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http://forum.channelnewsasia.com/viewtopic.php?p=3013424#3013424
This S-Chip has certainly initialize all China counter to wake up liao...This S-Chip shares has been placed out successfully after book making at 0.29ct...given that since many bourses like in KLSE, China and SGX is via-ing for a smaller pie, will this S-chip be the 1st to here in SGX be more successful on opening trading come morning 27th August 2009 ? and it has....Kudos to UOB Kay Hian doing a good job.
Looking to another positive outlook for Passion Art...IPO...closing on 31-8-2009 (Mon).
What a strong finisher....62,646 lot changed hands
| Time | Last | Volume | Bid/Ask |
| 17:05:02 | 0.650 | 344,000 | A |
| ChinaEnv | 0.550 | 0.650 | 0.000 | 0.0 | 62,646,000 | 34,000 | 0.645 | 0.650 | 4,000 | 0.660 | 0.545 |
Woww... better then my expectation. My good guess started from 0.50 cents...and is right on...Ya. From a low of 0.545ct to a high of 0.635ct
It is been well received by subscribers and placement agents.
S-Chip is back in flavourable postition as far as players or certain players in interested.
Congratulation to UOB Kay Hian Securities as Placement Agents.
Posted: Thu Aug 27, 2009 7:35 am refer to CNA
Err...I start with 50 cent..wild guess oni...Ya.
teeth53 ( Date: 27-Aug-2009 11:23) Posted:
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| ChinaEnv | 0.550 | 0.605 | 0.000 | 0.0 | 40,506,000 | 410,000 | 0.600 | 0.605 | 107,000 | 0.635 | 0.545 |
This is not IPO-ing on offer, a very successful reverse take over of Gates Electronics by China Environment...forum.channelnewsasia.com/viewtopic.php?t=265700... - Cached
Refering to...Channel NewsAsia :: View topic - SGX struggles to stoke the fire ...
Book making prices stood at 0.29 cents
Placees may be required to pay a brokerage fee of up to 1% of the Placement Price (and goods and services tax of 7% thereon, if applicable) to the Placement Agent.
It is been well received by subscribers and placement agents.
teeth tot: Just for info sharing....:)) happy trading...Ya.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9276792FA1F4B6834825761E00341A03/$file/Press_Release_Completion_26Aug2009.pdf?openelement
Formerly Gates Electronics Limited) Now called China Environment Ltd
SINGAPORE, 26 August 2009
– Gates Electronics Limited (the “Company”) today announced that it has completed the S$105 million acquisition of the entire share capital of China Dongyuan Environment Pte. Ltd. (“China Dongyuan”) and the compliance placement of 132 million shares in the Company (“Shares”) at S$0.29 per Share.ANNOUNCEMENT OF APPOINTMENT OF CHAIRMAN AND CEO
| Huang Min | |
| Age * | 40 |
| Country of principal residence * | China |
| Shareholding * in the listed issuer and its subsidiaries * |
|
| GATES ELECTRONICS LIMITED | REQUEST FOR RESUMPTION OF TRADING FROM SUSPENSION | Aug 26 2009 | 05:39:03 PM |
Pre-completion_240809.pdf
27 August 2009 at 9.00 a.m. : Subject to approval from the SGX-ST, the Shares are expected to commence trading on the Main Board of the SGX-ST under the name China Environment Ltd. and under the counter name “ChinaEnv”. In addition, a temporary odd lot trading counter for board lots of 100 Shares will be maintained for a period of one month from 27 August 2009
Just a comparision on......IPO Fact Sheet
(Mary Chia Holdings Ltd) Issue statistics: (Offer Size: 24.565m new shares) Public Tranche: Nil (Placement Tranche: 24.565m shares) NTA per share (post IPO): S$0.033 and.......
Price: S$0.23 and
Passion Holding...IPO Fact Sheet
Issue statistics: (Offer Size: 132m placement new shares) Public Tranche: Nil (Placement Tranche: 132m shares) NTA per share
Estimated Price: S$0.26 and Estimated
(before IPO): 17.23 cents and post IPO: 9.76 cents
Issue statistics: (Offer Size:
Public Tranche:
Price: S$0.23 and
Passion Holding...IPO Fact Sheet
Issue statistics: (Offer Size: 132m placement new shares) Nil (Placement Tranche: 132m shares) NTA per share
Public Tranche:
Estimated Price: S$0.26 and Estimated
(before IPO): 17.23 cents and post IPO: 9.76 cents
More info on the offering...see page 19
The total number of Shares, after adjusting for the Share Consolidation, the issuance of 525 million Consideration Shares in connection with the Proposed Acquisition and 66 million New Shares under the Placement, is 639,520,646 Shares. The net tangible assets (“NTA”) per Share of the Group as at 31 December 2008 is as follows:
No. of Shares NTA per Share After the Share Consolidation but before the Proposed Acquisition and the Placement 48,520,646 17.23 cents(1) After the Proposed Acquisition and the Placement 639,520,646 9.76 cents(2)Notes:-
(1) Based on NTA of the Group of approximately S$8,359,000 as at 31 December 2008, as disclosed in section 5 in the “Letter to Shareholder from Gates” of the Circular.
(2) Based on NTA of the Enlarged Proforma Group of approximately S$45,864,000 as at 31 December 2008, as disclosed in section 5 in the “Letter to Shareholder from Gates” of the Circular. For illustration purposes, in computing NTA per Share, the Placement is based on the lower end Estimated Placement Price of S$0.26 per Placement Share, net of the Placement commission.
PART VI: THE OFFER AND LISTING
The actual Placement Price will be determined following a book-building process by agreement among the Placement Agent, the Company and the Vendors. An announcement will be posted on the internet at the website
Placees may be required to pay a brokerage fee of up to 1% of the Placement Price (and goods and services tax of 7% thereon, if applicable) to the Placement Agent.
teeth tot: Just for info sharing....:)) happy trading...Ya.
| Gates Electronics Limited |  Lodged Date: |
13/08/2009 |
| Offer Information Statement (S277) | 252714_v(1)_OIS.PDF |
Lodged |
PLACEMENT AGENT:
PLACEMENT MANAGER:
THE PROPOSED ALLOTMENT AND ISSUE OF 132 MILLION PLACEMENT SHARES, COMPRISING 66 MILLION NEW SHARES AND 66 MILLION VENDOR SHARES IN THE CAPITAL OF GATES ELECTRONICS LIMITED, IN CONNECTION WITH THE PROPOSED COMPLIANCE PLACEMENT FOR THE PURPOSE OF MEETING THE SHAREHOLDING SPREAD REQUIREMENTS OF THE SGX-ST LISTING MANUAL
The Estimated Placement Price of between S$0.26 to S$0.32 per Placement Share
PART III: OFFER STATISTICS AND TIMETABLE