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Alset International (SeD) The new beginning
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MarcLim
Veteran |
19-Aug-2022 13:38
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Wao! Going back 15/16, then break 19/20. Above 20 NP if positive outcome can be agreed.
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tankoksee
Supreme |
19-Aug-2022 13:37
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chiong ah..usually together with china env res.. |
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SmallSmall
Supreme |
19-Aug-2022 12:27
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Entry into Agreement with US Based Fund
The Board of Directors (the ?Board?) of Asiaphos Limited (the ?Company?) together with its subsidiaries (hereinafter referred to as the ?Group?) wishes to announce that the Company and its wholly owned subsidiary, Norwest Chemicals Pte Ltd have on 18 August 2022 received confirmation/ finalisation of its agreement with a US based Fund that will provide non-recourse funding in respect of the Group?s pending international investment arbitration against the People?s Republic of China. The funding provided pursuant to this agreement will cover a set amount of the anticipated fees and costs through the end of the Arbitration, as well as certain fees and costs that have been incurred to-date. The Fund will recover based on amounts recovered in the arbitration by way of award or settlement. If the funding agreement is terminated prior to the completion of the arbitration, the Fund will be entitled to cease funding but will still be entitled to recover based on the amounts recovered in the arbitration by way of award or settlement. The Group is unable to provide further public information on the terms of the agreement due to strict confidentiality restrictions in the funding documents. Apart from the agreement to provide funding, there is no relationship between the Company, its substantial shareholders and the Fund or its directors and management. No shares of the Company nor its subsidiaries will be issued in connection with the Agreement. The entry into the Investment Agreement is not expected to have any material impact on the audited net tangible assets or earnings of the Group for the financial year ending 31 December 2022. Save for their interest in the Company, none of the Directors, controlling shareholders or their associates have any interest, direct or indirect, in the aforesaid entry of the Company into the investment agreement. Save as disclosed, there are no other material developments in the arbitration that requires disclosure. The Board will duly make such announcements on SGXnet when there are new and material developments. Shareholders and investors are advised to exercise caution when dealing in the Company?s shares. When in doubt, shareholders and potential investors are advised to seek independent advice from their professional advisors before trading or making any investment decision on the Company?s securities. BY ORDER OF THE BOARD Dr Ong Hian Eng Executive Director AsiaPhos Limited |
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TheMatrix
Elite |
15-Jun-2022 12:36
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I agree to short but not to long. Buy still too risky for me. Today got profit from other stocks. Can relax a bit.
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SmallSmall
Supreme |
15-Jun-2022 12:35
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Those already played few rounds. This one maybe I say maybe just started :)
If enough shorts, later $0.015 easily. Just looked at how Nautical moves the last 2 days. No risks no gains
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TheMatrix
Elite |
15-Jun-2022 12:04
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Mencast. Parkson, acesian... Better play with those got chance go up then go for quick profit.
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SmallSmall
Supreme |
15-Jun-2022 11:59
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Haha..which penny stock is profitable? Just pure plays as the waves sweeps through the small pennies.
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TheMatrix
Elite |
15-Jun-2022 11:53
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This company sell the not so profitable phosphate, not the battery one. Every year lost money. Better don't touch.
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SmallSmall
Supreme |
15-Jun-2022 11:47
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Anyone shorted? This one SS is one of the Ong from Hwa Hong family. Don' t play play | ||||
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MakeChanges
Elite |
11-Jan-2022 07:57
Yells: "No price is too low for a bear or too high for a bull" |
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RENEWAL OF BANKING FACILITY WITH SPD RURAL BANK The New Banking Facility has an interest rate based on the loan prime rate (LPR) established by the National Interbank Funding Center plus basis points (BPS), i.e. currently the interest payable on the New Banking Facility will be 6.525% per annum, which is a fixed interest rate throughout the facility period. For comparison purpose only, the interest rate for the Previous Banking Facility was 6.52% per annum. The New Banking Facility will be secured by land use rights pertaining to a site of approximately 89,126.41m2 in Gongxing Industrial Zone in Sichuan province (Phase 2 Land) as similar to the Previous Banking Facility. The Phase 2 Land is part of the proposed disposal of the Phase 2 factory assets as announced on 29 November 2021 and 24 December 2021 (' Proposed Disposal of Phase 2 Factory Assets' ). SPD has been informed and made aware of the Proposed Disposal of Phase 2 Factory Assets. Pursuant to the sale and purchase agreement dated 29 November 2021 (' SPA' ) for the Proposed Disposal of Phase 2 Factory Assets, Sichuan Mianzhu Norwest Phosphate Co., Ltd (being the seller) will arrange cancellation of mortgage with SPD prior to the delivery/transfer of Phase 2 Factory Assets to the Buyer and such mortgage will be cancelled within 20 working days after the full consideration for the Proposed Disposal of Phase 2 Factory Assets has been received. The full payment of the consideration is within one year from 29 November 2021, being the date of execution of the SPA. Thus, the cancellation of mortgage and full repayment of the SPD New Banking Facility will occur within one year. As at the date of the announcement, the Group has received RMB20.475 million of the consideration. The balance of the consideration receivable of approximately RMB11 million will be used to repay the SPD New Banking Facility before the transfer of the title to the Sichuan Mianzhu Huaxingfeng Food Co Limited (being the buyer under the SPA). The rest of the terms and conditions of the New Banking Facility are substantially similar to those of the Previous Banking Facility. With reference to Rule 704(33) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited, the Board wishes to inform the Company is required to obtain SPD written approval for significant shareholding transfers that would result in a change of control in the Company, as well as change of shareholding in the Company arising from mergers, and joint ventures. The aggregate level of the facilities that may be affected by the breach of such condition or restriction, would be the RMB10 million facility with SPD |
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tankoksee
Supreme |
08-Oct-2021 11:59
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mining co..osoa | ||||
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tankoksee
Supreme |
08-Oct-2021 10:58
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China' s Sept services activity returns to growth: Caixin PMI |
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tankoksee
Supreme |
07-Oct-2021 12:02
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co should be profitable this coming quarter... rto news coming oso.. high nta...BB better smell roses soon.. |
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tankoksee
Supreme |
06-Oct-2021 14:24
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tankoksee
Supreme |
06-Oct-2021 11:49
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wow..nta 7.4 cts... BB smell roses....easily 3 cts ..siah |
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Charleschoong
Veteran |
21-Sep-2021 01:48
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Hold tight for this..hidden buyer inside | ||||
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MarcLim
Veteran |
15-Jun-2021 14:25
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18/19 blocking. 17 buy and hold. Haven' t cheong penny. 😅 DYDD
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MarcLim
Veteran |
09-Jun-2021 11:13
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17-18 got buyers recently. Can breakout19? 🤔
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MarcLim
Veteran |
08-Apr-2021 10:01
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Good news. Doesn' t benefit those existing shareholders. A lot had sold below 20-19-18-17-16 when news first came out. maybe corporate news coming soon. Watching.
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Joelton
Supreme |
08-Apr-2021 09:23
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AsiaPhos terminates agreement to purchase gold and copper mining group
AsiaPhos has terminated the sale and purchase agreement (SPA) it had entered into on Nov 12, 2020 with Mining and Minerals Industries Holding for the acquisition of the entire issued and paid-up share capital of MMJV.
MMJV is a Singapore-led gold and copper mining group of companies that hold controlling interests in three gold and copper mining concessions in the Philippines.
Based on the SPA, the consideration for the proposed acquisition would have amounted to $72 million or 50% of an independent valuation, whichever lower.
In a filing to the Singapore Exchange on April 7, AsiaPhos states that the termination arose from conditions precedent of the SPA not being met, which includes Mining and Minerals Industries securing a fund-raising exercise, with at least $2.8 million of the proceeds to go towards discharging MMJV&rsquo s debts.
Given that Mining and Minerals Industries has yet to secure funding and would require more time to fulfil the condition, AsiaPhos believes that it will not be possible to complete the sale and purchase transaction within the agreed timeline of the SPA. The sale was expected to be completed by Nov 12 or within three months from the approval of a proposed whitewash resolution, whichever earlier.
AsiaPhos states that the termination is not expected to have any material impact on the consolidated net tangible assets or earnings for the group in FY2021 ending December. It will continue to focus on its ongoing business in manufacturing phosphate-based chemicals products while also sourcing other corporate, business, acquisition, and financing opportunities.
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