More fund raising, more shares issuance for private placement by directors
COMPUGATES HOLDINGS BERHAD ("CHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 4 January 2022, resolved to approve the listing and quotation for up to 763,940,372 Placement Shares to be issued pursuant to the Proposed Private Placement.
Let's GoooooThe proposed PP was passed with 53 votes (1,616,247,188 units - 99.8202%) against 12 (2,910,707 units - 0.1798%) among 65 voters with a total of 1,619,157,895 share units.
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 20% of the total number of issued shares of Compugates Holdings Berhad No. of shares issued under this corporate proposal 763,940,372 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0090 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 4,583,642,235 Issued Share Capital ($$) Malaysian Ringgit (MYR) 81,429,473.550 Listing Date 23 Mar 2022
================ Frequent fund raising by directors via shares issuance to PP and ESOS More dilution to equity % and EPS NOSH = 4,583,642,235 will hit 5 BILLION shares in near future Making losses in most of last 13 years
=============== Possible for directors to propose shares consolidation to trim down the NOSH like other loss making penny stocks like pauskgb, kanger, pdz, lambo, etc
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 20% of the total number of issued shares of Compugates Holdings Berhad No. of shares issued under this corporate proposal 763,940,372 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0090 Latest issued share capital after the above corporate proposal in the following Units 4,583,642,235 Listing Date 23 Mar 2022
================ Particulars of substantial Securities Holder Name CURATE HOLDINGS SDN. BHD. 1 22 Mar 2022 763,940,372 Others Direct Interest Subscription of shares under Private Placement Direct (units) 1,006,487,872 Direct (%) 21.958 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 1,006,487,872 Date of notice 23 Mar 2022
------------------------------- Particulars of substantial Securities Holder Name MISS SOO YI XIN 1 22 Mar 2022 763,940,372 Others Indirect Interest Name of registered holder CIMSEC Nominees (Tempatan) Sdn. Bhd. CIMB for Curate Holdings Sdn. Bhd. (PB) Subscription of shares under Private Placement Direct (units) 200,000 Direct (%) 0.004 Indirect/deemed interest (units) 1,006,487,872 Indirect/deemed interest (%) 21.958 Total no of securities after change 1,006,687,872 Date of notice 23 Mar 2022
================= Massive fund raising via shares issuance to PP (taken up by a single investor) Further dilution of shareholder equity % and EPS NOSH = 4,583,642,235 inching towards 5 BILLION shares Loss making in most of last 20 years
================== A number of loss making high NOSH penny stocks had done shares consolidation and rights issue with free warrants to raise more fund. See pasukgb, pdz, lambo, sanichi, kanger, etc
whistlebower99Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
25/03/2022 10:38 AM
Let's GoooooContinue to monitor the number of whistlebower99's hair the number of whistlebower99's sugar daddy the plan of whistlebower99 in becoming the best sugar baby for stock market overlords
VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS This announcement is dated 8 April 2022.
================= Another loss making high NOSH penny stock going shares consolidation and fund raising rights issue exercise.
Some stocks that had consolidated are pasukgb, pdz, lambo, trive, kanger, sanichi, pworth, etc
Those in the process are Ages, Mtronic, Digistar and Vsolar
=================== Be careful trading loss making penny stocks that has huge NOSH (BILLION SHARES)
Best and safest to avoid penny stocks with multi-billion issued shares. Directors have power to propose shares consolidation and raise more fund via rights issue with free warrants
Latest penny stocks to propose shares consolidation are FAST & YONGTAI while AGES, MTRONIC & DIGISTA had just completed the exercise or on-going.
Other high NOSH penny stocks that had undergone shares consolidation include pasukgb, pdz, kanger, lambo, sanichi, mtouche, netx, mlab, trive.......etc
Be aware of the risk of trading penny stock with high NOSH multi BILLION issued shares or multi-year losses with directors frequently raising fund via shares issuance to RI, PP and ESOS.
Directors have power to propose shares consolidation and rights issue with free warrants to continue with fund raising exercise
Another quarter of losses Making up 25 quarter of losses in a row
Profit/(loss) attributable to ordinary equity holders of the parent -1,207,000
============= Multi year loss making company Directors continue to receive remuneration and payment
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
LKL and IMPIANA are the latest high NOSH penny stock to join the list of share consolidation stocks. https://www.klsescreener.com/v2/announcements/view/3567035
================ Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
==================== TAYOR, set realistic target
23/06/2022 9:32 AM
BenhobenhoWhat exactly is this company doing, year in year out, making losses. Are they really doing anything or just scam biz
06/07/2022 8:25 PM
BenhobenhoNowadays in this modern digital age, scamming is big biz especially in malaysia. One can make instant money running into hundreds or even millions of ringgit if one is smart n cunning enough n also must choose the right target.
COMPUGATES HOLDINGS BERHAD ("CHB" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT On behalf of the Board of Directors of CHB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a proposed private placement of up to 20% of the total number of issued shares of CHB to third party investor(s) to be identified later at an issue price to be determined and announced later ("Proposed Private Placement").
For the avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act, 2016 but that the Proposed Private Placement is subject to, amongst others, the specific approval to be approved by the shareholders of CHB in an Extraordinary General Meeting of CHB to be convened.
Further details of the Proposed Private Placement are set out in the attachment enclosed.
This announcement is dated 6 October 2022. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3297575
============ Directors still busy with fund raising visa shares issuance to PP, ESOS Current NOSH = 4,583,642,235 will exceed 5 BILLION shares upon completion
============ Be careful holding high NOSH loss making penny stock, many of which had shares consolidation and followed by fund raising via rights issue
Changes in Director's Interest (Section 219 of CA 2016) Particulars of Director Name MADAM SEE THOO CHAN 1 24/11/2022 60,783,100 Disposed Direct Interest Consideration (if any) 0.015 Disposal of shares through open market transaction
Total no of securities after change Direct (units) 339,547,840 Direct (%) 7.408 Indirect/deemed interest (units) 509,289,013 Indirect/deemed interest (%) 11.111 Date of notice 25/11/2022
=============== Take note of disposal transaction by director
On behalf of the Board, UOBKH wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 22 November 2022 ("Approval Letter"), resolved to approve the listing and quotation for up to 916,728,447 Placement Shares to be issued pursuant to the Proposed Private Placement.
EDUSPEC = 3,046,287,361 (in progress of share consolidation and rights issue)
VSOLAR = 4,834,933,699 (in progress of share consolidation and rights issue)
ZENTECH = 2,425,297,326 (completed share consolidation and still above 2 BILLION shares)
================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue and thereafter continue with massive shares issuance to PP & ESOS in near future.
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE:- I. PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF COMPUGATES HOLDINGS BERHAD ("CHB" OR THE "COMPANY") AND ITS SUBSIDIARIES ("CHB GROUP" OR THE "GROUP") TO INCLUDE PROPERTY DEVELOPMENT BUSINESS ("PROPOSED DIVERSIFICATION INTO PROPERTY DEVELOPMENT"); AND II. PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF THE GROUP TO INCLUDE AGARWOOD PLANTATION BUSINESS ("PROPOSED DIVERSIFICATION INTO AGARWOOD PLANTATION") (COLLECTIVELY REFERRED TO AS THE "PROPOSED DIVERSIFICATIONS")
================ Multi year loss making penny stock High NOSH = 5,500,370,682
Directors proposing new business venture, need more money for new business Directors likely will do fund raising via share issuance Possibility of directors to do share consolidation is high
=============== Monitor directors announcements
Be careful if holding the shares
16/05/2023 12:14 PM
whistlebower99Profit/(loss) attributable to ordinary equity holders of the parent -2,392,000
================== Multi quarter, multi year losses Directors only capable to increase company fund via shares issuance
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
whistlebower99FOR NEWBIES JOE is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 21 August 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
JJPTRTHIS IS SUPPOSED TO BE CASH COW OF COMPUGATE 12 YEAS AGO. TILL NOW where is 20k per kg Geharu sap? Where has the $$$ gone?
Agarwood is known as “Gaharu” by the Indonesians/ Malaysians and as Chén-xīang (沉香) in Chinese. Formation of agarwood occurs in the trunk and roots of Aquilaria trees that have been infected by a type of fungus. A dark resinous heartwood called the “Gaharu” is formed in result of the infection and is highly valued for its distinctive fragrance used for incense and perfumes. A kilogram of unprocessed “Gaharu” heartwood can fetch as much as RM 20,000 per kilogram. Distilled “Gaharu” essential oil can command up to RM 100,000 per kilogram and the price is expected to rise due to increasing international demand. Leaves of the tree is processed into Gaharu tea and is also highly sought after by the Chinese and Japanese for its many medicinal qualities. In 2004 all Aquilaria species were listed in Appendix II (potentially threatened species) by the Convention on International Trade in Endangered Species of Wild Fauna and Flora.
Compugates Marketing Sdn Bhd (“CMSB”), a wholly-owned subsidiary of the Group ventured into agriculture in year 2010 through their pilot project of Gaharu cultivation in Kuala Kangsar, Perak. 25,000 Gaharu seedlings were planted and the Gaharu plants are thriving
Assuming each tree produce 1kg of sap per qtr ($10k rgt) 25,000 TREE X 10K RGT = $250m rgt
Instead of billion dollar revenue, CON-PUGATE release 16 qtrs of continuos loses.
MACC should investigate this company 25000 trees and where the billions of revenue has gone to?
if my calculation is correct, last 10 years, should see profit of billions ya.... MACC, this is where you should dig into and find out the truth
FINTEC is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 31 Jan 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
LimitUpSad situation to those who fell into this trap... 😔 belongs to list of co that apply the same MO ..... sharks is an animal that has no compassion ... nobody gets out from this black hole
VIZIONE is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 6 March 2024.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation