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beng1102 Elite	12-Nov-2021 20:00        beng1102 About Contact  Quote this Post!
x 1   x 0  Alert Admin	For people who are still short, I think take action fast to buy from someone who is will to let go below $2.  Most of us are waiting for more than $2.  So time is running out for shortists. beng1102      ( Date: 12-Nov-2021 18:22) Posted: The business is in China  So finding very rich investors /funding is not a issue. 1035834      ( Date: 12-Nov-2021 15:59) Posted: the management plan will likely to be buy-back 10% of market share from existing shareholders as they can using company money to buy back. Then remaining will give offer to exit . This can help to minimise the cash they need take out .
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beng1102 Elite	12-Nov-2021 18:22        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The business is in China  So finding very rich investors /funding is not a issue. 1035834      ( Date: 12-Nov-2021 15:59) Posted: the management plan will likely to be buy-back 10% of market share from existing shareholders as they can using company money to buy back. Then remaining will give offer to exit . This can help to minimise the cash they need take out .
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nott1965 Veteran	12-Nov-2021 16:38        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	wait till you see the concrete offer, it is still another trick to hoodwink the poor shareholders beng1102      ( Date: 12-Nov-2021 15:59) Posted: Delisting and buy back is on the table.  U r still living in the Japanese occupation time. nott1965      ( Date: 12-Nov-2021 14:00) Posted: Just read this BT analysis, ' Sales of DR' s Secret in China: Best World' s best-kept secret? 2 years ago before suspension. No flag yet doesn t mean all is well. Auditor got fired probably because want to dig too much. not lenient
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beng1102 Elite	12-Nov-2021 15:59        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Delisting and buy back is on the table.  U r still living in the Japanese occupation time. nott1965      ( Date: 12-Nov-2021 14:00) Posted: Just read this BT analysis, ' Sales of DR' s Secret in China: Best World' s best-kept secret? 2 years ago before suspension. No flag yet doesn t mean all is well. Auditor got fired probably because want to dig too much. not lenient? beng1102      ( Date: 12-Nov-2021 13:56) Posted: Of course, every professional body has it own code of conducts. BW must give a attractive offer price, otherwise it would suffer from negative goodwill when try to relist in other exchanges
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1035834 Senior	12-Nov-2021 15:59        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	the management plan will likely to be buy-back 10% of market share from existing shareholders as they can using company money to buy back. Then remaining will give offer to exit . This can help to minimise the cash they need take out .
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ttbanthony Veteran	12-Nov-2021 15:28        ttbanthony About Contact  Quote this Post!
x 0   x 0  Alert Admin	First offer price: $1.30 Don?t accept and they will likely up. Final likely to be $1.80 These are two beautiful women. They have been nice to shareholders Let?s be grateful.
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1035834 Senior	12-Nov-2021 15:27        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	the last share buy back price offered by company from market is SGD 1.80 , so i guess the range should be SGD 1.80- SGD 2.06. My guess will offer the max of SGD 2.06 to shareholders as the value of the company should be more than 2 years ago.  like2learn      ( Date: 12-Nov-2021 15:23) Posted: --- Post Removed by User ---
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1035834 Senior	12-Nov-2021 15:18        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes , the max is SGD 2.06 if offer by management through off -market .  like2learn      ( Date: 12-Nov-2021 15:09) Posted: --- Post Removed by User ---
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zillion Master	12-Nov-2021 15:11        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	it is fraud and done by the 2 PBMs damsels. Bring shame to our President who grants such titles yearly. phongy45      ( Date: 12-Nov-2021 13:18) Posted: wasn' t any fraud? like2learn      ( Date: 12-Nov-2021 12:37) Posted: --- Post Removed by User ---
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1035834 Senior	12-Nov-2021 15:02        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	so those shareholders , the short seller at least need to offer greater than SGD 2.06 to buy over from you if anyone want to offer to buy over from you. 1035834      ( Date: 12-Nov-2021 15:00) Posted: In the case of Off-Market Purchases by the Company: Assuming the Company purchases or acquires 54,410,011 Shares at the maximum price of S$2.0592 for one (1) Share (being the price equivalent to 20% above the average of the closing market prices of the Shares over the five (5) Market Days on which transactions in the Shares were recorded immediately preceding the Latest Practicable Date), the maximum amount of funds required for the purchase or acquisition of 54,410,011 Shares (representing approximately 10% of the issued ordinary share capital of the Company (excluding treasury shares and subsidiary holdings) as at the Latest Practicable Date, which is the maximum number of Shares the Company is allowed to purchase) under and during the duration of the Share Buyback Mandate, is approximately S$112,041,000.
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phongy45 Senior	12-Nov-2021 15:01        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	esp. those enter $2.50 and above  nott1965      ( Date: 12-Nov-2021 14:15) Posted: Any which way, Kateks and Shareholders are the losers. The only ones laughing to the banks are the cahoot of management 1035834      ( Date: 12-Nov-2021 14:10) Posted: compare to short-seller need to pay interest for their short position , shareholders still in better position . If too low offer, what is the rationale to accept ? That y the management open another route for those shareholders thirst for cash to buy back their share.
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1035834 Senior	12-Nov-2021 15:00        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the case of Off-Market Purchases by the Company: Assuming the Company purchases or acquires 54,410,011 Shares at the maximum price of S$2.0592 for one (1) Share (being the price equivalent to 20% above the average of the closing market prices of the Shares over the five (5) Market Days on which transactions in the Shares were recorded immediately preceding the Latest Practicable Date), the maximum amount of funds required for the purchase or acquisition of 54,410,011 Shares (representing approximately 10% of the issued ordinary share capital of the Company (excluding treasury shares and subsidiary holdings) as at the Latest Practicable Date, which is the maximum number of Shares the Company is allowed to purchase) under and during the duration of the Share Buyback Mandate, is approximately S$112,041,000.
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nott1965 Veteran	12-Nov-2021 14:15        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any which way, Kateks and Shareholders are the losers. The only ones laughing to the banks are the cahoot of management 1035834      ( Date: 12-Nov-2021 14:10) Posted: compare to short-seller need to pay interest for their short position , shareholders still in better position . If too low offer, what is the rationale to accept ? That y the management open another route for those shareholders thirst for cash to buy back their share.  nott1965      ( Date: 12-Nov-2021 14:07) Posted: wonder why the company needs to make shareholders happy? If want to, suspenssion would not have occurred, They will probably make a low ball offer if ever, then if rejected, can always said they had done their best. Shareholders can only L
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1035834 Senior	12-Nov-2021 14:10        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	compare to short-seller need to pay interest for their short position , shareholders still in better position . If too low offer, what is the rationale to accept ? That y the management open another route for those shareholders thirst for cash to buy back their share.  nott1965      ( Date: 12-Nov-2021 14:07) Posted: wonder why the company needs to make shareholders happy? If want to, suspenssion would not have occurred, They will probably make a low ball offer if ever, then if rejected, can always said they had done their best. Shareholders can only LL 1035834      ( Date: 12-Nov-2021 14:00) Posted: New delisting rule will force the offeror to make attractive offer price to minority shareholders or independent shareholders (75% must happy with the price) or will fail the delisting .  Not like last time only more than 10% disagree then can call off the delisting. The new rules provide more protection to minority.
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nott1965 Veteran	12-Nov-2021 14:07        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	wonder why the company needs to make shareholders happy? If want to, suspenssion would not have occurred, They will probably make a low ball offer if ever, then if rejected, can always said they had done their best. Shareholders can only LL 1035834      ( Date: 12-Nov-2021 14:00) Posted: New delisting rule will force the offeror to make attractive offer price to minority shareholders or independent shareholders (75% must happy with the price) or will fail the delisting .  Not like last time only more than 10% disagree then can call off the delisting. The new rules provide more protection to minority.  beng1102      ( Date: 12-Nov-2021 13:56) Posted: Of course, every professional body has it own code of conducts. BW must give a attractive offer price, otherwise it would suffer from negative goodwill when try to relist in other exchanges
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1035834 Senior	12-Nov-2021 14:06        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	They also risk their license if auditors found out but not reported . there is no proof of fraudulent so far either from EY or PwC  , so also no fair to keep suspect management .  phongy45      ( Date: 12-Nov-2021 14:02) Posted: look like, likely no fraud .. i wonder , WHY EY and the rest past auditors are not telling us the true .. investors , wants and needs to know the true reasons ..    1035834      ( Date: 12-Nov-2021 13:28) Posted: if there is fraud, EY has obligation to notify audit committee and need to make an annoucement , there is listing ruling to govern all these fraud matters under  SGX LISTING RULE 719 (2) http://rulebook.sgx.com/rulebook/719-0
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phongy45 Senior	12-Nov-2021 14:02        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	look like, likely no fraud .. i wonder , WHY EY and the rest past auditors are not telling us the true .. investors , wants and needs to know the true reasons ..    1035834      ( Date: 12-Nov-2021 13:28) Posted: if there is fraud, EY has obligation to notify audit committee and need to make an annoucement , there is listing ruling to govern all these fraud matters under  SGX LISTING RULE 719 (2) http://rulebook.sgx.com/rulebook/719-0  phongy45      ( Date: 12-Nov-2021 13:18) Posted: wasn' t any fraud
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1035834 Senior	12-Nov-2021 14:00        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	New delisting rule will force the offeror to make attractive offer price to minority shareholders or independent shareholders (75% must happy with the price) or will fail the delisting .  Not like last time only more than 10% disagree then can call off the delisting. The new rules provide more protection to minority.  beng1102      ( Date: 12-Nov-2021 13:56) Posted: Of course, every professional body has it own code of conducts. BW must give a attractive offer price, otherwise it would suffer from negative goodwill when try to relist in other exchanges. 1035834      ( Date: 12-Nov-2021 13:28) Posted: if there is fraud, EY has obligation to notify audit committee and need to make an annoucement , there is listing ruling to govern all these fraud matters under  SGX LISTING RULE 719 (2) http://rulebook.sgx.com/rulebook/719-0
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nott1965 Veteran	12-Nov-2021 14:00        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just read this BT analysis, ' Sales of DR' s Secret in China: Best World' s best-kept secret? 2 years ago before suspension. No flag yet doesn t mean all is well. Auditor got fired probably because want to dig too much. not lenient? beng1102      ( Date: 12-Nov-2021 13:56) Posted: Of course, every professional body has it own code of conducts. BW must give a attractive offer price, otherwise it would suffer from negative goodwill when try to relist in other exchanges. 1035834      ( Date: 12-Nov-2021 13:28) Posted: if there is fraud, EY has obligation to notify audit committee and need to make an annoucement , there is listing ruling to govern all these fraud matters under  SGX LISTING RULE 719 (2) http://rulebook.sgx.com/rulebook/719-0
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beng1102 Elite	12-Nov-2021 13:56        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Of course, every professional body has it own code of conducts. BW must give a attractive offer price, otherwise it would suffer from negative goodwill when try to relist in other exchanges. 1035834      ( Date: 12-Nov-2021 13:28) Posted: if there is fraud, EY has obligation to notify audit committee and need to make an annoucement , there is listing ruling to govern all these fraud matters under  SGX LISTING RULE 719 (2) http://rulebook.sgx.com/rulebook/719-0  phongy45      ( Date: 12-Nov-2021 13:18) Posted: wasn' t any fraud
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