I thought Mun Siong's proposed 4-for-10, 3-year warrant issue priced at a super-low $0.0015/warrant, and with the warrant exercise price fixed at a super-low $0.01 for each new share, first announced on 6May14…..
http://infopub.sgx.com/FileOpen/MSE-2014...eID=295674
is an ultra shareholder-friendly deal from the pricing angle.
As the warrant issue exercise is structured more to boost market liquidity of this counter - and much less to raise fresh capital - I just wonder whether it would really do the trick for this mid-size company but with a rather well-established business mainly engaged in providing essential repair and maintenance services to oil and gas, petrochemical and other process industries within Singapore and Asia Pacific regions. More info on Mun Siong…..
http://www.mun-siong.com/index.php
Based on the latest Q1 (ended 31Mar14) results…..
http://infopub.sgx.com/FileOpen/MSE-FY20...eID=295672 [result announcement]
http://infopub.sgx.com/FileOpen/MSE-FY20...eID=295673 [press release]
the business seems to be looking up a little, and the underlying profits seems to be recovering...
http://infopub.sgx.com/FileOpen/MSE-2014...eID=295674
is an ultra shareholder-friendly deal from the pricing angle.
As the warrant issue exercise is structured more to boost market liquidity of this counter - and much less to raise fresh capital - I just wonder whether it would really do the trick for this mid-size company but with a rather well-established business mainly engaged in providing essential repair and maintenance services to oil and gas, petrochemical and other process industries within Singapore and Asia Pacific regions. More info on Mun Siong…..
http://www.mun-siong.com/index.php
Based on the latest Q1 (ended 31Mar14) results…..
http://infopub.sgx.com/FileOpen/MSE-FY20...eID=295672 [result announcement]
http://infopub.sgx.com/FileOpen/MSE-FY20...eID=295673 [press release]
the business seems to be looking up a little, and the underlying profits seems to be recovering...