Yongnam   

Yong nam

heavily vested. no problem. bright future!

 

Good news for Yong Nam

YONGNAM HOLDINGS LIMITED'S WHOLLY-OWNED SUBSIDIARY, YONGNAM ENGINEERING & CONSTRUCTION (PRIVATE) LIMITED SIGNS SYNDICATED FACILITIES FOR S$100 MILLION FINANCING PACKAGE  

 

Alot of changing hand here .. means in good way :)

 

Stock name: Yongnam W121214.

 

FYI those who placed for YN warrants.

ALLOTMENT OF WARRANTS 2012 PURSUANT TO RIGHTS ISSUE.

365,131,494 Warrants have been allotted and issued by the Company pursuant to the Rights Issue.

The Warrants will be listed and quoted on the Official List of the SGX-ST with effect from 9.00 a.m. on 21 December 2007.

 

Is Yongnam undervalued at this price of $0.315 ? Its got a huge order book right ?

 

 

Hi, I read from some posts that it takes 5 days for conversion of warrant to mother shares. IN other places I read that warrant must be exercised  5 days before the expiry date.

Can some kind people explain how long is the time of conversion?

Thank you 

 

I cut and paste from the prospectus.

PROCEDURE FOR EXERCISE OF WARRANTS

(a) Lodgement Conditions

In order to exercise one (1) or more Warrants, a Warrant Holder must before 3.00 p.m. on any Business Day during the Exercise Period and before 5.00 p.m. on the Expiry Date, fulfill the following conditions:

(i) lodgement of the relevant Warrant Certificate registered in the name of the exercising Warrant Holder or CDP (as the case may be) for exercise at the specified office for the time being of the Warrant Agent together with the Exercise Notice (copies of which may be obtained from the Warrant Agent or the Company) in respect of the Warrants represented thereby, duly completed and signed by or on behalf of the exercising Warrant Holder and duly stamped in accordance with any law for the time being in force relating to stamp duty, provided always that the Warrant Agent may dispense with or defer the production of the relevant Warrant Certificate where such Warrant Certificate is registered in the name of CDP;

(ii) the furnishing of such evidence (if any) as the Warrant Agent may require to determine or verify the due execution of the Exercise Notice by or on behalf of the exercising Warrant Holder (including every joint Warrant Holder, if any) or otherwise to ensure the due exercise of the Warrants and such other evidence as the Company may require to verify due compliance with and for the purposes of administering and implementing the provisions set out in these Warrant Conditions;

(iii) the payment or satisfaction of the Exercise Price in accordance with the provisions of Warrant Condition 4(b) below;

(iv) the payment of deposit or other fees or expenses for the time being chargeable by, and payable to, CDP (if any) or any stamp, issue, registration or other similar taxes or duties arising on the exercise of the relevant Warrant(s) as the Warrant Agent may require; and

(v) if applicable, the payment of the expenses for, and the submission of any necessary documents required in order to effect, the registration of the new Shares in the name of the exercising Warrant Holder or CDP (as the case may be) and the delivery of certificates for such new Shares and any property or other securities to be delivered upon exercise of the relevant Warrants to the place specified by the exercising Warrant Holder in the Exercise Notice or to the Depositor (as the case may be).

Warrant Agent:

Tricor Barbinder Share Registration Services

8 Cross Street

#11-00 PWC Building

Singapore 048424

In summary, after you got your warrants share, you can start trading the warrant in open market or you can exercise it to convert to mother share by sending wwarrant certificate to the warrant agent. It takes some time for the conversion though.

 

Hi Pinnacle, i stayed faithful though. haha. just wanna know how can we change the warrants rights to mother shares..can it be done anytime? thanks

 

Those who stay faithful and subscribed to the rights will be happy to see that YN is moving up again.

 

trading over for nil-paid rights.  start from 3 cents, end today at 6 cents

	Yongnam		0.305	-	-	8,129	814	0.305	0.310	945	0.320	0.305	CONS
	Yongnam R		0.060	+0.010	+20.0	16,102	834	0.055	0.060	202	0.060	0.050	CONS
	Yongnam R300		0.060	+0.010	+20.0	651	41	0.055	0.060	9	0.060	0.050	CONS

 

 

Gentle reminder.

Today is the last day of trading for nil-paid rights entitlement.

 

 

 

Read following, cut from Oct 18 document: 

care should be taken: 1.  NO guarantee that you are allocated excess rights application. 2. Paid in FULL at point of application.

hope this helps


2
at least five (5) market days prior to the Books Closure Date, provided to the Company or
CDP, as the case may be, addresses in Singapore for the service of notices and documents
("Entitled Shareholders"). Fractional entitlements to the Warrants will be disregarded
and will, together with the provisional allotments which are not taken up or allotted for
any reason, be aggregated and allotted to satisfy excess applications (if any), or disposed
of or otherwise dealt with in such manner as the Directors may, in their absolute
discretion, deem fit.


The Warrants will be payable in full upon acceptance and application. Entitled
Shareholders will be at liberty to accept, decline or otherwise renounce or trade their
provisional allotments of Warrants and will be eligible to apply for additional Warrants in
excess of their provisional allotments under the Rights Issue. In the allotment of excess
Warrants, preference will be given to Shareholders for rounding of odd lots, and
substantial Shareholders and Directors will rank last in priority.

 

I did not read the everything in the booklet, hence maybe tiandi can correct me if I'm wrong.

But i'm certain that priority for excess share will be allocated to those who do not have full lot, but applied for excess to make up full lot.

If I'm not wrong, those who do not have full lot will get the refund for the odd shares. Hence, you may get the refund for 200 share plus excess share applied if your application is unsuccessful. You will only be charge on the 1 lot.

 

Hi limhpp,

Thanks!

Does that means i will be guarantee to get 2000? then how much do i need to pay?

0.03 * 2000? but i am only allocated 1200.

What if i am not given the additional 800 and having the number of shares to be odd figure like 1200?

Advise pls.

 

Hi loyfam88 and darzren

The first time is the rights you entitled and the second time is the additional you wanted.

For example, if you are entitled to1200 rights, you may keyin the additional 800 rights to round up to 2000 shares.

Hope its help...

 

Have a question to those who applied via the atm machine.

I tried yesterday and it seems that there was twice that I was asked to key in the quantity. 1st is to accept the rights allocated and 2nd time I can't recall for what. When I tried to key in the same quantity, it added up together at the end.

Pls advise what should be the correct way?

 

Advice needed,

Example i bought 4 lots of mother shares and are entitle to have 1200 rights. I converted all 1200 to warrants and then mother shares.

So in total i would have 5200 mother shares. Can i sell the 200 shares? i thought we are supposed to sell in 1000?

Pls advised. Thanks.

 

thanks pinnacle! ")

 

If you do not have CDP account, its not possible for you to buy any share.

Then how do you get the YN mother shares in the first place?

I will assume that you mean you do not have the internet login access.

I believe you can call up CDP to check your allocation, but the figure stated in the big envelope should be very accurate.