Ying Li International Real Estate *Official* (SGX:5DM)
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Mancunian2
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what's happening ?
guards80
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153.42 M Married deal at 0.135. dont know is going take over or delist 30cent to 40cent
guards80
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ya lor maybe all going HSI? .. should be good news.. the price keep push up hardly
Jupiter2017
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http://www.businesstimes.com.sg/com...-disclosing-ceos-married-deal-after-sgx-query
Ying Li lifts trading halt, disclosing CEO's married deal after SGX query
Fri, Jan 26, 2018 - 8:25 AM Jamie Lee leejamie@sph.com.sg
PROPERTY firm Ying Li International Real Estate on Friday lifted the trading halt on its shares, which has been in place for two trading days after a regulatory query prompted it say that its CEO and chairman Fang Ming, and one of its controlling shareholders, had sold some shares through a S$20.7 million married deal.
Responding to the Singapore Exchange query, it said on Thursday evening that Mr Fang had disposed of 153 million shares at 13.5 Singapore cents apiece to another shareholder of the company, State Alpha Ltd. This was reflected as an off-market transaction on Jan 23.
The transaction raised State Alpha's stake in Ying Li by 6 per cent to 14.02 per cent. The fund is, in turn, owned by China Everbright, which now has raised its collective indirect stake in the property firm to 28.92 per cent.
Correspondingly, Mr Fang's stake was reduced from 35.05 per cent to 29.05 per cent.
The firm's trading halt will be lifted at 8.30am on Friday.
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=5DM.SI
Ying Li lifts trading halt, disclosing CEO's married deal after SGX query
Fri, Jan 26, 2018 - 8:25 AM Jamie Lee leejamie@sph.com.sg
PROPERTY firm Ying Li International Real Estate on Friday lifted the trading halt on its shares, which has been in place for two trading days after a regulatory query prompted it say that its CEO and chairman Fang Ming, and one of its controlling shareholders, had sold some shares through a S$20.7 million married deal.
Responding to the Singapore Exchange query, it said on Thursday evening that Mr Fang had disposed of 153 million shares at 13.5 Singapore cents apiece to another shareholder of the company, State Alpha Ltd. This was reflected as an off-market transaction on Jan 23.
The transaction raised State Alpha's stake in Ying Li by 6 per cent to 14.02 per cent. The fund is, in turn, owned by China Everbright, which now has raised its collective indirect stake in the property firm to 28.92 per cent.
Correspondingly, Mr Fang's stake was reduced from 35.05 per cent to 29.05 per cent.
The firm's trading halt will be lifted at 8.30am on Friday.
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=5DM.SI
Jupiter2017
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http://www.businesstimes.com.sg/stocks/hot-stock-ying-li-down-10-after-married-deal-disclosure
Hot stock: Ying Li down 10% after married deal disclosure
Fri, Jan 26, 2018 - 11:55 AM Rachel Mui rachmui@sph.com.sg Jamie Lee leejamie@sph.com.sg
SHARES of Ying Li International Real Estate plunged 10.11 per cent on Friday following news that its CEO had disposed of some shares in a S$20.7 million married deal.
The property firm lifted a two-day trading halt at 8.30am this morning after responding to a Singapore Exchange query on Thursday night.
As of 11.05am, Ying Li was trading down 10.11 per cent or 1.8 Singapore cents to 16 Singapore cents apiece. Some 38.1 million shares changed hands, making it one of the most actively traded counters on the Singapore bourse.
The firm, responding to SGX, said on Thursday night that its CEO and chairman Fang Ming, who is also a controlling shareholder, had sold off 153 million shares at 13.5 Singapore cents apiece to another shareholder, State Alpha Limited.
The deal was reflected as an off-market transaction on Wednesday night, with the buyer of the shares undisclosed, after Ying Li's share price surged on Tuesday prompting a query from the Singapore Exchange (SGX).
Ying Li's share price surged 15.6 per cent to close at 17.8 Singapore cents on Tuesday, with some 222.8 million shares changing hands, prompting a query. Trades on Tuesday were done at 0.54 times of the price-to-book ratio.
The share purchase raised State Alpha's stake in Ying Li by 6 per cent to 14.02 per cent. The fund, which is in turn owned by China Everbright, lifted China Everbright's stake in Ying Li to 28.92 per cent, and the Hong Kong-listed firm retained its position as Ying Li's second largest shareholder.
A trader BT spoke to said, "the market probably got ahead of itself" in anticipation of some corporate action, and traded back down to realistic levels today "after a dose of reality check".
He also noted that the acquisition price of 13.5 Singapore cents was substantially lower than the market price, and that a general offer will not be triggered as the share of its substantial shareholder has not crossed the 30 per cent mark.
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=5DM.SI
Hot stock: Ying Li down 10% after married deal disclosure
Fri, Jan 26, 2018 - 11:55 AM Rachel Mui rachmui@sph.com.sg Jamie Lee leejamie@sph.com.sg
SHARES of Ying Li International Real Estate plunged 10.11 per cent on Friday following news that its CEO had disposed of some shares in a S$20.7 million married deal.
The property firm lifted a two-day trading halt at 8.30am this morning after responding to a Singapore Exchange query on Thursday night.
As of 11.05am, Ying Li was trading down 10.11 per cent or 1.8 Singapore cents to 16 Singapore cents apiece. Some 38.1 million shares changed hands, making it one of the most actively traded counters on the Singapore bourse.
The firm, responding to SGX, said on Thursday night that its CEO and chairman Fang Ming, who is also a controlling shareholder, had sold off 153 million shares at 13.5 Singapore cents apiece to another shareholder, State Alpha Limited.
The deal was reflected as an off-market transaction on Wednesday night, with the buyer of the shares undisclosed, after Ying Li's share price surged on Tuesday prompting a query from the Singapore Exchange (SGX).
Ying Li's share price surged 15.6 per cent to close at 17.8 Singapore cents on Tuesday, with some 222.8 million shares changing hands, prompting a query. Trades on Tuesday were done at 0.54 times of the price-to-book ratio.
The share purchase raised State Alpha's stake in Ying Li by 6 per cent to 14.02 per cent. The fund, which is in turn owned by China Everbright, lifted China Everbright's stake in Ying Li to 28.92 per cent, and the Hong Kong-listed firm retained its position as Ying Li's second largest shareholder.
A trader BT spoke to said, "the market probably got ahead of itself" in anticipation of some corporate action, and traded back down to realistic levels today "after a dose of reality check".
He also noted that the acquisition price of 13.5 Singapore cents was substantially lower than the market price, and that a general offer will not be triggered as the share of its substantial shareholder has not crossed the 30 per cent mark.
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=5DM.SI
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