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1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : ESOS
Details of corporate proposal : Exercise of ESOS
No. of shares issued under this corporate proposal : 40,000,000
Issue price per share ($$) : 0.0600
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 593,563,506
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 109,147,413.200
Listing Date : 02/06/2020
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
From what i see. when esos involve, there is a possibility for a good news.. if your outstanding shares is considerably small and the pricing is not that high, esos is a way to increase your holding percentage. So far no news yet to follow. Haha, need to wait and see
Holding percentage in the company equity..when they do this, it'll increase your percentage in the company equity without forcing others to sell..when they subscribe at 0.06, they are buying below premium. After few month they will sell it higher. The company can earn alot. Usually everytime.