The Board of Directors of Nexgram wishes to announce that the SSPA entered between Godynamic Investment Limited (“GIL” or “Vendor”), a 51% owned subsidiary of the Company with True Accurate Limited (“TAL” or “Purchaser”) on 26 April 2013, has been terminated, with effect from 17 June 2014, pursuant to clause 3.3 of the SSPA in particularly the failure of the Purchaser to settle the Purchase Consideration as stated in the SSPA.
The termination of the SSPA is not expected to have any effect on the share capital and substantial shareholders’ shareholding of Nexgram nor have any material effect on the earnings, net assets or gearing of Nexgram for the current financial year.
Alright to discuss, ladies n gentlemen. Avoid creating a bad scene to bring in bad qi n end up in the lose-lose situation. A positive qi will bring us conducive environment for prosperous ventures.
Been holding quite some times already.Doesn't seem like it's going to move anytime soon.Unless the got like very very good quarter result (due announce next week I suppose).I'm quite sure there are a lot of people holding this share waiting it to burst.
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....
TuaHuat
1,462 posts
Posted by TuaHuat > 2014-06-18 15:17 | Report Abuse
He is on his way .... coming soon