Capital World    Last:0.001   -

21 world capital inside JB s largest mall

Only a kanasai company will keep issue share until it balooned

 

Another goner

Starship      ( Date: 30-Jan-2019 23:46) Posted: Another Clown Stock in SGX Circus unmasked....................... Shareholders block Capital World from issuing settlement shares WED, JAN 30, 2019 - 9:04 PM MINORITY shareholders of Catalist-listed Capital World have blocked a bid by the  integrated property developer to issue  39 million new shares to  convertible bond holder  Chong Thim Pheng as part of a settlement agreement. The votes were cast at a shareholder meeting on Monday. Capital World has 1.31 billion issued shares. It proposed the share issuance in November. The Singapore Exchange (SGX) has questioned why the company wants to issue new shares to Mr Chong for S$8 million in principal value of Series B Bonds which were not drawn down, when it already intends to repay Mr  Chong the entire S$10 million principal for the Series A Bonds drawn down, along with interests. Since the settlement agreement has now been blocked, the  convertible bond subscription agreement and other share charge agreements remain in full force and effect, Capital World said on Wednesday. " The company will be in discussions with Dato&rsquo Chong on the next course of action" , it said.SEE ALSO:  Landlord Capital World grants share options worth S$1.75m to marketing consultancy One WorldIf  Mr Chong requires that additional shares be charged in his favour, failure to do so by the chargors  &ndash Siow Chien Fu, chief executive of Capital World, and substantial shareholders  Colin Tan and Edwin Tan  &ndash will constitute an event of default, and Mr Chong may declare the bonds immediately due and payable, the group added. On Wednesday,  Capital World also clarified that its earlier answers to SGX' s queries were not entirely accurate. The group' s reason for issuing the 39 million new shares to Mr Chong was that if  the total number of shares charged to him were to increase to 550,964,187 as demanded to make up for Capital World' s share price slide, he would  have a deemed interest in 41.83 per cent of Capital World. The group argued that  it was better to cancel the convertible bond agreement and compensate Mr Chong with new shares since many of the operation contracts that the company had entered into require that the existing management remain in control of the company. This is inaccurate. Rather, pursuant to a loan agreement entered into between a Capital World unit and Great View Finance in Oct 2017, the unit had warranted that Mr Siow and the Tan brothers were the major shareholders of the company at the time of entering into the loan agreement, Capital World clarified. In relation to the group' s joint venture agreements entered into with land owners, there is also no  express written requirement for  Mr Siow and the Tan brothers to  remain as majority shareholders. https://www.businesstimes.com.sg/companies-markets/shareholders-block-capital-world-from-issuing-settlement-shares

 

This was an Old Clown but managed to conjour New Tricks to entertain.

->   f.k.a Terratech Group Limited (before the RTO). The best part is its Marble Quarry assets are still in the books of this New Clown with no disposal made during the RTO. 
New RTOed Target company -> No Assets, took in Toxic Assets in its books.

 

 

Another Clown Stock in SGX Circus unmasked.......................


Shareholders block Capital World from issuing settlement shares
WED, JAN 30, 2019 - 9:04 PM

MINORITY shareholders of Catalist-listed Capital World have blocked a bid by the  integrated property developer to issue  39 million new shares to  convertible bond holder  Chong Thim Pheng as part of a settlement agreement.

The votes were cast at a shareholder meeting on Monday. Capital World has 1.31 billion issued shares. It proposed the share issuance in November.

The Singapore Exchange (SGX) has questioned why the company wants to issue new shares to Mr Chong for S$8 million in principal value of Series B Bonds which were not drawn down, when it already intends to repay Mr  Chong the entire S$10 million principal for the Series A Bonds drawn down, along with interests.

Since the settlement agreement has now been blocked, the  convertible bond subscription agreement and other share charge agreements remain in full force and effect, Capital World said on Wednesday.

" The company will be in discussions with Dato&rsquo Chong on the next course of action" , it said.SEE ALSO:  Landlord Capital World grants share options worth S$1.75m to marketing consultancy One WorldIf  Mr Chong requires that additional shares be charged in his favour, failure to do so by the chargors  &ndash Siow Chien Fu, chief executive of Capital World, and substantial shareholders  Colin Tan and Edwin Tan  &ndash will constitute an event of default, and Mr Chong may declare the bonds immediately due and payable, the group added.

On Wednesday,  Capital World also clarified that its earlier answers to SGX' s queries were not entirely accurate.

The group' s reason for issuing the 39 million new shares to Mr Chong was that if  the total number of shares charged to him were to increase to 550,964,187 as demanded to make up for Capital World' s share price slide, he would  have a deemed interest in 41.83 per cent of Capital World.

The group argued that  it was better to cancel the convertible bond agreement and compensate Mr Chong with new shares since many of the operation contracts that the company had entered into require that the existing management remain in control of the company.

This is inaccurate. Rather, pursuant to a loan agreement entered into between a Capital World unit and Great View Finance in Oct 2017, the unit had warranted that Mr Siow and the Tan brothers were the major shareholders of the company at the time of entering into the loan agreement, Capital World clarified.

In relation to the group' s joint venture agreements entered into with land owners, there is also no  express written requirement for  Mr Siow and the Tan brothers to  remain as majority shareholders.

https://www.businesstimes.com.sg/companies-markets/shareholders-block-capital-world-from-issuing-settlement-shares

 

 

Coming Monday 28 Jan 2019. Let' s see what' s going to happen. Already 满 江 红 (LOL!)

 

entry into option agreement excercise price 0.035. price going to head down?

 

Since I last bought it kept going down leh.... LOL! (Of should I be weeping? LOL!)

Anyway, do post news if there are any. Seems like the Capital 21 project is not doing well. I wonder what' s brewing inside?

Kennytay9      ( Date: 03-Jan-2019 04:49) Posted: No more news on this stock? Seems like bearish to me. but manipulated by small volume. Seems like something is brewing

 

No more news on this stock? Seems like bearish to me. but manipulated by small volume. Seems like something is brewing

 

No worries man. Good luck bro !

partydelights      ( Date: 18-Dec-2018 15:16) Posted: Thanks @Kennytay9 for your advice. Finally got 100k shares at 5.3c. Now hope it goes up soon LOL! (I' m new to the market, hence glad to have guys like you that offer advices.) I' ll take my leave now. See you at some other forums. Kennytay9      ( Date: 10-Dec-2018 14:42) Posted: I recommend about 53 to 54 cent

 

Thanks @Kennytay9 for your advice.

Finally got 100k shares at 5.3c. Now hope it goes up soon LOL! (I' m new to the market, hence glad to have guys like you that offer advices.)

I' ll take my leave now. See you at some other forums.

Kennytay9      ( Date: 10-Dec-2018 14:42) Posted: I recommend about 53 to 54 cent. partydelights      ( Date: 10-Dec-2018 14:31) Posted: Thanks. I'm just a small player wanting to come in. Wonder at what rate it's good to buy. Any recommendation

 

Buyers like me will hope for bad news (sorry Capital World LOL).

Why I came here was because I went to Capital 21 last week and was utterly disappointed by the less-than-OK shopping experience. That' s why I thought the share price will drop.

But looking at the big investors controling the stock, I wonder what will be the outcome. Anyway just trying my luck at 5.3c. Long term of course I believe it will be positive.

BullVsBear_SG      ( Date: 17-Dec-2018 11:43) Posted: The wave is over at 0.58. They need another positive news to attract the attention of everyone else, if not it will just be big sharks controling the stock.  Shall wait for the next boat.

 

The wave is over at 0.58. They need another positive news to attract the attention of everyone else, if not it will just be big sharks controling the stock. 

Shall wait for the next boat. 

 

 

LOL! So true and I noticed that last week.

I' ll continue to try for this week and I' ll take my leave.

Anyway thanks for advice and good luck trading.
 

Kennytay9      ( Date: 17-Dec-2018 11:24) Posted: After that, it might be too late already. You will be following the trend. Suggest to invest in other stocks instead. This stock is highly manipulated by big investors. That's why the price movement of this stock is so volatile. partydelights      ( Date: 17-Dec-2018 11:22) Posted: Tug of war. I wanted to buy at 5.3c since last week and can' t get. I think will have to wait until after Christmas to see if the market like Capital 21, and of course the Q1 reports

 

After that, it might be too late already. You will be following the trend. Suggest to invest in other stocks instead. This stock is highly manipulated by big investors. That's why the price movement of this stock is so volatile.

partydelights      ( Date: 17-Dec-2018 11:22) Posted: Tug of war. I wanted to buy at 5.3c since last week and can' t get. I think will have to wait until after Christmas to see if the market like Capital 21, and of course the Q1 reports. Kennytay9      ( Date: 17-Dec-2018 11:12) Posted: I think no one wants to sell at a low price. Seems like the the holders don't value this stock at a low price. They waiting for 0.6c to let it go I guess

 

Tug of war.

I wanted to buy at 5.3c since last week and can' t get. I think will have to wait until after Christmas to see if the market like Capital 21, and of course the Q1 reports.

Kennytay9      ( Date: 17-Dec-2018 11:12) Posted: I think no one wants to sell at a low price. Seems like the the holders don't value this stock at a low price. They waiting for 0.6c to let it go I guess. partydelights      ( Date: 17-Dec-2018 10:49) Posted: Early Monday Morning Married at 5c? And only 250,000 shares? What' s up?

 

I think no one wants to sell at a low price. Seems like the the holders don't value this stock at a low price. They waiting for 0.6c to let it go I guess.

partydelights      ( Date: 17-Dec-2018 10:49) Posted: Early Monday Morning Married at 5c? And only 250,000 shares? What' s up?

 

Early Monday Morning Married at 5c? And only 250,000 shares? What' s up?

 

Oh mine, there you are. KATEKS have been earning since this RTO has been priced at 28 cents (with a certain Terratech Group). I believed you will sure have a memory about it. Not to mention its predecessor IPO at 23 cents all the way down to 4 cents. 
Well, you know what, there is still (" problem child" ) in their books. RPG pumping in it at enlarged share of 29.9% @3.5 cents. Your guess is as good as mine. 
Always do one' s DueD.

 

golden_SGX      ( Date: 11-Dec-2018 10:55) Posted: KATEK has been covering their shorts position since historical low of 3cts ...

 

KATEK has been covering their shorts position since historical low of 3cts ...

 

Latest news. Capital world had recorded a disposal gain of 1.3million. Huat ah.