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The questions are quite lame. Wish SGX will ask more challenging questions including why they highlighted that their YoY growth would have been 199% under normal operation and does that mean those exceptional items will not be repeated ? Why stated 70% margin if exclude construction activities and if construction activities will continue to be a significant contributor. How much of those were the result of the acquisition of its subcontractor Tongyong and its performance vis a vis what was indicated in the acquition agreement. Such statements are part of responsible reporting and should be grilled and if Hankore mgmt should clarify such statements and their impact on any forecast.
Hankore made the announcement to engage Bank of America - Merrill Lynch to study strategic options available in the lights of 3rd parties expression of interest. While it is highly unlikely that Hankore is interested to sell now but instead may even acquire
more assets as disclosed in its forecast in the FY13 announcement and the fund raising exercise, I feel that as the announcement is material and significant, SGX should query the validity of the earlier announcement and if it is still valid for shareholders consideration. They even advised shareholders to refrain from trading and to consult their brokers !
Hankore made the announcement to engage Bank of America - Merrill Lynch to study strategic options available in the lights of 3rd parties expression of interest. While it is highly unlikely that Hankore is interested to sell now but instead may even acquire
more assets as disclosed in its forecast in the FY13 announcement and the fund raising exercise, I feel that as the announcement is material and significant, SGX should query the validity of the earlier announcement and if it is still valid for shareholders consideration. They even advised shareholders to refrain from trading and to consult their brokers !
Lucky03 ( Date: 10-Sep-2013 01:31) Posted:
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RESPONSE TO THE SGX-ST?S QUERIES REGARDING THE ANNOUNCEMENT MADE BY
THE COMPANY ON 29 AUGUST 2013 (THE ?ANNOUNCEMENT?) RELATING TO THE
COMPANY AND ITS SUBSIDIARIES? (THE ?GROUP?) UNAUDITED RESULTS FOR THE
FINANCIAL YEAR ENDED 30 JUNE 2013 (?FY2013?)
Further to the Announcement, in response to the e-mail queries received from the Singapore
Exchange Securities Trading Limited (the ?SGX-ST?) of 6 September 2013, the Board of
Directors of the Company (the ?Board?) provides the information as set out below:
Query 1
Please disclose a breakdown of the Group?s borrowings and debt securities as required under
Appendix 7.2 paragraph 1(b)(ii) of the Listing Manual.
Company?s Response
Details of any collaterals
The loans are secured by:-
1) Pledging of assets of certain wastewater treatment plants to the relevant financial
institution.
2) Guarantees from a former subsidiary, subsidiaries and a third party.
Query 2
Based on the cash flows from financing activities, we note that the Group recorded proceeds
amounting to S$786,000 from the exercise of warrants in FY2013. Please advise whether
the Company has previously announced the use of proceeds. If yes, please advise the dates
Amount payable w ithin one year or less, or on demand
Secured Unsecured Secured Unsecured
48,794 126,491 54,896 118,940
Amount payable after one year
Secured Unsecured Secured Unsecured
301,211 166,001 260,659 134,512
As at 30 Jun 2013 (RMB'000) As at 30 Jun 2012 (RMB'000)
As at 30 Jun 2013 (RMB'000) As at 30 Jun 2012 (RMB'000)
2
of the announcements. Otherwise, please explain why not.
Company?s Response
As stated in sections 1(c) and 1(d)(ii) of the Announcement, the net proceeds from the
exercise of CB warrants for FY2013 amounted to RMB786,000 (SGD156,513) (the ?Net
Proceeds?), and not S$786,000. Details of the exercise of the CB warrants during FY2013 are
as follows:-
Date of exercise of CB
warrants
Number of CB warrants
exercised at exercise price of
S$0.025 each
Amount (S$)
18 February 2013 5,906,070 147,652
25 April 2013 354,460 8,861
Total: 6,260,530 156,513
As set out above, such CB warrants were exercised over a period of time and the amounts
generated from the exercise of such CB warrants were not substantial. Such Net Proceeds
were disbursed gradually over the course of time for the Company?s working capital purposes,
including payment of salaries and payment of professional fees incurred from time to time.
The use of the Net Proceeds as stated above is in accordance with the intended use of
proceeds from the exercise of the CB warrants as disclosed in the Company?s circular to
shareholders dated 7 December 2009.
BY ORDER OF THE BOARD
Chen Dawei, David
Executive Chairman
9 September 2013
THE COMPANY ON 29 AUGUST 2013 (THE ?ANNOUNCEMENT?) RELATING TO THE
COMPANY AND ITS SUBSIDIARIES? (THE ?GROUP?) UNAUDITED RESULTS FOR THE
FINANCIAL YEAR ENDED 30 JUNE 2013 (?FY2013?)
Further to the Announcement, in response to the e-mail queries received from the Singapore
Exchange Securities Trading Limited (the ?SGX-ST?) of 6 September 2013, the Board of
Directors of the Company (the ?Board?) provides the information as set out below:
Query 1
Please disclose a breakdown of the Group?s borrowings and debt securities as required under
Appendix 7.2 paragraph 1(b)(ii) of the Listing Manual.
Company?s Response
Details of any collaterals
The loans are secured by:-
1) Pledging of assets of certain wastewater treatment plants to the relevant financial
institution.
2) Guarantees from a former subsidiary, subsidiaries and a third party.
Query 2
Based on the cash flows from financing activities, we note that the Group recorded proceeds
amounting to S$786,000 from the exercise of warrants in FY2013. Please advise whether
the Company has previously announced the use of proceeds. If yes, please advise the dates
Amount payable w ithin one year or less, or on demand
Secured Unsecured Secured Unsecured
48,794 126,491 54,896 118,940
Amount payable after one year
Secured Unsecured Secured Unsecured
301,211 166,001 260,659 134,512
As at 30 Jun 2013 (RMB'000) As at 30 Jun 2012 (RMB'000)
As at 30 Jun 2013 (RMB'000) As at 30 Jun 2012 (RMB'000)
2
of the announcements. Otherwise, please explain why not.
Company?s Response
As stated in sections 1(c) and 1(d)(ii) of the Announcement, the net proceeds from the
exercise of CB warrants for FY2013 amounted to RMB786,000 (SGD156,513) (the ?Net
Proceeds?), and not S$786,000. Details of the exercise of the CB warrants during FY2013 are
as follows:-
Date of exercise of CB
warrants
Number of CB warrants
exercised at exercise price of
S$0.025 each
Amount (S$)
18 February 2013 5,906,070 147,652
25 April 2013 354,460 8,861
Total: 6,260,530 156,513
As set out above, such CB warrants were exercised over a period of time and the amounts
generated from the exercise of such CB warrants were not substantial. Such Net Proceeds
were disbursed gradually over the course of time for the Company?s working capital purposes,
including payment of salaries and payment of professional fees incurred from time to time.
The use of the Net Proceeds as stated above is in accordance with the intended use of
proceeds from the exercise of the CB warrants as disclosed in the Company?s circular to
shareholders dated 7 December 2009.
BY ORDER OF THE BOARD
Chen Dawei, David
Executive Chairman
9 September 2013
Mistaken X type as married deal
wendel ( Date: 09-Sep-2013 18:42) Posted:
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Times n Sales got 5.2 mil married deal.
heng didn" t buy this morning....wanted to get @ 54.
A-sonic.. Passed up this stock for more of HK at the start of this year.. Price was almost the same then. One flew up to space, the other sank deep.
Trying to flush out weak holders of the 0.054-0.056 run last Monday.
Jump jump after that. 😝
Jump jump after that. 😝
Wash sales is illegal.. The former directors of Leong Hin got charged for conducting such transactions. Hope these volumes are not a result of that.
Someone is generating the volumes. If you buy or sell, unless you can time and enjoy the 0.1c spread, you will get stuck in the cross fire.
Hoping for some announcement....
no. is sign of boring
cccx123 ( Date: 09-Sep-2013 14:45) Posted:
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You sure ?
halleluyah ( Date: 09-Sep-2013 15:11) Posted:
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tomique boy boy, auntie also vry temp to join u since sti soften liao....
Tomique ( Date: 09-Sep-2013 14:12) Posted:
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Only for those who 'Dare' :)
cccx123 ( Date: 09-Sep-2013 15:01) Posted:
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Let the great shorting begin..
You are surprised!?
sjZheng ( Date: 09-Sep-2013 14:03) Posted:
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My " kachieu jiu" , went to short 600 lots borrowed at 54. Will cover when there is good sign of upsurge or lower.
every counter up this one still same..
YHM
Those who used to short, better think twice or not thrice.
Lucky03 ( Date: 09-Sep-2013 12:26) Posted:
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5.3 well absorbed. Those q at 5.4 should just sell to the buy q so that it can move on.
Lucky03 ( Date: 09-Sep-2013 12:22) Posted:
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