the coke price was as high as what it's now before, but it didn't boost HUAAN stock price and profits then, so don't think the company's share price/profits are in accordance with the trend of coke price
Jackkin Don't worry, tomorrow my group of investors will buy in 100 million more units, there is not a damn thing u can do about it Dompeilee.. 21/12/2020 5:10 PM
HAHAHAH!!! I've achieved my objective : Jailed Lim & his syndicates failed to unload at a HIGH price thanks to my ample warnings here....
I on the other hand, am celebrating a very SATISFYING X'mas knowing that I saved some naive greenhorns from being scalped by unscrupulous cheats...now that I've done my work, I bow out from this thread with joy & fulfilment =) Oh yea, thanks for helping unload my 55 lots stuck @ 15.4c since 2019 for a PROFIT =)
Capitalised terms used in this announcement shall have the same meanings as those used in the announcement dated 26 October 2020, unless otherwise stated)
Reference is made to TXB’s earlier announcement made on 26 October 2020 in relation to the above subject matter.
The Board of Directors of TXB wishes to announce that the Parties had on 24 December 2020 mutually agreed to extend the timeline for the execution of the Formal Agreement(s) as stated in the clause 3.1 of the MoU to 25 February 2021.
PROSPECTS OF THE TARGET COMPANY The food and beverage industry in China’s fast-growing economy is projected to bring about an overall revenue size of US$152,445m in 2020. With an annual growth rate (CAGR 2020-2025) of 9.9%, this industry is expected to generate a projected market size of US$244,055m by 2025. To capitalise on such a tremendous market growth potential, TXB plans to open several new outlets within the next three (3) years in China, which shall amongst others, include three (3) new TGI Fridays in Beijing as well as ten (10) Teh Tarik Place in various locations
DETAILS OF THE SHARE TRANSFER The Share Transfer entails the transfer of the entire registered capital of USD8.8 million (“Shares”) in the Target Company representing the entire equity interest in the Target Company from the VendortoTXB for the Transfer Price in accordance with the terms and conditions of the STA. Upon completion of the Share Transfer, the Target Company will be come a wholly-owned subsidiary of TXB. 2.1 Information of Vendor The Vendor is a private limited company incorporated in Malaysia on 21 February 2002.The Vendor is principally engagedi n developing and operating restaurant businesses and investment holding. As at 23 December 2020, being the latest practicable date prior to this announcement (“LPD”),the Vendor has an issued share capital of RM3,000,000 comprising of 3,000,000 ordinary shares. As at LPD ,the directors and shareholders of the Vendor and their respective share holdings in the Vendor are as follows: Name No. of Ordinary Shares % of Issued Share Capital Directors Ng Teck Wah - Chin Yong Fong - Shareholder Tremendous Asia ManagementInc 3,000,000 100%
A blessed Christmas to you ❤️ wishing you a wonderful season that represents Hope, Faith, Joy & Love and most of all... reminding us of the time when the whole world stood still to witness the miracle of the birth of a child.
This cipalak co. wants to buy CHASWOOD? This is Chaswood:
Sg Biz Times(3 July 2019)
Chaswood Resources' independent auditor issues disclaimer of opinion MOORE Stephens, the independent auditor of Chaswood Resources Holdings, has issued a disclaimer of opinion on the group's financial statements for the financial year ended Dec 31, 2018.
It said it did not have sufficient appropriate evidence to provide a basis for an audit opinion on the financial statements.
Moore Stephens said that Chaswood's management had prepared the financial statements on the assumption that the group will continue as a going concern - this is because the directors believe they can carry out a restructuring exercise.
However, the auditor highlighted that the ability of the group to continue as a going concern is dependent on certain assumptions and the successful outcome of the various efforts by the group, of which the outcome is inherently uncertain.
It also highlighted that the group's subsidiaries are facing various legal proceedings brought against them, and that Chaswood has also received a statutory demand for payment of S$3 million relating to a corporate guarantee provided for redeemable exchangeable bonds issued by a subsidiary.
"These conditions indicate the existence of material uncertainties which may cast significant doubt on the ability of the group and Chaswood to continue as going concerns and to realise their assets and discharge their liabilities in the ordinary course of business," Moore Stephens added.
"In light of the material uncertainties, we do not have sufficient audit evidence regarding the use of the going concern assumption in the preparation of the financial statements."
The auditor also said that it was unable to obtain sufficient financial information relating to the liabilities of Chaswood Resources Sdn Bhd (CRSB) as replies to confirmation requests from certain creditors are outstanding. In addition, it was unable to obtain sufficient documentary evidence concerning the status of CRSB Group's litigation matters.
As it was unable to obtain sufficient appropriate audit evidence on assets and liabilities directly associated with CRSB as well as the loss for the year from discontinued operations, it was unable to determine whether any adjustments and/or additional disclosures to thefinancial statements were necessary.
Commenting on the appropriateness of the going concern assumption, Chaswood's board of directors believe that the group will be able to continue as a going concern with sufficient working capital for the next 12 months if it can complete the restructuring exercise. The restructuring involves a scheme of arrangement in Malaysia with its creditors, the proposed disposal of CRSB, the proposed disposal of CRSB's TGI Friday's business in Malaysia and Teh Tarik Place business, the proposed issuance of redeemable convertible notes due 2021 for a principal amount of up to S$50 million as well as a proposed scheme of arrangement with its Singapore creditors.
Trading in the company's shares has been suspended since June 18 last year.
In a separate filing to the Singapore Exchange (SGX) on Wednesday, Chaswood said that the SGX had approved a time extension to submit its resumption proposal to resume trading to June 16, 2020.
This is capacitors, electric batteries & aerospace. A coke business will be completely sold in a few more months. A major transformation from coke to technology. A once in a lifetime opportunity to buy a technology company under 20 cents. Buy & keep under mattress for a few years.
Look back and remember those names that aggressively promoted the stock as the price drifts lower and lower, before they suddenly disappear. They might be selling their own positions as they ask other people to buy. Do your own research to trade. Don't simply follow comments in forums.
There might be a second round of goreng for the second placement but who knows how low the price will go before they set the placement price and how high they will goreng the second round.
@bowls, see the announcement dated 21st December: Stock [TECHNAX]: TECHNA-X BERHAD Announcement Date 21-Dec-2020 Listing Date 22-Dec-2020 New type/class? No Type Private Placement Details Private placement of up to 236,461,500 new ordinary shares representing approximately 20% of Company's total number of issued shares to independent third party investor(s) No. of shares issued 100,000,000 Issue Price Malaysian Ringgit (MYR) 0.110 Par Value - 0.000 Total NOSH 1,537,951,697
Placement of up to 236 million shares, but they only placed 100 million, so there's another 136 million to be placed.
But there is probably more coming. Refer to EGM from September 2019 where they passed this proposal: ISSUANCE OF REDEEMABLE CONVERTIBLE NOTES (“NOTES”) WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150 MILLION
150 million at 15sen a share is 1 billion shares or almost double the current NOSH.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
eyeHunter
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Posted by eyeHunter > 2020-12-24 01:07 | Report Abuse
Target price 0.24