Hi... I'm newbies, I received OR so i need some explaination of OR from otai2 here. What to do with this OR... Do I need to sell it now or not? Is this like warrant have expired date or not... Tq
ZENTECH - Notice of Rights Entitlement ZEN TECH INTERNATIONAL BERHAD
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,616,864,884 NEW ORDINARY SHARES IN ZEN TECH INTERNATIONAL BERHAD (FORMERLY KNOWN AS INIX TECHNOLOGIES HOLDINGS BERHAD) ("ZTIB") ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 9 JANUARY 2023 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.015 PER RIGHTS SHARE, TOGETHER WITH UP TO 1,077,909,922 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
Kindly be advised of the following :
1) The Right commence of trading : 10 Jan 2023 2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : 11 Jan 2023 3) The last day and time for Acceptance, Renunciation and Payment : 26 Jan 2023 4) The Rights cessation quotation : 17 Jan 2023
The Stock Short Name, Number and ISIN Code ZENTECH-OR, 0094OR and MYQ0094OR004
Remarks :
The last date and time for acceptance of and payment for the Rights Shares as well as the last date and time for excess Rights Shares application and payment are as stated above.
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,616,864,884 NEW ORDINARY SHARES IN ZEN TECH INTERNATIONAL BERHAD (FORMERLY KNOWN AS INIX TECHNOLOGIES HOLDINGS BERHAD) ("ZTIB") ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 9 JANUARY 2023 AT AN ISSUE PRICE OF RM0.015 PER RIGHTS SHARE, TOGETHER WITH UP TO 1,077,909,922 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
=============== Massive fund raising by directors via shares issuance to RI Shareholders need to take out more money to contribute to fund raising
=============== 1) The Right commence of trading : 10 Jan 2023 2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : 11 Jan 2023 3) The last day and time for Acceptance, Renunciation and Payment : 26 Jan 2023 4) The Rights cessation quotation : 17 Jan 2023
=============== Upon completion of RI, NOSH will exceed 2 BILLION shares = 2,425,297,326 New Warrant (max scenario) = 1,077,909,922
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,616,864,884 NEW ORDINARY SHARES IN ZEN TECH INTERNATIONAL BERHAD (FORMERLY KNOWN AS INIX TECHNOLOGIES HOLDINGS BERHAD) ("ZTIB") ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 9 JANUARY 2023 AT AN ISSUE PRICE OF RM0.015 PER RIGHTS SHARE, TOGETHER WITH UP TO 1,077,909,922 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 03 Feb 2023
Acceptance and Payment 26 Jan 2023 05:00 PM Excess share application and payment 26 Jan 2023 05:00 PM Available/Listing Date 13 Feb 2023
Ratio (New : Existing) 2.0000 : 1.0000 Rights Issue / Offer Price Malaysian Ringgit (MYR) 0.0150
1,616,864,884 rights issue shares to be listed on 13 Feb 2023
NOSH = 2,425,297,326 upon listing of above shares New warrant = 1,077,909,922 (maximum scenario)
============= Operators pushed and sold at high price since Ex-date in January
============= Rights issue price = RM0.015 per rights share Wait for listing date to see if retailer shareholders able to make quick profit from the rights shares
ZENTECH rights shares listed today 13 Mar 2023 ZENTECH price has dropped from high of 7.5sen to 2.5sen Will it drop further below the rights issue price of 1.5sen ???
Directors collected more than RM24million from the rights issue exercise Easy and convenient way of getting money from shareholders
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue as well as continue with shares issuance to PP & ESOS in near future.
Loss making high NOSH penny stock If bought and hold at 4.5sen, the risk is directors might announce shares consolidation in near future Eventually, price also drop til rights issue price.......more drop expected
On behalf of ZTIB, TA Securities wishes to announce that the Rights Issue has been completed with the listing of 1,616,864,884 Rights Shares and 1,077,909,475 Warrants on the ACE Market of Bursa Securities on 13 February 2023.
This announcement is dated 13 February 2023.
=============== Directors collected 1,616,864,884 X 0.015 = RM24.25 million from the rights issue subscribers
Subscribers who are still holding to the rights shares might be left out to dry with the share price hovering below rights issue price for long time.
Take note of the high NOSH of multi BILLION shares and BILLION warrants
Directors have power to raise more fund via shares issuance to PP, ESOS, etc Directors also have power to do share consolidation when NOSH gets higher, in near future
ZEN TECH INTERNATIONAL BERHAD (FORMERLY KNOWN AS INIX TECHNOLOGIES HOLDINGS BERHAD)
Take profit if there is profit Don't be greedy and stuck at cheap price but yet losing money
NOSH = 2,425,297,326 WB= 1,077,909,475
On behalf of ZTIB, TA Securities wishes to announce that the Rights Issue has been completed with the listing of 1,616,864,884 Rights Shares and 1,077,909,475 Warrants on the ACE Market of Bursa Securities on 13 February 2023.
============= Operators and subscribers of rights share @ 0.015 very likely disposing their massive shareholdings and warrants to lock in the profits around this price
Wow... 3 sen already... Go go go follow topglove...2 days of green candle already... If Monday also green,that means 3 white soldier bullish candlestick pattern ha ha...
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....
Siang9282
286 posts
Posted by Siang9282 > 2023-01-09 14:45 | Report Abuse
https://www.nst.com.my/business/2023/01/867893/csh-alliance-advances-ev-space