MBRIGHT (2097) Overview - META BRIGHT GROUP BERHAD

FOR NEWBIES

Easy way for directors to raise fund of around 80 million from shareholders by issuing more shares.

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,144,250,677 NEW ORDINARY SHARES IN EASTLAND EQUITY BHD. ("EASTLAND") ("EASTLAND SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 19 RIGHTS SHARES FOR EVERY 7 EXISTING EASTLAND SHARES HELD AS AT 5.00 P.M. ON MONDAY, 17 JANUARY 2022, TOGETHER WITH UP TO 782,908,357 FREE DETACHABLE WARRANTS IN EASTLAND ("WARRANTS") ON THE BASIS OF 13 WARRANTS FOR EVERY 19 RIGHTS SHARES SUBSCRIBED FOR AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE

Another loss making low price penny stock with multi billion issued shares in the making.

First day OR trading at lowest price of 1/2 sen could mean rights subscription might be under subscribed like many other stocks like pasukgb, pdz, ladmbo, kanger, fast, etc

Many investors getting smarter not to contribute more money to directors fund raising exercises.

Stock price could even drop below rights issue price soon.

TAYOR

2022-01-19 11:10

2022-01-19 11:39

Hew Kiong Peng George

FREE DETACHABLE WARRANTS IN EASTLAND ("WARRANTS") ON THE BASIS OF 13 WARRANTS FOR EVERY 19 RIGHTS SHARES SUBSCRIBED FOR AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE

As per abovementioned free Warrants.... any sifu can share us what is the details for the warrants... i mean the :

Maturity Date , Exercise Price, Conversion Ratio...???

2022-01-20 22:26

Half sen in 1sen run,perfect trading 100% gain

2022-01-21 06:03

ahbang94

what is wrong with this counter??? slow banget

2022-01-24 12:24

NKLpunya

Expect the new mother shares to be traded with existing mother shares at least 7 sen and the new warrants at 3 sen

2022-02-04 11:22

may i knew what is the warrant's

- Maturity Date
- Exercise Price
- Conversion Ratio...

2022-02-04 22:43

may i knew what is the details for EASTLND-WA

- Maturity Date ,
- Exercise Price,
- Conversion Ratio

2022-02-05 04:44

Posted by goodtime > Feb 5, 2022 4:44 AM | Report Abuse

may i knew what is the details for EASTLND-WA

- Maturity Date ,
- Exercise Price,
- Conversion Ratio

======================
2.5 Salient terms of the Warrants

https://www.klsescreener.com/v2/announcements/view/3489345

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=213610&name=EA_DS_ATTACHMENTS

2022-02-07 12:22

thanks

2022-02-09 09:55

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,144,250,677 NEW ORDINARY SHARES IN EASTLAND EQUITY BHD. ("EASTLAND") ("EASTLAND SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 19 RIGHTS SHARES FOR EVERY 7 EXISTING EASTLAND SHARES HELD AS AT 5.00 P.M. ON MONDAY, 17 JANUARY 2022, TOGETHER WITH UP TO 782,908,357 FREE DETACHABLE WARRANTS IN EASTLAND ("WARRANTS") ON THE BASIS OF 13 WARRANTS FOR EVERY 19 RIGHTS SHARES SUBSCRIBED FOR AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE

Ex-Date 14 Jan 2022 (COMPLETED)
Ex-date price = 0.08

Date for commencement of trading of rights 19 Jan 2022 (COMPLETED)
Date for cessation of trading of rights 26 Jan 2022 (COMPLETED)
OR price = 0.005

Acceptance and Payment 04 Feb 2022 05:00 PM (COMPLETED)
Excess share application and payment 04 Feb 2022 05:00 PM
Stock price= 0.08

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 10 Feb 2022 (COMPLETED)

========================

Next important date :

Available/Listing Date 18 Feb 2022

Ratio (New : Existing) 19.0000 : 7.0000
Rights Issue / Offer Price Malaysian Ringgit (MYR) 0.0700

==================

Final subscription result and basis of allotment of excess Rights Securities :-

Total valid acceptances 909,799,343 79.51

Total valid Excess Applications 485,207,250 42.40

Total valid acceptances and Excess Applications 1,395,006,593 121.91

Total number of Rights Shares available for subscription 1,144,250,677 100.00

Over-subscription 250,755,916 21.91

https://www.klsescreener.com/v2/announcements/view/3499191

==================
Compared to other penny stocks, subscription rate by retailers can be considered high.

2022-02-11 10:26

QUARTERLY RESULT

Profit/(loss) attributable to ordinary equity holders of the parent -335,000

================
Another losing quarter
21 consecutive losing quarter

https://www.klsescreener.com/v2/stocks/view/2097/eastland-equity-bhd

===============

2022-02-16 10:48

EASTLND - RENOUNCEABLE RIGHTS ISSUE OF 1,144,241,731 NEW ORDINARY SHARES IN THE COMPANY ("SHARE(S) OR RIGHTS SHARES") ON THE BASIS OF 19 RIGHTS SHARES FOR EVERY 7 EXISTING EASTLND SHARES HELD TOGETHER WITH 782,901,982 FREE WARRANTS 2022/2032 ("WARRANTS B") IN EASTLND ON THE BASIS OF 13 WARRANTS B FOR EVERY 19 RIGHTS SHARES SUBSCRIBED FOR AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE ("RIGHTS ISSUE WITH WARRANTS")

Kindly be advised that additional 1,144,241,731 new EASTLND Shares issued pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Friday, 18 February 2022.

Kindly also be advised that EASTLND’s 782,901,982 Warrants B issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of the Exchange and the listing and quotation of the Warrants B on the Main Market under the "Consumer Products & Services" sector, will be granted with effect from 9.00 a.m., Friday, 18 February 2022.

The Stock Number, Stock Short Name and ISIN Code of the Warrants B are "2097WB", "EASTLND-WB" and "MYL2097WB227" respectively.

=============
Good luck to rights subscribers

2022-02-17 20:52

DIRECTORS SHAREHOLDINGS AFTER COMPLETION OF RIGHTS ISSUE

1. Particulars of Director
Name DATO' LEE WAI MUN
Name of registered holder Leading Ventures Sdn. Bhd.
Subscription of Rights Issue with Warrants on the basis of 19 Rights Shares for every 7 existing Ordinary Shares held.
Indirect/deemed interest (units) 243,942,563
Indirect/deemed interest (%) 15.579
Date of notice 16/02/2022

========================
2. Particulars of Director
Name DATO' LEE WAI MUN
Name of registered holder Leading Ventures Sdn. Bhd.
Subscription of Rights Issue with Warrants on the basis of 19 Rights Shares for every 7 existing Indirect/deemed interest (units) 243,942,563
Indirect/deemed interest (%) 15.579
Date of notice 16/02/2022

========================
3. Particulars of Director
Name MR LEE CHEE KIANG
Subscription of Rights Issue with Warrants on the basis of 19 Rights Shares for every 7 existing Ordinary Shares held.
Direct (units) 93,736,800
Direct (%) 5.986
Date of notice 16/02/2022

=========================

2022-02-18 12:24

FOR NEWBIES

Proposed company name META BRIGHT GROUP BERHAD

The Proposed Change of Name, if approved by the shareholders, will take effect from the date of issuance of the Notice of Registration of New Name by the CCM to the Company.

This announcement is dated 17 March 2022.

https://www.klsescreener.com/v2/announcements/view/3519787
================
Loss making penny stock with multi-year losses
Recently completed RI with free warrants
Just hope the name change can also change it fortune, from annual losses to annual profits

2022-03-18 09:38

TCH1186

goreng2

2022-05-06 02:09

FOR NEWBIES

IMPIANA is the latest high NOSH penny stock to join the list of share consolidation stocks.
https://www.klsescreener.com/v2/announcements/view/3561755

2022 - IMPIANA, YONGTAI, VSOLAR, FAST, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

====================
TAYOR, set realistic target

2022-06-08 15:56

FOR NEWBIES

EASTLAND EQUITY BHD. ("EASTLAND" OR "COMPANY") (I) PROPOSED ACQUISITION; (II) PROPOSED CAPITAL REDUCTION; AND (III) PROPOSED DIVERSIFICATION

(i) FBO Land (Setapak) Sdn. Bhd. ("FBO Land”), a wholly-owned subsidiary of Eastland, had on 18 March 2022 entered into a conditional sale and purchase agreement (“CSPA”) with Eastland, Top Land Resources Sdn. Bhd. (“Top Land” or the “Developer”), Mentiga Development & Construction Sdn Bhd (“Mentiga” or the “Proprietor”) and Leading Ventures Sdn. Bhd. (“LV”), to acquire 92 commercial units comprising the ground and first floor within 46 stratified 2-storey shop/offices within Bandar Tun Razak Business Park, 26400 Bandar Tun Abduk Razak Jengka, Maran, Pahang Darul Makmur (“Properties”), for a total purchase consideration of RM24,800,000 (“Purchase Consideration”) which will be satisfied via the issuance of 381,538,461 new ordinary shares in Eastland (“Eastland Shares” or “Shares”) (“Consideration Shares”) at an issue price of RM0.065 each (“Issue Price”), subject to the terms and conditions of the CSPA (“Proposed Acquisition”);

https://www.klsescreener.com/v2/announcements/view/3521027

================
This announcement is dated 14 June 2022.
On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 14 June 2022, resolved to approve the listing and quotation of 381,538,461 Consideration Shares to be issued pursuant to the Proposed Acquisition, subject to the following conditions:-

https://www.klsescreener.com/v2/announcements/view/3564867

==================
Massive share issuance coming very soon with the issuance of 381,538,461 shares for the proposed acquisition

Dilution of shareholders equity % and EPS
NOSH = 1,565,807,770 will increase toward 2 BILLION shares
WB = 782,901,982

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

====================
TAYOR, set realistic target

2022-06-15 09:59

Accordingly, the name of the Company had been changed from "EASTLAND EQUITY BHD." to "META BRIGHT GROUP BERHAD" with effect from 18 July 2022.

========
Will the change of name also change the fortune of the company from bad 7 years losses to good 7 years profits?

2022-07-26 15:11

FOR NEWBIES

MERIDIAN is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
Announcement dated 2 August 2022

===================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

List of penny stocks with shares consolidation:-

2022 - LKL, IMPIANA, YONGTAI, VSOLAR, FAST, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX,

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

====================
TAYOR, set realistic target

2022-08-02 10:53

FOR NEWBIES

Meta Bright Group Berhad formerly known as Eastland Equity Berhad

Types of corporate proposal Acquisitions
Issuance of 381,538,461 new ordinary shares in Meta Bright Group Berhad pursuant to the acquisition of 92 commercial units comprising the ground and first floor within 46 stratified 2-storey shop/offices within Bandar Tun Razak Business Park, 26400 Bandar Tun Abdul Razak Jengka, Maran, Pahang Darul Makmur, for a total purchase consideration of RM24,800,000

No. of shares issued under this corporate proposal 381,538,461
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0650
Latest issued share capital after the above corporate proposal in the following Units 1,947,346,231
Listing Date 09 Aug 2022

==================
Another massive shares issuance for asset acquisition after the rights issue in Jan 2022
Massive dilution to shareholders equity % and EPS

NOSH = 1,947,346,231
WB = 782,901,982, Maturity 2032-02-13, Strike value 0.0850

Be careful trading high NOSH low price penny stocks, many of which had undergone shares consolidation causing huge losses to retail investors

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

====================
TAYOR, set realistic target

2022-08-09 09:11

Any good news for this company?

2022-11-29 15:28

??????????

2022-11-30 08:15

The Stock is slowly climbing. Lets go

2022-11-30 10:00

ANY TARGET PRICE ?

2022-12-08 07:19

lousy

2022-12-15 01:45

D197btg

bye bye, tq for the dinner

2023-01-13 11:31

FOR NEWBIES

Directors continue to raise fund via share issuance to PP, ESOS after massive rights issue in Jan 2022

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,144,250,677 NEW ORDINARY SHARES IN EASTLAND EQUITY BHD. ("EASTLAND") ("EASTLAND SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 19 RIGHTS SHARES FOR EVERY 7 EXISTING EASTLAND SHARES HELD AS AT 5.00 P.M. ON MONDAY, 17 JANUARY 2022, TOGETHER WITH UP TO 782,908,357 FREE DETACHABLE WARRANTS IN EASTLAND ("WARRANTS") ON THE BASIS OF 13 WARRANTS FOR EVERY 19 RIGHTS SHARES SUBSCRIBED FOR AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE
Ex-Date 14 Jan 2022

=================
Shares issuance of 389,469,246 new ordinary shares in Meta Bright Group Berhad (formerly known as Eastland Equity Bhd.) ("MBGB"), representing 20.0% of the total number of issued share capital of MBGB.
No. of shares issued under this corporate proposal 389,469,246
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1125
Latest issued share capital after the above corporate proposal in the following Units 2,336,815,477
Issued Share Capital ($$) Malaysian Ringgit (MYR) 183,839,667.600
Listing Date 09 Feb 2023

=================
NOSH = 2,336,815,477
WB = 782,901,982
Maturity 2032-02-13
Strike value 0.0850

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

https://www.klsescreener.com/v2/stocks/view/2097/meta-bright-group-berhad

================
TAYOR, set realistic target

2023-02-10 08:57

slowly climb :)

2023-03-01 16:54

lousy

2023-03-05 06:03

damansaraeagle

TOO SLOW

2023-03-07 10:08

damansaraeagle

BUT CLIMBING

2023-03-07 10:08

lousy

2023-03-18 09:08

YOU ARE ABSOLUTELY LOUSY ....SOLAR COUNTER KEEP GOING UP ....BUT U ARE STILL SLEEPING ..

2023-07-06 23:44

lousy lousy

2023-08-31 20:17

worst stock. DO NOT ENTER

2023-09-07 16:37

babayaga67

its a shakeout. Relax

2023-09-08 16:54

babayaga67

slowly climb the ladder

2 months ago

lousy stock

2 months ago

Superb99

Agreed, good result is only for operator to dump

2 months ago

Superb99

Longkang counter

2 months ago

HOLLAND COUNTER

2 months ago

drop drop ....faster drop

1 month ago