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bsiong
Supreme |
17-Mar-2011 09:20
Yells: "The Greatest Wealth is Health" |
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Fastube Ltd announced that the company has on 13 March 2011 entered into a conditional sale and purchase agreement in relation to the proposed acquisition of the entire issued and paid-up share capital of Atlantic Navigation Holdings Inc. The acquisition consideration for the sale shares is S$146 million and will be satisfied via the issuance of 228,125,000 new ordinary shares in the company at an issue price of S$0.64 per share after consolidation. In addition, the company announced that it has entered into a conditional sale and purchase agreement with the controlling shareholders in relation to the disposal of the subsidiaries and the current business of the company. |
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bsiong
Supreme |
18-Feb-2011 09:00
Yells: "The Greatest Wealth is Health" |
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Fastube Limited considers it appropriate to issue a profit guidance, ahead of the announcement of the results of the Company for the financial year ended 31 December 2010 Following a preliminary assessment of the Group’s financial results, the Directors would like to advise shareholders that the Group expects to report a loss for FY2010. |
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zhuge_liang
Supreme |
24-Dec-2007 21:18
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Link Hi specializes in manufacturing custom made precision steel pipes mainly for oil & gas, automotive, and machinery use. In 2H this year, regulatory climate both in the PRC and abroad turned violently against Link Hi. Link Hi is currently facing a double whammy of anti-dumping tariffs and fines from the US and export tax rebate cuts by PRC authorities. It may be seeing some immediate effects in 2H07 as major US customers will have cheaper suppliers to choose from. Chinese exporters can expect more unhappiness next year: the EU looks set to impose tariffs like the US, and Link Hi expects PRC authorities to cut export tax rebates further, and perhaps actually impose export taxes. Link Hi is currently reevaluating its strategy where management will likely place more weight on domestic sales and the more sheltered oil & gas (O&G) business. It plans to set up sales offices to at least five major oilfields in the PRC. Acquired in Jan 07, Link Hi's new subsidiary Dingyuan will help its case as it makes seamless pipes, which see high demand from the domestic O&G market. Also, Dingyuan has felt smaller export tax rebate cuts so far. Link Hi may also be able to derive value overseas from higher margin valueadded pipes. It can also increase sales channels abroad, as it did in Canada in Nov, in order to generate more revenue. While Link Hi has a solid basic premise - a good product, it has been caught by a 'perfect storm' of punitive regulatory measures in the second half of the year. It is unreasonable to assume that Link Hi will be able to come close to replicating its successes in 1H07. The timing is also inopportune as Link Hi had spent the past two years expanding production capacity. Link Hi expects the new facilities to enhance its revenue in '08 as it realigns its focus. Link Hi is confident that it can steer through the storm and does not expect the regulatory changes to derail its growth plans for the next few years. But first, it has to get through the next few months. |
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zhuge_liang
Supreme |
30-Jan-2007 13:30
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Link Hi, which makes steel tubes used in the auto, oil & gas industries, plans to acquire a 55% equity stake in a China-based seamless steel pipe manufacturer for about 23.8 million yuan. |
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scotty
Senior |
24-Jul-2006 18:10
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maybe the very low trading volume made it subject to easy price control? |
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Listener24sg
Member |
24-Jul-2006 15:41
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Price suddenly shoot up after world cup. and within days came tumbling down again. Any views on this? |
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