New Silkroutes Group (formerly: Digiland International)

[mkmk]

http://infopub.sgx.com/FileOpen/Announce...eID=260851

Proposed Placement Of Up To 5,800,000,000 New Ordinary Shares In The Capital Of Digiland International Limited (The "Placement"). Issue Price at $0.001.

(not vested)

[orangetea]

http://infopub.sgx.com/FileOpen/Announce...eID=260851 Proposed Placement Of Up To 5,800,000,000 New Ordinary Shares In The Capital Of Digiland International Limited (The "Placement"). Issue Price at $0.001. (not vested)

Sgx has done it again.
It should take companies like these to restrict their placement which is not doing any good to the shareholders.
I rather the company be delisted and offer the current shareholders with an exit offer even when its 0.0006 cents

[CY09]

I wonder if they do a 10-1 share consolidation, will they drop to 0.001 again

[orangetea]

I wonder if they do a 10-1 share consolidation, will they drop to 0.001 again

I think it has gotta do with their new biz in marne lubrication
http://www.finanznachrichten.de/pdf/2013...7662.1.pdf

Now we don't know what brand of lubricant... I know in SG, it is a tight industry.
Prices are controlled and margins are tight.

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http://infopub.sgx.com/FileOpen/Announce...eID=260851 Proposed Placement Of Up To 5,800,000,000 New Ordinary Shares In The Capital Of Digiland International Limited (The "Placement"). Issue Price at $0.001. (not vested)

Lee Chee Keet, i wonder if its the same one in this article

"SNF founding director Lee Chee Keet, 42, faces 43 charges.

He is accused of share trading under other people's names, concealing his beneficial ownership, giving false information in the prospectus about his holdings and failing to declare his trades."
http://www.asiaone.com/print/News/AsiaOn...97892.html

[CityFarmer]

The placement is scaled down, due to maximum issue share mandate granted. Total issue share scaled down from 5.8 billion shares, to slightly more than 2 billion shares, the maximum mandate granted by shareholders last year.

The issued and paid-up share capital of the company is more than 32 billion shares, after the placement. This is double the SingTel's 16 billion shares... WoW...

Ref: http://infopub.sgx.com/FileOpen/Digiland...eID=260985

[CityFarmer]

Right issue from the company with ratio of 1-for-2, i.e. additional shares of more than 15 Bil, so the total share will be around 45 Bil shares. IIRC, this is the record for SGX listed companies.

Priced at 0.1 cent (lowest possible, right?). This is definitely a case that showing the "biggest" share base possible, right?

Ref: http://infopub.sgx.com/FileOpen/Proposed...eID=275573

[LionFlyer]

My favourite company

I thought plans are afoot to consolidate pennies?

[CityFarmer]

My favourite company

I thought plans are afoot to consolidate pennies?

It is under review now. The company might need share consolidation to meet the likely new requirement. Will the company survive till then?

[funman168]

What will happen to the existing shareholders if it is delisted?

[mkmk]

http://infopub.sgx.com/FileOpen/WindingU...eID=294275

Further to the Company's announcement on 5 July 2005, the Company wishes to update that it recently received advice from the Insolvency & Public Trustee's Office that the Company's subsidiary Digiland (Singapore) Pte. Ltd. has been dissolved on 17 April 2014

(not vested)