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The Place Holdings on its next leg! Post Reply Rate topic
DuoLuckDuo Senior	23-Feb-2023 20:08        DuoLuckDuo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow 😮 same post at the same time. A sign of great things coming  chiachiawee      ( Date: 23-Feb-2023 20:07) Posted: Sunpower boss lodge report in Dec 2018, share price then were 0.3. It recovered strongly to 0.6 in March 2019. A double bagger. Impressive. cheers. tedlim      ( Date: 23-Feb-2023 20:02) Posted: Found this: https://www.businesstimes.com.sg/companies-markets/sunpowers-exec-chairman-exec-director-lodge-report-cad-over-unauthorised Sunpower' s exec chairman, exec director lodge report with CAD over unauthorised transfers of shares   TUE, DEC 04, 2018 - 11:27 PM SUNPOWER Group' s executive chairman and executive director have lodged a report with the Commercial Affairs Department (CAD) over the unauthorised transfers of shares in Sunpower belonging to the two shareholders. Executive chairman Guo Hongxin and executive director Ma Ming - who are two of Sunpower' s substantial shareholders - had each entered into a loan agreement in their personal capacities with America 2030 Capital to take a loan for their personal use. In an earlier announcement to the Singapore Exchange on Nov 8, the company said that Mr Guo and Mr Ma had both discovered that their 14 million ordinary shares each, which had been deposited in a designated account as collateral, were allegedly no longer in the account.
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DuoLuckDuo Senior	23-Feb-2023 20:07        DuoLuckDuo About Contact  Quote this Post!
x 0   x 0  Alert Admin	The share of this company went up after the announcement... hope TPH does the same  tedlim      ( Date: 23-Feb-2023 20:02) Posted: Found this: https://www.businesstimes.com.sg/companies-markets/sunpowers-exec-chairman-exec-director-lodge-report-cad-over-unauthorised Sunpower' s exec chairman, exec director lodge report with CAD over unauthorised transfers of shares   TUE, DEC 04, 2018 - 11:27 PM SUNPOWER Group' s executive chairman and executive director have lodged a report with the Commercial Affairs Department (CAD) over the unauthorised transfers of shares in Sunpower belonging to the two shareholders. Executive chairman Guo Hongxin and executive director Ma Ming - who are two of Sunpower' s substantial shareholders - had each entered into a loan agreement in their personal capacities with America 2030 Capital to take a loan for their personal use. In an earlier announcement to the Singapore Exchange on Nov 8, the company said that Mr Guo and Mr Ma had both discovered that their 14 million ordinary shares each, which had been deposited in a designated account as collateral, were allegedly no longer in the account.
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chiachiawee Elite	23-Feb-2023 20:07        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sunpower boss lodge report in Dec 2018, share price then were 0.3. It recovered strongly to 0.6 in March 2019. A double bagger. Impressive. cheers. tedlim      ( Date: 23-Feb-2023 20:02) Posted: Found this: https://www.businesstimes.com.sg/companies-markets/sunpowers-exec-chairman-exec-director-lodge-report-cad-over-unauthorised Sunpower' s exec chairman, exec director lodge report with CAD over unauthorised transfers of shares   TUE, DEC 04, 2018 - 11:27 PM SUNPOWER Group' s executive chairman and executive director have lodged a report with the Commercial Affairs Department (CAD) over the unauthorised transfers of shares in Sunpower belonging to the two shareholders. Executive chairman Guo Hongxin and executive director Ma Ming - who are two of Sunpower' s substantial shareholders - had each entered into a loan agreement in their personal capacities with America 2030 Capital to take a loan for their personal use. In an earlier announcement to the Singapore Exchange on Nov 8, the company said that Mr Guo and Mr Ma had both discovered that their 14 million ordinary shares each, which had been deposited in a designated account as collateral, were allegedly no longer in the account.
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chiachiawee Elite	23-Feb-2023 20:05        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	You sure breaches of trust and misappropriation, bro? which part. ahha. you shorted a lot uh?  Market will take it as the bosses did the right thing by preserving shareholders value. Mark my words. cheers. Volmax      ( Date: 23-Feb-2023 20:00) Posted: Breaches of Trust & Misappropriation! Expect Selldown Tomorrow! Don' t Catch A Falling Knife!
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WBdisciple Elite	23-Feb-2023 20:03        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	Biggest losers here are the bosses...NOTHING to do with the Company. soonsoonhuat      ( Date: 23-Feb-2023 20:01) Posted: can enlighten which part constitutes a braech of trust and misappropriation? tks Volmax      ( Date: 23-Feb-2023 20:00) Posted: Breaches of Trust & Misappropriation! Expect Selldown Tomorrow! Don' t Catch A Falling Knife!
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chiachiawee Elite	23-Feb-2023 20:03        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	The entire announcement too chim, but my simple understanding is these shares were transferred without their authorisation, until the shareholding analysis presented where they reconcile the amount and found something wrong. And it is the custodian who did so. Correct me if I' m wrong. too chim. cheers. soonsoonhuat      ( Date: 23-Feb-2023 20:00) Posted: actually the illegal transfer of shares have been taking place and why take them so long to tealise, the custodian sgould hv informed them of any suspicious transactions of the oledged shares isnt it?
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tedlim Veteran	23-Feb-2023 20:02        tedlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Found this: https://www.businesstimes.com.sg/companies-markets/sunpowers-exec-chairman-exec-director-lodge-report-cad-over-unauthorised Sunpower' s exec chairman, exec director lodge report with CAD over unauthorised transfers of shares   TUE, DEC 04, 2018 - 11:27 PM SUNPOWER Group' s executive chairman and executive director have lodged a report with the Commercial Affairs Department (CAD) over the unauthorised transfers of shares in Sunpower belonging to the two shareholders. Executive chairman Guo Hongxin and executive director Ma Ming - who are two of Sunpower' s substantial shareholders - had each entered into a loan agreement in their personal capacities with America 2030 Capital to take a loan for their personal use. In an earlier announcement to the Singapore Exchange on Nov 8, the company said that Mr Guo and Mr Ma had both discovered that their 14 million ordinary shares each, which had been deposited in a designated account as collateral, were allegedly no longer in the account.
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soonsoonhuat Veteran	23-Feb-2023 20:01        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	can enlighten which part constitutes a braech of trust and misappropriation? tks Volmax      ( Date: 23-Feb-2023 20:00) Posted: Breaches of Trust & Misappropriation! Expect Selldown Tomorrow! Don' t Catch A Falling Knife!
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Volmax Elite	23-Feb-2023 20:00        Volmax About Contact  Quote this Post!
x 0   x 0  Alert Admin	Breaches of Trust & Misappropriation! Expect Selldown Tomorrow! Don' t Catch A Falling Knife!
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soonsoonhuat Veteran	23-Feb-2023 20:00        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	actually the illegal transfer of shares have been taking place and why take them so long to tealise, the custodian sgould hv informed them of any suspicious transactions of the oledged shares isnt it?
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WBdisciple Elite	23-Feb-2023 19:59        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree that the share price movement for this counter has been quite weird since the SMRT announcement, sliding from 7 cents plus to now.  their property project, SENECA RESIDENCES, did well, BUT share price also continue to slide.
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chiachiawee Elite	23-Feb-2023 19:59        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bosses busy fighting for businesses. From the announcement can see the development and time when they discovered the unathorised transfer of shares and finally they took action. It means they are also making things right when they discovered something wrongfully done without their knowledge. Applaud.  tedlim      ( Date: 23-Feb-2023 19:56) Posted: LUCKY nothing to do with Company but doesnt reflect well on the bosses....i remb another list co towkay also kena something similar last time...
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soonsoonhuat Veteran	23-Feb-2023 19:57        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	the announcement says no impact on financial performance of the group , hopefully man. shortists now largi no scripts to borrow to short liao, hahaha tomorrow if mkt perceives this as a non event then i will add to my existing shares le.
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tedlim Veteran	23-Feb-2023 19:56        tedlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	LUCKY nothing to do with Company but doesnt reflect well on the bosses....i remb another list co towkay also kena something similar last time...
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DuoLuckDuo Senior	23-Feb-2023 19:53        DuoLuckDuo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Phew 😮 &zwj 💨
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chiachiawee Elite	23-Feb-2023 19:53        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think I have an idea why the share price gets bashed down with no reason. Picture is getting clear. cheers chiachiawee      ( Date: 23-Feb-2023 19:48) Posted: 1.1 The Board of Directors (the &ldquo Board&rdquo ) of The Place Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company had recently been made aware by Mr. Ji Zenghe (&ldquo Mr. Ji&rdquo ), Mr. Fan Xianyong (&ldquo Mr. Fan&rdquo ) and Mr. Sun Quan (&ldquo Mr. Sun&rdquo ) of certain discoveries that they have made in relation to unauthorised transfers (&ldquo Unauthorised Transfers&rdquo ) of shares in the capital of the Company (&ldquo Shares&rdquo ) which are beneficially owned by Oriental Straits Fund III (&ldquo OSF III&rdquo ).    1.2 Based on the filed court papers and the Complaint Letters, the crux of OSF III&rsquo s, Mr. Ji&rsquo s and Mr. Fan&rsquo s complaint arises from the unauthorised and wrongful dissipation, by way of, among others, breaches of trust, of an aggregate of 1,375,818,000 Shares beneficially owned by OSF III (representing approximately 23.4% of the total issued Shares) from July 2022 to 6 February 2023, and the subsequent misappropriation of the proceeds thereunder.    ... (C) Loan disbursements and breaches of the SDAs  2.12 On or about 25 July 2022, ECHL 1 sent a first tranche of loans amounting to net sum of US$500,000 for each Borrower (i.e. US$1,000,000 in aggregate) to Armira and this was subsequently credited to the Borrowers&rsquo designated accounts.    2.13 Apart from a second loan disbursement for an aggregate sum of US$938,000 was advanced to the Borrowers on or about 29 September 2022, no further loan disbursement had been advanced to the Borrowers to date.  2.14 A shareholder analysis report (the &ldquo Shareholder Analysis Report&rdquo ) was subsequently issued by a third-party service provider on 16 January 2023 in relation to the shareholding information of the Company. It was then the Borrowers discovered that, based on the Shareholder Analysis Report, as at 20 December 2022, 520,000,000 Pledged Shares had been transferred out of Raffles Nominees&rsquo account. This prompted the Borrowers and OSF III to commence legal proceedings against ECHL, ECHL 1 and Armira (collectively, the &ldquo Defendants&rdquo ) in the High Court of the Republic of Singapore.  ______________________________ OMG raffles nominees. wth..
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Johnsnow Elite	23-Feb-2023 19:51        Johnsnow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pray 🙏 😂 can trade on friday
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n3wbie Elite	23-Feb-2023 19:51        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Where is the corporate governance? chiachiawee      ( Date: 23-Feb-2023 19:48) Posted: 1.1 The Board of Directors (the &ldquo Board&rdquo ) of The Place Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company had recently been made aware by Mr. Ji Zenghe (&ldquo Mr. Ji&rdquo ), Mr. Fan Xianyong (&ldquo Mr. Fan&rdquo ) and Mr. Sun Quan (&ldquo Mr. Sun&rdquo ) of certain discoveries that they have made in relation to unauthorised transfers (&ldquo Unauthorised Transfers&rdquo ) of shares in the capital of the Company (&ldquo Shares&rdquo ) which are beneficially owned by Oriental Straits Fund III (&ldquo OSF III&rdquo ).    1.2 Based on the filed court papers and the Complaint Letters, the crux of OSF III&rsquo s, Mr. Ji&rsquo s and Mr. Fan&rsquo s complaint arises from the unauthorised and wrongful dissipation, by way of, among others, breaches of trust, of an aggregate of 1,375,818,000 Shares beneficially owned by OSF III (representing approximately 23.4% of the total issued Shares) from July 2022 to 6 February 2023, and the subsequent misappropriation of the proceeds thereunder.    ... (C) Loan disbursements and breaches of the SDAs  2.12 On or about 25 July 2022, ECHL 1 sent a first tranche of loans amounting to net sum of US$500,000 for each Borrower (i.e. US$1,000,000 in aggregate) to Armira and this was subsequently credited to the Borrowers&rsquo designated accounts.    2.13 Apart from a second loan disbursement for an aggregate sum of US$938,000 was advanced to the Borrowers on or about 29 September 2022, no further loan disbursement had been advanced to the Borrowers to date.  2.14 A shareholder analysis report (the &ldquo Shareholder Analysis Report&rdquo ) was subsequently issued by a third-party service provider on 16 January 2023 in relation to the shareholding information of the Company. It was then the Borrowers discovered that, based on the Shareholder Analysis Report, as at 20 December 2022, 520,000,000 Pledged Shares had been transferred out of Raffles Nominees&rsquo account. This prompted the Borrowers and OSF III to commence legal proceedings against ECHL, ECHL 1 and Armira (collectively, the &ldquo Defendants&rdquo ) in the High Court of the Republic of Singapore.  ______________________________ OMG raffles nominees. wth..
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tchoonw Master	23-Feb-2023 19:49        tchoonw About Contact  Quote this Post!
x 0   x 0  Alert Admin	need the transfrerred shares by shortists?  n3wbie      ( Date: 23-Feb-2023 19:46) Posted: Just out on SGX announcements page. Quite a material development with unauthorized transfer of shares... DuoLuckDuo      ( Date: 23-Feb-2023 19:44) Posted: Where you guys get the news? I check the officia web still halted
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chiachiawee Elite	23-Feb-2023 19:48        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	1.1 The Board of Directors (the &ldquo Board&rdquo ) of The Place Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company had recently been made aware by Mr. Ji Zenghe (&ldquo Mr. Ji&rdquo ), Mr. Fan Xianyong (&ldquo Mr. Fan&rdquo ) and Mr. Sun Quan (&ldquo Mr. Sun&rdquo ) of certain discoveries that they have made in relation to unauthorised transfers (&ldquo Unauthorised Transfers&rdquo ) of shares in the capital of the Company (&ldquo Shares&rdquo ) which are beneficially owned by Oriental Straits Fund III (&ldquo OSF III&rdquo ).    1.2 Based on the filed court papers and the Complaint Letters, the crux of OSF III&rsquo s, Mr. Ji&rsquo s and Mr. Fan&rsquo s complaint arises from the unauthorised and wrongful dissipation, by way of, among others, breaches of trust, of an aggregate of 1,375,818,000 Shares beneficially owned by OSF III (representing approximately 23.4% of the total issued Shares) from July 2022 to 6 February 2023, and the subsequent misappropriation of the proceeds thereunder.    ... (C) Loan disbursements and breaches of the SDAs  2.12 On or about 25 July 2022, ECHL 1 sent a first tranche of loans amounting to net sum of US$500,000 for each Borrower (i.e. US$1,000,000 in aggregate) to Armira and this was subsequently credited to the Borrowers&rsquo designated accounts.    2.13 Apart from a second loan disbursement for an aggregate sum of US$938,000 was advanced to the Borrowers on or about 29 September 2022, no further loan disbursement had been advanced to the Borrowers to date.  2.14 A shareholder analysis report (the &ldquo Shareholder Analysis Report&rdquo ) was subsequently issued by a third-party service provider on 16 January 2023 in relation to the shareholding information of the Company. It was then the Borrowers discovered that, based on the Shareholder Analysis Report, as at 20 December 2022, 520,000,000 Pledged Shares had been transferred out of Raffles Nominees&rsquo account. This prompted the Borrowers and OSF III to commence legal proceedings against ECHL, ECHL 1 and Armira (collectively, the &ldquo Defendants&rdquo ) in the High Court of the Republic of Singapore.  ______________________________ OMG raffles nominees. wth..
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