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Yes, but extendable?
According to SGX rules:
'A Trading Halt is a short term trading stoppage requested by an issuer to disclose material information. It is generally requested for a minimum of 30 minutes to a maximum of three market days. When a Trading Halt is being lifted, a stock will enter into the phase that the market is then in.'
So... today is the last day allowed?
The longer time they take to lift the halt, it is more hopeless we are.
| Date of Trading Halt * | 14-01-2013 | |
| Time of Trading Halt * | 1325 hours | |
| Reasons for Trading Halt * |
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may be quite deep inside, need to be a bit more patience.
This is crazy. Up till now stil no rls news. Lol
Hmm... but isn't that only the first stage of the distribution, with the second stage being:
'As the Relevant Shares are currently held by Sinopower, upon passing of the ordinary resolution at the special general meeting of SRE approving the SRE Distribution, Sinopower will implement the Sinopower Distribution whereby all the Relevant Shares will be distributed to SRE. After the Relevant Shares have been transferred to SRE, SRE will then implement the SRE Distribution.'
That's assuming that 'Mr. Shi Jian, a Director, is deemed interested in the 2,658,781,817 Shares held by Sinopower as of the date of this announcement, will be deemed interested in the 2,658,781,817 Shares which will be held by SRE immediately after completion of the Sinopower Distribution, and will be deemed interested in the 1,468,356,862 Shares which will be held by SREI immediately after completion of the SRE Distribution.' has not taken place? In which said Director would either buy all the shares held by Sinopower, in which then there would be no distribution of '1.408075 Shares for every 3 shares held in SRE', or said Director purchases a portion of those shares and the rest gets distributed to the other shareholders.
Not sure if I'm reading it correctly though.
happyharvest ( Date: 17-Jan-2013 02:14) Posted:
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Hi Kelvin,
Please ignore my previous comment. I think I misread your comment. Also I cannot find the edit function..
happyharvest ( Date: 17-Jan-2013 02:36) Posted:
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Hi Kelvin,
May I ask why usually for bad news need to halt so may days?
kelvinLim123 ( Date: 17-Jan-2013 02:27) Posted:
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Normally bad news, one day only halt, but so many days, it could be good news likely, from previous action by other coy.
I think maybe something to do with delisting.. maybe .. there is a distribution of share by sinopower investment limited to SRE... news should be released tomorrow. let's hope is not so bad news.. haha
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F7FF383487A41C2248257A6B0045D28C/$file/e-20120831cntd_specie.pdf?openelement
On 3 October 2012, being 2,658,781,817 shares in the Company held by Sinopower Investment Limited (representing
59.20% of the total issued shares of the Company) were distributed by way of specie to its sole shareholder, namely SRE
Group Limited which is listed on the Stock Exchange of Hong Kong Limited, and SRE Group Limited had immediately
implemented the distribution of 2,658,781,817 shares in the Company to its shareholders proportionally. As a result,
Sinopower Investment Limited and SRE Group Limited no longer have any shareholding interests in the Company.
In Cantonese, it is more cold than water.....
you got to hold it till the counter open again
sgfreestyler ( Date: 16-Jan-2013 22:51) Posted:
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You may refer to China HongXing.....
sgfreestyler ( Date: 16-Jan-2013 22:51) Posted:
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what if is suspension? what happen to the shares which were purchase?
not yet, not yet, still H, not yet SUSP. . . .
oh no !!!! nightmare came through.....
so many days... dun think is good news...
maybe suspension
Hulumas ( Date: 16-Jan-2013 19:42) Posted:
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Later Later, Later!
Flyordie ( Date: 16-Jan-2013 16:02) Posted:
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What good news will be?
YZJ just raise warrant, gonna punch up side down.
China property is bubble, what good news can be?
095049s ( Date: 16-Jan-2013 16:23) Posted:
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should be good news.. NO WORRIES