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It is not a good news or bad news, as interested invester, how much are they paying for the new shares, if lower price then current, it will dilute the share. What will the money be used in, all this was still unidentify, thus it is not really a good or bad news. Trading halt not nessary to release immediately, but if trading halt really happen, and for days, just check the price and volume, if there is certain major changes, then you can roughtly predicted the type of news that you will be expecting. As it will not be full proof without leakage before the halt take place.
There are alot of short-seller out there in the market to create fear out of nothing, inorder to scavange short terms benefits, thus if you decide to be an invester, need to take your own judgement and decision.
happyharvest ( Date: 18-Jan-2013 22:56) Posted:
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I think if this scenario play out still better than auditor caught them cheating, at least can delay for the rally to take us out.
If accounting problem again, then s-chip rally is over, i think so.
kelvinLim123 ( Date: 19-Jan-2013 00:29) Posted:
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If you are vested here, to late to worry, what can worry do?
Just write it off, me vested here too.
But profit from this rally is more than enough to write off the losses,
but as again , who is happy that this happen,. less profit also not shiok, right.
just hope that this event will not stop other s-chip from taking off.
hope you all have make profit enough to make your losses here small.
worry also useless, high risk , high gain.
Office caught fire, document lost in the blaze?? Thus need longer time to for police to finish investigation and so take longer to report to SGX.
Maybe document got stolen, and cannot make annual report, got to get invoices form all customer, or What???
I think 80% good on the bad side.
Ask yourself as an invester on it, did u feel scary when it likes no answer for past few days? The announcement made is to cover the real ugly fact behind? Do investers lost confident on it? Personally think that no point taking risk further. It is a chance given to exit.
happyharvest ( Date: 18-Jan-2013 22:56) Posted:
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it seems good news to me..anyone can advise on the potential impact on share price..
also another thing is why must they drag for 1 wk to rls news.
But is subscription of new shares leh? Meanin possible of share dilution? Like that probably is down. Not vested
hahaha i'm stuck in this stock since the dual listing days so hopefully it cheong, fingers crossed.
but looking at how all the penny stocks rocket after news of placement/new investors, i guess chinantown will follow the trend too? haha hopefully the new investors are some big names though
Flyordie ( Date: 18-Jan-2013 21:50) Posted:
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Cheong??!!!
hahahaha...Pray hard for it never drop to 0.05.
monday cheong ahh!
Flyordie ( Date: 18-Jan-2013 21:30) Posted:
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This announcement is made by China New Town Development Company Limited (the
“Company”) pursuant to Part XIVA of the Securities and Futures Ordinance of Hong Kong
and Rule 13.09 of The Rules Governing the Listing of Securities on The Stock Exchange of
Hong Kong Limited (the “SEHK”).
The board of directors (the “Board”) of the Company wishes to inform its shareholders that
the Company is currently in discussions with several independent third parties (the
“Investors”) regarding the possible investment in the Company in the form of subscription of
new shares. As at the date of this announcement, no agreements have been reached and
neither any non-binding letter of intent nor binding agreement has been signed by the
Company. It is uncertain whether subsequent discussions with such Investors will lead to a
materialization of the possible investment in the Company. Shareholders and investors of
the Company are advised to exercise caution when dealing in the shares of the
Company.
The Board confirms that, save for the above, the Board is not aware of any information which
must be announced to avoid a false market in the Company’s securities or of any inside
information that needs to be disclosed under Part XIVA of the Securities and Futures
Ordinance of Hong Kong.
At the request of the Company, trading in the shares of the Company on the SEHK and the
Singapore Exchange Securities Trading Limited (the “SGX”) was suspended with effect from
1:15 p.m. and 1:25 p.m. on 14 January 2013 respectively pending the release of this
announcement. The Company intends to apply to the SEHK and the SGX for the resumption
of trading in the shares of the Company on SEHK and SGX respectively with effect from 9:00
a.m. on Monday, 21 January 2013.
if fraud, by now it will announce suspension by now. i dun therer such company in sgx has trading halt for so long without announcing suspension.
Nopainnogain ( Date: 18-Jan-2013 18:57) Posted:
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China New Town... bye.. I think another fraud
The boss went to Macao casino on 13th and...
happyharvest ( Date: 18-Jan-2013 18:41) Posted:
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is it possible that china new town close shop and management and staffs all run away? so no one to post news.. lol
This is crap. The management refuses to reveal a tiny bit of information out till now. Duno what is cooking inside!! :@
99.9% up lory...
1st S chip up lorry in 2013...
For kingsmen case..how come they can continue the trading? So lucky, still can get money back, only suffered huge loss.
???? so??? any related to ChinaNtown????
Octavia ( Date: 18-Jan-2013 13:45) Posted:
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