RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,861,936,149 NEW ORDINARY SHARES IN KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") ("KANGER SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING KANGER SHARE HELD, TOGETHER WITH UP TO 2,861,936,149 FREE DETACHABLE WARRANTS IN KANGER ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AS AT 5.00 P.M. ON MONDAY, 30 AUGUST 2021
Ex-date = 27 Aug 2021 Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021 Acceptance and Payment = 15 Sep 2021 05:00 PM Listing Date = 30 Sep 2021
Warrant exercise price fixed at 0.05 per warrant ------------------------------------------------------------------------
Upon completion of above rights issue, Kanger will end up with higher MULTI-BILLION shares and warrants.
Total shares = 5,723,872,298 (assuming allocated ESOS exercised before Ex-date) Total Warrant B = 2,861,936,149
Total amount raised = RM171,716,168
Retailers should avoid penny stocks that keep asking money from shareholders. Directors should be good in generating profits from business and not raising fund the easy way.
--------------------------------------------------------------------- Be reminded of another exercise of share issuance :
On behalf of the Board, UOB Kay Hian wishes to announce that Bursa Securities had, vide its letter dated 30 June 2021, resolved to approve the listing and quotation of the following:-
i 713,157,273 new Kanger Shares to be issued pursuant to the Proposed Acquisition; and
ii. 769,513,179 new Kanger Shares to be issued pursuant to the Proposed Subscription.
--------------------------------------------------------------------- Upon full completion, Kanger will end up with
Total shares > 7 BILLION Total Warrant B = 2,861,936,149
------------------------------------------------------------------------ LAMBO-OR trading at 0.005 seller price.
Can KANGER-OR do better than LAMBO-OR when trading starts on 1/9/21 ?
2 billion KANGER-OR will be waiting for buyers?
--------------------------------------------------------------------- Watch out for these dates:
Ex-date = 27 Aug 2021 Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021 Acceptance and Payment = 15 Sep 2021 05:00 PM Listing Date = 30 Sep 2021
------------------------------------------------------------------- Better to avoid - MULTI--BILLION-SHARE penny stocks - penny stocks with billion warrants. Look at Nexgram, Bornoil, EAH, etc as a guide - penny stocks that are only good in share issuance to raise fund by ESOS, PP or asking shareholders to dig pocket to pay for rights shares.
--------------------------------------------------------- TAYOR, don't be trapped with shares consolidation.
Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021 Acceptance and Payment = 15 Sep 2021 05:00 PM Listing Date = 30 Sep 2021
You can roughly gauge retailers response to rights issue application when the OR is traded from 1/9 - 7/9
Current Total issued share = 2,796,130,182 If operators finding it tough to push up now, it could be much more tougher when the RI and free warrant are listed .
hlh, if you have Kanger before ex-date (if you don't, today is last day to buy), you will receive OR on the basis of 1 OR to 1share on 1 sept, and you can trade this OR from 1 to 7 sept just like any other shares.
Detouch, do your math, you may change your mind. Two months ago, some one cursed scope RI, I showed him the math, he happy. Now he must be laughing. You looked back my comments there. But make your own decision....me no responsibility!
@peace 99 Tks. Is OR warrants? Same? For example I got 100 lots mother share . Will 100 OR automatically add to my share account? How to sell the OR from 1-7/9. After 8/9/2021 still can sell? Newbie . Everything blur. Tks again
Seri and hlh, or is not warrant. One OR is one ticket to subscribe one ordinary Kanger share at 6sen and get one free warrant. ORcredit automatically to account on 1sept. buy/sell OR just like how you buy/sell other shares. Last day to buy/sell is 7sept.
@peace99. On 1/9 got 100 OR in my share account. So have to buy 100 lots share at 6cts plus free warrants from 1-7/9 correct? Just contact my bank share remisier to do it? Cannot do it after 7/9 or cannot get the share plus free warrants correct?
@hlh1962. If today you have 100 lots of share, on 1/9 you share account will be added with 100 lots unit of OR. If you don't want to subscribe the RI, you can try to sell the OR from 1/9 up to 7/9. After 7/9 you can't sell the OR anymore, but you can use the OR to covert it for RI shares. If you don't sell or convert your OR for RI shares, after 15/9/2021 your OR become toilet papers.
If you want to subscribe the RI, you can't sell the OR. You can subscribe for 100 lots of shares by paying 6 sen for each OR, you will get one unit of RI share. The last date and time for payment for acceptance of the RI shares is on 15 Sep 2021 05:00 PM.
You can refer the incoming announcement/circular by Kanger to know how to subscribe the share.
Jangan tak risk if you have no money to subscribe RI . Looking at the price now the OR might not fetch even 0.005.. mean cannot sell. Unless a very very promising good news come around before RI expire.
Esuk saya abaikan beli OR.... saya ada mother 100 shares tunggu waktu sesuai untuk jual...tiada paksaan untuk beli OR walau kita miliki 100 mother shares kan?
Apa-apa news kanger nak keluarkan sekalipun, kena sangat berhati2 sebab sejarah telah membuktikan (history repeat itself)
Mou Kanger - hangus gitu saja Mou Vaksin - pun kena tiau Agreement Hyatt Vaksin - agreement kata dos supply masuk Julai, sekarang dah habis Ogos pun. beli barang kat shopee pun dah lama sampai kahkahkah Construction - ini lagi la kena hati-hati sebab Aset Kayamas famous dengan kes cuci duit untuk PRU
the only truth about kanger is - is value less than 6 cents - interscamnational (semua bangsa kena scam masuk dalam ni)
nak cerita pasal prospect, kalau very-very good prospect seperti yang dikompangkan, harga tak kan jatuh teruk macam ni. pastinya shark, banker yang ada analysis akan masuk awal
.MZM2511 @hlh1962. If today you have 100 lots of share, on 1/9 you share account will be added with 100 lots unit of OR. If you don't want to subscribe the RI, you can try to sell the OR from 1/9 up to 7/9. After 7/9 you can't sell the OR anymore, but you can use the OR to covert it for RI shares. If you don't sell or convert your OR for RI shares, after 15/9/2021 your OR become toilet papers.
If you want to subscribe the RI, you can't sell the OR. You can subscribe for 100 lots of shares by paying 6 sen for each OR, you will get one unit of RI share. The last date and time for payment for acceptance of the RI shares is on 15 Sep 2021 05:00 PM.
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....
SpeedNpower
592 posts
Posted by SpeedNpower > 2021-08-25 21:33 | Report Abuse
Why this counter so active chat? Obv con stock. U all stuck is it at penthouse. Wait 5 more years to exit I guess