Post Reply
361-380 of 1198
wow! still on the ride?? or take profit already??
yummysukiyaki ( Date: 22-May-2013 13:57) Posted:
|
Yes bought at .014c...hehe
Are u vested? Nice moved. Last time i saw it trading .014. Lol
yummysukiyaki ( Date: 22-May-2013 10:57) Posted:
|
New Wave....Huat ahhhhhhhhhhhhh!!!!
Its either swim or sink?
This is outdated liao.
In Feb 2013, they have completed the acquisition of Yess Le Green Pte Ltd and West Themes Pte Ltd as a show to SGX so as to remain listed and wait for the RTO of Hua Cheng Group.
hmphie ( Date: 22-May-2013 08:54) Posted:
|
Did anyone notice this in their EGM circular?
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_B07940282C0116CF48257AB700391477/$file/CTL-EGMCircular15112012.pdf?openelement
2.9 Status as Cash Company
Further to consultation with the Sponsor and the SGX-ST, the Company has been informed that it
will be deemed to be a cash company within the meaning of Rule 1017(1) following the completion
of the Disposal and the Land Purchase. Thereafter, the SGX-ST will suspend trading in the
Company’s securities following the completion.
In accordance with Rule 1017(a) and (b), the Company will thereafter:
(i) place 90% of its cash and short-dated securities in an account opened with and operated by
an escrow agent which is part of a financial institution licensed and approved by MAS. The
amount placed in the escrow account shall not be drawn down until the completion of the
acquisition of a business which is able to satisfy the SGX-ST’s requirements for a new listing,
except for payment of expenses incurred in a reverse takeover approved by shareholders
and pro-rata distributions to shareholders and
16
LETTER TO SHAREHOLDERS
(ii) provide monthly valuation of the Company’s assets and utilisation of cash, and quarterly
updates of milestones in obtaining a new business, to the market via SGXNET.
The Company intends to actively pursue the acquisition of the entire issued and paid-up capital
of Trechance Holdings Limited pursuant to the memorandum of understanding entered into by the
Company (as announced by the Company on 28 September 2012), as well as other acquisition
opportunities in line with the Company’s long term plans and in the area of real estate. The
Company will continue to keep Shareholders updated on a timely basis of the Company’s financial
situation as well as progress in resolving issues the Company may face in order to resume trading.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_B07940282C0116CF48257AB700391477/$file/CTL-EGMCircular15112012.pdf?openelement
2.9 Status as Cash Company
Further to consultation with the Sponsor and the SGX-ST, the Company has been informed that it
will be deemed to be a cash company within the meaning of Rule 1017(1) following the completion
of the Disposal and the Land Purchase. Thereafter, the SGX-ST will suspend trading in the
Company’s securities following the completion.
In accordance with Rule 1017(a) and (b), the Company will thereafter:
(i) place 90% of its cash and short-dated securities in an account opened with and operated by
an escrow agent which is part of a financial institution licensed and approved by MAS. The
amount placed in the escrow account shall not be drawn down until the completion of the
acquisition of a business which is able to satisfy the SGX-ST’s requirements for a new listing,
except for payment of expenses incurred in a reverse takeover approved by shareholders
and pro-rata distributions to shareholders and
16
LETTER TO SHAREHOLDERS
(ii) provide monthly valuation of the Company’s assets and utilisation of cash, and quarterly
updates of milestones in obtaining a new business, to the market via SGXNET.
The Company intends to actively pursue the acquisition of the entire issued and paid-up capital
of Trechance Holdings Limited pursuant to the memorandum of understanding entered into by the
Company (as announced by the Company on 28 September 2012), as well as other acquisition
opportunities in line with the Company’s long term plans and in the area of real estate. The
Company will continue to keep Shareholders updated on a timely basis of the Company’s financial
situation as well as progress in resolving issues the Company may face in order to resume trading.
Good luck last day
Relax. News be out.. v. Soon
bro ballball, its tml trading halt lifted? or issit thurs.. u count monday as 1day cuz it halted before market open??
ballball ( Date: 21-May-2013 20:38) Posted:
|
Hmmm. Tks bro
wah!! u really know how to dig huh? u read listing rules!
u sound like a lawyer
ballball ( Date: 21-May-2013 21:34) Posted:
|
Pls go read SGX-ST listing rules
Practice Notes 13.1
Procedure for Trading Halt and Suspension
Practice Notes 13.1
Procedure for Trading Halt and Suspension
Are you sure it will suspended
Max. can halt for 3 trading days. Tmr will be the 3rd, they nid to announce smthg. Will be suspended if beyond 3 days, think so.
? Lol so u meant to say will suspend la lol
xing78 ( Date: 21-May-2013 20:15) Posted:
|
don't worry it will not halt for too long before it get suspended
alltimehigh ( Date: 21-May-2013 16:09) Posted:
|
How long to HALT trading ?
don't think so la. If wanna dispose share like that better not bring her in mah. She will be in the spotlight and more difficult to do.
Now, as events start to unfold, come to re-think about his move of bringing her in:
1. Intention to bring her in is definitely way before the AGM. Postpone the appointment of his daughter right after the AGM to prevent questioning and unnecessary grilling by shareholders.
2. Something very positive coming and he taking this opportunity to drop his daughter in so as to elevate her profile substantially when this deal pushes thru and shareholders with shut up as long as got $ to make. He will not be grilled on this issue next AGM.
3. If he is not confident of pushing this thru, it may not be wise to parachute his daughter into corporate spotlight and risk her future corporate career reputation in a sinking ship and at the same time putting himself up for though questioning during next years AGM.
dekmelvie ( Date: 20-May-2013 16:22) Posted:
|
SHares with XX=unknown value lol
vw2796 ( Date: 20-May-2013 15:15) Posted:
|