Sapphire Corp Limited *Official* (SGX : BRD)

Small Boy

Small Boy

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Monochrome_ said:
I am hoping that other investors don't see what I'm seeing so that I can buy more now
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You have a big heart to hope for others. The world is a better place with people like you around. Why don't you sell your house, go full leverage and buy more? If the price doesn't go up means you didn't buy enough. :s13:
 
Monochrome_

Monochrome_

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Small Boy said:
You have a big heart to hope for others. The world is a better place with people like you around. Why don't you sell your house, go full leverage and buy more? If the price doesn't go up means you didn't buy enough. :s13:
Click to expand...

thanks for your comments
 
Monochrome_

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high volume churning today, huge buying into the close to bring prices to resistance
 
Monochrome_

Monochrome_

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The Board of Directors (the “Board”) of Sapphire Corporation Limited (the “Company”) wishes to announce that the Company’s substantial shareholders, Ou Rui Limited (“Ou Rui”) and Best Feast Limited (“Best Feast”), have entered into conditional sale and purchase agreements (“SPAs”) with Hong Kong International Construction Investment Management Group Co., Limited (“HKICIM”), a company listed on The Stock Exchange of Hong Kong Limited (Stock Code: 687) and Forestar Assets Limited, a wholly-owned
subsidiary of HKICIM (as the “Purchaser”).


Pursuant to the SPAs, Best Feast and Ou Rui have conditionally agreed to sell and HKICIM (through the Purchaser) has conditionally agreed to acquire 34,670,893 shares and 56,523,667 shares representing approximately 10.63% and 17.33% of the issued share capital of the Company as at the date of this announcement directly from the Best Feast and Ou Rui respectively via off-market transactions (the“Transactions”).

The sale consideration payable to Best Feast and Ou Rui are HK$101,473,982 (approximately S$17,617,011) and HK$165,432,180 (approximately S$28,720,865) respectively if all the Consideration Shares are issued without adjustments (the “Sale Consideration”). The Sale Consideration represents a share price of approximately S$0.51 per share (the “Share Price of the Company for the Transactions”).


HKICIM is principally engaged in the business of property development, foundation piling and site investigation in Hong Kong and property investment and management.
In accordance with HKICIM 2017 Interim report, HKICIM is 74.66% owned by HNA Finance I Co., Ltd. A copy of the announcement in relation to the Transactions released by HKICIM on the website of the Stock Exchange of Hong Kong Limited has also been attached to this announcement for reference

http://infopub.sgx.com/FileOpen/SCL...areholder.ashx?App=Announcement&FileID=474513
 
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