Sino Grandness

[[DY]]

Why does the private placement give you added confidence in the accounting?

and yes, the dividend policy would apply equally to everyone.

http://infopub.sgx.com/FileOpen/Sino_Gra...eID=316875

Placement at 8% Discount to last closed price and a huge discount to intrinsic value... (if their books are true, of course, of course)

I guess they had no choice due to their poor share performance over the past year.

Personally, private placement like this give me added confidence on the legitimacy of their accounting.

5 Dividend Policy
Pursuant to the Subscription Agreements, for as long as certain shareholding requirements as
set out in the respective Subscriptions Agreement are satisfied, the Company shall have the
following dividend policy, which will be announced by the Company, that, whenever feasible,
the Company will declare and pay dividends to the Shareholders in an amount of at least 10%
of the consolidated net profits of the Company as reflected in the audited accounts of the

Curious, does that applies to ordinary share holders like us too?

(Vested)