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Latest Forum Topics / New Silkroutes  Post Reply
New Silkroutes in thought to buy a bank?
Macqueen
Master
26-Feb-2018 16:37     
 
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 Alert Admin 		Berani: u sure 6cents u change the statement hmmm please dont try to mislead people. read carefully in the SGX announcement. 

Lazyboy77      ( Date: 26-Feb-2018 10:20) Posted:

it is 0.60 cents ( sixty cents ) 

Can you all just click on the link and read. No wonder got so many fake news sources. pls got to SGX to see the original announcent also to verify.

Guys dont be lazy with your money.

Laggard      ( Date: 26-Feb-2018 09:51) Posted:

6 cents or 60 cents?
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Berani
Elite
26-Feb-2018 16:22     
 
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 Alert Admin 		3.90

I earn from JEP, Delong and Jiu Tian.

3,900 solely profit. No capital. :)
 

stockist75      ( Date: 26-Feb-2018 14:15) Posted:

what is yr entry price?

Berani      ( Date: 26-Feb-2018 11:31) Posted:

vested 10 lots
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stockist75
Veteran
26-Feb-2018 14:15     
 
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 Alert Admin 		what is yr entry price?

Berani      ( Date: 26-Feb-2018 11:31) Posted:

vested 10 lots.

Trader1987      ( Date: 26-Feb-2018 11:24) Posted:

Thanks shortists. Without you guys we really cannot get it so cheap.. now that you have helped the longiest, time for us to return you a favor.. 1 sentence of advice...

COVER YOUR SHORTS. DO NOT GAMBLE ON THIS STOCK. YOU STILL HAVE YOUR FAMILY...
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Berani
Elite
26-Feb-2018 11:31     
 
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 Alert Admin 		vested 10 lots.

Trader1987      ( Date: 26-Feb-2018 11:24) Posted:

Thanks shortists. Without you guys we really cannot get it so cheap.. now that you have helped the longiest, time for us to return you a favor.. 1 sentence of advice...

COVER YOUR SHORTS. DO NOT GAMBLE ON THIS STOCK. YOU STILL HAVE YOUR FAMILY...
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Trader1987
Veteran
26-Feb-2018 11:24     
 
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 Alert Admin 		Thanks shortists. Without you guys we really cannot get it so cheap.. now that you have helped the longiest, time for us to return you a favor.. 1 sentence of advice...

COVER YOUR SHORTS. DO NOT GAMBLE ON THIS STOCK. YOU STILL HAVE YOUR FAMILY...
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SmallSmall
Supreme
26-Feb-2018 10:35     
 
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 Alert Admin 		1 placement of 11+ mil @ $0.44
1 convertible loan with min conversion price of $0.50
1 deal of $65 mil via new share issue at $0.50
For those interested :)
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Lazyboy77
Member
26-Feb-2018 10:20     
 
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 Alert Admin 		it is 0.60 cents ( sixty cents ) 

Can you all just click on the link and read. No wonder got so many fake news sources. pls got to SGX to see the original announcent also to verify.

Guys dont be lazy with your money.

Laggard      ( Date: 26-Feb-2018 09:51) Posted:

6 cents or 60 cents??

Berani      ( Date: 26-Feb-2018 00:14) Posted:

conversion of 6 cents only....wo
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Berani
Elite
26-Feb-2018 09:54     
 
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 Alert Admin 		should be 0.50 very soon

Laggard      ( Date: 26-Feb-2018 09:51) Posted:

6 cents or 60 cents??

Berani      ( Date: 26-Feb-2018 00:14) Posted:

conversion of 6 cents only....wo
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Laggard
Senior
26-Feb-2018 09:51     
 
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 Alert Admin 		6 cents or 60 cents??

Berani      ( Date: 26-Feb-2018 00:14) Posted:

conversion of 6 cents only....wow

guards80      ( Date: 25-Feb-2018 23:32) Posted:

Haitong International Securities Group (Singapore) to subscribe to S$5m worth of convertible bonds in New Silkroutes Group



NEW Silkroutes Group has entered into a memorandum of understanding and term sheet with Haitong International Securities Group (Singapore).

Under the agreement, Haitong International Securities Group (Singapore) will subscribe to S$5 million worth of convertible bonds from the company, New Silkroutes said in a filing to the Singapore Exchange on Sunday.

The convertible bonds will be issued in registered form and will not be listed.

They will be due for maturity two years from the date of issue, and will have an annual interest of 5 per cent, to be payable semi-annually.

At the option of the subscriber, the convertible bonds can be converted (in whole or in part, subject to a minimum of S$100,000) into new shares of New Silkroutes at a conversion price of six Singapore cents.

New Silkroutes said that one of the principal terms of the bonds is that Haitong International Securities Group (Singapore) has the option of early redemption in the event that Goh Jin Hian ceases to be the chief executive of the company, or when permitted holders cease to collectively be the controlling shareholder.

Haitong International Securities Group (Singapore) is part of the Haitong International Securities Group, an international financial institution based in Hong Kong.

http://businesstimes.com.sg/companies-markets/haitong-international-securities-group-singapore-to-subscribe-to-s5m-worth-of


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SmallSmall
Supreme
26-Feb-2018 09:23     
 
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 Alert Admin 		Interesting counter. Let' s see if it can stage a major break out :)
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samudra
Veteran
26-Feb-2018 08:15     
 
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 Alert Admin

getting 5 million from hiatong is like borrowing money from the bank and i dont think in immediate term is good. Price should fall.
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Berani
Elite
26-Feb-2018 00:14     
 
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 Alert Admin 		conversion of 6 cents only....wow

guards80      ( Date: 25-Feb-2018 23:32) Posted:

Haitong International Securities Group (Singapore) to subscribe to S$5m worth of convertible bonds in New Silkroutes Group



NEW Silkroutes Group has entered into a memorandum of understanding and term sheet with Haitong International Securities Group (Singapore).

Under the agreement, Haitong International Securities Group (Singapore) will subscribe to S$5 million worth of convertible bonds from the company, New Silkroutes said in a filing to the Singapore Exchange on Sunday.

The convertible bonds will be issued in registered form and will not be listed.

They will be due for maturity two years from the date of issue, and will have an annual interest of 5 per cent, to be payable semi-annually.

At the option of the subscriber, the convertible bonds can be converted (in whole or in part, subject to a minimum of S$100,000) into new shares of New Silkroutes at a conversion price of six Singapore cents.

New Silkroutes said that one of the principal terms of the bonds is that Haitong International Securities Group (Singapore) has the option of early redemption in the event that Goh Jin Hian ceases to be the chief executive of the company, or when permitted holders cease to collectively be the controlling shareholder.

Haitong International Securities Group (Singapore) is part of the Haitong International Securities Group, an international financial institution based in Hong Kong.

http://businesstimes.com.sg/companies-markets/haitong-international-securities-group-singapore-to-subscribe-to-s5m-worth-of

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guards80
Supreme
25-Feb-2018 23:32     
 
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 Alert Admin

Haitong International Securities Group (Singapore) to subscribe to S$5m worth of convertible bonds in New Silkroutes Group



NEW Silkroutes Group has entered into a memorandum of understanding and term sheet with Haitong International Securities Group (Singapore).

Under the agreement, Haitong International Securities Group (Singapore) will subscribe to S$5 million worth of convertible bonds from the company, New Silkroutes said in a filing to the Singapore Exchange on Sunday.

The convertible bonds will be issued in registered form and will not be listed.

They will be due for maturity two years from the date of issue, and will have an annual interest of 5 per cent, to be payable semi-annually.

At the option of the subscriber, the convertible bonds can be converted (in whole or in part, subject to a minimum of S$100,000) into new shares of New Silkroutes at a conversion price of six Singapore cents.

New Silkroutes said that one of the principal terms of the bonds is that Haitong International Securities Group (Singapore) has the option of early redemption in the event that Goh Jin Hian ceases to be the chief executive of the company, or when permitted holders cease to collectively be the controlling shareholder.

Haitong International Securities Group (Singapore) is part of the Haitong International Securities Group, an international financial institution based in Hong Kong.

http://businesstimes.com.sg/companies-markets/haitong-international-securities-group-singapore-to-subscribe-to-s5m-worth-of
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guards80
Supreme
25-Feb-2018 22:38     
 
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 Alert Admin

New Silkroutes: Request for Resumption of Trading from Suspension
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alexchew
Master
23-Feb-2018 20:56     
 
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 Alert Admin 		wats so good about a counter that suspends so long... whats e background of e new incoming SSH? What kind of story is it going to be compared to before????

Macqueen      ( Date: 23-Feb-2018 20:35) Posted:

shorties will swam to cover on monday.

Laggard      ( Date: 15-Feb-2018 03:04) Posted:

I was bullish on the management and believe they are professional in what they doing. The ED selling is always a concern but i think he is supporting the counter price. The sudden termination just get me more uncomfortable.
For market to recognise the NAV is another question unless it is huge discount
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Macqueen
Master
23-Feb-2018 20:35     
 
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 Alert Admin 		shorties will swam to cover on monday.

Laggard      ( Date: 15-Feb-2018 03:04) Posted:

I was bullish on the management and believe they are professional in what they doing. The ED selling is always a concern but i think he is supporting the counter price. The sudden termination just get me more uncomfortable.
For market to recognise the NAV is another question unless it is huge discount.

Trader1987      ( Date: 12-Feb-2018 22:25) Posted:

Poor shorties.. shorted at a low and trying to create fear in this forum. When New Silkroutes lifted from suspension (very soon), get ready to close your position before too late.

The Group has suspended trading of its stock on the Singapore Exchange since 4 December 2017 to prevent any unusual share-price activity while negotiations on potential transactions are ongoing but expect to lift the suspension shortly.

Laggard, similar to you, I am vested in this counter. But why are you worried when the paper value (NAV) worth at least US$0.27 (S$0.36)?
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Macqueen
Master
23-Feb-2018 19:32     
 
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 Alert Admin 		invested but going to add more. DYODD TP $1.
​ Fromm the 500:1 it should be $1 long time le. my 2 cents. I maybe wrong

Trader1987      ( Date: 23-Feb-2018 13:55) Posted:

Good Luck 👍 👍

Charlyn      ( Date: 23-Feb-2018 12:21) Posted:

Preparing to buy this coming Monday!!!
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Trader1987
Veteran
23-Feb-2018 13:55     
 
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 Alert Admin 		Good Luck 👍 👍

Charlyn      ( Date: 23-Feb-2018 12:21) Posted:

Preparing to buy this coming Monday!!!!

Trader1987      ( Date: 23-Feb-2018 08:49) Posted:

New Silkroutes Group to Expand into Medical Consumables Business with China Acquisition
&bull NSG to issue S$65 million worth of new shares at S$0.50 each as consideration
&bull NSG shares to resume trading on 26 February 2018 at 9.00am


Singapore &ndash 23 February 2018. New Silkroutes Group Limited (&ldquo NSG&rdquo or the &ldquo Group&rdquo ) has signed a legally binding memorandum of understanding with a Chinese party with a view to acquire two Shanghai-based firms that manufacture polypropylene fabrics, polyester wadding and related products, in a move that could pave the way for it to become a major supplier of consumables to the healthcare industry in China and beyond, particularly in South East Asia.
NSG expects to issue S$65 million worth of new shares to Mr Shen Yuyun as consideration for full control of Shanghai Fengwei Nonwovens Co Ltd and Shanghai Fengwei Garment Accessories Co Ltd. The shares will be priced at S$0.50 each. Mr Shen is the Chairman and General Manager of the two companies and an industry veteran holding executive committee positions of various associations related to the nonwoven material industry in China.
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Charlyn
Veteran
23-Feb-2018 12:21     
 
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 Alert Admin 		Preparing to buy this coming Monday!!!!

Trader1987      ( Date: 23-Feb-2018 08:49) Posted:

New Silkroutes Group to Expand into Medical Consumables Business with China Acquisition
&bull NSG to issue S$65 million worth of new shares at S$0.50 each as consideration
&bull NSG shares to resume trading on 26 February 2018 at 9.00am


Singapore &ndash 23 February 2018. New Silkroutes Group Limited (&ldquo NSG&rdquo or the &ldquo Group&rdquo ) has signed a legally binding memorandum of understanding with a Chinese party with a view to acquire two Shanghai-based firms that manufacture polypropylene fabrics, polyester wadding and related products, in a move that could pave the way for it to become a major supplier of consumables to the healthcare industry in China and beyond, particularly in South East Asia.
NSG expects to issue S$65 million worth of new shares to Mr Shen Yuyun as consideration for full control of Shanghai Fengwei Nonwovens Co Ltd and Shanghai Fengwei Garment Accessories Co Ltd. The shares will be priced at S$0.50 each. Mr Shen is the Chairman and General Manager of the two companies and an industry veteran holding executive committee positions of various associations related to the nonwoven material industry in China.
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Trader1987
Veteran
23-Feb-2018 08:49     
 
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 Alert Admin 		New Silkroutes Group to Expand into Medical Consumables Business with China Acquisition
&bull NSG to issue S$65 million worth of new shares at S$0.50 each as consideration
&bull NSG shares to resume trading on 26 February 2018 at 9.00am


Singapore &ndash 23 February 2018. New Silkroutes Group Limited (&ldquo NSG&rdquo or the &ldquo Group&rdquo ) has signed a legally binding memorandum of understanding with a Chinese party with a view to acquire two Shanghai-based firms that manufacture polypropylene fabrics, polyester wadding and related products, in a move that could pave the way for it to become a major supplier of consumables to the healthcare industry in China and beyond, particularly in South East Asia.
NSG expects to issue S$65 million worth of new shares to Mr Shen Yuyun as consideration for full control of Shanghai Fengwei Nonwovens Co Ltd and Shanghai Fengwei Garment Accessories Co Ltd. The shares will be priced at S$0.50 each. Mr Shen is the Chairman and General Manager of the two companies and an industry veteran holding executive committee positions of various associations related to the nonwoven material industry in China.
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