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CGB plans to raise between RM79.3 million and RM83.3 million through a private placement of up to 10% of its shares. The funds will mainly be used to support its ongoing construction projects and day-to-day working capital needs
Steady lah, this CGB dip is just a small speed bump before the real recovery starts. Long-term potential still solid one, just hold tight and wait for the steady climb.
CGB really got solid growth potential, so better start converting your holdings to secure more ownership now. It is a great chance to bet on their long-term success while the price is still worth grabbing.
Central Global Berhad look very steady leh, especially with those warrants converted to mother shares showing strong confidence from the big players. This is definitely a solid sign that better things are coming for the stock price soon.
Boss keep buying up shares shows he really confident about the future potential of CGB. Now just wait patiently for the price to climb back to 0.900 soon.