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Ezion
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Peter_Pan
Supreme |
25-Oct-2012 13:50
Yells: "did you order dunkin' donuts" |
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SUBSCRIPTION FOR SHARES IN YHM GROUP LIMITED 1. INTRODUCTION  The Board of Directors of Ezion Holdings Limited (the “Company”, and together with its  subsidiaries, the “Group”) wishes to announce that the Company has entered into:  (a) a subscription agreement dated 25 October 2012 (the “Subscription Agreement”)  with YHM Group Limited (“YHM”), Sunshine Capital Group Pte. Ltd. (“Sunshine  Capital”) and Stone Forest Corporate Advisory Pte. Ltd. (“Stone Forest”), pursuant  to which the Company shall subscribe for 3,200,000,000 new ordinary shares (the  “Subscription Shares”) in the capital of YHM at the issue price of S$0.0018 (the  “Subscription”) and   (b) an option agreement dated 25 October 2012 (the “Option Agreement”) with YHM,  pursuant to which YHM shall issue 3,960,000,000 share options (the “Options”),  with each Option carrying the right to subscribe for one new ordinary share in the  capital of YHM at the issue price of S$0.0018.  2. INFORMATION ON YHM  YHM, formerly known as China EnerSave Limited, is a company incorporated in Singapore  and is listed on the Catalist board of the Singapore Exchange Securities Trading Limited (the  “SGX-ST”). The Company's main operating subsidiary is engaged in the scaffolding business  catering to the construction and marine industries.  3. PRINCIPAL TERMS OF THE SUBSCRIPTION  3.1 Consideration for the Subscription  The aggregate consideration of S$5,760,000 (the “Consideration”) for the Subscription  Shares will be satisfied by the allotment and issuance of 4,625,020 shares (the  “Consideration Shares”) in the capital of the Company at an issue price of S$1.2454, which  represents a discount of 10% to the volume weighted average price of S$1.3838 for trades  done on the shares of the Company on the SGX-ST on 23 October 2012 (being the preceding  market day up to the time the Subscription Agreement was signed). The Consideration was determined after taking into consideration,   inter alia, the net  tangible liabilities of the YHM Group of approximately S$113,000 as at 30 June 2012 and the  complementary nature of the proposed new business of offshore oil and gas related  businesses that are complementary to but not in competition with the existing business of  the Company (collectively, the “New Business”).   The Consideration Shares represent approximately 0.54% of the total enlarged issued share  capital of the Company. The Consideration Shares, when issued, shall rank pari passu with the  then existing issued ordinary shares of the Company, save that they shall not rank for any  dividends, rights, allotments, distributions or entitlements, the record date of which falls on  or prior to the date of allotment of the Consideration Shares. |
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chartreader
Senior |
25-Oct-2012 13:50
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Ezion issue 4.6 million share at 1.2454 to buy YHM ... dilution, dilution, doesn't look good http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_DF3EE91C529D0E4448257AA20019268C/$file/Ezion_acquisition_of_YHM_Shares.pdf?openelement |
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raykee
Senior |
25-Oct-2012 09:48
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Dun tink ezion will b like cheena those kind.... They should hav morals.... | ||
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khng2012
Master |
25-Oct-2012 09:46
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It remind me the company which has financial problem in their audited financial report and  was suspended like  China S-chip  since 3Q report announcement is approaching. Ezion holding is international company, may be not.   |
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samuelx
Member |
25-Oct-2012 09:25
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Something big must be happening. Trading halted for 1 entire day, and now possibly another. May drag to next week? Doubt it is to announce a new contract. No matter how big the contract is, it wouldnt take that long. What can it possibly be? A restructuring would come as a big shock man... |
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FearValueGreed
Master |
25-Oct-2012 00:35
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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according to my research, to halt by ezion before market open is only for new contract from north America n Europe market. if k it is a new contract contract contract it must be dam f big that it take so long to lift trAding which is very rare for Mr ezion. so my best guess is a new business segment they carve out. that could enhAnce their revenue further either thr joint venture with big guns. but no matter wat. thIs will be the last pop before ezion goes into a corrective phase unless the news is so complying.
also if it is a new contract of 80m, the price will rise from its ash 10%. so we are talking about 145-150. but dun keep hopes too high as price dips before tradding halt. not a good sign of good news if news was leaked. |
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FearValueGreed
Master |
24-Oct-2012 18:14
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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I think this is usually tie to complex financial structure. use more time to calculate mah.maybe a reits plan「 .then must be really good business model. first in the world.
remember the ceo is a previous cfo. one that can work magic from small to big number. |
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khng2012
Master |
24-Oct-2012 16:15
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Ho ho ho, may be problem in financial report... The longer it halt, the higher chance is bad new. | ||
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srichipan
Master |
24-Oct-2012 15:57
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hmm. halted trading for one whole day. must be some big news leh! | ||
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FearValueGreed
Master |
24-Oct-2012 14:53
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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I know. actually it was a wrong notice. haha | ||
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raykee
Senior |
24-Oct-2012 14:00
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The very last time they lifted the halt was at 11am... Now already 2pm still no news... So what the hell is the news?! | ||
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raykee
Senior |
24-Oct-2012 13:19
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Ezra back to trade liao.... | ||
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srichipan
Master |
24-Oct-2012 12:46
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ezra halted because they are releasing unaudited results. nothing to do with ezion  | ||
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raykee
Senior |
24-Oct-2012 12:40
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Tu lan already.... Going 4hrs and still no news..... The whole company today holiday ar? | ||
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FearValueGreed
Master |
24-Oct-2012 12:26
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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merger.
but worst case is that Ezra selling out to fund houses at discount price. or ezion take over Ezra. haha. that even worst. |
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francisd
Veteran |
24-Oct-2012 12:22
Yells: "BUY LOW SELL HIGH" |
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Maybe a convertable bond issue.... ha ha...my guess.   Cheers. |
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Sgshares
Elite |
24-Oct-2012 12:20
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Why halt trading? Ezra also | ||
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srichipan
Master |
24-Oct-2012 09:36
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what is it then?
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felixtan21
Member |
24-Oct-2012 09:30
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It is none of the 6 scenarios that has been pointed out earlier on | ||
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khng2012
Master |
24-Oct-2012 09:30
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Best time to issue right or follow Ezra to list subsidiary. | ||
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