KUALA LUMPUR, March 5 (Bernama) --
Vivocom Intl Holdings Berhad (“Vivocom” or "Company") CEO Dato' Seri Chia Kok Teong has voluntarily issued a press release statement to allay its shareholders to of any concerns or negativity caused by markets rumours surrounding the Company which may have created some nervousness and hence placed some selling pressure on the shares of Vivocom in recent days.
Dato' Seri Chia wishes to set the record straight that he remains superbly upbeat about the prospects of the Company and he wishes to assure investors of the long term potential of their investments in Vivocom.
The Company has recently made a spate of corporate announcements and press releases which should provide or instil more confidence to the public in the foreseeable future of Vivocom as these are value enhancing corporate moves as Dato' Seri Chia charts the course forward for the Group with his Board and management team. Bonus Warrant 1:3
Amongst these corporate announcements made are the 1:3 Bonus Warrant Issuance which would:-
i. Reward existing shareholders for their loyal support without incurring any costs;
ii. Allow shareholders to benefit from potential capital appreciation from their Warrants; and
iii. Strengthen the capital base of the Company with the proceeds from the exercise of Warrants.
The bonus warrants actually reflects the Board’s rising confidence in the Group’s robust and exponential growth prospects in the foreseeable future, making rewarding its shareholders with exceptional returns a top priority. Game Changer Sand Deal
Last week Vivocom also announced it had secured a lucrative sand contract worth RM3.79B that could potentially soar to RM6B. This is a massive win and represented a Game Changer for the Group as it would contribute significantly to earnings for the next few years.
“The exportation of the sand shall commence by the end of March, once all administrative issues pertaining to the contract are finalised. This sand contract is as real and genuine a business contract as it can be. Do not compare this to past deals which had failed to materialise.”
“The market for sand export is extremely humongous and will fuel the Group’s rapid growth for the next several years. The RM3.79 billion Win is the first of many more to come,” Dato' Seri assured. Private Placement of New Shares Comes With Moratorium Imposed
The Company had also announced a private placement exercise of 10% of its share capital potentially raising funds of up to RM100M. The funds are primarily earmarked to funds the working capital requirements of its new business segment – sand mining which is expected to grow at an exponential rate going forward.
The private placement comes in three different tranches with a minimum of 6 months, 8 months and 10 months moratorium imposed.
“I have received many calls from high net-worth individuals and institutions that have expressed a keen interest to subscribe to the private placements. I have explained to them my Self- Imposed Moratorium (SIM) of 3 years, and would also require the places to undertake a minimum of 6 months moratorium,” Dato' Seri Chia elaborated.
“There is no point if they just subscribe to the shares at a 6 % to 10% discount and dispose of the shares in the market immediately, no value added.” My SIM and Long-Term Loyal Shareholders
“Vivocom has over twenty thousand shareholders. This enormous and loyal retail following is the major reason for our tremendous liquidity and momentum giving our share price added impetus,” Dato' Seri asserts.
“I have undertaken a voluntary self–imposed moratorium (or SIM) in that I will not dispose my personal stakes in Vivocom for the next 3 years. This will ensure the company’s long-term price stability and sustainability.”
“We want Vivocom’s share performance to be equally exciting and rallying sharply. To ensure our share price keep on rising at a healthy and rapid rate as that would be the best way to reward the Company’s shareholders and create wealth and prosperity for all in the long term,” Dato' Seri added.
“This is why Vivocom’s share is so strong and resilient with splendid liquidity. High liquidity implies lower risk of being stuck without the ability to liquidate. It demonstrates investors ability to invest in our shares with sheer confidence.” Dato' Seri Chia asserted. Not A Pump & Dump Share
“We are aware of the legacy issues associated with our Group, and the misconception that we are a pump-and-dump counter. I would like to dispel such a notion conclusively as the shares are now on a steady, steadfast and stable path.”
“Our shares volume transacted showed there is enormous interests and followings in the Company’s shares which are simply pure market forces driving in tremendous liquidity and momentum. I am so proud of that,” Dato' Seri assured. Main Board Upgrade and Dividends Paying
“As a priority, I give my personal undertaking that we will also work towards getting Vivocom elevated to the Main Board of Bursa Malaysia and be a dividends-paying company soonest possible. I am determined to leave behind an enduring legacy for all our valued shareholders.”
“I also wish to point out that there will be more news to be announced in the near future including M&A market moving moves and more sand contract deals, all values enhancing corporate deals. Truth will trounce falsehoods and eventually triumph,” Dato' Seri Chia concluded. SOURCE : Vivocom Intl Holdings Berhad
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