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Zhonggou Jilong Any Update

Hi hmm3101, hmm your nick like very "close" to "someone". Anyway, if you are vested in this counter and have been following the announcements posted in sgx, you should had found out that there are a lots of "negative reports" on this counter the latest being a substantial shareholder selling her shares from 0.24% to 0%. Speculations and irrational sentiments aside, this counter can only open "higher" if 1) There is a takeover in process, 2) The new board that "replaced" those of the many that had resigned proved to be a capable and resourceful lot, 3) Some people just keep buying 1000 lots & 1000 lots to "support" the pricing. I can't think of anymore logical & rational reasons for this counter to go higher except for the above-mentioned. Maybe you have some more ideas to share?

 

Dear Hmm3101,

Once the price opens at Sgd. 0.22, would that be fine then?

 

Any kind soul out there knows what is happening to this counter? Halting for too long. Very uneasy cos I am vested...