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1621-1640 of 10484
Quarterly window dressing going on today and tomorrow possibly.
Trade with care, folks.
The 1 lot 1 lot sell/buy is more likely to make someone lose on their comms.
Eg. I used UOBKH to queue 100 lots out. then this bugger come to buy 1 lot from me. Whole trading day only that 1 lot done. My loss on comms is $25. And depends on my counter price I sold, sometimes I might even need to cough out money to pay for the sales.
I got into such a situation before. I was selling one counter at 10c and the buy only bought 1 lot. I ended up making a loss of $15.
Bopanha ( Date: 27-Mar-2013 12:01) Posted:
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MIDAS HOLDINGS LIMITED
(Company Registration No.: 200009758W)
(Incorporated in Singapore with limited liability)
(Hong Kong Stock Code: 1021)
(Singapore Stock Code: 5EN)
NOTICE OF ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of Midas Holdings Limited (the “Company”) will be held at
VIP A, Level 4, Raffles City Convention Centre, 80 Bras Basah Road, Singapore 189560 on Tuesday, 30 April 2013 at 10:00 a.m.
to transact the following business:
AS ORDINARY BUSINESS
1. To receive and adopt the Directors’ Report and the Audited Financial Statements of the Company for the financial year ended
31 December 2012 together with the Auditors’ Report thereon. [Resolution 1]
2. To declare a Final Dividend of 0.25 Singapore cents per ordinary share for the financial year ended 31 December 2012
(2011: 0.5 Singapore cents). [Resolution 2]
3. To approve the Directors’ fees of S$150,000 for the financial year ended 31 December 2012 (2011: S$157,000).
[Resolution 3]
4. To re-elect the following Directors retiring pursuant to the Company’s Articles of Association:–
(i) Mr. Chew Hwa Kwang, Patrick (Article 91) [Resolution 4]
(ii) Mr. Chan Soo Sen (Article 91) [Resolution 5]
5. To re-appoint Messrs. Mazars LLP, as the Company’s Auditors and to authorise the Directors to fix their remuneration.
[Resolution 6]
6. To transact any other ordinary business which may properly be transacted at an Annual General Meeting.
AS SPECIAL BUSINESS
To consider and, if thought fit, to pass the following Ordinary Resolutions with or without any modifications:–
7. Authority to allot and issue shares up to 20% of the total number of issued shares
“THAT pursuant to Section 161 of the Companies Act, Cap. 50 and subject to Rule 806 of the Listing Manual of the Singapore
Exchange Securities Trading Limited (the “SGX-ST”) and Rule 13.36(2) of the Rules Governing the Listing of Securities of The
Stock Exchange of Hong Kong Limited (the “SEHK”), authority be and is hereby given to the Directors of the Company to issue
shares or convertible securities in the capital of the Company (whether by way of rights, bonus or otherwise) or to grant any
offers, agreements or options which would or might require securities to be issued, allotted or disposed of at any time and upon
such terms and conditions and for such purposes and to such persons as the Directors may in their absolute discretion deem
fit provided that:–
i. the aggregate number of shares and convertible securities to be issued pursuant to this Resolution does not exceed 20 per
cent (20%) of the total number of issued shares excluding treasury shares in the capital of the Company (as calculated in
accordance with sub-paragraph (ii) below)
ii. (subject to such manner of calculation as may be prescribed by the SGX-ST and the SEHK), for the purpose of determining
the aggregate number of shares that may be issued under sub-paragraph (i) above, the total number of issued shares
excluding treasury shares shall be based on the total number of issued shares excluding treasury shares in the capital of
the Company at the time this Resolution is passed, after adjusting for:–
a. new shares arising from the conversion or exercise of any convertible securities
b. new shares arising from exercising share options or vesting of share awards which are outstanding or subsisting at the
time this Resolution is passed and
c. any subsequent consolidation or subdivision of shares
iii. in exercising the authority conferred by this Resolution, the Company shall comply with the provisions of the Listing Manual
of the SGX-ST and SEHK as amended from time to time being in force (unless such compliance has been waived by the
SGX-ST and the SEHK) and the Articles of Association for the time being of the Company and
iv. unless revoked or varied by the Company in a general meeting, the authority conferred by this Resolution shall continue in
force until the conclusion of the next Annual General Meeting of the Company or the date by which the next Annual General
Meeting of the Company is required by law to be held, whichever is the earlier.” [Resolution 7]
[See Explanatory Note]
BY ORDER OF THE BOARD
MIDAS HOLDINGS LIMITED
Tan Cheng Siew
Company Secretary
Singapore,
27 March 2013
CLOSURE OF REGISTERS OF MEMBERS
NOTICE IS HEREBY GIVEN that the share transfer books and register of members of the Company will be closed on 20 May 2013
on which day no share transfer will be effected.
Duly completed registrable transfers received by the Company’s share registrar in Singapore, Intertrust Singapore Corporate Services
Pte. Ltd., 3 Anson Road, #27-01 Springleaf Tower, Singapore 079909 up to the close of business at 5:00 p.m. on 16 May 2013 will
be registered to determine Singapore shareholders’ entitlements to the final dividend.
In respect of ordinary shares in securities accounts with The Central Depository (Pte) Limited (“CDP”), the final dividend will be paid
by the bank to CDP which will, in turn, distribute the dividend to holders of the securities accounts.
Duly completed registrable transfers accompanied with the relevant share certificates received by the Company’s share registrar in
Hong Kong, Boardroom Share Registrars (HK) Limited, at 12th Floor, The Lee Gardens, 33 Hysan Avenue, Causeway Bay, Hong Kong
by no later than 4:30 p.m. on 16 May 2013 will be registered to determine Hong Kong shareholders’ entitlements to the final dividend.
Payment of the dividend, if approved by the members at the Annual General Meeting to be held on 30 April 2013, will be made on
4 June 2013.
Notes:
1. A member is entitled to appoint a proxy to attend and vote in his place. A proxy need not be a member of the Company. Members
wishing to vote by proxy at the meeting may use the proxy form enclosed. The completed proxy form must be lodged at the
registered office of the Company at 4 Shenton Way, #18-03 SGX Centre 2, Singapore 068807 (for Singapore shareholders), or
at the Hong Kong share registrar of the Company, Boardroom Share Registrars (HK) Limited, at 12th Floor, The Lee Gardens,
33 Hysan Avenue, Causeway Bay, Hong Kong together with the power of attorney or other authority (if any) under which it is
signed (or a notarially certified copy thereof) (for Hong Kong shareholders), not less than 48 hours before the time appointed
for the above meeting.
2. In respect of proposed Resolutions 4 and 5, the Board of Directors, in consultation with the Nominating Committee, recommends
to members the re-election of Messrs. Chew Hwa Kwang, Patrick and Chan Soo Sen.
As at the date of this notice, each of the following Directors, save as disclosed herein, did not have any other interest in shares
of the Company within the meaning of Part XV of the Securities and Futures Ordinance in Hong Kong.
Save as disclosed herein, each of the following Directors does not hold any other position with the Company or any other member
of the Company’s group (the “Group”), nor has any directorships in other listed public companies in the last three years, and no
Director has any relationship with any other Directors, senior management, substantial shareholders or controlling shareholders
(as defined in the Rules Governing the Listing of Securities on the SEHK (the “Listing Rules”)) of the Company.
Save as disclosed herein, there is no other matter in relation to the following Directors that needs to be brought to the attention
of the shareholders and there is no other information relating to the following Directors which is required to be disclosed pursuant
to any of the requirements of Rule 13.51(2)(h) to (v) of the Listing Rules.
Mr. Chew Hwa Kwang, Patrick, aged 50, is a founding member of our Group and is our Chief Executive Officer who is
responsible for the overall operations and finance of our Group and its financial well-being. Mr. Chew is responsible for identifying
future business opportunities and services which our Group may provide to drive future growth. Mr. Chew is also in charge of
overseeing the day-to-day management of our Group as well as our Group’s strategic and business development. Mr. Chew
has served as our Executive Director since November 2000 and played a major role in the listing of our Company’s shares on
the SGX-ST on 23 February 2004 and on the SEHK on 6 October 2010. Mr. Chew has more than twenty years of management
experience.
Mr. Chew has entered into a service contract with the Company for a term of three years commencing from 1 January 2012 which
may be terminated by either party thereto giving to the other party not less than six months’ prior notice in writing.
Mr. Chew is entitled to receive a monthly salary of S$34,500, a monthly transport allowance of S$6,000 and a bonus equivalent
to a percentage of the audited consolidated profit before taxation and before profit sharing (excluding gains on exceptional items
and extraordinary item) but after minority interest of our Group for the relevant year or up to three months salary.
As at the date of this notice, Mr. Chew had an interest in 121,711,800 shares of the Company.
Mr. Chan Soo Sen, aged 56, was appointed as an Independent Non-Executive Director on 29 June 2006. Mr. Chan was a Minister
of State and had served in several ministries including the Ministry of Education, Ministry of Trade and Industry and Ministry of
Community Development, Youth and Sports. Before entering the political scene, Mr. Chan started up the China-Singapore Suzhou
Industrial Park as the founding CEO in 1994, laying the foundation and framework for infrastructure and utilities development.
Mr. Chan holds a Master of Management Science from the University of Stanford, United States of America and is a director of
a few listed companies in Singapore and an Adjunct Professor in the Nanyang Technological University.
There is no service contract entered into between Mr. Chan and the Company, but his appointment will be subject to the rotation
and retirement requirements in accordance with the Articles of Association of the Company.
Mr. Chan is entitled to receive an annual director’s fee of S$50,000 per annum as determined by the Board with reference to his
experience and responsibility with the Company, the remuneration benchmarks in the industry and the prevailing market situation.
Mr. Chan Soo Sen will, upon re-election as a Director of the Company, remain as a member of the Audit Committee and will be
considered independent for the purpose of Rule 704(8) of the Listing Manual of the SGX-ST and Rule 3.13 of the Listing Rules.
EXPLANATORY NOTE ON SPECIAL BUSINESS TO BE TRANSACTED:
The Ordinary Resolution 7 proposed in item (7), if passed, will empower the Directors of the Company from the date of the above
meeting until the date of the next Annual General Meeting, to allot and issue new shares in the Company (whether by way of rights,
bonus or otherwise). The number of shares which the Directors may issue under this Resolution shall not exceed 20% of the total
number of issued shares excluding treasury shares in the capital of the Company. This authority will, unless previously revoked or
varied at a general meeting, expire at the next Annual General Meeting of the Company.
As at the date of this notice, the issued share capital of the Company comprised 1,217,617,800 shares (excluding 1,000,000 treasury
shares). Subject to the passing of ordinary resolution no. 7 and on the basis that no further shares are issued or repurchased after the
date of this notice and up to the Annual General Meeting, the Company will be allowed to issue a maximum of 243,523,560 shares.
As at the date of this notice, the executive directors of the Company are Mr. Chen Wei Ping and Mr. Chew Hwa Kwang, Patrick and
the independent non-executive directors of the Company are Mr. Chan Soo Sen, Dr. Xu Wei Dong and Mr. Tong Din Eu.
No wonder.....so they short up and down while we pay comm to short, that mean sure die!!!
Bopanha ( Date: 27-Mar-2013 12:01) Posted:
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They are registered traders that do not have to pay commission. That is why they can do it by buying one lot or selling one lot at a time. They want to test whether anyone will be angry and buy plenty. Hahaha. Cheers.
wesely2k ( Date: 27-Mar-2013 11:56) Posted:
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Buy Up 1k then Sell Down 1k, i'm curious like that waste commision also can, what is the purpose? SMOKE?
Really CMI.
tonylim ( Date: 27-Mar-2013 10:39) Posted:
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Sui mak mak!! Dee mak mak!
If we hear some more orders coming in, wow we need again to revise upward!!
Chok dee!!!
GorgeousOng ( Date: 27-Mar-2013 10:05) Posted:
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OCBC target 0.595.
Ya , UOBKH bei chun. Got played out once when it recommended a Sell for SAT at 2.50 but it shot up immediately the following day. UOBKH anaylst is a crap.
GorgeousOng ( Date: 27-Mar-2013 10:13) Posted:
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Oh oh!🙊 🙈 🙉 🙊 🙈 🙉 !
Peter_Pan ( Date: 27-Mar-2013 10:10) Posted:
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UOBKH losing the battle...lol
Peter_Pan ( Date: 26-Mar-2013 12:59) Posted:
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You are right! Same as Ms Ezra!!! Good luck to everyone !!!!
tonylim ( Date: 27-Mar-2013 09:38) Posted:
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Me too!!! Revise upwards upwards!!! Sui jing jing! Chok dee!!!
Bopanha ( Date: 27-Mar-2013 10:01) Posted:
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its bullish with a short term target of 0.58.
wesely2k ( Date: 27-Mar-2013 09:42) Posted:
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Wow, coming nearer to my prev tp of 60 cents. But as I said early, I have revised it upwards. Cheers!!
This stock always tend to test your patience and wear you out before it cheongs
wesely2k ( Date: 27-Mar-2013 08:42) Posted:
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Train is moving liao. Choot choot. 
last time 0.57 also didn't dump, at the end? Cut some holding..just in case it fall again. Divert some to THBEV for long term investment and better play.
student ( Date: 27-Mar-2013 07:34) Posted:
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