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Is anyone knw the reason or wat is the explanation of FACL to MAS for the sudden increase in number of shares? And why the shareholder wanna remove Gary Loh frm board and withdrawn aftertat...FACL bought 60 millions share at avg 0.108 sold at some at 0.05..really alot question mark for investor like me..wat is the plot behind all these action? Is the price action recently suggesting someting is brewing behind? Or just simply BB pump and dump?
Bbs pump and dump...
tried to buy online today at 64 but rejected by system.
huh!
For a decade and many years, loyal shareholders have shed tear drops that added together could fill up the Kranji reservoir, when it came down from the many many 10 cents and then squeezed 100 times before today' s surge when buyers see the company is getting better and better.
So don' t be surprise at the rate this one can go up...
Can t believe my eyes... up 30% now? Wow....takeover target?
Firm requests suspension as key shareholder addresses MAS queries over share transactions
http://www.straitstimes.com/business/companies-markets/sunmoon-trading-suspended
SUNMOON Food Company is looking to expand into the fruit-selling business in China. It has proposed to acquire a 51 per cent stake in Harvest Season Singapore, having entered into a conditional sale and purchase agreement to acquire 510,000 ordinary shares of the latter.
This will be paid for through an allotment and issuance of 60 million new ordinary shares in the capital of SunMoon to vendor Fresh Fresh this constitutes approximately 18.82 per cent of SunMoon' s current issued share capital.
At 5.18 Singapore cents per SunMoon share, the purchase consideration works out to about S$3.11 million.
The conditional sale and purchase agreement - entered into on Wednesday - is with Fresh Fresh and vendor warrantors Zhang Jiang Quan and Ong Yaw Teh.
outlook ( Date: 17-Aug-2015 10:12) Posted:
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SunMoon back in the black with $140,000 profit.
outlook ( Date: 29-Jul-2015 16:47) Posted:
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back to 0.052. This one may have some support as the Directors are buying
Demostation ( Date: 29-Jul-2015 11:52) Posted:
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Move up a little already lah.
Next week, I will whack a few hundred lots, but now just waiting for sellers to queue enough for me to buy.. Lol.
outlook ( Date: 29-Jul-2015 09:41) Posted:
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Still waiting for the price to move up.
Demostation ( Date: 19-Jun-2015 10:44) Posted:
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fundamental weak ...
Still moving up.touched 0.052.
outlook ( Date: 24-Jul-2015 15:08) Posted:
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Quietly moving up. Now 0.05. may have some room to go higher
outlook ( Date: 24-Jul-2015 10:32) Posted:
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Quietly moving up. Hit 0.049
outlook ( Date: 22-Jul-2015 11:41) Posted:
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Slowly moving up. Touched 0.048.
outlook ( Date: 21-Jul-2015 14:23) Posted:
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Price has been dropping to a low of 0.04 and slowly rising. Touched 0.045 today. I think can accumulate at current low price with this penny stock rally unless it fizzle out
Demostation ( Date: 19-Jun-2015 10:44) Posted:
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Price of new sunmoon shares have been slashed by 65% since its consolidation when it opened around 15 to 18 cents. Now it is only 5 to 6 cents.
But hopefully this new JV can further improve Sunmoon' s viability to return some investments back to shareholders.
If it looks brighter, then people can consider add more shares as a way to average costs.
UDDWIN...Use due diligience when investing, lol...
There is some movement in SunMoon food Company. Move from 0.05 to touch 0.063 this morning. Now 0.054. Watch this company.
PROPOSED ACQUISITION OF 510,000 ORDINARY SHARES REPRESENTING 51% OF THE TOTAL ISSUED SHARE CAPITAL OF HARVEST SEASON SINGAPORE PTE. LTD.
Where capitalised terms are used in this announcement and not otherwise defined, such capitalised terms shall bear the same meanings as ascribed to them in the Term Sheet Announcement (as defined below).
1. INTRODUCTION
1.1 The board of directors (the &ldquo Board&rdquo ) of SunMoon Food Company Limited (the &ldquo Company&rdquo ) refers to the Company&rsquo s announcement dated 27 April 2015 (the &ldquo Term Sheet Announcement&rdquo ).
1.2 Further to the Term Sheet Announcement, the Board wishes to announce that the Company has on 17 June 2015 entered into the following agreements:-
(a) a conditional sale and purchase agreement (&ldquo SPA&rdquo ) with Fresh Fresh Pte. Ltd. (a company incorporated in Singapore) (the &ldquo Vendor&rdquo ), Mr. Zhang Jiang Quan (&ldquo Mr. Zhang&rdquo ), and Mr. Ong Yaw Teh (&ldquo Patrick&rdquo ) (Mr. Zhang and Patrick are collectively known as the &ldquo Vendor Warrantors&rdquo ) in relation to the acquisition of 510,000 ordinary shares in the share capital of Harvest Season Singapore Pte. Ltd. (&ldquo Harvest Season SG&rdquo ) (the &ldquo Sale Shares&rdquo ) from the Vendor (the &ldquo Proposed Acquisition&rdquo ). The Sale Shares represent 51% of the issued and paid-up share capital of Harvest Season SG, and are legally and beneficially owned by the Vendor as at the date of the SPA and
(b) a joint venture agreement (&ldquo JVA&rdquo ) with the Vendor, Vendor Warrantors and Harvest Season SG governing the obligations of the Company, the Vendor, Mr. Zhang and Patrick in relation to the Proposed Joint Venture (as defined in paragraph 2 below).
1.3 The Proposed Acquisition shall be conditional upon the satisfaction of the conditions precedent set out in the SPA. Completion of the Proposed Acquisition (&ldquo Completion&rdquo ) shall take place on the completion date (&ldquo Completion Date&rdquo ), defined as the date falling three (3) business days after the fulfilment of the last of the outstanding conditions precedent or such other date as the parties to the SPA may agree
Many penny stocks have moved up. Still waiting for this one to move upwards