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First Sponsor
18-05-2015, 01:33 PM.
Post: #21
RE: First Sponsor
If remembered correctly, this IPO price was $1.50 abt 2 years ago?

Now dropped to $1.20+

Kwek Leng Joo still a substantial SH?

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18-05-2015, 01:42 PM.
Post: #22
RE: First Sponsor
listed last Jul...

Tai Tak and M&C, subsi of City. Leng Beng has personal interests don't know about Leng Joo

(18-05-2015, 01:33 PM)hh488 Wrote: If remembered correctly, this IPO price was $1.50 abt 2 years ago?

Now dropped to $1.20+

Kwek Leng Joo still a substantial SH?

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19-05-2015, 06:39 PM.
Post: #23
RE: First Sponsor
Mgt working hard...

http://infopub.sgx.com/FileOpen/FSGL%20-...eID=352452

Maybe for fund raising via their latest S$1bn facility:

http://infopub.sgx.com/Apps?A=COW_CorpAn...150515.pdf

S$1bn is substantially bigger than their mkt cap but below that RNAV...

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16-06-2015, 05:54 PM.
Post: #24
RE: First Sponsor
http://infopub.sgx.com/FileOpen/FSGL_For...eID=356147

Tai Tak is actively lending a helping hand to mate who either lack patience or confidence in them...

No worries on 1st Sponsor with 2 very strong hands and deep pocket shareholders in TT and CDL.

Only question here is with thinning liquidity, how will 1st sponsor revive investors' interests in the stock...

Vested
GG

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06-07-2015, 11:00 PM.
Post: #25
RE: First Sponsor
First Sponsor was prominantly featured in BT today:

http://www.businesstimes.com.sg/companie...tch-assets

http://www.businesstimes.com.sg/companie...m-a-crisis

Due to copyright, GG can't reproduce the articles...

I think 1st Sponsor CEO is probably under pressure to start promoting the awareness of its "submarine" shares.

It remains tightly held as Tai Tak has been busy mopping up the shares from the open market mostly likely due to impatient holders who are cutting losses. FYI, Tai Tak belongs to the Ho family that held a long term strategic stake in UOB alongside with Dr Wee's family.

Given that Tai Tak is well known in the business community to be very low profile blokes, maybe and I said maybe Kwek who is the party that is "very keen" to have the 1st sponsor story explained.

Whatever it is, 1st sponsor is an interesting long term play should anyone shares the optimism painted by the CEO.

Vested
GG

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24-07-2015, 08:22 PM.
Post: #26
RE: First Sponsor
http://infopub.sgx.com/FileOpen/FSGL%20-...eID=361585

Interim div of 0.7cts.

3rd party financing loan book fell off from 1Q peak to slightly under RMB1bn

Vested

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14-11-2015, 09:16 AM.
Post: #27
RE: First Sponsor
Another acquisition in Holland...

http://infopub.sgx.com/Apps?A=COW_CorpAn...112015.pdf

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