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Any Idea who is this person??

PhillipTan
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14-Jul-2021 15:57

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Catalist-listed M Development to delist from SGX on July 16

M Development will delist from the Singapore Exchange (SGX) at 9am on Friday, the company said in a regulatory filing on Wednesday.

This comes after all of the Catalist-listed IT solutions provider' s shareholders approved of the company' s plans to go private by means of a members' voluntary liquidation at an extraordinary general meeting that was held on March 23.

The company had earlier received a notification of delisting from SGX on Oct 16, 2020. Under Listing Rule 1309, the company must provide a fair and reasonable exit offer to shareholders, with the proposal within a month of such notice.

M Development has been a cash company since Sept 8, 2017, and said that it is in a net cash position with " no other feasible exit strategy immediately available" .

As such, the company saw that it was in the best interest of shareholders to undertake voluntary liquidation.

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newbie19
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11-Feb-2021 18:43

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Happy Lunar New Year to everyone here.. May Niu year brings good health not forgetting HUAT all the way to the banks..

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Joelton
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13-Nov-2020 09:13

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Catalist-listed M Development pursues voluntary liquidation

CATALIST-LISTED M Development intends to go private by means of a members' voluntary liquidation, it said in a Singapore Exchange (SGX) filing on Thursday evening.

This follows the Oct 16 notification of delisting which M Development received from SGX. In compliance with Listing Rule 1309, the company must provide a fair and reasonable exit offer to shareholders, with the proposal within a month of such notification.

In its Thursday announcement, M Development said that it had written to the SGX on Wednesday, stating its intention to make the exit offer by way of a members' voluntary liquidation.

The company has been a cash company since Sept 8, 2017. It is in a net cash position, and has " no other feasible exit strategy immediately available" , said M Development.

Taking all this into account, the company' s view is that it is in the best interest of shareholders to undertake voluntary liquidation.

For this, the company will convene an extraordinary general meeting (EGM) to seek shareholders' approval. A circular with further details will be despatched to shareholders.

M Development also provided an indicative timeline, noting that it is subject to change, depending on progress. The circular, for instance, may be despatched 13 weeks after the delisting proposal is approved by SGX, with the EGM held three weeks later.

M Development said it will make appropriate announcements when there are material developments, and advised shareholders to exercise caution.

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cowabunga
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23-Feb-2017 15:43

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Just whack any micro chip sure will Cheong

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johnng
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16-Feb-2017 19:02

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Coming soon???

cowabunga ( Date: 10-Jan-2017 10:18) Posted:

Micro-pennies can reap huge dividends as the price is low and nothing much to lose and all to gain!

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cowabunga
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10-Jan-2017 10:18

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Micro-pennies can reap huge dividends as the price is low and nothing much to lose and all to gain!

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lglg666
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01-Jul-2016 09:31

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Or this BB pumping it again?

KepoChicken ( Date: 13-Sep-2013 18:47) Posted:

The Board of Directors of M Development Ltd (Company) would like to welcome Mr Wang Ming

Liang, a new strategic investor of the Company.

Mr Wang holds 477,000,000 shares, representing 24.82% of the Companyâ??s share capital. The

announcement on the disclosure of interest of substantial shareholder is being released separately

to the Singapore Exchange Securities Trading Limited.

The Company believes that with Mr Wangâ??s vast business network in China and Indonesia, he can

assist the Company in its business expansion and investment opportunities.

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hmphie
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07-Jul-2014 15:24

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I think can wait for some time.

teddytan438 ( Date: 07-Jul-2014 13:44) Posted:

will it run soon?

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mavenkg
Member

07-Jul-2014 14:23

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Once accumulation completed, engine will start.

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teddytan438
Senior

07-Jul-2014 13:44

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will it run soon?

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mavenkg
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26-Jun-2014 10:47

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Accumulating mode...

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wiseguy1269
Veteran

19-Jun-2014 10:28

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At 1.1cts very easy for the Big Boys to move it. Not a question of " if" but.... " when"

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hmphie
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12-Jun-2014 10:54

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Wait...

mavenkg ( Date: 12-Jun-2014 10:04) Posted:

This counter had not moved hope that it will rebound soon.

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mavenkg
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12-Jun-2014 10:04

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This counter had not moved hope that it will rebound soon.

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fooodball
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05-May-2014 22:27

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price has dropped a lot.. any idea whats the strategic investor going to be up to?

good to enter now?

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hmphie
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14-Nov-2013 15:52

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Wang Ming Liang bought 5% of Figtree recently: http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3MonthsByCompanyNameAndCategory& F=1021962& fileId=FORM3_WangMingLiang.11Nov2013.pdf

He was also in NTI/M Devt in 2009: http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=Announcement4thYearDataByCompanyNameAndCategory& F=143290& fileId=NTI061109.pdf

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hmphie
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16-Sep-2013 14:19

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Cooking oil?

Tlc8888 ( Date: 16-Sep-2013 12:39) Posted:

Something might be cooking...

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Tlc8888
Member

16-Sep-2013 12:39

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Something might be cooking...

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hmphie
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16-Sep-2013 09:06

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Looks like China Corn Oil is listed in HK.

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=1006:HK

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SuperMonkey
Senior

13-Sep-2013 20:57

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Think is like China Celestial type of business???

But wasted.. if do a RTO in future , it will become a s-chip liow..

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