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Retail investors who don't know how to read properly are doomed to die on the stock market.
No i think you got it wrong. HKD0.04 is for the paid up capital of the Company. If you look at the previous alloted 842,125,000 shares, they are also worth HKD0.04 per share. This is purely for the financial numbers in the BS.
If taken literally at HKD0.04 per placement share, the total proceed will amount to less than 1 million SGD, which does not equate to the approximately 20 million SGD mentioned in the announcement.
Nope. you were right. 120,000,000 shares are placed at HKD$0.04 by China Sports on 22nd Jan 2010.
stockseeker ( Date: 23-Jan-2010 15:22) Posted:
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ronleech ( Date: 23-Jan-2010 15:04) Posted:
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Sorry.....wrong infor.....read too many article this morning...all got jam up.....
ronleech ( Date: 23-Jan-2010 14:57) Posted:
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Placed only at HKD0.04/share....for 120,000,000 shares....guess blood will flow when it open on monday....comparing HKD 0.04 (less then 1SG cts) to the current 20Cts on STI......???
so is this still a good buy when the mkt re-open?
?
Set to open at 19.
Medium term buy ok as there will be World Cup and Asian Games this year.
Maybe another dual listing
yea man. im rather disappointed with the placement thing too. I thought it would be a better idea to use money from their hoard of cash for this urgent need (the FIFA distribution networks need to be set up fast). To fund their new factory and other expansion, they could then apply for a dual listing in hk since these investments would not require large amounts of cash in the very short time. This would be better for shareholders.
but still, i guess it would have too big an impact. as Centaur said, a few months back they had rights for 10 cents each but the prices of chinasports shares didnt dip and instead rose a little.
Actually, do u noe wat was dat meant 4 huh?
Bon3260 ( Date: 31-Dec-2009 17:08) Posted:
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http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/BF7423E6888E66A6482576B3002E419B/$File/OIS_China%20Sports%20Int%20(220110).pdf
Placement Agent
Placement Shares
Placed Shares
Placement Price
teeth53 just sharing info and thot: here my explaination, hope it help.
PLACED SHARES is S$20 million, is very easy to manage, traded px will move beyond 0.20ct
it wont happen :) it will stay 0.2x
lionsword87 ( Date: 22-Jan-2010 21:10) Posted:
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Hi, can u kindly explain y it will be $0.18cts when it open ?
ly1968 ( Date: 22-Jan-2010 21:03) Posted:
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Siao liao meaning it will open at $0.18cts when halt is lifted,sad sad sad ......
. . . .... (*.*) . . .
Date & Time of Broadcast 22-Jan-2010 16:21:57
CHINA SPORTS INTERNATIONAL LIMITED
PROPOSED PLACEMENT OF UP TO 120,000,000 ORDINARY SHARES IN THE CAPITAL
OF CHINA SPORTS INTERNATIONAL LIMITED (THE “PLACEMENT”)
1. INTRODUCTION
1.1 The Directors of the Company wish to announce that the Company had on 22
January 2010 entered into a placement agreement (“Placement Agreement”) with
UOB Kay Hian Private Limited (the "Placement Agent”) pursuant to which the
Placement Agent has agreed, on a best endeavours basis, to procure subscribers for
up to 120,000,000 ordinary shares in the capital of the Company (“Placement Shares”)
at the placement price of S$0.18 per Placement Share (“Placement Price”)
(“Placement”).
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_18819922E49686B5482576B3002C6383/$file/CSI_Placement_Announcement-220110.pdf?openele
maybe u guys can go to sgx to check their announcement and to understand more about the purpose of the placement.
do your homework guys
At least this time round, they value this counter higher. Some time back, the rights issues is only 10cents.
For me, the news not as bad as you guys said. Once the price drops, I will collect more and this is a good share to keep.
oh ya.. they got the deal for that..
leolim818 ( Date: 22-Jan-2010 17:28) Posted:
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