New Toyo

buyers attract sellers....now, with 3.66 mil shares done, it is a tab lower than yesterday..

(16-10-2012, 09:10 AM)potatolover Wrote: Close to 2 million shares transacted in less than 10 min of market's opening...some news must have leaked out.

the average volume for New Toyo for past few weeks was at most 0.1mil shares per day.

So the volume today is 20 times the usual daily volume. Shouldn't SGX issue a query?

I guess it must be some bad news - maybe profit warning! SGX should issue a query to protect shareholders!

(16-10-2012, 01:15 PM)Underdogger Wrote: buyers attract sellers....now, with 3.66 mil shares done, it is a tab lower than yesterday..

(16-10-2012, 09:10 AM)potatolover Wrote: Close to 2 million shares transacted in less than 10 min of market's opening...some news must have leaked out.

the average volume for New Toyo for past few weeks was at most 0.1mil shares per day.

So the volume today is 20 times the usual daily volume. Shouldn't SGX issue a query?

If it is bad news, will some fools buy 3761 lots at ave of 28 cents?

(16-10-2012, 01:35 PM)Louhan Wrote: I guess it must be some bad news - maybe profit warning! SGX should issue a query to protect shareholders!

(16-10-2012, 01:15 PM)Underdogger Wrote: buyers attract sellers....now, with 3.66 mil shares done, it is a tab lower than yesterday..

(16-10-2012, 09:10 AM)potatolover Wrote: Close to 2 million shares transacted in less than 10 min of market's opening...some news must have leaked out.

the average volume for New Toyo for past few weeks was at most 0.1mil shares per day.

So the volume today is 20 times the usual daily volume. Shouldn't SGX issue a query?

i think it could be a potential M&A. Essentially, this is a counter with little or no liquidity. Having more than 3 million shares transacted in a single day is not a usual thing .....

(16-10-2012, 05:53 PM)Underdogger Wrote: If it is bad news, will some fools buy 3761 lots at ave of 28 cents?

(16-10-2012, 01:35 PM)Louhan Wrote: I guess it must be some bad news - maybe profit warning! SGX should issue a query to protect shareholders!

(16-10-2012, 01:15 PM)Underdogger Wrote: buyers attract sellers....now, with 3.66 mil shares done, it is a tab lower than yesterday..

(16-10-2012, 09:10 AM)potatolover Wrote: Close to 2 million shares transacted in less than 10 min of market's opening...some news must have leaked out.

the average volume for New Toyo for past few weeks was at most 0.1mil shares per day.

So the volume today is 20 times the usual daily volume. Shouldn't SGX issue a query?

let us hope for a miracle....

those people who bought aggressively at the 29 cents and 29.5 cents must be banging their heads against the wall?

(20-10-2012, 09:24 PM)Curiousparty Wrote: those people who bought aggressively at the 29 cents and 29.5 cents must be banging their heads against the wall?

Don't know when New Toyo is distributing the dividends from Shanghai Asia! They should distribute it as soon as possible!

They MIGHT not distribute it....They MIGHT squander it away via some so-called "adding to shareholders' value" projects....

(20-10-2012, 11:36 PM)Louhan Wrote:

(20-10-2012, 09:24 PM)Curiousparty Wrote: those people who bought aggressively at the 29 cents and 29.5 cents must be banging their heads against the wall?

Don't know when New Toyo is distributing the dividends from Shanghai Asia! They should distribute it as soon as possible!

(20-10-2012, 11:46 PM)Curiousparty Wrote: They will not distribute it....They will squander it away via some so-called "adding to shareholders' value" projects....

(20-10-2012, 11:36 PM)Louhan Wrote:

(20-10-2012, 09:24 PM)Curiousparty Wrote: those people who bought aggressively at the 29 cents and 29.5 cents must be banging their heads against the wall?

Don't know when New Toyo is distributing the dividends from Shanghai Asia! They should distribute it as soon as possible!

If New Toyo doesn't distribute the dividends from Shanghai Asia, they are cheating the minority shareholders. Can we complain to SGX or SIAS?

What can SIAS and SGX do?

SAH being sold off on the cheap - SGX and SIAS also could not do anything...All wayang parties...sounds familar ? haha

(21-10-2012, 12:28 AM)Louhan Wrote:

(20-10-2012, 11:46 PM)Curiousparty Wrote: They will not distribute it....They will squander it away via some so-called "adding to shareholders' value" projects....

(20-10-2012, 11:36 PM)Louhan Wrote:

(20-10-2012, 09:24 PM)Curiousparty Wrote: those people who bought aggressively at the 29 cents and 29.5 cents must be banging their heads against the wall?

Don't know when New Toyo is distributing the dividends from Shanghai Asia! They should distribute it as soon as possible!

If New Toyo doesn't distribute the dividends from Shanghai Asia, they are cheating the minority shareholders. Can we complain to SGX or SIAS?

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well New Toyo can be taken private on the cheap too...

maybe around NAV 36 cents ..

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Invicta to take Kian Ann private for S$192.8m
ByLee Meixian print |email this article Invicta intends for Kian Ann to become a source hub in Asia and a platform for further expansion in the region, including Malaysia and Indonesia -PHOTO: BT

Mainboard-listed Kian Ann Engineering on Monday announced that an investment holding firm, Invicta Asian Holdings, is planning to buy over all its shares and delist it from the SGX.

Invicta Asian Holdings is indirectly wholly owned by Invicta Holdings Limited, a distributor of capital equipment and engineering consumables in Southern Africa.

Invicta's main shareholders are institutional investors, investment funds and individuals. Dr C.H. Wiese, an industrialist based in South Africa, is the largest shareholder with over 35 per cent interest in Invicta.

The scheme involves Kian Ann shareholders selling their shares to Invicta at S$0.44 a share, which is a 7 per cent premium over its last transacted price of S$0.41 on Oct 12.

The offer price values Kian Ann at S$192.76 million.

Invicta intends to retain Kian Ann's key personnel, namely co-founder and managing director Law Peng Kwee, group general manager Kevin Law Cher Chua, and general manager Loy Soo Chew.

Each of them has agreed to swap their interest in Kian Ann for shares in the capital of Invicta.

Mr Law Peng Kwee, Mr Law Cher Chuan, and Mr Loy will respectively have a 20.10 per cent, 2.51 per cent, and 2 per cent shareholding in the offeror shares. Invicta will hold the remaining 75.39 per cent.

Invicta said it is "pursuing a selective international expansion strategy focused on investing in opportunities in stable countries with the most attractive growth fundamentals" and sees Kian Ann as "an excellent strategic fit."

Invicta intends for Kian Ann to become a source hub in Asia and a platform for further expansion in the region, including Malaysia and Indonesia. The combined group can leverage on operations in Africa to create a more sizeable spare parts group, it said.

Invicta's proposal is conditional on the approval from the SGX Securities Trading, as well as majority of at least 75 per cent of the total shares held by shareholders present and voting at the court meeting.