Latest Posts By pharoah88
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| 24-Apr-2010 13:09 |
Ying Li Intl
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Ying Li
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this is a gOOd bitE when YiNG Li returns
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| 24-Apr-2010 13:07 |
Ying Li Intl
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Ying Li
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I WiSH this WiLL cOme TRUE. THANK yOu fOr yOur recOmmendatiOn
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| 24-Apr-2010 13:05 |
Ying Li Intl
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Ying Li
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SO CLEVER I WiLL fOllOw yOu
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| 24-Apr-2010 13:02 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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| 24-Apr-2010 12:37 |
BakerTech W121116
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BAKER TECH * YANGZiJIANG 15% PPL*
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WOW WOW WOW Baker Tech ACCEPTS Offer
SINGAPORE
In a filing on Friday, Baker said that it has received a binding letter of offer from Yangzijiang to buy the entire and paid up share capital of PPLH for US$155 million ($208 million).
Payment for the acquisition will be made in cash after the completion of the sale and purchase of the Sale Shares, the announcement said.
One condition of the agreement is an escrow agreement that requires the purchaser to deposit the Total Sum with an escrow agent.
*EXTREMELY SMART GOVERNANCE*
The sale of the shares is still subject to the approval of shareholders at an extraordinary general meeting to be convened. |
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| 24-Apr-2010 12:36 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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WOW WOW WOW Baker Tech ACCEPTS Offer
SINGAPORE
In a filing on Friday, Baker said that it has received a binding letter of offer from Yangzijiang to buy the entire and paid up share capital of PPLH for US$155 million ($208 million).
Payment for the acquisition will be made in cash after the completion of the sale and purchase of the Sale Shares, the announcement said.
One condition of the agreement is an escrow agreement that requires the purchaser to deposit the Total Sum with an escrow agent.
*EXTREMELY SMART GOVERNANCE*
The sale of the shares is still subject to the approval of shareholders at an extraordinary general meeting to be convened. |
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| 24-Apr-2010 12:34 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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THANK YOU VERY MUCH for KIND SHARING GOOD KARMA
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| 24-Apr-2010 12:31 |
Baker Technology
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It's time to rebound ????
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WOW WOW WOW Baker Tech ACCEPTS Offer SINGAPORE In a filing on Friday, Baker said that it has received a binding letter of offer from Yangzijiang to buy the entire and paid up share capital of PPLH for US$155 million ($208 million). Payment for the acquisition will be made in cash after the completion of the sale and purchase of the Sale Shares, the announcement said. One condition of the agreement is an escrow agreement that requires the purchaser to deposit the Total Sum with an escrow agent. *EXTREMELY SMART GOVERNANCE* The sale of the shares is still subject to the approval of shareholders at an extraordinary general meeting to be convened. — Mainboardlisted Baker Technology said it has accepted Yangzijiang Shipbuilding’s offer to purchase Singapore- based PPL Holdings.Millet Enriquez |
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| 23-Apr-2010 17:17 |
Baker Technology
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It's time to rebound ????
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Friday: 23 APRIL 2010 HALTED ONE FULL DAY |
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| 23-Apr-2010 17:16 |
BakerTech W121116
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BAKER TECH * YANGZiJIANG 15% PPL*
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Friday: 23 APRIL 2010 HALTED ONE FULL DAY |
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| 23-Apr-2010 17:14 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Friday: 23 APRIL 2010 CLOSING S$1.43 -S$0.050 HALTED in the afternoon. An UNeventful day Generally, a prOfit Taking day across the board |
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| 23-Apr-2010 17:11 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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if BAKER TECH passed ALL RESOLUTIONS including SELLING PPL to YANGZIJIANG, that is gOOd news. YANGZIJIANG can expand into new business sector for additional growth. But i cannot open the Notice of AGM AGENDA at Baker Tech website.
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| 23-Apr-2010 15:56 |
Baker Technology
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It's time to rebound ????
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nOtice of AGM AGENDA at BAKER TECH IR webside cannot be open. May be they have placed RESTRICTION on this document during the suspension so that nobody can read it.
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| 23-Apr-2010 15:49 |
BMM
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Acid Test
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Friday: 23 APRIL 2010 3:49pm S$0.325 -S$0.040 |
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| 23-Apr-2010 15:07 |
YZJ Shipbldg SGD
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Cruising with the ship ..Yangzijiang
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Should be gOOd news at YANGZIJIAN ! BAKER TECHNOLOGY LIMITED (Unique Entity Number 198100637D) (Incorporated in the Republic of Singapore) RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 22 APRIL 2010 Pursuant to Rule 704(14) of the SGX Securities Trading Listing Manual, the Board of Directors of Baker Technology Limited ("the Company") wishes to inform that at the Annual General Meeting (“AGM”) of the Company held today, all resolutions relating to the matters as set out in the Notice of AGM dated 29 March 2010 were duly approved and passed by the shareholders of the Company. By Order of the Board Aw Seok Chin Company Secretary |
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| 23-Apr-2010 14:54 |
COSCO SHP SG
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CoscoCorp
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tOday, COSCO is infested by 1 lot SNAKES. |
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| 23-Apr-2010 14:40 |
Genting Sing
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GenSp starts to move up again
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DEEP DEEP CHANNEL FOREVER DOWN ?
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| 23-Apr-2010 14:33 |
Baker Technology
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It's time to rebound ????
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BAKER TECHNOLOGY LIMITED (Company Registration No. 198100637D) (Incorporated in the Republic of Singapore) OFFER FROM YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD. TO PURCHASE THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF PPL HOLDINGS PTE LTD 1. Introduction The Board of Directors of Baker Technology Limited (the “ announce that it had on 16 April 2010, received, “ 16 April 2010 pursuant to which the Purchaser has made an offer (the “ purchase from the Company all the issued and paid-up shares in the capital of PPL Holdings Pte Ltd (“ The Purchaser is a public company with its issued ordinary shares listed and quoted on the Mainboard of the Singapore Exchange Securities Trading Limited (the “ PPLH, a wholly-owned subsidiary of the Company, is a private limited company incorporated in the Republic of Singapore. It is an investment holding company and it holds an aggregate direct and indirect 15% shareholding stake in PPL Shipyard Pte Ltd (“ construction of offshore drilling rigs from shallow water to deep water. Company”) wishes tointer alia, a binding letter of offer (theLetter of Offer”) from Yangzijiang Shipbuilding (Holdings) Ltd. (the “Purchaser”) datedOffer”) toPPLH”) on the terms and conditions as set out therein.SGX-ST”).PPL Shipyard”). PPL Shipyard is principally engaged in the business of design and2. Key Terms of the Offer 2.1 Consideration Pursuant to the Letter of Offer, the Purchaser has made a binding offer to purchase an aggregate of 20,000,000 issued and paid-up ordinary shares in the capital of PPLH (the “ consideration of US$155,000,000 (the “ The Consideration shall be payable to the Company in cash on completion of the sale and purchase of the Sale Shares (the “ announcement. Sale Shares”), representing the entire issued and paid-up share capital of PPLH, for aConsideration”).Completion”), subject to Section 2.6 of this2.2 Rights attached to the Sale Shares Subject to the Company accepting the Offer and to the terms and conditions contained in the Letter of Offer, the Purchaser shall purchase from the Company and the Company shall sell to the Purchaser all and not part only of the Sale Shares free from all claims, liens, restrictions, charges, pledges, mortgages, trusts, equities and other encumbrances, and with all rights as of 16 April 2010 or thereafter attaching thereto at the Consideration save and except for a dividend of S$4,690,000 to be declared and paid by PPLH to the Company prior to Completion, of which S$3,090,000 shall be paid in cash and the balance S$1,600,000 to be mutually off-set against a sum of S$1,600,000 owing by the Company to PPLH. 2.3 Condition Precedent The obligations of the parties to complete the sale and purchase of the Sale Shares shall be subject to approval being obtained from the shareholders of the Company to sell the Sale Shares, such approval to be obtained at an extraordinary general meeting of the Company (the “ If the above condition precedent is not fulfilled by 27 October 2010 or such further date as the parties may agree in writing (the “ facto for costs, damages, compensation or anything whatsoever, save as provided under Section 2.6 of this announcement. EGM”) to be convened.Long Stop Date”), the agreement shall, ipso, cease and determine and neither party shall have any claim against the other party2.4 Deadline for Acceptance of the Offer The Company has up to 4.00 p.m. on 4 May 2010 to accept the Offer in accordance with the terms and conditions of the Letter of Offer, failing which the Offer shall lapse and shall not be capable of being accepted. 2.5 Acceptance of the Offer by the Company To accept the Offer pursuant to the terms and conditions of the Letter of Offer, the Company must sign on the Form of Acceptance of Offer as set out in the Letter of Offer and, (a) the escrow agreement dated 15 April 2010 duly signed by the Purchaser, Fortus Ltd, Mediterranean Success Group Inc. and Julius Baer Family Office & Trust Ltd (the “ Agreement (b) a letter of undertaking by Saberon Investments Pte Ltd, the controlling shareholder of the Company, undertaking to the Purchaser that it will vote its shares in the Company in favour of the ordinary resolution at the EGM to be convened to approve the sale by the Company of the Sale Shares to the Purchaser; and (c) a letter of undertaking from each of Messrs Benety Chang and Anthony Sabastian Aurol, each a director of the Company, undertaking to the Purchaser that he will not voluntarily tender his resignation as executive director of PPL Shipyard during the period of two (2) years commencing from 1 January 2011, unless instructed in writing to do so by the Purchaser. inter alia, arrange for the execution of the following documents:Escrow Agent”) and to be signed by the Company (the “Escrow”);2.6 Key Terms of the Escrow Agreement Pursuant to the Escrow Agreement, the Purchaser shall: (a) pending acceptance of the Offer and Completion, deposit with the Escrow Agent the sum of US$15,500,000 (being equal to 10% of the Consideration) as earnest money to be held in escrow by the Escrow Agent pursuant to the Escrow Agreement; and (b) by a date falling not later than 26 April 2010, deposit the sum of US$155,000,000 (being 100% of the Consideration) with the Escrow Agent in place of the said sum of US$15,500,000, and if the Purchaser fails to make the deposits as stated in (b) above, the Purchaser shall pay to the Company, if the Escrow Agent has failed to do so pursuant to the terms and conditions set out in the Escrow Agreement, the earnest money of US$15,500,000 forthwith upon the acceptance of the Offer as advance payment of the Consideration. The remaining balance of the Consideration of US$139,500,000 will be paid by the Purchaser to the Company on Completion. If the condition precedent is not fulfilled by the Long Stop Date, all monies held by the Escrow Agent or paid to the Company pursuant to the above paragraph shall be returned by the Escrow Agent to the Purchaser or otherwise dealt with in accordance with the Escrow Agreement. 3. Decision by the Company in relation to the Offer The Company is considering the Offer as set out in the Letter of Offer. The Company will make further announcements to update shareholders on the Offer as and when appropriate. 4. Interest of Directors and Controlling Shareholders Our Director, Mr Tan Yang Guan holds 50,000 shares in the capital of the Purchaser as at the date hereof. Save as disclosed in this announcement, none of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the Offer (other than through their shareholding interests in the Company). 5. Documents for Inspection A copy of the Letter of Offer and the Escrow Agreement may be inspected at 36 Robinson Road, 18 for a period of three months from the date of this announcement. th Floor, City House, Singapore 068877 during normal business hours6. Trading Caution The Board would like to caution that there is no assurance that any transaction will materialise in relation to the Offer. therefore advised to exercise caution in their dealings in the Company’s shares and warrants and to seek their own financial and legal advice where appropriate By Order of the Board Baker Technology Limited Aw Seok Chin Company Secretary
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| 23-Apr-2010 14:26 |
Baker Technology
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It's time to rebound ????
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BAKER TECHNOLOGY LIMITED (Unique Entity Number 198100637D) (Incorporated in the Republic of Singapore) RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING HELD ON 22 APRIL 2010 Pursuant to Rule 704(14) of the SGX Securities Trading Listing Manual, the Board of Directors of Baker Technology Limited ("the Company") wishes to inform that at the Annual General Meeting (“AGM”) of the Company held today, all resolutions relating to the matters as set out in the Notice of AGM dated 29 March 2010 were duly approved and passed by the shareholders of the Company. By Order of the Board Aw Seok Chin Company Secretary
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| 23-Apr-2010 14:09 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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*STAY AWAY* This TRUE WISDOM had been whole-heartedly abided by nummerous SINGAPOREANS. Until the DARK FORCES PENETRATED the WORLD FINANCIAL SYSTEMS
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