Look like a good news.
But, dont know the price can up to 8cent and above by Monday.
Cheer.....
Joelton ( Date: 20-Nov-2021 11:38) Posted:
GSS Energy unit to buy Thai electric motorcycles firm for S$7.53m
A SUBSIDIARY of precision-engineering firm GSS Energy is planning to buy over a Thai electric motorcycles maker for slightly close to S$7.53 million, the Catalist-listed company said on Friday (Nov 19).
GSS Energy' s wholly-owned subsidiary Giken Mobility has entered into a conditional sale and purchase agreement to own 100 per cent of Edison Motors, according to an exchange filing.
This means Edison Motors will become an indirect wholly-owned subsidiary of GSS Energy when the transaction is completed.
GSS Energy said it has also entered into an agreement with Noside, with Noside subscribing for 40.5 million new warrants exercisable into 40.5 million new ordinary shares in the capital of GSS Energy at an exercise price of S$0.07054 for each warrant.
The acquisition will be paid in a combination of shares and cash to the tune of S$4 million, GSS Energy said.
The remaining S$3.53 million will be satisfied by the issue and allotment of 50 million new shares in the capital of the company at an issue price of S$0.07054 per share to Noside Holding.
Noside, which was incorporated in mid-July, is an investment holding company whose 4 directors include the 2 directors of Edison Motors and the guarantor for this deal, who was also a shareholder of Edison Motors.
The issue price of represents a 9.8 per cent discount to the volume weighted average price of S$0.0782 for shares traded on the Catalist board on Nov 17, the last trading day prior to the signing of the conditional sale and purchase agreement, GSS Energy noted.
The company said it intends to fund the cash portion using its internal resources, of which S$3.5 million will be funded from the net proceeds of over S$4.83 million received from its previous placement.
In August, the company had said 80 per cent of the net proceeds from its previous placement would be used to finance its expansion into the e-mobility business and to design and develop electric 2-wheelers and other related technology.
Edison Motors, incorporated in Thailand in Oct 2017, has been providing design, technical and engineering services to Giken Mobility since June 2019 to design and develop electric motor vehicles using its proprietary patented technologies, including the body, battery pack and motor technology, GSS Energy said.
After the acquisition, the group will possess the patents, design, research and development capabilities and technical support to manufacture electric scooters with initial distribution in Thailand as well as potential markets in the Asia-Pacific region, the company said.
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GSS Energy unit to buy Thai electric motorcycles firm for S$7.53m
A SUBSIDIARY of precision-engineering firm GSS Energy is planning to buy over a Thai electric motorcycles maker for slightly close to S$7.53 million, the Catalist-listed company said on Friday (Nov 19).
GSS Energy' s wholly-owned subsidiary Giken Mobility has entered into a conditional sale and purchase agreement to own 100 per cent of Edison Motors, according to an exchange filing.
This means Edison Motors will become an indirect wholly-owned subsidiary of GSS Energy when the transaction is completed.
GSS Energy said it has also entered into an agreement with Noside, with Noside subscribing for 40.5 million new warrants exercisable into 40.5 million new ordinary shares in the capital of GSS Energy at an exercise price of S$0.07054 for each warrant.
The acquisition will be paid in a combination of shares and cash to the tune of S$4 million, GSS Energy said.
The remaining S$3.53 million will be satisfied by the issue and allotment of 50 million new shares in the capital of the company at an issue price of S$0.07054 per share to Noside Holding.
Noside, which was incorporated in mid-July, is an investment holding company whose 4 directors include the 2 directors of Edison Motors and the guarantor for this deal, who was also a shareholder of Edison Motors.
The issue price of represents a 9.8 per cent discount to the volume weighted average price of S$0.0782 for shares traded on the Catalist board on Nov 17, the last trading day prior to the signing of the conditional sale and purchase agreement, GSS Energy noted.
The company said it intends to fund the cash portion using its internal resources, of which S$3.5 million will be funded from the net proceeds of over S$4.83 million received from its previous placement.
In August, the company had said 80 per cent of the net proceeds from its previous placement would be used to finance its expansion into the e-mobility business and to design and develop electric 2-wheelers and other related technology.
Edison Motors, incorporated in Thailand in Oct 2017, has been providing design, technical and engineering services to Giken Mobility since June 2019 to design and develop electric motor vehicles using its proprietary patented technologies, including the body, battery pack and motor technology, GSS Energy said.
After the acquisition, the group will possess the patents, design, research and development capabilities and technical support to manufacture electric scooters with initial distribution in Thailand as well as potential markets in the Asia-Pacific region, the company said.
(A) PROPOSED ACQUISITION OF 100% OF THE SHARE CAPITAL OF EDISON MOTORS CO.,
LTD
(B) PROPOSED PLACEMENT OF AN AGGREGATE OF 40,500,000 NEW WARRANTS
EXERCISABLE INTO 40,500,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE
COMPANY AT AN EXERCISE PRICE OF S$0.07054 FOR EACH NEW WARRANT...https://links.sgx.com/1.0.0/corporate-announcements/B3AAZMT1H2HLNCYX/691532_SGX-GSSEL-ANNOUNCEMENT_Proposed_Acquisition_of_Edison_Motor_and_Placement_of_New_Warrants.pdf
Anticipating fireworks in coming days. Have you bought your tickets for the fireworks. And make sure you do a rousing applause at the end of the show.
hope can breakout.. laggard play also Mermaid, Dyna Mac...HUAT!!
muifan ( Date: 27-Sep-2021 09:25) Posted:
about time to do catch up with rex...
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fake block at 7.5...see if bb will remove :)
PQTPQK ( Date: 27-Sep-2021 09:49) Posted:
0.074.... now
muifan ( Date: 27-Sep-2021 09:25) Posted:
about time to do catch up with rex...
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Oil price highest in 3 years now.. Ride on the UP wave...:)
PQTPQK ( Date: 27-Sep-2021 09:49) Posted:
0.074.... now
muifan ( Date: 27-Sep-2021 09:25) Posted:
about time to do catch up with rex...
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about time to do catch up with rex...
Ya.. those who shorted this morn and those at 73/74 now watching and worrying if going to be makan up and have to cover back fast.. This BB has shorted at the height all the way down and have makan enough.. Time to reverse lah.. :):)
PQTPQK ( Date: 23-Sep-2021 11:43) Posted:
0.073 seem clearing anytime....
trader1970 ( Date: 23-Sep-2021 11:34) Posted:
| should attempt to touch 77/78... good enuf.. not too greedy.. This kind of pandemic market.., let others make if go higher,, :):) lol.. |
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0.073 seem clearing anytime....
trader1970 ( Date: 23-Sep-2021 11:34) Posted:
should attempt to touch 77/78... good enuf.. not too greedy.. This kind of pandemic market.., let others make if go higher,, :):) lol...
PQTPQK ( Date: 23-Sep-2021 11:33) Posted:
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should attempt to touch 77/78... good enuf.. not too greedy.. This kind of pandemic market.., let others make if go higher,, :):) lol...
PQTPQK ( Date: 23-Sep-2021 11:33) Posted:
cheong !!!???
trader1970 ( Date: 23-Sep-2021 11:28) Posted:
| Oversold.. time to move up soon, latest tmr.. :):) accumulate now for good quick gains.. a laggard to catch up with the rest soon lol... |
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Oversold.. time to move up soon, latest tmr.. :):) accumulate now for good quick gains.. a laggard to catch up with the rest soon lol....
easywin ( Date: 22-Sep-2021 13:42) Posted:
| This counter hardly can play as went up usually a day only |
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