Abundance Intl    Last:0.028   -

Abundance int

Not necessarily that way, they might both be in the chemical industry but I don't think it's the same chemicals

papayaface      ( Date: 02-Sep-2020 06:43) Posted: Anyway price already ran above Juitian yesterday and Jiutian made a lot more net profit of RMB34 million at half year, so it now makes Jiutian unpriced and Abundance overpriced ??  Good luck      twentycents      ( Date: 02-Sep-2020 06:39) Posted: It should be paper related chemicals ... I think

 

Anyway price already ran above Juitian yesterday and Jiutian made a lot more net profit of RMB34 million at half year, so it now makes Jiutian unpriced and Abundance overpriced ??  Good luck     

twentycents      ( Date: 02-Sep-2020 06:39) Posted: It should be paper related chemicals ... I think papayaface      ( Date: 02-Sep-2020 06:32) Posted: What type of chemicals? Is it going to be like another Jiutian ?  Good luc

 

It should be paper related chemicals ... I think

papayaface      ( Date: 02-Sep-2020 06:32) Posted: What type of chemicals? Is it going to be like another Jiutian ?  Good luck black_white      ( Date: 02-Sep-2020 00:28) Posted: --- Post Removed by User ---

 

A discount of 20% to the mother share perhaps would be more sweet as there will be existing shareholders who may want to arbitrage by selling off their mother shares and buying the warrants for conversion in January 2021.
At 20% discount to the mother share of $0.054, the warrant should be trading at   $0.0232 vis a vis its last done price of $0.011 a potential 100% upside. 
 

MBULLISH      ( Date: 01-Sep-2020 20:27) Posted: But these people who bought the Europeans style warrant they cannot exercise till last day Although I don?t know why the difference is so much SmallSmall      ( Date: 01-Sep-2020 20:07) Posted: Exercise price $0.02. Last done $0.011. Trading at a whopping 40% discount to the mother share of $0.053. European style warrant. If one can borrow the mother shares for 5 months to arbitrage the price differentials the profit is massive at $0.048 per Warrant.

 

What type of chemicals? Is it going to be like another Jiutian ?  Good luck

black_white      ( Date: 02-Sep-2020 00:28) Posted: --- Post Removed by User ---

 

Nvm morning uppppp all the way

 

hmm... got revenue but still ends in a net loss leh... 
:(

black_white      ( Date: 01-Sep-2020 21:31) Posted: --- Post Removed by User ---

 

The executive chairman of Abundance is Shi Jiangang , who controls Jiangsu Feixiang Chemical Group which owns a number of chemical manufacturing plants, including one of the largest ethanol-producing plants in China and in the world.

Page 9 of a Craft Print circular in 2014 said that Mr Shi built up another company by the name of Feixiang Chemicals (Zhangjiagang) Co. Ltd, a leading manufacturer of amines and surfactants, and sold it to Rhodia in or around 2010 at an imputed enterprise value of US$489 million.

Mr Shi also incubated other chemical businesses that became sizeable. For example, polyamide producer Hipro Polymers and sebacic acid leader Casda Biomaterials grew rapidly. In or around 2011, both companies were sold to Arkema at an imputed enterprise value of US$365 million.

 

Yes the revenue is huge and you should go google this China man boss
They both good friends
This China man boss tycoon
He alrd acquired 75 pct of company
Not many shares left
Tomorrow will run like crazy
I am happy with 8 and above

black_white      ( Date: 01-Sep-2020 21:30) Posted: --- Post Removed by User ---

 

Ok, by what time you recon it will disappear

fighting      ( Date: 01-Sep-2020 22:03) Posted: Tomorrow gap up sell, after tomorrow volume will disappear.

 

Tomorrow gap up sell, after tomorrow volume will disappear.

 

Alright. At least it has a decent chemical business with revenue of few hundred millions.

Positive.
Finger Cross. Hope it will Aspen type up to 30c

 

Ohh... no wonder , but still depends on tomorrow if the BB want to bring it out anot 

 

Wah their chemical business is profitable.
Latest half yr net profit got 400k. USD.
Full yr should be abt 1mio usd ++ or even more
Can turn around Liao.
No wonder fly so much.

 

Ohh .... But to 1 ... Stull a very very long way

 

Now we know why .
Controlled almost all shares at $0.05
Placement all good friends $0.07
Waited 4 years
Now is payback time.
I have seen this kind in singMyanmar.
The boss did the same thing offered already and maintained listing then BBs pushes up for him until 75 cent if I am not wrong but he keep doing placements for his Myanmar business until Myanmar business not doing well he himself and the placees all died.
But this is not the case with Abundance
I can only say his friends placed 0.07.
They may push past 10 Or double or triple for all of them to realise values

 

Abundance: Placement Of 57.2 Million Shares At S$0.07 Each, Acquisition Of Remaining 49% Stake In Orient-Salt Chemicals For S$5.88 Million & Renounceable Non-Underwritten 1 For 1 0% Bonds Due 2020 + 1 Free Warrant Rights Issue At S$0.016 Each.

ShareInvestor Express

17 Jun 2016 | 22:02

 

That is if they manage to cover by today la ... else tomorrow would have to cover back 

MBULLISH      ( Date: 01-Sep-2020 20:29) Posted: Why tomorrow they blue black ? They have to cover by today Isn?t it shadow11      ( Date: 01-Sep-2020 19:42) Posted: Today short sell volume 1.4mio At average price 49. Tomolo they blue black Liao. Huat a

 

Abundance: Close Of Offer With 73.47% Stake.

ShareInvestor Express

9 May 2016 | 10:24
At 5.30 p.m. (Singapore time) on 6 May 2016, the total number of Shares owned, controlled or agreed to be acquired by the Offeror and the parties acting in concert with the Offeror and valid acceptances of the Offer, amount to an aggregate of 343,816,806 Shares, representing approximately 73.47% of the total number of issued Shares...

 

Abundance: Mandatory Unconditional Cash Offer At S$0.05 Per Offer Share.

ShareInvestor Express

24 Mar 2016 | 17:26
Shi Jiangang intends to make a mandatory unconditional cash offer for all the ordinary shares in the issued and paid-up capital of Abundance International Limited, other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with him at S$0.05 per Offer Share...