Eagle
Stock at 0.07, Cash Distribution at 0.08!!!
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has the S$0.08 DIStributed ALREADY ? ? ? ?
Until nOw ? ? ? ?
is it a SCAM ? ? ? ?
Giving this counter a miss.Buy the share at $0.07
and get cash distribution of $0.08.If it is true, do you
think the share px remain $0.07/$0.075??????
Getting nearer!
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_EC5B9C368F5ACB3B4825775B002D0A1F/$file/Eagle_Brand_Annt_of_remittance_of_part_total_cosideration.pdf
Unless otherwise defined herein, all capitalised terms used in this announcement shall have the
meanings ascribed to them in the circular dated 13 March 2010 to the shareholders of Eagle
Brand Holdings Limited (Company) in relation to the proposed divestment of its equity interest in
its subsidiaries and the proposed capital reorganisation (Circular).
The Board refers to the Circular.
The Board is pleased to announce that on 9 July 2010, Peony has remitted part of the Total
Consideration in the aggregate amount of RMB 157,069,584.69 (equivalent to SGD
32,072,646.22) into Peony’s bank account in Singapore.
The Company is currently in the process of obtaining the relevant governmental approvals
required to complete the transfer procedures of the equity interests of the Subsidiaries to Foshan
Xinli.
The Company will make further announcements in relation to the completion of the said transfer
procedures and the receipt of, the balance payment of the SPA 1, 2 & 3 Consideration, and the
SPA 5 Consideration in due course when appropriate.
By Order of the Board
Dai Feng Xiang
Company Secretary
10 July 2010
all the deal of sp4 n sp5....shld be complete in 120 days ...if i m not wrong......hehehe....i think i read it in they last ann......such a long complicate write up......hehehe.....shld be near liao........
I totally agree with blackstreams explanation.
The so-call catch of this deal, is that it requires the selling off of current assets, which no one knows when it will happen (or if it will actually happen). Apart from the long-term investors, no one would find it useful to park their funds in here indefinitely until news of the sales being concluded. My own personal opinion is that it would be a good idea to treat this as a long-term holding and divest part of your profits from other trades into accumulating this company's shares? At least you are free to do other trades while also not losing out if and when the divestment is made.
blackstreams ( Date: 19-Apr-2010 21:18) Posted:
As the payout of the dividends is only upon the divestment of the remaining assets under SPA 4 and SPA 5, I believe the sellers do not wish to wait until the divestment is complete and just wish to let go of their holdings. This is because their cash is stuck here during the wait, while they feel it might be better invested elsewhere. Those who bought when it was less than 0.075 will probably have taken profits earlier. So these are buyers who probably bought in at 0.075 or 0.08 looking for a quick(er) buck. Cheers.
ppdghius ( Date: 19-Apr-2010 21:08) Posted:
How come there are many lots queuing to sell at 0.08? It doesn't make sense. |
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Alot of bullshit abt this counter.
Where got so good.
Remember no free lunch, hahaha
Cash distribution at 8 cts is indeed very good.
Why no takers??????
Any news abt this counter??????
likely on the way to administration!!!!!
A lot of people is staying on the sideline today.
Until now, the volume has not even reach half of last Friday's volume.
Wapian , so very good and yet nobody
dare to buy. I oso dare not buy.
Buy at $0.07 - $0.075 to get $0.08, why ppls
don't want?????? I still have my doubts.
blackstreams ( Date: 21-May-2010 00:11) Posted:
yummygd - Why do u think this is a pump and dump? Perhaps u might wish to share your reasoning. This dividend deal was announced in black and white on the SGX
announcement boards. While there is a danger they may renege on the
0.08 dividend, there is nothing concrete to dispel this yet. They have also made it clear the whole exercise is to divest their current holdings and convert into a cash company. Rather, the danger will be if they do a China Fish and pay in shares or rights. Cheers.
yummygd ( Date: 20-May-2010 16:20) Posted:
is it like a comfirm thing??I doubt it right? the whole thing was like a maybe? maybe pump n dump haha if it is true den it would be perfec |
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yummygd - Why do u think this is a pump and dump? Perhaps u might wish to share your reasoning. This dividend deal was announced in black and white on the SGX
announcement boards. While there is a danger they may renege on the
0.08 dividend, there is nothing concrete to dispel this yet. They have also made it clear the whole exercise is to divest their current holdings and convert into a cash company. Rather, the danger will be if they do a China Fish and pay in shares or rights. Cheers.
yummygd ( Date: 20-May-2010 16:20) Posted:
is it like a comfirm thing??I doubt it right? the whole thing was like a maybe? maybe pump n dump haha if it is true den it would be perfect
AnthonyTan ( Date: 20-May-2010 15:14) Posted:
So much noises abt this counter last 1-2 mths.
Wat's happening now? Buy $0.075 to get $0.08.?
Tat's a very good deal. |
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is it like a comfirm thing??I doubt it right? the whole thing was like a maybe? maybe pump n dump haha if it is true den it would be perfect
AnthonyTan ( Date: 20-May-2010 15:14) Posted:
So much noises abt this counter last 1-2 mths.
Wat's happening now? Buy $0.075 to get $0.08.?
Tat's a very good deal.
knightbridge ( Date: 09-May-2010 01:20) Posted:
One thing i dont understand.. (if the management have annouce 8 cents cap dis) why didnt they mop up all the shares.. Puzzle... I noe if i am the management i sure buy de.. like buying a company for free man.. Why???
Should they be very confident of a resolution pass.. (any drop below should be a buying opportunity for them, why no takeover deal) .. Usually got bargain, management first to mop up the meat, leaving scraps for retail investor...
I didnt do any homework on this counter, just looking at the thread and think... Seem like a sure deal, what are the risk can any sifu advise.. |
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So much noises abt this counter last 1-2 mths.
Wat's happening now? Buy $0.075 to get $0.08.?
Tat's a very good deal.
knightbridge ( Date: 09-May-2010 01:20) Posted:
One thing i dont understand.. (if the management have annouce 8 cents cap dis) why didnt they mop up all the shares.. Puzzle... I noe if i am the management i sure buy de.. like buying a company for free man.. Why???
Should they be very confident of a resolution pass.. (any drop below should be a buying opportunity for them, why no takeover deal) .. Usually got bargain, management first to mop up the meat, leaving scraps for retail investor...
I didnt do any homework on this counter, just looking at the thread and think... Seem like a sure deal, what are the risk can any sifu advise.. |
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One thing i dont understand.. (if the management have annouce 8 cents cap dis) why didnt they mop up all the shares.. Puzzle... I noe if i am the management i sure buy de.. like buying a company for free man.. Why???
Should they be very confident of a resolution pass.. (any drop below should be a buying opportunity for them, why no takeover deal) .. Usually got bargain, management first to mop up the meat, leaving scraps for retail investor...
I didnt do any homework on this counter, just looking at the thread and think... Seem like a sure deal, what are the risk can any sifu advise..
When can we get the cash?
hehe ........one step closer liao..........
The Directors of Eagle Brand Holdings Limited ("the Company”) are pleased to announce that at the Annual General Meeting ("AGM") of the Company held on 28 April 2010, all resolutions relating to matters set out in the Notice of AGM dated 10 April 2010 were duly passed.