ShareJunction - Member Posts

Back

Latest Posts By vw2796 - Senior

About vw2796

First 1-20 of 305 Older> Last

01-Aug-2013 16:17

Oceanus / OCEANUS (No.1 in abalone farming): Venturing into

Go to Message

x 0

gan! i backside itchy go subscribe for extra rights! pooi!

merlin_magic ( Date: 01-Aug-2013 15:52) Posted:

It is even lower than the right issues price...hahaha...luckily I never subscribe for it ...

Good Post Bad Post

28-Jun-2013 09:10

Renaissance United / Neglected, Illiquid, Undervalue, Recovery counter

Go to Message

x 0

based on shareinvestor.com's ValueXpert screener : $0.01

gohuatah ( Date: 26-Jun-2013 17:13) Posted:

Who can calculate the intrinsic value of this stock...Mind to share!!!

sk6666 ( Date: 26-Jun-2013 17:07) Posted:

Well said!

Good Post Bad Post

17-Jun-2013 12:44

Oceanus / OCEANUS (No.1 in abalone farming): Venturing into

Go to Message

x 0

what about trading (selling) on 17 and 18/6 or even 19/6 early? since the recording is only done on 19/6 to determine the entitlement...

teeth53 ( Date: 15-Jun-2013 20:46) Posted:

Book closed on 19 June 2013 to determining the provisional allotments of rights shares of Shareholders under the rights issue.

Ex-right is on Monday morning 17 June 2013 9 am.

teeth53 ( Date: 07-Jun-2013 22:57) Posted:

Issue Price of S$0.029 for each Rights Share represents a discount of:-

(a) approximately 42.0% to the closing price of S$0.050 per Share on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 6 June 2013, being the last trading day prior to the date of this announcement and

(b) approximately 34.4% to the theoretical ex-rights price of S$0.0442 per Share.

Based on an Issue Price of S$0.029 and 1,001,752,020 Rights Shares, the estimated net proceeds of the Rights Issue, after deducting estimated expenses of approximately S$797,000, is expected to be approximately S$28,253,000 (“Net Proceeds”). The Company intends to utilise the Net Proceeds as follows...

Entitled Shareholders, - notice. The Company will be closed at 5.00 p.m. (Singapore time) on 19 June 2013 for the purpose of determining the provisional allotments of Rights Shares to Shareholders under the Rights Issue other than

Shareholders whose registered addresses with Company or with CDP, as the case may be, outside S'pore and who have not, at least three (3) Market Days prior to the Books Closure Date provided to the Company or CDP, as the case may be...

IndicativeTimetable Oceanus_Announcement_of_Rights_Issue_Final.pdf

Shareholders should take note of the following important dates and times relating to the Rights Issue...

Good Post Bad Post

04-Jun-2013 00:55

InnoPac / Innopac to follow Blumount Trend.. 0.20 soon

Go to Message

x 0

all my innopac shares are being lent out by cdp. many shorting going on.

Tlc8888 ( Date: 03-Jun-2013 22:35) Posted:

Merlin shareholders who exchanged their shares to Innopac shares were cashing out their shares. That's why the price is going down. Unless they hold the Innopac shares after exchange, the price will keep going down gradually. Supply is more than demand. Probably there were not many buyers at the moment to stand the selling volume.

strongman ( Date: 03-Jun-2013 20:22) Posted:

precisely.really dont understand what is happening to innopac. innopac is so bearish while the other company, Blumont is charging like a bull.

Good Post Bad Post

26-May-2013 17:36

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

The 2 cents is CONFIRMED. Only the number of shares will vary. Bear in mind that this is a RTO aka backdoor listing of HUA CHENG GROUP. This is totally different from normal placement shares where the company issue placement shares to strategic investors usually at a discount to avg traded price. In this case, we are valuing HUA CHENG instead of CEDAR. It is actually HUA CHENG injecting business into CEDAR.

Cedar is dead. Hua Cheng is actually just using Cedar's corpse to live in the public listed world. Very soon, after the rto, Cedar will change name to Hua Cheng....

The share price is actually meaningless. Cedar is no different from Digiland if this RTO fails....

nqing87 ( Date: 25-May-2013 15:47) Posted:

hi bro, thanks for the reply.. this 2 cents that was proposed is not finalized yet right? in the scenario (just if) where investors somehow did not show interest in this rto, and that the price of cedar remains way below 2 cents, wouldnt that mean the vendor will be at disadvantage? the best scenario for vendor is that cedar price chiong way above the 2 cents proposed, and then when everything goes through well, they will be able to make money when they sell cedar shares..

Cedar101 ( Date: 25-May-2013 12:28) Posted:

Provided meeting all conditions, 2 cents was what agreed between both willing seller and willing buyer., it does not matter what is the market price at the time of the new shares being issue (at 0.20 after 10 to 1 consolidation). If the price is below 0.20, vendor is not likely to sell since it will be below their latest valuation, unless there are other compelling reason to cash out. Therefore, we can reasonably anticipate that in the short term by end 2013, Cedar should work towards 0.20c (after consolidation). The real result and benefit of this purchase will only show after one year of operations, but quarterly results will continue to give indication of how the integration is progressing and if there is any new issue not uncover before. How much returns can an investor expect from a 1c counter? Will it still run after 2013 (so call the year of equity) To me, most importantly is the national plan of the chinese government, and the confidence of the Cedar management to deliver. The day Cedar is able to declare a dividend for their shareholders, it will be a totally different ballgame..... Look at Freight Link, rise up from 1c, and can even declared regular dividends over the years, I would think Cedar can rise faster once the sail is set in place.

Good Post Bad Post

23-May-2013 15:36

Renaissance United / Neglected, Illiquid, Undervalue, Recovery counter

Go to Message

x 0

got roast pork?

ace333 ( Date: 23-May-2013 15:34) Posted:

tis supposedly his thread mah....IPCO his baby mah.......talk here must first offer 3 joss stick respect mah....LOL....

srichipan ( Date: 23-May-2013 15:30) Posted:

wah. it's been one month and you still think about him? either you love him or hate him too much.

Good Post Bad Post

23-May-2013 13:24

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

Whether successful or not, difficult to say. But one thing for sure is, there is nothing to do with the price tag. Hua Cheng will be paid 'consideration shares' N not cash. If I din remember wrongly,there is aalso a peg. So anything up/down in Hua Cheng valuation, the number of consideration shares will adjust accordingly.

nqing87 ( Date: 23-May-2013 12:39) Posted:

is there a chance that this rto will go through successfully? 900million is not a small sum for this small penny company.. they need some investors to buy in their new placement shares

Good Post Bad Post

22-May-2013 19:11

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

Oh. Is it? Outside now, might have missed that part...

mlfbac ( Date: 22-May-2013 18:24) Posted:

$0.028 ..greedy??? Bro.. u kidding right?

The for illustration only document....estimate the NTA post rto n share consolidation is 10.19 RMB per share ..which is approximately S$0.20 per current non consolidated share...

Am I right????

vw2796 ( Date: 22-May-2013 18:03) Posted:

$0.02 valued@70% of RNAV.

that means if fully valued is $0.028 ?

greedy me.... Smiley

Good Post Bad Post

22-May-2013 18:03

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

$0.02 valued@70% of RNAV.

that means if fully valued is $0.028 ?

greedy me.... Smiley

Good Post Bad Post

22-May-2013 17:09

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

everyone huat ah!

Think Cedar101 will nett $120k from this if open 0.02 tomorow Smiley

(I last remember he declare 12k lots)

Good Post Bad Post

22-May-2013 17:01

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

CEDAR STRATEGIC HOLDINGS LTD.
(Incorporated in the Republic of Singapore)
(Company Registration No. 198003839Z)
PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF
TRECHANCE HOLDINGS LIMITED
1. INTRODUCTION
The Board of Directors (the “Board”) of Cedar Strategic Holdings Ltd. (the “Company” and
together with its subsidiaries, the “Group”) refers to the Company’s announcement dated
28 September 2012 (the “MOU Announcement”) in relation to the memorandum of
understanding entered into by the Company with Talented Creation International Limited
(the “Vendor”) for the proposed acquisition (the “Proposed Acquisition”) of the entire
issued and paid-up share capital of Trechance Holdings Limited (“Trechance”).
Further to the MOU Announcement, the Board wishes to announce that the Company has
on 22 May 2013, entered into a conditional sale and purchase agreement (the “Sale and
Purchase Agreement”) with the Vendor pursuant to which the Company shall acquire
from the Vendor the entire issued and paid-up share capital of Trechance, for a
consideration of S$936,212,000, subject to adjustment as set out in Paragraph 3.2 of this
Announcement (the “Consideration”), to be satisfied in full by the issue and allotment of
new ordinary shares in the Company (the “Consideration Shares”).
The Proposed Acquisition, if undertaken and completed, will result in a “very substantial
acquisition” or “reverse takeover” of the Company as referred to in Chapter 10 of the
Listing Manual, Section B: Rules of Catalist (the “Listing Manual”) of the Singapore
Exchange Securities Trading Limited (the “SGX-ST”).

2. THE VENDOR AND THE HUA CHENG GROUP
The information in Paragraph 2 of this Announcement was provided by the Vendor.
2.1 Information relating to the Hua Cheng Group
Trechance is an investment holding company incorporated in Hong Kong. It has an issued
and paid-up share capital of HK$10,000 comprising 10,000 ordinary shares.
Trechance and its subsidiaries (collectively, the “Hua Cheng Group”, and each company a
“Hua Cheng Group Company”) are primarily involved in the business of property
development in the People’s Republic of China (“PRC”). The Hua Cheng Group is a
property developer with a large asset base in Guizhou Province, PRC, and has, at the date
hereof, completed more than twelve property development projects. It also has
properties held for investment which generated rental income of RMB85.0 million for the
financial year ended 31 December 2012 (“FY2012”). In addition, the Hua Cheng Group has
an estimated gross floor area of more than 4.9 million square metres of properties which
are under development and/or held for future development.
Please refer to the Appendix of this Announcement for the financial highlights of the Hua
Cheng Group. Further details relating to the history, business and operations of the Hua
Cheng Group will be included in the circular to be despatched by the Company to the
Company’s shareholders (the “Shareholders”) in connection with the Proposed
Acquisition (the “Circular”).
2.2 Information relating to the Vendor
As at the date hereof, the Vendor is the legal and beneficial owner of the entire issued and
paid-up share capital of Trechance. The Vendor is beneficially owned by Ms Ji Lei, the
daughter of Mr Ji Yu Dong.

3 KEY TERMS OF THE PROPOSED ACQUISITION
3.1 Proposed Acquisition
Pursuant to the Sale and Purchase Agreement, the Company has agreed to acquire and
the Vendor has agreed to sell the entire issued and paid-up share capital of Trechance (the
“Sale Shares”), free from all encumbrances and together with all rights and benefits of any
nature now or hereafter attaching thereto.
3.2 Consideration
Subject to adjustment as set out below, the Consideration payable by the Company for
the Sale Shares is S$936,212,000, which is equivalent to approximately seventy per cent
(70%) of the indicative realisable net asset value (“RNAV”) of the Hua Cheng Group as at
30 November 2012, and shall be satisfied on completion of the Proposed Acquisition
(“Completion”) by the issue and allotment to the Vendor (or its designated nominees as it
may direct) of 46,810,600,000 new Shares (“Consideration Shares”) (fractional
entitlement disregarded) at the issue price of S$0.02 per Consideration Share on a preshare
consolidation basis (the “Issue Price”).
The Company and the Vendor have agreed that the final Consideration shall be fixed at
seventy per cent (70%) of the RNAV of the Hua Cheng Group as at 30 June 2013, based on
the valuation by an independent market valuer (the choice of whom shall be at the
Company’s discretion). The Company has appointed Jones Lang LaSalle Corporate
Appraisal and Advisory Limited as the independent valuer to carry out property valuations
as at 30 June 2013 to determine the RNAV of the Hua Cheng Group as at 30 June 2013.
The Consideration was arrived at after arm’s length negotiations, on a willing-buyer,
willing-seller basis, taking into account, inter alia, the following factors:
(a) the indicative RNAV of the Hua Cheng Group of approximately RMB6.7 billion as at
30 November 2012
(b) the Issue Price of S$0.02 per Consideration Share (on a pre-share consolidation
basis) represents a premium of approximately 219.8% against the volume-weighted
average share price of the Company of approximately S$0.0091 for 17 May 2013,
the market day prior to the trading halt and
(c) the track record and the business prospects of the Hua Cheng Group, and the
rationale for the Proposed Acquisition as set out in Paragraph 5 of this
Announcement.
The Company and the Vendor have further agreed that the final number of Consideration
Shares to be issued to the Vendor (or its designated nominees as it may direct) shall be
determined after the final Consideration is adjusted by setting off the amount of the
outstanding loan from the Company to Trechance (including all accumulated interest) as
well as the sum of RMB80,000,000 previously paid by the Company for the 25% economic
interest in a piece of land located at Kaiyang County, Guizhou Province, owned by Guiyang
Shengxiang Investment Management Co., Ltd. (贵阳盛祥投资管理有限公司 )

Good Post Bad Post

22-May-2013 16:55

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

out!!

Good Post Bad Post

22-May-2013 16:46

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

impossible. too close to closing liao.

ballball ( Date: 22-May-2013 16:42) Posted:

Ah xiang, are u saying " Expect the unexpected" ? This quote sounds familar?

Xiang90 ( Date: 22-May-2013 16:38) Posted:

i'm thinking of possible happenings...... like last 15 mins release announcement, last 10mins unhalt.... than good news = buy buy buy buy than close high. tml chiongggggggggg LOL.

Good Post Bad Post

22-May-2013 12:08

Renaissance United / Undervalued

Go to Message

x 0

this volume is less than 0.5% of its peak on 14feb ley

srichipan ( Date: 22-May-2013 11:25) Posted:

volume so high. something brewing

Good Post Bad Post

22-May-2013 11:48

Renaissance United / Neglected, Illiquid, Undervalue, Recovery counter

Go to Message

x 0

kopi time for ace333 Smiley

guoyanyunyan ( Date: 22-May-2013 11:41) Posted:

...wow ... touch $0.030 .... record high of the month .... Smiley

Good Post Bad Post

22-May-2013 11:47

Midas / Midas

Go to Message

x 0

IMO, news reports is a tool used to distract retailer. It will be stupid for BBs to do accumulation after bullish reports are released and vice versa. Accumulation phase usually starts after bearish reports are released followed by shake outs of weak holders and a period of quiet and low activities. Distribution usually occur AFTER bullish reports. Unless unforeseen events happen....

Peter_Pan ( Date: 20-May-2013 14:21) Posted:

Peter_Pan ( Date: 18-May-2013 05:49) Posted:

I also think that they are distributing. Midas' report card is getting from bad to worse...very unlikely that they will be accumulating.

Good Post Bad Post

22-May-2013 09:09

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

This is outdated liao.

In Feb 2013, they have completed the acquisition of Yess Le Green Pte Ltd and West Themes Pte Ltd as a show to SGX so as to remain listed and wait for the RTO of Hua Cheng Group.

hmphie ( Date: 22-May-2013 08:54) Posted:

Did anyone notice this in their EGM circular?
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_B07940282C0116CF48257AB700391477/$file/CTL-EGMCircular15112012.pdf?openelement

2.9 Status as Cash Company
Further to consultation with the Sponsor and the SGX-ST, the Company has been informed that it
will be deemed to be a cash company within the meaning of Rule 1017(1) following the completion
of the Disposal and the Land Purchase. Thereafter, the SGX-ST will suspend trading in the
Company’s securities following the completion.
In accordance with Rule 1017(a) and (b), the Company will thereafter:
(i) place 90% of its cash and short-dated securities in an account opened with and operated by
an escrow agent which is part of a financial institution licensed and approved by MAS. The
amount placed in the escrow account shall not be drawn down until the completion of the
acquisition of a business which is able to satisfy the SGX-ST’s requirements for a new listing,
except for payment of expenses incurred in a reverse takeover approved by shareholders
and pro-rata distributions to shareholders and
16
LETTER TO SHAREHOLDERS
(ii) provide monthly valuation of the Company’s assets and utilisation of cash, and quarterly
updates of milestones in obtaining a new business, to the market via SGXNET.
The Company intends to actively pursue the acquisition of the entire issued and paid-up capital
of Trechance Holdings Limited pursuant to the memorandum of understanding entered into by the
Company (as announced by the Company on 28 September 2012), as well as other acquisition
opportunities in line with the Company’s long term plans and in the area of real estate. The
Company will continue to keep Shareholders updated on a timely basis of the Company’s financial
situation as well as progress in resolving issues the Company may face in order to resume trading.

Good Post Bad Post

21-May-2013 21:39

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

wah!! u really know how to dig huh? u read listing rules! Smiley

u sound like a lawyer Smiley

ballball ( Date: 21-May-2013 21:34) Posted:

Pls go read SGX-ST listing rules
Practice Notes 13.1
Procedure for Trading Halt and Suspension

Good Post Bad Post

21-May-2013 20:14

Renaissance United / Undervalued

Go to Message

x 0

share consolidation??!!! that doesn't sound good news to me....price usually fall after share consolidation....

sololemontang ( Date: 21-May-2013 19:41) Posted:

6mil investment in the US property markets with a 50%-200% upside within 6-12mths still does wonders for IPCO botom line.

However, i do not think they will pump anymore money in the US property markets. It is probably an opportunistic purchase with some developer whos desperate for investment to keep afloat. That being said, it must be a bargain when they entered this contract. We have to wait for details on this development. A development in Washington State is a good choice. Be sure it is not Washington D.C, but Washington state where Seattle is their largest city. Many MNCs have their headquarters there, be it Microsoft and Amazon. That being said, I believe their property investment has to be sound and not speculative. There should be some form of 'support'.

As mentioned above, this investment in US will probably be once off due to the atractive proposition they got. Furthermore, tehy wouldnt get a big time lawyer to invest in the company. I reckon if they go for property it would be within the Johor (Iskandar) or some other Asian nation. Do not forget Ibrahim's law firms operates extensively in the Asian region. But because he has a personal stake in IPCO, and also his 'connections', a property deal in Malaysia is more than likely.

IPCO obviously has alot of BBs playing it, preventing it from both running up, and going down. But given time, they seem to be preparing for a big run up. Probably alot of insiders know what the plans are, and the BBs are artificially preventing these small time insiders from pushing the price higher.

Oh, not to forget, I can almost bet ALL my current hodlings in IPCO would soon do a share consolidation to make themselves more attractive as opposed to be such a penny stock! mark my words...

Good Post Bad Post

20-May-2013 16:39

Cedar Strategic / CEDAR TUA HUAT

Go to Message

x 0

x 1

don't think so la. If wanna dispose share like that better not bring her in mah. She will be in the spotlight and more difficult to do.

Now, as events start to unfold, come to re-think about his move of bringing her in:

1. Intention to bring her in is definitely way before the AGM. Postpone the appointment of his daughter right after the AGM to prevent questioning and unnecessary grilling by shareholders.

2. Something very positive coming and he taking this opportunity to drop his daughter in so as to elevate her profile substantially when this deal pushes thru and shareholders with shut up as long as got $ to make. He will not be grilled on this issue next AGM.

3. If he is not confident of pushing this thru, it may not be wise to parachute his daughter into corporate spotlight and risk her future corporate career reputation in a sinking ship and at the same time putting himself up for though questioning during next years AGM.

dekmelvie ( Date: 20-May-2013 16:22) Posted:

SHares with XX=unknown value lol

vw2796 ( Date: 20-May-2013 15:15) Posted:

what is " S H X X" ??:-

Good Post Bad Post

First 1-20 of 305 Older> Last

ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.