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most likely a fine lah, Wink
Roughly estimated that amount needed to move shares out of margin acct= $8m. Incurred mainly to acquire the 16% during the previous 18 cents Offer.
Given that Tay annual salary is less than $1m and low div payouts. I guess money comes from another financial institution (margin acct) or personal property mortgage or loan somewhere.

Can be a good thing when major shareholder has personal debts and the company has lot of cash. Eg FNN.

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(09-06-2014, 08:30 AM)opmi Wrote: [ -> ]Roughly estimated that amount needed to move shares out of margin acct= $8m. Incurred mainly to acquire the 16% during the previous 18 cents Offer.
Given that Tay annual salary is less than $1m and low div payouts. I guess money comes from another financial institution (margin acct) or personal property mortgage or loan somewhere.

Can be a good thing when major shareholder has personal debts and the company has lot of cash. Eg FNN.

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I'm wondering... usually shift back to own CDP account means easier to use the shares for voting when there's corporate action? Otherwise if no money, still need to pay interest elsewhere anyway...
^^ voting via nominees no problem for major shareholders. They will get priority. Not a concern.

I think the transfer is just preparation in case of unfavorable outcome for court case.




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Yet another pre trial for Hoy Fatt (tomorrow):

http://app-stg.supremecourt.gov.sg/defau...x?pgID=160#
ST bought again on monday and tuesday:

2014-06-17 : 207 lots @ 28.5 cents
2014-06-16 : 84 lots @ 28.5 cents

2014-04-28 : 171 lots @ 28.5 cents
2014-04-22 : 50 lots @ 28.5 cents
2014-04-07 : 62 lots @ 28.0 cents
2014-03-13 : 6 lots @ 28.5 cents
2014-03-11 : 36 lots @ 28.5 cents
2014-03-10 : 9 lots @ 28.5 cents
2014-03-05 : 85 lots @ 28.5 cents
2014-02-04 : 388 lots @ 28.5 cents
2014-01-30 : 24 lots @ 28.0 cents
2014-01-28 : 10 lots @ 28.0 cents
2014-01-27 : 44 lots @ 28.0 cents
2014-01-14 : 32 lots @ 28.5 cents
2014-01-13 : 30 lots @ 28.5 cents
2014-01-09 : 303 lots @ 28.5 cents
2013-12-10 : 30 lots @ 28.0 cents
2013-12-09 : 18 lots @ 28.0 cents
2013-12-05 : 30 lots @ 28.0 cents
2013-11-25 : 299 lots @ 27.96 cents
2013-09-05 : 50 lots @ 25.0 cents
2013-09-04 : 362 lots @ 25.0 cents
2013-08-30 : 50 lots @ 24.5 cents
2013-08-28 : 241 lots @ 24.5 cents
2013-08-21 : 45 lots @ 24.5 cents
2013-08-20 : 162 lots @ 24.5 cents
2013-08-16 : 155 lots @ 24.5 cents
2013-08-13 : 12 lots @ 24.5 cents
2013-08-12 : 64 lots @ 24.5 cents
2013-08-06 : 273 lots @ 24.5 cents
2013-08-05 : 31 lots @ 24.5 cents
2013-08-02 : 212 lots @ 24.5 cents
2013-07-31 : 165 lots @ 24.2 cents
Still pre trial conf. This charge is the penal code charge. Very serious.


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Being so close to the court cases outcomes,
ST is preparing for unfavorable outcomes?
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