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Hiap Hoe

Hiap Hoe

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vbReader Offline
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#61
07-09-2018, 08:29 AM
The holding company which holds 74.29%(349,578,726 shares) of the listed entity, just transferred 175m shares to Citibank nominees account and 50m to BNP nominees account.

Can anyone share what are the possible reasons for such a move?

https://links.sgx.com/FileOpen/_Form%203...eID=524375
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cfa Offline
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#62
07-09-2018, 09:36 AM
(07-09-2018, 08:29 AM)vbReader Wrote: The holding company which holds 74.29%(349,578,726 shares) of the listed entity, just transferred 175m shares to Citibank nominees account and 50m to BNP nominees account.

Can anyone share what are the possible reasons for such a move?

https://links.sgx.com/FileOpen/_Form%203...eID=524375

Most likely is because of financing , they have to pledge the shares to the banks. Hope I got it right Tongue
“risk comes from not knowing what you’re doing.”
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Scg8866t Offline
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#63
12-02-2019, 11:46 PM
https://repository-vl18.shareinvestor.co...filename/1

Hiap Hoe Limited would like to issue a profit guidance that the Group expects to report a loss for 4Q2018 which is primarily due to the fair value changes in financial instruments.
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