Equation Summit Ltd *Official* (SGX:532)

[Perisher]

Few days ago up 200%, today up 42%.
Volume is super high due partly to low stock price of 0.01.

Any analysis?

 

[strangerjun]

SHARES of Equation Summit surged as much as 43 per cent during Monday morning trading, on news of four new investors including a fund management firm and a Chinese businessman entering the fray through private placement.

At 11.10am, the penny stock put on 0.3 Singapore cent to one Singapore cent after an active trade of 81.93 million shares that brought the counter to the top volumes chart.

The group had announced before market trading that it had on Oct 21 entered into a subscription agreement to issue shares in a private placement to raise S$4.2 million. These 600 million new shares to be placed out represent 10.5 per cent of the enlarged issued share capital of group.

The subscribers are Asdew Acquisitions Private Limited, Teo Khiam Chong, Island Asset Management Pte Ltd and Chen Dawei.

Island Asset Management Pte Ltd is a registered fund management company regulated by the Monetary Authority of Singapore. Mr Chen has accumulated experience in the waste water treatment industry as the founder and CEO of Beijing Revolution Science and Technology Co Ltd and president of Tianjin Com-link Water Treatment Engineering & Technology Co Ltd. He was also the executive director of Beijing Juntai Investment Management Limited as well as China Everbright Water Limited.

Asdew Acquisition is a private limited company incorporated in Singapore investing in mostly listed equities, fixed income products and real estate products, while Mr Teo is an accredited investor who has experience in the financial industry.

They were independently introduced to the company through mutual business contacts of the directors, and this subscription is purely for their financial investment purpose, Equation Summit said.

http://www.businesstimes.com.sg/sto...es-leap-on-news-of-placement-to-new-investors

 

[eboxsingapore]

seems like everyday under the top volume, is that someone accumulate it ?

 

[Average]

blumont n liongold also top volume... u need a better reason to buy man

Sent from money loser using GAGT

 

[eboxsingapore]

lolz yaya watching for this stocks sometimes already , just feel really weird.

 

[eboxsingapore]

Trading Halts with warrants? But the Walmart deal is confirm as well , wonder what happen for this counter.

 

[ithelper]

Anybody buying this stock?

 

[ithelper]

raised 4 cents today

 

[lewissac]

Anybody buying this stock?

raised 4 cents today

It's on trading halt

http://infopub.sgx.com/Apps?A=COW_C...c480f587ebfaa3f867db3d358ef58ed3cccc56f502c64

 

[ithelper]

Ya no wonder can't buy..

 

[cReDdY]

those buy sibei huat lor

 

[supertanweekiat]

Now queuing and see how in the morning. But I also not sure the outcome will be good or not.

 

[ithelper]

I queue at 0.034

 

[Kinetic88]

trading halted.

 

[ithelper]

Omg why like that?

 

[supertanweekiat]

Didn't get any yet...dunno whats cooking...keep halting

 

[ithelper]

Bought 50 lots at 0.034

 

[ithelper]

The board of directors (the “ Board” ) of the Company is pleased to announce that 24,000,000 new
ordinary shares in the capital of the Company (the “New Shares”), have been allotted and issued by
the Company on 23 January 2017. The New Shares rank pari passu in all respect with the existing
shares of the Company. The New Shares are expected to be listed and quoted on Catalist of the
Singapore Exchange Securities Trading Limited with effect from 9.00 a.m., Wednesday, 25 January
2017.

 

[supertanweekiat]

Good..huat for u tomorrow

 

[ithelper]

trade halt again?