You must be familiar to Old Town if you are Malaysian. This the cafe where the people have gathering and dining. A lot of investor is watching the business that coffee selling are going to listed the Malaysia public listed board.
News:
Private placement of 33,000,000 new ordinary
shares of RM1.00 each in Oldtown Berhad (Oldtown) (Placement Shares),
representing 10% of existing issued and paid-up share capital of Old town
(Private Placement)
No. of shares issued under this corporate proposal: 33,000,000
Issue price per share ($$) : MYR 1.950
Now market price is 2.30+- mean offer 35c for 33,000,000 shares .
The above offer sure have a condition what is the condition ? hope some one who know can tell. may be the condition is this shares cannot be sell one the market during some period , the shares price promise to hold at certain price.
my analysis from the chart another 5 trading days will meet TC of high ,I had also set the target of high just wait to see it happen
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