Sinkie
Greater Supremacy Member
- Joined
- Jan 20, 2009
- Messages
- 86,036
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- 20
watch the 23c and 24c support, if chiu think is good, can load at 23c/24c channel.
26c looks a very good support as well.
assuming market sentiment remains bearish in sgx, a break of 23/24c support means it will go 19c, a good stock not scare of fire but if good news cant move it, then probably something is wrong or it has been factoered in
25.5 was the placement price, so it should be good support at the moment then
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4D66AEAEFC7F36F648257AEF007DD97B/$file/Nam_Cheong_Proposed_Placement_11012013.pdf?openelement
To facilitate the delivery of the Placement Shares to the investors, the Company has requested the Lenders, and the Lenders have agreed to lend to the Company up to an aggregate of 190,000,000 existing issued shares which they hold in the Company prior to the Placement (“Share Lending”), comprising the 140,000,000 shares borrowed from the Lenders, and an additional 50,000,000 shares borrowed from the Lenders upon the exercise of the additional share borrow option by the Placement Agent, for sale to the investors procured by the Placement Agent on a best efforts basis.
The Placement Shares will be placed out at a price of S$0.255 per Placement Share (the “Placement Price”). The Placement Price represents a discount of approximately 9.70 % to the weighted average price of S$0.2824 for trades done in respect of the shares in the capital of the Company (the “Shares”) on the SGX-ST for the full market day of 10 January 2013 (the Placement Agreement was signed after the close of the market).
To facilitate the delivery of the Placement Shares to the investors, the Company has requested the Lenders, and the Lenders have agreed to lend to the Company up to an aggregate of 190,000,000 existing issued shares which they hold in the Company prior to the Placement (“Share Lending”), comprising the 140,000,000 shares borrowed from the Lenders, and an additional 50,000,000 shares borrowed from the Lenders upon the exercise of the additional share borrow option by the Placement Agent, for sale to the investors procured by the Placement Agent on a best efforts basis.
The Placement Shares will be placed out at a price of S$0.255 per Placement Share (the “Placement Price”). The Placement Price represents a discount of approximately 9.70 % to the weighted average price of S$0.2824 for trades done in respect of the shares in the capital of the Company (the “Shares”) on the SGX-ST for the full market day of 10 January 2013 (the Placement Agreement was signed after the close of the market).
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