OLS Enterprise   

Transcu

Well it is good to clarify their stands, and move forward to the AGM on the 28 June 2013.

RESPONSE TO SGX’S QUERIES ON THE COMPANY’S ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 21 MARCH 2012

SGX-ST’s Query 1:
We note on page 34 of the Company’s annual report that “the AC, with the assistance of the
internal auditors, has reviewed, and the Board believes that, in the absence of any evidence
to the contrary, the system of internal controls maintained by the Group’s management
throughout the financial year ended 31 March 2012 up to the date of this report is adequate
to meet the needs of the Group in its current business environment”. Please review the
above disclosure to be in accordance with Rule 1207(10) and clarify whether the Board and
the AC are of the view that the Company’s internal controls addressing financial, operational,
compliance risks and risk management processes are adequate. For the purpose of
complying with Listing Rule 1207(10) please note that there should not be a disclaimer on
" absence of any evidence to the contrary" in the opinion. In this respect, please provide a
clean opinion that is in compliance with Listing Rule 1207(10).


The Company’s Response:
The Company refers to the statements made on the Group’s internal controls as set out
under the section entitled “Principle 12: The Board should ensure that the management
maintains a sound system of internal controls to safeguard shareholders’ investments and
the company’s assets.” on page 34 of the Annual Report and confirms the following opinion,
in compliance with Listing Rule 1207(10):
Based on the various management controls put in place and the reports from the external
auditors, and the assurance from the management, the Board with the concurrence of the
AC, is of the opinion that the system of internal controls in place is adequate to address in all
material respects the financial, operational and compliance risks within the current scope of
the Group’s business operations.


SGX-ST’s Query 2:
On page 36 of the Company’s annual report pertaining to the Company's disclosure on
dealing in securities, please clarify whether the Company is also prohibited from dealing in
the Company’s securities during the said blackout period pursuant to Rule 1207(19)(c).


The Company’s Response:
The Board confirmed that the Company is also prohibited from trading in the Company’s
securities at least two (2) weeks before the announcement of the Company’s quarterly and
half-year financial results and one month before the announcement of the Company’s fullyear
financial results until the day of the release of the announcement.


By Order of the Board
TRANSCU GROUP LIMITED
Lawrence Komo
Chief Executive Officer
13 June 2013

 

There is no news from SGX, but be prepared for some updates and announcement. I will go with Belteshazzar " said good bye to bottom" . Cheers

height00      ( Date: 12-Jun-2013 23:11) Posted: Some news come out from SGX JMS213      ( Date: 12-Jun-2013 10:44) Posted: Something good is going to happen, and something good is in store ..... watch as events unfold. Cheers

 

Must be bad news ..... if not why price went down??

 

Some news come out from SGX

JMS213      ( Date: 12-Jun-2013 10:44) Posted: Something good is going to happen, and something good is in store ..... watch as events unfold. Cheers  Belteshazzar      ( Date: 11-Jun-2013 10:54) Posted: good bye to bottom

 

Something good is going to happen, and something good is in store ..... watch as events unfold. Cheers 

Belteshazzar      ( Date: 11-Jun-2013 10:54) Posted: good bye to bottom

 

good bye to bottom

 

Good buy or Good bye?

oldflyingfox      ( Date: 11-Jun-2013 10:20) Posted: AGM on 28 June, the present price of 1.2 cts is a good buy now.

 

AGM on 28 June, the present price of 1.2 cts is a good buy now.

 

back to b4 announcement... $$$

 

Heng ah !! boh boey listen to you i go holland already. ban ban dan maybe one day it will ri..se 

T2LE56      ( Date: 07-Jun-2013 08:38) Posted: UPRR18, you should buy, positive news is going to be announced. Have fun !!

 

UPRR18, you should buy, positive news is going to be announced. Have fun !!

 

Sometimes even after sell away this d'ling still miss her. Very mixed feeling .... why the subscriber take up more shares ??? leh

Maybe veteran tomique is correct leh ..... aiyah .... let me think, hand itchy itchy

T2LE56      ( Date: 04-Jun-2013 20:31) Posted: I think Veteran Tomique is correct, the subscriber is showing faith in the BBs. " The Board wishes to announce that the Subscriber has on 29 May 2013, in accordance with the Conditions, exercised its right to convert S$660,000 in value of the Convertible Bonds into 57,291,667 new shares of the Company (the “Converted New Shares”), at the conversion price of S$0.01152 for each Converted New Share."

 

Either 3 yrs in lost or less then 40 million will be black list

 

If that bad market will reacted earlier

 

Don't think it will be placed on watchlist as it has market cap of > $40 million.

Believe next reporting may be better. 

hongxianfeng      ( Date: 05-Jun-2013 07:30) Posted: What will happen to transcu when under Sgx watch list? What to do to withdraw from watch list!

 

What will happen to transcu when under Sgx watch list? What to do to withdraw from watch list!

 

Very much agreed with these facts that the parties are related or inter-related.   That could be the cause of the market not enthused by the sale of BME machines as investors are skeptical of the genuineness of the transactions.  

However, business is business and a buy and sell agreement is made between 2 parties who happened to be related, each party has still to honour the deal.

Let us as shareholders hope that Forest Pine would be able to take delivery of the machines and pay for them and provide its own services to clean up nuclear contamination in Japan and gets paid for the services. In turn FP could distribute for BME to their customers.

hongxianfeng      ( Date: 04-Jun-2013 22:15) Posted: Transcu: Akihiko Matsumura is Executive director and CEO Transcu own BME Forest Pine Energy Inc: Akihiko Matsumura CEO Owner of company   Forest Pine Energy deal machine with BME, BME belong to Transcu    All is inter-relation. It is just playing book game, money transfer here and there   Agreed?

 

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=140310014

 

Transcu: Akihiko Matsumura is Executive director and CEO

Transcu own BME

Forest Pine Energy Inc: Akihiko Matsumura CEO Owner of company

  Forest Pine Energy deal machine with BME, BME belong to Transcu 

  All is inter-relation.

It is just playing book game, money transfer here and there

 

Agreed? 

 

I think Veteran Tomique is correct, the subscriber is showing faith in the BBs.

" The Board wishes to announce that the Subscriber has on 29 May 2013, in accordance with the Conditions, exercised its right to convert S$660,000 in value of the Convertible Bonds into 57,291,667 new shares of the Company (the “Converted New Shares”), at the conversion price of S$0.01152 for each Converted New Share."