Polaris    Last:0.001   -

Entering VoIP and fibre optic business

  Latest capital injection into the subsi below should be good news.


Polaris Telecom Pte. Ltd. was incorporated in February 2013. In April 2013, we entered into a distributor agreement with SingTel Group Companies to operate a SingTel retail distribution network in Singapore.

As an Exclusive Distributor for SingTel, one of Singapore's three major telecoms providers, our shops offer comprehensive mobile and communication solutions. Customers can purchase handsets, sign up for new plans and manage their existing SingTel subscriptions. We are committed to providing original, high-quality products and excellent after-sales support.

We currently operate 14 SingTel shops located in high-traffic shopping areas island-wide. Check out the map and contact details below for the location of all of the SingTel shops in our network.

 

 

Its good news. Huat ah!!!

pepperginger      ( Date: 02-Jul-2013 18:02) Posted: copied from SGX, any impact bo ? ? ? POLARIS LTD. (formerly known as CarrierNet Global Ltd.) Company Registration No. 198404341D (Incorporated in the Republic of Singapore) CAPITAL INJECTION INTO WHOLLY-OWNED SUBSIDIARY The Board of Directors of Polaris Ltd. (the “Company”) wishes to announce that the Company has injected an additional capital of S$1,900,000 into Polaris Telecom Pte. Ltd. (“PTPL”), a wholly-owned subsidiary of the Company (the “Capital Injection”) and accordingly the issued and paid-up capital of PTPL has increased from S$100,000.00 to S$2,000,000.00. The Capital Injection is funded by internal resources and is not expected to have any material effect on the consolidated net tangible assets per share and earnings per share of the Company and the Group for the financial year ending 31 December 2013. None of the Directors (other than in his capacity as a Director or shareholder of the Company, as the case may be) and controlling shareholders of the Company has any interest, direct or indirect, in the above transaction. By Order of the Board Ang Chuan Hui, Peter Executive Director & CEO 2 July 2013

 

copied from SGX, any impact bo ? ? ?


POLARIS LTD.
(formerly known as CarrierNet Global Ltd.)
Company Registration No. 198404341D
(Incorporated in the Republic of Singapore)
CAPITAL INJECTION INTO WHOLLY-OWNED SUBSIDIARY
The Board of Directors of Polaris Ltd. (the “Company”) wishes to announce that the Company has
injected an additional capital of S$1,900,000 into Polaris Telecom Pte. Ltd. (“PTPL”), a wholly-owned
subsidiary of the Company (the “Capital Injection”) and accordingly the issued and paid-up capital of
PTPL has increased from S$100,000.00 to S$2,000,000.00.
The Capital Injection is funded by internal resources and is not expected to have any material effect
on the consolidated net tangible assets per share and earnings per share of the Company and the
Group for the financial year ending 31 December 2013.
None of the Directors (other than in his capacity as a Director or shareholder of the Company, as the
case may be) and controlling shareholders of the Company has any interest, direct or indirect, in the
above transaction.
By Order of the Board
Ang Chuan Hui, Peter
Executive Director & CEO
2 July 2013

 

Need patience

 

hmmm ..... just when everyone else has given up ......

Intercept      ( Date: 02-Jul-2013 07:20) Posted: Looking at its recent financial results, agreements signed with reputable telcos, i think its prospects are bright.

 

Looking at its recent financial results, agreements signed with reputable telcos, i think its prospects are bright. 

 

hoping that it will re-visit the 30 level

 

this super oversold counter haven't has it's due technical recovery yet

 

seems like big chiong time ?

 

hope

fortunecat      ( Date: 28-Jun-2013 16:04) Posted: HOPELESS...

 

HOPELESS...

 

Very slow counter!

 

SingHaiYi so stable

 

http://www.asiaticmart.com/our-business

Asiatic Mart Holding Pte Ltd was established as a sourcing and consolidation company in 1996 to provide one stop solution to overseas retail formats. With 15 years of experience in procurement, sourcing, warehousing and logistics, our strength lies in the ability to provide all supplies to supermarket, bakery and pharmacy chain.

 

We have a close working relationship with City Mart, currently the largest retail format in Yangon, Myanmar. From the humble beginning of one supermarket in 1996, City Mart has grown into the largest retail chain in Myanmar, with 48 retail formats in the forms of supermarkets, hyper marts, bakeries, pharmacies, and bookstores.

  Our experience and ability to source and locate a diversity of products from global markets has helped City Mart grown into a well-known national retail chain in Myanmar. Our expertise in freight documentation and custom clearance ensures smooth transactions.

 

keniki      ( Date: 28-Jun-2013 01:10) Posted: Doubt anything much will change after all they already have 6 shops set up over at Myanmar and surely going to expand overtime as this telecom market expand. http://wearepolaris.com/subsidiaries/polaris-kkc

 

Doubt anything much will change after all they already have 6 shops set up over at Myanmar and surely going to expand overtime as this telecom market expand.

http://wearepolaris.com/subsidiaries/polaris-kkc

 

http://www.channelnewsasia.com/news/business/international/myanmar-awards-telecom/726904.html

 

what happens now ? singtel didnt win 

 

Bo Wei gong Liao. Hahaha see how it goes now.

 

Credits to friends from cna forums.. No links provided so I cannot authenticate this news. :P

 

The announcement of the outcome in Myanmar's telecommunications tender will reportedly go ahead as intended, despite rumours of a lower house resolution to hold off until a new telecoms law is enacted.Speaking with*censored*The Myanmar Times, Telecommunications Operator Tender Evaluation and Selection Committee chairman U Set Aung confirmed the June 27 announcement will take place, saying it's important for Myanmar's reputation."We are now working with the biggest international companies and this isn't playing ... We have to continue so that our country will get trust. We aren't working with SMEs fom regional neighbours like ASEAN countries. We can't make any mistakes. Myanmar's market has been just opened so we can't let our country's dignity down."The Irrawaddy*censored*reports a member of Parliament’s telecoms committee submitted an emergency statement urging that bids from local joint ventures be favoured in the tender process, prompting lawmakers to agree to delay the announcement.Thein Nyunt, lawmaker and New National Democratic Party chair told Reuters that "A lower house lawmaker tabled an important motion suggesting that choosing the two telecoms operators should be postponed till the new telecoms law is enacted."However, it is unclear whether or not the lower house has the authority to affect the announcement proceeding, and reports of a delay have been news to some prominent candidates in the tender."I haven't heard about changing the finalisation date. I heard that the process will be ongoing", said Digicel communications representative Ma Thiri Kyar Nyo.Norwegian conglomerate Telenor Group echoed this, saying it had not received any communications from the relevant authorities regarding any*censored* delay.*censored*"We remain committed to the bid proposal we submitted on June 3, 2013. However, the bid process regulations preclude us from discussing any aspect of that proposal until the bidding process has been completed", their statement read.

 

Keeping fingers cross XD