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01-03-2012, 10:43 AM
Based on last night's (29Feb12) announcement.....
http://info.sgx.com/webcoranncatth.nsf/V...3004F5CCF/$file/Zagro_Joint_Announcement_29Feb2012.pdf?openelement
, it looks like Zagro Asia's shareholders (other than Skopini Limited / Zuellig Group) stand to make some easy money soon when Skopini offers to sell its 24.7% interest in Zagro Asia (comprising 63,904,000 shares) to the other shareholders of Zagro Asia, via a non-renounceable preferential offering on a pro rata basis at an offer price of S$0.15/share. Based on my calculations, under the preferential offering, a shareholder holding 10,000 Zagro Asia would be entitled to buy another 3,300 (rounded off from 3,281) Zagro Asia shares from Skopini at $0.15/share.
I suppose the above is the main reason why Zagro Asia's share price has jumped $0.05 to $0.29 this morning.
http://info.sgx.com/webcoranncatth.nsf/V...3004F5CCF/$file/Zagro_Joint_Announcement_29Feb2012.pdf?openelement
, it looks like Zagro Asia's shareholders (other than Skopini Limited / Zuellig Group) stand to make some easy money soon when Skopini offers to sell its 24.7% interest in Zagro Asia (comprising 63,904,000 shares) to the other shareholders of Zagro Asia, via a non-renounceable preferential offering on a pro rata basis at an offer price of S$0.15/share. Based on my calculations, under the preferential offering, a shareholder holding 10,000 Zagro Asia would be entitled to buy another 3,300 (rounded off from 3,281) Zagro Asia shares from Skopini at $0.15/share.
I suppose the above is the main reason why Zagro Asia's share price has jumped $0.05 to $0.29 this morning.