Saw this article posted on theEdgeDaily.com
SC rejects DVM's placement
10 Aug 2006 8:37 PM
The Securities Commission (SC) has rejected DVM Technology Bhd's proposed placement of up to 35.2 million new shares of 10 sen each, representing up to 20% of its current paid-up capital
==> the SC rejected the exercise as "the SC is of the view that the proposed placement does not represent an adequate/comprehensive long-term solution to increase the company's operational profitability and liquidity".
Good job SC!!!
past blog postings on DVM:
DVM
DVM: Part II
DVM: Part III
Thursday, August 10, 2006
DVM: Part IV
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