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JurTech
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bikerlover
Member |
01-Jun-2011 21:30
Yells: "Good luck to your trading!" |
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What happen to this company? Evaporate into thin air after delisted????????????? | ||||
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upnowhere
Senior |
04-Nov-2010 10:32
Yells: "Just want to earn a bit pocket $$$" |
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err... maybe that is a certification for appreciation or participation
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dinghoki
Member |
04-Nov-2010 10:23
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Received a Certificate. Anybody else also received it?
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knightrider
Elite |
05-Oct-2010 09:27
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No Lah, not worst than toilet paper. It is already a toilet paper, but still can use la, don't waste it. It is the same faith like FerroChina, Chuan Soon Huat, Beauty China etc. Good luck.
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Andrew
Master |
05-Oct-2010 00:06
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In US, once a company get delisted it still can be traded in OTC as pink slip. Ticker.pk. In Singapore, we are not that developed. You can only trade with other shareholders, friends, close associate, relatives and even neighbours. BUT it is illegal to sell to a stranger (the Public). You can continue to attend AGM and they must have one anyway......... The certificate is worst than toilet paper. |
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belgeran
Veteran |
04-Oct-2010 22:38
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if i'm not wrong, u can trade the shares on OTC market... which is very illiquid. I believe it works like the market but due to accessibility/exposure, buyers/sellers are hard to come by. |
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bikerlover
Member |
04-Oct-2010 22:32
Yells: "Good luck to your trading!" |
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So with this delisting, what's going to happen to our outstanding shares which is still stuck with the company? What is the share certificate good for? |
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Huhushares
Member |
10-Sep-2010 00:02
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Delisting With reference to the announcement released by the Company on 9 March 2010, the Singapore Exchange Securities Trading Limited (the “SGX-ST”) had on 8 March 2010, written to the Company and agreed to grant the Company an extension of up to 8 September 2010 to submit a resumption proposal (“the Extension”), subject to the following conditions: (a) The resumption proposal submitted by the Judicial Manager that is in the form of an reverse takeover (“RTO”) must comply with the Mainboard admission requirements; (b) To indicate the key milestones and timeline for the preparation of the Resumption Proposal and the Proposed RTO; (c) To enter into a sale and purchase agreement with the potential investor and to announce via SGXNET the key terms and conditions of the sale and purchase agreement; and (d) The extension of time up to 8 September 2010 is the final extension for the Company to submit a Resumption Proposal and no further extension will be given. Subsequent to the granting of the Extension on 8 March 2010, the Judicial Managers of the Company had sought potential investors to enter into restructuring and/or investment proposals with the Company to revive the Company via a RTO. The Judicial Managers spent much time and effort engaging in lengthy discussions with and evaluating a number of potential investors all of whom unfortunately failed to meet the necessary criteria to maintain the Company’s SGX-ST Mainboard listed status. Accordingly, the Company will be delisted. Based on the announcement released by the Company on 14 August 2009 in relation to the Proforma Full Year Financial Statements and Dividend for the period ended 31 December 2008, the Company had a negative net asset value (“NAV”) position of approximately S$163 million and is currently insolvent. As such, the Company is unable to propose a cash exit offer for its shareholders and is unable to comply with the requirements under (i) Rule 1307 of the SGX-ST Listing Manual to convene a general meeting to obtain shareholder approval for the delisting; and (ii) Rule 1309 of the SGX-ST Listing Manual to appoint an independent financial adviser to advise on the exit offer. The Company will make further announcements to inform its shareholders of the delisting date. Mr Tam Chee Chong and Mr Keoy Soo Earn of Deloitte & Touche LLP were appointed as Judicial Managers of the Company on 20 February 2009. By Order of the Judicial Managers of the Company 9 September 2010 |
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nickyng
Supreme |
10-Feb-2010 14:13
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cant place it in Judicial Management meh? direct bankruptcy?!??! :P | ||||
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Hulumas
Supreme |
10-Feb-2010 13:26
Yells: "INVEST but not TRADE please!" |
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It is worse than Zhongguo Jilong! so offsetting 1:1 S-stock compares to non S-stock performance! Is there next candidate?
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Huhushares
Member |
10-Feb-2010 13:20
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negetive (326,458) share equity : ( no hope : ( : ( | ||||
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Hulumas
Supreme |
10-Feb-2010 13:17
Yells: "INVEST but not TRADE please!" |
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It is one of the non S-stock potentialy gone with the wind.
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Huhushares
Member |
10-Feb-2010 13:13
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Based on the current financial position of the Company, the Company is insolvent. ........ : ( see like no hope to get single cents back | ||||
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Huhushares
Member |
10-Feb-2010 13:11
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So we still have the chance to get back some of our $? if it get delisted JURONG TECHNOLOGIES INDUSTRIAL CORPN LIMITED (Under Judicial Management) (the “Company”) (Company Registration No. 198600762Z) DELISTING NOTICE FROM THE SGX-ST Further to the announcement released by the Company on 4 January 2010, the Judicial Managers of the Company wish to announce that the Singapore Exchange Securities Trading Limited (the “SGX-ST”) has issued a letter to the Judicial Managers on 5 February 2010 stating, inter alia, that: (a) the Company will be delisted; and (b) the SGX-ST would like the Company to make the necessary arrangements for the delisting of the Company by way of a cash exit offer as soon as possible. SGX-ST has requested that the Company make the necessary arrangements for the delisting of the Company by way of a cash exit offer made to the shareholders. Based on the current financial position of the Company, the Company is insolvent. As such, the Company is currently not in a position to propose a cash exit offer for its shareholders. The Judicial Managers are currently considering the options available to the Company and will provide further updates in due course when there are further developments. Mr Tam Chee Chong and Mr Keoy Soo Earn of Deloitte & Touche LLP were appointed as Judicial Managers of the Company on 20 February 2009. By Order of the Judicial Managers of the Company 9 February 2010 |
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mortal_azazel
Member |
10-Aug-2009 21:26
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Any luck for JurTech to be resurrected? | ||||
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raymondho
Senior |
07-Aug-2009 18:11
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In the stock market, gain or lost is everyday affairs. Don't keep it in heart. If L&M has the chance to survive What a problem toJultech? So long it still remain listed.If their management can not make it turn-around, someone may have seen it a good chance to do RTO. By then your $ will be nack to yr pocket. |
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Huhushares
Member |
07-Aug-2009 17:50
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I even more worst i buy 0.075cents ...............i buy 300lots jurteh 22500dollar gone haiz..............this is my 80% of my money.........i shall sold at 0.12 cents lo haiz |
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freeme
Elite |
06-Aug-2009 23:52
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Forget to add, unless got white knight coming to save them..
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freeme
Elite |
06-Aug-2009 23:40
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I read on BT, said that its asset value is not enough to repay debt. Asset value is abt 100+mill, debt is more than 300mil. Still short fall of 200Mil. So after selling out all assets, it can declare close shop bec nothing is left for shareholders.
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buahke
Member |
06-Aug-2009 23:29
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me also lost 5K+ :-( what to do? onli can wait for news. |
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