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Auston International has unveiled plans to transform itself from an education service provider into a group involved in mobile, web and media-related businesses. As part of its forays into new business opportunities in the region, it plans to raise about $16.4m through a renounceable rights-cum-warrants issue. It will also dispose of its education service unit.
Auston intends to use the expected $16.4m to fund regional expansion of a company, Broadband Network Systems Ltd, that it plans to acquire, for investment in mobile, web and media-related businesses; and for working capital.
Under its proposed one-for-one rights issue, each rights share will be issued at $0.04 a share. The issue will come with free, detachable three-year warrants on the basis of one warrant for two rights shares. Each warrant carries the right to subscribe for one new share at an exercise price of $0.05. The warrants, if fully exercised, are expected to bring estimated gross proceeds of $10.6m, which the company intends to use as general capital. Upon completion of the rights-cum-warrants issue, Auston plans to acquire a stake of no less than 96.86% in Hong Kong-based BNS, which provides Internet Protocol TV-based content and technology solutions for broadband service providers and enterprises.
Another education sector~~
Awaiting any news on this one.
Hi guys, any news on this counter it was up 50%. Please reply.
Need help in this~~~ Any comments.
Jialat man
Anyone know wat happen to the RTO by Amaru Holding which suppose to be completed.????
Bird says "Chirp Chirp"
Ho Say Liao
Any other RTO info to share ? Auston has probably found a new lease of life .....
Technically, this one also battered till such low levels .....
Reversing upwards ..... creeping back to it's high .....
Closed a high of 40 cts on 24/7/07 .....
Attempted to touch a high of of 43 cts on 18/7/07 .....
"New generation Armarda"
A new cheong king is born
Today PineAgritech leads the way
Cheers
Some kateks gonna get burnt again.
The interesting thing about this kind of counter is that selling has very much dried up over a period of time. So when there is an attempt to short it without sufficient sell queues to match the short covering ..... it will be spiked up ferociously .....
Isn't that what's happening to Unionmet yesterday?
The interesting thing about this kind of counter is that selling has very much dried up over a period of time. So when there is an attempt to short it with enough sufficient sell queues to match the short covering ..... it will be spiked up ferociously .....
Isn't that what's happening to Unionmet yesterday?
Another runaway breakout ?
The technicals for this seems similar to Unionmet's yesterday performance .....
All the best to possibly another new super cheong king.
Vested.
Read at the latest announcement~