Hi Gamblingden,

For the past 12 month, i only managed to find out on Mar 09 the Managing Director bought about 2665 lot of share at price of about 12 Cents. it was about 1.57 % of total share.

Name of Overseas Exchange where Company has Dual Listing (if applicable)

 

(A) Share Buy-Back Authority

 

I.

Maximum number of shares authorised for purchase*

17,019,870

 

(B) Details of Purchases Made

 

I.

Purchases made by way of market acquisition

Yes

 

If answer to the above question is Yes, please fill in the following :

 

		Singapore Exchange	Overseas Exchange
1	Date of Purchases	12-03-2009
2a	Total number of shares purchased	2,665,000
2b	Number of shares cancelled	0
2c	Number of shares held as treasury shares	2,665,000
3a	Price paid per share# or	Currency : S$   Amount : 0.127015	Currency : [Select Currency]   Amount :
3b	Highest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
	Lowest price per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : S$   Amount : 338,495	Currency : [Select Currency]   Amount :

 

# Specify currency

 

II.

Purchases made by way of off-market acquisition on equal access scheme?

No

 

If answer to the above question is Yes, please fill in the following :

 

		Singapore Exchange	Overseas Exchange
1	Date of Purchases
2a	Total number of shares purchased
2b	Number of shares cancelled
2c	Number of shares held as treasury shares
3	Price paid or payable per share#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :
4	Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#	Currency : [Select Currency]   Amount :	Currency : [Select Currency]   Amount :

 

# Specify currency

 

(C) Cumulative Purchases

 

	By way of market acquisition		By way of off-market acquisition on equal access scheme		Total
	No.	% 1	No.	%	No.	%
Cumulative no. of shares purchased to-date 2	2,665,000	1.57	0	0	2,665,000	1.57

 

1 Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution 2 From the date on which the share buy-back mandate is obtained

 

(D)	Number of issued shares excluding treasury shares after purchase *	199,103,300
	Number of treasury shares held after purchase*	2,665,000

 

Footnotes

 

gamblingden      ( Date: 27-Jul-2009 00:03) Posted: low liquidity + low publicity - the company is low profile.                                                                                                                              all you need is just 8m shares (assuming average price at 20cts x 8m shares = $1.6m) to sell down and the stock price tumble by 80%. interesting to note that during the March plunge, the company bought back a tonne of shares. some comfort there. and the co only need to buy back 3m shares which is approx 30% of total shares traded on that fateful day (average price say at 13cts x 3m = $390k) to raise the stock price by 60% from intraday low of 10 cts to about 16 cts also unlike most s chips when there is a sell down, the major shareholders will joined the selldown due to forced selling of their own shares (eg celestial, beauty china) and cause the price to spiral down further, isdn do the reverse by buying back its stock to support its shares price am still curious who is the desperado who (or was forced to sell down) from 50 to 10 cts, or could it be smart money working behind with an agenda to keep the stock price low ???????? wait for half-yr results to see if business has improved in Q2.  any analsyt can give your view if coming results will be +ve or -ve ??????????