Post Reply
81-100 of 676
rabbitfoot ( Date: 29-Oct-2013 18:16) Posted:
|
Ok... issue new shares liao... can push back up le.
The Board of Directors of Transcu Group Limited (the " Company" ) refers to Extraordinary General Meeting of the Company held on 7 November 2012 and subsequent announcements dated 20 November 2012, 1 April 2013, 29 May 2013, 4 June 2013, 12 June 2013, 22 July 2013, 7 October 2013, 10 October 2013 and 23 October 2013 in relation to the Subscriber having subscribed for the aggregate principal amount of S$4,000,000 for the Initial Tranche and an aggregate principal amount of S$4,632,000 on the Subsequent Tranches. Capitalised terms not defined herein shall bear the same meaning ascribed to them in the circular dated 23 October 2012 to the shareholders.
The Board wishes to announce that the Subscriber has on 23 October 2013, in accordance with the Conditions, exercised its right to convert S$100,000 in value of the Convertible Bonds into 17,543,860 new shares of the Company (the ?Converted New Shares?), at the conversion price of S$0.0057 for each Converted New Share. The Converted New Shares were issued and allotted on 25 October 2013 and were listed and quoted for trading on the Main Board of the Singapore Exchange Securities Trading Limited with effect from 9.00 a.m. on 29 October 2013. Following the allotment and issue of the Converted New Shares, the total issued share capital of the Company has increased to 3,808,797,246 fully paid-up ordinary shares.
The Converted New Shares will rank pari passu in all respects with and carry all rights similar to the existing issued shares in the Company. By Order of the Board TRANSCU GROUP LIMITED Lawrence Komo Chief Executive Officer 29 October 2013
mb7269 ( Date: 23-Oct-2013 23:03) Posted:
|
If they know they have 47mil how come they have problem paying rental in japan to the extend of court involvement.
Very fishy le... Everyone thought this company is damn broke..
Pauperman ( Date: 20-Oct-2013 19:45) Posted:
|
1) capital preservation
2)accelerate production of green tech and marketing strategies
3)stop the waste of money (although patent for drugs generate definite income for the company)
UPRR18 ( Date: 20-Oct-2013 19:41) Posted:
|
Reading through some of the comments, found mrwise's comment. I'm just not sure on what basis he said it. Well if what he said is true, we should see a turnaround ... Again I'm not sure how he came to the figure. Haha, maybe he can enlighten us.
Anyway, whatever let watch and see ... what we do know now is est net proceeds $47,520,000 working capital for projects.
mrwise ( Date: 06-Oct-2013 02:15) Posted:
|
Master, agreed with what you said but I'm just not sure how low before BB turn around .... what I do know is the " SUBSCRIBER" ain't stupid. Its principal and sole director is Mr Tan Choon Wee. He is one shrewd investor. He is definitely not going to throw good money away. I was in and sold around 1.1cts and have waited for the clear signal but not going to rush in ... will see how the market play out ... if depress further to 0.5cts and then jeep.
Further to the announcement dated 22 July 2013 on the Term Sheet, the Board wishes to announce that the Company has today entered into a conditional subscription Agreement (the " Subscription Agreement" ) with the ELN Subscriber and Advance Capital Partners Limited (" ACP" ) as the investment manager of the ELN Subscriber pursuant to which the Company proposes to issue to the ELN Subscriber the Notes in three (3) tranches of principal amounts of S$15,000,000 (" Tranche 1 Notes" ), S$15,000,000 (" Tranche 2 Notes" ) and S$20,000,000 (" Tranche 3 Notes" ) respectively. The Notes each comprise of sub-tranches with (i) Tranche 1 Notes comprising fifteen (15) equal sub-tranches of S$1,000,000 each (ii) Tranche 2 Notes comprising ten (10) equal sub-tranches of S$1,500,000 each and (iii) Tranche 3 Notes comprising ten (10) equal sub-tranches of S$2,000,000 each (the " Proposed Issue" ). The Notes will not be listed on the Mainboard of the Singapore Exchange Securities Trading Limited (" SGX-ST" ) and are convertible into new ordinary shares in the capital of the Company upon the terms and conditions of the Subscription Agreement (the " Conversion Shares" ).
Bro UP, don't read too much into SGX approvals. They meant nothing. It is their standard way to approve a request without unreasonably withholding any. So most requests are normally OK-ed.
As for Transcu, the number of new shares subscribed works out to plenty, and could drown the market if released at one go. But of course for this round, I don't think the subscribers want to release them because the price is too cheap.
Nevertheless the way I see it, investors must keep tab on BME because this is going to be the money spinner if successfully marketed and a doomsday for investors if it fails.
Hope the earlier is true, and huat for all shareholders big and small alike. Lol.
UPRR18 ( Date: 19-Oct-2013 17:59) Posted:
|
Can somebody explain, when SGX-ST approved this exercise, I'm sure Transcu has to present the plan for this working capital such as the one that was announced on 18 September 2013.
" FPGPL agreed to collaborate exclusively for the purposes of designing, manufacturing, business development, marketing and commercialization of the battery packs for mobile multimedia, communication and portable electronic devices using the polyimide separator technology with three-dimensional porous structure and related technologies (the " 3DOM Battery" ) currently held by FPGPL through its subsidiary 3DOM Technology Inc. (" 3DOM" )."
And upcoming projects. I am now deliberating how this is going to transform the company. I believe more announcements in on the way
Wah Lau should have entered last Friday ..... if only ,,, you know what i mean .... if only
UPRR18 ( Date: 19-Oct-2013 17:42) Posted:
|
Master, can you explain what the purpose of this exercise that SGX-ST has just approved in principle ?
" where proceeds are to be used for working capital" is it good for this projects and more to come ... just wondering
" The Company will exercise its best endeavours to procure external financing from third party(ies) of an amount no less than US$2,000,000 (the " Loan" ) to be made available to FPGPL and/or 3DOM to fund the designing and developing the sample 3DOM Battery specifically for mobile multimedia, communication and portable electronic device application use."
EZ3626 ( Date: 19-Oct-2013 15:09) Posted:
|
For Transcu, I think the lower the better. At least can give alot of traders enough rooms to hit it big when it comes up with good news on the BME.
The risk is that if it doesn't clinch any good deal, one might have to wait several years to get back the investments. Could be 2 years, could be 8 years and the share price might drop to less than 3 pips. Scary to think of it. Meaning no big contracts and burning dollars.
But if there is recognition for Transcu biomass tech, and orders come in big volumes, then investors could reap big profits.
So loyal investors should keep tab on the company's business and cash flow and question the directors what they are actually doing for the company.
mb7269 ( Date: 17-Oct-2013 23:53) Posted:
|
APPROVAL IN-PRINCIPLE FOR LISTING AND QUOTATION
I. INTRODUCTION
The Board of Directors (the " Board" ) of Transcu Group Limited (the " Company" ) refers to the announcement dated 22 July 2013 on the Term Sheet and the announcement dated 20 August 2013 on the Subscription Agreement (the " 20 August Announcement" ) in relation to the Notes. Unless otherwise defined, all capitalised terms shall be as defined in the 20 August Announcement.
The Board is pleased to announce that the Singapore Exchange Securities Trading Limited (the " SGX-ST" ) has on 18 October 2013 approved in-principle the Company's application for the listing and quotation of :
(a) up to 6,250,000,000 Conversion Shares arising from the conversion of Notes and
(b) up to 55,555,556 new ordinary shares in the capital of the Company to be allotted and issued to the Subscriber (the " Commitment Shares" ) in satisfaction of the Commitment Fee payable by the Company to the Subscriber.
II. CONDITIONS UNDER THE APPROVAL IN-PRINCIPLE
SGX-ST has approved in-principle the listing and quotation of up to 6,250,000,000 Conversion Shares and up to 55,555,556 Commitment Shares subject to the following conditions :
(a) compliance with SGX-ST?s listing requirements
(b) shareholders? approval for the Proposed Issue, the Conversion Shares and the Commitment Shares
(c) a written undertaking from the Company that it will comply with Listing Rule 704(30) and Listing Rule 1207(20) in relation to the use of the proceeds from the Proposed Issue and where proceeds are to be used for working capital purposes, the Company will disclose a breakdown with specific details on the use of proceeds for working capital in the Company's announcements on the use of proceeds and in the annual report
(d) a written confirmation from the Company that it will comply with Listing Rule 803
(e) a written confirmation from the Company that it will not place the Notes, the Conversion Shares and Commitment Shares to persons prohibited under Rule 812(1) of the Listing Manual
(f) a written confirmation from the Company that the terms of the Notes do not permit revision of the exercise price/ratio in any form, other than in compliance with Listing Rule 829(1)
(g) a written confirmation from the Company to announce any adjustment made pursuant to Listing Rule 829(1) and
(h) a written undertaking from the Company that it will comply with Listing Rule 831.
The above in-principle approval of the SGX-ST is not to be taken as an indication of the merits of the Proposed Issue, the Conversion Shares, the Commitment Shares, the Company and/or its subsidiaries.
Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders should consult their stock brokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions they should take.
By Order of the Board
Transcu Group Limited
Lawrence Komo Chief Executive Officer 19 October 2013
0.005 or 0.05 ?
If its 5c, Care to share why 5c?
mb7269 ( Date: 17-Oct-2013 23:53) Posted:
|