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never consult with sgx whether this kind of proposal can or not before announcement of tis plan. this is call kei kcan.
now price is lower than b4, u call this enhancing shareholder value, shit ...
So, anyone can just buy this stock when halt is lifted and later sell back to company or it is only for existing shareholders only? Tks
CWQuah ( Date: 30-Sep-2009 23:03) Posted:
Just finished reading the announcement for Li Heng. I offer my simpler summary as follows (pls correct my interpretation if it proves to be wrong).
Essentially, existing Li Heng shareholders will be given an amount of shares equal to their holding, at a date to be determined later. These new shares ("Newco shares") are proposed for listing on the Hongkong Stock exchange (SEHK), and hold a nominal value of S$0.42.
The Li Heng shares on SGX will still remain tradable, but will be adjusted to reflect the transfer of assets to the Newco should the Newco shares receive approval for listing on SEHK. For existing investors that do not wish to trade the Newco shares on SEHK, they have the option to sell it back to the company at S$0.42.
In short,
Current Li Heng share value on SGX = Future value of SGX-listed Li Heng shares + Newco share value on SEHK (supported at S$0.42)
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why halt so long
Any news?
funny, it is worst than before announcement of listing
still halted
| Date of Trading Halt * |
05-10-2009 |
| Time of Trading Halt * |
1225 hours |
| Reasons for Trading Halt * |
The reason for the trading halt is due to the pending release of an announcement.
Li Heng Chemical Fibre Technologies Limited (the “Company”) was listed on the Main Board of the Singapore Securities Trading Limited (the “SGX-ST”) on 12 March 2008. The initial public offering of the Company was sponsored by Boulton Capital Asia Pte. Limited (the “Issue Manager”). The Issue Manager assumes no responsibility for the contents of this announcement. |
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Questions
What can happen to disrupt this newco IPO in HK
What is the minimum to get shareholders approval - 75% of total shares votes ??????
HK Stock Exchnage does not apporve ???
ANyone can offer clues
will breach 0.28?
niuyear ( Date: 01-Oct-2009 11:40) Posted:
Some companies holding back listing in hong kong due to market uncertainty, yet, china companies are going forward to do dual listing...wait and see can they perform after lising in hongkong.
previous ocbc target price for this is 0.28. If is shorted down to this price, everyone can buy cheap and sell back to the company at 0.42...
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CWQuah, thanks. I think I will just wait and sell back at $0.42 when the listing in HK is confirmed.
CWQuah ( Date: 01-Oct-2009 23:52) Posted:
Possible reasons why the share price not moving up:
1. Contra period up - this stock was halted on Tuesday 9am; those who bought on Monday on contra would be pressured to sell today (T + 3). Selling pressure.
2. General sentiments - downwards for the moment.
3. The SEHK listing is NOT CONFIRMED yet. So probably some degree of risk aversion crept in.
Anyway, will be monitoring... for now, it's considered a potential play, more from the HK mkt valuation point of view rather than fantastic fundamentals. |
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Possible reasons why the share price not moving up:
1. Contra period up - this stock was halted on Tuesday 9am; those who bought on Monday on contra would be pressured to sell today (T + 3). Selling pressure.
2. General sentiments - downwards for the moment.
3. The SEHK listing is NOT CONFIRMED yet. So probably some degree of risk aversion crept in.
Anyway, will be monitoring... for now, it's considered a potential play, more from the HK mkt valuation point of view rather than fantastic fundamentals.
U will rcv d Instruction in details. But d gist of the Inst would be d same. They would include a statement, if share holder dun opt for transfer holdings to HKSE, then u r deemed accepted d 0.42 offer n u will rcv a cheq on d total proceed, as d due date as stated in d report.
Above is just like SPC episode lately.
Normally, any buying over, there would be up premium for each share, ranging 20-40% for exp. No specific reason why share no sign of moving up. Good luck liao. Cheers.
JenniferLow ( Date: 01-Oct-2009 14:15) Posted:
thks AKFrancis If I dun do anything, then wat happen, the new share go where?
AK_Francis ( Date: 01-Oct-2009 11:09) Posted:
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Tks comrade CW for d shot sum.
Basically, as wat he said, u may sell d existing share back to d coy or let it listed in HKSE. If that so, u need to open HKSE trading acc at your broking hse. Then u can trade LH online with HKSE on d broking hse plateform.
Your portfolio will be managed by your broking hse instead of CDP. Broking hse will charge a mthly levy being as a cusdotian for your foreign stocks. However, d levy will be waived if u do certain amount of trading on d broking hse mthly.
U may login HKSE exch web site to view performance and any news of your stocks.
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Newco will buy over the shares at S$0.42 but I am not seeing the share price moving up much. Can anyone please help to explain?
thks AKFrancis
If I dun do anything, then wat happen, the new share go where?
AK_Francis ( Date: 01-Oct-2009 11:09) Posted:
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Tks comrade CW for d shot sum.
Basically, as wat he said, u may sell d existing share back to d coy or let it listed in HKSE. If that so, u need to open HKSE trading acc at your broking hse. Then u can trade LH online with HKSE on d broking hse plateform.
Your portfolio will be managed by your broking hse instead of CDP. Broking hse will charge a mthly levy being as a cusdotian for your foreign stocks. However, d levy will be waived if u do certain amount of trading on d broking hse mthly.
U may login HKSE exch web site to view performance and any news of your stocks.
JenniferLow ( Date: 01-Oct-2009 10:52) Posted:
experts,
For this new share, where is it hold? Is it still in CDP? how do i sell next time after listed in HK?
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AK,
Thanks for the info. so we can still hold this share? or u suggest to sell now and wait to see later?
just wan to see your view?
AK_Francis ( Date: 01-Oct-2009 11:09) Posted:
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Tks comrade CW for d shot sum.
Basically, as wat he said, u may sell d existing share back to d coy or let it listed in HKSE. If that so, u need to open HKSE trading acc at your broking hse. Then u can trade LH online with HKSE on d broking hse plateform.
Your portfolio will be managed by your broking hse instead of CDP. Broking hse will charge a mthly levy being as a cusdotian for your foreign stocks. However, d levy will be waived if u do certain amount of trading on d broking hse mthly.
U may login HKSE exch web site to view performance and any news of your stocks.
JenniferLow ( Date: 01-Oct-2009 10:52) Posted:
experts,
For this new share, where is it hold? Is it still in CDP? how do i sell next time after listed in HK?
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Some companies holding back listing in hong kong due to market uncertainty, yet, china companies are going forward to do dual listing...wait and see can they perform after lising in hongkong.
previous ocbc target price for this is 0.28. If is shorted down to this price, everyone can buy cheap and sell back to the company at 0.42...
Tks comrade CW for d shot sum.
Basically, as wat he said, u may sell d existing share back to d coy or let it listed in HKSE. If that so, u need to open HKSE trading acc at your broking hse. Then u can trade LH online with HKSE on d broking hse plateform.
Your portfolio will be managed by your broking hse instead of CDP. Broking hse will charge a mthly levy being as a cusdotian for your foreign stocks. However, d levy will be waived if u do certain amount of trading on d broking hse mthly.
U may login HKSE exch web site to view performance and any news of your stocks.
JenniferLow ( Date: 01-Oct-2009 10:52) Posted:
experts,
For this new share, where is it hold? Is it still in CDP? how do i sell next time after listed in HK?
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experts,
For this new share, where is it hold? Is it still in CDP? how do i sell next time after listed in HK?
Just finished reading the announcement for Li Heng. I offer my simpler summary as follows (pls correct my interpretation if it proves to be wrong).
Essentially, existing Li Heng shareholders will be given an amount of shares equal to their holding, at a date to be determined later. These new shares ("Newco shares") are proposed for listing on the Hongkong Stock exchange (SEHK), and hold a nominal value of S$0.42.
The Li Heng shares on SGX will still remain tradable, but will be adjusted to reflect the transfer of assets to the Newco should the Newco shares receive approval for listing on SEHK. For existing investors that do not wish to trade the Newco shares on SEHK, they have the option to sell it back to the company at S$0.42.
In short,
Current Li Heng share value on SGX = Future value of SGX-listed Li Heng shares + Newco share value on SEHK (supported at S$0.42)
at SGX....
maxcty ( Date: 30-Sep-2009 21:14) Posted:
news from? thanks anyway. cheers
ravikp ( Date: 30-Sep-2009 21:05) Posted:
| LI HENG WILL NOT BE DELIST IN SGX...LATEST NEWS.. |
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news from? thanks anyway. cheers
ravikp ( Date: 30-Sep-2009 21:05) Posted:
LI HENG WILL NOT BE DELIST IN SGX...LATEST NEWS...
maxcty ( Date: 30-Sep-2009 20:31) Posted:
| so Li Heng confirm delist? I still have some holdings on this counter sia..
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