Expecting up or maintain on Monday. Basic reasoning: No urgency to sell, those who needed to sell to get fund for subscription of RI had sold on Friday.
51.0% EQUITY INTEREST IN SUNG MASTER, FOR A PURCHASE CONSIDERATION OF RM94,789,436 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM51,999,999.62 AND THE REMAINING PURCHASE CONSIDERATION OF RM42,789,436.38 TO BE SATISFIED VIA AN ISSUANCE AND ALLOTMENT OF 713,157,273 NEW ORDINARY SHARES OF KANGER ("KANGER SHARE(S)") AT THE ISSUE PRICE OF RM0.06 PER KANGER
RM142 mil. for purchase of 126 units of serviced suite in ANTARA@Genting Highlands
Both transactions involving shares issuance of more than 3.5 billion shares.
Are these transactions beneficial to company and shareholders?
Purchase of sung master not yet completed, talking as though already making profit for company. Misleading newbies.
Purchase of 126 serviced units still under development and scheduled to complete in 2024 if no delay(hard to believe). Now waiting for RI completion for money to flow out to aset kayamas. Still long way to talk about profits.
So many ill intention information by the ill-intention spammer like you. Misleading because only try to point on negativity only.
--------------- Why Issue a Rights Offering?
Companies most commonly issue a rights offering to raise additional capital. A company may need extra capital to meet its current financial obligations. Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money.
However, not all companies that pursue rights offerings are in financial trouble. Even companies with clean balance sheets may use rights issues. These issues might be a way to raise extra capital to fund expenditures designed to expand the company's business, such as acquisitions or opening new facilities for manufacturing or sales. If the company is using the extra capital to fund expansion, it can eventually lead to increased capital gains for shareholders despite the dilution of the outstanding shares as a result of the rights offering.
================================= Ex-date = 27 Aug 2021 (COMPLETED) Ex-Price = 0.05 Price per rights share = 0.06 ==========================
Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021 (COMPLETED) OR price at 0.005 seller quote for the entire trading period ==============================================
NEXT DATE TO NOTE Acceptance and Payment = 15 Sep 2021 05:00 PM Date for announcement of final subscription result 23 Sep 2021 Listing Date = 30 Sep 2021 =============================
Current Total issued share = 2,796,130,182 Assuming RI is fully subscribed, Total issued shares = 5,592,260,364 New WB = 2,796,130,182 =======================================
From end of OR trading date ( 7 Sep 2021) to Acceptance and Payment (15 Sep 2021)
Operators might be disposing off their original shares at 6sen or more and use the sales proceed to support the RI exercise.
Wait for Date for announcement of final subscription result 23 Sep 2021 ========================================================
Be reminded that the RI application closing date is 15 Sep 2021 ===============================================
tourism operators are seeing a surge in booking into langkawi holidays packages...MALAYSIA BOLEH...KANGER BOLEH...airbnb target price usd210...KANGER target price usd21...
@Superup96. Just my plan. Wait until morning 15 Sept to decide. If the price 6.5 sen or above, I subscribe. If below than 6 sen, absolutely will not subscribe, but will not sell the existing shares.
You can make your own decision. Or any other suggestions here?? TAYOR
Some people planning to subscribe on 15th Sept , but based on email i get below i cannot subscribe RI anymore. still newbie, please clarify RIGHTS ISSUE
To subscribe, please log-in to your account at http://www.rakutentrade.my > "Corporation Action Subscription" > "My Account". Please note payment must reach by 2021-09-07 18:00:00 otherwise, the subscription shall be deemed unsubscribe.
Superup96 Maybe it's good for you, not to have subscriber. Looks on the price now. Haha ----------------- We have another 2 trading days which are 13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.
Hope for the price keeping in upward momentum and trading higher than 6 sen.
------------- Based on Kanger Abridged Prospectus (page 63).
11.5.2 By way of e-RSF The electronic submission of the e-RSF is available to you upon your login to our Share Registrar's investor portal at www.shareworks.com.my. You are advised to read the instructions as well as the terms and conditions of the electronic submission of the e-RSF. Entitled Shareholders who wish to subscribe for the Rights Issue with Warrants and apply for the Excess Rights Issue with Warrants by way of electronic submission of the e-RSF, shall take note of the following:- (a) the electronic submission of the e-RSF will be closed at 5.00 p.m. on Wednesday, 15 September 2021. All valid electronic submission of the e-RSF received by our Share Registrar is irrevocable and cannot be subsequently withdrawn;
newbie212, your account with rakuten is a nominee account under Rakuten a/c. You cannot apply direct for the rights but have to go thru Rakuten. Rakuten silent on this unless you know the difference and ask them about it.
You can open a direct a/c under your name. Can try MPLUS
as some ask need subscribe RI.. more over is up to u... as yes, u may get even lower price from market, but no free warrant.. warrant worth?? i dunno... for me as long as FOC why no take...
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....
rr1688
3,170 posts
Posted by rr1688 > 2021-09-11 19:56 | Report Abuse
airbnb target price usd210...KANGER target price usd21...