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I started a new thread on this company, not due to its business performance, but a recent disposal of its SSH.
The company SSH, Miyoshi Precision, disposed its entire 26.58% stake at one go, when the share price increased by more than 50% this week.
SGX raises a red flag on the company
http://infopub.sgx.com/Apps?A=COW_Corpor...yAd7_lYKYI
(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Can anyone then explain the large price rise since then? They're only gotten into some 51% agreement for some Indonesian oilwells in April that's all. Sounds like something speculative coming.
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(23-01-2015, 11:31 AM)Damien Wrote: Hi Buddies,
Is there anyone who can enlighten me about the below link please.
I can't interpret anything from it.
http://infopub.sgx.com/FileOpen/SGX-Sanc...eID=332284
In a nutshell, there was a restructuring in the company, announced around end of 2014, by a procedure called Scheme Of Arrangement (SOA). You may refer to the previous company announcement for the restructuring detail.
The latest announcement, is to announce the fulfillment of last procedure requirement of the SOA, and detailed the final timeline of completion.
Hope it helps.
(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡