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Afternoon shuld break 30...
CSC TO BREAK 30 TODAY NOT????
suddenly top up buy volume... it' s shorting?
johnng ( Date: 22-Sep-2017 10:21) Posted:
|
CSC CHIONG TODAY LA...
CSC CHIONG BOR/..
Tat Hong surged today, halted now.
CSC' s Chwee Cheng & Sons Pte. Ltd owns about 40% of Tat Hong, so could have " benefitted"
http://www.businesstimes.com.sg/stocks/tat-hong-says-in-ongoing-talks-on-potential-transactions-appoints-adviser
Tat Hong says in ongoing talks on potential transactions, appoints adviser
CRANE specialist Tat Hong Holdings, which has halted trading in its shares after they rallied more than 5 per cent on Thursday, revealed that it has been approached by certain parties on a potential transaction.
Its shares were hovering around S$0.405 each, up S$0.020 a share, or 5.195 per cent, at the time trading was halted around 03.18pm. More than three million shares changed hands.
Referring to the unusual trading volume and sharp hike in its stock price, Tat Hong said:" The board wishes to inform shareholders that the company has been approached by certain parties in connection with a potential transaction in relation to the securities of the company."
" The discussions are ongoing and there is no certainty or assurance whatsoever that any transaction will arise from these discussions."
It has appointed Rippledot Capital Advisers as its financial adviser in connection with such approaches.
Last Thursday, the company reported that it slipped deeper into the red for the fiscal first quarter ended June 30, 2017. Net loss was S$5.086 million, compared to a net loss of S$3.578 million a year ago. Revenue grew 1 per cent to S$118.329 million.
On June 30, 2017, it recorded a cash and cash equivalents of about S$117 million of which S$21.4 million was earmarked for certain banking facilities.
Looking ahead, Tat Hong said it expected the Asean market to remain challenging, while demand from China to be healthy. It was " cautiously optimistic" about the improving market and economic outlook in Australia.
Tat Hong said it would continue its fleet rationalisation activities, and also continue to take advantage of its strong China presence to explore opportunities in China' s One Belt One Road initiative.
CSC' s Chwee Cheng & Sons Pte. Ltd owns about 40% of Tat Hong, so could have " benefitted"
http://www.businesstimes.com.sg/stocks/tat-hong-says-in-ongoing-talks-on-potential-transactions-appoints-adviser
Tat Hong says in ongoing talks on potential transactions, appoints adviser
Thu, Sep 21, 2017 - 4:18 PM
CRANE specialist Tat Hong Holdings, which has halted trading in its shares after they rallied more than 5 per cent on Thursday, revealed that it has been approached by certain parties on a potential transaction.
Its shares were hovering around S$0.405 each, up S$0.020 a share, or 5.195 per cent, at the time trading was halted around 03.18pm. More than three million shares changed hands.
Referring to the unusual trading volume and sharp hike in its stock price, Tat Hong said:" The board wishes to inform shareholders that the company has been approached by certain parties in connection with a potential transaction in relation to the securities of the company."
" The discussions are ongoing and there is no certainty or assurance whatsoever that any transaction will arise from these discussions."
It has appointed Rippledot Capital Advisers as its financial adviser in connection with such approaches.
Last Thursday, the company reported that it slipped deeper into the red for the fiscal first quarter ended June 30, 2017. Net loss was S$5.086 million, compared to a net loss of S$3.578 million a year ago. Revenue grew 1 per cent to S$118.329 million.
On June 30, 2017, it recorded a cash and cash equivalents of about S$117 million of which S$21.4 million was earmarked for certain banking facilities.
Looking ahead, Tat Hong said it expected the Asean market to remain challenging, while demand from China to be healthy. It was " cautiously optimistic" about the improving market and economic outlook in Australia.
Tat Hong said it would continue its fleet rationalisation activities, and also continue to take advantage of its strong China presence to explore opportunities in China' s One Belt One Road initiative.
CHIONG LOR
CHIOONG ARH
can chiong not??
i still waiting for CSC burst up
JOINT VENTURE WITH TRIPLESTAR PROPERTIES AND ZILLION HOLDING FOR A
PROPOSED COMMERCIAL DEVELOPMENT
http://infopub.sgx.com/FileOpen/Announcement_Seremban%20JV.ashx?App=Announcement& FileID=470700
1. INTRODUCTION
The Board of Directors (the &ldquo Board&rdquo ) of CSC Holdings Limited (the &ldquo Company&rdquo , together
with its subsidiaries, the &ldquo Group&rdquo ) refers to its announcements issued on 20 May 2016,
23 June 2016, 28 June 2016 and 7 September 2016 (the &ldquo Announcements&rdquo ) regarding
the joint venture in relation to a proposed commercial development in Seremban, Negeri
Sembilan by Top3 Development Sdn Bhd (the &ldquo JV Company&rdquo )(the &ldquo Joint Venture&rdquo ).
As disclosed in the Announcement on 20 May 2016, CS Real Estate Investments Pte Ltd
(&ldquo CSREI&rdquo ) (a wholly-owned subsidiary of the Company), Triplestar Properties Sdn Bhd
(&ldquo TSP&rdquo ) and Zillion Holding Sdn Bhd (&ldquo ZH&rdquo ) had entered into a shareholder&rsquo s agreement
on 20 May 2016 in relation to the Joint Venture (the &ldquo Existing Shareholders&rsquo
Agreement&rdquo ).
Unless otherwise defined herein, capitalised terms used in this announcement shall have
the same meanings ascribed to them in the Announcements.
The Board wishes to announce the following:-
(i) On 14 September 2017, CSREI, TSP and ZH entered into a deed of revocation to
revoke the Existing Shareholders&rsquo Agreement (&ldquo Revocation&rdquo ) and to terminate all
existing rights and obligations amongst CSREI, TSP and ZH.
(ii) Concurrently with the Revocation, ZH has transferred its 20% equity interest in the
JV Company to Bluecrest Holding Pte Ltd (&ldquo BH&rdquo ) (the &ldquo Transfer&rdquo ). Following the
Transfer, ZH has ceased to be a shareholder of the JV Company.
(iii) Further, CSREI has entered into a new shareholders&rsquo agreement with each of TSP,
BH and WB Land (Ainsdale) Sdn Bhd (&ldquo WB&rdquo ) in relation to the Joint Venture (the
&ldquo Revised Shareholders&rsquo Agreement&rdquo ) on the same day.
2. SHAREHOLDING PROPORTION IN THE JV COMPANY
Pursuant to the terms of the Revised Shareholders&rsquo Agreement, WB shall subscribe for
5,526,320 ordinary shares at RM1.00 per share in the share capital of the JV Company
for a total consideration of RM5,526,320 (&ldquo Share Subscription&rdquo ).
Following the Share Subscription, the equity interest of CSREI in the JV Company shall
be diluted from 40% to 19% (&ldquo Dilution&rdquo ) and the resultant shareholding proportion of the
shareholders of the JV Company (&ldquo New JV Partners&rdquo ) are as follows:
BH and WB are private limited companies incorporated in Singapore on 19 June 2017
and in Malaysia on 21 July 2017 respectively and its respective shareholders are third
parties who are unrelated to the Group.
3. SHAREHOLDERS&rsquo LOANS TO THE JV COMPANY
The loans intended to be advanced by each of CSREI, TSP and ZH to the JV Company
pursuant to the Existing Shareholders&rsquo Agreement will no longer be relevant since all
existing rights and obligations will terminate following the Revocation. Instead, under the
Revised Shareholders&rsquo Agreement, the New JV Partners have agreed to extend
shareholders&rsquo loans to the JV Company in accordance with their respective shareholding
proportions as set out in the table above, which are on the same terms and conditions
(the &ldquo Shareholders&rsquo Loans&rdquo ) as compared to the Existing Shareholders&rsquo Agreement.
The amount of Shareholders&rsquo Loan to be advanced by CSREI is RM1.9 million
(approximately S$0.6 million based on the exchange rate of RM1: S$0.325 as the date of
this announcement), which represents 0.4% of the Group&rsquo s audited net tangible assets as
at 31 March 2017.
4. RATIONALE OF THE REVISED SHAREHOLDERS&rsquo AGREEMENT
WB is a wholly-owned subsidiary of WB Land Sdn Bhd (&ldquo WB Land&rdquo ), a property
developer in Malaysia with an experienced property development team and a proven
track record.
The Board believes that the entry into of the Revised Shareholders&rsquo Agreement resulting
in the introduction of WB as a New JV Partner is beneficial to the Joint Venture as:
(a) the Joint Venture will be able to leverage on the expertise and network of WB Land
in the property development industry
(b) the Company is able to spread its investment risk in the JV Company with the
introduction of an additional shareholder and
(c) by providing the Shareholders&rsquo Loans to the JV Company, the New JV Partners will
be able to provide the JV Company with capital to fund the Joint Venture.
5. NON-DISCLOSEABLE TRANSACTION UNDER CHAPTER 10 OF THE LISTING
MANUAL
Notwithstanding that the Dilution is considered as a disposal of the Company&rsquo s interest in
the JV Company pursuant to Rule 1007 of the Listing Manual (&ldquo Listing Manual&rdquo ) of the
Singapore Exchange Securities Trading Limited, none of the relative figures computed
on the applicable bases set out in Rule 1006 of the Listing Manual exceeds 5% and in
this regard, the Dilution does not constitute a &ldquo discloseable transaction&rdquo within the
meaning of Chapter 10 of the Listing Manual.
The Dilution is not expected to have any material impact on the consolidated net tangible
assets or earnings per shares of the Company for the financial year ending 31 March
2018.
6. CHANGE IN NAME OF THE JV COMPANY
Subject to the approval of the relevant authorities, the JV Company shall change its
name to &ldquo WB Top3 Development Sdn Bhd&rdquo .
7. INTERESTED PERSON TRANSACTIONS
As previously announced, each of Triplestar and TSP are considered &ldquo interested
persons&rdquo for the purposes of Chapter 9 of the Listing Manual. Please refer to the
Announcement on 20 May 2016 for further details.
Accordingly, the entry into of the Revised Shareholders&rsquo Agreement, and the provision of
its Shareholders&rsquo Loan, by CSREI to the JV Company are interested person transactions.
The interested persons do not have any existing equity interest in the JV Company prior
to the participation of CSREI, being the entity-at-risk, in the JV Company on 20 May
2016.
8. CURRENT TOTAL VALUE OF THE INTERESTED PERSON TRANSACTIONS
Other than transactions of less than S$100,000, the current total of all interested person
transactions entered into with Ng San Tiong Roland, a controlling shareholder, and his
associates (including TSP) for the financial year ending 31 March 2018 (&ldquo FY2018&rdquo ), as at
the date of this announcement, is approximately S$2.1 million, representing less than 3%
of the Group&rsquo s audited net tangible assets as at 31 March 2017.
Save as disclosed, the Company has not entered into any transaction with any interested
persons for and has not obtained any shareholders&rsquo mandate for any transactions with
interested persons for FY2018.
9. STATEMENT OF AUDIT COMMITTEE
The Audit Committee of the Company has reviewed the terms of the Revised
Shareholders&rsquo Agreement and is of the view that:
(a) the entry into of the Revised Shareholders&rsquo Agreement and the provision of its
Shareholders&rsquo Loan by CSREI are not prejudicial to the interests of the Company
and its minority shareholders and
(b) the risks and rewards of the Joint Venture are in proportion to the equity of each
joint venture partner and the terms of the Joint Venture are not prejudicial to the
interests of the Company and its minority shareholders.
10. INTERESTS OF DIRECTORS AND CONTROLLING SHAREHOLDERS
Save as disclosed in this announcement, none of the directors, chief executive officer or
controlling shareholders of the Company, and their respective associates, has any
interest, direct or indirect (other than through their shareholdings in the Company), in the
above transactions.
By Order of the Board
Lee Quang Loong
Company Secretary
14 September 2017
PROPOSED COMMERCIAL DEVELOPMENT
http://infopub.sgx.com/FileOpen/Announcement_Seremban%20JV.ashx?App=Announcement& FileID=470700
1. INTRODUCTION
The Board of Directors (the &ldquo Board&rdquo ) of CSC Holdings Limited (the &ldquo Company&rdquo , together
with its subsidiaries, the &ldquo Group&rdquo ) refers to its announcements issued on 20 May 2016,
23 June 2016, 28 June 2016 and 7 September 2016 (the &ldquo Announcements&rdquo ) regarding
the joint venture in relation to a proposed commercial development in Seremban, Negeri
Sembilan by Top3 Development Sdn Bhd (the &ldquo JV Company&rdquo )(the &ldquo Joint Venture&rdquo ).
As disclosed in the Announcement on 20 May 2016, CS Real Estate Investments Pte Ltd
(&ldquo CSREI&rdquo ) (a wholly-owned subsidiary of the Company), Triplestar Properties Sdn Bhd
(&ldquo TSP&rdquo ) and Zillion Holding Sdn Bhd (&ldquo ZH&rdquo ) had entered into a shareholder&rsquo s agreement
on 20 May 2016 in relation to the Joint Venture (the &ldquo Existing Shareholders&rsquo
Agreement&rdquo ).
Unless otherwise defined herein, capitalised terms used in this announcement shall have
the same meanings ascribed to them in the Announcements.
The Board wishes to announce the following:-
(i) On 14 September 2017, CSREI, TSP and ZH entered into a deed of revocation to
revoke the Existing Shareholders&rsquo Agreement (&ldquo Revocation&rdquo ) and to terminate all
existing rights and obligations amongst CSREI, TSP and ZH.
(ii) Concurrently with the Revocation, ZH has transferred its 20% equity interest in the
JV Company to Bluecrest Holding Pte Ltd (&ldquo BH&rdquo ) (the &ldquo Transfer&rdquo ). Following the
Transfer, ZH has ceased to be a shareholder of the JV Company.
(iii) Further, CSREI has entered into a new shareholders&rsquo agreement with each of TSP,
BH and WB Land (Ainsdale) Sdn Bhd (&ldquo WB&rdquo ) in relation to the Joint Venture (the
&ldquo Revised Shareholders&rsquo Agreement&rdquo ) on the same day.
2. SHAREHOLDING PROPORTION IN THE JV COMPANY
Pursuant to the terms of the Revised Shareholders&rsquo Agreement, WB shall subscribe for
5,526,320 ordinary shares at RM1.00 per share in the share capital of the JV Company
for a total consideration of RM5,526,320 (&ldquo Share Subscription&rdquo ).
Following the Share Subscription, the equity interest of CSREI in the JV Company shall
be diluted from 40% to 19% (&ldquo Dilution&rdquo ) and the resultant shareholding proportion of the
shareholders of the JV Company (&ldquo New JV Partners&rdquo ) are as follows:
BH and WB are private limited companies incorporated in Singapore on 19 June 2017
and in Malaysia on 21 July 2017 respectively and its respective shareholders are third
parties who are unrelated to the Group.
3. SHAREHOLDERS&rsquo LOANS TO THE JV COMPANY
The loans intended to be advanced by each of CSREI, TSP and ZH to the JV Company
pursuant to the Existing Shareholders&rsquo Agreement will no longer be relevant since all
existing rights and obligations will terminate following the Revocation. Instead, under the
Revised Shareholders&rsquo Agreement, the New JV Partners have agreed to extend
shareholders&rsquo loans to the JV Company in accordance with their respective shareholding
proportions as set out in the table above, which are on the same terms and conditions
(the &ldquo Shareholders&rsquo Loans&rdquo ) as compared to the Existing Shareholders&rsquo Agreement.
The amount of Shareholders&rsquo Loan to be advanced by CSREI is RM1.9 million
(approximately S$0.6 million based on the exchange rate of RM1: S$0.325 as the date of
this announcement), which represents 0.4% of the Group&rsquo s audited net tangible assets as
at 31 March 2017.
4. RATIONALE OF THE REVISED SHAREHOLDERS&rsquo AGREEMENT
WB is a wholly-owned subsidiary of WB Land Sdn Bhd (&ldquo WB Land&rdquo ), a property
developer in Malaysia with an experienced property development team and a proven
track record.
The Board believes that the entry into of the Revised Shareholders&rsquo Agreement resulting
in the introduction of WB as a New JV Partner is beneficial to the Joint Venture as:
(a) the Joint Venture will be able to leverage on the expertise and network of WB Land
in the property development industry
(b) the Company is able to spread its investment risk in the JV Company with the
introduction of an additional shareholder and
(c) by providing the Shareholders&rsquo Loans to the JV Company, the New JV Partners will
be able to provide the JV Company with capital to fund the Joint Venture.
5. NON-DISCLOSEABLE TRANSACTION UNDER CHAPTER 10 OF THE LISTING
MANUAL
Notwithstanding that the Dilution is considered as a disposal of the Company&rsquo s interest in
the JV Company pursuant to Rule 1007 of the Listing Manual (&ldquo Listing Manual&rdquo ) of the
Singapore Exchange Securities Trading Limited, none of the relative figures computed
on the applicable bases set out in Rule 1006 of the Listing Manual exceeds 5% and in
this regard, the Dilution does not constitute a &ldquo discloseable transaction&rdquo within the
meaning of Chapter 10 of the Listing Manual.
The Dilution is not expected to have any material impact on the consolidated net tangible
assets or earnings per shares of the Company for the financial year ending 31 March
2018.
6. CHANGE IN NAME OF THE JV COMPANY
Subject to the approval of the relevant authorities, the JV Company shall change its
name to &ldquo WB Top3 Development Sdn Bhd&rdquo .
7. INTERESTED PERSON TRANSACTIONS
As previously announced, each of Triplestar and TSP are considered &ldquo interested
persons&rdquo for the purposes of Chapter 9 of the Listing Manual. Please refer to the
Announcement on 20 May 2016 for further details.
Accordingly, the entry into of the Revised Shareholders&rsquo Agreement, and the provision of
its Shareholders&rsquo Loan, by CSREI to the JV Company are interested person transactions.
The interested persons do not have any existing equity interest in the JV Company prior
to the participation of CSREI, being the entity-at-risk, in the JV Company on 20 May
2016.
8. CURRENT TOTAL VALUE OF THE INTERESTED PERSON TRANSACTIONS
Other than transactions of less than S$100,000, the current total of all interested person
transactions entered into with Ng San Tiong Roland, a controlling shareholder, and his
associates (including TSP) for the financial year ending 31 March 2018 (&ldquo FY2018&rdquo ), as at
the date of this announcement, is approximately S$2.1 million, representing less than 3%
of the Group&rsquo s audited net tangible assets as at 31 March 2017.
Save as disclosed, the Company has not entered into any transaction with any interested
persons for and has not obtained any shareholders&rsquo mandate for any transactions with
interested persons for FY2018.
9. STATEMENT OF AUDIT COMMITTEE
The Audit Committee of the Company has reviewed the terms of the Revised
Shareholders&rsquo Agreement and is of the view that:
(a) the entry into of the Revised Shareholders&rsquo Agreement and the provision of its
Shareholders&rsquo Loan by CSREI are not prejudicial to the interests of the Company
and its minority shareholders and
(b) the risks and rewards of the Joint Venture are in proportion to the equity of each
joint venture partner and the terms of the Joint Venture are not prejudicial to the
interests of the Company and its minority shareholders.
10. INTERESTS OF DIRECTORS AND CONTROLLING SHAREHOLDERS
Save as disclosed in this announcement, none of the directors, chief executive officer or
controlling shareholders of the Company, and their respective associates, has any
interest, direct or indirect (other than through their shareholdings in the Company), in the
above transactions.
By Order of the Board
Lee Quang Loong
Company Secretary
14 September 2017
3cents got 4-5m waiting dump...BBs accumulating still
Just like a volcano, waiting to erupt, then cool off again, became dormant. After a while, smoke start appearing again.....
Not bad, not bad...strong closing.
But do remember CSC is known for retracing quickly. So, Monday have to watch it if you want your profit intact.
But do remember CSC is known for retracing quickly. So, Monday have to watch it if you want your profit intact.
johnng ( Date: 04-Aug-2017 16:22) Posted:
|
Why Why Why????
johnng ( Date: 04-Aug-2017 17:03) Posted:
|
SUDDEN SHOT UP CSC...nICE next week AIM ABOVE 30
go go go CSC dont stop
VERY CHEAP compare to YONGNAM
Steady.....steady.......coooool down..
up 0.002 only, still a Long way to go.
up 0.002 only, still a Long way to go.
johnng ( Date: 04-Aug-2017 15:24) Posted:
|
CHIONG ARH!!!