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speed88 Member	24-May-2022 18:28        speed88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Two distributions - One interim and a final distribution. Total 57c AUD
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speed88 Member	24-May-2022 18:27        speed88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	RESPONSE TO QUESTIONS SUBMITTED IN ADVANCE OF THE EXTRAORDINARY GENERAL MEETING TO BE HELD ON 30 MAY 2022 The Board of Directors (the &ldquo Board or &ldquo Directors&rdquo ) of Lasseters International Holdings Limited (&ldquo the Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the Company&rsquo s circular to shareholders dated 6 May 2022 in relation to, amongst others, the proposed members&rsquo voluntary liquidation (the &ldquo Circular&rdquo ), and the Company&rsquo s announcement dated 6 May 2022 in relation to the important notice to shareholders on its extraordinary general meeting to be convened and held by electronic means on Monday, 30 May 2022, at 11.00 a.m. (Singapore time) (the &ldquo EGM&rdquo ). The Company would like to thank a shareholder for submitting his questions in advance of the EGM. The questions received have been reproduced below and the Company&rsquo s responses to the questions are set out accordingly: Q1 &ldquo When will the company return our money to us?&rdquo A1 Upon appointment of the proposed joint liquidators (the &ldquo Liquidators&rdquo ), the Liquidators will attend to the affairs of the Company and will distribute the surplus assets of the Company to the shareholders of the Company (the &ldquo Shareholders&rdquo ) in proportion to their respective rights and interests in the Company. Although the actual process of liquidation will be determined by the Liquidators and will be outside the control of the Company, the Company will request the Liquidators to undertake the distribution to Shareholders in stages, being: (a) an interim cash dividend subject to, amongst others, the consent of the Liquidators, the Liquidators being able to have certainty as to the liabilities of the Company, there being no objection from creditors, and there being reasonable certainty that the assets of the Company will be in excess of its liabilities, including contingent liabilities and (b) a final cash distribution to Shareholders to be completed after the Second Tranche of the Remaining Consideration (as defined in the Circular) is received by the Group on 19 April 2023 and the completion of the repatriation of assets and cash held outside Singapore including those held by subsidiaries of the Company. The Company or the Liquidators (as the case may be) will provide updates to the Shareholders in relation to the progress of the distribution, and the dates and other administrative matters on the distribution, on an annual basis and as and when there are material developments. Please refer to sections 3.2.3 to 3.2.5 of the Circular on page 10 for further information on the proposed distribution process, and Appendix 1 to the Circular on page 16 for the indicative timetable for the key events of the proposed members&rsquo voluntary liquidation. Q2 &ldquo How much will be the price per share to return us?&rdquo A2 Shareholders should note that the figures below are estimates and that the actual amount available for distribution, if any, may vary depending upon the actual realisation of the non-cash assets, after deducting the Company&rsquo s existing and any contingent liabilities and the costs and expenses incurred in connection with the proposed members&rsquo voluntary liquidation. 2 Taking into consideration the above and for illustration purposes only, the estimated net cash per share that can be distributed to Shareholders as at 26 April 2022 (being the latest practicable date prior to the issue of the Circular) is approximately AUD0.0570 per share. The net cash per share is estimated on the basis that the management of the Company has identified all claims against the Company and assumes that there will be no additional or new claims made against the Company during the liquidation period. Please refer to the sections 3.2.1 and 3.2.2 of the Circular on pages 9 and 10 for further information on computation of the estimated net cash per share that is available for distribution to Shareholders. BY ORDER OF THE BOARD
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Barcalo Master	10-May-2022 12:18        Barcalo About Contact  Quote this Post!
x 0   x 0  Alert Admin	They longer they holding our money, the more risky our money become. (can't get it back.) Especially now they apply to SGX for NOT opening the ESCROW Account. They can "anyhow" touch our money with them. speed88      ( Date: 10-May-2022 11:12) Posted: Should have interim first and maybe 2nd payment since apparently not all the money is paid to them yet.  Then a final exit payment after getting their 2nd deferred payment next year  Typical of how company does such distribution. MakeChanges      ( Date: 10-May-2022 08:26) Posted: i don' t think they will split the payment. should be one shot paymen
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speed88 Member	10-May-2022 11:12        speed88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Should have interim first and maybe 2nd payment since apparently not all the money is paid to them yet.  Then a final exit payment after getting their 2nd deferred payment next year  Typical of how company does such distribution. MakeChanges      ( Date: 10-May-2022 08:26) Posted: i don' t think they will split the payment. should be one shot payment speed88      ( Date: 07-May-2022 15:13) Posted: Looks like total cash distribution is SGD 0.056.  With the previous dividend of $0.0175 in Dec.  Breakeven cost is $0.0735.  Those who bought around 6-7c before suspension will still make a profit. Company has already received all the money from the sale except the 2nd deferred payment of 7.5m due in 2023 April.  This is about $0.015522 per share Hence company should be able to do First Distribution of at least (0.056 - 0.0155) or $0.0405 per share.  Final cash distribution after getting the 7.5m can be as long as next year  So ask them to do so ASAP on the first/2nd cash distribution.
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MakeChanges Elite	10-May-2022 08:28        MakeChanges About Contact  Quote this Post! Style: Flexible   Mood: Yells: "No price is too low for a bear or too high for a bull"
x 0   x 0  Alert Admin	haha ya.. every shareholder mindset same now Barcalo      ( Date: 06-May-2022 23:04) Posted: Anyone asking questions? Everyone having same question, "when will the company return our money? " MakeChanges      ( Date: 06-May-2022 07:47) Posted: Lai lai lai....EGM on 30 May 2022. All shareholders can registered for live audio stream of the meeting. Prior to that, shareholders are able to post questions for company to answer. Let' s blast them and ask back for our $$$
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MakeChanges Elite	10-May-2022 08:26        MakeChanges About Contact  Quote this Post! Style: Flexible   Mood: Yells: "No price is too low for a bear or too high for a bull"
x 0   x 0  Alert Admin	i don' t think they will split the payment. should be one shot payment speed88      ( Date: 07-May-2022 15:13) Posted: Looks like total cash distribution is SGD 0.056.  With the previous dividend of $0.0175 in Dec.  Breakeven cost is $0.0735.  Those who bought around 6-7c before suspension will still make a profit. Company has already received all the money from the sale except the 2nd deferred payment of 7.5m due in 2023 April.  This is about $0.015522 per share Hence company should be able to do First Distribution of at least (0.056 - 0.0155) or $0.0405 per share.  Final cash distribution after getting the 7.5m can be as long as next year  So ask them to do so ASAP on the first/2nd cash distribution.
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Barcalo Master	10-May-2022 00:54        Barcalo About Contact  Quote this Post!
x 0   x 0  Alert Admin	RECEIPT OF APPROVAL FROM SGX REGCO FOR WAIVER FOR THE ESCROW REQUIREMENTS UNDER RULE 1017(1)(a) OF THE CATALIST RULES
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speed88 Member	07-May-2022 15:13        speed88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like total cash distribution is SGD 0.056.  With the previous dividend of $0.0175 in Dec.  Breakeven cost is $0.0735.  Those who bought around 6-7c before suspension will still make a profit. Company has already received all the money from the sale except the 2nd deferred payment of 7.5m due in 2023 April.  This is about $0.015522 per share Hence company should be able to do First Distribution of at least (0.056 - 0.0155) or $0.0405 per share.  Final cash distribution after getting the 7.5m can be as long as next year  So ask them to do so ASAP on the first/2nd cash distribution.
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Barcalo Master	06-May-2022 23:04        Barcalo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone asking questions? Everyone having same question, "when will the company return our money? " MakeChanges      ( Date: 06-May-2022 07:47) Posted: Lai lai lai....EGM on 30 May 2022. All shareholders can registered for live audio stream of the meeting. Prior to that, shareholders are able to post questions for company to answer. Let' s blast them and ask back for our $$$
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Barcalo Master	06-May-2022 11:43        Barcalo About Contact  Quote this Post!
x 0   x 0  Alert Admin	The announcements so urgent? Need to announce 6am early in the morning?
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Barcalo Master	06-May-2022 11:37        Barcalo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, so the exit offer will be AUD0.057 per share? Or will be higher than that? MakeChanges      ( Date: 06-May-2022 08:13) Posted: Net Cash per Share Based on the latest announced monthly valuation of assets and utilisation for the month of March 2022 as announced by the Company on 25 April 2022, being the latest available valuation as at the Latest Practicable Date, the cash and cash equivalents standing to the credit of the Group is approximately AUD16.988 million. 3.2.1. For illustration purposes only, taking into account the Remaining Consideration, the Company&rsquo s existing liabilities, the estimated costs arising from the liquidation and the estimated operating costs to be incurred up to the date of dissolution, and based on the issued and paid up share capital of the Company of S$66.437 million (AUD57.554 million) comprising 483,170,542 Shares (excluding treasury shares) as at the Latest Practicable Date, the estimated net cash per share that can be distributed to Shareholders is approximately AUD0.0570 per Share. The net cash per Share is estimated on the basis that the management has identified all claims against the Company and assumes that there will be no additional or new claims made against the Company during the liquidation period.
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MakeChanges Elite	06-May-2022 08:13        MakeChanges About Contact  Quote this Post! Style: Flexible   Mood: Yells: "No price is too low for a bear or too high for a bull"
x 0   x 0  Alert Admin	Net Cash per Share Based on the latest announced monthly valuation of assets and utilisation for the month of March 2022 as announced by the Company on 25 April 2022, being the latest available valuation as at the Latest Practicable Date, the cash and cash equivalents standing to the credit of the Group is approximately AUD16.988 million. 3.2.1. For illustration purposes only, taking into account the Remaining Consideration, the Company&rsquo s existing liabilities, the estimated costs arising from the liquidation and the estimated operating costs to be incurred up to the date of dissolution, and based on the issued and paid up share capital of the Company of S$66.437 million (AUD57.554 million) comprising 483,170,542 Shares (excluding treasury shares) as at the Latest Practicable Date, the estimated net cash per share that can be distributed to Shareholders is approximately AUD0.0570 per Share. The net cash per Share is estimated on the basis that the management has identified all claims against the Company and assumes that there will be no additional or new claims made against the Company during the liquidation period.
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MakeChanges Elite	06-May-2022 07:50        MakeChanges About Contact  Quote this Post! Style: Flexible   Mood: Yells: "No price is too low for a bear or too high for a bull"
x 0   x 0  Alert Admin	Director do nothing and expect to be paid so highly!! THE PROPOSED PAYMENT OF DIRECTORS&rsquo FEES AMOUNTING TO S$200,000 FOR THE FINANCIAL PERIOD FROM 1 JULY 2021 UP TO THE DATE OF COMMENCEMENT OF THE PROPOSED MEMBERS&rsquo VOLUNTARY WINDING UP AND LIQUIDATION OF THE COMPANY
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MakeChanges Elite	06-May-2022 07:47        MakeChanges About Contact  Quote this Post! Style: Flexible   Mood: Yells: "No price is too low for a bear or too high for a bull"
x 0   x 0  Alert Admin	Lai lai lai....EGM on 30 May 2022. All shareholders can registered for live audio stream of the meeting. Prior to that, shareholders are able to post questions for company to answer. Let' s blast them and ask back for our $$$
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Barcalo Master	30-Apr-2022 21:13        Barcalo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Great. Thanks for your help. 👍 speed88      ( Date: 30-Apr-2022 13:54) Posted: Dunno what they are waiting for.  These money sitting in the bank if returned to us can be deployed elsewhere.  A lot of fallen China ADRs to park our money there rather than sitting idle.  I will write to the company PR again.    Barcalo      ( Date: 30-Apr-2022 13:47) Posted: Fast Hand Fast Leg pay us back leh
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speed88 Member	30-Apr-2022 13:54        speed88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dunno what they are waiting for.  These money sitting in the bank if returned to us can be deployed elsewhere.  A lot of fallen China ADRs to park our money there rather than sitting idle.  I will write to the company PR again.    Barcalo      ( Date: 30-Apr-2022 13:47) Posted: Fast Hand Fast Leg pay us back leh. speed88      ( Date: 29-Apr-2022 15:48) Posted: Received first payment 7.5m (AUD).  about 7.4m SGD.  about 0.0153 SGD per share.  Total issued shares 483,171,000.  Maybe can pay us back SGD 0.0153 as dividend again. The Board of Directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Lasseters International Holdings Limited (the &ldquo Company&rdquo ) refers to: (a) the circular issued to its shareholders dated 1 October 2021 (the &ldquo Circular&rdquo ) in relation to the disposal of the casino property and casino business of Ford Dynasty Pty Ltd and the health club business of Lasseters Health Club Pty Ltd (the &ldquo Disposal&rdquo ) (b) the Company&rsquo s announcements dated 19 April 2021, 1 October 2021, 18 October 2021 and 20 October 2021 in relation to the Disposal. All capitalised terms used herein shall bear the same meanings as ascribed to them in the Circular. The Company wishes to update shareholders that the First Deferred Payment of AUD7.5 million has been paid by the Purchasers and has been received in the Group&rsquo s bank account. Under the terms of the Disposal Agreements, the Second Deferred Payment is to be paid by the Purchasers on 19 April 2023, being the date falling 24 months from the signing of the Disposal Agreements, and a further update will be provided to shareholders upon receipt of the Second Deferred Payment. The Company is also currently in discussions with the Purchasers to bring forward the payment of the Second Tranche of Remaining Consideration and will provide a further update if an agreement is reached with the Purchasers.
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Barcalo Master	30-Apr-2022 13:47        Barcalo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fast Hand Fast Leg pay us back leh. speed88      ( Date: 29-Apr-2022 15:48) Posted: Received first payment 7.5m (AUD).  about 7.4m SGD.  about 0.0153 SGD per share.  Total issued shares 483,171,000.  Maybe can pay us back SGD 0.0153 as dividend again. The Board of Directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Lasseters International Holdings Limited (the &ldquo Company&rdquo ) refers to: (a) the circular issued to its shareholders dated 1 October 2021 (the &ldquo Circular&rdquo ) in relation to the disposal of the casino property and casino business of Ford Dynasty Pty Ltd and the health club business of Lasseters Health Club Pty Ltd (the &ldquo Disposal&rdquo ) (b) the Company&rsquo s announcements dated 19 April 2021, 1 October 2021, 18 October 2021 and 20 October 2021 in relation to the Disposal. All capitalised terms used herein shall bear the same meanings as ascribed to them in the Circular. The Company wishes to update shareholders that the First Deferred Payment of AUD7.5 million has been paid by the Purchasers and has been received in the Group&rsquo s bank account. Under the terms of the Disposal Agreements, the Second Deferred Payment is to be paid by the Purchasers on 19 April 2023, being the date falling 24 months from the signing of the Disposal Agreements, and a further update will be provided to shareholders upon receipt of the Second Deferred Payment. The Company is also currently in discussions with the Purchasers to bring forward the payment of the Second Tranche of Remaining Consideration and will provide a further update if an agreement is reached with the Purchasers.
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speed88 Member	29-Apr-2022 15:48        speed88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Received first payment 7.5m (AUD).  about 7.4m SGD.  about 0.0153 SGD per share.  Total issued shares 483,171,000.  Maybe can pay us back SGD 0.0153 as dividend again. The Board of Directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Lasseters International Holdings Limited (the &ldquo Company&rdquo ) refers to: (a) the circular issued to its shareholders dated 1 October 2021 (the &ldquo Circular&rdquo ) in relation to the disposal of the casino property and casino business of Ford Dynasty Pty Ltd and the health club business of Lasseters Health Club Pty Ltd (the &ldquo Disposal&rdquo ) (b) the Company&rsquo s announcements dated 19 April 2021, 1 October 2021, 18 October 2021 and 20 October 2021 in relation to the Disposal. All capitalised terms used herein shall bear the same meanings as ascribed to them in the Circular. The Company wishes to update shareholders that the First Deferred Payment of AUD7.5 million has been paid by the Purchasers and has been received in the Group&rsquo s bank account. Under the terms of the Disposal Agreements, the Second Deferred Payment is to be paid by the Purchasers on 19 April 2023, being the date falling 24 months from the signing of the Disposal Agreements, and a further update will be provided to shareholders upon receipt of the Second Deferred Payment. The Company is also currently in discussions with the Purchasers to bring forward the payment of the Second Tranche of Remaining Consideration and will provide a further update if an agreement is reached with the Purchasers.
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MakeChanges Elite	26-Apr-2022 09:05        MakeChanges About Contact  Quote this Post! Style: Flexible   Mood: Yells: "No price is too low for a bear or too high for a bull"
x 0   x 0  Alert Admin	arranging for exit offer soon Barcalo      ( Date: 26-Apr-2022 00:54) Posted: QUARTERLY UPDATE As mentioned in the note above and in its announcement dated 24 March 2022, none of the parties and businesses explored by the Company were ultimately able to demonstrate that they had a new business which would satisfy the requirements for a new listing. As such, the Company does not intend to acquire a new business to satisfy the SGX-ST?s requirements for a new listing under Catalist Rule 1017(1) and is of the view that it is in the best interests of Shareholders that the Company be voluntarily liquidated and subject to the view of the liquidators, the remaining assets of the Company (after discharging all liabilities of the Company) be distributed to the Shareholders in stages in accordance with the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018) of Singapore and the Companies Act 1967 of Singapore. Save as disclosed in the above, there have been no material developments as at the date of this announcement that may have a significant impact on the financial position of the Group or any other updates on its future direction. The Company will disclose any material updates or further information as and when there are any subsequent
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Barcalo Master	26-Apr-2022 00:54        Barcalo About Contact  Quote this Post!
x 0   x 0  Alert Admin	QUARTERLY UPDATE As mentioned in the note above and in its announcement dated 24 March 2022, none of the parties and businesses explored by the Company were ultimately able to demonstrate that they had a new business which would satisfy the requirements for a new listing. As such, the Company does not intend to acquire a new business to satisfy the SGX-ST?s requirements for a new listing under Catalist Rule 1017(1) and is of the view that it is in the best interests of Shareholders that the Company be voluntarily liquidated and subject to the view of the liquidators, the remaining assets of the Company (after discharging all liabilities of the Company) be distributed to the Shareholders in stages in accordance with the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018) of Singapore and the Companies Act 1967 of Singapore. Save as disclosed in the above, there have been no material developments as at the date of this announcement that may have a significant impact on the financial position of the Group or any other updates on its future direction. The Company will disclose any material updates or further information as and when there are any subsequent
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