Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Let me explain what is private placement (PP) in simple.
1. AT needs money to expand business (build factory and buy Pearl Glove business), so they raise fund by doing private placement.
2. AT issue new shares (private placement) and sell to investors through closed market (not you and me).
3. Private placement can be good or bad. If company do private placement (sell new shares) to raise fund to expand business then is good news. Because it adds value to the company.
4. If company do private placement to raise fund to pay debts then is bad news.
5. Now AT announce its private placement is completed means no more new shares coming into market, good for everyone. And the purpose of its private placement is to build more production lines for gloves and buy Pearl gloves by this week.
Conclusion: AT already raised enough money earlier than expected to build production lines and buy Pearl gloves Sdn Bhd by 12th November 2020. It’s green light for AT to fly up.
Take note: The cut-off date for AT to buy over Pearl Glove Sdn Bhd is on 12th November 2020 (Thursday), tomorrow is last day to collect.
Hold tight ! BUY more ! I emphasize again this stock will limit Up tremendously ! EPF and other Big boys keep Collecting huge lots of gloves shares Today !