First dispose, then RTO?
WanSiTong ( Date: 08-Jun-2016 19:51) Posted:AN IMPORTANT ANNOUNCEMENT...7/6/16
UPDATE ON THE PROPOSED DISPOSAL BY ADDVALUE TECHNOLOGIES
LTD (THE " COMPANY" ) OF THE ENTIRE ORDINARY SHARE CAPITAL OF ITS
WHOLLY-OWNED SUBSIDIARY, ADDVALUE COMMUNICATIONS PTE LTD
( " AVC" ), CONSTITUTED BY 1,100,000,000 ORDINARY SHARES HELD BY THE
COMPANY (THE " AVC SHARES" ) TO Glorious Tiancheng (Beijing) Technology Co., Ltd. (THE
" BUYER" ) FOR CASH (THE " DISPOSAL" )Reference is made to the announcement made by the Company on 25 March 2014
in connection with the conditional sale and purchase agreement the Company
entered into with the Buyer on 24 March 2014 concerning the Disposal (the " S & P
Agreement " ) and the various announcements made subsequently by the Company
(Specifically or as a progress report contained in the periodic quarterly results
announcement) in updating the status of the Disposal, the latest being made on 30
May 2016 wherein the shareholders of the Company (the " Shareholders" ) were
informed that the Company has had then advanced closer to firming up the key
revised terms governing the Disposal with the Buyer.The Board of Directors of the Company hereby would like to inform Shareholders
that the Buyer has affirmed the following key revised terms governing the Disposal
(The " Key Revised Terms" ):1. The total consideration in cash for the Disposal is to be revised from S $ 330
million to S $ 308 million and2. Subject to the terms of the S & P Agreement (including the conditions to be
fulfilled prior to completion), both the Company and the Buyer are to work
towards completing the Disposal within four months from the date hereof.
WanSiTong ( Date: 08-Jun-2016 19:51) Posted:
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AN IMPORTANT ANNOUNCEMENT...7/6/16 UPDATE ON THE PROPOSED DISPOSAL BY ADDVALUE TECHNOLOGIES Reference is made to the announcement made by the Company on 25 March 2014 The Board of Directors of the Company hereby would like to inform Shareholders 1. The total consideration in cash for the Disposal is to be revised from S $ 330 2. Subject to the terms of the S & P Agreement (including the conditions to be |
well.. i wonder how long will SGX tolerate this company. Keep telling stories of takeover, buyover endlessly.
But anyway, this counter can speculate .. i think some of bros here already take profit for a big cup of kopi $$$ liao 🙂
My 20 cents dream no more liao..
yes.. all their take over annoucements, not one got substance.. Every single annoucement " talk" only.Now it seems that the china deal is off liao becos got " another" going to take over.
haha.. amazing sgx allow them to keep the game going with endless annoucement of takeovers since 2009
My 20 cents dream no more liao..
yes.. all their take over annoucements, not one got substance.. Every single annoucement " talk" only.Now it seems that the china deal is off liao becos got " another" going to take over.
haha.. amazing sgx allow them to keep the game going with endless annoucement of takeovers since 2009
so much talk here but no substance, only speculation hahaha
yes.. all their take over annoucements, not one got substance.. Every single annoucement " talk" only.
Now it seems that the china deal is off liao becos got " another" going to take over.
haha.. amazing sgx allow them to keep the game going with endless annoucement of takeovers since 2009
so much talk here but no substance, only speculation hahaha
This company keeps annoucing " potential" take over since 2009, not one materised.
Now the china deal, 2 years already is not even confirmed yet, they annouce another potential take over..
Well, good for speculation.. There are many supporters shouting huat har rocket har..
spot on.. their way of keeping the game going 🙂
haha.. i think even if the china deal is off, they will say they have open negotiation with another interested party .. in order to keep the game going:)let us wait for the annoucement
spot on.. their way of keeping the game going 🙂
haha.. i think even if the china deal is off, they will say they have open negotiation with another interested party .. in order to keep the game going:)let us wait for the annoucement
Famious charting say if can go 3.6c target 6c don't zhun boh..
matching @ 0.04 and 0.041
Edited for your easy reading...
The Company' s response:
The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading.
However, the Company wishes to inform Shareholders that it has been approached by an unrelated third party indicating, on a preliminary basis, an intention to consider taking a significant interest in the Company that may result in a change of control. The Company is currently reaching out to the said party to clarify its intention.
The Company&rsquo s response: The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading. However, the Company wishes to inform Shareholders that it has been approached by an unrelated third party indicating, on a preliminary basis, an intention to consider taking a significant interest in the Company that may result in a change of control. The Company is currently reaching out to the said party to clarify its intention. As there is no assurance or certainty that any transaction will materalise, Shareholders and potential investors should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take, if any. The Company whalt lifting at 2.30.. lol
more speculation incoming??
no news means good news?
sell down after market resume????
The Company&rsquo s response: The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading. However, the Company wishes to inform Shareholders that it has been approached by an unrelated third party indicating, on a preliminary basis, an intention to consider taking a significant interest in the Company that may result in a change of control. The Company is currently reaching out to the said party to clarify its intention. As there is no assurance or certainty that any transaction will materalise, Shareholders and potential investors should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take, if any. The Company whalt lifting at 2.30.. lol
The Company&rsquo s response: The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading. However, the Company wishes to inform Shareholders that it has been approached by an unrelated third party indicating, on a preliminary basis, an intention to consider taking a significant interest in the Company that may result in a change of control. The Company is currently reaching out to the said party to clarify its intention. As there is no assurance or certainty that any transaction will materalise, Shareholders and potential investors should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take, if any. The Company w
halt lifting at 2.30.. lol
bro, some pp will not read all these things want lah...they depend on gut feel n start to speculate that deal fail. it is this 'them vs us' mentality that ensure such pp stay as small fish forever. before start to speculate, must understand how m&a works in the biz world. it is not marketing at the wet mkt lol
From the annual report. Seems Buyer ask to revise cash consideration to $308 million, deal likely on.THE PENDING DISPOSAL OF ADDVALUE COMMUNICATIONS PTE LTD (&ldquo AVC&rdquo ) With regard to the Company&rsquo s pending disposal of the entire ordinary shares capital of its wholly-owned subsidiary, Addvalue Communications Pte Ltd (&ldquo AVC&rdquo ), constituted by 1,100,000,000 ordinary shares held by the Company, to an unrelated third party buyer, 天 成 恒 盛 (北 京 )科 技 有 限 公 司 (the &ldquo Buyer&rdquo ), for a cash consideration of S$330 million (the &ldquo Pending Disposal&rdquo ) pursuant to a conditional sale and purchase agreement entered into on 24 March 2014 (the &ldquo S& P Agreement&rdquo ), the Buyer has had recently affirmed, among others, to revise the total cash consideration for the Pending Disposal to S$308 million, subject to the terms of the S& P Agreement (including the conditions to be fulfilled prior to completion) and a supplemental agreement to be finalised and entered into between the Company and the Buyer.
Very true indeed...
From the annual report. Seems Buyer ask to revise cash consideration to $308 million, deal likely on.
THE PENDING DISPOSAL OF ADDVALUE COMMUNICATIONS PTE LTD (&ldquo AVC&rdquo ) With regard to the Company&rsquo s pending disposal of the entire ordinary shares capital of its wholly-owned subsidiary, Addvalue Communications Pte Ltd (&ldquo AVC&rdquo ), constituted by 1,100,000,000 ordinary shares held by the Company, to an unrelated third party buyer, 天 成 恒 盛 (北 京 )科 技 有 限 公 司 (the &ldquo Buyer&rdquo ), for a cash consideration of S$330 million (the &ldquo Pending Disposal&rdquo ) pursuant to a conditional sale and purchase agreement entered into on 24 March 2014 (the &ldquo S& P Agreement&rdquo ), the Buyer has had recently affirmed, among others, to revise the total cash consideration for the Pending Disposal to S$308 million, subject to the terms of the S& P Agreement (including the conditions to be fulfilled prior to completion) and a supplemental agreement to be finalised and entered into between the Company and the Buyer.
Very true indeed...
so much talk here but no substance, only speculation hahaha
