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Addvalue Tech
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Addvalue Tech
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ahberngh
Elite |
11-Apr-2022 15:06
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Any good news? | ||||
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ysh2006
Supreme |
15-Feb-2022 11:56
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Just announced a supplier contract only $3.6M so little and ask for trading halt ? somemore the revenue if have will be recorded in year 2023..
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hopeful7703
Member |
15-Feb-2022 10:08
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Hopefully they have a positive surprise for shareholders! Huat ah! | ||||
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ysh2006
Supreme |
15-Feb-2022 09:00
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This company always like to request trading halt after that not much interesting thing to announce and not much interest from public... | ||||
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MakeChanges
Elite |
15-Feb-2022 08:21
Yells: "No price is too low for a bear or too high for a bull" |
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TRADING HALT!! | ||||
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MakeChanges
Elite |
10-Feb-2022 08:56
Yells: "No price is too low for a bear or too high for a bull" |
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flyliam
Senior |
10-Feb-2022 08:46
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All these local companies like to do this. Many of them hang photos of them shaking hands with ministers just like hawkers displaying photos with celebrities.
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MakeChanges
Elite |
10-Feb-2022 08:36
Yells: "No price is too low for a bear or too high for a bull" |
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Now they using minister name to advertise their services
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MakeChanges
Elite |
10-Feb-2022 08:31
Yells: "No price is too low for a bear or too high for a bull" |
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ADDVALUE SECURED IDRS ORDER FROM A NEW AND HENCE ITS EIGHTH IDRS CUSTOMER The Board of Directors of Addvalue Technologies Ltd (the ' Company' or ' Addvalue' ) (the ' Board' ) refers to the opening address speech made by Mr Gan Kim Yong, Minister for Trade and Industry, on 9 February 2022 at the Global Space and Technology Convention (GSTC), wherein he shared about Addvalue, which has had procured seven customers in connection with its Inter-Satellite Data Relay System (IDRS&trade )-related business with plans to deploy more than 240 IDRS terminals in satellites across the respective constellations of these customers, as one of the three examples of local achievements in space. The Board is pleased to update that the Company, through its wholly-owned subsidiary, Addvalue Innovation Pte Ltd, has just secured an IDRS order from a new and hence its eighth IDRS customer for the supply of IDRS terminals and the provision of related airtime service. Due to non-disclosure obligations, the Company and its subsidiaries (the ' Group' ) is currently constrained from disclosing further details about the new order and the said eighth IDRS customer. Further details concerning the new order and the said eighth IDRS customer will be made available as soon as the Group is freed of its non-disclosure obligations. At present, 7 IDRS terminals of the Group are operational in space and are generating airtime revenue. As more IDRS terminals are expected to be commercialized in the coming months coupled with the fact that more IDRS-related orders from both existing and new customers are expected to be received by the Group within the next 12 months and beyond, the airtime revenues of the Group are expected to increase in tandem in the foreseeable future. |
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SmallSmall
Supreme |
07-Jan-2022 10:12
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Downside limited as placement price was $0.0127. Time to buy again as EDB has done their part to take up some placements of 78 mil | ||||
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MakeChanges
Elite |
07-Jan-2022 07:52
Yells: "No price is too low for a bear or too high for a bull" |
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COMPLETION IN RELATION TO: &bull Proposed Subscription by Economic Development Innovations Singapore Pte. Ltd. of 78,700,000 new ordinary shares of the Company (' Shares' ) tagged with option to subscribe for a further 315,000,000 new Shares and &bull Proposed Subscription by various New Investors of a total of 185,240,000 new Shares tagged with 185,240,000 warrants convertible into 185,240,000 new Shares upon exercise, each Share to be allotted and issued at an issue price of S$0.0127 |
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MakeChanges
Elite |
30-Dec-2021 07:56
Yells: "No price is too low for a bear or too high for a bull" |
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RECEIPT OF APPROVAL IN-PRINCIPLE FROM THE SGX-ST IN RELATION TO: &bull Proposed Subscription by Economic Development Innovations Singapore Pte. Ltd. of 78,700,000 new ordinary shares of the Company (' Shares' ) tagged with option to subscribe for a further 315,000,000 new Shares and &bull Proposed Subscription by various New Investors of a total of 185,240,000 new Shares tagged with 185,240,000 warrants convertible into 185,240,000 new Shares upon exercise, each Share to be allotted and issued at an issue price of S$0.0127 |
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p1acebo
Member |
28-Dec-2021 10:38
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Looks like a show stopper for A31? https://www.scmp.com/news/china/science/article/3161178/nimble-chinese-satellite-grabs-hi-res-images-us-city-seconds | ||||
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newbie1993
Member |
22-Dec-2021 00:17
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Only time will tell.
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Tanahkow
Senior |
06-Dec-2021 11:46
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Ring A Bell now ??? Christmas is coming to town for the real appreciaition of value...Shorters, doubters, nayers, please think deeper, why directors and employees all jump into investment this round ! I am laughing with my 3 million shares on hand... |
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Tanahkow
Senior |
06-Dec-2021 11:39
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CEO of EDIS
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Tanahkow
Senior |
06-Dec-2021 11:33
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who is EDIS ? https://www.edis.sg/about-us/ Philip Yeo is chairman Mr. Yeo was Special Adviser for Economic Development in the Prime Minister' s Office (April 2007 &ndash August 2011), Senior Adviser for Science and Technology, Ministry of Trade and Industry (April 2007 &ndash July 2008), Executive Chairman of the Agency for Science, Technology and Research (February 2001 &ndash March 2007), Executive Chairman of the Economic Development Board (January 1986 -January 2001), Executive Co-Chairman of the Economic Development Board (Feb 2001 to March 2006), Permanent Secretary in the Ministry of Defence for Defence Research, Logistics and Industry (September 1979 to December 1985)
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Joelton
Supreme |
06-Dec-2021 10:36
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Addvalue Technologies to raise $13 mil from Philip Yeo-led investment firm EDIS
MOBILE satellite communications company Addvalue Technologies on Sunday (Dec 5) announced that it has secured funding for up to S$13.2 million from investors led by privately owned investment and development firm Economic Development Innovations Singapore (EDIS).
Other investors include certain creditors and staff of Addvalue as well as all the directors of the company.
First, Addvalue will issue up to 449.2 million new shares to the investors at the subscription price of S$0.0127 each.
This represents a discount of about 3.8 per cent to the weighted average share price of the company of S$0.0132 as at Nov 26 - the last full market day prior to the date on which the relevant subscription agreements were entered into and on which trades were recorded.
Addvalue will also seek shareholder approval, at an extraordinary general meeting (EGM) to be convened, to issue another 594.1 million new shares to the investors at the same price.
In total, over 1 billion new shares will be issued through the 2 tranches, which will result in a 46.4 per cent increase in the total number of Addvalue' s outstanding shares.
If both tranches are completed, EDIS will become a substantial shareholder of the company with a shareholding interest of 11.96 per cent.
Alan Wang Yu Huei, a key creditor of the group, will also become a substantial shareholder of the company, holding a shareholding interest of 5.08 per cent at the completion of both tranches.
Meanwhile, the rest of Addvalue shareholders who are not investors in this funding exercise will see their combined shareholding interest drop from 89.79 per cent to 61.34 per cent.
Addvalue said net proceeds of approximately S$12.6 million from the funding will be used for the repayment of borrowings, payment of payables as well as for the group' s working capital and business expansion.
" We are indeed honoured to have EDIS as the lead Investor and are appreciative of the support received from the rest of the Investors in putting together the funding arrangements within a span of a week. The funding ensures that adequate cash is made available to meet the needs of the group in terms of its working capital and its intended business expansion and growth," said Colin Chan Kum Lok, chairman and CEO of Addvalue.
In anticipation of its initial investment, EDIS has nominated Certis Cisco senior adviser Chua Chwee Koh for appointment as a non-independent and non-executive director to Addvalue' s board.
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lukewong82
Master |
06-Dec-2021 07:11
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as long as the CEO is still the same, dun expect any changes
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ahberngh
Elite |
05-Dec-2021 21:06
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Let's hope that with new controlling shareholder there will be positive changes. | ||||
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