Latest Forum Topics / Sapphire Last:0.06 +0.003 | Post Reply |
Any big funds buying ????
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Hulumas
Supreme |
24-Nov-2010 14:20
Yells: "INVEST but not TRADE please!" |
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WHY?
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eblim77
Member |
11-Oct-2007 23:52
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REALISATION OF ASSET HELD FOR SALE Further to the Announcements made by the Company on 29 June 2007, 14 August 2007 and 28 September 2007 relating to the acceptance of the payment of a finder?s fee in the form of 25% of the equity interest in Song Yuan Tian Xi Harbor Oil Exploration Co., Ltd (?Tian Xi?) (equivalent to S$5.5 million), for sourcing and introducing to Sky China Petroleum Services Ltd, a public listed company incorporated in Singapore (?SKY Petroleum?) for its investment in the equity interest of Tian Xi and the commission fee incurred by the Company in relation to the investment in Tian Xi respectively, the Board of Directors of Sapphire Corporation Limited ("Sapphire" or "the Company") wishes to announce the entry into a Sale and Purchase Agreement (the ?Agreement?) by the Company, as the Vendor with Tianjin Dagang Shengkang Petroleum Technology Development Co., Ltd, a subsidiary of SKY Petroleum incorporated in the PRC (the ?Purchaser?) for the sale of 25% equity interest in Tian Xi (the ?Equity Interest?) to the Purchaser on the terms and subject to the conditions stated in the Agreement. That the consideration of the Equity Interest shall be the sum of RMB40.0 million (in equivalent S$7.8 million) and it shall be satisfied in full by: (a) the payment in cash by Purchaser to the Company for the aggregate sum of RMB10.0 million (approximately S$1.9 million) (the ?Cash Consideration?); and (b) the allotment and issue by the Purchaser 14,880,000 Ordinary Shares at S$0.395 each in the issued share capital of SKY Petroleum to the Company representing an aggregate value of RMB30.0 million (approximately S$5.9 million) (the ?Shares Consideration?). |
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eblim77
Member |
09-Oct-2007 23:36
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Shareholders are buying their shares while the retail investors are selling their lots. REally cannot understand. It has all the keywords to move upwards. (It is moving sideway for now....) Mild steel, construction, infrastructure, PRC, oil exploration, profit warranty |
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eblim77
Member |
05-Oct-2007 15:35
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I am waiting patiently for those impatient creditors who cashed out the shares allocated to them... It is definitely in an upward trend. |
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zhuge_liang
Supreme |
05-Oct-2007 13:18
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Sapphire Corp has raised $42m from the rights issue. It has earmarked $38m to complete the purchase of a 49% stake in Kingston Grand that, in turn, will own 40% of China-based metals and building company Trisonic. The deal will give Sapphire an effective 19.6% interest in Trisonic. | ||
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techsys
Master |
08-Aug-2007 11:59
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Any bro has a news about Kingston's shares subscription by Sapphire? And also how's about the Iron Ore mine that was mentioned before? has it done yet? | ||
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tommy.lee
Member |
01-Aug-2007 20:59
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Hi Bro Terry138 lets keep our finger cross. Good luck. |
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terry138
Member |
31-Jul-2007 20:29
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Hi ! my friend - don't treat this as ' kana sai ' ! be patient for another week or so - I'm still picking up the ' sai ' - wait and see bro ! |
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tommy.lee
Member |
30-Jul-2007 22:36
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Hi all gurus How much this counter always high volume but prices "kana sai" |
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StarLine
Senior |
01-Jul-2007 00:50
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Correct me, if I am wrong. The news is about it (Sapphire) getting 25% free shares of Song Yuan Tian Xi Harbor Oil Exploration Pte Ltd as an introduction fee for Sky Petroleum. Hence its asset holdings will increase as a profit gain. Right ? |
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adrian01
Member |
30-Jun-2007 22:05
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Time to plunge in? :P | ||
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zuzuzuzu
Member |
30-Jun-2007 08:51
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the acquisition is abt $22mil......25% worth abt $5.5mil...... | ||
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danielchua
Member |
29-Jun-2007 21:14
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What will happen on trading day on Mon? Any comments? Trading Halt will be lifted on 2 Jul 2007, 9:00am The Board of Directors of Sapphire Corporation Limited (the ?Company?) wishes to announce that it has on 29 June 2007 agreed with Sky China Petroleum Services Ltd (?Sky Petroleum?) to accept payment of a finder?s fee in the form of 25% of the equity interest in Song Yuan Tian Xi Harbor Oil Exploration Pte Ltd (?Tian Xi?) for sourcing and introducing to Sky Petroleum for its investment in the equity interest of Tian Xi. Payment of the said 25% equity interest in Tian Xi shall be conditional upon the successful completion of the investment in Tian Xi by Sky Petroleum. |
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tl_pang
Member |
29-Jun-2007 13:40
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Hope that sapphire will "Cheong" after annoucement ...... Good luck to all ! | ||
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Green8
Senior |
29-Jun-2007 12:11
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Going to announce contract awarded. Good luck to those vested. | ||
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chipchip66
Master |
29-Jun-2007 11:13
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i dont think trading halt due to debt exercise. Could be due to some announcements like award of contracts. Let's see... | ||
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zuzuzuzu
Member |
29-Jun-2007 11:10
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debt conversion exercise @1.5cents.....i believe not much impact......... | ||
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adrian01
Member |
29-Jun-2007 10:45
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Halt at the moment. Anyone got any comments on this one? | ||
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hellokitty8448
Member |
22-Jun-2007 11:03
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anyone has any input in this share? |
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sohguanh
Veteran |
13-Jun-2007 09:54
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I believe FREE rights are issued to existing shareholders based on some ratio like 1 lot get 1 rights like that. Then if you dun wan you can sell that rights on SGX. If you want you pay some price (determined by them) to exercise your rights into share. For non-existing shareholders you can then buy the rights from those who dun wan to exercise and sell to you. Then once you got the rights you need to exercise the rights into share (if you want). Rights trading are usually a few days. I find quite similar concept between rights and warrants but warrants trading can last much longer (e.g years) depending on the warrants expiry date. As usual contra short for warrants and rights can be played but for rights it is only a few days so maybe lesser ppl play. |
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