Eratat Lifestyle

[promptpost]

the article was dated 26.02.2010.
still relevant?

all china based companies are bad including CM Pacific?

An interesting read on why S-chips should be avoided.

http://atans1.wordpress.com/tag/s-chips/

**************

extracted one story below:-

S-Chips: A warning on the prospectus?

SIAS president was reported in Wednesday’s ST as saying, “If ever a China company is listed in S’pore which has got business in China, management in China and money in China — please think 100 times before you put your money into the company.”

This should have been put on the prospectus of all S-Chips. But don’t you think it is too much to ask SGX to make this warning mandatory? It needs new listings, even tiny ones. At a time when there is talk of a billion dollar China co wanting to list here, HK is preparing for a US$20bn listing of AIG’s Asian life insurance operations. It could come as early as April this year.

But maybe responsible IPO managers should include this in bold lettering on the cover of future S-Chips IPOs? And with the appropriate changes, for any IPO where only the listing is here?

[Curiousparty]

There are a few articles in there.

The latest one being in March 2013.

"Why S-Chips no hew our laws
In China, Corporate governance on 26/03/2013 at 5:46 am"

the article was dated 26.02.2010.
still relevant?

all china based companies are bad including CM Pacific?

An interesting read on why S-chips should be avoided.

http://atans1.wordpress.com/tag/s-chips/

**************

extracted one story below:-

S-Chips: A warning on the prospectus?

SIAS president was reported in Wednesday’s ST as saying, “If ever a China company is listed in S’pore which has got business in China, management in China and money in China — please think 100 times before you put your money into the company.”

This should have been put on the prospectus of all S-Chips. But don’t you think it is too much to ask SGX to make this warning mandatory? It needs new listings, even tiny ones. At a time when there is talk of a billion dollar China co wanting to list here, HK is preparing for a US$20bn listing of AIG’s Asian life insurance operations. It could come as early as April this year.

But maybe responsible IPO managers should include this in bold lettering on the cover of future S-Chips IPOs? And with the appropriate changes, for any IPO where only the listing is here?

[yewkim]

There are a few articles in there.

The latest one being in March 2013.

"Why S-Chips no hew our laws
In China, Corporate governance on 26/03/2013 at 5:46 am"

the article was dated 26.02.2010.
still relevant?

all china based companies are bad including CM Pacific?

An interesting read on why S-chips should be avoided.

http://atans1.wordpress.com/tag/s-chips/

**************

extracted one story below:-

S-Chips: A warning on the prospectus?

SIAS president was reported in Wednesday’s ST as saying, “If ever a China company is listed in S’pore which has got business in China, management in China and money in China — please think 100 times before you put your money into the company.”

This should have been put on the prospectus of all S-Chips. But don’t you think it is too much to ask SGX to make this warning mandatory? It needs new listings, even tiny ones. At a time when there is talk of a billion dollar China co wanting to list here, HK is preparing for a US$20bn listing of AIG’s Asian life insurance operations. It could come as early as April this year.

But maybe responsible IPO managers should include this in bold lettering on the cover of future S-Chips IPOs? And with the appropriate changes, for any IPO where only the listing is here?

u means those whose has office in Singapore are safe, for example CCFH, or CM Pacific ? thanks, can share just starting to learn. But personally see some s-chip got true fundamental.

[Curiousparty]

SAH (Shanghai Asia Holdings) of which 34% was previously owned by New Toyo, had office in Spore. Does this mean that it would be 100% safe from all forms of "dangers"?
I will defer it to readers to infer.

SAH was purportedly sold off on the cheap and below the cost of acquisition from New Toyo's point of view. New Toyo acquired SAH at average of 24 cents but it was disposed off at 21 cents.
(Pls read the letters to BT at link.)
http://atans1.files.wordpress.com/2011/0...-asia1.pdf

The key learning point is that even if the S chip is a subsidiary under the control Singapore-listed companies, one ought to be careful and do the necessary due diligence.
From the SAH incident, it can be inferred that one cannot simply rely on the Spore-listed company to help much either.

Opposing views extremely welcomed.

(IMHO).

There are a few articles in there.

The latest one being in March 2013.

"Why S-Chips no hew our laws
In China, Corporate governance on 26/03/2013 at 5:46 am"

the article was dated 26.02.2010.
still relevant?

all china based companies are bad including CM Pacific?

An interesting read on why S-chips should be avoided.

http://atans1.wordpress.com/tag/s-chips/

**************

extracted one story below:-

S-Chips: A warning on the prospectus?

SIAS president was reported in Wednesday’s ST as saying, “If ever a China company is listed in S’pore which has got business in China, management in China and money in China — please think 100 times before you put your money into the company.”

This should have been put on the prospectus of all S-Chips. But don’t you think it is too much to ask SGX to make this warning mandatory? It needs new listings, even tiny ones. At a time when there is talk of a billion dollar China co wanting to list here, HK is preparing for a US$20bn listing of AIG’s Asian life insurance operations. It could come as early as April this year.

But maybe responsible IPO managers should include this in bold lettering on the cover of future S-Chips IPOs? And with the appropriate changes, for any IPO where only the listing is here?

u means those whose has office in Singapore are safe, for example CCFH, or CM Pacific ? thanks, can share just starting to learn. But personally see some s-chip got true fundamental.

[portuser]

SAH (Shanghai Asia Holdings) of which 34% was previously owned by New Toyo, had office in Spore. Does this mean that it would be 100% safe from all forms of "dangers"?
...............

SAH was purportedly sold off on the cheap and below the cost of acquisition from New Toyo's point of view. New Toyo acquired SAH at average of 24 cents but it was disposed off at 21 cents.
(Pls read the letters to BT at link.)
http://atans1.files.wordpress.com/2011/0...-asia1.pdf

New Toyo's initial 165.5m Shanghai Asia Holdings (SAH) shares carried a cost of 2.5c apiece only. [IPO prospectus]

The number of SAH shares New Toyo acquired subsequently at an average of 24c was 134m.

The (weighted) average cost is therefore 12.1c.

New Toyo therefore did not suffer a loss for selling SAH operating assets equivalent to 21c per SAH share; even without taking account of the dividends received from SAH for a number of years.

[Curiousparty]

Tks for pointing out the initial cost during IPO, which was not revealed in the BT letter.

SAH (Shanghai Asia Holdings) of which 34% was previously owned by New Toyo, had office in Spore. Does this mean that it would be 100% safe from all forms of "dangers"?
...............

SAH was purportedly sold off on the cheap and below the cost of acquisition from New Toyo's point of view. New Toyo acquired SAH at average of 24 cents but it was disposed off at 21 cents.
(Pls read the letters to BT at link.)
http://atans1.files.wordpress.com/2011/0...-asia1.pdf

New Toyo's initial 165.5m Shanghai Asia Holdings (SAH) shares carried a cost of 2.5c apiece only. [IPO prospectus]

The number of SAH shares New Toyo acquired subsequently at an average of 24c was 134m.

The (weighted) average cost is therefore 12.1c.

New Toyo therefore did not suffer a loss for selling SAH operating assets equivalent to 21c per SAH share; even without taking account of the dividends received from SAH for a number of years.

[yewkim]

Thanks curiousparty and all for your generousity in sharing.

[ValueBeliever]

http://business.asiaone.com/news/german-...-cash-gone

Hope Alibaba dont Alibaba the rest of the world. China is already famous for crooks.

Lets seek what Jack Ma cook for the rest of the world - 68 and climbing on day 1 or 2yrs later gone?

[desmondxyz]

Is this considered an unconventional way of RTO? at least shareholders of eratat still get something....

http://infopub.sgx.com/FileOpen/20150112...eID=331161

[sykn]

I've already written off my previous investment in Eratat as a bad dream and cost of attending school. This announcement is puzzling; not sure I understand what it really means. Are they saying that existing holders of Eratat shares do not have to fork out money to get a piece of the 10% new shares that the "target" is putting out? Then what does the "target" get for handing out 10% of its equity? Just a chance to be listed in SGX without the cost and travails of listing? Anything else? In any case, Bali already has too many resorts, IMHO. Eager to hear those experienced in reading such things share their views please.

Is this considered an unconventional way of RTO? at least shareholders of eratat still get something....

http://infopub.sgx.com/FileOpen/20150112...eID=331161