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DoomGloom Member	18-Jan-2021 21:23        DoomGloom About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hedge fund normally act on behalf of who doesnt want to disclose . Probably acquisition or takeover?
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bicboi Veteran	18-Jan-2021 21:19        bicboi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Correct me if i am wrong, but might follow grand venture&rsquo s pattern. who knows even though it was sold below market share price bicboi      ( Date: 18-Jan-2021 21:14) Posted: Nothing to chase i guess, sale of shares at a cut price. Only if the acquisition is at a higher price the share price will rise to the price that it was sold to pilgrim for.
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bicboi Veteran	18-Jan-2021 21:14        bicboi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nothing to chase i guess, sale of shares at a cut price. Only if the acquisition is at a higher price the share price will rise to the price that it was sold to pilgrim for.
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soonsoonhuat Veteran	18-Jan-2021 20:59        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	the fundamental difference between a placement and sales of shares by majority shareholders is the former is share dilutive and the latter dosnt affect the issued share capital. however, placement to a strong party will result in the rocket of share prices i dunno the credential of pilgrim , perhaps those in the fund management industry can shed some light on this boutique hedge fund managers. tcctcc      ( Date: 18-Jan-2021 20:51) Posted: Grand venture recently placed out  71.5 million new shares in the company at S$0.33 apiece to  Novo Tellus PE Fund 2. The issue price of S$0.33 represents about an 18 per cent discount to the volume-weighted average price of S$0.40 per share based on trades done on Jan 11, being the last full market day before the placement agreement was signed. Grand venture traded at $0.525 today.  Let' s hope Fu Yu has similar movement.  bicboi      ( Date: 18-Jan-2021 20:43) Posted: $0.26 per share, did not pay a higher price for it.
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uiop1223 Supreme	18-Jan-2021 20:58        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nothing to explain. Just some greedy people thot something BIG going to happen... end up just a set up of fund.. share price going back to 26 cents liao soonsoonhuat      ( Date: 18-Jan-2021 20:43) Posted: now waiting for the response of fu yu to sgx, pertaining to the query.
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tcctcc Senior	18-Jan-2021 20:51        tcctcc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Grand venture recently placed out  71.5 million new shares in the company at S$0.33 apiece to  Novo Tellus PE Fund 2. The issue price of S$0.33 represents about an 18 per cent discount to the volume-weighted average price of S$0.40 per share based on trades done on Jan 11, being the last full market day before the placement agreement was signed. Grand venture traded at $0.525 today.  Let' s hope Fu Yu has similar movement.  bicboi      ( Date: 18-Jan-2021 20:43) Posted: $0.26 per share, did not pay a higher price for it.
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soonsoonhuat Veteran	18-Jan-2021 20:45        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	today' s first tranche of 184M alreay reflected that hoping for the company to explain why the sale of shares to pilgrim    bicboi      ( Date: 18-Jan-2021 20:43) Posted: $0.26 per share, did not pay a higher price for it.
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soonsoonhuat Veteran	18-Jan-2021 20:43        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	now waiting for the response of fu yu to sgx, pertaining to the query.
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bicboi Veteran	18-Jan-2021 20:43        bicboi About Contact  Quote this Post!
x 0   x 0  Alert Admin	$0.26 per share, did not pay a higher price for it.
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uiop1223 Supreme	18-Jan-2021 20:33        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Doesnt seem big news to me? Drop back to 28cents?
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soonsoonhuat Veteran	18-Jan-2021 20:31        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	apparently, today' s transaction is for the first tranche, think tomorrow there will another tranche. S$58,342,053 to be paid in two tranches soonsoonhuat      ( Date: 18-Jan-2021 20:28) Posted: Pilgrim Partners Asia (Pte.) Ltd. (" Pilgrim" ) is a fund manager. It is intended for the 224,392,511 shares in Fu Yu Corporation Limited acquired by Pilgrim to be held by a variable capital company (" VCC" ) to be incorporated and established by Pilgrim as fund manager. It is intended for the VCC to be structured as a closed end fund with Wang Shao Ren (Wang Shaoren) @ Ong Shao Jin as a member holding an 85% shareholding. As mentioned in paragraph 8 of Substantial Shareholder A' s notification, completion under the sale and purchase agreement has not taken place
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soonsoonhuat Veteran	18-Jan-2021 20:28        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pilgrim Partners Asia (Pte.) Ltd. (" Pilgrim" ) is a fund manager. It is intended for the 224,392,511 shares in Fu Yu Corporation Limited acquired by Pilgrim to be held by a variable capital company (" VCC" ) to be incorporated and established by Pilgrim as fund manager. It is intended for the VCC to be structured as a closed end fund with Wang Shao Ren (Wang Shaoren) @ Ong Shao Jin as a member holding an 85% shareholding. As mentioned in paragraph 8 of Substantial Shareholder A' s notification, completion under the sale and purchase agreement has not taken place
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DexterT Veteran	18-Jan-2021 19:57        DexterT About Contact  Quote this Post!
x 0   x 0  Alert Admin	What news?? yamseng      ( Date: 18-Jan-2021 19:12) Posted: BIG news coming
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soonsoonhuat Veteran	18-Jan-2021 19:18        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	all screens are showing trading halt, but the duration of the halt is not shown, so how do u know tmolo is still halt. the news might come out this evening or tomorrow morning prior to mkt open. and they stil hv a query by sgx to respond to. Leon1954      ( Date: 18-Jan-2021 19:13) Posted: My screen tells me there is trading halt for tomorrow. So things may be more complex than changing of shareholders???
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Leon1954 Member	18-Jan-2021 19:13        Leon1954 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My screen tells me there is trading halt for tomorrow. So things may be more complex than changing of shareholders???
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yamseng Supreme	18-Jan-2021 19:12        yamseng About Contact  Quote this Post!
x 0   x 0  Alert Admin	BIG news coming
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soonsoonhuat Veteran	18-Jan-2021 19:03        soonsoonhuat About Contact  Quote this Post!
x 0   x 0  Alert Admin	hopefully sell it to novus tellus fund, den tomorrow super chion le
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bicboi Veteran	18-Jan-2021 18:17        bicboi About Contact  Quote this Post!
x 0   x 0  Alert Admin	2hrs liao, take so long to come up with announcement. Making people wait for so longgggg
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papayaface Supreme	18-Jan-2021 18:16        papayaface About Contact  Quote this Post!   Yells: "This is the best time to enter....when everythings uncertain"
x 0   x 0  Alert Admin	Despite covid19 distruptions on operations, the group recorded 36% rise in net profit against a decline in turnover for 9 months to 30 Sept 2020.  NTA is 22 cts. Not bad. Good luck  soonsoonhuat      ( Date: 18-Jan-2021 17:44) Posted: Net cash company with zero borrowings, cash in hand is 98m sgd. solid company leh
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superstartup Supreme	18-Jan-2021 17:56        superstartup About Contact  Quote this Post! Style: Fundamental   Yells: "Enjoy doing Fundamental Research"
x 0   x 0  Alert Admin	Thanks bro. . . Contratrader      ( Date: 18-Jan-2021 17:40) Posted: Bo bian ...short never cover within same day will face buy in by sgx....then depends on luck that day of buy in .if  lower than the price u short u huat but if higher then lose lo..unless got scrip borrowing facilities. superstartup      ( Date: 18-Jan-2021 17:33) Posted: Am keen to know also . . . Anyone know the answer
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