1	Date of Purchases	16-12-2009
2a	Total number of shares purchased	106,000
2b	Number of shares cancelled	106,000
2c	Number of shares held as treasury shares	0
3a	Price paid per share# or	Currency : S$   Amount : 0.340	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 0.340	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 0.340	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 36,154.73	Currency : [Select Currency]   Amount :

(C) Cumulative Purchases

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cumulative no. of shares purchased to-date 2	39,212,000	3.97	0	0	39,212,000	3.97

 

1	Date of Purchases	07-07-2008
2a	Total number of shares purchased	2,414,000
2b	Number of shares cancelled	2,414,000
2c	Number of shares held as treasury shares	0
3a	Price paid per share# or	Currency : S$   Amount : 0.36983	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 0.370	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 0.365	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 895,611.52

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cumulative no. of shares purchased to-date 2	79,602,000	7.34	0	0	79,602,000	7.34

 

1	Date of Purchases	04-07-2008
2a	Total number of shares purchased	1,420,000
2b	Number of shares cancelled	1,420,000
2c	Number of shares held as treasury shares	0
3a	Price paid per share# or	Currency : S$   Amount : 0.36500	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 0.365	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 0.360	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 519,949.88	Currency : [Select Currency]   Amount :

(C) Cumulative Purchases

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cumulative no. of shares purchased to-date 2	77,188,000	7.11	0	0	77,188,000	7.11

 

they've been massively buying back. coy is trading at NAV value now, actually.

 

1	Date of Purchases	26-06-2008
2a	Total number of shares purchased	543,000
2b	Number of shares cancelled	543,000
2c	Number of shares held as treasury shares	0
3a	Price paid per share# or	Currency : S$   Amount : 0.38000	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 0.380	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 0.380	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 206,996.83	Currency : [Select Currency]   Amount :

By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cumulative no. of shares purchased to-date 2	75,768,000	6.98	0	0	75,768,000	6.98

I.

Maximum number of shares authorised for purchase*

108,487,545

 

1	Date of Purchases	25-06-2008
2a	Total number of shares purchased	609,000
2b	Number of shares cancelled	609,000
2c	Number of shares held as treasury shares	0
3a	Price paid per share# or	Currency : S$   Amount : 0.38000	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 0.385	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 0.380	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 232,156.67	Currency : [Select Currency]   Amount :

# Specify currency

II.

Purchases made by way of off-market acquisition on equal access scheme?

No

(C) Cumulative Purchases

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cumulative no. of shares purchased to-date 2	75,225,000	6.93	0	0	75,225,000	6.93

 

All except 10 lots were share buyback.

 

1	Date of Purchases	24-06-2008
2a	Total number of shares purchased	1,415,000
2b	Number of shares cancelled	1,415,000
2c	Number of shares held as treasury shares	0
3a	Price paid per share# or	Currency : S$   Amount : 0.37956	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 0.380	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 0.375	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 538,787.05	Currency : [Select Currency]   Amount :

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cumulative no. of shares purchased to-date 2	74,616,000	6.88	0	0	74,616,000	6.88

 

1	Date of Purchases	20-06-2008
2a	Total number of shares purchased	2,512,000
2b	Number of shares cancelled	2,512,000
2c	Number of shares held as treasury shares	0
3a	Price paid per share# or	Currency : S$   Amount : 0.37901	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 0.380	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 0.370	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 955,103.80	Currency : [Select Currency]   Amount :

# Specify currency

II.

Purchases made by way of off-market acquisition on equal access scheme?

No

If answer to the above question is Yes, please fill in the following :

		Singapore Exchange	Overseas Exchange
1	Date of Purchases
2a	Total number of shares purchased
2b	Number of shares cancelled
2c	Number of shares held as treasury shares
3	Price paid or payable per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :

# Specify currency

(C) Cumulative Purchases

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cumulative no. of shares purchased to-date 2	73,201,000	6.75	0	0	73,201,000	6.75

1 Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution 2 From the date on which the share buy-back mandate is obtained

 

1.

Date of change of Interest

20-06-2008

2.

The change in the percentage level

From 46.10 % To 46.33 %

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	As a result of a Share Buy Back by Chuan Hup Holdings Limited of an aggregate of 4,909,000 shares between 3 June 2008 to 20 June 2008.

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

The change in percentage level is the result of a series of transactions.

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	316,823,990	151,835,500
As a percentage of issued share capital	31.17 %	14.94 %
No. of shares held after the change	316,823,990	151,835,500
As a percentage of issued share capital	31.32 %	15.01 %

 

Date of change of Deemed Interest 20-06-2008 2. The change in the percentage level From 14.00 % To 15.01 % 3. Circumstance(s) giving rise to the interest or change in interest # Others # Please specify details As a result of the Share Buy Back by Chuan Hup Holdings of an aggregate of 73,201,000 shares between 14 November 2007 to 20 June 2008. 4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The Change in the percentage level is the result of a series of transactions. >> PART IV 1. Holdings of Substantial Shareholder , including direct and deemed interest : Direct Deemed No. of shares held before the change 0 151,835,500 As a percentage of issued share capital 0 % 14.00 % No. of shares held after the change 0 151,835,500 As a percentage of issued share capital 0 % 15.01 %

 

1	Date of Purchases	19-06-2008
2a	Total number of shares purchased	689,000
2b	Number of shares cancelled	689,000
2c	Number of shares held as treasury shares	0
3a	Price paid per share# or	Currency : S$   Amount : 0.37421	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : S$   Amount : 0.375	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : S$   Amount : 0.370	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 258,651.43	Currency : [Select Currency]   Amount :

# Specify currency

II.

Purchases made by way of off-market acquisition on equal access scheme?

No

If answer to the above question is Yes, please fill in the following :

		Singapore Exchange	Overseas Exchange
1	Date of Purchases
2a	Total number of shares purchased
2b	Number of shares cancelled
2c	Number of shares held as treasury shares
3	Price paid or payable per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :

# Specify currency

(C) Cumulative Purchases

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cumulative no. of shares purchased to-date 2	70,689,000	6.52	0	0	70,689,000	6.52

 

Co. has been aggressively buying back shares.

However, between 4 - 10 June (inclusive), there were no buy back and the average daily vol was 351.8 lots.

On 12 and 13 Jun, there were no Buy Back and ave daily vol was 2,600 lots and price was pushed up to 37.5c.

There may be something brewing......worth keeping a watch on this stock. FY end is 30 June.

 

Max authorised Buy Back is 108,484,545 shares.

Purchased to date is 68,292,000

Think it works out to about 63%...give or take a couple o tenth of a percent?

Luostock      ( Date: 01-Jun-2008 15:48) Posted: Hi shpalyer, To date, they have bought back about 6.3% NOT 63% of the authorised buy back.

 

Hi shpalyer, To date, they have bought back about 6.3% NOT 63% of the authorised buy back.

 

Yeah, Co has been very active in share buyback. To date, they have bought back about 63% of the authorised buy back.

Most of the daily trade is due to share buyback....Fri buy back is almost 80% of total transaction.

Not sure why Co. is so active in buy back. Could be for the following reasons:

1. To strenghten their grip on the Co. My estimate is when by back is complete, the Pehs will control about 48+% of the company. Buy back shares are cancelled......thereby reducing total number of issued shares.
2. The buy back is to support the price. The Pehs may not want the price to fall below about 36c if they were financed in the general offer last year. 

Anyone other opinions/views?

 

 

Share buyback was 1086 lots ....about 64% of total volume.