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Transcu
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JMS213
Senior |
13-Jun-2013 23:51
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Well it is good to clarify their stands, and move forward to the AGM on the 28 June 2013. RESPONSE TO SGX’S QUERIES ON THE COMPANY’S ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 21 MARCH 2012 The Board of Directors of Transcu Group Limited (the " Company" ) wishes to announce the following responses to the queries raised by the Singapore Exchange Securities Trading Limited (“SGX-ST”) on the Company’s Annual Report for the financial year ended 31 March 2012 (the “Annual Report”). SGX-ST’s Query 1: We note on page 34 of the Company’s annual report that “the AC, with the assistance of the internal auditors, has reviewed, and the Board believes that, in the absence of any evidence to the contrary, the system of internal controls maintained by the Group’s management throughout the financial year ended 31 March 2012 up to the date of this report is adequate to meet the needs of the Group in its current business environment”. Please review the above disclosure to be in accordance with Rule 1207(10) and clarify whether the Board and the AC are of the view that the Company’s internal controls addressing financial, operational, compliance risks and risk management processes are adequate. For the purpose of complying with Listing Rule 1207(10) please note that there should not be a disclaimer on " absence of any evidence to the contrary" in the opinion. In this respect, please provide a clean opinion that is in compliance with Listing Rule 1207(10). The Company’s Response: The Company refers to the statements made on the Group’s internal controls as set out under the section entitled “Principle 12: The Board should ensure that the management maintains a sound system of internal controls to safeguard shareholders’ investments and the company’s assets.” on page 34 of the Annual Report and confirms the following opinion, in compliance with Listing Rule 1207(10): Based on the various management controls put in place and the reports from the external auditors, and the assurance from the management, the Board with the concurrence of the AC, is of the opinion that the system of internal controls in place is adequate to address in all material respects the financial, operational and compliance risks within the current scope of the Group’s business operations. SGX-ST’s Query 2: On page 36 of the Company’s annual report pertaining to the Company's disclosure on dealing in securities, please clarify whether the Company is also prohibited from dealing in the Company’s securities during the said blackout period pursuant to Rule 1207(19)(c). The Company’s Response: The Board confirmed that the Company is also prohibited from trading in the Company’s securities at least two (2) weeks before the announcement of the Company’s quarterly and half-year financial results and one month before the announcement of the Company’s fullyear financial results until the day of the release of the announcement. By Order of the Board TRANSCU GROUP LIMITED Lawrence Komo Chief Executive Officer 13 June 2013 |
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JMS213
Senior |
13-Jun-2013 22:56
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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There is no news from SGX, but be prepared for some updates and announcement. I will go with Belteshazzar " said good bye to bottom" . Cheers
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smltimer
Senior |
12-Jun-2013 23:34
Yells: "So what does the crystal ball say ......." |
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Must be bad news ..... if not why price went down?? | ||||
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height00
Senior |
12-Jun-2013 23:11
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Some news come out from SGX
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JMS213
Senior |
12-Jun-2013 10:44
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Something good is going to happen, and something good is in store ..... watch as events unfold. Cheers
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Belteshazzar
Veteran |
11-Jun-2013 10:54
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good bye to bottom | ||||
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height00
Senior |
11-Jun-2013 10:51
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Good buy or Good bye?
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oldflyingfox
Master |
11-Jun-2013 10:20
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AGM on 28 June, the present price of 1.2 cts is a good buy now. | ||||
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Belteshazzar
Veteran |
11-Jun-2013 09:58
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back to b4 announcement... $$$ | ||||
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UPRR18
Member |
11-Jun-2013 00:16
Yells: "Si Mai" |
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Heng ah !! boh boey listen to you i go holland already. ban ban dan maybe one day it will ri..se
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T2LE56
Member |
07-Jun-2013 08:38
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UPRR18, you should buy, positive news is going to be announced. Have fun !! | ||||
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UPRR18
Member |
06-Jun-2013 09:59
Yells: "Si Mai" |
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Sometimes even after sell away this d'ling still miss her. Very mixed feeling .... why the subscriber take up more shares ??? leh Maybe veteran tomique is correct leh ..... aiyah .... let me think, hand itchy itchy
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hongxianfeng
Member |
05-Jun-2013 15:16
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Either 3 yrs in lost or less then 40 million will be black list | ||||
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height00
Senior |
05-Jun-2013 08:59
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If that bad market will reacted earlier | ||||
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Tomique
Master |
05-Jun-2013 08:44
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Don't think it will be placed on watchlist as it has market cap of > $40 million. Believe next reporting may be better.
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hongxianfeng
Member |
05-Jun-2013 07:30
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What will happen to transcu when under Sgx watch list? What to do to withdraw from watch list! | ||||
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Tomique
Master |
04-Jun-2013 22:41
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Very much agreed with these facts that the parties are related or inter-related. That could be the cause of the market not enthused by the sale of BME machines as investors are skeptical of the genuineness of the transactions. However, business is business and a buy and sell agreement is made between 2 parties who happened to be related, each party has still to honour the deal. Let us as shareholders hope that Forest Pine would be able to take delivery of the machines and pay for them and provide its own services to clean up nuclear contamination in Japan and gets paid for the services. In turn FP could distribute for BME to their customers.
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hongxianfeng
Member |
04-Jun-2013 22:22
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http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=140310014 | ||||
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hongxianfeng
Member |
04-Jun-2013 22:15
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Transcu: Akihiko Matsumura is Executive director and CEO Transcu own BME Forest Pine Energy Inc: Akihiko Matsumura CEO Owner of company Forest Pine Energy deal machine with BME, BME belong to Transcu All is inter-relation. It is just playing book game, money transfer here and there Agreed? |
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T2LE56
Member |
04-Jun-2013 20:31
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I think Veteran Tomique is correct, the subscriber is showing faith in the BBs. " The Board wishes to announce that the Subscriber has on 29 May 2013, in accordance with the Conditions, exercised its right to convert S$660,000 in value of the Convertible Bonds into 57,291,667 new shares of the Company (the “Converted New Shares”), at the conversion price of S$0.01152 for each Converted New Share." |
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