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too good to be true.
even blue chips dont pay such high % yield dividends.
Once ex-dividends, share price may drop to below 15 cents.
Big Shareholders win-win : can sell shares at high price, can short - sell , + get cash from dividends.
those who bought earlier ok. but those who bought 32.5 cts very very dangerous.
The Company is in discussions with parties in relation to a proposed acquisition of business and a proposed fundraising exercise involving the Company's securities.
Further announcements will be issued by the Company in the event that there are any further material developments regarding the above subject matter.
RESPONSE TO SGX QUERY REGARDING TRADING ACTIVITY
Ocean Sky International Limited (the ?
raised by the Singapore Exchange Securities Trading Limited (?
follows:
Company?) wishes to respond to the following queriesSGX-ST?) on 27 August 2013 asQuestion 1: Are you aware of any information not previously announced concerning you
(the issuer), your subsidiaries or associated companies which, if known, might explain the
trading? If yes, the information must be announced immediately.
The Company is in discussions with parties in relation to a proposed acquisition of business and
a proposed fundraising exercise involving the Company?s securities.
Further announcements will be issued by the Company in the event that there are any further
material developments regarding the above subject matter.
In the meantime, shareholders of the Company are advised to refrain from taking any action in
respect of their shares in the Company which may be prejudicial to their interests, and to
exercise caution when dealing in the shares of the Company. In the event of any doubt,
shareholders of the Company should consult their stockbrokers, bank managers, solicitors,
accountants or other professional advisers.
Question 2: Are you aware of any other possible explanation for the trading?
Save for the above, the Company is not aware of other possible explanation for the trading.
Question 3: Can you confirm your compliance with the listing rules and, in
particular, listing rule 703?
The Company confirms that it is in compliance with the listing rules and, in particular,
listing rule 703.
By Order of the Board
Chia Yau Leong
Company Secretary
27 August
WanSiTong ( Date: 27-Aug-2013 11:37) Posted:
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We have noted, and draw to your attention, a substantial increase in the price of your shares recently. To ensure a fair, orderly and transparent market, please answer each of the following:
Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?
- If yes, the information must be announced immediately.
Question 2: Are you aware of any other possible explanation for the trading?
Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703?
Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading. Please contact Securities Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately. Thank you for your cooperation.
We have released this letter via SGXNET.
interfact ( Date: 27-Aug-2013 11:24) Posted:
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Agreed with yr view.
Huat arh
Octavia ( Date: 27-Aug-2013 11:11) Posted:
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Hesitated to get 0.275 then queue 0.30 also can't get. Until halt, no more chance.
halt just for dividend announcement is bit strange.likely hv other corporate news.
kennych ( Date: 27-Aug-2013 11:06) Posted:
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Vafirish ( Date: 27-Aug-2013 10:53) Posted:
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KepoChicken ( Date: 27-Aug-2013 10:47) Posted:
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blueberry ( Date: 27-Aug-2013 10:41) Posted:
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KepoChicken ( Date: 27-Aug-2013 10:27) Posted:
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wonder what is the news?
cld it be rto?
kennych ( Date: 27-Aug-2013 10:35) Posted:
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