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1035834 Senior	12-Nov-2021 13:28        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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? like2learn      ( Date: 12-Nov-2021 12:37) Posted: --- Post Removed by User ---
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phongy45 Senior	12-Nov-2021 13:18        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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 12:41        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You need to have enough fund to privatise a company , not tat easy for BW as it is profitable and they never expect the SGX is standing so firm to require the company to get the direct selling license as resumption condition .  like2learn      ( Date: 12-Nov-2021 12:37) Posted: --- Post Removed by User ---
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beng1102 Elite	12-Nov-2021 12:30        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. If coupled wih other potential relisting, it could raise even more fund to buy out everyone at high price more than $2. 1035834      ( Date: 12-Nov-2021 12:04) Posted: SGX wanna the company get their direct selling license in China for all their products which selling in China before can let them resume trading , but this license has been ceased to issue few years ago , the resumption of trading mission is unlikely to achieve in short term so the mgmt just want to delist it and possibly re-list in other countries like Hong Kong since their profitability is so good . nott1965      ( Date: 12-Nov-2021 11:52) Posted: if real figures, would not have been suspended so long. what so difficult about complying with sgx rules if really have so much mone
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1035834 Senior	12-Nov-2021 12:04        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX wanna the company get their direct selling license in China for all their products which selling in China before can let them resume trading , but this license has been ceased to issue few years ago , the resumption of trading mission is unlikely to achieve in short term so the mgmt just want to delist it and possibly re-list in other countries like Hong Kong since their profitability is so good . nott1965      ( Date: 12-Nov-2021 11:52) Posted: if real figures, would not have been suspended so long. what so difficult about complying with sgx rules if really have so much money phongy45      ( Date: 12-Nov-2021 11:48) Posted: Cash and cash equivalents in the consolidated cash flow statement $380,817 reported at the latest report..
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beng1102 Elite	12-Nov-2021 11:53        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In theory it would be based on the buy back price for settlement. JarBinx      ( Date: 12-Nov-2021 11:46) Posted: What happens to people with CFD positions? Automatically settled with broker?
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nott1965 Veteran	12-Nov-2021 11:52        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	if real figures, would not have been suspended so long. what so difficult about complying with sgx rules if really have so much money phongy45      ( Date: 12-Nov-2021 11:48) Posted: Cash and cash equivalents in the consolidated cash flow statement $380,817 reported at the latest report..  nott1965      ( Date: 12-Nov-2021 11:46) Posted: auditor already run road. now new one. maybe must produce another magic act
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JarBinx Member	12-Nov-2021 11:46        JarBinx About Contact  Quote this Post!
x 0   x 0  Alert Admin	What happens to people with CFD positions? Automatically settled with broker?
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nott1965 Veteran	12-Nov-2021 11:46        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	auditor already run road. now new one. maybe must produce another magic act? phongy45      ( Date: 12-Nov-2021 11:07) Posted: past auditors have endorsed those cash in banks etc ? nott1965      ( Date: 12-Nov-2021 08:52) Posted: will be surprised if they really have the cash to pay out. If everything is real, sgx would not have suspended the counter for so lon
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phongy45 Senior	12-Nov-2021 11:07        phongy45 About Contact  Quote this Post!
x 0   x 0  Alert Admin	past auditors have endorsed those cash in banks etc ? nott1965      ( Date: 12-Nov-2021 08:52) Posted: will be surprised if they really have the cash to pay out. If everything is real, sgx would not have suspended the counter for so long ttbanthony      ( Date: 12-Nov-2021 04:10) Posted: I agree with you. That s why I stated less than $1. They appoint FA to advise them but company will appoint IFA to determine if the price is fair and reasonable. Like SCM, $0.08 was not fair and not reasonable. With NAV at less than $0.80, if their offer is less than $1.00 which I expect as the lowest band, $1 is fair but not necessarily reasonable. If price if $1.50, it will probably be reasonable. I would say the offer price will be lowest $0.90 to max $2.00 Based on what these two beauties did, they have been fair and reasonable over the years of listing giving good dividends and stuff. I will expect $1.30 range first cut. We will reject and they will likely up it like OSIM style, upped 3 times if I remember
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beng1102 Elite	12-Nov-2021 10:57        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes.  There is some methodology like this.  Likely a partial buy back is prefered.  The major shareholders want a high pay out so likely would be more than $2.    Also they always deny short seller accusation, so this is a good opportunity to redemp themsel ves. zillion      ( Date: 12-Nov-2021 10:42) Posted: SGX should use past 1 year' s high to determine the delisting price. Not anyhow use nta which the stock market trading does not look at all.
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zillion Master	12-Nov-2021 10:42        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX should use past 1 year' s high to determine the delisting price. Not anyhow use nta which the stock market trading does not look at all.
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beng1102 Elite	12-Nov-2021 10:40        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U would go to market to buy something only to realize that u have no money.  lol.  Joke of the day. nott1965      ( Date: 12-Nov-2021 08:52) Posted: will be surprised if they really have the cash to pay out. If everything is real, sgx would not have suspended the counter for so long ttbanthony      ( Date: 12-Nov-2021 04:10) Posted: I agree with you. That s why I stated less than $1. They appoint FA to advise them but company will appoint IFA to determine if the price is fair and reasonable. Like SCM, $0.08 was not fair and not reasonable. With NAV at less than $0.80, if their offer is less than $1.00 which I expect as the lowest band, $1 is fair but not necessarily reasonable. If price if $1.50, it will probably be reasonable. I would say the offer price will be lowest $0.90 to max $2.00 Based on what these two beauties did, they have been fair and reasonable over the years of listing giving good dividends and stuff. I will expect $1.30 range first cut. We will reject and they will likely up it like OSIM style, upped 3 times if I remember
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1035834 Senior	12-Nov-2021 10:39        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX updated its delisting rule that offeror need to get at least 75% of minority shareholders or independent shareholders to accept , the offeror can' t vote ,so if offer too low will get rejected . All you said is based on old rules. ttbanthony      ( Date: 12-Nov-2021 04:10) Posted: I agree with you. That s why I stated less than $1. They appoint FA to advise them but company will appoint IFA to determine if the price is fair and reasonable. Like SCM, $0.08 was not fair and not reasonable. With NAV at less than $0.80, if their offer is less than $1.00 which I expect as the lowest band, $1 is fair but not necessarily reasonable. If price if $1.50, it will probably be reasonable. I would say the offer price will be lowest $0.90 to max $2.00 Based on what these two beauties did, they have been fair and reasonable over the years of listing giving good dividends and stuff. I will expect $1.30 range first cut. We will reject and they will likely up it like OSIM style, upped 3 times if I remember. softdrink      ( Date: 12-Nov-2021 01:29) Posted: Since delisting is one of the option, let us all face some facts. The majority of the shares are being own by those 2 lady bosses right? Lets be rational and swap places. If you are both of them, would you do a share buy back at a higher price or at a lower price? If they can do a share buy back at a lower price, why would they offer a higher premium? You can vote and chose not to sell your shares back. Untimately, you will only become their paper share holder. Put it this way, an example would be they offer to delist at $0.50. You want, you take the offer. If not, welcome you to become their share holder off market. I agree that this one really suck thumb. NAV is only $0.79 Give it a premium 15% Offer would be around $0.90 - $1.50 at most
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nott1965 Veteran	12-Nov-2021 08:52        nott1965 About Contact  Quote this Post!
x 0   x 0  Alert Admin	will be surprised if they really have the cash to pay out. If everything is real, sgx would not have suspended the counter for so long ttbanthony      ( Date: 12-Nov-2021 04:10) Posted: I agree with you. That s why I stated less than $1. They appoint FA to advise them but company will appoint IFA to determine if the price is fair and reasonable. Like SCM, $0.08 was not fair and not reasonable. With NAV at less than $0.80, if their offer is less than $1.00 which I expect as the lowest band, $1 is fair but not necessarily reasonable. If price if $1.50, it will probably be reasonable. I would say the offer price will be lowest $0.90 to max $2.00 Based on what these two beauties did, they have been fair and reasonable over the years of listing giving good dividends and stuff. I will expect $1.30 range first cut. We will reject and they will likely up it like OSIM style, upped 3 times if I remember. softdrink      ( Date: 12-Nov-2021 01:29) Posted: Since delisting is one of the option, let us all face some facts. The majority of the shares are being own by those 2 lady bosses right? Lets be rational and swap places. If you are both of them, would you do a share buy back at a higher price or at a lower price? If they can do a share buy back at a lower price, why would they offer a higher premium? You can vote and chose not to sell your shares back. Untimately, you will only become their paper share holder. Put it this way, an example would be they offer to delist at $0.50. You want, you take the offer. If not, welcome you to become their share holder off market. I agree that this one really suck thumb. NAV is only $0.79 Give it a premium 15% Offer would be around $0.90 - $1.50 at most
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investshare Supreme	12-Nov-2021 07:14        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am surprise if they can really make an offer. Wait to see.
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Tracer63 Elite	12-Nov-2021 06:43        Tracer63 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Best World Intl posts 11.1% decline in Q3 profit mulling over a delisting Best World Intl posts 11.1% decline in Q3 profit mulling over a delisting https://www.businesstimes.com.sg/companies-markets/best-world-intl-posts-111-decline-in-q3-profit-mulling-over-a-delisting
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ttbanthony Veteran	12-Nov-2021 04:10        ttbanthony About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree with you. That s why I stated less than $1. They appoint FA to advise them but company will appoint IFA to determine if the price is fair and reasonable. Like SCM, $0.08 was not fair and not reasonable. With NAV at less than $0.80, if their offer is less than $1.00 which I expect as the lowest band, $1 is fair but not necessarily reasonable. If price if $1.50, it will probably be reasonable. I would say the offer price will be lowest $0.90 to max $2.00 Based on what these two beauties did, they have been fair and reasonable over the years of listing giving good dividends and stuff. I will expect $1.30 range first cut. We will reject and they will likely up it like OSIM style, upped 3 times if I remember. softdrink      ( Date: 12-Nov-2021 01:29) Posted: Since delisting is one of the option, let us all face some facts. The majority of the shares are being own by those 2 lady bosses right? Lets be rational and swap places. If you are both of them, would you do a share buy back at a higher price or at a lower price? If they can do a share buy back at a lower price, why would they offer a higher premium? You can vote and chose not to sell your shares back. Untimately, you will only become their paper share holder. Put it this way, an example would be they offer to delist at $0.50. You want, you take the offer. If not, welcome you to become their share holder off market. I agree that this one really suck thumb. NAV is only $0.79 Give it a premium 15% Offer would be around $0.90 - $1.50 at most
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softdrink Member	12-Nov-2021 03:46        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is consider fair value? Is this your first day in trading? Did you not know of dirty tricks? 20% premium of book value fair? 10% premium of last trading price fair? Take a look at those delisted company and what was their last offer. Be it long or be it short position, all are being tied up. We have total no say in all these. We are just minor retailers.    1035834      ( Date: 12-Nov-2021 02:58) Posted: SGX makes key changes to delisting rules to protect independent and minority shareholders https://www.straitstimes.com/business/companies-markets/sgx-makes-key-changes-to-delisting-rules-exit-offers-must-be-fair   The offer price need to be fair to all shareholders based on the latest SGX ruling. Short seller should be worries how to cover their portion if delisted with decent price especially the company profitability is quite good since suspension.  softdrink      ( Date: 12-Nov-2021 01:29) Posted: Since delisting is one of the option, let us all face some facts. The majority of the shares are being own by those 2 lady bosses right? Lets be rational and swap places. If you are both of them, would you do a share buy back at a higher price or at a lower price? If they can do a share buy back at a lower price, why would they offer a higher premium? You can vote and chose not to sell your shares back. Untimately, you will only become their paper share holder. Put it this way, an example would be they offer to delist at $0.50. You want, you take the offer. If not, welcome you to become their share holder off market. I agree that this one really suck thumb. NAV is only $0.79 Give it a premium 15% Offer would be around $0.90 - $1.50 at most
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1035834 Senior	12-Nov-2021 02:58        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX makes key changes to delisting rules to protect independent and minority shareholders https://www.straitstimes.com/business/companies-markets/sgx-makes-key-changes-to-delisting-rules-exit-offers-must-be-fair   The offer price need to be fair to all shareholders based on the latest SGX ruling. Short seller should be worries how to cover their portion if delisted with decent price especially the company profitability is quite good since suspension.  softdrink      ( Date: 12-Nov-2021 01:29) Posted: Since delisting is one of the option, let us all face some facts. The majority of the shares are being own by those 2 lady bosses right? Lets be rational and swap places. If you are both of them, would you do a share buy back at a higher price or at a lower price? If they can do a share buy back at a lower price, why would they offer a higher premium? You can vote and chose not to sell your shares back. Untimately, you will only become their paper share holder. Put it this way, an example would be they offer to delist at $0.50. You want, you take the offer. If not, welcome you to become their share holder off market. I agree that this one really suck thumb. NAV is only $0.79 Give it a premium 15% Offer would be around $0.90 - $1.50 at most
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