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News @SGX on 24/10/07@1245hrs

Areate Ltd officials is featured over CNA news tonight...USD60billion carbon credit traded for the world this year,,s'pore has also set aside S$150milto fund research..1 carbon credit can be traded for USD35...wow Oculus got 50milworks out to be USD 1.5billion...when RTO is completed
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go_francis Senior	Posted: 06-Nov-2007 21:01
x 0 x 0 * Alert Admin	Aretae Corporate Info: Headquarters: Singapore. Registered Address: 50 Raffles Place, #37-00 Singapore Land Tower, S(048623). Date of Incorporation: 8 August 1996. Paid-up Capital: $21 Million. Directors: David Leong, Dr. Low Chin Nam, and Tan Teik Chin. Shareholders include: Crimson Ventures, Keppel Group, Kerry Group, and Sirius Group. Management Team: CEO: Dr. Low Chin Nam. Managing Director: Dr. Stephen Lee. Founder & Chairman: David Leong. CDM Manager: Dr. Yang Lei.

 

Carbon Emisson 21st century darling trade

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With many countries supporting the green house emission...expect demand for such products to be in vogue...


Posted: Mon Nov 05, 2007 10:51 am Post subject:

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alwaysrng wrote:
Keppel and Kerry Groups are among Aretae's shareholders as well. i think this is something to bear in mind when thinking abt investing in oculus.

 

hi no > contra plse...just buy and keep if U know it has value ..ignore the ups and downs..ask youself..do U expect to get at 15 to 20cts level...buy with surplus cash and watch it grows later .I know how U feel when U see Oculus plunges..Warren Buffet..buy and keep for value investing..treat ready like FDs esp our banks' deposits are so low..can't ven beat inflation

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Posted: Mon Nov 05, 2007 10:51 am Post subject:

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alwaysrng wrote:
Keppel and Kerry Groups are among Aretae's shareholders as well. i think this is something to bear in mind when thinking abt investing in oculus.

 

hi no > contra plse...just buy and keep if U know it has value ..ignore the ups and downs..ask youself..do U expect to get at 15 to 20cts level...buy with surplus cash and watch it grows later .I know how U feel when U see Oculus plunges..Warren Buffet..buy and keep for value investing..treat ready like FDs esp our banks' deposits are so low..can't ven beat inflation..even if it shd test 23cts ..no panic as reported in zao bao on fri 2 Nov

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from CNA:

 

P168 Joined: 06 Oct 2004 Posts: 1045

Posted: Mon Oct 29, 2007 11:59 am    Post subject: go_francis wrote: Yo! After so many frustrated losses in Aug/Sep, I only remain vested in few counters for mid-term to long term... - one of them is Oculus! It is now my Fixed Deposit A/C. Hopefully It will fly soon! Hi Go Francis, Good thing you had done that to your Fixed Deposit a/c in Oculus, it shall inch upwards over the period of months, before CNY time I hope. We must always have the thinking and mindset here that if we lose money in Oculus, then the syndicated parties and new mgmt would lose much more money or I should say opportunity cost $$$ than us at Oculus. I am quite certain that we would be doing very fine here over time.

 

Even b4 the paper raise doubts ab conflict of interest...this happens quite often..see Dr Soh of  Jade who is owns about 30% of the Russian co to provide futures oil contract trading..Dr soh is sitting on board of both cos and he merely abstain from voting and resolution was passed on 31 Aug 2007..gd chance to accumulate esp in the CPF and RTO between 2 local cos is liklet to be genuine and in the interest of shareholders of Oculus..unlilely to be those kind of contracts with Rowsley and/or Banjoo deal with PRU cos.

The problem is investors are impatient and just want the sh price of Oculus to soar..the longer it consolidates the better as the small paid up capital of 180mil and free flaot is about 80mil in the market only and come near the date for it to be relisted on Mainboard the 50cts is definitely achievable and at least 60cts when relisted with new name Areate Ltd-Asia No1 Carbon Credit Developer

reply toR0125per...RTO between Oculus and Areate is arrived at a willing buyer/seller situation beneficial for both cos..Oculus is basically a shelf co after disposing of its optical biz nad Areate instead of the costly and lengthy ipo opt instead to list vis backdoor...

 

Investment..long time never hear from U...made lots of $$$ from Jade..right?Sinostar got buy or not when it was quite low?

Oculus is issuing 1.2bllion shares2$0.50 to finance its purchase..no loan is required and no rights issue is required..no rational investors will object...related directors normally abstain from voting to prevent conflict of interest

 

 

aretae is worth 600m; it is questionable. who will buy @0.50???

 

Yeah!

Oculus Cheong Arh!

[quote="reallymeh"]The Company wishes to clarify that based on the Company?s records, as at 16 October 2007 and
23 October 2007, Mr Tan Teik Chin (?Mr Tan?) had an interest of 5 million shares in the issued
and paid-up share capital of the Company which amounted to less than 5% of the total issued and
paid up share capital of Company as at the respective dates. He is therefore not a substantial
shareholder of the Company. Mr Tan currently does not hold, and has never held, any position on
the Board of the Company or any managerial position in the Company, and has no influence over
the Board.
The Board would therefore like to stress that there is no potential conflict of interests arising from
Mr Tan?s shareholding in the Company and that there are no compromises on the independence
of the Proposed Acquisition.
The Company wishes to highlight that in relation to the Proposed Acquisition, the valuation
thereof was arrived at between a willing buyer and willing seller on an arm?s length basis
following limited due diligence by the Company. Further due diligence is being carried out by the
Company following the signing of the Heads of Agreement, and the Company will have to be
satisfied with the outcome of such due diligence prior to Completion. As disclosed in the 16
October Announcement, Aretae has secured over 30 greenhouse gas reduction projects which are
expected to generate an aggregate of 50 million carbon credits over the lives of these projects
which range from 7 to 10 years and the current market value for a carbon credit for delivery in
December 2008 is approximately S$35. The valuation also took into account the Earnings
Guarantee provided by the Key Vendors that the aggregate EBITDA of Aretae for the financial
year ending 31 December 2008 (?FY2008?) and 31 December 2009 (?FY2009?) shall be not less
than S$50 million.As the Definitive Agreements relating to the Proposed Acquisition have not yet been entered into
by the relevant parties as at the date of this announcement, no submissions have been made to the
Singapore Exchange Securities Trading Limited. The Company wishes to highlight that the
parties are under no legal obligation to complete the Proposed Acquisition until such time as the
formal Definitive Agreements have been mutually negotiated, executed and delivered.
As disclosed in the 16 October Announcement, further updates on the progress of the Proposed
Acquisition will be made periodically, in particular an announcement will be made immediately
upon the signing of the Definitive Agreements.
By Order of the Board
25 October 2007[/quote]

 

 

This is a good news or bad news for us that is holding Oculus? The price seems not moving.

 

PROPOSED REVERSE TAKE-OVER OF ARETAE PTE LTD - CLARIFICATION ON

THE NEWSPAPER ARTICLE ?OCULUS? REVERSE TAKEOVER OF ARETAE

RAISES QUESTIONS? IN THE STRAITS TIMES ON 25 OCTOBER 2007

The Board of Directors (the ?

the announcement dated 16 October 2007 (the ?

in the Straits Times on 25 October 2007 (the ?

acquisition of the entire issued and paid-up share capital of Aretae Pte Ltd (?

result in a reverse take-over of Aretae (the ?

capitalised terms in this announcement shall have the same meaning ascribed to them as in the 16

October Announcement.

The Company wishes to clarify that based on the Company?s records, as at 16 October 2007 and

23 October 2007, Mr Tan Teik Chin (?

and paid-up share capital of the Company which amounted to less than 5% of the total issued and

paid up share capital of Company as at the respective dates. He is therefore not a substantial

shareholder of the Company. Mr Tan currently does not hold, and has never held, any position on

the Board of the Company or any managerial position in the Company, and has no influence over

the Board.

The Board would therefore like to stress that there is no potential conflict of interests arising from

Mr Tan?s shareholding in the Company and that there are no compromises on the independence

of the Proposed Acquisition.

The Company wishes to highlight that in relation to the Proposed Acquisition, the valuation

thereof was arrived at between a willing buyer and willing seller on an arm?s length basis

following limited due diligence by the Company. Further due diligence is being carried out by the

Company following the signing of the Heads of Agreement, and the Company will have to be

satisfied with the outcome of such due diligence prior to Completion. As disclosed in the 16

October Announcement, Aretae has secured over 30 greenhouse gas reduction projects which are

expected to generate an aggregate of 50 million carbon credits over the lives of these projects

which range from 7 to 10 years and the current market value for a carbon credit for delivery in

December 2008 is approximately S$35. The valuation also took into account the Earnings

Guarantee provided by the Key Vendors that the aggregate EBITDA of Aretae for the financial

year ending 31 December 2008 (?

than S$50 million.

As the Definitive Agreements relating to the Proposed Acquisition have not yet been entered into

by the relevant parties as at the date of this announcement, no submissions have been made to the

Singapore Exchange Securities Trading Limited. The Company wishes to highlight that the

parties are under no legal obligation to complete the Proposed Acquisition until such time as the

formal Definitive Agreements have been mutually negotiated, executed and delivered.

As disclosed in the 16 October Announcement, further updates on the progress of the Proposed

Acquisition will be made periodically, in particular an announcement will be made immediately

upon the signing of the Definitive Agreements.

By Order of the Board

25 October 2007Board?) of Oculus Limited (?Oculus? or the ?Company") refers to16 October Announcement?) and to the articleST Article?) regarding the Company?s proposedAretae?) which willProposed Acquisition?). Unless otherwise defined,Mr Tan?) had an interest of 5 million shares in the issuedFY2008?) and 31 December 2009 (?FY2009?) shall be not less

 

quote="happyday"]Announcements  05 Sep 2007 


Clarification Announcement


Reference is made to the announcement number 00181 made on 6 July 2007 relating to the notice of a new substantial shareholder's (the "Shareholder") interest.

The Board of Directors of Oculus Limited (the "Company") wishes to announce that it has been informed by the Shareholder the announcement is erroneous and has clarified that he is not the beneficial owner of all the 29 million shares held in the name of UOB Kay Hian Nominees Pte Ltd. The Shareholder has clarified that he is the beneficial owner of only part of the said 29 million shares and his interests in such portion amounts to less than 5% of the issued share capital of the Company.

Accordingly, the Shareholder is not a substantial shareholder of the Company and the announcement number 00181 made on 6 July 2007 should be deemed void...positve new for Oculus..many pple are buying big on this counter..renewable alternative hydro electric power play to coal/oil which PRC is encouraging[/quote]


The above announced on 5 Sept..was referring to Tan Teik Chin was the substantila buyer mentioned in today's St Times dated 25 Oct...easier same as Dr Soh who normally abstained as his acquired cos or joint venture firms are mostly owned directly or indirectly via subsidiary or asscoiateship..Areate ltd already has 50mil tradable credits worth S$1 billion and with Oculus current paid up of only 180mil..the push towards 50cts is easy for such small cap stock..buy on weakness 33-33.5 just in sept the married deal was also at 33cts unlikley to drop below

 

quote="sporeguy"]Today's Straits Times indicated that both Oculus and Aretae have the same director and that Oculus might have paid too high a price for the RTO[/quote]..possible..the directors involved hve to abstained from voting...Dr Soh from Jade also cross acquire his related cos but abstain from voting

 

RTO is on a domestic co not like Banjoo..related with PRC no guarantee ..can be terminated according to their whims and fancies...unless  there is an adverse change in circumstances for offeror and offeree or major sh holders object which is unlikely as Oculus after selling optical biz has nothing left..the carbon emission is the"in-thing' for 21st Century...

 

OCULUS LIMITED
Company Registration No : 198304025N

INCORPORATION OF ARETAE ECOVENTURES PTE LTD

Further to the announcement dated 2 October 2007, the Board of Directors of Oculus Limited (the
?Company?) wishes to announce that it has on 23 October 2007 incorporated a new joint venture
company named Aretae EcoVentures Pte Ltd (?Aretae EcoVentures?) pursuant to the joint
venture agreement entered into between the Company and Aretae Pte Ltd (?Aretae?).
Aretae EcoVentures is incorporated solely for advising on, managing and running waste-handling
& disposal and renewable energy & sustainable development projects and is part of the
Company?s strategy to develop Renewable Energy and Environmental Resource businesses. As
at the date of this announcement, Aretae EcoVentures has an issued and paid-up share capital of
S$2 divided into two ordinary shares, one share each being held by Aretae and the Company.
Pursuant to the joint venture agreement, Oculus will be providing an interest-bearing
shareholders? loan of S$1.0 million to Aretae EcoVentures to enable it to meet its initial funding
requirements and expenses.
[The above transaction is not expected to have any material impact on the earnings per share
and net tangible assets of the Company for the current financial year ending.
By Order of the Board
OCULUS LIMITED
Low Shiong Jin
Executive Director
24 October 2007
1
OCULUS LIMITED
Company Registration No : 198304025N
INCORPORATION OF ARETAE ECOVENTURES PTE LTD
Further to the announcement dated 2 October 2007, the Board of Directors of Oculus Limited (the
?Company?) wishes to announce that it has on 23 October 2007 incorporated a new joint venture
company named Aretae EcoVentures Pte Ltd (?Aretae EcoVentures?) pursuant to the joint
venture agreement entered into between the Company and Aretae Pte Ltd (?Aretae?).
Aretae EcoVentures is incorporated solely for advising on, managing and running waste-handling
& disposal and renewable energy & sustainable development projects and is part of the
Company?s strategy to develop Renewable Energy and Environmental Resource businesses. As
at the date of this announcement, Aretae EcoVentures has an issued and paid-up share capital of
S$2 divided into two ordinary shares, one share each being held by Aretae and the Company.
Pursuant to the joint venture agreement, Oculus will be providing an interest-bearing
shareholders? loan of S$1.0 million to Aretae EcoVentures to enable it to meet its initial funding
requirements and expenses.
The above transaction is not expected to have any material impact on the earnings per share and
net tangible assets of the Company for the current financial year ending 31 December 2007.
By Order of the Board
OCULUS LIMITED
Low Shiong Jin
Executive Director
24 October 2007