Sports fashion retailer VGO Corporation, formerly known as eWorld of Sports, is proposing a renounceable non-underwritten rights issue of up to 64,158,924 new shares at 3.1 cents each, on the basis of one rights share for every six ordinary shares held.
Ifs fully subscribed, the estimated net proceeds from the rights issue after deducting expenses is about $1,888,927.
VGO Corp. intends to use the proceeds for funding of the general working capital.
{jcomments on}
Novena Holdings says it plans to hold a renounceable non-underwritten rights issue of up to 111,228,0771 warrants at an issue price of 3 cents each.
Shareholders will be entitled to subscribe one warrant for every four shares held and each warrant carries the right to subscribe for one new share at 22 cents each.
Hafary Holdings, a local supplier of tiles with almost 30 years of history, has launched its initial public offering of 32.5 million new shares at 20 cents each, in line with its proposed listing on the Catalist today.
The IPO of 32.5 million new shares represents 20% of Hafary’s enlarged share capital of 162.5 million shares. At 20 cents per share, the placement is priced at a historical price earnings ratio of 7.4 times, based on the group’s net earnings per share of 2.7 cents for FY2009 (year ended 30 June 2009) and pre-placement share capital of 130 million shares.
A recent survey of 316 members of the Independent Oracle Users Group paints a troubling picture of database security. As it turns out, respondents this year have taken a number of steps back when it comes to protecting sensitive data, even as a higher percentage reported experiencing data breaches. The key issues failure to manage privileged access, a lack of encryption and an over-reliance on manual or ad hoc approaches to database security.
Overall, the level of security has slipped when compared with last years survey. Whether its due to not enough being spent on security or policy enforcement, the survey shows IT professionals have their work cut out for them.
– …
Among the devices HP introduced on Sept. 15 is the ProBook 5310m, an addition to the growing thin-and-light category thats said to be the thinnest full-performance, standard voltage notebook on the market. Though its also available with an Intel ultra-low voltage processor.
– On Sept. 15, Hewlett-Packard introduced more than a dozen new devices for both consumers and the enterprise. Theyre machines ready to compete in a difficult economy and PC market, and among them was the HP ProBook 5310m.
The 5310m is a thin-and-light number that HP calls the worlds thinnest
f…
Today the Senate voted narrowly to reject a provision that would have allowed people to carry concealed weapons from state to state, a major defeat for the gun lobby. Here at Party Time we’ve long noted that a number of lawmakers like to fundr…
Australia’s Foreign Minister Stephen Smith said on Tuesday he will raise China’s detention of an Australian Rio Tinto mining executive for spying with his Chinese counterpart at a regional security meeting in Thailand. Smith said he hoped to meet China’s Foreign Minister Yang Jiechi at this
WASHINGTON — The final installment of a three-part increase in the federal minimum wage is proving to be the most controversial.
Two previous wage hikes, one in 2007, the other in 2008, pushed the federal wage to $5.85 and then to the curren…
Late King of Pop Michael Jackson’s grieving sister Janet has offered to raise the superstar’s kids, who she loves like her own.
Pop star Janet, 43, has apparently forged a close bond with the three youngsters since their father died of an apparent cardiac arrest on June 25.
According to family sources, Prince Michael, 12, Paris, 11, [...]
California could see a nearly $1.4 billion per year increase in state revenues were it to legalize marijuana, the state Board of Equalization says in an analysis of pending legislation to to do that.
