Post Reply
1-7 of 7
The Board of Directors of Jurong Technologies Industrial Corpn Ltd ("Jurtech") refers to the announcement on 23 April 2007 concerning the entry into by Jurtech of the agreement to acquire 63.935% of the issued share capital in SEB. Jurtech currently holds 36.065% of the issued share capital in SEB.
Jurtech will, in connection with the above acquisition, issue 12,147,650 new ordinary shares in itself.
The SGX-ST has on 11 July 2007 granted its in principle approval to Jurtech?s application for the listing and quotation of the above shares, subject to:
(a) Compliance with continuing listing requirements and guidelines;
(b) A valid share issue mandate being available and sufficient for the issue and allotment of the New Shares; and
(c) Submission of Notification in Rule 864(4), if applicable, upon any significant changes affecting the matter in the application.
The SGX-ST?s approval in principle is not an indication of the merits of Jurtech, its securities, the aforesaid new shares to be issued, or the proposed acquisition.
Jurtech will proceed to completion of the acquisition.
|
After 20th APR surged till now JUL (total of 54 trading sessions), there were altogether 11 sessions whereby the prices did hit 0.90SGD. This makes up about 20.4%.
Looking forward (though we know the past doesnt not necessarily represents the future but we still need sometime to look at), with the price action STILL ranging, is it correct to assume that there is about 20% chance it will hit 0.90SGD? I dont know. :p
SGD0.90 will be in hard to come by already. ..
Agree! This stock is really worth keeping for long time. It will fly soon. It is very difficult to get it below 90 cents. I collect it at 0.92. I decide to keep it. Even you don't want to sell, its dividend is also attracting.....
last report is they are overly dependent on Motorola for their sales. so if Motoroloa cut down demand then Jurong Tech will be in trouble. however if intend to hold long term now is quite the time to accumulate. but i was looking for below 90 cents and i shall patiently wait :)
At this current price, it is undervalue.. and the upside is huge, while some NO fundamental stock have sky rocketed.. this one is still finding its way up.. Once people see teh value this one will move UP like rocket....
