. They can offer all at one time or in tranche, i.e some placement at .20 and the other at .22 as an example..
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....
SmallFish2015
14 posts
Posted by SmallFish2015 > 2015-12-06 14:38 | Report Abuse
Also at the same time. Be careful.