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saw biz times yest.. this company sell sun yanzi's fashion..
wow 66 % up with top volume!! What up man??
Is it???
Thought it is a matter of accounting....should not have impact of the price right???
It has proposed to sub-divide each unissued ordinary share of par value US$0.10 to into 10 new ordinary shares of par value US$0.01. Am I right to say that the price will drop to one-tenth?
Oops.... should be small float of 100m share and not share capitalisation.
True, it went thru consolidation of 10 for 1 exercise and was previously known as North22.....
Now share capitalisation is at 100m.....rather small.
looks good... a few years ago it was about 50% higher than current price...
Next few days will be crucial in determine is this just a fade....
Demand doesn't seems to dry up as yet.
With the small float of 100m, can be easily cornered by BB. This is esp. the case where shortist thinking that this counter doesn't deserve shooting up so much ie.165% yesterday short the counter indiscrimanately.
Furthermore, probabilty of new venture on hand will push it higher...... a big MAYBE!!!!
Dr Anthony Soh is currently Chairman of Asia Growth Capital Pte Ltd, Asia Pacific Links Ltd and First Capital Growth Investments Ltd. He is also Group President / Director of Jade Tech. His professional history includes practising as a doctor ('82-'92), IT professional and investor ('93-'98), holding finance and banking positions with UOB ('99-'03), investment holding and fund mgt ('03-'07).
Why the drastic jump, almost write off this counter....
Who is Dr Soh? Is he a real doctor?
What a gain for those who are vested. Eye shattering. This Dr. Soh is like another O H. Leong. Waiting the whole day for the counter to settle down, went in a small way @.365. Hope to make some kopi money if it continues it run. Awsome.
sorry, it is sgx website.
Hi Timewatch, u can get the info from sgx forum.
zhuge_liang may i know from where all this news can be got, regarding top people buying or selling shares --thanks
both companies Ei-Nets & NeteLusion cheong up after the companies announced that Dr Soh is subscribing their shares
what sort of investment activities are coming up for both companies?
Dr Anthony Soh will subscribe for 42m new NeteLusion shares at $0.13, representing approximately 27.9% of the number of shares in issue in the enlarged issued and paid-up share capital of the Company after the issue of the Subscription Shares (being 150,422,582 shares).
The Subscriber's achievements include the acquisition of a controlling interest in Jade from SILLC Asia, LLC (a subsidiary of Citibank Group) in May 2007, after which the Subscriber introduced several new businesses, such as commodities, energy (oil) and real estate businesses, to Jade to bolster its core semi-conductor business.
The Subscriber will be a strategic investor in the Company after the completion of the Proposed Transaction. This will enable the Company to leverage on the Subscriber?s network, industry contacts, expertise and track record, particularly in fund raising and developing new businesses.
Dr Soh has also subscribed for shares in Ei-Nets.