(07-04-2017, 06:17 PM)slowandsteady Wrote: http://infopub.sgx.com/FileOpen/CHO_Annt...eID=446945
$19,999,999.50 for 153,846,150 shares, or 13 cents per share.
http://infopub.sgx.com/FileOpen/FEG_Annt...eID=446939
"Rationale for the Disposal:
The disposal of the Sale Shares is to meet the Group's pressing obligation to repay the CIMB term loan installment which is due..."
This has to be one of the most frank explanations ever, wow. I would be worried if I was a supplier to FEG or CHO, and have credit extended.
The rest of the CHO shares are still pledged by the way.
SZ OFFSHORE INVESTMENT PTE. LTD.(n.k.a)
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UEN:
201632158W
LIVE COMPANY
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