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A continuation of the red-chip performance. Wait longer, it will be wiped off listing.
Sunmoon no.2????
camelhump, thank you for your reply.
too late now for ipo in HKex now to pay all debts, so relying on 3rd party investors. Can SinoG make it by 30 Oct, let' s see. It' s the final lap...as announced that due diligence on these investors carried out by appointed financial institution, maybe it will work out fine.....SinoG is still profitable, churning out net profits of 15m bi-anually.
30 Oct is in the sgx announcement. Seems 30 Aug is final milestone for the CBs, then when sgx enquired again, SGrand replied 30 Oct.
smallsgshare ( Date: 14-Sep-2020 08:55) Posted:
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Any reason 30 Oct is an important date? Thanks!
camelhump ( Date: 13-Sep-2020 21:22) Posted:
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See this 30 Oct is the final lap for SinoG, make it big or the opp. 2 points stand out though, co is still profitable and due diligence of 3rd party invostors in full swing. See how it goes
SinoGrand AGM on 27 September 2020 so can expect to receive Annual Report next few days...
IPO no news....Wayang started 8 years ago.....until now borrow, borrow and borrow to repay loan and bonds. A sad story for all the investors here. Check your inbox now for my views.
looks like co is working hard towards 30 oct...what is encouraging is due process is now in process, cmon cmon
co is planning fund raising for borrowings repayment :
" As announced previously that the management of the Company believes that it is due, inpart, to the foreign exchange control restrictions by mainland Chinaand as a resultthe Group&rsquo s subsidiaries in the PRC were not able to repatriate fund to the Company to allow the Company to pay off its debts as the repatriation of funds, if approved, is only towards declaring dividends in the Company and it cannot be used for any other purposed.
As an alternate measure, the Company is in discussion with two financial institutionsin PRC/ Hong Kong for fund-raising of approximately RMB800 million for the purpose of repayment of borrowings"
https://links.sgx.com/FileOpen/Sino%20Grandness%20-%20Response%20to%20SGX.ashx?App=Announcement& FileID=631432
" As announced previously that the management of the Company believes that it is due, inpart, to the foreign exchange control restrictions by mainland Chinaand as a resultthe Group&rsquo s subsidiaries in the PRC were not able to repatriate fund to the Company to allow the Company to pay off its debts as the repatriation of funds, if approved, is only towards declaring dividends in the Company and it cannot be used for any other purposed.
As an alternate measure, the Company is in discussion with two financial institutionsin PRC/ Hong Kong for fund-raising of approximately RMB800 million for the purpose of repayment of borrowings"
https://links.sgx.com/FileOpen/Sino%20Grandness%20-%20Response%20to%20SGX.ashx?App=Announcement& FileID=631432
Coming soon, chart 3
Hope uob hse come to rescue, 20 must stay in touch
Bb collection, this time they super patience,once they collect finished, turbo, parking time
Time to jeep, 21 must buy n keep, sunmooon is wake up liao
SmallSmall ( Date: 28-Aug-2020 11:29) Posted:
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See if $0.025 will be cleared by noon ....
SmallSmall ( Date: 28-Aug-2020 11:01) Posted:
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20 day high...If can clear $0.025, all hell will break loose.
TIME TO BRRAKOUT TODAY to 30
Awaiting for u to spread the wings and soar abv the sky.
Cheers
Cheers
Any news?