Bro look at my previous post about Ricky Wong and the existing major shareholders. They dont get along fine that is why the GO is called off. Why the company need to do a private placement ? and the do a buy back ?and also acquire the remaining balance of the sunsidiary ? is all heading to take money out of the company and dilute the shareholding of Ricky . Hope is free and yet time consuming .Better to sell and focus on more straight forward company
actually, this one not too bad lah .... they plan 10% private placement, means somebody willing to inject capital + although earning not much, is not loss making .....
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
kuihmoi
315 posts
Posted by kuihmoi > 2014-05-22 12:12 | Report Abuse
I am the one selling down today . Dont take new position if you think is cheap . I heard a deal turn sour