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This penny stock just got upgraded from catalist to mainboard.

Current Price: $0.01

NAV: $0.0123

(Vested)
(25-12-2012, 08:30 AM)investingsgx Wrote: [ -> ]This penny stock just got upgraded from catalist to mainboard.

Current Price: $0.01

NAV: $0.0123

(Vested)

Up by 20% today! Sadly, still not yet at my average purchase price...
(26-12-2012, 10:28 AM)bardsmanship Wrote: [ -> ]
(25-12-2012, 08:30 AM)investingsgx Wrote: [ -> ]This penny stock just got upgraded from catalist to mainboard.

Current Price: $0.01

NAV: $0.0123

(Vested)

Up by 20% today! Sadly, still not yet at my average purchase price...

It recently went down due to the dilution of shares. Don't understand why they don't want their share price to increase.
The starting of downward trend for price...?

Top Global adjusts condo prices in response to cooling measures

SINGAPORE — Real estate group Top Global has made a 10 to 15 per cent downward adjustment to the prices of its two soon-to-be-launched condominiums in response to the recent slew of property cooling measures, and further changes may be made according to demand.

The freehold residential developments — R Maison and E Maison — are situated at Braddell Road and Somerville Walk, and are targeted at mid- to high-income earners. After the reductions, the 175 units at the two complexes, which are together called The Maisons, have an anticipated price range of between S$1,350 and S$1,450 per square foot.

http://www.todayonline.com/business/top-...g-measures
http://www.businesstimes.com.sg/companie...f-suryamas

Top Global's minority shareholders okay acquisition of Suryamas
By
Chan Yi Wenyiwenc@sph.com.sg@ChanYiWenBT
15 Oct5:50 AM
Singapore

THE minority shareholders of Singapore-listed real estate firm Top Global finally approved on Tuesday the proposed acquisition of PT Suryamas Dutamakmur Tbk, an Indonesian-based property developer in which Top Global's majority shareholders have vested interests.

A letter
Voluntary Conditional Cash Offer for Top Global Limited

SW International Holding announces voluntary conditional cash offer for Top Global Limited
* Offer price of S$0.330 per share in cash represents a premium of 65.0% and 66.7% over the three-month and six-month volume-weighted average prices
* Offer price is final; SW International Holding does not intend to raise offer price
* Offer presents shareholders with a compelling exit from a counter with low trading liquidity
* Offer is conditional upon Offeror receiving sufficient acceptances so as to result in Offeror holding at least 90% of issued shares
* SW International Holding has secured irrevocable undertakings for approximately 77.4% ofthe total number of issued shares

More details in :
1. http://infopub.sgx.com/FileOpen/SW%20Int...eID=444929
2. http://infopub.sgx.com/Apps?A=COW_CorpAn...8.3.17.pdf