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Comments
Lee WX replied to comment on CAPITALA.
2 days
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Capital A shareholder (if entitled) only will get AAX ordinary shares, not AAX warrants.
Waiting feels like forever. Before AAX new share allotment, need to settle the private placement first. The question is why still not news on the private placement?
Hopefully this is because all the big bosses are still on year end holidays. If placees is really the sovereign wealth fund from middle east, I think Tony will arrange a press conference to annouce it if can together with the placees. My wild guess only. Happy new year!
Hopefully this is because all the big bosses are still on year end holidays. If placees is really the sovereign wealth fund from middle east, I think Tony will arrange a press conference to annouce it if can together with the placees. My wild guess only. Happy new year!
If they can submit application to bursa for PN17 uplift by this year already very good. Year end holiday mood, let them do what ever they can. We enjoy our holiday. 冬至快乐。
if happen early is bonus, else regularisation plan for capital A can not complete by this year.
By 30 Dec AAX new shares allotment and issuance.
By 23 Dec price fix for AAX private placement. 5-day VWAP window after AAX warrant ex date, 17 Dec.
High court has confirmed the capital reduction today. I use Gemini to check again the timeline. The timeline given was early than i expect.
So no point for guessing, i will wait for annoucement.
So no point for guessing, i will wait for annoucement.
Confirm can not get before 17 Dec because 17 Dec is the ex date for existing AAX shareholders to get the free AAX warrants.
Here are the items to completed before the distribution.
Capital A
Capital reduction - expected to completed by next week.
AAX
Price fix for private placement.
Receive money from private placement.
i expect to be completed by next week as well.
So hopefully distribution date can fix by end of next week.
Here are the items to completed before the distribution.
Capital A
Capital reduction - expected to completed by next week.
AAX
Price fix for private placement.
Receive money from private placement.
i expect to be completed by next week as well.
So hopefully distribution date can fix by end of next week.
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