andrefre, were u the one who prompted the company to issue an sgx announcement to clarify just now? keke clear now..
The Board of Directors of Elite KSB Holdings Limited (the “Company") wishes to provide additional information in relation to its announcement relating to the Notice of Book Closure Date (“Notice of BCD”) (Announcement No. 00070) released on 26 June 2013.
Pursuant to the Notice of BCD released on 1 February 2013, the Company had on 5 March 2013 distributed an interim tax-exempt (one-tier) dividend of S$0.015 per ordinary share in the capital of the Company (“Share”) for the financial year ending 30 June 2013.
Pursuant to the Notice of BCD released on 26 June 2013, the Company had on 23 July 2013 distributed a second interim tax-exempt (one-tier) dividend of S$0.055 per Share for the financial year ending 30 June 2013.
In addition, as announced on 18 June 2013, the Company also wishes to carry out a proposed capital reduction exercise (“Capital Reduction”), which will involve a cash distribution of S$0.066 per Share.
The Capital Reduction shall be subject to, inter alia, the approval of shareholders by way of a special resolution at an extraordinary general meeting (“EGM”) to be convened. A circular setting out further information on, inter alia, the Capital Reduction, together with a notice of the EGM, will be despatched by the Company to shareholders in due course.
Yes. Very pleasantly surprised that sending an email to sgx for clarifications actually works
(26-07-2013, 05:15 PM)pianist Wrote: [ -> ]andrefre, were u the one who prompted the company to issue an sgx announcement to clarify just now? keke clear now..
The Board of Directors of Elite KSB Holdings Limited (the “Company") wishes to provide additional information in relation to its announcement relating to the Notice of Book Closure Date (“Notice of BCD”) (Announcement No. 00070) released on 26 June 2013.
Pursuant to the Notice of BCD released on 1 February 2013, the Company had on 5 March 2013 distributed an interim tax-exempt (one-tier) dividend of S$0.015 per ordinary share in the capital of the Company (“Share”) for the financial year ending 30 June 2013.
Pursuant to the Notice of BCD released on 26 June 2013, the Company had on 23 July 2013 distributed a second interim tax-exempt (one-tier) dividend of S$0.055 per Share for the financial year ending 30 June 2013.
In addition, as announced on 18 June 2013, the Company also wishes to carry out a proposed capital reduction exercise (“Capital Reduction”), which will involve a cash distribution of S$0.066 per Share.
The Capital Reduction shall be subject to, inter alia, the approval of shareholders by way of a special resolution at an extraordinary general meeting (“EGM”) to be convened. A circular setting out further information on, inter alia, the Capital Reduction, together with a notice of the EGM, will be despatched by the Company to shareholders in due course.
oh i see...thanks for the info.
(26-07-2013, 05:15 PM)pianist Wrote: [ -> ]andrefre, were u the one who prompted the company to issue an sgx announcement to clarify just now? keke clear now..
The Board of Directors of Elite KSB Holdings Limited (the “Company") wishes to provide additional information in relation to its announcement relating to the Notice of Book Closure Date (“Notice of BCD”) (Announcement No. 00070) released on 26 June 2013.
Pursuant to the Notice of BCD released on 1 February 2013, the Company had on 5 March 2013 distributed an interim tax-exempt (one-tier) dividend of S$0.015 per ordinary share in the capital of the Company (“Share”) for the financial year ending 30 June 2013.
Pursuant to the Notice of BCD released on 26 June 2013, the Company had on 23 July 2013 distributed a second interim tax-exempt (one-tier) dividend of S$0.055 per Share for the financial year ending 30 June 2013.
In addition, as announced on 18 June 2013, the Company also wishes to carry out a proposed capital reduction exercise (“Capital Reduction”), which will involve a cash distribution of S$0.066 per Share.
The Capital Reduction shall be subject to, inter alia, the approval of shareholders by way of a special resolution at an extraordinary general meeting (“EGM”) to be convened. A circular setting out further information on, inter alia, the Capital Reduction, together with a notice of the EGM, will be despatched by the Company to shareholders in due course.
I m totally lost at the current events right now thats happening with this company.
Could any one pls explain it to me? I m still new to investing and especially this type of news.
From what i understand, the recent payout of dividend is based on 2nd interim.
they are having a an EGM to propose capital reduction. but what is capital reduction?
i m sorry to have to put u guys throu my noobness.
Thanks.
Vested.
(30-07-2013, 01:53 PM)Matt88 Wrote: [ -> ] (26-07-2013, 05:15 PM)pianist Wrote: [ -> ]andrefre, were u the one who prompted the company to issue an sgx announcement to clarify just now? keke clear now..
The Board of Directors of Elite KSB Holdings Limited (the “Company") wishes to provide additional information in relation to its announcement relating to the Notice of Book Closure Date (“Notice of BCD”) (Announcement No. 00070) released on 26 June 2013.
Pursuant to the Notice of BCD released on 1 February 2013, the Company had on 5 March 2013 distributed an interim tax-exempt (one-tier) dividend of S$0.015 per ordinary share in the capital of the Company (“Share”) for the financial year ending 30 June 2013.
Pursuant to the Notice of BCD released on 26 June 2013, the Company had on 23 July 2013 distributed a second interim tax-exempt (one-tier) dividend of S$0.055 per Share for the financial year ending 30 June 2013.
In addition, as announced on 18 June 2013, the Company also wishes to carry out a proposed capital reduction exercise (“Capital Reduction”), which will involve a cash distribution of S$0.066 per Share.
The Capital Reduction shall be subject to, inter alia, the approval of shareholders by way of a special resolution at an extraordinary general meeting (“EGM”) to be convened. A circular setting out further information on, inter alia, the Capital Reduction, together with a notice of the EGM, will be despatched by the Company to shareholders in due course.
I m totally lost at the current events right now thats happening with this company.
Could any one pls explain it to me? I m still new to investing and especially this type of news.
From what i understand, the recent payout of dividend is based on 2nd interim.
they are having a an EGM to propose capital reduction. but what is capital reduction?
i m sorry to have to put u guys throu my noobness.
Thanks.
Vested.
Have you read the following? It should have all the info needed to understand it.
http://infopub.sgx.com/FileOpen/EliteKSB...eID=242291
(not vested)
(30-07-2013, 02:40 PM)CityFarmer Wrote: [ -> ] (30-07-2013, 01:53 PM)Matt88 Wrote: [ -> ] (26-07-2013, 05:15 PM)pianist Wrote: [ -> ]andrefre, were u the one who prompted the company to issue an sgx announcement to clarify just now? keke clear now..
The Board of Directors of Elite KSB Holdings Limited (the “Company") wishes to provide additional information in relation to its announcement relating to the Notice of Book Closure Date (“Notice of BCD”) (Announcement No. 00070) released on 26 June 2013.
Pursuant to the Notice of BCD released on 1 February 2013, the Company had on 5 March 2013 distributed an interim tax-exempt (one-tier) dividend of S$0.015 per ordinary share in the capital of the Company (“Share”) for the financial year ending 30 June 2013.
Pursuant to the Notice of BCD released on 26 June 2013, the Company had on 23 July 2013 distributed a second interim tax-exempt (one-tier) dividend of S$0.055 per Share for the financial year ending 30 June 2013.
In addition, as announced on 18 June 2013, the Company also wishes to carry out a proposed capital reduction exercise (“Capital Reduction”), which will involve a cash distribution of S$0.066 per Share.
The Capital Reduction shall be subject to, inter alia, the approval of shareholders by way of a special resolution at an extraordinary general meeting (“EGM”) to be convened. A circular setting out further information on, inter alia, the Capital Reduction, together with a notice of the EGM, will be despatched by the Company to shareholders in due course.
I m totally lost at the current events right now thats happening with this company.
Could any one pls explain it to me? I m still new to investing and especially this type of news.
From what i understand, the recent payout of dividend is based on 2nd interim.
they are having a an EGM to propose capital reduction. but what is capital reduction?
i m sorry to have to put u guys throu my noobness.
Thanks.
Vested.
Have you read the following? It should have all the info needed to understand it.
http://infopub.sgx.com/FileOpen/EliteKSB...eID=242291
(not vested)
Capital reduction is the process of returning equity to shareholders. In Elite KSB's case, each shareholder would receive $0.066 per share without any change in the number of shares held by shareholders after the cash distribution.
(31-07-2013, 09:24 AM)zz... Wrote: [ -> ] (30-07-2013, 02:40 PM)CityFarmer Wrote: [ -> ]Have you read the following? It should have all the info needed to understand it.
http://infopub.sgx.com/FileOpen/EliteKSB...eID=242291
(not vested)
Capital reduction is the process of returning equity to shareholders. In Elite KSB's case, each shareholder would receive $0.066 per share without any change in the number of shares held by shareholders after the cash distribution.
hmm.. Thanks.. i will look into it further..
Stock is pretty dead, they have till end October to announce what they are going to do with the company. Don't think it's worth spending any more time looking into.
Further to the extraordinary general meeting held on 29 August 2013, the Board of Directors of Elite KSB Holdings Limited (the "Company") is pleased to announce that the disposal of the Company’s entire 75% equity interest in KSB China has been completed on 6 September 2013 and accordingly, KSB China has ceased as a subsidiary of the Company.
huat ah
It is confirmed that there is no RTO, and the company will distribute back its existing cash reserve, thus a voluntary liquidation. The last market cap was S$35 mil @ 26 cents per share.
Ref:
http://infopub.sgx.com/FileOpen/EliteKSB...eID=262548
Base on the last report, the cash reserve was S$20 mil, or slightly less than 15 cents per share.
Ref:
http://infopub.sgx.com/FileOpen/EliteKSB...eID=261622
It means for those who bought it at 26 cents, they will lose 11 cents per share, after liquidation, barring any further expenses.
I wish no buddies here are caught.
(not vested)