StarHub    Last:1.01   -

Starhub

Sian, today market rallied but this Starhub not moving....

 

Events Calendar (Starhub)

Date	Type	Remarks
Upcoming Events
19 Apr 2016	EGM	10.30 A.M. AT MEETING ROOM 331, LEVEL 3, SUNTEC SINGAPORE CONVENTION & EXHIBITION CENTRE, 1 RAFFLES BOULEVARD, SUNTEC CITY, SINGAPORE 039593.
19 Apr 2016	AGM	10.00 A.M. AT MEETING ROOM 331, LEVEL 3, SUNTEC SINGAPORE CONVENTION & EXHIBITION CENTRE, 1 RAFFLES BOULEVARD, SUNTEC CITY, SINGAPORE 039593.
21 Apr 2016	Ex-Dividend	DIVIDEND : SGD 0.05 TAX EXEMPT (ONE-TIER) Record Date: 25 Apr 2016 Payable Date: 06 May 2016

Just tikam abit for the dividend @ 3.32

 

interested to find out the role of starhub in mm2 asia in future

ohlele      ( Date: 25-Mar-2016 21:36) Posted: Nope, more like movies/drama/show. Mm2 is the producer for quite a few good local movies like ah boy to men. happyharvest      ( Date: 25-Mar-2016 21:33) Posted: you mean generate revenue from those ads kind of business?

 

Nope, more like movies/drama/show. Mm2 is the producer for quite a few good local movies like ah boy to men.

happyharvest      ( Date: 25-Mar-2016 21:33) Posted: you mean generate revenue from those ads kind of business? ohlele      ( Date: 25-Mar-2016 21:27) Posted: Starhub has been more or less an infrastructure provider (I.e network, teleco and cable tv). Acquiring some stakes at mm2 allows it to step into content ownership and content provider in its pay TV segment. It' s diversifying itself :)

 

you mean generate revenue from those ads kind of business?

ohlele      ( Date: 25-Mar-2016 21:27) Posted: Starhub has been more or less an infrastructure provider (I.e network, teleco and cable tv). Acquiring some stakes at mm2 allows it to step into content ownership and content provider in its pay TV segment. It' s diversifying itself :)   happyharvest      ( Date: 25-Mar-2016 21:08) Posted: how does this share placement helps starhub expand?

 

Starhub has been more or less an infrastructure provider (I.e network, teleco and cable tv). Acquiring some stakes at mm2 allows it to step into content ownership and content provider in its pay TV segment. It' s diversifying itself :)

 

happyharvest      ( Date: 25-Mar-2016 21:08) Posted: how does this share placement helps starhub expand?

 

share supscription in MM2 ASIA LTD

john_ric      ( Date: 25-Mar-2016 21:19) Posted: got share placement?   how much per placement share? happyharvest      ( Date: 25-Mar-2016 21:08) Posted: how does this share placement helps starhub expand?

 

got share placement?

 

how much per placement share?

happyharvest      ( Date: 25-Mar-2016 21:08) Posted: how does this share placement helps starhub expand?

 

how does this share placement helps starhub expand?

 

Yea, exactly what I thought. At least they have the ability to adapt to in coming competition. Hopefully I' m right, I think the current price (4 years low) has already factored in the possible entry of the 4th Telco. It has been almost 1 year since the announcement of possible 4th Telco. 

Goldfinger      ( Date: 23-Mar-2016 09:35) Posted: Well - doing something is better than doing nothing and just waiting and dying right? Hopefully they can reinvent themselves. Anyway tying up with China Mobile is pretty awesome - was shocked that they managed to do that.. Given the scale and size and clout of CM. newbie24      ( Date: 23-Mar-2016 09:27) Posted: Seems like it's trying to desperately diversify to prevent fall when the new telco comes..

 

er - mandate from whom?

nyde1d1th      ( Date: 23-Mar-2016 09:38) Posted: i thought starhub got no mandate to expand one?

 

i thought starhub got no mandate to expand one?

 

Well - doing something is better than doing nothing and just waiting and dying right? Hopefully they can reinvent themselves. Anyway tying up with China Mobile is pretty awesome - was shocked that they managed to do that.. Given the scale and size and clout of CM.

newbie24      ( Date: 23-Mar-2016 09:27) Posted: Seems like it's trying to desperately diversify to prevent fall when the new telco comes..

 

Seems like it's trying to desperately diversify to prevent fall when the new telco comes..

 

Don' t know how the market will react to this news tomorrow. Well, on a bright side at least StarHub is doing things trying to improve revenue, presence and diversifying their business.

1oopls      ( Date: 22-Mar-2016 20:09) Posted: Starhub got MM2 Asia shares @   $0.41. HaHa

 

Starhub got MM2 Asia shares @   $0.41. HaHa

 

corporated in the Republic of Singapore) (Company Registration No. 199802208C) ANNOUNCEMENT THE PROPOSED SUBSCRIPTION OF SHARES IN MM2 ASIA LTD. (" MM2" ) PURSUANT TO A PLACEMENT AGREEMENT TO BE ENTERED INTO BETWEEN STARHUB LTD (THE " COMPANY" ) AND MM2 (THE " PROPOSED INVESTMENT" ) 1. INTRODUCTION The Board of Directors of the Company wishes to announce that the Company had, on 22 March 2016 entered into a placement agreement (the " Placement Agreement" ) with MM2, a Singapore incorporated company listed on the Catalist board of the Singapore Exchange Trading Limited (the " SGX-ST" ). Pursuant to the Placement Agreement, the Company has agreed to subscribe for an aggregate of 44,000,000 new ordinary shares in the capital of MM2 (the " Placement Shares" and each a " Placement Share" ) by way of a private placement pursuant to Section 272B of the Securities and Futures Act, chapter 272 of Singapore. The relative figures computed under Rule 1006 of the SGX-ST listing rules do not exceed 5%. Accordingly, the Proposed Investment is considered a non-discloseable transaction under Chapter 10 of the SGX-ST listing rules. However, the Company would like to provide information on the Proposed Investment for the benefit of its shareholders. 2. RATIONALE FOR THE PROPOSED INVESTMENT The Proposed Investment is a strategic investment which will strengthen the ongoing partnership between the Company and MM2. The Company will collaborate with MM2 to expand and differentiate the Company&rsquo s pay TV offerings through original content creation. In addition, the Company can tap on MM2&rsquo s regional presence to market and distribute the Company&rsquo s localised content beyond Singapore. 3. PRINCIPAL TERMS OF THE PROPOSED INVESTMENT A summary of the principal terms of the Proposed Investment is set out in this section. 3.1 Consideration The aggregate consideration for the Placement Shares is S$18,040,000. The price per Placement Share is S$0.41, which is a 19.2% discount to the volume weighted average price per MM2 share of S$0.5077 based on trades done on the SGX-ST on 22 March 2016 (being the full market day on which the Placement Agreement was signed). 3.2 Conditions Precedent under the Placement Agreement Pursuant to the terms of the Agreement, the Proposed Investment is conditional upon, inter alia, the following principal conditions precedent being satisfied:- 3.2.1 the results of such legal and financial due diligence investigations conducted by the Company and its advisors on MM2 being satisfactory to the Company 3.2.2 the receipt of the listing and quotation notice of the Placement Shares on the SGX-ST by MM2 with its sponsor (on terms and conditions acceptable to MM2 and the Company, each acting reasonably) 3.2.3 the specific approval from shareholders of MM2 in relation to the Proposed Investment having been obtained and not being revoked or amended and being in full force and effect on the date of completion under the Placement Agreement and 3.2.4 there having been, as at the date of completion under the Placement Agreement, no occurrence of any event nor the discovery of any fact rendering untrue or incorrect in any material respect any of the representations and warranties under the Placement Agreement as if they were repeated on and as of the date of completion therein. 3.3 Completion under the Agreement The Completion date will be the date falling 5 business days after the date the last of the conditions precedent preferred to in paragraph 3.2 above are satisfied, or such other date as may be agreed in writing between the Company and MM2. 4. INTERESTS OF DIRECTORS AND CONTROLLING SHAREHOLDERS None of the Directors and the controlling shareholders of the Company have any interest or are deemed to be interested in the Proposed Investment. 5. FURTHER ANNOUNCEMENTS The Company will make further announcement(s) if and when there are any material updates to the above transaction including, inter alia, the termination of the Placement Agreement. Shareholders and potential investors should note that the Proposed Investment is subject to the fulfilment of the conditions precedent set out above and accordingly should exercise caution when trading in the shares of the Company. Persons who are in doubt as to the action they should take should consult their legal, financial, tax or other professiona

 

Looks like Starhub and MM2 Asia holding hands

 

Crappp.. from morning high of 3.39 dropped to 3.32.. MoU with China Mobile has no positive effect. Sigh...wonder when will Starhub start to receover.

 

Just checked, 45 pages of sell down today.