Post Reply
241-260 of 318
Who gets to benefit most when the price tanked? The SS who will be converting his debt into equity.
If no one subscribes, the will gobble up the excess. So in essence the company is okie actually with a last reported Cash per share of $0.022
If no one subscribes, the will gobble up the excess. So in essence the company is okie actually with a last reported Cash per share of $0.022
bernardc ( Date: 15-Jan-2025 15:24) Posted:
|
Why the price tank?? What's the rights issue for?? To repay debts?? Or what?
bernardc ( Date: 15-Jan-2025 15:15) Posted:
|
Why???
Coy doing great...
SmallSmall ( Date: 15-Jan-2025 14:28) Posted:
|
The terms of the rights issue looks stranglely similar to Advance Systems
THE PROPOSED RENOUNCEABLE RIGHTS CUM WARRANTS ISSUE ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 3 EXISTING SHARES IN THE CAPITAL OF THE COMPANY HELD BY THE ENTITLED SHAREHOLDERS AS AT A RECORD DATE TO BE DETERMINED, AND 8 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE &ldquo PROPOSED RIGHTS CUM WARRANTS ISSUE&rdquo )
Today big sell down.
THE PROPOSED RENOUNCEABLE RIGHTS CUM WARRANTS ISSUE ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 3 EXISTING SHARES IN THE CAPITAL OF THE COMPANY HELD BY THE ENTITLED SHAREHOLDERS AS AT A RECORD DATE TO BE DETERMINED, AND 8 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE &ldquo PROPOSED RIGHTS CUM WARRANTS ISSUE&rdquo )
Today big sell down.
This news only dropped one bit so not many people interested in this stock Volume low low too! Similar to The place this China stock loss their major customer also like this not much action.
Memiontec husband and wife co-founders out on bail amid CAD probe
The company&rsquo s nominating committee assesses that the pair are suitable to remain as directors
THE co-founders of water treatment company Memiontec : TWL +5.63% have been released on bail after being interviewed by the Commercial Affairs Department (CAD).
The interview was part of the CAD&rsquo s investigations into a potential offence under Section 201 of the Securities and Futures Act, which is related to the use of manipulative and deceptive devices, the company said on Monday (Aug 19).
Executive director and chief executive officer Tay Kiat Seng and managing director Soelistyo Dewi Soegiharto were arrested after attending interviews on Aug 14. They were subsequently released on bail.
Memiontec noted that Soegiharto has surrendered her passport to CAD, while Tay is allowed to travel overseas subject to prior clearance by the department.
Meanwhile, the company&rsquo s nominating committee &ndash which excludes Tay &ndash assessed that the pair are suitable to remain as directors.
It also said no immediate additional measures need to be taken currently to safeguard against internal control and other risks associated with their continued appointment.
The investigations are still ongoing and the arrests of Tay and Soegiharto may not lead to them being formally charged in court, said Memiontec.
It also pointed out that based on the information available to the committee as at Monday, the investigations are not related to the business and operations of the group.
&ldquo As such, there is unlikely to be any material adverse impact to the business and operations of the group,&rdquo said the water treatment company.
It added that the pair will provide updates when there are material developments relating to the investigations, and it will make further announcements when necessary.
The nominating committee and Memiontec&rsquo s board &ndash excluding Tay and Soegiharto &ndash will also continue to monitor the progress and further developments of the investigations, it said.
If there is any material development, the nominating committee will also reassess the pair&rsquo s continued appointment, said the company.
BT Big news....
Indeed we had been warned!
Wholehearted agreement.
Owners controlled.
Minority shareholders squeezed!
Wholehearted agreement.
Owners controlled.
Minority shareholders squeezed!
UltraBoy ( Date: 21-Dec-2022 08:58) Posted:
|
Better run fast before it' s too late. I warned early alreadly.
https://ca.movies.yahoo.com/finance/news/spite-recent-selling-insiders-still-013644925.html
What happened to this stock???
anyone can telll me?
I am panicking.. i got surprised when it drop so much
anyone can telll me?
I am panicking.. i got surprised when it drop so much
Memiontec has been " sleeping" for a long time. What happened ?
$Memiontec Hldgs(TWL.SI) Company has entered into Indonesia in 2004 and probably assist to contribute to the improve drinking water condition in the country.
https://www.statista.com/statistics/705447/households-with-improved-drinking-water-in-indonesia/
$Memiontec Hldgs(TWL.SI) The TAM in Indonesian for clean drinkable water is still very huge.
https://www.straitstimes.com/asia/se-asia/desperate-for-a-drink-indonesian-villagers-dig-up-dry-river-bed-in-drought
$Memiontec Hldgs(TWL.SI) Another investment into indonesia - executing its strategy! This new project will have a concession period of 15 years or more!
https://links.sgx.com/1.0.0/corporate-announcements/9TTCV723771O1SEV/6726699c4c3320bd4d2c6b6b413aa8777d965777a50707ade9eaf729ace46410
$Memiontec Hldgs(TWL.SI) I believe the company is starting to see the positive outcome of the effect of the 1bn fund!
https://www.bloomberg.com/news/articles/2022-10-17/indonesia-forms-1-billion-fund-to-improve-clean-water-access
$Memiontec Hldgs(TWL.SI) This is a major news in my opinion. A new project that deliver 200 litres per second.
https://links.sgx.com/1.0.0/corporate-announcements/HT3UNI0XWMT3VRI1/8d501490e90be015de0389d4ae3de264b2df38213f8648b7af9a042104c5a7d4
$Memiontec Hldgs(TWL.SI) Potential in future business. Water scarcity is true.
https://www.thejakartapost.com/indonesia/2023/01/28/indonesian-philippine-water-experts-push-for-more-sustainable-dams-amid-climate-change.html
Water is essential...now is to see how fast they can expand their biz.
$Memiontec Hldgs(TWL.SI) Business will always be required!
https://www.channelnewsasia.com/asia/indonesia-braces-prolonged-drought-clean-water-shortage-and-crop-failure-due-el-nino-3660576