Fu Yu    Last:0.105   -

Cash Rich Lucky Stock - Fu YU

Correct me if i am wrong, but might follow grand venture&rsquo s pattern.
who knows even though it was sold below market share price

bicboi      ( Date: 18-Jan-2021 21:14) Posted: Nothing to chase i guess, sale of shares at a cut price. Only if the acquisition is at a higher price the share price will rise to the price that it was sold to pilgrim for.

 

Nothing to chase i guess, sale of shares at a cut price. Only if the acquisition is at a higher price the share price will rise to the price that it was sold to pilgrim for.

 

the fundamental difference between a placement and sales of shares by majority shareholders is the former is share dilutive and the latter dosnt affect the issued share capital.

however, placement to a strong party will result in the rocket of share prices

i dunno the credential of pilgrim , perhaps those in the fund management industry can shed some light on this boutique hedge fund managers.

tcctcc      ( Date: 18-Jan-2021 20:51) Posted: Grand venture recently placed out  71.5 million new shares in the company at S$0.33 apiece to  Novo Tellus PE Fund 2. The issue price of S$0.33 represents about an 18 per cent discount to the volume-weighted average price of S$0.40 per share based on trades done on Jan 11, being the last full market day before the placement agreement was signed. Grand venture traded at $0.525 today.  Let' s hope Fu Yu has similar movement.  bicboi      ( Date: 18-Jan-2021 20:43) Posted: $0.26 per share, did not pay a higher price for it.

 

Nothing to explain. Just some greedy people thot something BIG going to happen... end up just a set up of fund.. share price going back to 26 cents liao

soonsoonhuat      ( Date: 18-Jan-2021 20:43) Posted: now waiting for the response of fu yu to sgx, pertaining to the query.

 

Grand venture recently placed out  71.5 million new shares in the company at S$0.33 apiece to  Novo Tellus PE Fund 2.
The issue price of S$0.33 represents about an 18 per cent discount to the volume-weighted average price of S$0.40 per share based on trades done on Jan 11, being the last full market day before the placement agreement was signed. Grand venture traded at $0.525 today. 

Let' s hope Fu Yu has similar movement. 

bicboi      ( Date: 18-Jan-2021 20:43) Posted: $0.26 per share, did not pay a higher price for it.

 

today' s first tranche of 184M alreay reflected that

hoping for the company to explain why the sale of shares to pilgrim 

 

bicboi      ( Date: 18-Jan-2021 20:43) Posted: $0.26 per share, did not pay a higher price for it.

 

now waiting for the response of fu yu to sgx, pertaining to the query.

 

$0.26 per share, did not pay a higher price for it. 

 

Doesnt seem big news to me? Drop back to 28cents?

 

apparently, today' s transaction is for the first tranche,

think tomorrow there will another tranche.

S$58,342,053 to be paid in two tranches

soonsoonhuat      ( Date: 18-Jan-2021 20:28) Posted: Pilgrim Partners Asia (Pte.) Ltd. (" Pilgrim" ) is a fund manager. It is intended for the 224,392,511 shares in Fu Yu Corporation Limited acquired by Pilgrim to be held by a variable capital company (" VCC" ) to be incorporated and established by Pilgrim as fund manager. It is intended for the VCC to be structured as a closed end fund with Wang Shao Ren (Wang Shaoren) @ Ong Shao Jin as a member holding an 85% shareholding. As mentioned in paragraph 8 of Substantial Shareholder A' s notification, completion under the sale and purchase agreement has not taken place

 

Pilgrim Partners Asia (Pte.) Ltd. (" Pilgrim" ) is a fund manager. It is intended for the 224,392,511 shares in Fu Yu Corporation Limited acquired by Pilgrim to be held by a variable capital company (" VCC" ) to be incorporated and established by Pilgrim as fund manager. It is intended for the VCC to be structured as a closed end fund with Wang Shao Ren (Wang Shaoren) @ Ong Shao Jin as a member holding an 85% shareholding. As mentioned in paragraph 8 of Substantial Shareholder A' s notification, completion under the sale and purchase agreement has not taken place

 

What news??

yamseng      ( Date: 18-Jan-2021 19:12) Posted: BIG news coming

 

all screens are showing trading halt, but the duration of the halt is not shown, so how do u know tmolo is still halt.

the news might come out this evening or tomorrow morning prior to mkt open.

and they stil hv a query by sgx to respond to.

Leon1954      ( Date: 18-Jan-2021 19:13) Posted: My screen tells me there is trading halt for tomorrow. So things may be more complex than changing of shareholders???

 

My screen tells me there is trading halt for tomorrow. So things may be more complex than changing of shareholders???

 

BIG news coming 

 

hopefully sell it to novus tellus fund, den tomorrow super chion le

 

2hrs liao, take so long to come up with announcement. Making people wait for so longgggg

 

Despite covid19 distruptions on operations, the group recorded 36% rise in net profit against a decline in turnover for 9 months to 30 Sept 2020.  NTA is 22 cts. Not bad. Good luck 

soonsoonhuat      ( Date: 18-Jan-2021 17:44) Posted: Net cash company with zero borrowings, cash in hand is 98m sgd. solid company leh

 

Thanks bro. . .

Contratrader      ( Date: 18-Jan-2021 17:40) Posted: Bo bian ...short never cover within same day will face buy in by sgx....then depends on luck that day of buy in .if  lower than the price u short u huat but if higher then lose lo..unless got scrip borrowing facilities. superstartup      ( Date: 18-Jan-2021 17:33) Posted: Am keen to know also . . . Anyone know the answer

 

Net cash company with zero borrowings, cash in hand is 98m sgd.

solid company leh