I am searching to see when hai-o is gonna announce the entitlement date for the bonus issue and share split. many of us are thinking once announced, it might be interesting to see how the share price will perform. over the last 1 week plus, it has since yet another round of RM0.5 swing...not too much considering its current price. Yesterday the technical analysis trainer say he uses chart to buy stock and uses news (fundamental) to confirm the the logics behind. i think probably on hai-o i can do the reverse to see what is the reason of this sort of swing. the RM2 swing lately recently still hasn't been answered.
anyhow, here is the lastest news on 12 january.
Board proposes to increase the authorised share capital of the Company from RM100,000,000 comprising 200,000,000 ordinary shares of RM0.50 each in Hai-O to RM250,000,000 comprising 500,000,000 ordinary shares of RM0.50 each in Hai-O (after the Proposed Share Split) (“Proposed Increase in Authorised Share Capital”) to cater to the Proposed Bonus Issue and Proposed Private Placement and for future increases in the Company’s issued and paid-up share capital.
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