for sure will not go up anytime soon, if lucky,if not suffer la coz 0.09 for me is already high for this kind of stock, sumore this company with this bisnes, sorry to tell the truth
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HIAP HUAT HOLDINGS BERHAD (HIAP HUAT OR THE COMPANY) PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HIAP HUAT (PRIVATE PLACEMENT)
We refer to the announcements dated 28 November 2014, 5 December 2014, 27 January 2015, 10 March 2015, 24 August 2015 and 2 September 2015 in relation to the Private Placement. Unless stated otherwise, the abbreviations used in this announcement shall have the same meanings as defined in the announcement dated 28 November 2014.
On behalf of the Board of Directors of Hiap Huat (“Board”), Hong Leong Investment Bank Berhad wishes to announce that the approval from Bursa Malaysia Securities Berhad for the extension of time of up to 9 March 2016 to complete the implementation of the Private Placement will lapse after today. The Company has not been able to implement the Private Placement due to the following:
(i) prevailing market conditions;
(ii) the present market price of Hiap Huat Shares traded on the ACE Market, being below the par value of RM0.10 for each Hiap Huat Share; and
(iii) low trading volume of Hiap Huat Shares on the ACE Market.
After taking into consideration the abovementioned factors, the Board has decided not to proceed with the Private Placement.
This announcement is dated 9 March 2016. -----------------------------------------------------------
It have been cancelled base on 3 reason of the placement,
what if, it try to full fill the requirement to get the placement? which mean this stock going to above PAR rm0.10,
low trading volume, will be going to have high volume soon?
IT'S TRUE THAT YOU BUY, DIRECTORS SELL. THEY SELL SO THAT THEY CAN GET THE MONEY TO BUY IN LATER. BUT THE BIG NUMBER OF SHARES (13.3M SHARES )TRANSACTED IN 22-MAR SHOWS AN INTEREST OR A WAVE. YESTERDAY WAS THE 2ND WAVE WITH 16.8 M SHARES TRADED. PROBABLY GOOD NEWS IS COMING IN THEIR ANNOUNCEMENT NEXT WEEK OR NEXT MONTH. I WOULD BUY MORE IF THE SHARE PRICES DROP TO 8.5-9.0 SEN. EASY TO ENTER THE TOP 30 AS darkxfs SAYS. I HAVE HIGH HOPE FOR THIS COUNTER AS THIS IS A GREEN COUNTER MEANING GREEN IN THEIR PRODUCTION AS WELL AS GREEN IN THE INDUSTRY. FURTHERMORE, ALL THIRD WORLD COUNTRIES ARE ENCOURAGING THIS TYPE OF INDUSTRY WHICH HELPS THE ENVIRONMENT OF THE EARTH TO BE CLEANER AND HEALTHIER FOR PEOPLE TO LIVE IN. THE PRODUCTS PRODUCED BY THIS INDUSTRY ARE ALSO EASILY MARKETABLE TO THE GLOBE ( EVERY CORNERS OF THE WORLD ) IF THE UNITED NATIONS ENDORSE THE PRODUCTS. ON THE BUYING SIDE, PURCHASING OF RAW MATERIALS ARE NEVER ENDING AND EASILY OBTAINABLE FROM THE GARBAGE OR OIL COLLECTORS. BUYING PRICES OF RAW MATERIALS ARE ALSO SUBJECT TO DEMAND BY THIS INDUSTRY AS THE PRICES ARE NOT CONTROLLED BY ANY OUTSIDERS. THE INDUSTRY CONTROLS THE PURCHASING PRICE WHEREAS THE SELLING PRICES (MAYBE BE SUBJECT TO OIL & GAS PRICES OF THE WORLD) ARE STILL COMPETITIVE AND CAN BE LOWER THAN THE MARKET PRICES BECAUSE THE PRODUCTS CAME FROM RECYCLING OF GARBAGE.
You can play and win with this stock. Buy when it goes down till 0.075 and sell when it goes up to 0.090/0.095. This will repeat for every 3 month. I did it...
persie, you are correct. Directors buy directors sell. When I bought 500K , I saw no body sell. Almost zero seller. Suddenly, today I see so many sellers at 0.095. I will accumulate more if it goes to 8sen or less.
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....
MrNiceGuy
37 posts
Posted by MrNiceGuy > 2016-03-22 14:41 | Report Abuse
Wat happen now? Got any news??