Brother sporeguy, you mean this announcement ...



9652 SAAG SAAG CONSOLIDATED (M) BHD
Proposals

SAAG CONSOLIDATED (M) BHD ("SAAG" or "the Company")
(i) Proposed renounceable two (2) call rights issue of up to 5,200,549,005 new
ordinary shares of RM0.10 each in SAAG (Rights Share(s)) on the basis of five
(5) Rights Shares for every two (2) existing ordinary shares of RM0.10 each
held in SAAG (SAAG Share(s)) together with up to 1,040,109,801 free detachable
warrants (Warrant(s)) on the basis of one (1) Warrant for every five (5) Rights
Shares subscribed (Proposed Rights Issue);
(ii) Proposed issuance of up to such amount of United States Dollar (USD) (not
exceeding the Differential Intended Gross Proceeds as defined below) nominal
value five (5)-year unsecured guaranteed exchangeable bonds by SAAG (L) Limited
(SAAGL), a wholly-owned subsidiary of the Company (Exchangeable Bonds) which
are exchangeable into new SAAG Shares (Proposed Exchangeable Bonds); and / or
(iii) Proposed issuance of up to such amount of Ringgit Malaysia (RM) (not
exceeding the Differential Intended Gross Proceeds) nominal value of five
(5)-year irredeemable convertible preference shares of RM0.10 each in SAAG
(ICPS) which are convertible into new SAAG Shares (Proposed ICPS Issue);
(iv) Proposed establishment of an Employees Share Option Scheme (ESOS) of up to
fifteen per centum (15%) of the issued and paid-up share capital of SAAG at
anytime for the Directors (including Non-Executive Directors) of SAAG and
eligible employees of SAAG and its subsidiaries (SAAG Group or Group) (Proposed
ESOS or Scheme); and
(v) Proposed amendments to the Memorandum and Articles of Association of SAAG
(Memorandum and Articles) (Proposed Amendments);

(collectively, referred to as the Proposals).
You are advised to read the full contents of the announcement or attachment at
http://www.bursamalaysia.com.


03/09/2010 06:48 PM



Anybody care to comment on the above announcement please!!


Cheers to all.

Have they quoted or stated the rights price yet??....nothing I had found so far.

Well said brother cherroy, SC will never approve the right issue below RM0.10 ....I think the only solution for them is to start jacking up the quoted stock price now.


Cheers brother cherroy.

Some good news for SAAG share holders.


SAAG to obtain RM20m equity credit line from GEM Global


Wednesday, 15 September 2010 15:14






Now that SAAG got more fund working capital, perhaps the SAAG price wi rise further from it's now quotes at 0.007 cents.....perhaps rise to 10cents.



Cheers to all.