Mr Na Boon Aik, the director and substantial shareholder of the Company, had on today, 20 September 2023 entered into two (2) Share Sale Agreement ("SSA") to dispose his 73,436,751 ordinary shares and 36,718,375 warrants of the Company for a total consideration of RM46,632,337 only (“the Disposal”).
The Disposal is expected to be completed by the first week of October 2023.
KUALA LUMPUR: Opcom Holdings Bhd's wholly-owned subsidiary Opcom VC Sdn Bhd is expanding into the satellite communications space by acquiring 70 million shares, representing 18.03% equity interest, in Binasat Communications Bhd (Binacom) for RM39.2mil or 56 sen per share.
OTHERSBINASAT COMMUNICATIONS BERHAD ("BCB" OR "THE COMPANY")- DISPOSAL OF SHARES BYMR NA BOON AIK, THE DIRECTOR AND SUBSTANTIAL SHAREHOLDER OF THE COMPANYYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
Many people wonder why Ong bought at 0.56, such a high price, instead of the market price, which is 0.44. The reason is that he wanted to buy a big block since this counter has low liquidity, and the only way is to buy from the owner. Now, onto the second question: why did the owner sell at 0.56? Because they believed it was worth this price due to the promising future outlook. If Ong wants to accumulate this volume in the open market, do you think he can get such a large quantity?
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....
J2911
67 posts
Posted by J2911 > 2023-09-14 15:54 | Report Abuse
why 4 pm waterfall ya