[INGENIEU] Conversion of Preference Shares on 25-Feb-2021
Announcement Date
25-Feb-2021
Listing Date
26-Feb-2021
New Type/Class?
No
Type
Conversion of Preference Shares
Details
Conversion period of 5 years. Irredeemable Convertible Preference Shares (ICPS) at an issue price of RM0.06 per ICPS together with free detachable Warrants on the basis of 8 ICPS together with 1 free Warrant for every 2 existing Ordinary Shares
No. of shared issued
1,208,800
Issue Price
Malaysian Ringgit (MYR) 0.120
Par Value
0.000
Total NOSH
597,657,296
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4.9 / 5.0
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....
clementlee
Conversion of Preference Shares - 1,208,800 shares at 0.120
So?.. how much institutional bank want their profit to be?..
mother share now ONLY 12-14cts ...
Institution banks might jack up mother share further (as per what did to Tawin fr 0.14 to 0.36) to take profit and to have more buffer zone?
2021-03-02 12:02