Post Reply
161-180 of 1198
I looks like .005c is on its way .....stock market is diving further
So many news and own pple run first. If good news, pple will run or not? Pass on baby to retailers to fund ri_hts. Retailers no choice, thinking of good time to do avgg? Just my thot.
Following the entry into the RTO Agreement on 22 May 2013, the Company had
conducted due diligence on Trechance and its subsidiaries (the ?Hua Cheng Group?).
Having considered the due diligence findings and the current conditions of the PRC real
estate market, the Vendor and the Company entered into further discussions where they concluded that certain conditions precedent under the RTO Agreement were unlikely to
be fulfilled by the long-stop date of 22 November 2013. Accordingly, the Parties agreed to
revisit the transaction structure and agreed that the Company shall acquire only certain
assets in the Hua Cheng Group, being the Target Assets. For the avoidance of doubt, whilst
the RTO Agreement and the Sale and Purchase Agreement both pertain to the entire
share capital of Trechance, under the transaction structure constituted by the RTO
Agreement it was envisaged that Trechance would own substantially and significantly
more properties (the ?RTO Structure?) when compared to the amount of properties
envisaged to be owned by Trechance under the transaction structure proposed to be
constituted by the Sale and Purchase Agreement (the ?New Proposed Structure?).
The properties to be included in the New Proposed Structure are the properties which the
Board has assessed to be those that are of better value and development potential at this
point (relative to the other properties under the RTO Structure which are not included in
the New Proposed Structure). The Company may in future after further assessment,
proceed to purchase the other properties under the RTO Structure which are not included
in the New Proposed Structure. However, the Company will only do so if it has sufficient
resources and such purchase enhances shareholders? value and falls within what
management deems to be acceptable risk levels. The Company will make the relevant
announcements if it decides to proceed with such purchase.
Notwithstanding that the Target Assets were loss making for FY2012, the Board is of the
view that the Proposed Acquisition is in the best interests of the Company as it represents
an opportunity for the Company to expand its property business incrementally and
diversify its portfolio internationally, as well as to supplement its revenue stream with
additional income. In this regard, the Company expects Xiao Cheng Gu Shi, the main
property in the portfolio of the Target Assets, to generate revenue for the Group after its
expected completion in 2014
(a) a deed of termination pursuant to which the Company and the Vendor have
terminated the RTO Agreement (the ?Deed of Termination?) and
(b) a sale and purchase agreement (the ?Sale and Purchase Agreement?) pursuant to
which the Company shall acquire from the Vendor the entire issued and paid-up
share capital of Trechance (the ?Proposed Acquisition?) for a consideration of
RMB22,500,000 (the ?Consideration?), which is to be satisfied in full by the issue of
(i) 128,576,982 new ordinary shares (the ?Consideration Shares?) at the issue price
of S$0.007 for each Consideration Share to the Vendor (or its designated nominees
as it may direct) and (ii) a S$3,600,000 in aggregate principal amount of 5% bond
due 2015 (the ?Bond?) to the Vendor.
SELLall ( Date: 26-Aug-2013 08:39) Posted:
|
RTO ... dead...
Same SSH dumped 117,751,000shares on 21/8. This time better px. at 0.008.
Total 150millionshare sold in 2 days.
sk6666 ( Date: 21-Aug-2013 10:37) Posted:
|
Ha ha...thanks bro. Got mislead by the hot buy Q @0.009 and tot can go higher. Now Kanna stuck. Jia lut
Can.. if u help buy up haha.. (joking). Think after these 2-3 days volume will need wait a while again. Bro Cedar101 should be holding on still?
U see can come bk to 0.009?
in the proposed RTO by Hua Neng properties, the price is accounted as 2 cts before consol, the premium is over 200%. That is confusing.
Kena sell down again. Sometimes the buy Q will "disappear" or "shrink" suddenly before a dump which I noticed.. anyway I suppose got to hold out a couple months more for rights n consol?
did anyone catch that HUGE dump at 0.008?
over 100million buy queue GONE in seconds......
bb contribute,,,,,,0,009 profit,,,,,,,,0.008 profit and break even.......retail hold baby
hmm.. hoping today can close at .01.. since so many entered at .009..
No funds to buy some at 0.007 earlier. But wonder any reason for the buy up these two days?
wad is cooking here... I still stuck waiting to clear
cleared all at 0.009. bought 2 days ago at 0.007. no eyes see if it go higher. good luck to all!
sudden push 0.01 liao
Despite heavy sell Q still maintaining pace and price..
Yes i noticed also.. maybe BB rotating to play other counters