"DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."
Name of Announcer *
MEIBAN GROUP LTD
Company Registration No.
198602811M
Announcement submitted on behalf of
MEIBAN GROUP LTD
Announcement is submitted with respect to *
MEIBAN GROUP LTD
Announcement is submitted by *
Lee Pih Peng
Designation *
Company Secretary
Date & Time of Broadcast
05-May-2010 18:24:41
Announcement No.
00113
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Name of Overseas Exchange where Company has Dual Listing (if applicable)
(A) Share Buy-Back Authority
I.
Maximum number of shares authorised for purchase*
33,204,320
(B) Details of Purchases Made
I.
Purchases made by way of market acquisition
Yes
If answer to the above question is Yes, please fill in the following :
Singapore Exchange
Overseas Exchange
1
Date of Purchases
05-05-2010
2a
Total number of shares purchased
716,000
2b
Number of shares cancelled
716,000
2c
Number of shares held as treasury shares
0
3a
Price paid per share# or
Currency : S$
Amount : 0.28849
Currency : [Select Currency]
Amount :
3b
Highest price per share#
Currency : [Select Currency]
Amount :
Currency : [Select Currency]
Amount :
Lowest price per share#
Currency : [Select Currency]
Amount :
Currency : [Select Currency]
Amount :
4
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#
Currency : S$
Amount : 207,216.38
Currency : [Select Currency]
Amount :
# Specify currency
II.
Purchases made by way of off-market acquisition on equal access scheme?
No
If answer to the above question is Yes, please fill in the following :
Singapore Exchange
Overseas Exchange
1
Date of Purchases
2a
Total number of shares purchased
2b
Number of shares cancelled
2c
Number of shares held as treasury shares
3
Price paid or payable per share#
Currency : [Select Currency]
Amount :
Currency : [Select Currency]
Amount :
4
Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares#
Currency : [Select Currency]
Amount :
Currency : [Select Currency]
Amount :
# Specify currency
(C) Cumulative Purchases
By way of market acquisition
By way of off-market acquisition on equal access scheme
Total
No.
% 1
No.
%
No.
%
Cumulative no. of shares purchased to-date 2
716,000
0.22
0
0
716,000
0.22
1 Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution 2 From the date on which the share buy-back mandate is obtained
(D)
Number of issued shares excluding treasury shares after purchase *
"DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."
Even though I have CFD account and I have the ability to short a stock when I notice a downtrend, I DON'T do it too.
Maybe is just me, I don't know. I always feel it is not an etiquette in the stock market to do it ! haa..
Star-Trader
Bon3260 ( Date: 23-Apr-2010 20:22) Posted:
Zhiwei,
There r sm pple dat hv CFD a/c'll usually do tis...
4 e.g. They sell shorts 100 lots Meiban Gp @ 0.335 on 19-Apr-2010 (Mon) b4 XD. & a few days later aft XD, they buy back 100 lots @ 0.300. So dat they can earn $0.035 instead of we getting only $0.02 CD.
I dun advise pple 2 sell shorts, cos v v 黑心. Dat's y I myself dun hv CFD a/c.
Even though I have CFD account and I have the ability to short a stock when I notice a downtrend, I DON'T do it too.
Maybe is just me, I don't know. I always feel it is not an etiquette in the stock market to do it ! haa..
Star-Trader
Bon3260 ( Date: 23-Apr-2010 20:22) Posted:
Zhiwei,
There r sm pple dat hv CFD a/c'll usually do tis...
4 e.g. They sell shorts 100 lots Meiban Gp @ 0.335 on 19-Apr-2010 (Mon) b4 XD. & a few days later aft XD, they buy back 100 lots @ 0.300. So dat they can earn $0.035 instead of we getting only $0.02 CD.
I dun advise pple 2 sell shorts, cos v v 黑心. Dat's y I myself dun hv CFD a/c.
If u hv held on ur Meiban Gp shares on hand overnite till XD dated 20-Apr-2010 (Tue) nxt morning. Dan u can entitle 0.02 divids.
('',)
eeming45 ( Date: 25-Apr-2010 00:07) Posted:
uncle bon,
If u buy sell leduring CD & sell before XD, will u still be entitled for divid on the announced date issued from them ? just clarify .. cos i just started my invest this yr .. thanks!
If u buy sell leduring CD & sell before XD, will u still be entitled for divid on the announced date issued from them ? just clarify .. cos i just started my invest this yr .. thanks!
There r sm pple dat hv CFD a/c'll usually do tis...
4 e.g. They sell shorts 100 lots Meiban Gp @ 0.335 on 19-Apr-2010 (Mon) b4 XD. & a few days later aft XD, they buy back 100 lots @ 0.300. So dat they can earn $0.035 instead of we getting only $0.02 CD.
I dun advise pple 2 sell shorts, cos v v 黑心. Dat's y I myself dun hv CFD a/c.
The proposed final dividend of 1 cent per ordinary share (1-tier) and special dividend of 1 cent per ordinary share (1-tier), if approved at the AGM to be held on 15 April 2010, will be paid on 5 May 2010.
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