UniFiber System   

UniFiber

stay calm..viable business won't go down so easily...

 

Yeah, given the unusual halt period, then such accouncement, is the company having trouble to repay debt?

Why when China creditor demand for due payment of US$22 million, only US$1 million able to pay out?  What's wrong?

Any expert pls advice.  Tks

 

I think in such situation, is better to cut loss now. Looks very bad & trading halted for 3 days.

My view only. Any expert to advice on this counter?

derekloh      ( Date: 28-Jul-2010 18:30) Posted: Has Falcon Capital deal to take 53% of unifibre shares confirm or looking good? My view is that such company with these debt issue a attractive company for pumping in these much of money? Or otherwise it is such a company with these cheap share price that Falcon want to venture into their kind of business as their cheapest platform!! Undervalued at these price could be only reason even with all their existing debt, though it is my personal view.

 

Has Falcon Capital deal to take 53% of unifibre shares confirm or looking good?

My view is that such company with these debt issue a attractive company for pumping in these much of money?

Or otherwise it is such a company with these cheap share price that Falcon want to venture into their kind of business as their cheapest platform!!

Undervalued at these price could be only reason even with all their existing debt, though it is my personal view.

 

From the announcements dated today 28^th July 2010, it sounded very BAD.

Think I will cut loss & run first.

 

O$PAY$! This loan default may trigger default on UFS other existing loans covenants from other creditors, so a string of demand notes may follow suit automatically. Those who r not vested advisable to keep away even at 3c. BOSAYOR!

 

Unifiber will only stabilize and bottom out slowly and surely after price reaching < Sgd. 0.03. (short term to mid term down trend). CAVEAT EMPTOR.

derekloh      ( Date: 28-Jul-2010 09:38) Posted: I think more downsides likely; with the announcement of creditor pushing for payment!!! smartrader      ( Date: 23-Jul-2010 21:50) Posted: this counter has more upside...just buy and don't look back

 

O$PAY$! Bad news - UFS sued by China Machinery Export Corp for US$22m. But being 5c now, how much lower can it fall further? Not vested.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2AC7C52A4DA22F504825776E00029D43/$file/ANN-DemandbyCMECnTermSheet.pdf?openelement

 

I think more downsides likely; with the announcement of creditor pushing for payment!!!

smartrader      ( Date: 23-Jul-2010 21:50) Posted: this counter has more upside...just buy and don't look back

 

It is a standard in SGX,

Halt will stay for 3 days, thereafter it will be suspended. 

derekloh      ( Date: 27-Jul-2010 22:10) Posted: Have heard a bit of falcon capita; however why is it a good news? And u mean SGX rules that a halt will be a suspension if not lifted by 3 days? Pls advice n Tks tanstg      ( Date: 27-Jul-2010 16:43) Posted: If it is true, it is a good news! Today is the third day liao, so they will announce them this evening .......it is on a going mode. Tomorrow will be gone into a suspension mode if there is no lifting of halt issue.

 

Hopefully it is related to news below:-

United Fiber Systems Ltd. Announces Proposed Acquisition And Proposed Subscription Tuesday, 18 May 2010 05:27am EDT United Fiber Systems Ltd. announced that on May 14, 2010 it has entered into a binding term sheet (the Term Sheet) with Masba Holdings Inc. (the Vendor) and Falcon Capital Global Holding Limited (the Investor) in relation to: the proposed acquisition for USD65,000,000 (approximately SGD89,700,000) by the Company of PT. Kutai Chipmill (Kutai), through the acquisition from the Vendor of all the shares in Pacific Global Holding Ltd (PGHL) and Pacific Capital Holding Ltd (PCHL and together with PGHL, the Targets) (the Proposed Acquisition); and the proposed investment of SGD178,000,000 in cash by the Investor in the Company by way of subscription or procuring the subscription by its nominee, of issued and paid up ordinary shares in the capital of the Company (Shares), representing approximately 53% of the enlarged total number of Shares (the Proposed Subscription). - - - - - (repeated)

 

Have heard a bit of falcon capita; however why is it a good news?

And u mean SGX rules that a halt will be a suspension if not lifted by 3 days?

Pls advice n Tks

tanstg      ( Date: 27-Jul-2010 16:43) Posted: If it is true, it is a good news! Today is the third day liao, so they will announce them this evening .......it is on a going mode. Tomorrow will be gone into a suspension mode if there is no lifting of halt issue.   hp3000      ( Date: 27-Jul-2010 14:18) Posted: Hear news from other forum. Don't know was it true that below will be announce. Falcon Capital Global Holding will buy about 53% of United Fiber Systems for $178 million in cash, including newly issued stock. ...

 

This deal involves 3 parties --- so longer preparation.  Buy Kutai chipmill is conditional for Falcon Group to acquire the majority stake. If Kutai Chipmill is not acquired by Unifiber, the deal cannot proceed.

derekloh      ( Date: 27-Jul-2010 11:07) Posted: hi regarding your assumption, any details to share? Halt trading over 2.5 days to is quite abnormal!! smartrader      ( Date: 26-Jul-2010 21:22) Posted: announcement should be the conclusion of the deal for Capital Group to be new major shareholder.

 

This is what i meant  - reproduced the Term Sheet announced on 18 May.

 

(a) the proposed acquisition for US$65,000,000 (approximately S$89,700,000) by the

Company of PT. Kutai Chipmill ("

all the shares in Pacific Global Holding Ltd ("

("

(b) the proposed investment of S$178,000,000 in cash by the Investor in the Company

by way of subscription or procuring the subscription by its nominee, of issued and

paid up ordinary shares in the capital of the Company ("

approximately 53%

SubscriptionKutai"), through the acquisition from the Vendor ofPGHL") and Pacific Capital Holding LtdPCHL" and together with PGHL, the "Targets") (the "Proposed Acquisition"); andShares"), representing1 of the enlarged total number of Shares (the "Proposed").

 

If it is true, it is a good news!

Today is the third day liao, so they will announce them this evening .......it is on a going mode. Tomorrow will be gone into a suspension mode if there is no lifting of halt issue.

 

hp3000      ( Date: 27-Jul-2010 14:18) Posted: Hear news from other forum. Don't know was it true that below will be announce. Falcon Capital Global Holding will buy about 53% of United Fiber Systems for $178 million in cash, including newly issued stock. ... dc16888      ( Date: 27-Jul-2010 11:25) Posted: Hi, I thought unifiber is under HLeong group, is dealing with construction material?

 

Hear news from other forum. Don't know was it true that below will be announce.
Falcon Capital Global Holding will buy about 53% of United Fiber Systems for $178 million in cash, including newly issued stock. ...

dc16888      ( Date: 27-Jul-2010 11:25) Posted: Hi, I thought unifiber is under HLeong group, is dealing with construction material?

 

Hi, I thought unifiber is under HLeong group, is dealing with construction material?

 

hi regarding your assumption, any details to share?

Halt trading over 2.5 days to is quite abnormal!!

smartrader      ( Date: 26-Jul-2010 21:22) Posted: announcement should be the conclusion of the deal for Capital Group to be new major shareholder.

 

May i know which capital group. Are you refering to Capital Land?

How's is this group related to UniFiber bussiness? Btw does it sound as a postive news?

Pls advice  tks

 

announcement should be the conclusion of the deal for Capital Group to be new major shareholder.