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wow sky one falling from the sky, now become four musketeers. trio become ...
I am sorry for the guys who own sky one here.
Zhen Ke Ai.
WanSiTong ( Date: 28-Oct-2013 12:23) Posted:
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Zhen De Mah?...OMG!!
Octavia ( Date: 28-Oct-2013 11:31) Posted:
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why such big drop,90% down?
another asia blue lion??
solidbuy ( Date: 28-Oct-2013 11:28) Posted:
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Another Blumont kind of counter. Singapore market is sooooo manipulated.
dekmelvie ( Date: 28-Oct-2013 10:59) Posted:
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Ohh nooo. Too bad for those who hold on top. What happened on the AGM?
Becareful....chasen...dropped a lot...
anyone noticed there was a large vol movement?
u mean you picked up at 47c or short at 47c?
alto26 ( Date: 14-Feb-2013 08:14) Posted:
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went to .47. any more news on RTO??
The breakout after I posted last Friday.
http://stockmarketmindgames.blogspot.sg/2012/10/sky-one-congrats.html
Is it going to start ???
The news are out on SGX on Friday and that y the trade was resume.
The price is still negotiating.....must be above 32cents or more ......
That is y so many ppls traded...... the price ended with 32 cents.....Good Sign....
WHY RESERVER TAKE OVER GOT NO PRICE LEH.....
Sky One Holdings Limited (“Sky One”), a Hong Kong-based total logistics provider listed on SGX-ST Catalist, today announced that it has entered into a conditional sale and purchase agreement to acquire the entire issued and paid-up share capital of Energy Prima Pte Ltd for a purchase consideration of S$400 million, which be fully satisfied by the allotment and issuance of 1.6 billion new ordinary shares in the capital of Sky One to the Vendors of Energy Prima Pte Ltd at S$0.25 each.
Energy Prima Pte Ltd is a Singapore incorporated investment holding company which owns 80% of the issued share capital of PT Pilar Mas Utama Perkasa (“PMUP”), which in turn owns 99.8% of PT Rinjani Kartanegara (“PT Rinjani”) (collectively, the “Acquisition Target Group”). Both PMUP and PT Rinjani are Indonesia incorporated companies engaged in the business of coal mining. The mining concession of the Acquisition Target Group comprises an area of approximately 1,933 hectares in East Kalimantan, Indonesia, of which only 283.49 hectares have been explored so far. In addition to the Purchase Consideration, up to a maximum of 600 million new shares in the capital of the Company may be issued when certain performance targets are achieved by PT Rinjani.
The Proposed Acquisition will result in a Reverse Takeover of Sky One and is therefore subject to the Company’s shareholders’ approval at an extraordinary general meeting to be convened.
In connection with the Proposed Acquisition, the Sky One has also entered into a conditional sale and purchase agreement with its Chief Executive Officer and controlling shareholder, Mr Dicky Suen Yiu Chung, for the proposed disposal of all of Sky One’s existing businesses (excluding PT Energy Indonesia Resources and any shares in it held by Sky One Network (Holding) Ltd) by way of the sale to Mr Suen of all the shares in the issued and paid-up share capital of Sky One Network (Holding) Ltd for a total purchase consideration (subject to adjustments, depending on when the completion of the Proposed Disposal occurs) of approximately S$6.9 million (“Disposal Consideration”).
Energy Prima Pte Ltd is a Singapore incorporated investment holding company which owns 80% of the issued share capital of PT Pilar Mas Utama Perkasa (“PMUP”), which in turn owns 99.8% of PT Rinjani Kartanegara (“PT Rinjani”) (collectively, the “Acquisition Target Group”). Both PMUP and PT Rinjani are Indonesia incorporated companies engaged in the business of coal mining. The mining concession of the Acquisition Target Group comprises an area of approximately 1,933 hectares in East Kalimantan, Indonesia, of which only 283.49 hectares have been explored so far. In addition to the Purchase Consideration, up to a maximum of 600 million new shares in the capital of the Company may be issued when certain performance targets are achieved by PT Rinjani.
The Proposed Acquisition will result in a Reverse Takeover of Sky One and is therefore subject to the Company’s shareholders’ approval at an extraordinary general meeting to be convened.
In connection with the Proposed Acquisition, the Sky One has also entered into a conditional sale and purchase agreement with its Chief Executive Officer and controlling shareholder, Mr Dicky Suen Yiu Chung, for the proposed disposal of all of Sky One’s existing businesses (excluding PT Energy Indonesia Resources and any shares in it held by Sky One Network (Holding) Ltd) by way of the sale to Mr Suen of all the shares in the issued and paid-up share capital of Sky One Network (Holding) Ltd for a total purchase consideration (subject to adjustments, depending on when the completion of the Proposed Disposal occurs) of approximately S$6.9 million (“Disposal Consideration”).
Reverse Takeover of Sky One