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1041-1060 of 1305
later result out will know how much net profit :)
Goodgoing ( Date: 30-May-2024 14:44) Posted:
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Principal Terms of the Rights Cum Warrants Issue
2.1 The principal terms of the proposed Rights Cum Warrants Issue are as summarised below:
Principal Terms Description
Price Issue price of S$0.0165 per Rights Share (&ldquo Issue Price&rdquo )
Exercise price of S$0.0450 per Warrant Share (&ldquo Exercise Price&rdquo )
Discount (specifying
benchmarks and
periods)
The Issue Price represents:
(a) a discount of approximately 23.3% to the theoretical ex-rights
price (&ldquo TERP&rdquo )1 of approximately S$0.0215 per Share based
on the last traded price per Share for Shares traded on the
Catalist Board of the Singapore Exchange Securities Trading
Limited (the &ldquo SGX-ST&rdquo ) on 27 March 2024, being the last
Market Day 2 immediately preceding the date of this
1 The theoretical ex-rights price of each Share is the theoretical market price of each Share assuming the
completion of the Rights Cum Warrants Issue. For the avoidance of doubt, the theoretical ex-rights price
computation does not include the Shares to be issued pursuant to the vesting of share awards under the
Zixin Performance Share Plan as announced by the Company on 22 March 2024 and the Warrant Shares
to be issued from the exercise of the Warrants.
2 &ldquo Market Day&rdquo means a full day on which the SGX-ST was open for trading in securities.
2
announcement on which Shares were traded on the Catalist
Board of the SGX-ST (the &ldquo Last Traded Price&rdquo ) and
(b) a discount of approximately 25.0% to the volume weighted
average price of S$0.022 per Share for Shares traded on the
Catalist Board of the SGX-ST on 27 March 2024, being the
last Market Day immediately preceding the date of this
announcement on which Shares were traded on the Catalist
Board of the SGX-ST (the &ldquo VWAP&rdquo ).
The Exercise Price represents:
(a) a premium of approximately 109.3% to the TERP and
(b) a premium of approximately 104.5% to the VWAP.
Allotment Ratio One (1) Rights Share for every ten (10) existing Shares held by
Eligible Shareholders (as defined below) as at the Record Date,
fractional entitlements to be disregarded, and four (4) Warrants for
every one (1) Rights Share subscribed.
Use of Proceeds Please refer to paragraph 4 of this announcement for details on the
use of proceeds arising from the Rights Cum Warrants Issue.
Purpose of Rights
Cum Warrants Issue
Please refer to paragraph 3 of this announcement for details on the
purpose of the Rights Cum Warrants Issue.
2.1 The principal terms of the proposed Rights Cum Warrants Issue are as summarised below:
Principal Terms Description
Price Issue price of S$0.0165 per Rights Share (&ldquo Issue Price&rdquo )
Exercise price of S$0.0450 per Warrant Share (&ldquo Exercise Price&rdquo )
Discount (specifying
benchmarks and
periods)
The Issue Price represents:
(a) a discount of approximately 23.3% to the theoretical ex-rights
price (&ldquo TERP&rdquo )1 of approximately S$0.0215 per Share based
on the last traded price per Share for Shares traded on the
Catalist Board of the Singapore Exchange Securities Trading
Limited (the &ldquo SGX-ST&rdquo ) on 27 March 2024, being the last
Market Day 2 immediately preceding the date of this
1 The theoretical ex-rights price of each Share is the theoretical market price of each Share assuming the
completion of the Rights Cum Warrants Issue. For the avoidance of doubt, the theoretical ex-rights price
computation does not include the Shares to be issued pursuant to the vesting of share awards under the
Zixin Performance Share Plan as announced by the Company on 22 March 2024 and the Warrant Shares
to be issued from the exercise of the Warrants.
2 &ldquo Market Day&rdquo means a full day on which the SGX-ST was open for trading in securities.
2
announcement on which Shares were traded on the Catalist
Board of the SGX-ST (the &ldquo Last Traded Price&rdquo ) and
(b) a discount of approximately 25.0% to the volume weighted
average price of S$0.022 per Share for Shares traded on the
Catalist Board of the SGX-ST on 27 March 2024, being the
last Market Day immediately preceding the date of this
announcement on which Shares were traded on the Catalist
Board of the SGX-ST (the &ldquo VWAP&rdquo ).
The Exercise Price represents:
(a) a premium of approximately 109.3% to the TERP and
(b) a premium of approximately 104.5% to the VWAP.
Allotment Ratio One (1) Rights Share for every ten (10) existing Shares held by
Eligible Shareholders (as defined below) as at the Record Date,
fractional entitlements to be disregarded, and four (4) Warrants for
every one (1) Rights Share subscribed.
Use of Proceeds Please refer to paragraph 4 of this announcement for details on the
use of proceeds arising from the Rights Cum Warrants Issue.
Purpose of Rights
Cum Warrants Issue
Please refer to paragraph 3 of this announcement for details on the
purpose of the Rights Cum Warrants Issue.
The profit guidance is already price in, if really so good, price wouldn' t throw below 2 cent like this. Anyway, i still holding my position. I see they are doing good business, but share price keep coming down, cos sg market, this kind of counter,no activity, only way is down,
piscesmonkey ( Date: 30-May-2024 14:40) Posted:
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no lar tmr is trade right issues at around 16.5 to 17 that why. can collect now later result out then push up again :p
Goodgoing ( Date: 30-May-2024 14:37) Posted:
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LOL.....funny throw down, doesnt look good.
philip the seller :P
piscesmonkey ( Date: 30-May-2024 14:31) Posted:
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tmr trade rights issue liao
piscesmonkey ( Date: 30-May-2024 14:27) Posted:
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nice bought at 16 thank you
cleear 21 will start to move up. since china stocks today strong buying
sklong138 ( Date: 30-May-2024 12:01) Posted:
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CAREFUL DON' T SHORT
result coming later. during lunch?
sklong138 ( Date: 09-May-2024 06:56) Posted:
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Zixin Group plans rights-cum-warrants fund raising
Zixin Group Holdings, which manufactures sweet potato-based foodstuffs, plans to raise net proceeds of just over $2.1 million from a rights issue.
The rights shares will also come with additional free warrants. If the warrants are fully exercised, the company expects gross proceeds of another $26 million.
The rights shares are priced at 1.65 cents each, and 1 rights share will be offered for each ten existing shares held.
Rights subscribers will receive four warrants for each rights share taken up. The warrants come with an exercise price of 4.5 cents.
Up to a total of nearly 144.5 million new rights shares, and up to just over 577.9 million warrants will be issued.
The rights shares are priced at a discount of around 23.3% to the theoretical ex-rights price of 2.15 cents which is the last traded price of Zixin shares, on March 27.
This equity raising will not be underwritten.
With the new funding, Zixin wants to expand its processing and R& D capacity and also expand its network of suppliers, and to also fund joint ventures and partnerships.
if making profit,just issue dividen la...where got everytime raise money from shareholder.
piscesmonkey ( Date: 18-May-2024 22:50) Posted:
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If all warrants are exercised, another $26 million in gross proceeds will be raised
https://www.theedgesingapore.com/news/equity-raising/zixin-group-plans-rights-cum-warrants-fund-raising
https://www.theedgesingapore.com/news/equity-raising/zixin-group-plans-rights-cum-warrants-fund-raising
You prepare more bullet to buy up
....
piscesmonkey ( Date: 10-May-2024 09:18) Posted:
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Today can close 23 very good 😄
Goodgoing ( Date: 09-May-2024 20:50) Posted:
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Cant believe it, u r the supporter
piscesmonkey ( Date: 09-May-2024 17:40) Posted:
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SWEE, STEADY , HUAT ARH
piscesmonkey ( Date: 09-May-2024 17:40) Posted:
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Will start to slowly up until FY24 result out. Maybe already above 30 when result out
Goodgoing ( Date: 09-May-2024 17:42) Posted:
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Penny stock ,not many ppl playing now. Long time didn't see penny run.
piscesmonkey ( Date: 09-May-2024 17:22) Posted:
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