Basically I don't really bother by downtrend or uptrend for this week. What I know it is in uptrend mode. Downtrend I will buy more, uptrend I just happy for it.
Volumn is decreasing when price down little bit.. Personally feel is a good sign cause current price is still above 20days moving average and at upper level of bullinger band.. I think Breakout may happen soon...
The Board of Directors of RIB wishes to announce that its indirect subsidiary, REDtone Telecommunications China Limited (“REDtone China”), had via its wholly owned subsidiary, Shanghai Huitong Telecommunications Co., Ltd. (“Shanghai Huitong”), subscribed for the equity interests in the following new subsidiaries incorporated in The People's Republic of China: (i) subscription of 49.8% equity interest in Shanghai YuZhong Financial Information Service Co., Ltd. (“Shanghai YuZhong”) for shares subscription of RMB398,400 on 11 September 2014; and (ii) subscription of 20% equity interest in Shanghai YuGuang Automobile Inspection Technology Co., Ltd (“Shanghai YuGuang”) for shares subscription of RMB200,000 on 11 September 2014; (collectively referred to as “Investment”). Shanghai YuZhong and Shanghai YuGuang will be consolidated as subsidiaries of RIB through Shanghai Huitong pursuant to MFRS 10: Consolidated Financial Statements. Background information of Shanghai Huitong Shanghai Huitong, a private limited company incorporated under the laws of the People's Republic of China (“PRC”) on 26 March 2007, is a wholly owned subsidiary of REDtone China. Shanghai Huitong is principally involved in the marketing and distribution of IP call and discounted call services. Background information of Shanghai YuZhong Shanghai YuZhong is a private limited company incorporated under the laws of the PRC on 16 July 2014, with a registered capital of RMB800,000. The principal activity of Shanghai YuZhong is provision of financial information, engaged in technology development in the field of information technology, technical services, technical consulting, technology transfer, investment management and investment advisory, (except brokers). The subsidiaries of Shanghai YuZhong are listed in Appendix I below. None of the Directors and/or major shareholders of RIB or persons connected to them are related to Shanghai YuZhong. Background information of Shanghai YuGuang Shanghai YuGuang is a private limited company incorporated under the laws of the PRC on 17 July 2014, with a registered capital of RMB1,000,000. The principal activity of Shanghai YuGuang is provision of technology research and transfer, technical consulting and services, computer hardware and software development and sales of automotive testing equipment, (except computer information system security specific products) in the field of automotive. None of the Directors and/or major shareholders of RIB or persons connected to them are related to Shanghai YuGuang. Financial Effects The Investment does not have any effect on RIB’s issued and paid-up share capital and substantial shareholders’ shareholdings. The Investment is expected to contribute positively to the earnings and net assets of the RIB Group for the current financial year ending 31 May 2015. Moving forward, the potential profit contribution from the investment is epxected to enhance the future earnings of the Group. Rationale The Investment will allow the RIB Group to enter into a one-stop motor vehicle inspection business in Taizhou City, Jiangsu Province, PRC, and comes from the PRC government’s initiatives. REDtone China with her management experience and know-how, marketing knowledge and ICT capabilities, will be able to contribute positively to the venture. This venture will contribute to RIB Group’s long term revenue and profits, and enhance RIB’s growth potential via China’s subsidiaries. In addition, the long term stable income stream derived from the venture will provide diversification of RIB Group’s business in PRC. Approvals Required
The Investment is not subject to the approval of the shareholders of the Company or any other relevant authorities in Malaysia except for the approval of the relevant authorities in the PRC. Interest of Directors and/or Major Shareholders None of the Directors and/or major shareholders or persons connected to them, have any interest, direct or indirect in the Investment. This announcement is dated 18 September 2014.
Today is 30th Sep., end of the month, somebody is doing the portfolio rebalancing, big buyer is waiting at 79.0 sen now, no worry. In fact it is good, can flush out some weak holders.
yes.... finally I got the amount of shares I want, price between 75.0 & 76.5 sen, not much, roughly only a quarter of Dato' Wei's purchases.... haha. Now waiting for good news to come!
I believe something big is coming but just because of current market sentiments, the announcement is hold back. The movement of the share price on last Friday is telling us something, the buyers Q was good (each bit few thousand) and at one time just before lunch, it was chased up to 79.5 sen. No announcement of Dato buying but only one director buying on Thursday. SO who was buying on Friday? Market players or someone collecting further?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
alex_theking
541 posts
Posted by alex_theking > 2014-09-17 11:46 | Report Abuse
no comment yanxuan8...
for me... down trend for tis week,, up to u ...uptrend,, uptrend lah