Yongnam   

Yong nam

YHL-News_Release-25_Jun_2013.pdf

Yongnam secures HK$166 million (S$27 million) subcontracts in Hong Kong   

 

don't think SG Govt will stop MRT contract..

buy on dip

gd luck dyodd

EddieLeong      ( Date: 24-Jun-2013 21:39) Posted:   Announcement BackJun 24, 2013 Yongnam Holdings Limited (" Yongnam" or the " Group" ) refers to the newspaper article 'Work halts at 3 stations as contractor goes insolvent' published in The Business Times on 21 June 2013, and the Group's news release 'Yongnam secures contract worth S$25.0 million for the MRT Downtown Line 2' announced on 31 August 2010, in respect of its involvement for the MRT Downtown Line Stage 2 (" DTL 2" ), after Alpine Bau GmbH (" Alpine" ), the main contractor, filed for insolvency. As one of the subcontractors, Yongnam was supporting Alpine in the supply, lease, installation and removal of steel struts and walers for a Cut and Cover Tunnel and the Tan Kah Kee Station, in a subcontract valued at S$25.0 million (the " Project" ). Yongnam estimates its exposure to Alpine's insolvency for the remainder of the Project to be approximately S$5.0 million. The Group is in communication with the Land Transport Authority for the next course of action. In the meantime, shareholders are advised to exercise caution in dealing with the securities of the Group. Shareholders who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers. BY ORDER OF THE BOARD Seow Soon Yong Chief Executive Officer 24 June 2013

 

alpine bau a small blip for yongnam for now, as gov will step in to continue project ...unless there is news airport deal is not coming thru than a double whammy for this counter. 

 

Depend how you see it. To yongnam airport contacts may way overrun the 5 millions loses.

Current market and this bad news should be able to pull yongnam to a very attractive price.

 

Vested.

john_ric      ( Date: 24-Jun-2013 22:58) Posted: yongnam (forever suffer) tomorrow lau sai  ??

 

yongnam (forever suffer) tomorrow lau sai  ??

 

 

Announcement BackJun 24, 2013

Yongnam Holdings Limited (" Yongnam" or the " Group" ) refers to the newspaper article 'Work halts at 3 stations as contractor goes insolvent' published in The Business Times on 21 June 2013, and the Group's news release 'Yongnam secures contract worth S$25.0 million for the MRT Downtown Line 2' announced on 31 August 2010, in respect of its involvement for the MRT Downtown Line Stage 2 (" DTL 2" ), after Alpine Bau GmbH (" Alpine" ), the main contractor, filed for insolvency. As one of the subcontractors, Yongnam was supporting Alpine in the supply, lease, installation and removal of steel struts and walers for a Cut and Cover Tunnel and the Tan Kah Kee Station, in a subcontract valued at S$25.0 million (the " Project" ). Yongnam estimates its exposure to Alpine's insolvency for the remainder of the Project to be approximately S$5.0 million. The Group is in communication with the Land Transport Authority for the next course of action. In the meantime, shareholders are advised to exercise caution in dealing with the securities of the Group. Shareholders who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers. BY ORDER OF THE BOARD Seow Soon Yong Chief Executive Officer 24 June 2013

 

wowwww.... 34cents nowwwww.. east wind died off?


 

 

im heard kena activate sell by pro trade plateform.....buy

 

kena short

 

when is result and any news myamar airport? look like no news is good buy

 

anynews

 

holding steady..still in accumulation mode...result results results any wind hope it wont haze away...

 

up 2 c to 38c..woot!

 

accumulation slowed down ..., any wind of results soon? 

 

YN steady at .37 with 23m shares traded.  Accumulation mode and waiting for results?

 

Naise!!!!!

already Q 40c to sell..

shiok gains..

gd luck dyodd

teeth53      ( Date: 05-Jun-2013 10:49) Posted: Yongnam -fierce play. on  two airport potiential project. Hitting 0.385c on 20.5 mil shr changing hands currently. next coming CNA?.

 

Yongnam -fierce play. on  two airport potiential project. Hitting 0.385c on 20.5 mil shr changing hands currently.

next coming CNA?.

 

hit 38c ..Q to sell 40c..

:)

ozone2002      ( Date: 04-Jun-2013 16:31) Posted: up 10% to 36+c wow! looking @ 40c to sell.. gd luck dyodd

 

up 10% to 36+c

wow! looking @ 40c to sell..

gd luck dyodd

 

恭 喜 ， 33cts買 不 到 就 沒 買 ， 恭 喜 那 些 買 的 contract  o  r