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Wonderful! Thank you BB for pushing up.
easywin ( Date: 07-Jul-2019 23:48) Posted:
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2 cents what's to see? As good as rubbish.
Ground knowledge is key,
suggest you pay a visit to the so-called biggest Mall in JB.
You would then be less bullish.
Do the new investors see potential in the company or do they have some business plans(bizness synergy perhaps) for the company ? Hmmmm .....
Capital World to raise S$18m by issuing shares to 2 private investors
PROPERTY firm Capital World, which has recently struggled to repay loans, is looking to raise some S$18 million by issuing new ordinary shares to two private investors.
The Catalist-listed firm said on Wednesday it has entered into a legally-binding term sheet with Yuan Zhiwei and Chng Chor Tong to issue about 916 million new shares at S$0.020 per share. The issue price represents a 13.04 per cent discount to the volume-weighted average price of S$0.023, based on trades done on July 5.
According to the exchange filing, Mr Yuan is a Singapore Permanent Resident and is currently a director and shareholder of Shen Zhen South Honki Investment and Guizhou Honki Real Estate Development, which deal in property development and property investment.
Mr Chng is a Singaporean investor and is currently a director of Zhuang Sheng Singapore Holdings. He does fundraising and corporate consultancy.
The proposed subscription, if approved by shareholders, will see Mr Yuan take a 28.11 per cent stake in the company' s enlarged share capital, making him a controlling shareholder.
Mr Chng, on the other hand, will hold 4.84 per cent of the company' s enlarged share capital.
Capital World said the proceeds will go chiefly towards its Capital City Project and partial repayment of existing loans and borrowings. The remainder will be used as working capital.
https://www.businesstimes.com.sg/companies-markets/capital-world-to-raise-s18m-by-issuing-shares-to-2-private-investors
Share placement announcement to raise 18m
The reply on Jul 2 said the company is confident it can pull through in the next 12 months. How can it face issue now.
fighting ( Date: 10-Jul-2019 09:05) Posted:
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Should be gone case
borneo2017 ( Date: 08-Jul-2019 10:03) Posted:
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Think it is regarding the bond updates
Jialat, I bought last Friday and now Halt.
This is not important for speculative stocks, if BBs decides to push just follow the wind than win easy money, Monitor closely any volume and price increase just grab it.
partydelights ( Date: 06-Jul-2019 03:26) Posted:
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Cheap no use. Compared to IPO loss 10 times (from $0.24 to $0.024)! Now I wonder if the stock will be de-listed?
In fact, the mall not only no tenant, despite the Management give free rental (merely profit sharing) also no one want to go start business.
And the construction of Hilton Gardens (not Hilton as sold by their Sales) + " Service Suites" (not Hotel anymore) + Apartments (not offices) all had stopped. The status of the entire building is not like " 5-Star" but like " Pasar Malam" (or worse.... Pasar Malam has more stalls and shoppers).
I think cannot already lah!
In fact, the mall not only no tenant, despite the Management give free rental (merely profit sharing) also no one want to go start business.
And the construction of Hilton Gardens (not Hilton as sold by their Sales) + " Service Suites" (not Hotel anymore) + Apartments (not offices) all had stopped. The status of the entire building is not like " 5-Star" but like " Pasar Malam" (or worse.... Pasar Malam has more stalls and shoppers).
I think cannot already lah!
johnng ( Date: 04-Jul-2019 14:26) Posted:
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very cheap compare to last year pricing...
Stirring also. Only bones left. Not much to lose
Both up lorry... price dived more than half
partydelights ( Date: 18-Dec-2018 15:16) Posted:
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Yes, downward..... to $0.001
johnng ( Date: 22-Apr-2019 14:56) Posted:
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Capital World misses bond deadline, strikes new repayment deal
THU, MAY 02, 2019 - 8:11 PM
CATALIST-LISTED Capital World will extend the repayment date of certain bonds, in a deal with convertible bondholder Chong Thim Peng, the board said on Thursday.
The developer had agreed in March that it would redeem S$3 million in Series A Tranche 2 bonds from Mr Chong on the original maturity date of May 1, inclusive of interest.
But it missed the deadline, and has since struck a deal to repay Mr Chong by May 31 instead, including extra interest at a rate of 10 per cent a year for the month.
" The board and management of the company are of the opinion that the terms set out above to fulfil the company' s obligations under the convertible bond subscription agreement and the discharge of the charged shares are in the best interests of the company," said the board.
It reiterated in its statement that another S$4.05 million in Series A Tranche 1 bonds, including interest, has already been fully paid to Mr Chong.
Minority shareholders had earlier blocked the company from issuing 39 million new shares to Mr Chong under the settlement agreement, in a January vote.
https://www.businesstimes.com.sg/companies-markets/capital-world-misses-bond-deadline-strikes-new-repayment-deal
chiong arh!
can turnabout soon?
It's Capital World 21 mall till now is so empty. Unlike City Square or KSL.