YZJ Shipbldg SGD    Last:3.17   -

Cruising with the ship ..Yangzijiang

Looks like SCM belief that YZJ already obtained what they, YZJ wants from Baker Tech.

Sounds like SCM belief that 15% of PPL Shipyard for US$155 million is just a payoff.

CheongCK      ( Date: 15-May-2010 23:20) Posted: SEMBCORP MARINE LTD COMMENCES PROCEEDINGS AGAINST PPL HOLDINGS PTE LTD   Singapore, May 15, 2010 : The Company has today commenced proceedings in the High Court of Singapore against PPL Holdings Pte Ltd ("PPLH") and its wholly owned subsidiary E-Interface Holdings Limited ("E-Interface").   It has asked the High Court to rule that the Joint Venture Agreement between the Company and PPLH dated 9 April 2001 ("JVA") is no longer in force, to direct PPL Holdings and E-Interface to transfer the remaining 15 per cent of the shares in PPL Shipyard Pte Ltd to the Company against payment of the sum of S$59,433,522 and to order them to pay damages for disclosing or causing to disclose confidential information of PPL Shipyard Pte Ltd to Yangzijiang Shipbuilding (Holdings) Ltd in breach of the JVA.

 

 

As a bystander, objectively speaking, if both sides suffer greatly, competitors will benefit. And who r these competitors?

 

true words indeed, and its going to be profitable this year so fundamentally, we are in a nice cruise hehe

CheongCK      ( Date: 14-May-2010 16:05) Posted: Life goes on. As long as YZJ stay profitable, price go up sooner or later, dividend will be issued. wishbone      ( Date: 14-May-2010 15:48) Posted: Whatever it is. Definitely going to be a long battle and both parties will suffer.

 

Life goes on.

As long as YZJ stay profitable, price go up sooner or later, dividend will be issued.

wishbone      ( Date: 14-May-2010 15:48) Posted: Whatever it is. Definitely going to be a long battle and both parties will suffer.

 

Whatever it is. Definitely going to be a long battle and both parties will suffer.

 

The Board has sought legal advice on the matter and is of the view that SCM's attempt at terminating the Joint Venture Agreement is baseless.

L.....      ( Date: 14-May-2010 15:40) Posted: The Board of Directors of Baker Technology Limited (the “Company”) refers to the announcements dated 17 April 2010, 23 April 2010 and 29 April 2010 (the “Earlier Announcements”) in relation to the Proposed Disposal. Capitalised terms used in this announcement shall have the same meanings as defined in the Earlier Announcements unless the context requires otherwise. The Company wishes to announce that PPLH, its wholly owned subsidiary, has received a letter from SCM purporting to terminate the Joint Venture Agreement dated 9 April 2001 entered into between PPLH and SCM (the "Joint Venture Agreement"), alleging, inter alia, repudiation of the Joint Venture Agreement by PPLH on the grounds of breach of contract of the Joint Venture Agreement as well as the Company's acceptance of the Purchaser's offer to purchase from the Company the entire issued shares in the capital of PPLH. The Board has sought legal advice on the matter and is of the view that SCM's attempt at terminating the Joint Venture Agreement is baseless. PPLH nominated directors will continue to manage and operate the day to day business of PPL Shipyard in accordance with the Joint Venture Agreement. The Company will keep Shareholders apprised of any material developments, where appropriate. By Order of the Board Baker Technology Limited Aw Seok Chin Company Secretary 13 May 2010

 

The Board of Directors of Baker Technology Limited (the “Company”) refers to the announcements dated 17 April 2010, 23 April 2010 and 29 April 2010 (the “Earlier Announcements”) in relation to the Proposed Disposal. Capitalised terms used in this announcement shall have the same meanings as defined in the Earlier Announcements unless the context requires otherwise. The Company wishes to announce that PPLH, its wholly owned subsidiary, has received a letter from SCM purporting to terminate the Joint Venture Agreement dated 9 April 2001 entered into between PPLH and SCM (the "Joint Venture Agreement"), alleging, inter alia, repudiation of the Joint Venture Agreement by PPLH on the grounds of breach of contract of the Joint Venture Agreement as well as the Company's acceptance of the Purchaser's offer to purchase from the Company the entire issued shares in the capital of PPLH. The Board has sought legal advice on the matter and is of the view that SCM's attempt at terminating the Joint Venture Agreement is baseless. PPLH nominated directors will continue to manage and operate the day to day business of PPL Shipyard in accordance with the Joint Venture Agreement. The Company will keep Shareholders apprised of any material developments, where appropriate. By Order of the Board Baker Technology Limited Aw Seok Chin Company Secretary 13 May 2010

 

all...kanna drag from Genting.... what the fish....

 

r u asking all of us to sell?????

Joe2020      ( Date: 14-May-2010 15:15) Posted: One of the distinguish character of a success man is patience. The oracles is now taking a break to allow children, women, sick and old passengers to disembark because when the oracles decide it is a bloody war.....Those who stand in the way shall be crushed.....Nevertheless, they are given ample time and warning to fight alongside not agaist the committee of Oracles..... Dont say we did not warn you L.....      ( Date: 14-May-2010 15:02) Posted: it needs to break decisvely else, we will not see a clear uptrend now its trading in a range bound

 

One of the distinguish character of a success man is patience. The oracles is now taking a break to allow children, women, sick and old passengers to disembark because when the oracles decide it is a bloody war.....Those who stand in the way shall be crushed.....Nevertheless, they are given ample time and warning to fight alongside not agaist the committee of Oracles.....

Dont say we did not warn you

L.....      ( Date: 14-May-2010 15:02) Posted: it needs to break decisvely else, we will not see a clear uptrend now its trading in a range bound maxcty      ( Date: 14-May-2010 15:00) Posted: ya loh..once break hope to see this FLYYYY~~~

 

it needs to break decisvely else, we will not see a clear uptrend

now its trading in a range bound

maxcty      ( Date: 14-May-2010 15:00) Posted: ya loh..once break hope to see this FLYYYY~~~ L.....      ( Date: 14-May-2010 14:59) Posted: its so tough to break 1.35!!!!!!!!!!!!

 

ya loh..once break hope to see this FLYYYY~~~

L.....      ( Date: 14-May-2010 14:59) Posted: its so tough to break 1.35!!!!!!!!!!!!! ozone2002      ( Date: 14-May-2010 14:53) Posted: chiong ah!!! again..1.36

 

its so tough to break 1.35!!!!!!!!!!!!!

ozone2002      ( Date: 14-May-2010 14:53) Posted: chiong ah!!! again..1.36

 

chiong ah!!! again..1.36

 

means what???

Joe2020      ( Date: 14-May-2010 14:14) Posted: Are you guys ready to cross the 7 seas with the Oracles?

 

Are you guys ready to cross the 7 seas with the Oracles?

 

The committee have not decided to mobilize the full team of BB or partially....wait for my signal

L.....      ( Date: 14-May-2010 11:30) Posted: today is so quiet, guess the BBs are on leave... cruise can finally sail in peaceful waters

 

today is so quiet, guess the BBs are on leave... cruise can finally sail in peaceful waters

 

yaya u say many times liao hahahhahaha in didnt forget what u say

so committee got how many people? are they humans or from middle earth?? hahahaha

Joe2020      ( Date: 13-May-2010 17:24) Posted: You are right! Didn't I tell you the committee decide? hahahaha L.....      ( Date: 13-May-2010 17:18) Posted: u 1 person short whole mkt ah are u warren buffett?   aiya relax, if A short, there may be B that is buying... if u keep faith u will be rewarded no man control the whole mkt unless u tell me u cause dow to that day -1000 lor then i kowtow to u hahah