Post Reply
281-300 of 487
Union Gas unit subscribes for convertible bonds in data handling services provider
UNION Gas Holdings announced on Thursday that its wholly-owned subsidiary U-Global has entered into a bond subscription agreement with secure data handling services provider Adera AI for an aggregate principal amount of S$1 million of convertible bonds.
Union Gas said in its bourse filing that the bond subscription represents an investment in a growing sector with potential for positive upside for the group. This comes as the firm is involved in providing electronic solutions through the use of e-invoicing and other related services.
Adera AI provides secure data handling services to clients in Singapore, Hong Kong and Macau. It offers end-to-end solutions for the transformation of physical documents to secured data using intelligent data capture, recognition scanning, additional validation technologies and archival services.
Under the agreement, Adera AI will redeem bonds at their principal amount, which would give the Union Gas an internal rate of return of 10 per cent per annum on the principal amount, calculated from the closing date of the subscription agreement to the date falling one year from the closing date.
If Adera AI were to list on a stock exchange prior to the maturity date, the bonds shall be converted into shares at a 20 per cent discount to the public offering price .
The consideration for the proposed subscription of S$1 million was arrived at on a willing-buyer willing-seller basis, taking into consideration various factors including the estimated market value of net assets owned by the issuer and the potential returns on the bonds. The book value of the bonds is S$1 million, which will be satisfied in cash.
The subscription is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the group for the financial year ended Dec 31, 2020.
https://www.theedgesingapore.com/news/company-news/union-gas-adds-piped-and-liquefied-natural-gas-its-product-line-secures-contracts
Good to buy and keep? Any suggestion?
I believe this stock can still go a lot higher. Just buy and sit and you will be rewarded hansomely
SmallSmall ( Date: 21-Oct-2020 11:52) Posted:
|
High goes higher.......
This stock is good for shorting. That means, don' t buy... ... unless you want to get whacked pretty bad at some point.
mattohoh ( Date: 09-Oct-2020 14:52) Posted:
|
Last:0.43 --
50% gain, pretty nice returns
great stock in the spotlight as highlighted earlier
gd luck dyodd
50% gain, pretty nice returns
great stock in the spotlight as highlighted earlier
gd luck dyodd
ozone2002 ( Date: 22-Jul-2020 14:55) Posted:
|
I bot 455 but the seller non stop TOP up
mattohoh ( Date: 09-Oct-2020 14:52) Posted:
|
I also never notice. Should?ve buy in but it?s ok now too high to enter alr
Piston88 ( Date: 09-Oct-2020 14:46) Posted:
|
This morning thank you got mentioned but I never listen
mattohoh ( Date: 09-Oct-2020 14:44) Posted:
|
Still can enter?
Coming
ThankYou ( Date: 09-Oct-2020 10:41) Posted:
|
If $0.45 clears again, it would trend to $0.50 easily
ThankYou ( Date: 09-Oct-2020 09:13) Posted:
|
Yes, I buy at current record high, hope to sell at a new record high!
Got buy got hope, no buy no hope!!
I bought some at 45 cents just now. Small volume, I like.
SmallSmall ( Date: 09-Oct-2020 09:05) Posted:
|
Historical high? High goes higher because it is uncharted
this union gas is under-appreciated.. it has been trading below 10 p/e for all the while, and with the huge cash, 0 debt and high dividend, it should command higher price.. however cos ppl deem LPG cylinder gas as sunset business, not much investor interest in it.. didnt jeep at 20cents, and miss the boat once again when retrace to 34cents.. too greedy to hope that it will fall lol
Huat already..vested for a long time..finally breakout
someone insider buying this...look like something brewing...