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PRIVATE PLACEMENT OF UP TO 173,877,057 ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES") REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED MERIDIAN SHARES (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")
this mean some major shareholders don't have money to buy the private placement share so sell they sell their stake. If the price keep below RM0.28, I think the PP will void or maybe thy adjust the PP price lower again to like RM0.18 or below then. This counter is value less...