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Elite KSB

This is a good stock,can start to accumulate more...look at the chart,slowly climb up.Must confident dun missed out this rarely chance.

Extraordinary General Meeting of Elite KSB Holdings Limited will be held at 8 Wilkie Road, #03-01 Wilkie Edge, Singapore 228095

on 29 August 2013 at 10.00 a.m

WanSiTong ( Date: 27-Aug-2013 10:09) Posted:

WanSiTong ( Date: 20-Aug-2013 10:20) Posted:

NOTICE OF EXTRAORDINARY GENERAL MEETING that an Extraordinary General Meeting of Elite KSB Holdings Limited (the ?Company?) will be held at 8 Wilkie Road, #03-01 Wilkie Edge, Singapore 228095 on 29 August 2013 at 10.00 a.m. for the purpose of considering and, if thought fi t, passing with or without modifi cations, the following resolutions:-

NOTICE IS HEREBY GIVEN

SPECIAL RESOLUTION

PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION

(a) the share capital of the Company be reduced by an amount of approximately S$8.94 million and that such reduction be effected and satisfied by returning to shareholders of the Company an amount of S$0.066 per share in cash

(b) ......

ORDINARY RESOLUTION - PROPOSED DISPOSAL

THAT:

(a) approval be hereby given for the Company to dispose its 75% equity interest in KSB China Holdings Private Limited for a consideration of S$10,572,331 to Chew Ghim Bok, subject to the terms and conditions of the disposal agreement dated 18 June 2013

(b) .......

WanSiTong ( Date: 20-Aug-2013 10:20) Posted:

NOTICE OF EXTRAORDINARY GENERAL MEETING that an Extraordinary General Meeting of Elite KSB Holdings Limited (the ?Company?) will be held at 8 Wilkie Road, #03-01 Wilkie Edge, Singapore 228095 on 29 August 2013 at 10.00 a.m. for the purpose of considering and, if thought fi t, passing with or without modifi cations, the following resolutions:-

NOTICE IS HEREBY GIVEN

SPECIAL RESOLUTION

PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION

(a) the share capital of the Company be reduced by an amount of approximately S$8.94 million and that such reduction be effected and satisfied by returning to shareholders of the Company an amount of S$0.066 per share in cash

(b) ......

ORDINARY RESOLUTION - PROPOSED DISPOSAL

THAT:

(a) approval be hereby given for the Company to dispose its 75% equity interest in KSB China Holdings Private Limited for a consideration of S$10,572,331 to Chew Ghim Bok, subject to the terms and conditions of the disposal agreement dated 18 June 2013

(b) .......

NOTICE OF EXTRAORDINARY GENERAL MEETING that an Extraordinary General Meeting of Elite KSB Holdings Limited (the ?Company?) will be held at 8 Wilkie Road, #03-01 Wilkie Edge, Singapore 228095 on 29 August 2013 at 10.00 a.m. for the purpose of considering and, if thought fi t, passing with or without modifi cations, the following resolutions:-

NOTICE IS HEREBY GIVEN

SPECIAL RESOLUTION

PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION

(a) the share capital of the Company be reduced by an amount of approximately S$8.94 million and that such reduction be effected and satisfied by returning to shareholders of the Company an amount of S$0.066 per share in cash

(b) ......

ORDINARY RESOLUTION - PROPOSED DISPOSAL

THAT:

(a) approval be hereby given for the Company to dispose its 75% equity interest in KSB China Holdings Private Limited for a consideration of S$10,572,331 to Chew Ghim Bok, subject to the terms and conditions of the disposal agreement dated 18 June 2013

(b) .......

The underlying risk is that the stock may be delisted if there are no more business/RTO.

Wonder who wld buy yr share then say at 30c?

Hope he can find a new business soon (Under RTO)

acjyyy ( Date: 14-Aug-2013 11:16) Posted:

Oh so how does this impact on investors?

WanSiTong ( Date: 14-Aug-2013 11:13) Posted:

From the past records, the Co's CEO normally take over a business with poor system. After radical improvement (both system & Profit), he will sell the whole business together with the staff . Of course with huge profit.

This was also confirmed by him during a recent radio interview.

Oh so how does this impact on investors?

WanSiTong ( Date: 14-Aug-2013 11:13) Posted:

From the past records, the Co's CEO normally take over a business with poor system. After radical improvement (both system & Profit), he will sell the whole business together with the staff . Of course with huge profit.

This was also confirmed by him during a recent radio interview.

6.6c is a good 22% div!! (base on the current price 30c)

huat to all vested =)

Former business was KSB chicken

freedom8 ( Date: 14-Aug-2013 10:30) Posted:

oil and gas

The management of Elite KSB is currently actively exploring potential new business opportunity. The new businesses will have to meet the reverse takeover requirements under Rule 1015 of the Listing Manual within the timeframe provided in Rule 1018, failing which, the Singapore Exchange Securities Trading Limited (the ?

DYODDSGX-ST?) may remove the Company from the Official List of the SGX-ST.

CLARIFICATION ON INTERIM DIVIDEND
The Board of Directors of Elite KSB Holdings Limited (the ?Company" ) wishes to provide additional information in relation to its announcement relating to the Notice of Book Closure Date (?Notice of BCD?) (Announcement No. 00070) released on 26 June 2013.
Pursuant to the Notice of BCD released on 1 February 2013, the Company had on 5 March 2013 distributed an interim tax-exempt (one-tier) dividend of S$0.015 per ordinary share in the capital of the Company (?Share?) for the financial year ending 30 June 2013.
Pursuant to the Notice of BCD released on 26 June 2013, the Company had on 23 July 2013 distributed a second interim tax-exempt (one-tier) dividend of S$0.055 per Share for the financial year ending 30 June 2013.
In addition, as announced on 18 June 2013, the Company also wishes to carry out a proposed capital reduction exercise (?Capital Reduction?), which will involve a cash distribution of S$0.066 per Share. The Capital Reduction shall be subject to, inter alia, the approval of shareholders by way of a special resolution at an extraordinary general meeting (?EGM?) to be convened. A circular setting out further information on, inter alia, the Capital Reduction, together with a notice of the EGM, will be despatched by the Company to shareholders in due course.

Yes, you are right. This 6.6c is capital reduction & it is different from the 5.5c dividend recently paid. Huat ah!

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Elite KSB Holdings Limited (the ?Company?) will be held at 8 Wilkie Road, #03-01 Wilkie Edge, Singapore 228095 on 29 August 2013 at 10.00 a.m. for the purpose of considering and, if thought fi t, passing with or without modifi cations, the following resolutions:-

SPECIAL RESOLUTION ? PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION

THAT pursuant to Section 78A read with Section 78C of the Companies Act (Chapter 50 of Singapore):?

(a) the share capital of the Company be reduced by an amount of approximately S$8.94 million and that such reduction be effected and satisfi ed by returning to shareholders of the Company an amount of S$0.066 per share in cash (the ?

(b) the Directors, Company Secretary and each of them be hereby authorised to take all such steps and do all such acts and things as they or he may deem fi t, necessary and/or expedient to fi nalise, complete, implement and give full effect to the Proposed Capital Reduction.Proposed Capital Reduction?) for each issued and fully paid-up ordinary share in the capital of the Company held as at a books closure date to be determined by the Directors and

ORDINARY RESOLUTION ? PROPOSED DISPOSAL

THAT:

(a) approval be hereby given for the Company to dispose its 75% equity interest in KSB China Holdings Private Limited for a consideration of S$10,572,331 to Chew Ghim Bok, subject to the terms and conditions of the disposal agreement dated 18 June 2013 (the ?

(b) the Directors of the Company be hereby authorised to complete and do all acts and things as they may consider necessary or expedient for the purposes of or in connection with

the Proposed Disposal and to give effect to this Resolution (including but not limited to the execution of other ancillary documents, procurement of third party consents and making

of amendments to the Proposed Disposal) as they shall think fi t and in the interests of the

Company.

By Order of the Board

Chew GhimProposed Disposal?) and

acjyyy ( Date: 15-Jul-2013 17:13) Posted:

but from what i know they are empty shell company. only good if got rto or m& a..

do you have any idea the $0.066 div that they will give is it different from the $0.055 div that they recently give?

expertinvestor ( Date: 15-Jul-2013 17:01) Posted:

This is a very gd stock for dividen

Sorry sifu WanSiTong, if cant open you have to go sgx search for elite ksb announcement on 18 Jun 2013.

@expertinvestor: the reason they give 35c div is because they sell their subsidiary (in china) and use the profit to give as div from what i know, they have no more subsidiary in china. (correct me if im wrong).

Just buy to keep n get dividend. I rmb last year I bought at $0.56. Got the 35 cents dividend. Drop till 30 cents. I still hold . Now dividend $0.066, I still have profit.

Octavia ( Date: 15-Jul-2013 17:14) Posted:

Q for recent 5.5c dividend then but did not get.Can see it have not recovered after XD.

cannot open both??

acjyyy ( Date: 15-Jul-2013 17:27) Posted:

sorry i think use this link instead

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3Months& F=758048#.UePAJztmiSo

acjyyy ( Date: 15-Jul-2013 17:19) Posted:

not too sure if i read it wrongly or not.

here's the link:

http://infopub.sgx.com/FileOpen/EliteKSB_Annt_Disposal-CapReduction.ashx?App=Announcement& FileID=242291

here's another link that talks about div of $0.066

http://leechongmeng.wordpress.com/2013/07/01/elite-ksb-rto/

sorry i think use this link instead

http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3Months& F=758048#.UePAJztmiSo

acjyyy ( Date: 15-Jul-2013 17:19) Posted:

not too sure if i read it wrongly or not.

here's the link:

http://infopub.sgx.com/FileOpen/EliteKSB_Annt_Disposal-CapReduction.ashx?App=Announcement& FileID=242291

here's another link that talks about div of $0.066

http://leechongmeng.wordpress.com/2013/07/01/elite-ksb-rto/

Q for recent 5.5c dividend then but did not get.Can see it have not recovered after XD.

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Elite KSB