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The main reason the
AJIYA had start dropping today is because of yesterday and today announcement
of the private placement. The private placement at the peak of the price will definitely
benefit the company because they can have more share premium.
The private placing to
an unknown investor is a huge uncertainty. Investors that bought the share at
below RM 3.00 might start to take profit from it. This unknown investor will
become one of the major shareholders of the company and it might influence the
operation of the company in the future.
With the current
economy and might be worst next year, an expansion plan shall be on hold but
AJIYA is announcing for private placement for expansion.
Private placement at the peak will
benefit the company
placement to an unknown investor.
The unknown investor will become the major
The uncertainty of the world economy is
not the best time for expansion.