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- Among those in the stable that have undertaken such exercises are ATS, Vsolar, and Fintec Global, taking advantage of Bursa Malaysia’s relaxation of rules for private placements, with the limit raised to 20% of issued share capital from 10% previously, and allowing a 30% quantum for placements if shareholders approve such an exercise. Meanwhile, Vsolar’s share capital ballooned by 587% to 2.82 billion shares as at March 15, after it undertook two private placements, a rights issue, and several share issuance schemes to its employees between July 2020 and January this year.
My message to all minority shareholders: Why lose your hard-earned money in this company hoping? Sell and look elsewhere before your shares get diluted by share consolidation. We all know how hard it is to move on, but we have to. Don't give in to hopeless endeavors holding onto it because when share consolidation happens, I can guarantee you that you'll lose all your money. Instead, look elsewhere.
Share Issuance Scheme: It allows the employees of the company to buy the shares at the specified price.
In this case, the manipulators are using it to flood the market which is how the share float ballooned to billions of shares. Meanwhile, investors like you and others were conned by their "grand proposal" of executing so-called projects... Where are the projects after the money is raised in 2020 and 2021?
Company with losing yearly QR and AR can afford to pay so much money to employees to subscribe to the shares offered? Think twice. Sell before share consolidations dilute all of your holdings into zero.
