Epicentre Holdings

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#61
Likely not due to waeken balance sheet
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#62
The issued share capital of the company comprises 159,474,600 shares and today's closing price is S$0.133.

Proposed Renounceable Non-Underwritten Rights Issue of Up to 797,373,000 New Ordinary Shares of the Company with Unlisted Warrants

Epicentre Holdings Limited is proposing to undertake a renounceable non-underwritten rights issue of up to 797,373,000 new ordinary shares of the company, @ an issue price of S$0.02 per rights Share, with up to 797,373,000 free detachable unlisted warrants, on the basis of five (5) rights shares for every one (1) existing share held by the shareholders of the company and one (1) warrant for every one (1) rights share.

The Exercise Price of  the warrant is S$0.10 and the Exercise Period is between the 18th and 24th month following the issue of the warrants.

The net proceeds arising from the allotment and issuance of all the rights shares (without taking into account the proceeds from the exercise of the warrants), after deducting estimated costs and expenses of S$150,000.00 relating to the rights cum warrants Issue, is approximately S$15,790,000.00

More details in http://infopub.sgx.com/FileOpen/Epicentr...eID=447041
Specuvestor: Asset - Business - Structure.
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#63
more money to pay off CY09's P2P loan
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#64
http://infopub.sgx.com/Apps?A=COW_CorpAn...091017.pdf

Tomorrow share price going to be epic ....
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#65
fraud case discovered by auditors and disclaimers issued! gosh! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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#66
If no police report made, is it a criminal case?
If the Board approved such transections, is it breaking any law?

Is there any regulatory oversight similar to COC overseeing the NKF and CHC saga?
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#67
(10-10-2017, 12:36 AM)desmondxyz Wrote: http://infopub.sgx.com/Apps?A=COW_CorpAn...091017.pdf

Tomorrow share price going to be epic ....

Auditor's Report
http://infopub.sgx.com/FileOpen/Epicentr...eID=473491
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#68
Hardly surprising. What is surprising is that they did not spend any effort to cover their own tracks.
If investors think that all listed companies will have shareholders as their priority, time to get a reality check.
Many times minority shareholders are a distraction, an after-thought.

If tracks are covered properly, there is little that can be done to detect or stop it. So, besides having a sound business, invest in honest management, companies that have integrity and is shareholder friendly. And don't count on independent directors to do any policing work.
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#69
How independent can an independent director be if he is nominated and voted in by the controlling shareholders and receive fees from the company. SGX and SID have zero concern over such a misleading term.
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#70
From Apple / IPL to property maybe ?   Huh

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Epicentre to sell all stores, exit Apple reseller business 
The Straits Times 27 Jun 2018

Facing stiff competition in the Singapore market, Epicentre is throwing in the towel and selling all four of its storefronts here as well as its online store to a rival Apple reseller for $516,275.

Epicentre's Catalist-listed parent Epicentre Holdings announced yesterday in a Singapore Exchange filing that it has entered a conditional sale and purchase agreement with Elush (T3), which runs iStudio.............

More details : https://www.straitstimes.com/business/co...r-business.
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Meanwhile, further updates on Epicenter in Business Times today

EpiCentre Holdings announces planned reverse takeover
The Business Times 27 Jun 2018

CATALIST-LISTED EpiCentre Holdings could be headed for a S$400 million reverse takeover, under a memorandum of understanding inked on Wednesday.

EpiCentre has also scrapped a renounceable non-underwritten rights issue proposed in 2017, and will instead launch new shares in a conditional placement agreement also made on Wednesday.

The reverse takeover would be done through the acquisition of the entire issued and paid-up share capital of investment holding company MacroCap Asia Capital, which owns Thai property developer Asia ThaiYuan, and Chinese hotel manager Gloria International.

It entails both the disposal of EpiCentre's Apple reselling business and a full divestment of the Japan IPL Holdings beauty business, in which the company took a 51 per cent stake for S$3.06 million in 2017...................

More details : https://www.businesstimes.com.sg/compani...e-takeover
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