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RTO by International City Development
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crazy_fave
Member |
04-Dec-2008 09:31
Yells: "crazy_fave" |
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Two months have passed since the last quarter. Why is there no update from Carats? |
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zhuge_liang
Supreme |
24-Oct-2007 19:56
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Carats said that 4 of its former senior executives were arrested by Hong Kong's anti-corruption body and released on bail pending further investigations. The company said in a statement that its board had received a copy of a letter from the Corrupt Practices Investigation Bureau to SGX dated Oct 23 which said that Pat Y Mah, Chow Yiu-man and Rose Chow, who are former directors of Carats, and Leong Kwok-wah, a former CFO, were arrested by Hong Kong's Independent Commission Against Corruption (ICAC) on Sep 24, and that these persons have been released on ICAC bail. |
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zhuge_liang
Supreme |
10-Oct-2007 00:48
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Carats is set to have a new substantial shareholder. It has been informed that Cross Knight Group has entered into agreements to buy about 30.08m shares in Carats. This works out to about a quarter of its issued share capital. Carats said that it received a letter from Cross Knight on Fri wishing to put forward four individuals for nomination as directors. It said that it is 'considering the letter'. |
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zhuge_liang
Supreme |
09-Jul-2007 23:17
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The RTO fell through. The company is continuing the search for RTO opportunities. |
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zhuge_liang
Supreme |
26-Jun-2007 21:12
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It has inked a memorandum of intent with Citra International Investment for a reverse takeover offer worth at least US$300 million. Carats said in a statement it would acquire the entire share capital of International City Development Pte Ltd, a unit of Citra and a leading township developer in IndoChina. Carats said it would issue new shares at between $0.07 to $0.08 each as part of the deal, resulting in a reverse takeover of the firm. |
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