Memstar Technology

Joyfield and MS Pan are consider one, hence both I indicate "1)"

Mr. Yeo take over United Envirotech Ltd's 216m Memstar shares
http://infopub.sgx.com/FileOpen/eFORM3V2...eID=303160
http://infopub.sgx.com/FileOpen/eFORM3V2...eID=302863

Wang YH/Asdew still have 181.466m shares (under nominee accounts). But he stop disposed his shares after 8 May 2014. For 2 months plus, no announcement on further disposal of shares, maybe he is waiting for better price or corporate action by Mr. Yeo.

(18-07-2014, 09:56 AM)Harvest Time Wrote: Joyfield and MS Pan are consider one, hence both I indicate "1)"

Mr. Yeo take over United Envirotech Ltd's 216m Memstar shares
http://infopub.sgx.com/FileOpen/eFORM3V2...eID=303160
http://infopub.sgx.com/FileOpen/eFORM3V2...eID=302863

Wang YH/Asdew still have 181.466m shares (under nominee accounts). But he stop disposed his shares after 8 May 2014. For 2 months plus, no announcement on further disposal of shares, maybe he is waiting for better price or corporate action by Mr. Yeo.

The top three shareholders in my list (should be similar with yours with slight variation)
- Ms. Pan
- Mr. Yeo CS
- Mr. Wang YH

With more than half of total issued share of the company.

I took a brief review on the company status recently, but confused on its account. As a cash company, with approx net cash of 13 mil in May 2014, but the net cash level dropped to 2.6 mil in Jun 2014 end-year report?

I didn't dig in further, anyone able to clarify?

(not vested)

The RTO detail was announced. The "shell" is valued at above S$40 mil this round, with issue price of 1.615 cents, and an existing share base of 2667.4 million shares.

Surprisingly, the RTO has nothing to do with Mr. Yeo of Lawton & Yeo Design Associates, but a China company...

(not vested, edited for previous mistake)

---
The board of directors (“Board” or “Directors”) of Memstar Technology Ltd. (“Company”) wishes
to announce that the Company has, on 20 December 2014, entered into a share sale and
purchase agreement (“Agreement”) with the existing shareholders of Longmen Group Ltd
(“Target”), comprising the persons named in Appendix A below, to acquire the entire issued and
paid-up share capital of the Target (“Sale Shares”), together with its subsidiaries (“Proposed
RTO”), from the shareholders of the Target as at completion of the Proposed RTO (collectively,
the “Vendors”, and each, a “Vendor”).
Pursuant to the Agreement, the aggregate purchase price for the Sale Shares is US$420 million
(or S$546 million, at an exchange rate of US$1 = S$1.30) (“Purchase Price”) to be fully satisfied
by the Company, at completion of the Proposed RTO (“Completion”), by the issuance and
allotment of such number of new ordinary shares (“Shares”), at S$0.01615 per Share (“Issue
Price”), representing an aggregate of 73.10% of the total issued share capital of the Company on
Completion (“Consideration Shares”).
The Issue Price represents a premium of approximately 7.24% to the volume weighted average
price (“VWAP”) of the Shares of S$0.01506 on 28 November 2014, being the last market day
preceding the date of the Agreement.
http://infopub.sgx.com/FileOpen/Memstar-...eID=328981

How do we make sense of the 75% run up in price of memstar after this announcement???

Is there any rational explanation for it?

(22-12-2014, 04:18 PM)johnnydash Wrote: How do we make sense of the 75% run up in price of memstar of this announcement???

Is there any rational explanation for it?

A vote of confidence on the newly acquired company in the RTO, the Longmen Group? It involves China SOEs and China PEs, but I am yet to know exactly the business involved.

(22-12-2014, 04:25 PM)CityFarmer Wrote:

(22-12-2014, 04:18 PM)johnnydash Wrote: How do we make sense of the 75% run up in price of memstar of this announcement???

Is there any rational explanation for it?

A vote of confidence on the newly acquired company in the RTO, the Longmen Group? It involves China SOEs and China PEs, but I am yet to know exactly the business involved.

Just sharing a writeup on the RTO and Longmen:
http://stockresearchasia.com/1/post/2015...ified.html

(24-01-2015, 01:16 AM)Debronic Wrote:

(22-12-2014, 04:25 PM)CityFarmer Wrote:

(22-12-2014, 04:18 PM)johnnydash Wrote: How do we make sense of the 75% run up in price of memstar of this announcement???

Is there any rational explanation for it?

A vote of confidence on the newly acquired company in the RTO, the Longmen Group? It involves China SOEs and China PEs, but I am yet to know exactly the business involved.

Just sharing a writeup on the RTO and Longmen:
http://stockresearchasia.com/1/post/2015...ified.html

Good sharing as your 1st post. Is the writeup from you?

Anyway, a warm welcome to our VB.

Regards
Moderator

(24-01-2015, 09:07 PM)CityFarmer Wrote:

(24-01-2015, 01:16 AM)Debronic Wrote:

(22-12-2014, 04:25 PM)CityFarmer Wrote:

(22-12-2014, 04:18 PM)johnnydash Wrote: How do we make sense of the 75% run up in price of memstar of this announcement???

Is there any rational explanation for it?

A vote of confidence on the newly acquired company in the RTO, the Longmen Group? It involves China SOEs and China PEs, but I am yet to know exactly the business involved.

Just sharing a writeup on the RTO and Longmen:
http://stockresearchasia.com/1/post/2015...ified.html

Good sharing as your 1st post. Is the writeup from you?

Anyway, a warm welcome to our VB.

Regards
Moderator

It's a good friend's work. I am just helping to share.
Actually, I had an account some years ago with a few posts but I lost the login details so created another one.

(26-01-2015, 11:38 PM)Debronic Wrote:

(24-01-2015, 09:07 PM)CityFarmer Wrote: Good sharing as your 1st post. Is the writeup from you?

Anyway, a warm welcome to our VB.

Regards
Moderator

It's a good friend's work. I am just helping to share.
Actually, I had an account some years ago with a few posts but I lost the login details so created another one.

Welcome back.

Regards
Moderator CF