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Starship Supreme	19-Dec-2018 15:04        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	OUTLOOK 2019 Wish for more things nice, not naughty, for Singapore market WED, DEC 19, 2018 - 5:50 AM Singapore IT' S beginning to look a lot like Christmas, everywhere you go, but not for the Singapore stock market and its players. " My wish for the Singapore capital market is to have a vibrant one where investors feel safe about their investments and are adequately protected against unscrupulous individuals," said Mr Nalla. " Also, justice levied in good speed to give a strong signal to investors that the authorities are on top of their game. Once market confidence is restored, liquidity will ensue. Thus, creating a vibrant stock market which has been so severely lacking over the past few years." " My thoughts on 2018 is that it has been a horrible year from a corporate governance and minority investors' standpoint,' ' Mak Yuen Teen, associate professor of accounting at the NUS Business School, summed up. " Clearly, what we have is not just an S-chip problem. Bad behaviour is everywhere,' ' Prof Mak said. Minority shareholders were faced with various controversial delistings like Vard Holdings and Wheelock Properties, where major shareholders sought to privatise the company. " An offer from a major shareholder to take a company private looks to me just like a super duper interested person transaction. However, if done through the voluntary delisting route under SGX rules, the major shareholder can vote," Prof Mak lamented in his blog entitled " Annus horribilis for minority shareholders" . Retail investor Ong Cheng Kian, 78, welcomed the move but added: " Key will be what constitutes a reasonable and fair offer. Otherwise, small shareholders like myself will be repeatedly coerced to let go of our shares at unfairly low prices." Adding to the winter chill, Stamford Land' s defamation suit against one of its shareholders, Mano Sabnani, has left a chilling effect, even though the case was eventually settled after mediation by SGX RegCo' s chief executive officer Tan Boon Gin. Almost six months since the SGX allowed companies with dual class shares (DCS) to list on the mainboard, opposing voices remain loud. ACGA secretary-general Jamie Allen says DCS is undermining the principle of fairness, and this could have a far-reaching adverse impact on investor trust in Asia regulatory systems. Like Mr Nalla, Prof Mak wishes to see proper investigation into all those companies where serious lapses have been identified in the media in the past year, and tough action taken against those responsible. " Until that happens, directors are not going to take their responsibilities seriously and the downward spiral will continue,' ' he warned. The corporate governance expert also hopes to see action taken against sponsors and continuing sponsors for failing to discharge their responsibilities, resulting in shoddy work during listings. " Beyond that and hopefully no later than 2020, I would like to see SGX giving up its frontline regulatory role, and a separate securities regulator formed - like the Securities and Futures Commission (SFC) in Hong Kong, Securities Commission in Malaysia and the Securities and Exchange Commission (SEC) in the US. Almost every other market has a dedicated securities regulator, I can never understand why we are so hesitant to do that,' ' Prof Mak said. " We are in need of major surgery, not just panadol." https://www.businesstimes.com.sg/banking-finance/tough-year-but-dbs-pushes-on-to-be-go-to-bank-for-asia-fixed-income
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slim123 Member	19-Dec-2018 08:51        slim123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX can block new noble listed lo... ysh2006      ( Date: 19-Dec-2018 07:52) Posted: Tomorrow they said restructure confirmed Singapore MAS CAD SGX also cannot stoop lah...
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NextEvolution Elite	19-Dec-2018 08:19        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Bermuda restructuring approval sounds more like "ownself approve ownself" type .... Don't know what to say ysh2006      ( Date: 19-Dec-2018 07:52) Posted: Tomorrow they said restructure confirmed Singapore MAS CAD SGX also cannot stoop lah...
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ysh2006 Supreme	19-Dec-2018 07:52        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tomorrow they said restructure confirmed Singapore MAS CAD SGX also cannot stoop lah...
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laksaman57 Supreme	18-Dec-2018 09:22        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	And you know when their latest & greatest review? investshare      ( Date: 18-Dec-2018 06:52) Posted: Classic example of how public could be misled and manipulated. The statement was made in 2007, just 2 years after the 2005 review. Make sense now? laksaman57      ( Date: 16-Dec-2018 11:50) Posted: "MAS has overall responsibility for capital market regulation, including oversight of SGX. With the active involvement of SGX and market participants, MAS will conduct periodic reviews of the Code to ensure that it remains relevant and useful, and is in line with global best practices. As the Code was last reviewed in 2005, MAS does not see any pressing need for a further review in the near future." 😨 since 2005😮 http://www.mas.gov.sg/news-and-publications/media-releases/2007/mas-and-sgx-to-oversee-corporate-governance-for-listed-companies-from-01sep2007.aspx
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investshare Supreme	18-Dec-2018 06:52        investshare About Contact  Quote this Post!
x 1   x 0  Alert Admin	Classic example of how public could be misled and manipulated. The statement was made in 2007, just 2 years after the 2005 review. Make sense now? laksaman57      ( Date: 16-Dec-2018 11:50) Posted: "MAS has overall responsibility for capital market regulation, including oversight of SGX. With the active involvement of SGX and market participants, MAS will conduct periodic reviews of the Code to ensure that it remains relevant and useful, and is in line with global best practices. As the Code was last reviewed in 2005, MAS does not see any pressing need for a further review in the near future." 😨 since 2005😮 http://www.mas.gov.sg/news-and-publications/media-releases/2007/mas-and-sgx-to-oversee-corporate-governance-for-listed-companies-from-01sep2007.aspx
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pikachu Master	17-Dec-2018 07:29        pikachu About Contact  Quote this Post!   Mood: Yells: "Holy Cow!"
x 0   x 0  Alert Admin	haha
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fatpanda Supreme	16-Dec-2018 23:43        fatpanda About Contact  Quote this Post! Style: Technical   Mood: Yells: "Another wonderful day!"
x 0   x 0  Alert Admin	"Long term planning" from the highly paid smart people here. Starship      ( Date: 16-Dec-2018 21:39) Posted: They probably think in terms of Centuries.  fatpanda      ( Date: 16-Dec-2018 15:06) Posted: Last review in 2005??? OMG!!! Unbelivable!!! The finanical market has become more and more complicated and sophisticated. And for more than 10 years not performed further review??? Nothing to say...
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Starship Supreme	16-Dec-2018 21:39        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	They probably think in terms of Centuries.  fatpanda      ( Date: 16-Dec-2018 15:06) Posted: Last review in 2005??? OMG!!! Unbelivable!!! The finanical market has become more and more complicated and sophisticated. And for more than 10 years not performed further review??? Nothing to say.... laksaman57      ( Date: 16-Dec-2018 11:50) Posted: "MAS has overall responsibility for capital market regulation, including oversight of SGX. With the active involvement of SGX and market participants, MAS will conduct periodic reviews of the Code to ensure that it remains relevant and useful, and is in line with global best practices. As the Code was last reviewed in 2005, MAS does not see any pressing need for a further review in the near future." 😨 since 2005😮 http://www.mas.gov.sg/news-and-publications/media-releases/2007/mas-and-sgx-to-oversee-corporate-governance-for-listed-companies-from-01sep2007.aspx
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teeth53 Supreme	16-Dec-2018 20:39        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	https://asia.nikkei.com/Business/Companies/Noble-s-future-at-stake-as-debt-deadline-looms?utm_source=paid.outbrain.com&utm_campaign=BA%20SG%20lookalike15%25&utm_medium=referral Failure to win a new delay could prove fatal. "If Noble does not find an alternative solution to a listing, then a liquidation cannot be ruled out," Brayan Lai, an analyst at HK-based credit researcher Bondcritic told Nikkei Asian Review. Lai added. "It does not look like Noble will be allowed to list in SGX-Exch in the near future pending the outcome of the investigations." One option could be to seek bankruptcy protection, the company said it "may implement restructuring through a court-appointed officer," adding that board members intended to "preserve value for all stakeholders." Noble earlier this year indicated that it was likely to file for protection if restructuring failed and if the company lost creditor support.
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fatpanda Supreme	16-Dec-2018 15:06        fatpanda About Contact  Quote this Post! Style: Technical   Mood: Yells: "Another wonderful day!"
x 0   x 0  Alert Admin	Last review in 2005??? OMG!!! Unbelivable!!! The finanical market has become more and more complicated and sophisticated. And for more than 10 years not performed further review??? Nothing to say.... laksaman57      ( Date: 16-Dec-2018 11:50) Posted: "MAS has overall responsibility for capital market regulation, including oversight of SGX. With the active involvement of SGX and market participants, MAS will conduct periodic reviews of the Code to ensure that it remains relevant and useful, and is in line with global best practices. As the Code was last reviewed in 2005, MAS does not see any pressing need for a further review in the near future." 😨 since 2005😮 http://www.mas.gov.sg/news-and-publications/media-releases/2007/mas-and-sgx-to-oversee-corporate-governance-for-listed-companies-from-01sep2007.aspx
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Starship Supreme	16-Dec-2018 13:44        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	" Over-the-counter  (OTC) or  off-exchange  trading is done directly between two parties, without the supervision of an  exchange. It is contrasted with  exchange trading, which occurs via exchanges. A stock exchange has the benefit of facilitating  liquidity, providing  transparency, and maintaining the current  market price. In an OTC trade, the price is not necessarily published for the public." " What Is The OTC Markets? The OTC Markets is an informal market where various securities dealers have established a network for trading shares. Unlike a formal market, such as the NYSE, the companies whose securities are sold have much less stringent reporting requirements and are often new and unproven companies looking for capital. Furthermore, the dealers themselves are able to operate under much laxer rules of conduct and regulatory scrutiny. The end product is a market that allows traders to buy and sell securities without a lot of the structure and safety that formal markets are designed to establish. Due to the lax rules and regulations, OTC stocks have become haven for &ldquo pump and dump&rdquo schemes that has costs investors millions of dollars and is why we recommend new traders stay away from the OTC markets and rather focus on cheaper listed securities. So what are the main risks involved with trading in over the counter markets? The main ones we will cover are: Company Transparency Market Capitalization Light Volume, Large Spreads" I rest my case.  blesskeemun      ( Date: 16-Dec-2018 13:05) Posted: I am wondered why OTC US market of Noble jumped 41% after the Bermuda court rulling.
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blesskeemun Master	16-Dec-2018 13:05        blesskeemun About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am wondered why OTC US market of Noble jumped 41% after the Bermuda court rulling.
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Sgvale Supreme	16-Dec-2018 12:19        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not many retail Noble investors compared Midas.Good sign
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Starship Supreme	16-Dec-2018 11:52        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Their lawyers are of course very smart, sly, and very proficient in English. When asked about listing, their lawyer did not answer " No" .  Instead he said there were no plans. Basically, once the restructuring is safely completed, the company would simply hatch a " new" plan and announce a listing somewhere. Never under-estimate the cunning of lawyers. How did many rich and powerful criminals around the world get just gentle slap (or none at all) for their crimes? They hire lawyers with the attributes shown in the pic below:   laksaman57      ( Date: 15-Dec-2018 23:16) Posted: ""This is an exceptional case," said Bermuda?s Supreme Court Chief Justice Narinder Hargun. The hearing, which took place in a small courtroom on the island, lasted only 30 minutes and only Noble?s lawyers and the lawyers for its ad-hoc group of creditors made appearances. The judge asked whether new Noble would ever be listed on any exchange. Christian Luthi, a lawyer for Noble at Conyers Dill & Pearman, said there are no plans to do so. Still, Friday?s decision represents a light at the end of the tunnel for Noble and its creditors."
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laksaman57 Supreme	16-Dec-2018 11:50        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	"MAS has overall responsibility for capital market regulation, including oversight of SGX. With the active involvement of SGX and market participants, MAS will conduct periodic reviews of the Code to ensure that it remains relevant and useful, and is in line with global best practices. As the Code was last reviewed in 2005, MAS does not see any pressing need for a further review in the near future." 😨 since 2005😮 http://www.mas.gov.sg/news-and-publications/media-releases/2007/mas-and-sgx-to-oversee-corporate-governance-for-listed-companies-from-01sep2007.aspx
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laksaman57 Supreme	16-Dec-2018 11:20        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sgx is such a failure. Top mgt should resign. Bad coy learning from Noble & Ezra. http://aspire.sharesinv.com/41782/ezra-files-chapter-11-who-is-next/
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blesskeemun Master	16-Dec-2018 10:49        blesskeemun About Contact  Quote this Post!
x 0   x 0  Alert Admin	How to buy Noble share now? Any seller? Need to collect some....
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tanlipzee Member	16-Dec-2018 00:57        tanlipzee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any idea what will be the next step? The share of noble that we are holding will become 0? Sincerely hope someone can share the information.
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laksaman57 Supreme	15-Dec-2018 23:18        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	"....for Noble and it's creditors"
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