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China Enersave
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Hulumas
Supreme |
26-May-2008 16:24
Yells: "INVEST but not TRADE please!" |
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Oh no, should I cut loss and buy it back at lower price may be about Sgd. 0.02? Any suggestion? | ||
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Forglory
Member |
26-May-2008 13:46
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has anyone taken up this offer? | ||
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katak88
Senior |
23-May-2008 09:47
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Perhaps China Enersave shareholders who have sold out during this 1 week period can lodge a complaint with SGX on this matter http://info.sgx.com/SGXWeb_RMR.nsf/NEWDOCNAME/Lodging_a_Complaint
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commando
Veteran |
23-May-2008 09:34
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tat'right! how can they announced right issue and cause panic selling. After then dir bought shares at a relatively cheap price and no need for right issue cos got BBs buying. A period of less than 1 week or less. Who's going to protect the small investor like me!!!!!!!! | ||
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katak88
Senior |
23-May-2008 09:18
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Any insider trading offence committed for those directors/substantial shareholders ?? How about shareholders who sold out their shares after the rights issue announcement and do they have recourse after the right issue is withdrawn 1 week later ??? 14-May-2008 - PROPOSED RENOUNCEABLE RIGHTS ISSUE OF SHARES http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/a2c76d93fe9cf4ea48257449003aa635?OpenDocument 16-May-2008 NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/b074b3065220a9a84825744b000da1e0?OpenDocument 16-May-2008 NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/275a85ed029bfd5d4825744b0035dc14?OpenDocument 20-May-2008 NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/cdcb87b711b9b3044825744f003936d6?OpenDocument May 22 2008 MISCELLANEOUS :: PLACEMENT (THE "PLACEMENT") OF AN AGGREGATE OF 305,000,000 NEW ORDINARY SHARES (THE "NEW SHARES") IN THE CAPITAL OF CHINA ENERSAVE LIMITED (THE "COMPANY") (& WITHDRAWAL OF RIGHTS ISSUE) http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/f5f3ce55a6dc217f4825745100275ec0?OpenDocument |
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Forglory
Member |
23-May-2008 08:47
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Yup agreed. Someone should grill the directors on this. | ||
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fruitty
Senior |
22-May-2008 22:31
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I think it's quite terrible of the company to make announcement on rights issue at $0.01 (scaring investors), withdrawing it and making placement shares at a higher price. I have lost my trust in this company. |
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teeth53
Supreme |
22-May-2008 22:01
Yells: "don't learn through life, learn to grow with life " |
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The Company refers the announcement (numbered 00035 dated 22 May 2008) and wishes to inform that the Group Net Tangible Assets per share, after adjusting for the issue of the New Shares, should be 7.05 cents instead of 6.54 cents. http://info.sgx.com/webcorannc.nsf/37e9d50ee377b2304825735f00233861/62d85c9366679fec4825745100369a17?OpenDocument |
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commando
Veteran |
22-May-2008 19:22
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So how? rather confused at the moment. I had sold off with a hefty loss when they announced the issue rights at 0.01. Kena con ah! | ||
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teeth53
Supreme |
22-May-2008 16:59
Yells: "don't learn through life, learn to grow with life " |
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At least more BBs involved mean more cheong ahh...Huat huat ahh. | ||
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teeth53
Supreme |
22-May-2008 16:54
Yells: "don't learn through life, learn to grow with life " |
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Now on CNA at this moment.....(TV)..Carbon copy $$$. |
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Forglory
Member |
22-May-2008 16:21
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wow, at least they cancelled the rights issue... but I think there is still cause for concern, one moment announce, another moment cancel...and not forgetting they just issued rights only about 6 months back... | ||
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chongpin
Member |
22-May-2008 16:05
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http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/f5f3ce55a6dc217f4825745100275ec0?OpenDocument PLACEMENT (THE "PLACEMENT") OF AN AGGREGATE OF 305,000,000 NEW ORDINARY SHARES (THE "NEW SHARES") IN THE CAPITAL OF CHINA ENERSAVE LIMITED (THE "COMPANY") allot and issue an aggregate number of 305,000,000 New Shares at the placement price of S$0.032868 for each New Share to International Fishing Group S.A. ("IFG"), Mr Ang Gee Hing and Mr Ng Swee Hua on 21 May 2008 and with Ocean Pride Shipping S.A ("OPS") on 22 May 2008 (OPS, together with IFG, Mr Ang Gee Hing and Mr Ng Swee Hua, collectively, the "Subscribers") Name of Subscriber Number of New Shares International Fishing Group S.A. 225,000,000 Ocean Pride Shipping S.A. 55,000,000 Mr Ang Gee Hing 5,000,000
The New Shares to be issued pursuant to the Subscription Agreements represent approximately 19.85 per centum of the issued share capital of the Company at the time the Resolution was passed. The Placement Price of S$0.032868 for each New Share represents a discount of 10.00 per cent. from the volume weighted average of S$0.03652 per Share for trades done on the SGX-ST on 20 May 2008 (being the full market day prior to the halting of trading of the Shares on the SGX-ST). The net proceeds from the Placement after deducting estimated expenses of S$0.3 million, is approximately S$9.7 million. The net proceeds will be used for the following purposes:- (a) to fund the development of the Company's renewable energy plants; and (b) the balance of proceeds will be utilised for the Company's general corporate and working capital purposes. When completed, the Placement will increase the existing issued share capital of the Company from S$191,305,476 comprising 1,536,678,046 Shares to S$201,330,216 comprising 1,841,678,046 Shares. The net tangible assets per share of the Company, its subsidiaries and jointly-controlled entities (the "
The Company refers to its announcement made on 14 May 2008 (the "
The Company had disclosed in the Announcement that it was seeking to raise a minimum of S$5.5 million from the Rights Issue to fund the development of its renewable energy plants. As the net proceeds from the Placement would be approximately S$9.7 million, which would be sufficient for the Company's current funding requirements in relation to the development of its renewable energy plants, the Directors wish to announce the Company's cancellation of the proposed Rights Issue. |
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Forglory
Member |
22-May-2008 15:10
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so what do they intend to do about it? Come running to the shareholders again to raise funds? the price is going to plunge to 0.01 after this rights issue and probably below that. When they issued rights at 0.055 (2 for 5) shareholders who subscribed to it, ended up worse because the stock tanked to 0.035... and now if shareholders take up the offer at 0.01, I am thinking it might tank below that! |
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MichaelLiJunHong
Member |
22-May-2008 11:45
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lol actually i predicted this haha
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chongpin
Member |
22-May-2008 09:57
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I speculate that it may be announcement related to the Yima Pwoer Plant which had been shut down recently. Quote from recent Q1 2008 results (12 May 2008):- I) Yima Power Plant Having shut down the plant, the Group is presently considering various options to mitigate its losses, including the following:- • Sale of Yima Plant;• Leasing of Yima Plant;• Secure better electric tariff by selling directly to the end users. |
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Forglory
Member |
21-May-2008 16:59
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getting more worried by the day...sigh... | ||
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teeth53
Supreme |
21-May-2008 15:09
Yells: "don't learn through life, learn to grow with life " |
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I would rather tink is good news since no bab news so far.
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teeth53
Supreme |
21-May-2008 14:47
Yells: "don't learn through life, learn to grow with life " |
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"Ho Sei Bo" let say from bottom up liao, tink wait loh 4 BBs to finish their, then oso have 1-2 right one (1) cents, ave off then again hope for the best. Huat huat ahh...cheong ahh. | ||
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MichaelLiJunHong
Member |
21-May-2008 09:18
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anyone know the reason for the halt ? | ||
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