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Construction Material & Bio-Medical Outsourcing
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bishalnb
Master |
01-Sep-2021 16:53
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yesterday like full of hope, today dashed :( | |||||
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SujantoHenry
Member |
18-Aug-2021 00:35
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CAPALLIANZ HOLDINGS LIMITED (Formerly known as CWX Global Limited) (Incorporated in the Republic of Singapore) (Company Registration No. 199905693M) BUSINESS UPDATES ON THE GROUP - ENTRY INTO A SETTLEMENT AGREEMENT IN RESPECT OF CREDIT FACILITIES WITH BANK - REVIEW OF THE GROUP&rsquo S OIL AND GAS PROPERTIES 1. INTRODUCTION The board of directors (the &ldquo Board&rdquo ) of CapAllianz Holdings Limited (formerly known as CWX Global Limited) (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to update shareholders of the Company (&ldquo Shareholders&rdquo ) on (i) Loyz Oil Pte Ltd (&ldquo Loyz Oil&rdquo ) (a subsidiary of the Company) existing US$32 million credit facility with Oversea-Chinese Banking Corporation Limited (&ldquo OCBC Bank&rdquo ) (the &ldquo Term Loan&rdquo ) and (ii) the Group&rsquo s oil and gas properties, which is in respect of the Group&rsquo s key investment in a 20% stake in onshore oil concessions located at Phetchabun Basin in Thailand (&ldquo Thailand Concessions&rdquo ). Please refer to the Company&rsquo s annual report for the financial year ended 30 June 2020, Note 22 to the Financial Statements, for details on the Term Loan. 2. TERM LOAN The Board is pleased to announce that Loyz Oil has, on 16 August 2021, entered into a settlement agreement with OCBC Bank in relation to the Term Loan (&ldquo Settlement Agreement&rdquo ). Under the terms of the Settlement Agreement, Loyz Oil will make a final repayment of S$1.5 million to OCBC Bank by 30 September 2021 (&ldquo Completion&rdquo ). This will extinguish all payables by Loyz Oil to OCBC Bank, including the Term Loan and all related servicing costs, amounting to approximately US$18.6 million as of 30 June 2021. All collaterals relating to the Term Loan (including pledging of shares and cash flow of Loyz Oil Thailand Pte Ltd, a subsidiary of the Group) will also be discharged by OCBC Bank on Completion. The Completion is expected to provide the Group with a one-off gain of approximately US$17.5 million which will significantly improve the consolidated net tangible assets per share and earnings per share of the Group for the financial year ending 30 June 2022 (&ldquo FY2022&rdquo ). On Completion, the Group will be debt-free, turning around from its negative working capital position and strengthening its balance sheet. 3. THAILAND CONCESSIONS The Company wishes to announce that as part of the audit for the financial year ending 30 June 2021, it is conducting an impairment assessment exercise on the Thailand Concessions. This impairment assessment exercise is based on a discounted cash flow valuation with certain assumptions, including outlook for oil prices and the demand for oil in view of the uncertainties brought upon by the Coronavirus Disease 2019 (&ldquo COVID-19&rdquo ) pandemic (the &ldquo Impairment Review&rdquo ). The Company will give further updates on the Impairment Review in its announcement on the unaudited full year financial results to be released on SGXNET on or before 29 August 2021. The Company also wishes to announce that, through various rounds of cost optimization efforts and improving oil price in 2021, the operations at the Thailand Concessions (&ldquo Thailand Operations&rdquo ) are now able to generate positive operating cash flows despite the low oil production. The Thailand Operations have planned for a 5-well drilling campaign which is slated to commence in the last quarter of 2021. The drilling campaign aims to increase reserves as well as oil production. 4. CAUTIONARY STATEMENT Shareholders and potential investors of the Company are advised to read this announcement and any further announcements made by the Company carefully. Shareholders and potential investors of the Company are advised to refrain from taking any action with respect to their securities in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the Company. Shareholders and potential investors of the Company should consult their stockbrokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take. By Order of the Board Pang Kee Chai, Jeffrey Executive Director and Chief Executive Officer 17 August 2021
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SujantoHenry
Member |
17-Aug-2021 10:28
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Feel it is good to buy now while the price is low. Earning results will be out on or before 29th August 2021.
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SureStrike
Veteran |
17-Aug-2021 10:22
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Yup! More cooking oil please! Go go CapAllianz. Cheer! |
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SujantoHenry
Member |
17-Aug-2021 10:11
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CapAllianz: Expects To Strengthen Financial Position From The Final Settlement Of Credit Facilities For Its Onshore Oil Concessions In Thailand.17 Aug 2021 09:53
Final repayment of S$1.5 million to extinguish all payables by Loyz Oil amounting to approximately US$18.6 million due to OCBC bank for the Group' s 20% stake in its onshore oil concessions in Thailand. Group expects to report a one-off gain of approximately US$17.5 million arising from the settlement for the financial year ending 30 June 2022. Group will be debt-free with a strengthened financial position upon completion of the final repayment...
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grateful
Senior |
17-Aug-2021 09:45
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ok thanks thanks
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SmallSmall
Supreme |
17-Aug-2021 09:24
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Bottoming out process. Thereafter will stage a bottom up recovery like some other oil related stocks. Limited downside at $0.003.
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grateful
Senior |
17-Aug-2021 09:20
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saw the announcement this morning? this company finally will become debt-free after paying ocbc bank S$1.5 million with new money raised from placement and the oil asset in thailand positive now, this could be another turnaround company
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SmallSmall
Supreme |
17-Aug-2021 09:19
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Business Update Final repayment of S$1.5 million to extinguish all payables by Loyz Oil amounting to approximately US$18.6 million due to OCBC bank for the Group&rsquo s 20% stake in its onshore oil concessions in Thailand Group expects to report a one-off gain of approximately US$17.5 million arising from the settlement for the financial year ending 30 June 2022 Group will be debt-free with strengthened financial position upon completion of the final repayment |
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Richie81
Member |
29-Jul-2021 15:27
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This penny counter quite remarkable......can attract private placements of $5m easily.....either these investors have their own ideas of pushing up the counter or this company really have good propositions for upcoming growth. Hopefully become another super highflyer like oceanus or dogecoin..... | |||||
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grateful
Senior |
29-Jul-2021 14:50
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so can accumulate at this level?
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bishalnb
Master |
29-Jul-2021 14:15
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bishalnb
Master |
28-Jul-2021 09:04
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PROPOSED PLACEMENT OF 1,815,445,559 NEW ORDINARY SHARES AT S$0.0027 PER SHARE | |||||
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Starwar88
Supreme |
27-Jul-2021 21:54
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If no news by tomorrow then Jialat. | |||||
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peterwong321
Veteran |
27-Jul-2021 20:21
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Target price 0.01 | |||||
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peterwong321
Veteran |
27-Jul-2021 16:31
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resume of oil production | |||||
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bishalnb
Master |
27-Jul-2021 16:30
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2nd day halt ... whats brewing ? | |||||
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bishalnb
Master |
29-Jun-2021 10:48
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looks like have to hold longer ... 
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k2kingkong
Senior |
20-May-2021 09:18
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http://cwxglobal.listedcompany.com/newsroom/20210416_215110_NULL_VQZA019IRUYYXBGO.1.pdf RATIONALE FOR THE PROPOSED CHANGE OF NAME The Company has welcomed new investors over the last six (6) months with two placement exercises completed, raising new capital for the Group. Further, new Directors had been appointed, rejuvenating the Board. Going forward, the Group will focus more on investing into new accretive businesses and assets, with a view to diversify its income and cash flow streams, thereby adding value to the Group. The proposed new name of the Company represents the direction to gather capital resources in an alliance, to create value and returns for all shareholders of the Company. The Board believes that the Proposed Change of Name will better represent the Group&rsquo s new corporate identity and business strategy. The Proposed Change of Name will also allow the public and the Company&rsquo s business partners to better identify with the Company going forward based on its current business plans and direction. |
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k2kingkong
Senior |
12-May-2021 09:20
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This morning buy volume now is more than 17m shares. CWX could be moving today. | |||||
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