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08-04-2017, 12:45 PM
(This post was last modified: 08-04-2017, 12:47 PM by opmi.)
(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)
LITTLE TREE HOUSE EDUCATION PTE. LTD.(f.k.a)
UEN:
201632158W
LIVE COMPANY
143 CECIL STREET #6F GB BUILDING SINGAPORE 069542[/size][/size]
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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08-04-2017, 12:45 PM
(This post was last modified: 08-04-2017, 12:47 PM by opmi.)
(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)
LITTLE TREE HOUSE EDUCATION PTE. LTD.(f.k.a)
UEN:
201632158W
LIVE COMPANY
143 CECIL STREET #6F GB BUILDING SINGAPORE 069542[/size][/size]
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Mandatory Unconditional Cash Offer
Offeror : BT Investment Pte. Ltd., a direct wholly-owned subsidiary of Baker Technology Limited
Price : S$0.13 in cash per share
The Offeror has today entered into :
(a) a sale and purchase agreement with Energian Pte. Ltd., a wholly-owned subsidiary of Falcon Energy Group Limited, pursuant to which the Offeror acquired 217,800,000 Shares, representing approximately 30.90% of the total number of Shares in the capital of the Company for a purchase consideration of S$0.115 per Share; and
(b) a sale and purchase agreement with SZ Offshore Investment Pte. Ltd., pursuant to which the Offeror acquired 153,846,150 Shares, representing approximately 21.83% of the total number of Shares in the capital of the Company for a purchase consideration of S$0.13 per Share.
As a result of the Acquisitions, the Offeror owns, controls or has agreed to acquire an aggregate of 371,646,150 Shares, representing approximately 52.72% of the total number of Shares in the capital of the Company.
More details in http://infopub.sgx.com/FileOpen/Offer%20...eID=517657
Specuvestor: Asset - Business - Structure.
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Mandatory Unconditional Cash Offer
Offeror : BT Investment Pte. Ltd., a direct wholly-owned subsidiary of Baker Technology Limited
Price : S$0.13 in cash per share
The Offeror has today entered into :
(a) a sale and purchase agreement with Energian Pte. Ltd., a wholly-owned subsidiary of Falcon Energy Group Limited, pursuant to which the Offeror acquired 217,800,000 Shares, representing approximately 30.90% of the total number of Shares in the capital of the Company for a purchase consideration of S$0.115 per Share; and
(b) a sale and purchase agreement with SZ Offshore Investment Pte. Ltd., pursuant to which the Offeror acquired 153,846,150 Shares, representing approximately 21.83% of the total number of Shares in the capital of the Company for a purchase consideration of S$0.13 per Share.
As a result of the Acquisitions, the Offeror owns, controls or has agreed to acquire an aggregate of 371,646,150 Shares, representing approximately 52.72% of the total number of Shares in the capital of the Company.
More details in http://infopub.sgx.com/FileOpen/Offer%20...eID=517657
Specuvestor: Asset - Business - Structure.
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CHO has a pretty good balance sheet but the market for its vessels continue to be weak.
http://infopub.sgx.com/FileOpen/CHOresul...eID=543587
Baker Tech was thought to have bought its stake in CHO for a very good price, but until CHO provides some value to Baker -- whether from CHO dividends or sale proceeds of CHO shares -- it is probably still early to tell whether Benety Chang is as good a capital allocator as his past results proved. Retailers who believe in his ability can now buy CHO shares at at even better price.
Again, we are confronted with the question of when activity in offshore construction will resume its former glory. And for that matter, when oil prices will return to higher levels.
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CHO has a pretty good balance sheet but the market for its vessels continue to be weak.
http://infopub.sgx.com/FileOpen/CHOresul...eID=543587
Baker Tech was thought to have bought its stake in CHO for a very good price, but until CHO provides some value to Baker -- whether from CHO dividends or sale proceeds of CHO shares -- it is probably still early to tell whether Benety Chang is as good a capital allocator as his past results proved. Retailers who believe in his ability can now buy CHO shares at at even better price.
Again, we are confronted with the question of when activity in offshore construction will resume its former glory. And for that matter, when oil prices will return to higher levels.
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Notice of 3 Consecutive Years' Losses
CH Offshore gives notice that:
(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and
(ii) its latest 6-month average daily market capitalisation as at 12/03/2019 is S$75,423,499
More details in https://links.sgx.com/1.0.0/corporate-an...uddies.com
Specuvestor: Asset - Business - Structure.
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Notice of 3 Consecutive Years' Losses
CH Offshore gives notice that:
(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and
(ii) its latest 6-month average daily market capitalisation as at 12/03/2019 is S$75,423,499
More details in https://links.sgx.com/1.0.0/corporate-an...uddies.com
Specuvestor: Asset - Business - Structure.
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16-10-2020, 07:47 AM
CH Offshore
Disposal of two OSV vessels @USD1.65m as part of ordinary course of business.
Expects net loss of USD1.9m
Cash proceeds will stengthen its liquidity and for working capital and fleet expansion.
https://links.sgx.com/FileOpen/CHO_annt_...eID=635458
Stay home and stay healthy, everyone.
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16-10-2020, 07:47 AM
CH Offshore
Disposal of two OSV vessels @USD1.65m as part of ordinary course of business.
Expects net loss of USD1.9m
Cash proceeds will stengthen its liquidity and for working capital and fleet expansion.
https://links.sgx.com/FileOpen/CHO_annt_...eID=635458
Stay home and stay healthy, everyone.
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