HanKore Env   

Hankore onward march to 8-10cts.

Hankore's management has recently stated that they are on a high growth mode..expect M& A , more projects etc   for 2014..so funds are needed. These are not speculations but   real communicated intentions, with some expansion projects already lining up or in the works. If this is part of their high growth strategy to truly scale and   enlarge capacities in China at a fast pace and to be ranked among the likes of BEWG or BOT (see EDGE mag , last 2 issues), then funds are needed and I seriously hope their strategy works. 

starlene      ( Date: 02-Oct-2013 20:38) Posted: http://infopub.sgx.com/FileOpen/Hankore_Announcement_Increase_in_Authorised_Share_Capital_02102013.ashx?App=Announcement& FileID=258321   The proposed increase in authorised share capital is a harbinger that more shares can be issued ..maybe for pte placement,rights issues,etc..more dilution..so many more shares can be isusued and not even 10cts..maybe like Albedo ,later proposed share   consolidation or merger from 20 into 1 typical of penny stocks..probably market sense it from high 0.081 dropped back  cccx123      ( Date: 02-Oct-2013 20:25) Posted: Hopefully it is for dual listing as well.. I am kind of averse to letting management pay for acquisitions with shares because boards tend to be very liberal when buying assets with shares rather than cash. No sense of control and restraint. Only the most astute managers can win for the company with such a policy. Is David one of them? I hope so lol.

 

http://infopub.sgx.com/FileOpen/Hankore_Announcement_Increase_in_Authorised_Share_Capital_02102013.ashx?App=Announcement& FileID=258321

 

The proposed increase in authorised share capital is a harbinger that more shares can be issued ..maybe for pte placement,rights issues,etc..more dilution..so many more shares can be isusued and not even 10cts..maybe like Albedo ,later proposed share   consolidation or merger from 20 into 1 typical of penny stocks..probably market sense it from high 0.081 dropped back 

cccx123      ( Date: 02-Oct-2013 20:25) Posted: Hopefully it is for dual listing as well.. I am kind of averse to letting management pay for acquisitions with shares because boards tend to be very liberal when buying assets with shares rather than cash. No sense of control and restraint. Only the most astute managers can win for the company with such a policy. Is David one of them? I hope so lol.. leeeta      ( Date: 02-Oct-2013 20:11) Posted: and another one or two positive thing is that David can use the authorized shares as a protection measure from any change of control of ownership, plus he can also use the authorized shares to acquire companies rather than using cash..like stock for stock exchange and can actually increase the wealth of the company and also mine la...hahaha..lets see what trick David has..

 

Hopefully it is for dual listing as well.. I am kind of averse to letting management pay for acquisitions with shares because boards tend to be very liberal when buying assets with shares rather than cash. No sense of control and restraint. Only the most astute managers can win for the company with such a policy. Is David one of them? I hope so lol..

leeeta      ( Date: 02-Oct-2013 20:11) Posted: and another one or two positive thing is that David can use the authorized shares as a protection measure from any change of control of ownership, plus he can also use the authorized shares to acquire companies rather than using cash..like stock for stock exchange and can actually increase the wealth of the company and also mine la...hahaha..lets see what trick David has.. leeeta      ( Date: 02-Oct-2013 19:33) Posted: think we should not get too excited about this...there are pros and cons and this is why they have to seek approval. When they want to enlarge capital to issue shares or whatever, there must be for a good reason. Lets go to the SGM and find out why. David and team knows they are going to be grilled, so they will have to prepare themselves. Is this exercise necessary? Do they need it becoz they needed funds for a multi-billion project that will   triple, quadruple or whatever-ple the EPS of HK by the end of the day?...or they are doing it becoz its nice to. Of coz there will be dilution, but if the eps at end of the day can drive the share price to 1 dollar, will we seriously object?  Dont forget, no funds, no business. ..and the announcement stated that only IF they NEEDed the funds then they should have the means to raise it, which is not a bad thing. To me its forward thinking if the business is booming and projects are lining in like hello kitty Q, I might as well get prepared. And it many not be rights , it may be for private placements..lets see what they say. And also lets not forget the remaining USD250mio MTN is still parked collecting dust.  If at the SGM, they give half past six reasoning (ie to line up Leetas pocket), then you guys can raise hand to object and sell the shares

 

and another one or two positive thing is that David can use the authorized shares as a protection measure from any change of control of ownership, plus he can also use the authorized shares to acquire companies rather than using cash..like stock for stock exchange and can actually increase the wealth of the company and also mine la...hahaha..lets see what trick David has..

leeeta      ( Date: 02-Oct-2013 19:33) Posted: think we should not get too excited about this...there are pros and cons and this is why they have to seek approval. When they want to enlarge capital to issue shares or whatever, there must be for a good reason. Lets go to the SGM and find out why. David and team knows they are going to be grilled, so they will have to prepare themselves. Is this exercise necessary? Do they need it becoz they needed funds for a multi-billion project that will   triple, quadruple or whatever-ple the EPS of HK by the end of the day?...or they are doing it becoz its nice to. Of coz there will be dilution, but if the eps at end of the day can drive the share price to 1 dollar, will we seriously object?  Dont forget, no funds, no business. ..and the announcement stated that only IF they NEEDed the funds then they should have the means to raise it, which is not a bad thing. To me its forward thinking if the business is booming and projects are lining in like hello kitty Q, I might as well get prepared. And it many not be rights , it may be for private placements..lets see what they say. And also lets not forget the remaining USD250mio MTN is still parked collecting dust.  If at the SGM, they give half past six reasoning (ie to line up Leetas pocket), then you guys can raise hand to object and sell the shares. tipper      ( Date: 02-Oct-2013 18:49) Posted: This is ridiculous. Hugh dilution. Now going back to 2 cents

 

No need.. it was contingent on HK stock price marooning at 5cent lol. Maybe I just bring father mother brother sister uncle aunty grandmother grandfather cousin friend come eat.

leeeta      ( Date: 02-Oct-2013 19:46) Posted: and bring your tupperwares. :) leeeta      ( Date: 02-Oct-2013 19:43) Posted: SGM/AGM coming up/..ask Chen Da wei. Agree that the increase by 9bio is a bit too much but we cant argue and we cant speculate. Ask Chen Da wei at the SGm/AGm

 

and bring your tupperwares. :)

leeeta      ( Date: 02-Oct-2013 19:43) Posted: SGM/AGM coming up/..ask Chen Da wei. Agree that the increase by 9bio is a bit too much but we cant argue and we cant speculate. Ask Chen Da wei at the SGm/AGm. cccx123      ( Date: 02-Oct-2013 19:39) Posted: It is not about the par value. Nowadays par values don't matter much. It is more about the audacity of management to request for such a substantial increase in registered share capital. We already have almost 5 billion issues shares. Adding another 9 billion just doesn't cut it. The transfer of 140 million shares by total summit which made this entity cease to be a substantial shareholder still hasn't been resolved. We have yet to receive an explanation from the company regarding this married deal.

 

SGM/AGM coming up/..ask Chen Da wei. Agree that the increase by 9bio is a bit too much but we cant argue and we cant speculate. Ask Chen Da wei at the SGm/AGm.

cccx123      ( Date: 02-Oct-2013 19:39) Posted: It is not about the par value. Nowadays par values don't matter much. It is more about the audacity of management to request for such a substantial increase in registered share capital. We already have almost 5 billion issues shares. Adding another 9 billion just doesn't cut it. The transfer of 140 million shares by total summit which made this entity cease to be a substantial shareholder still hasn't been resolved. We have yet to receive an explanation from the company regarding this married deal. tipper      ( Date: 02-Oct-2013 18:49) Posted: This is ridiculous. Hugh dilution. Now going back to 2 cents

 

It is not about the par value. Nowadays par values don't matter much. It is more about the audacity of management to request for such a substantial increase in registered share capital. We already have almost 5 billion issues shares. Adding another 9 billion just doesn't cut it.

The transfer of 140 million shares by total summit which made this entity cease to be a substantial shareholder still hasn't been resolved. We have yet to receive an explanation from the company regarding this married deal.

tipper      ( Date: 02-Oct-2013 18:49) Posted: This is ridiculous. Hugh dilution. Now going back to 2 cents? cccx123      ( Date: 02-Oct-2013 18:30) Posted: Management getting addicted to issuing new shares. I have not forgotten what happened to ipco when it was trading in dollars instead of cents and shareholders kept giving management the mandate to issue new shares

 

ST traders can run if it breaks 7.2...chart is still bullish engulfing..signal says buy if breaks 8 but resistance is there at 8.3cts and 8.5cts.. If   break all these then swee swee to 10cts. Today's trading suggest good support at 7.5cts.

wendel      ( Date: 02-Oct-2013 18:53) Posted: Looked at the chart...expect it to continue bear run. tipper      ( Date: 02-Oct-2013 18:49) Posted: This is ridiculous. Hugh dilution. Now going back to 2 cents

 

think we should not get too excited about this...there are pros and cons and this is why they have to seek approval.

When they want to enlarge capital to issue shares or whatever, there must be for a good reason. Lets go to the SGM and find out why. David and team knows they are going to be grilled, so they will have to prepare themselves. Is this exercise necessary? Do they need it becoz they needed funds for a multi-billion project that will   triple, quadruple or whatever-ple the EPS of HK by the end of the day?...or they are doing it becoz its nice to.

Of coz there will be dilution, but if the eps at end of the day can drive the share price to 1 dollar, will we seriously object? 

Dont forget, no funds, no business. ..and the announcement stated that only IF they NEEDed the funds then they should have the means to raise it, which is not a bad thing. To me its forward thinking if the business is booming and projects are lining in like hello kitty Q, I might as well get prepared.

And it many not be rights , it may be for private placements..lets see what they say. And also lets not forget the remaining USD250mio MTN is still parked collecting dust. 

If at the SGM, they give half past six reasoning (ie to line up Leetas pocket), then you guys can raise hand to object and sell the shares.

tipper      ( Date: 02-Oct-2013 18:49) Posted: This is ridiculous. Hugh dilution. Now going back to 2 cents? cccx123      ( Date: 02-Oct-2013 18:30) Posted: Management getting addicted to issuing new shares. I have not forgotten what happened to ipco when it was trading in dollars instead of cents and shareholders kept giving management the mandate to issue new shares

 

Looked at the chart...expect it to continue bear run.

tipper      ( Date: 02-Oct-2013 18:49) Posted: This is ridiculous. Hugh dilution. Now going back to 2 cents? cccx123      ( Date: 02-Oct-2013 18:30) Posted: Management getting addicted to issuing new shares. I have not forgotten what happened to ipco when it was trading in dollars instead of cents and shareholders kept giving management the mandate to issue new shares

 

This is ridiculous. Hugh dilution. Now going back to 2 cents?

cccx123      ( Date: 02-Oct-2013 18:30) Posted: Management getting addicted to issuing new shares. I have not forgotten what happened to ipco when it was trading in dollars instead of cents and shareholders kept giving management the mandate to issue new shares. cccx123      ( Date: 02-Oct-2013 18:21) Posted: If you see a hand in the air when the motion to increase the share capital is raised, likelihood is that it might be me rejecting it. Will explain later..

 

Management getting addicted to issuing new shares. I have not forgotten what happened to ipco when it was trading in dollars instead of cents and shareholders kept giving management the mandate to issue new shares.

cccx123      ( Date: 02-Oct-2013 18:21) Posted: If you see a hand in the air when the motion to increase the share capital is raised, likelihood is that it might be me rejecting it. Will explain later..

 

TP?

toonng      ( Date: 02-Oct-2013 18:13) Posted: Hold tight to my Hankore's shares. Hankore's fundamental is good! Right business at the right time in China.

 

If you see a hand in the air when the motion to increase the share capital is raised, likelihood is that it might be me rejecting it. Will explain later..

 

Hold tight to my Hankore's shares. Hankore's fundamental is good! Right business at the right time in China.

 

guys ,masters,this bad or good ?

wxp8838      ( Date: 02-Oct-2013 17:59) Posted: HANKORE ENVIRONMENT TECH GROUP LIMITED  (Incorporated in Bermuda)  (Company Registration No. 34074)  PROPOSED INCREASE OF THE AUTHORISED SHARE CAPITAL OF THE COMPANY  1. INTRODUCTION  The board of directors of Hankore Environment Tech Group Limited (the â??Companyâ??) wishes to  announce that the Company is proposing to increase the authorised share capital of the  Company.  2. THE PROPOSED INCREASE OF THE AUTHORISED SHARE CAPITAL OF THE  COMPANY  The Directors propose to increase the authorised share capital of the Company from the  existing HK$600,000,000 to HK$1,500,000,000 with a par value of HK$0.10 each by the  creation of an additional 9,000,000,000 ordinary shares in the capital of the Company  (â??Sharesâ??), to cater to any future issue of Shares or convertible securities as and when it  arises. Any issue of Shares or convertible securities would be subject to any prevailing  regulations and the Listing Manual, and where necessary, approval of the shareholders of the  Company (â??Shareholdersâ??) would be sought in a general meeting. 3. APPROVALS  The proposed increase in the authorised share capital of the Company is subject to, inter alia,  approval from the Singapore Exchange Securities Trading Limited and the Shareholders at  the special general meeting to be convened.  4. DESPATCH OF CIRCULAR  A circular containing, inter alia, further information on the proposed increase of authorised share  capital of the Company will be despatched to Shareholders in due course.  Meanwhile, shareholders and potential investors of the Company are advised to  exercise caution when dealing in the Companyâ??s securities. When in doubt,  shareholders and potential investors are advised to seek independent advice from their  bankers, stockbrokers, solicitors or other professional advisers.  BY ORDER OF THE BOARD  Chen Dawei, David  Executive Chairman  2 October 2013

 

 

hahaha..rolling at 76-77...sweet.

 

ok la, nextime dont make hasty decisions liao. U know what price  i am aiming at, right? But it still looks very strong  in the 7cents range.