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26-03-2019, 08:11 PM
I wld find it weird if SGX allows this latest placement to go thru' and I am not even referring to the red flags valuebuddies had previously pointed out.
Even a non-finance person like me feels it's a bit strange.
According to the latest FY2018 results, the Co has lots of cash, and yet they are doing a placement at such a depressed price, diluting the existing shareholders further. The outstanding letter of demand from the Thais has no concrete updates to shareholders.
Surely, there shd at least be some govt agencies somewhere doing some common sense checks on the Co right ? Afterall, we are supposed to be a world class financial hub.
I am not vested, just that I find the Co seems to be able to "function blatantly".
Even a non-finance person like me feels it's a bit strange.
According to the latest FY2018 results, the Co has lots of cash, and yet they are doing a placement at such a depressed price, diluting the existing shareholders further. The outstanding letter of demand from the Thais has no concrete updates to shareholders.
Surely, there shd at least be some govt agencies somewhere doing some common sense checks on the Co right ? Afterall, we are supposed to be a world class financial hub.
I am not vested, just that I find the Co seems to be able to "function blatantly".
"Let all that you do be done in love." 1 Corinthians 16:14