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Liang Huat
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doctor2a
Member |
30-Aug-2007 09:25
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can buy or not ? |
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m2d4pc
Member |
29-Aug-2007 23:43
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Got this news from CNA: Read carefully : millions of shares have been issued at dirt cheap price : they are selling at good margin now: CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED (1) ALLOTMENT AND ISSUANCE OF UP TO 19,500,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT AN ISSUE PRICE OF $0.00015 EACH IN CONNECTION WITH (I) THE MODIFIED SCHEME OF ARRANGEMENT BETWEEN THE COMPANY AND ITS SCHEME CREDITORS; AND (II) THE MODIFIED SCHEME OF ARRANGEMENT BETWEEN LIANG HUAT ALUMINIUM INDUSTRIES PTE LTD AND ITS SCHEME CREDITORS (2) ALLOTMENT AND ISSUANCE OF UP TO 2,000,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT AN ISSUE PRICE OF $0.0015 EACH TO HO LEE GROUP PTE LTD AND THE CO-INVESTOR UPON COMPLETION OF THE INVESTMENT AGREEMENT REPRESENTING 70% OF THE ENLARGED SHARE CAPITAL OF THE COMPANY, FOR AN AGGREGATE CASH CONSIDERATION OF $3,000,000 (3) THE GRANT OF AN OPTION TO HO LEE GROUP PTE LTD TO CONVERT $1,250,000 OF THE INVESTMENT AMOUNT INTO UP TO 840,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY UPON NON-COMPLETION OF THE INVESTMENT AGREEMENT AND THE ALLOTMENT AND ISSUANCE OF UP TO 840,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT AN ISSUE PRICE OF $0.0015 EACH TO HO LEE GROUP PTE LTD, REPRESENTING 29% OF THE ENLARGED SHARE CAPITAL OF THE COMPANY AT THE TIME OF THE ALLOTMENT AND ISSUANCE OF SUCH SHARES, UPON EXERCISE OF THE SAID OPTION (4) WHITEWASH RESOLUTION FOR THE WAIVER BY THE COMPANY'S INDEPENDENT SHAREHOLDERS OF THEIR RIGHT TO RECEIVE A MANDATORY GENERAL OFFER FROM HO LEE GROUP PTE LTD AND ITS CONCERT PARTIES UPON COMPLETION OF THE INVESTMENT AGREEMENT (5) WHITEWASH RESOLUTION FOR THE WAIVER BY THE COMPANY'S INDEPENDENT SHAREHOLDERS OF THEIR RIGHT TO RECEIVE A MANDATORY GENERAL OFFER FROM MALAYAN BANKING BERHAD AND ITS CONCERT PARTIES UPON NON-COMPLETION OF THE INVESTMENT AGREEMENT (6) CAPITAL REDUCTION OF THE SHARE CAPITAL OF THE COMPANY (7) CONSOLIDATION OF EVERY 10 ORDINARY SHARES INTO 1 ORDINARY SHARE IN THE COMPANY PURSUANT TO AND IN CONNECTION WITH A SCHEME OF ARRANGEMENT UNDER SECTION 210 OF THE COMPANIES ACT, CHAPTER 50 (  ALLOTMENT AND ISSUANCE OF UP TO 55,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT AN ISSUE PRICE OF $0.00015 EACH TO THE CREDITORS REPRESENTING APPROXIMATELY 0.19% OF THE ENLARGED SHARE CAPITAL OF THE COMPANY, FOR THE CONVERSION OF DEBT OF $919,693 OWING BY THE COMPANY TO THE CREDITORS (9) MANDATE PLACEMENT EXERCISE (10) NEW SHARE ISSUE MANDATE (11) AMENDMENT TO THE EXISTING MEMORANDUM OF ASSOCIATION OF THE COMPANY AND ADOPTION OF THE NEW ARTICLES OF ASSOCIATION OF THE COMPANY (12) NEW SHAREHOLDERS' MANDATE FOR INTERESTED PERSON TRANSACTIONS They pay 15 cts to buy 1,000 shares = 1 lot. We must pay 10,000 cts to buy 1,000 shares = 1 lot. |
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Punter77
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29-Aug-2007 23:27
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Can anyone advice me when is the 10 to 1 consolidation going to take place? If I vested 200lots @ $0.145, does it means I'll be holding 20lots of $1.45 after that(when?). Will the closing price(based on tdy) of $0.10 also change to $1 as well? Wonder if I shld cut loss or hold on.... Though I noticed the substantial shareholder has been letting go of their percentage holdings, thought there is/are new investing bodies pumping $$$ into this company under the new mandate thingy (Ho Bee Investment).... Sigh.... |
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mike22
Member |
29-Aug-2007 14:19
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i agree wif u..... pension...it will drop to its formal low....then stagnant there for mosquitoes to breed....juz like east gate |
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Pension
Elite |
29-Aug-2007 11:50
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everyday keep dropping, one day you will drop dead together with this counter. |
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TuaPekGong9413
Elite |
29-Aug-2007 11:43
Yells: "deity" |
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my 2cents advice.....dun buy lian huat...its going down...as expected....profit already taken by them yesterday when they fried the price up.......SPC good buy now...but again,only for those who's buying on cash...not contra or short |
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eurostaR
Member |
28-Aug-2007 16:57
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if u notice.... liang huat holdings.. is in liquidation... that should give u a good gauge of what is happening behind the scenes.... check all the latest change in substantial share holdings postings.... the seller is liang huat HOLDINGS... not aluminium... force sell by financial institution.. |
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cheongwee
Elite |
28-Aug-2007 16:27
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This one is empty shell...sell..believe it will go belly up within the next few mths...this one got no business for the immediate future..got a friend work inside but left 2 mth back....be careful. |
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sohguanh
Veteran |
28-Aug-2007 14:45
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TuaPekGong9413: if SGX is to ban short selling, then contra trades should be banned also. as long as a trade need not require the person to fork out monies to purchase, ppl juz play on credit and earn the difference. i know why SGX dun wanna ban simply becuz alot of commission will be lost. to SGX, be it short contra or genuine buy/sell trade, they pocket the commission :) |
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TuaPekGong9413
Elite |
28-Aug-2007 14:27
Yells: "deity" |
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its selling down now(the trick of shortselling) .price will stablise only after this period...which will take another 2 to 3 days-----SGX SHOULD BAN SHORT SELLING |
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TuaPekGong9413
Elite |
28-Aug-2007 13:58
Yells: "deity" |
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morning high is definitely shortselling.....thats how they make $ when mart is bad....ever take into consideration the initial selling high and buying high might be the same person?thats how they manipulate the market.... |
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zuzuzuzu
Member |
28-Aug-2007 13:56
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if the share was trading at $0.03 like yesterday...but selling at $0.015.....would you buy yesterday? if yes.....then you should buy at $0.15 but at one-tenth of the quantity you would have bought yesterday.... |
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TuaPekGong9413
Elite |
28-Aug-2007 13:49
Yells: "deity" |
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always rem...if anything looks too nice,probably its not....ever wonder if or will the price drop back to yesterday's low?better to wait till price stablise then buy...wat if tomorow the price drop back to 0.0....the trick is the same but greed will always comes in.....jump start price to artificial high,get all the ppl who dun know anything but greed to fall into the trap...thats how they make $....better to wait and see..rather than jump into the bandwagon and end up might lose....this kind of things always happen.... |
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Punter77
Member |
28-Aug-2007 12:53
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can anyone kindly share ur views/opinions why the stock price soar to 0.22 @ opening but yet drop 50% down within half a day? Shorting or no value? Is 0.12 to 0.13 a gd price to go in? |
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Pension
Elite |
28-Aug-2007 12:27
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i think this company worth 3 cents only, their liability is much higher than their asset. |
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Pension
Elite |
28-Aug-2007 12:19
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I though they have postment the share consolidation? I noticed the substantial shareholder are reducing their stake due to financial obligation. |
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Punter77
Member |
28-Aug-2007 12:01
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bro eurostaR, i understand the consolidation part but why the price so vast after consolidation? Looking @ price now, wonder if it's a good stock to go in & what price.... hovering ard .13 |
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eurostaR
Member |
28-Aug-2007 11:18
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bro, this is why: Share Consolidation (every 10 shares become 1) for Liang Huat Aluminium Ltd 28 Aug 2007 Please note that there is a share consolidation 1 for 10 for Liang Huat Aluminium Ltd. The company symbol has changed from LHA.SG to LHAA.SG. As a result, there would be some changes in your stockholdings for this counter. Your portfolio in POEMS WILL NOT reflect this share adjustment. You may refer to your CDP Account for the latest update on your holding quantity of this share. In short, your 10 shares become 1 share. |
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ahxing
Member |
28-Aug-2007 11:06
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Hard to predict. Think people are shorting it. |
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Punter77
Member |
28-Aug-2007 10:59
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Notice this stock hit rarely such a high volume since the last downturn. Price is very volatile from 0.115 to 0.25. Anyone got views/share your expertise on this stock? |
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