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Hi All,
Since it is one of passing big lots from one big hand to another, the dust is not settled. See more upside from here
3i Group PLC said on Wednesday that it had sold its entire 6.7%, confirming a Reuters report last week. The shares were bought by Legg Mason International Equities (S) Pte. Ltd. and other investors.
Legg Mason said in a statement to SGX on Tuesday that it had raised its shareholding in Ellipsiz to 6.9% from 5.72%. It has replaced 3i as Ellipsiz's 3rd-largest shareholder.
Report from Reuters:
ELLIPSIZ SLIDES ON OFF-MARKET DEAL
Shares of Ellipsiz Ltd. a Singapore-based chip equipment maker, fell as much as 2.1 percent to an early low of 92.5 Singapore cents, before rebounding to 94 cents.
Dealers said a block of 16.7 million shares was sold in an off-market deal on Thursday morning at 90 Singapore cents each.
No details on the buyer or seller were available, but a financial industry source told Reuters late on Wednesday that London-based venture capital firm 3i Group PLC was selling its stake in Ellipsiz in a deal worth at least S$9 million.
3i, which owns 6.7 percent or 17.13 million shares of the chip equipment maker, was selling 10 million shares at 90 Singapore cents each, the source said.
It had the option to increase the placement size by 7.13 million shares, the source said.
The placement price represents a 4.8 percent discount to the stock's closing level of 94.5 Singapore cents on Wednesday.
3i was Ellipsiz's third-largest shareholder. Chief Executive Xavier Chong Fook Choy holds 11.3 percent, while Aegis Portfolio Managers Pte. Ltd. and Aegis Private Capital Pte. Ltd. have a 10.1 percent stake, data on the company's website showed.
Ellipsiz is the world's third-largest maker of cards used to test semiconductor wafers, a process by which electrical currents are passed through tiny microchips on the wafer to ensure they are functional before being diced and packaged.
The company has a market value of about US$160 million.
© Reuters 2007. All Rights Reserved.
The source said that 3i had the option to increase the placement size by 7.13 million shares. If they placed out 16.83 million shares, then they are left with only 0.3 million!
There was 16.83 million shares changed hands with "married" deals this morning. Called my broker and he said these are private placement arrangement between the sellers and buyers, and most times could even be the fund managers. Even his own firm (POEMS) wasn't allocated any. We are definitely the suckers because if these fund managers were to buy 3 million shares at $0.90 and sell immediately at $0.95, they would have made $150,000 within minutes. *&^%$#%&* indeed.
If privitization is something that creates surprises and price up, why 3i is placing 10m shares at 90c. That means something is fishy and by this placement, 3i will not be a substantial shareholder. Anyone similar with this story has something to say
Since 3i is backing out, the rules are now between Xavier Chong and Aegis. But I fear the price will crash again tomorrow since 3i will be placing out 10 million shares at only $0.90 each against its $0.945 closing price today.
London-based venture capital firm 3i Group PLC
3i is Ellipsiz's third-largest shareholder. CEO Xavier Chong Fook Choy holds 11.3%, while Aegis Portfolio Managers Pte. Ltd. and Aegis Private Capital Pte. Ltd. have a 10.1% stake, data on the company's website showed.
Ellipsiz is the world's third-largest maker of cards used to test semiconductor wafers, a process by which electrical currents are passed through tiny microchips on the wafer to ensure they are functional before being diced and packaged.
Up on a local broker's research titled "Privatization Possible".
Rallying on talks that a US fund had bought a strategic stake in the company.
heard that this Capricorn stock show will be coming soon.....anybody know when the result will be out?
Hi Guys....has anyone vested on this counter....poise for a break out soon?
ellipsiz poise for a break out soon, either north or south is up to us\ to guess.
after the new study, ellipsiz look move bearish to me.
ellipsiz should be on the way to cre8 new high with todays gain.
however, must close with higher volume to cfm the reversal.
Hi,
This stock's pattern has an interesting formation if you take a look at the chart...
I'll call it a "bat formation".
Perhaps it is good to take note for future reference.
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This stock's pattern has an interesting formation if you take a look at the chart...
I'll call it a "bat formation".
Perhaps it is good to take note for future reference.
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Anyone with interest in this counter?
Think it'll go up to 95cents.
Rose after a block of 12m shares at $0.795 was crossed.
just broken the 52 weeks high with ease. those keen can vest for mid term.
It will buy a 40% stake in Japan's Kita Manufacturing (KMC) for US$4.56m in three tranches, with the purchases expected to be completed on March 31 2008.
The company said KMC's precision engineering expertise in contact probe pins will be synergistic with its PCB assemblies test and inspection business.
Ellipsiz said it will fund the deal internally and/or through bank borrowings. It will pay US$2.96m in cash, and has the option of paying the balance in cash or shares.