Just calculated in more detail,
When ST quit, shares he had = 250,091,524 = 83.36%
84% of 300 mil issued shares = 252 mil shares
Thus, additional shares required before disclosure = 1,908,476 shares
Total volume from 8 Jul to 11 Aug (inclusive) = 2,104,000 shares
If assume 50% of volume went to ST, then he's 856 lots away from disclosure.
If assume 70% of volume went to ST, then he's 436 lots away from disclosure.
Macau growth likely to continue. Even slower, also faster than SG and Msia.
EASTERN HOLDINGS LTD.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 198105390C)
ANNOUNCEMENT IN RELATION TO THE INCORPORATION OF WHOLLY-OWNED SUBSIDIARY
The Board of Directors (the “Board”) of Eastern Holdings Ltd. (the “Company”) wishes to announce
that the Company has, through its wholly-owned subsidiary, Eastern Investment (Labuan) Berhad,
incorporated a wholly-owned subsidiary known as M Holdings Company Limited (“M Holdings”) in
Macau Special Administrative Region, with an issued and paid-up share capital of MOP25,000. M
Holdings will be principally engaged in the businesses of real estate and other investments.
The incorporation of M Holdings was funded by internal resources and is not expected to have a
material impact on the Company’s earnings per share and net tangible assets per share for the
current financial year ending 31 March 2015.
None of the Directors or substantial shareholders of the Company has any interest, direct or indirect,
in the above transaction other than through their shareholdings in the Company.
BY ORDER OF THE BOARD
Tan Kay Soon Kenneth
Executive Chairman and Managing Director
Eastern Holdings Ltd.
5 September 2014
Maybe one of those opportunistic investment properties again...
Grove Residence just applied for TOP so probably going to have more $$ to invest.
(11-08-2014, 09:26 PM)smallcaps Wrote: [ -> ]Just calculated in more detail,
When ST quit, shares he had = 250,091,524 = 83.36%
84% of 300 mil issued shares = 252 mil shares
Thus, additional shares required before disclosure = 1,908,476 shares
Total volume from 8 Jul to 11 Aug (inclusive) = 2,104,000 shares
If assume 50% of volume went to ST, then he's 856 lots away from disclosure.
If assume 70% of volume went to ST, then he's 436 lots away from disclosure.
MBT just crosses 84%. So MBT has been the buyer around 30 cents or more.
http://infopub.sgx.com/FileOpen/_EHL-For...eID=314478
ok, MBT upping his purchase price too...
this is good news for MS..
Wat kind of strange disclosure rule is this? Only need to state the transaction that caused % to cross whole number?
Interesting... why need to use another company to buy the shares?
As usual, smallcaps pointed out the devil in the details.
Using another company mean want to work around the 90% compulsory acq rule. Intention is clear and akan datang.
The whole number % rule is mainly for funds.
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Then he win lor. He bend it like beckham. I also wonder how he decides when he holds 50% or 60% of the company. IIRC Branam Holdings was of the 60% structure.
More happenings:
CESSATION OF MANAGING DIRECTOR OF TEENS MAGAZINE
Additional Details
Name Of Person Quek Soo Ying, Karen
Age 47
Is effective date of cessation known? Yes
If yes, please provide the date 14/09/2014
Detailed Reason (s) for cessation Internal business restructuring
Wonder wats up with the publishing arm? Both MD quit already. Going to sell it off?