Faizal Zaud's comment on AGES. All Comments
Faizal Zaud
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Come to Papa....
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3 years · translate ·
Alfred Chin
can i knw why all stock that have icps (stockname- PA ) cannot move but have good earning??
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AZmuzik Ibrhm
Warrant issued by bank. Not under company's. If not mistaken.
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Jun Xian
nope, Icps means it can be converted to market shares, people scare it will dilute the company earnings, but it has completely written it in their QR, only 300m extra shares if icps fully convert
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Jun Xian
RENOUNCEABLE RIGHTS ISSUE OF UP TO 6,527,407,770 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") ON THE BASIS OF 13 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE IN AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD) HELD AS AT 5.00 P.M. ON WEDNESDAY, 19 FEBRUARY 2020 AT AN ISSUE PRICE OF RM0.01 PER ICPS ("RIGHTS ISSUE OF ICPS")
this is the initial announcement
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Jun Xian
13 icps used to convert into 1 mother share
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Jun Xian
So total shares to be issued under icps is around 400mil
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