Based on experience look like businesses need accept there rising cost of doing business in Malaysia.Putting 25 cent as best case scenario to 19-20 cent(worst case scenario).One thing I figures out that changes in accounting standard which last times certain accounts need not to be in but now yes.It may somehow affect the share price movement.
Kuala Lumpur, Thursday, 24 October 2019 – Kejuruteraan Asastera Berhad (“KAB”) today announced that it has agreed to acquire ordinary shares in Energy Optimization (Thailand) Co. Ltd (“EOT”). The acquisition is part of the group’s expansion strategy to accelerate the company’s market presence in the region and overcome market entry barriers. KAB has entered into a Shares Purchase and Sale Agreement (“SPSA”) with Mr. Chanchai Kitprotpisuth (“Seller”) to acquire 24,000 shares in EOT, representing 80% of the total paid up share capital in EOT, for a total cash purchase consideration of THB4,640,000.00 (equivalent to approximately RM642,176.00)
NOTICE OF EXTRAORDINARY GENERAL MEETINGNOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Kejuruteraan Asastera Berhad (“KAB” or the “Company”) will be held at Function Room 5, Level 2, Hotel Sri Petaling Kuala Lumpur, No. 30 Jalan Radin Anum, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia on Friday, 8 November 2019 at 9.30 a.m. or at any adjournment thereof for the purpose of considering and, if thought fit, passing the following resolution with or without modifications:-ORDINARY RESOLUTIONPROPOSED PRIVATE PLACEMENT OF UP TO 70,574,600 NEW ORDINARY SHARES IN KAB, REPRESENTING UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KAB, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER
ORDINARY RESOLUTIONPROPOSED PRIVATE PLACEMENT OF UP TO 70,574,600 NEW ORDINARY SHARES IN KAB, REPRESENTING UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KAB, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER
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....
CharlieSim
1,254 posts
Posted by CharlieSim > 2019-09-06 11:01 | Report Abuse
still looking good...