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Nice run up, the next resistance will be 0.168 conversion price..
The price they are paying is peanuts to them, so don't go by the no. of shares(millions). It is no big deal for them. Cheers.
Both Substantial Shareholder brought shares almost 11 ml....
Chua Leong Hai bought 9,421,000 HARTAWAN shares, raising holding to 91.47 ml
Chow Bon Tong bought 1,400,000 HARTAWAN shares, raising holding to 61.20 ml
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mavenkg ( Date: 16-Jun-2011 11:14) Posted:
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Hulumas ( Date: 16-Jun-2011 10:23) Posted:
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knightrider ( Date: 18-Apr-2011 11:32) Posted:
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knightrider ( Date: 18-Apr-2011 11:32) Posted:
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Billionaire and Stock Investor Master, Warren Buffet said and advised, never buy any shares if you do not understand what is the condition of shares and the organization of a listed company.
click here to understand and analyze the success of stock investor in real cases.
I am vested on this stock and had being actively collecting. I believe the company is trying all revenue to boost the bottom-line earning liking going into car-park management, coal mining, hotel etc.
Hope I am right Vita?.
Any comment on this counter ? Good to invest ? Please share your input ?
VITA HOLDINGS LIMITED
(Company Registration No. 200300950D)
PROPOSED PLACEMENT OF UP TO 52,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF VITA HOLDINGS LIMITED
1. Introduction
The Board of Directors of Vita Holdings Limited (
The Placement Price of S$0.25 for each Placement Share represents a discount of approximately 6.82% to the weighted average market price of approximately S$0.2683 over the previous trading day up to the time the Placement Agreement was signed.
In accordance with the Placement Agreement, the Company will pay to the Placement Agent a placement commission of 2.8% of the Placement Price for each Placement Share for which the Placement Agent has procured subscribers if the Placement Shares are fully subscribed. Otherwise, the Placement Agent will be paid a placement commission of 2% instead.
The Placement Shares will be allotted and issued pursuant to the power conferred on the Directors by the shareholders of the Company under Section 161 of the Companies Act, Chapter 50 at an Annual General Meeting of the Company held on 17 October 2006 and will, upon issue, rank
Pursuant to the Placement Agreement, the Placement Agent has undertaken,
Company) wishes to announce that the Company intends to offer up to 52,000,000 new ordinary shares (Placement Shares) in the capital of the Company for subscription by way of placement (Placement). In connection thereto, the Company had on 13 July 2007 entered into a placement agreement (Placement Agreement) with Kim Eng Securities Pte. Ltd. (Placement Agent), pursuant to which the Placement Agent will procure subscribers, on a best endeavours basis, for up to an aggregate of 52,000,000 Placement Shares, representing in aggregate approximately up to 18.05% of the issued ordinary shares (Shares) in the capital of the Company as at the date of this announcement, at an issue price of S$0.25 per Placement Share (Placement Price), on the terms and subject to the conditions of the Placement Agreement. pari passu in all respects with the existing issued Shares of the Company. inter alia, that it will not offer the Placement Shares for sale to, or procure subscriptions of or make an invitation for the Placement Shares to or by, any person falling within Rule 812 of the Listing Manual of the Singapore Exchange Securities Trading Limited (SGX-ST).2. Conditions precedent to Completion
Completion of the Placement is conditional upon,
- (a) the Offer Information Statement being lodged with and accepted by the Monetary Authority of Singapore;
- (b) the approval-in-principle for the listing and quotation of the Placement Shares on the Official List of the SGX-ST Dealing and Automated Quotation System (
- (c) the allotment, issue and subscription of the Placement Shares not being prohibited by any statute, order, rule, regulation or directive promulgated or issued after the date of the Placement Agreement by any legislative, executive or regulatory body or authority of Singapore which is applicable to the Company or the Placement Agent.
In the event that any of the conditions is not satisfied within 30 days from the date of the Placement Agreement or such other date as the Company and the Placement Agent may agree, this Agreement shall
The Company will be making an application to the SGX-ST for the listing and quotation of the Placement Shares on the SGX-SESDAQ shortly. An Offer Information Statement had been lodged with the Monetary Authority of Singapore pursuant to Section 277 of the Securities and Futures Act.
inter alia:- SGX-SESDAQ); and ipso facto cease and determine thereafter and none of the parties shall have any claim against the other for costs, expenses, damages, losses, compensation or otherwise.3. Use of Net Proceeds
Assuming the Placement Agent procures subscription for all the 52,000,000 Placement Shares, the Placement will enable the Company to raise estimated net proceeds (
The Net Proceeds raised by the Company from the Placement will be used primarily to fund its on-going hotel development works in Singapore.
Pending the deployment of the Net Proceeds, such proceeds may be placed as deposits with banks and financial institutions or invested in short term money markets or debt instruments or for any other purpose on a short-term basis as the Directors of the Company may in their absolute discretion deem fit from time to time.
Net Proceeds) of approximately S$12,500,000, after deducting the estimated expenses incurred thereto of approximately S$500,000.4. Financial Impact
Based on the issued share capital of the Company of S$23,316,996 comprising 288,080,000 Shares as at the date of this Announcement and assuming that none of the Company?s outstanding warrants are exercised and that all the 52,000,000 Placement Shares are issued pursuant to the Placement, on completion of the Placement, the issued share capital of the Company will increase to S$36,316,996 divided into 340,080,000 Shares, and the Placement Shares will represent approximately 18.05% of the existing issued Shares in the capital of the Company and approximately 15.29% of the enlarged issued Shares in the capital of the Company immediately after the completion of the Placement.
Based on the audited accounts of the Company and its subsidiaries (
Group) for the financial year ended 30 June 2006 (announced on 23 August 2006), if the Placement had been effective on 30 June 2006 with all the Placement Shares being fully subscribed, the Placement will result in an adjustment to the net asset value per Share of the Group from 11.61 cents to 13.54 cents, after taking into account the proceeds from the conversion of 25,080,000 warrants into Shares and assuming that a maximum of 52,000,000 Placement Shares were issued and allotted pursuant to the Placement. In addition, assuming the Placement had been effective on 1 July 2005, and after taking into account the conversion of 25,080,000 warrants into Shares, the issue of the Placement Shares will decrease the earnings per Share of the Group in financial year 2006 from 0.21 cents per Share to 0.16 cents per Share.5. General
None of the Placement Shares will be placed with any person or groups of persons disallowed by the SGX-ST as set out under Rule 812 of the Listing Manual of the SGX-ST.
None of the Directors nor (so far as the Directors of the Company are aware) any substantial shareholder of the Company has any interest, direct or indirect, in the Placement (other than through their shareholdings in the Company).
By Order of the Board
Vita Holdings Limited
Sim Poh Heok
Executive Chairman
13 July 2007
Still waiting for this to go up, vested.
At last see price moving up, with current new management and hotel investment the uptrend could be sustain.