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seanpent ( Date: 16-Sep-2013 15:55) Posted:
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next wish ..... if AdvSCT were to embark on the Iskandar trail like Rowsley or Albedo ?
..... may be if some shareholders can propose the idea ?
run...!!
company will be on watchlist soon..!
hooh8787 ( Date: 27-Aug-2013 22:01) Posted:
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mb7269 ( Date: 13-Sep-2013 12:26) Posted:
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kelvinleow79 ( Date: 13-Sep-2013 12:01) Posted:
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that day got placement news... thought can go up till 0.017
who knows everyday drop..
delete this counter already
Bigmama ( Date: 13-Sep-2013 12:02) Posted:
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kelvinleow79 ( Date: 13-Sep-2013 12:01) Posted:
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mb7269 ( Date: 13-Sep-2013 10:43) Posted:
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I don't get it why private investors are willing to invest in this company.
Didn't they see this company is performing much worse by the day.
I think the private investors get conned by the introducer.
CONVERSION OF SERVICEABLE DEBT
The Board of Directors (?
An aggregate of 1,150,362,207 new shares (?
Board?) of Advance SCT Limited (the ?Company?, and together with its subsidiaries, the ?Group?) refers to the Company?s announcements of 1 March 2013, 15 March 2013, 8 April 2013 and 30 August 2013, in relation to the grant of Conversion Rights for the Serviceable Loan. Following the shareholders? approval obtained on 30 August 2013, some Eligible Creditors had submitted conversion notices in the past one week to capitalise an aggregate of approximately S$10.2 million of the outstanding Serviceable Loan (the ?Conversion?) and the interest accrued therein. The balance of Serviceable Loan outstanding after the Conversion is $23,421,329.68.Conversion Shares?) will be issued and allotted pursuant to the Conversion. The Conversion Shares represent 34.7% of the existing issued share capital of the Company and approximately 25.7% of the enlarged issued share capital of the Company. The Conversion Shares rank pari passu in all respects of the existing issued ordinary shares of the Company and are expected to be listed and quoted on the Singapore Exchange Securities Trading Limited on or around 17 September 2013. The total number of ordinary shares of the Company will be increased from 3,319,876,234 to 4,470,238,441.Financial Effects of the Conversion
NTA
The Conversion would have improved the NTA per Share of the Company from (2.42) Singapore cents to (0.36) Singapore cents, an improvement of approximately 2.06 Singapore cents per Share of the Company as illustrated below:
For illustration purposes only, the following is an analysis of the effects of the Conversion on the NTA per Share:
Before the Conversion as at 31 December 2012
NTA (S$?000) (28,457)
Number of Shares 1,174,571,731
NTA per Share (in cents)
(1) (2.42)Immediately before the Conversion
NTA (S$?000)
Number of Shares
NTA per Share (in cents) (0.80)
(2) (26,457)(3) 3,319,876,234Immediately after the Conversion
NTA (S$?000) (26,457)
Add: Net Proceeds from the Conversion (S$?000) 10,226
Adjusted NTA (S$?000) (16,231)
Number of Shares
NTA per Share (in cents)
(4) 4,470,238,441(5) (0.36)EPS
The Conversion would have improved the EPS of the Company from (0.84) Singapore cents to (0.63) Singapore cents, an improvement of approximately 0.21 Singapore cents per Share of the Company as illustrated below:
Before the Conversion / After the Conversion
EPS of the Company (Singapore cents)
(1) (0.84) (0.63)This counter really cannot make it.
These people are all sleeping at work!!
BBs block at 0.01, accumulating at 0.009 !!?
Out of the 35.294M shares , only 200k done at 0.001
Small matter!
S$750,000 that had allegedly been paid out of NTY in a series of transactions that arose from the Framework Agreement.
The Company and NTY are of the view that the action commenced by the Applicant is unmeritorious and will vigorously defend all allegations made in the same.