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Last 1-2 hours sudden big volume moving..
Thanks for the update.. Share price now going down to 0.006..Maybe due to the news that SSH has just dumped some shares.
SSH has exercised warrant at exercised price S$0.004 each in June 2013. He is selling at S$0.007.
SSH dumped 32millionshares at 0.007 on 20/8/13, disposal via market transaction.
Refer to sgx announcement.
Just a minute. The theoretical 7c should come after xR. Now, just proposing rights only, it is alr at 7c.
hmmm.....
terencee ( Date: 20-Aug-2013 11:30) Posted:
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Theoretically, I agreed with you. That's my gut feel only.
8+8+5. Think lowest is 7. If you're lucky, you can get 6. Thats all.
sk6666 ( Date: 20-Aug-2013 09:35) Posted:
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Feel may go 5c or lower b4 xR. How you guys feel? Keep finger cross. nv.
yawn.. rights at 0.005 don't know good or no good
or company's is 1.75
i thought the NAV stated inside the financial report? 2.12RMB per share i think
EddieLeong ( Date: 13-Aug-2013 00:49) Posted:
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This is not the triggering point. The trigging point is the auditor come up with NAV
and also the further acquisition that set base for cedar the following year.
NoMoney ( Date: 12-Aug-2013 23:51) Posted:
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Donknow how this will impact tomorrow
Xiang90 ( Date: 12-Aug-2013 20:58) Posted:
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Use of proceeds of Rights
http://infopub.sgx.com/FileOpen/UseOfProceeds.ashx?App=Announcement& FileID=251837
2nd Quarterly Results
http://infopub.sgx.com/FileOpen/CSH-Q2FY2013.ashx?App=Announcement& FileID=251836
Adapted from the Listing Manual of SGX..
(c) where the consideration for the acquisition of assets by the issuer is to be satisfied by the issue of shares, the price per share of the issuer after adjusting for any share consolidation must not be lower than S$0.20. (i.e to say Cedar has to consolidate at a minimum price of S$0.20.
with regards to the results, hafta ask auditors to come out with the NAV. But chances are RTO do take a while. hold on and reap the profits in the future. its definitely not a stock which is for contra. ONCE the circular is lodged with SGX, that will be interesting, and with the movements now, maybe they are close to a new announcement.
Godzxz ( Date: 26-Jul-2013 11:25) Posted:
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When will the results be out?
There is an RTO. but the consideration price is dependent on the NAV of Hua Cheng ending 30 June 2013. So let's hope the half year result is super good. then the " new" stock price will be that.. right now it looks like from catalist manual, RTO requires a 20 cents value. so consolidation will be required.
Xiang90 ( Date: 25-Jul-2013 15:07) Posted:
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Never heard of consolidation of stocks at 0.00...Lol It's likely for RTO....
Tmr chiong til $0.011. BB confirm push it up pennies play.
Still have hope on it?