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8221-8240 of 11116
after convert almost 3b share together with last night placement. this placement is far too minor.
still don get it the need to announce during mid-day with a trade halt.
or a strategy to catch attention.
true. anti-climax but got to be in it if want kopi lui
ching96 ( Date: 29-Jan-2013 14:52) Posted:
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How come they never halt when I buy that much?? LOL
ching96 ( Date: 29-Jan-2013 14:52) Posted:
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LOL... But still a positive news.... Placement fast while still cheap..... It mean it is going to charge up very fierce..... Enjoy...
why a small placement make it such a big deal to call for trade halt??
can always announce after market closed!!
my broker just told me 3:15pm.
PROPOSED PLACEMENT OF 90,000,000 NEW ORDINARY SHARES
A. PLACEMENT
The Board of Directors of Ipco International Limited (the " Company" ) wishes to announce that the Company has entered into a subscription agreement dated 29 January 2013 (" Subscription Agreement" ) with the following person (the " Placee" ), whereby the Placee have agreed to subscribe for the following respective amounts of new ordinary shares in the capital of the Company (“Placement Shares”) (totaling 90,000,000 new Placement Shares) at the issue price of S$0.02052 for each Placement Share (“Issue Price”) to raise S$1,846,800, subject to and upon the terms of the Subscription Agreement (the “Proposed Placement”):-
Name of Placee
Joanne Ng Siong Ngee
Number of Placement Shares Subscribed
90,000,000
As a percentage of existing issued share capital as at the date of this announcement(1)
1.931
As a percentage of enlarged issued share capital enlarged issued share capital of the Company(2)
1.894
Notes:-
(1) Based on existing issued share capital of 4,660,799,986 Shares of the Company
(2) Based on enlarged issued share capital of 4,750,799,986 Shares after the placement of 90,000,000 Placement Shares
The Company is undertaking the Proposed Placement to raise funds for working capital purposes and short term investments.
The Proposed Placement will be undertaken by way of a private placement in accordance with Section 272B of the Securities and Futures Act (Cap 289). As such, no prospectus or offer information statement will be issued by the Company in connection with the Proposed Placement.
B. ISSUE PRICE
The Issue Price represents a discount of approximately 10% to the volume weighted average price of S$0.0228 for trades done on the ordinary shares in the capital (“Shares”) of the Company on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on the preceding market day up to the time the Subscription Agreement is signed.
The Placee is an individual who was introduced to the Company by the Chief Executive Officer, Ms Quah Su Ling.
The Placee is a private individual, Joanne Ng Siong Ngee, who has business interests in the medical aesthetics and the property industries. Ms Ng has run a medical aesthetics business in Singapore for many years and also has had a long term business relationship with the Julius Baer Group, a leading Swiss private banking group, that has an exclusive focus on servicing and advising private clients.
No placement commission will be payable for the Proposed Placement.
As at the date of the Subscription Agreement, the Placee does not hold any Shares in the Company.
A. PLACEMENT
The Board of Directors of Ipco International Limited (the " Company" ) wishes to announce that the Company has entered into a subscription agreement dated 29 January 2013 (" Subscription Agreement" ) with the following person (the " Placee" ), whereby the Placee have agreed to subscribe for the following respective amounts of new ordinary shares in the capital of the Company (“Placement Shares”) (totaling 90,000,000 new Placement Shares) at the issue price of S$0.02052 for each Placement Share (“Issue Price”) to raise S$1,846,800, subject to and upon the terms of the Subscription Agreement (the “Proposed Placement”):-
Name of Placee
Joanne Ng Siong Ngee
Number of Placement Shares Subscribed
90,000,000
As a percentage of existing issued share capital as at the date of this announcement(1)
1.931
As a percentage of enlarged issued share capital enlarged issued share capital of the Company(2)
1.894
Notes:-
(1) Based on existing issued share capital of 4,660,799,986 Shares of the Company
(2) Based on enlarged issued share capital of 4,750,799,986 Shares after the placement of 90,000,000 Placement Shares
The Company is undertaking the Proposed Placement to raise funds for working capital purposes and short term investments.
The Proposed Placement will be undertaken by way of a private placement in accordance with Section 272B of the Securities and Futures Act (Cap 289). As such, no prospectus or offer information statement will be issued by the Company in connection with the Proposed Placement.
B. ISSUE PRICE
The Issue Price represents a discount of approximately 10% to the volume weighted average price of S$0.0228 for trades done on the ordinary shares in the capital (“Shares”) of the Company on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on the preceding market day up to the time the Subscription Agreement is signed.
The Placee is an individual who was introduced to the Company by the Chief Executive Officer, Ms Quah Su Ling.
The Placee is a private individual, Joanne Ng Siong Ngee, who has business interests in the medical aesthetics and the property industries. Ms Ng has run a medical aesthetics business in Singapore for many years and also has had a long term business relationship with the Julius Baer Group, a leading Swiss private banking group, that has an exclusive focus on servicing and advising private clients.
No placement commission will be payable for the Proposed Placement.
As at the date of the Subscription Agreement, the Placee does not hold any Shares in the Company.
Any idea when trading halt will be lifted? if resume 2moro could be gap up and all the queueing will be naught.
Who is risktaker? from chartnexus maybe... lol
stevenlim109 ( Date: 29-Jan-2013 14:09) Posted:
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when would they make the announcement?
sian man...
sifu isolator can u pass me sifu risktaker no or email?
Isolator ( Date: 29-Jan-2013 14:07) Posted:
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My portfolio will never be cold... you watch carefully..... last call for HLH....good luck...
Nopainnogain ( Date: 29-Jan-2013 14:00) Posted:
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ya la... that counter is so cold....
if buy... need to wait till die..
Isolator ( Date: 29-Jan-2013 13:51) Posted:
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Dont promote other counter here... if really need to... I promote HLH... LOL
longterminvestor ( Date: 29-Jan-2013 13:43) Posted:
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enjoy..... http://www.youtube.com/watch?v=ohgubqWxvG8
watch DATAPULSE...$0.21 to rally up
Be ready to put on seat belt... It is rocket that you will be riding on...
wow buy volume kept increasing and sell volume kept reduce...
ready existing to know what good news...
Short? Ur welcome to try lol
Like they all say.. Expect the unexpected
ahbinge ( Date: 29-Jan-2013 12:38) Posted:
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Ex-KL minister invests in Ipco
Money | Updated today at 01:42 AM
By Dennis Chan Deputy Money Editor
A MAVERICK Malaysian politician has got in on the act on the hottest stock on the market these days.
Former law minister Mohd Zaid Ibrahim has agreed to subscribe for 350 million new shares of Ipco International at 1.98 cents apiece.
The private share placement, which works out to $6.9 million, will give Mr Zaid a 7 per cent stake in Ipco's enlarged capital.
In a statement yesterday, Ipco said it is selling the shares to Mr Zaid to raise funds for working capital purposes and short-term investments.
The issue price represents a 10 per cent discount to the stock's weighted average price of 2.2 cents yesterday.
The statement said Mr Zaid was introduced to the company by its chief executive, Ms Quah Su Ling.
Ipco, which has a diversified portfolio of investments, has been on the radar of stock punters in recent weeks.
Since the start of the year, the stock has generated a daily average volume of 359 million shares. Amid frenzied trading on Jan 11, turnover crossed a billion shares.
Yesterday, Ipco was the most active counter on volume of 508.9 million shares.
Despite the intense interest from traders and investors, dealers said the stock had struggled to break out of the 2.2 cent to 2.4 cent price range.
They attributed this to the massive flood of new shares that were created as a result of the conversion of $60 million convertible notes into ordinary shares by two funds.
The conversion enlarged Ipco's issued capital by nearly three billion shares.
The entry of Mr Zaid will further balloon the issued capital from 4.66 billion shares to 5.01 billion shares.
Ipco said Mr Zaid " is well connected in Malaysia and in the region and the company can leverage on his extensive connections... and knowledge in the oil and gas industry in order to grow its own oil and gas business" .
A lawyer by training, Mr Zaid is also the founder of one of Malaysia's largest law firms.
However, it is unclear if his political ties will be a boon or hindrance to business.
Mr Zaid, who served as the de facto law minister in the Cabinet of former prime minister Abdullah Badawi, was sacked from the ruling Umno party in 2008 for attending opposition party events and assemblies.
He joined the opposition Parti Keadilan Rakyat soon after but left after just one year following a falling out with the party leadership.
He then set up a new party but his leadership proved shortlived amid bitter infighting.
dennis@sph.com.sg
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Go ahead. Short till your heart contents. :) Dont bleed ah..
ahbinge ( Date: 29-Jan-2013 12:38) Posted:
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