/> ShareJunction - Member Posts
logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Investor Insights Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back

Latest Posts By ravikp - Member      About ravikp
First   < Newer   7501-7520 of 8265   Older>   Last  

30-Sep-2009 21:05 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		LI HENG WILL NOT BE DELIST IN SGX...LATEST NEWS...

maxcty      ( Date: 30-Sep-2009 20:31) Posted:

so Li Heng confirm delist? I still have some holdings on this counter sia..

Good Post  Bad Post 
30-Sep-2009 20:31 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		so Li Heng confirm delist? I still have some holdings on this counter sia..
Good Post  Bad Post 
30-Sep-2009 20:27 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		I think more S-chips will delist from SGX and list in SSE or Hongkong due to they are undervalue so much and are looked down.
Good Post  Bad Post 
30-Sep-2009 13:08 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		so company will buy back all this share at last price or?
Good Post  Bad Post 
30-Sep-2009 12:52 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		More China company to be delisting from sgx as they are very undervalue.The owner will buy back those especially down far far away from IPO price...
Good Post  Bad Post 
30-Sep-2009 12:43 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0
SINGAPORE COMPANIES
Delisting in the offing for Li Heng?
Lynette Khoo
425 words
30 September 2009
STBT
English
(c) 2009 Singapore Press Holdings Limited

Talk of 41 cents a share offer; trading halted pending an announcement

PLANS are afoot to take Li Heng Chemical Fibre Technologies private at 41 cents per share, pricing the company at some $690 million, say sources. The stock has been halted from trading since yesterday morning pending an announcement.

If it materialises, the offer price would be a 5.1 per cent premium over Li Heng's last traded price of 39 cents and a premium of 6 to 9 per cent over its volume weighted average prices (VWAPs) for one month, six months and 12 months.

This potential privatisation came amid news of delisting and dual listing plans by China companies listed in Singapore, or what are commonly referred to as S-chips.

Some dealers believe that Li Heng could be seeking a listing in Hong Kong.

'This is not the first and definitely not the last,' said a local dealer of the potential delisting of Li Heng. 'Quite a number of S-chip owners are not happy with the valuations they are fetching in Singapore.'

There was no news yet from Li Heng by press time yesterday. Li Heng was last trading at 10.71 times price-to-earnings (PE), versus its A-shares market listed peers Dymatic Chemicals at 26.29 times PE, Anhui Wanwei at 101.45 times PE, and Nanjing Hongbaoli Co at 33.73 times PE.

For the first half ended June 30, Li Heng fell victim to the economic crisis, registering waning sales and selling prices, which led to a 91.5 per cent slump in net profit to 48.2 million yuan.

China Precision and Sihuan Pharmaceutical have announced plans to delist and to relist on a recognised stock exchange in the future if market conditions are favourable.

Others that are seeking dual listing in Hong Kong include Z-Obee, China XLX and Midas Holdings.

Sihuan has already submitted the delisting proposal to the Singapore Exchange. Its exit offer price represents a premium of about 24.4 to 46.4 per cent over the one-month, three-month, six-month and 12-month VWAPs, while China Precision's represented a 25.79 to 68.67 per cent over its VWAPs for the same periods.

Another S-chip, Trump Dragon Distillers Holdings, also halted trading yesterday morning pending an announcement. Incidentally, both Li Heng and Trump Dragon were initial public offerings brought in by UOB-Kay Hian's A-team David Loh and Han Seng Juan.



ROI25per      ( Date: 30-Sep-2009 11:32) Posted:

why still halted? still no news yet, does not sound good.

Good Post  Bad Post 
30-Sep-2009 11:32 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		why still halted? still no news yet, does not sound good.
Good Post  Bad Post 
29-Sep-2009 10:08 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		mayb as usual dual listing, placement etc....
Good Post  Bad Post 
29-Sep-2009 08:36 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		wat d news?
Good Post  Bad Post 
28-Sep-2009 16:26 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		ah heng quite steady today
Good Post  Bad Post 
28-Sep-2009 10:30 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		getting back to 42 gain???
Good Post  Bad Post 
24-Sep-2009 14:16 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		alot bb want buy in at 0.375. SSE green le.....4pm shd see the result. I think closing shd be 0.385
Good Post  Bad Post 
23-Sep-2009 17:50 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		I doubt so after seeing its chart....last month highest was 0.420. Target price for this counter is 0.49. maybe this wk k pass thru 0.400.
Good Post  Bad Post 
23-Sep-2009 15:35 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		I personally feel this is over ... i hope i am wrong thou ... can someone please explain ...
Good Post  Bad Post 
23-Sep-2009 15:31 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		tug-a-war for toooooo long... Is this a gameover counter ? Smiley
Good Post  Bad Post 
22-Sep-2009 19:17 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		dont forget this baby.....is showing uptrend...showing resistance at 0.375. if break will go to 0.420...been holding for too long btw 0.365 - 0.370
Good Post  Bad Post 
16-Sep-2009 11:35 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		Price going up now . Is it a good price to buy now or shall I wait a while more.
Good Post  Bad Post 
15-Sep-2009 09:43 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		42 is a good target for profit

ROI25per      ( Date: 26-Aug-2009 21:50) Posted:



 

 is it eyeing 2nd listing also???

36 is not high, pre-ipo investors paid around 41.58 (Pg 82 propectus) and ipo was 80


 
Published August 26, 2009
S-chip issues - crux lies in enforcement


By LYNETTE KHOO
Email this article
Print article
Feedback


THE wide-ranging measures proposed by Singapore Exchange (SGX) last week have driven home a strong message - that the exchange views the failure of issuers and the problems plaguing them with gravity.

Measures such as imposing disclosure of pledged shares and custodising shares of controlling shareholders have plucked right at the heart of issues plaguing S-chips (China-based companies listed in Singapore). It was also comforting to hear from SGX that there is no pervasive fraud risk relating to China companies.

But the jury is still out on whether this move will restore investors' confidence and prevent some issuers from entertaining thoughts to move to other stock exchanges offering better valuations.

This week, Sihuan Pharmaceutical's parent company, China Pharmaceutical, has decided to initiate a move to take Sihuan private, citing thin trading volumes. Just a few days ago, Z-Obee Holdings said that it was looking into the possibility of a dual primary listing on the Hong Kong bourse, shortly after China XLX filed its application for a dual listing there.

It is unclear if these are isolated cases or part of a wider trend of some S-chips seeking greener pastures. There have been market whispers that some S-chips are contemplating such a move if their valuations continue to stay depressed.

The two S-chips eyeing dual listing have cited as reasons a desire to gain access to two different equity markets, to widen their investor base and to raise share trading liquidity.

But there is some speculation that S-chips contemplating a dual listing in both Singapore and Hong Kong could eventually pull out of one stock exchange to avoid paying two separate listing fees. Such a decision would probably hinge on how well the S-chips' shares perform in Hong Kong and how soon Singapore would catch up in the valuation race. All eyes will thus be on how handicraft and furnishing maker Passion Holdings - the first Chinese IPO here this year - will fare on its debut next week.

The latest proposed measures by SGX are a welcome move to instil market confidence. But it would be presumptuous to assume things will look up right away for the S-chips sector. There remains lingering doubts over the listing compliance of some existing issuers and the problem of enforcement. One of the proposed measures is for new listings on the mainboard to appoint governance advisers for the first two years post-listing to help companies institute a robust framework of reporting accountability, internal controls and other components of good corporate governance.

It is good to have an extra pair of eyes on new listings, which are green in the ways of a listed company. Most S-chips tend to head for the mainboard instead of Catalist, which means that future new S-chips will need to appoint governance advisers.

But on practical grounds, it does beg the question of how effective the proposed measures would be for foreign listings. If independent directors here find it hard to oversee companies whose operations are mostly offshore, what more the governance advisers?

Corporate governance concerns about S-chips have not fully blown over yet. Of about 10 cases of listed companies with irregularities since the beginning of 2008, half are Chinese listings, whose problems are still largely unresolved.

At FibreChem, external auditors Ernst & Young could not finalise an audit of its trade receivables and cash balances for the year ended Dec 31, 2008. Until now, it is unable to report its financial results for fiscal 2008 and the two quarters of this year.

China Sun has also faced an accounting mess. But the services of its chairman appeared to be indispensable as after the independent directors suspended him for failing to attend a board meeting to explain missing cash, he was reinstated three weeks later, albeit with conditions.

In the case of Oriental Century, even after police reports have been filed by its board for the massive fraud perpetuated by its chairman-cum-chief executive, the question shareholders like to ask is the outcome of the investigation and the action to be taken.

The proposed measures by SGX are laudable and would strengthen corporate governance here. But enforcement over existing S-chip issues has to be part of the equation to restore faith in this market segment.

SGX's reiteration of high baseline standards as a frontline regulator is assuring, and has been demonstrated in its proactiveness with the planned measures. Having new rules to pre-empt future problems is a good thing, but the heart of the issue is still that of enforceability.




Good Post  Bad Post 
07-Sep-2009 17:49 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0

What's happening?? Li Heng is having a correction??
Good Post  Bad Post 
05-Sep-2009 01:24 Li Heng Chem   /   Li HENG       Go to Message
x 0
x 0 		monday this counter will be a up
Good Post  Bad Post 
First   < Newer   7501-7520 of 8265   Older>   Last  



ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.