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Dilution coming on monday...hahaa..acquisition ASSB TO BE SATISFIED VIA A ISSUANCE OF 318,181,819 NEW ORDINARY SHARES IN RENEUCO ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF RM0.22 PER CONSIDERATION SHARE..meanning it will rise to 1,071,542,671 shares avai in open market fm current 742k..... runnn
nmpk good news but how to be good if base shares avail increase fm 742 k to 1071k shares...the players or syndicate try to make it looks good...push a bit and run for profit...and re enter at low ...cyclic.
ohhhh okok, yea i'm just trying 2 learn like everyone else here, btw does anyone here actually knows how much power would ECRL require? 1GW? 2GW? then we can roughly calculate how much recurring income can reneuco generate from 2027 onwards, as of now i know they will get roughly 5m from ASSB's hydro plants per year
@chey i think his dilution means the price will fall, but d difference here is the shares will not be sold in open market so no dilution to price n certainly they wont sell at this price also, most likely is get all d good projects in n place out to funds in the future
Adat Sanjung was owned by Serba Dinamik previously .Karim is the director of Adat Sanjung
Reinjected to Reneuco due to suspension of Serba Dinamik , another bomb is coming to the city
Serba dinamik or karim is not a director of aday sanjung since long time ago guys…. But no matter what the 3 operational hydro plants are real and there and supplying power to sabah government…. Think we should stop associating scib or kpower with serba or karim anymore these are long gone and have plagued these 2 companies long enough
Btw the disposal of serba dinamik’s shares in adat sanjung was recorded in their 2022 AR u guys can read it there… from what i heard mustakim tried very hard to get rid all traces of serba/karim, because adat sanjung is a good asset so he does not want serba insde, mustakim bought adat sanjung from serba for 12m
When serba sold their stake it was 30% and hydro plants not complete now it is 100%……….. with hydro plants completed….. george need to focus on the specifics….. need to be fair to all information
Abdul karim is completely off from reneuco, as evident from the cutting in financing from banks to the re-approved financings and karim is no more no money no status no where to be found
