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great news, JF Asset bought 14347 lots fiberchem, say average price is 0.73 , that's >10 millions dollars investment
MOU sign - nut still alot of work to do lah
could be 1 mth away at least
Shortists, does this affect you?!
BEIJING, Jan 23 - China has signed a memorandum of understanding with Singapore allowing approved banks to invest their clients' money in the city state's equities markets, the banking regulator said on Wednesday.
The China Banking Regulatory Commission said it is negotiating similar arrangements with Japan, Germany and the United States.
To date Chinese banks are permitted to invest their customers' money only in Hong Kong and Britain.
The CBRC permitted banks last year to start investing client funds in overseas securities as part of China's Qualified Domestic Institutional Investor programme.
China's currency regulator has so far allocated 23 banks a combined quota of $16.1 billion.
1.14 ?! same price as august 17 !
all textile company in the red today except for this baby. cheong ah......
can anyone make a comparison of fibrechem with sinofibre?
Jackjames,
If you own the shares when it was CR, you own the rights to subscribe for NCPS.
Fibrechem subsequently applied to SGX for shareholders (like me) who do not wish to subscribe for NCPS to sell our right in the open market. The right was easily calculated since every 4 ordinary shares give rise to 1 NCPS.
What you did was subscribing for NCPS. So now you are the owner of preference shares, and not rights. You should go read up on the DBS report. Hope this helps! =)
boonhow65, care to explain more? as i received the orange application for rights application, and i just apply the rights through ATM last week, as the expiry date for application is last week, how to sell the rights without knowing the rights given is confirmed? or we can actually sell without the confirmation letter?
NCPS is ? how does the rights 0.50 convert to ordinary shares ? any dates?
Jackjames,
The opportunity to sell the rights is over. I sold mine about 2 weeks ago. By now, you would have to exercise your option to buy the NCPS, if not it will expire worthless.
Do note that the NCPS minimum holding period is 18 months, convertible to ordinary shares at the discretion of the company.
Anyone receive their rights confirmation?
I want to sell my rights before the price drop, arrggh...
I wonder if Fibrechem will lose steam, or continue to choing up given the rumors on influx of China fund. Any TA expert can comment on the indicators?
The way I see it, there's seem to be no major resistance except the previous high of 1.77
Huat ar ! Huat ar !
Anyone received their right application approval?
I am entitled for 2250 shares, but, I apply more... but I have not received the confirmation yet.. that's why cannot sell our $0.50 cents share, ha ha..
looking at the value of fiberchem now, say 1.58 per share.... (1.58 - 0.50 ) x 1000 = SGD 1080 gain for 1 lot, ha ha.... good money gentleman..
| RIGHTS | 4 Sep 2007 | 6 Sep 2007 | 1NCPS FOR 4 SH OFFER OF 1 FOR 4 @ $0.5 |
Can anyone explain how to exercise this right ? sth like Genting R again?
Any Idea about its Rights Status ? Its showing a CR today....
vested today at 1.30 , wish me luck .
Why the sudden slip of price?
what's the good news?
now it is 1.73!!!! I think it would take a breather around 1.75
will it go up $2.00?