29-07-2016, 04:17 PM
The company has filed winding-up application voluntary, rather than by creditors. It is more likely that, the management has given up without a real fight, with cash reserve of S$176 mil, and positive op cash flow position. I checked, the immediate amount on recent letter of demands were much less than that.
http://infopub.sgx.com/FileOpen/SHL%20-%...eID=414404
Why? I checked on the shareholders structure, there are 3 SSHs, with an estimated stakes of around 10%+-, inc deemed interest from an non-transparent BVI entity, Newshire Capital Limited.
Isn't another "orphan company" advocated by Mr. Yeo, from Yeoman Capital? I learned from Mr. Yeo, to avoid orphan companies i.e. companies without a strong major shareholder.
What do you think?
(not vested, and contribute a point for the postmortem)
http://infopub.sgx.com/FileOpen/SHL%20-%...eID=414404
Why? I checked on the shareholders structure, there are 3 SSHs, with an estimated stakes of around 10%+-, inc deemed interest from an non-transparent BVI entity, Newshire Capital Limited.
Isn't another "orphan company" advocated by Mr. Yeo, from Yeoman Capital? I learned from Mr. Yeo, to avoid orphan companies i.e. companies without a strong major shareholder.
What do you think?
(not vested, and contribute a point for the postmortem)