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401-420 of 2455
Of course, small outlay aiming for big returns. If it goes to 2 cents, you get 100% profit.
Composure ( Date: 03-Nov-2015 19:31) Posted:
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holding 100 lots x 0.010
i like penny stocks :)
woodwoodwood ( Date: 03-Nov-2015 18:31) Posted:
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Who is still holding? ><
bishalnb ( Date: 03-Nov-2015 15:25) Posted:
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this thread is very quiet now..
this new
Indonesia' s Trikomsel Oke Bracing for Default on Singapore&rsquo s Bond Market
27 October 2015 |
Indonesia-based mobile phone retailer Trikomsel Oke informed its bondholders that it is bound to fail meeting interest payment obligations on two Singapore dollar-denominated bonds due in November and December 2015. The company, which been experiencing financial turmoil due to the depreciating rupiah, will submit debt restructuring proposals to its creditors in November. The looming default will be the first default in Singapore&rsquo s local currency corporate bond market since Celestial Nutrifoods Ltd and Sino-Environment Technology Group Ltd defaulted in 2009.
Trikomsel Oke' s looming default will also weaken investors' confidence in debt paper issued by other Indonesian companies. Earlier in October, American financial services company Standard & Poor' s warned that Indonesian companies' defaults are a serious threat over the next 18 months given their eroded balance sheets amid the country' s economic slowdown and weak rupiah. Meanwhile, Indonesian credit rating agency Pemeringkat Efek Indonesia (Pefindo) cut Trikomsel Oke' s corporate rating to ' BB+' (credit-watch with negative implication) from ' BBB' (stable outlook).
bishalnb ( Date: 27-Oct-2015 12:51) Posted:
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SoftBank has 19.9% stake in Trikomsel, Polaris has 44.88%
http://infopub.sgx.com/FileOpen/Announcement%20Trikomsel%20Pte%20Ltd.ashx?App=Announcement& FileID=374843
wxp8838 ( Date: 23-Oct-2015 15:29) Posted:
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They say nothing but shit .damn drops again
POLARIS LTD.
(Company Registration No.: 198404341D)
(Incorporated in the Republic of Singapore)
ANNOUNCEMENT BY INDONESIAN LISTED ASSOCIATED COMPANY
The Board of Directors (the &ldquo Board&rdquo ) of Polaris Ltd. (the &ldquo Company&rdquo ) refers to its holding
announcement made on 13 October 2015 and clarification announcement made on 23 October 2015
and wishes to inform shareholders that its associated company, PT Trikomsel Oke Tbk. (&ldquo Trikomsel&rdquo )
has today filed to the Singapore Stock Exchange informing that it has hosted informal noteholders call
to discuss liquidity position, possible restructuring and intention to form informal noteholder steering
committee. Attached is a copy of the announcement posted on the SGXnet.
The Company will keep its shareholders updated of any further material developments regarding the
above subject matter and further announcements will be issued by the Company as soon as the
Company is able to provide an assessment of the financial impact of Trikomsel&rsquo debt restructuring on the
Group.
In the meantime, shareholders of the Company are advised to refrain from taking any action in
respect of their shares in the Company which may be prejudicial to their interests, and to exercise
caution when dealing in the shares of the Company. In the event of any doubt, shareholders of
the Company should consult their stockbrokers, bank managers, solicitors, accountants or other
professional advisers.
By Order of the Board
Ang Chuan Hui, Peter
Executive Director & CEO
Date: 26 October 2015
This announcement has been prepared by the Company and its contents have been reviewed by the Company&rsquo s
Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The
Company&rsquo s Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no
responsibility for the contents of this announcement, including the correctness of any of the statements or
opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Yap Wai Ming:
Tel: 6389 3000
Email: [email protected]
can not open your link
so far no news from sgx ,upset.
bishalnb ( Date: 26-Oct-2015 16:13) Posted:
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General Announcement::Informal Noteholders Call - TRIKOMSEL PTE. LTD.
wxp8838 ( Date: 26-Oct-2015 10:19) Posted:
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POLARIS LTD.
(Company Registration No.: 198404341D)
(Incorporated in the Republic of Singapore)
CLARIFICATION ANNOUNCEMENT
The Board of Directors (the " Board" ) of Polaris Ltd (the " Company" ) wishes to clarify the news article
entitled " Corporate bond market here may face headwinds" published by the Straits Times on 17
October 2015 in relation to the Company&rsquo s 44.88%-owned Indonesian associated company, PT
Trikomsel Oke Tbk. (" Trikomsel" ).
An extract of the news article is as follows:-
" On Thursday, PT Trikomsel Oke said that it will form a steering committee to discuss possible
restructuring options with noteholders. The firm, which had two debentures denominated in the
Singapore dollar among 6.2 trillion rupiah (S$634 million) of bonds and loans outstanding on June 30,
cited weaker market sentiment and a falling rupiah as factors for its woes, reported Bloomberg. " While
the group has substantially met its obligations as they fall due to date, it is becoming apparent that it
may not be possible to do so indefinitely," Trikomsel said in a filing on the Singapore Exchange. If the
company does end up restructuring its debt, it will be the first case of default in Singapore since the
financial crisis, noted S& P."
In connection with the above, the Company also refers to its announcement made on 13 October
2015 relating to the appointment of FTI Consulting (" FTI" ) by Trikomsel as Trikomsel&rsquo s professional
adviser for a debt restructuring plan.
The Company has on 23 October 2015 been notified by Trikomsel that it has posted on the SGXNet
related announcements on 14 October 2015 and 15 October 2015 in respect of its debt restructuring
plan and notice to Trikomsel&rsquo s noteholders. Please see announcements attached as Appendix 1 and
Appendix 2 respectively for shareholders&rsquo reference.
The Company understands from Trikomsel that discussions on the debt restructuring plan between
Trikomsel, FTI and its noteholders are still ongoing. Various restructuring options are still being
reviewed by Trikomsel together with FTI and no decision has been made at this
stage.
Based on preliminary information, the full extent of the financial impact on the Company as a result of
the debt restructuring by Trikomsel can only be ascertained after more detailed information has been
obtained from Trikomsel. The Company will continue to update the shareholders on any actual or
potential impact on the Company&rsquo s business performance as soon as possible.
In the meantime, shareholders of the Company are advised to refrain from taking any action in
respect of their shares in the Company which may be prejudicial to their interests, and to
exercise caution when dealing in the shares of the Company. In the event of any doubt,
shareholders of the Company should consult their stockbrokers, bank managers, solicitors,
accountants or other professional advisers.
By Order of the Board
Ang Chuan Hui, Peter
Executive Director & CEO
Date: 23 October 2015
This announcement has been prepared by the Company and its contents have been reviewed by the Company&rsquo s
Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The
Company&rsquo s Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no
responsibility for the contents of this announcement, including the correctness of any of the statements or
opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Yap Wai Ming:
Tel: 6389 3000
Email: [email protected]
None of thoes company such as polaris softbank or singpost update any news ,seems like it' s not a big deal for them .
on Monday ,this shit will suddenly dead or fly ,only god knows !
damn will this go default?
Relationship matters. Trikomsel and Polaris, who is father and who is son? Does father pays for a son' s debt, or vice versa? Anyone with a good understanding of these relationship, pls advise, hahaha.
striker09 ( Date: 23-Oct-2015 10:25) Posted:
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www.dealstreetasia.com...fri 23/10/2015 : S & P warns of defaults after indo telecoms firm Trikomsel seeks debt restructuring.
Just for info ..not vested.
need a push to clear 14, ... anyone
Demostation ( Date: 21-Oct-2015 16:43) Posted:
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As yesterday and today seem to be supported at 14, it means that the hoohaas are just noises.
14 could be the base, and maybe might look at entering tomorrow. Lo.
woodwoodwood ( Date: 21-Oct-2015 16:33) Posted:
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YAWNS.... head as long as giraffe already... Please dont be like MDR, diao there for centuries already still the same -.-
bishalnb ( Date: 21-Oct-2015 16:11) Posted:
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looks like this news has been digested.. what next
isaacsgx ( Date: 20-Oct-2015 19:53) Posted:
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Aiyah, all these noteholders just want the trikomsel shares, since singpost and softbank is in alrdy. Trikomsel wont fail lah!
Stupid ck just want accumulate cheap stocks and sell high. I will not be surprised trikomsel will issue shares for noteholders at below 1c! Basturd!
Stupid ck just want accumulate cheap stocks and sell high. I will not be surprised trikomsel will issue shares for noteholders at below 1c! Basturd!
Fully Agreed!! There are so many options, why use debt restructuring.
I think Polaris will chiong next week once this issue is settled.
wxp8838 ( Date: 20-Oct-2015 18:53) Posted:
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