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| 1234567 Senior |
Posted: 30-Oct-2007 16:39 |
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don't miss the ride !!!
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From CNA forum ..........Fuyu target for takeover ?
not an inducement for trade......
The board of directors (the "
Electronics
been informed by Mr. Lee Ah Bah @ Lee Beng Hoe, a director and controlling shareholder of the
Company (?
with Mr. Ma Ong Kee (?
(?
Mr. Lee Ah Bah agreed to grant to (i) Mr. Ma Ong Kee a call option over, and Mr. Ma Ong Kee
agreed to grant to Mr. Lee Ah Bah a put option over, 32,554,335 ordinary shares (?
the capital of the Company, representing approximately 46.97% of the issued share capital of the
Company, at a cash consideration of S$0.30 per Share; and (ii) Mr. Bobby Lim a call option over,
and Mr. Bobby Lim agreed to grant to Mr. Lee Ah Bah a put option over, 10,851,445 Shares in
the capital of the Company, representing approximately 15.66% of the issued share capital of the
Company, at a cash consideration of S$0.30 per Share.
Hi-P seem to be doing the same type of business.
The different is Hi-P is bigger and more stable.
I am happy to switch from this counter to HI-P
because I won't want to throw in more money in Fu Yu.
Too risky.
New exposure of $32.5m claimed by DBS was not disclosed in last Fri initial announcement.
News released at 6pm today, so expect price to fall back to 15c or maybe lower tomorrow.
what a fall from yesterday stock darling to bankruptcy...
sad singapore story
As expected, FUYU facing bankruptcy petition by 5 bankers (DBS, SCB, Citibank etc). Monday price may drop below 20c.
http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/931e47db6c202618482573720037fbaa?OpenDocument