Eastern Holdings

New update for Hoy Fatt court case, taking place next monday (23 Sep):

http://app.supremecourt.gov.sg/data/regi...092013.pdf

No idea wat the details means though... anyone knows?

Just google this.

I GUESS Defendants (Riway) is asking Court to strike out the Plantiffs (Hoy Fatt) 's claim. Likely the claim on deposit paid by Riway.


Wee Chong Jin [1998] 3 SLR® 649, where the Court of Appeal held (at [21]
and [39]) that:
21 The guiding principle in determining what a
“reasonable cause of action” is under O 18 r 19(1)(a) was
succinctly pronounced by Lord Pearson in Drummond-Jackson
v British Medical Association [1970] 1 All ER 1094. A
reasonable cause of action, according to his lordship,
connotes a cause of action which has some chance of success
when only the allegations in the pleading are considered. As
long as the statement of claim discloses some cause of action,
or raises some question fit to be decided at the trial, the mere
fact that the case is weak and is not likely to succeed is
no ground for striking it out. …

Yet another update on Hoy Fatt pre trial (this Wed, 9 Oct):

http://app.supremecourt.gov.sg/data/regi...102013.pdf

Hope it ends soon...

(07-10-2013, 04:03 PM)smallcaps Wrote: Yet another update on Hoy Fatt pre trial (this Wed, 9 Oct):

http://app.supremecourt.gov.sg/data/regi...102013.pdf

Hope it ends soon...

the riway court case is split in to 2 parts. one- option to purchase & " O 18 r 19"

(07-10-2013, 06:02 PM)opmi Wrote:

(07-10-2013, 04:03 PM)smallcaps Wrote: Yet another update on Hoy Fatt pre trial (this Wed, 9 Oct):

http://app.supremecourt.gov.sg/data/regi...102013.pdf

Hope it ends soon...

the riway court case is split in to 2 parts. one- option to purchase & " O 18 r 19"

Ya probably one to take back the 10% and another to force completion?

This is definitely good and positive news to all Eastern Holdings' remaining minority shareholders.....
http://infopub.sgx.com/FileOpen/EHL-Ann-...eID=261807

Will the expected significant profits for 1HFY2014 be mind-blowing?

I thot can easily calculate gains from the difference between book cost and the sale proceeds.

(30-10-2013, 06:21 PM)opmi Wrote: I thot can easily calculate gains from the difference between book cost and the sale proceeds.

I think we should not miss out the 2 words "amongst others" in the 2nd para of this evening's Profit Guidance announcement. There may be other positive surprises from other asset sales, apart from No. 51, 53, 55 and 57 Tras Street.

anyone taking bets on Eastern paying special dividend this qtr??

(31-10-2013, 06:35 PM)opmi Wrote: anyone taking bets on Eastern paying special dividend this qtr??

Maybe the 599 lots who bought today. Has not reached that volume for sometime alreadi. Suprisingly the market has reaction to known events. Maybe its due to the lack of negative suprises... me still looking forward to rest of grove residences and epl building being sold.

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