Sound Global

[pianist]

strange, why do they use the term 'audition'? is there gg to be some spetacular performance?

[CityFarmer]

strange, why do they use the term 'audition'? is there gg to be some spetacular performance?

My fault, it should be audit, rather than audition.

My apologies... The posts is amended accordingly

[CityFarmer]

More BOT project winning...

http://infopub.sgx.com/FileOpen/SGL-Ann_...eID=251675

Sound Global Ltd. (“Sound Global” or the “Company”) wishes to announce that the
Company won the bid for the sewage treatment plant (BOT) project in Baoding
Electricity Valley, Baoding High-Tech Industrial Development Zone.
The project is situated in Baoding High-Tech Industrial Development Zone, Hebei
Province. Investment and construction of the project will be carried out by Sound
Global, with designed sewage treatment capacity of phase I of the project at
30,000m3/day. Baoding Electricity Valley Sewage Treatment Plant will be invested,
built, operated and transferred as a BOT project. Total investment amount of phase I
construction project is over RMB70,000,000. The sewage treatment tariff will be
RMB1.815/m3 and licensed operating term is 30 years.

[CityFarmer]

The company was halted, pending release of announcement.

May be due to the recent Chairman's offer proposal...

[l0nEr]

The company was halted, pending release of announcement.

May be due to the recent Chairman's offer proposal...

yep, proposed delisting at 70cents.

Congrats!

[kbl]

Congrats and Good Morning every1.

<Not Vested>

The company was halted, pending release of announcement.

May be due to the recent Chairman's offer proposal...

[CityFarmer]

The company was halted, pending release of announcement.

May be due to the recent Chairman's offer proposal...

yep, proposed delisting at 70cents.

Congrats!

It should be a good news, but not appealing, imo.

One more S-chip will likely be delisted from SGX.

[desmondxyz]

Still subject to shareholder approval, at least 75% to vote for and less than 10% to vote against...

[tonyking]

Think market price closing at $0.695 shows that most think e hurdle is not significant.
His concerted party together with bonds & warrants already exceed 75%; since its maintaining listing in HKSE even if his shareholding is to exceed 90%, thus the institutional shareholders are unlikely to vote against the deal (assuming they could maintain their shares & trade over HKSE).
-vested & personal opinion only-

[CityFarmer]

Think market price closing at $0.695 shows that most think e hurdle is not significant.
His concerted party together with bonds & warrants already exceed 75%; since its maintaining listing in HKSE even if his shareholding is to exceed 90%, thus the institutional shareholders are unlikely to vote against the deal (assuming they could maintain their shares & trade over HKSE).
-vested & personal opinion only-

I share the same view. There is no good reason for shareholders to reject the exit offer.

The exit offer is an important step, for the company to reform its capital structure, imo.

(vested)