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Shareholders can opt not to subscribe the rights issue. Fintec Exec Director will undertake the minimum subscriptions of 187mil shares to raise a minimum of RM15mil and the balance to be funded using internal fund or other options. This business diversifaication will contribute about 25% of the earnings to Fintec and to grow a more sustainable revenue and earnings base. Last 4 qtrs of strong performance and current extreme low PE shall be able to mitigate all concerns on the share price.
I will buy more on dip and ride the strong fundamental and cheap valuation of this stock as i believe the long-term prospect and value returns. Good luck.