| Latest Forum Topics / YZJ Shipbldg SGD Last:2.42 -- |
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Yangzijiang Chart Updates
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akchua
Senior |
16-Jan-2013 09:51
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Yes. Citi must be very confident YZJ will goes beyong $1.50 since they are holding all the warrants. People should be buying instead of selling.
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s100125
Senior |
16-Jan-2013 09:48
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there are some bbs out there taking this apportunity loading up this one. too risky to short at this moment as end of the day may recover if bbs have their way. |
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pseudo
Member |
16-Jan-2013 09:46
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“With the expectation that the market conditions of the shipping industry will improve gradually over the next few years, the board believes that the net proceeds from the warrant issue will further strengthen the working capital of the company and the proceeds arising from the exercise of the warrants will enhance the capital base of the company and provide additional financial flexibility to the group to facilitate the group's future market expansion and explore potential development opportunities which may be brought to its attention,” Yangzijiang said.
http://www.seatrade-asia.com/news-headlines/yangzijiang-to-raise-$15m-from-warrant-issue.html |
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pseudo
Member |
16-Jan-2013 09:39
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Thanks for the replies! | ||||
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Sporeguy
Elite |
16-Jan-2013 09:36
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Am I right that one has to pay $1.50 for each share using the warrant?
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bioer23
Member |
16-Jan-2013 09:30
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Managed to cover yesterday?
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New123
Elite |
16-Jan-2013 09:30
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mkt don't like it, that why it is reflected on the price.
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bioer23
Member |
16-Jan-2013 09:28
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Because yzj is issuing the warrants to get money to sustain their current business. If they needed the money for a new project/expansion, it will have a different outsome.
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pseudo
Member |
16-Jan-2013 09:19
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Dun understand why warrant issue got so big drop. Any1 care to explain? | ||||
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aputako
Member |
16-Jan-2013 09:18
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Sharing: " Yangzijiang Shipbuilding (Holdings) Ltd on Wednesday announced the proposed issue of 330 million warrants at an issue price of 31 fen (S$0.061) per warrant. Each warrant will carry the right to subscribe for shares in the company at 7.62 yuan per share. The warrant strike price represents a premium of approximately 36.37 per cent to the closing price of S$1.10 of the company's shares on the Singapore Exchange on the date of the subscription agreement. The net proceeds from the warrant issue will be 92.17 million yuan (S$18.15 million) which will be used for general working capital purposes." |
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halleluyah
Elite |
16-Jan-2013 09:11
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pump up fast bt dump even faster
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New123
Elite |
16-Jan-2013 09:09
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think gd chance to consider to long some for some coffee $
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aputako
Member |
16-Jan-2013 08:57
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Be prepare for a rough ride. | ||||
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lllusion
Member |
16-Jan-2013 08:52
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Well it seems like huge dumping queuing..
Don't understand yzj moves.
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fortunecat
Member |
16-Jan-2013 08:48
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currently looks like going to gap down badly? | ||||
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bioer23
Member |
16-Jan-2013 08:45
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How is it good news when everyone is dumping their lots
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Flyordie
Veteran |
16-Jan-2013 08:43
Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!" |
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子 江 gogogo！
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ynnek1267
Master |
16-Jan-2013 08:19
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Need money? No business but need money? Fishy? | ||||
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lllusion
Member |
16-Jan-2013 08:18
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I assume this this good news..
Warrant issue |
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smallchap
Member |
16-Jan-2013 08:03
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YZJ PROPOSED PLACEMENT OF 330,000,000 WARRANTS AT AN ISSUE PRICE OF RMB0.3072 (S$0.0605)1 FOR EACH WARRANT, WITH EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW SHARE IN THE CAPITAL OF THE COMPANY AT THE PRICE OF RMB7.617 (S$1.50) FOR EACH NEW SHARE |
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