| Latest Forum Topics / Asian Micro Last:0.004 -- |
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17LIVE
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Fisherman888
Member |
09-Nov-2021 15:49
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Taking off soon hold tight | ||||
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PQTPQK
Supreme |
09-Nov-2021 15:39
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seem 0.009 going to clear ...?
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Fisherman888
Member |
09-Nov-2021 15:05
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After HGH,high chance of Asian Micro to follow get ready. | ||||
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longterminvestor
Master |
09-Nov-2021 13:43
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Any news today? | ||||
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Mystic_D_001
Member |
05-Oct-2021 23:04
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$0.007 can collect.
$0.008 if triggered then maybe can join. Vamos. DYODD |
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colincheong
Senior |
05-Oct-2021 20:57
Yells: "Huat Ah...." |
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Had been quiet for a way since the selling a piece of land. Hope Victor can do something interest to boost up the share price. |
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gravity8888
Supreme |
28-Sep-2021 09:17
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Extend contract w rolls Royce..no run | ||||
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gravity8888
Supreme |
22-Sep-2021 09:30
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Sold mine at .008 earn 1pip .. very hard to play this ..good luck | ||||
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SmallSmall
Supreme |
22-Sep-2021 09:07
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This one the major shareholder very steady. The last time he was issued shares at $0.004 and he did not sell a single share when it went to $0.022. Noiw back for second round |
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SmallSmall
Supreme |
22-Sep-2021 09:05
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PROPOSED ACQUISITION OF 40% OF THE TOTAL ISSUED SHARE CAPITAL OF ASIAN MICRO REALTY DEVELOPMENT, INC. 1. INTRODUCTION The Board of Directors (the &ldquo Board&rdquo ) of Asian Micro Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company has on 21 September 2021 entered into a conditional sale and purchase agreement (&ldquo SPA&rdquo ) with Mr Lim Kee Liew @ Victor Lim (" Mr Victor Lim&rdquo ), Mdm Leong Lai Heng (&ldquo Mdm Leong&rdquo ) and Ms Lin Meijuan Sophia (&ldquo Ms Sophia Lin&rdquo , and collectively with Mr Victor Lim and Mdm Leong, the &ldquo Vendors&rdquo ) to acquire ordinary shares of Asian Micro Realty Development, Inc. (&ldquo Target Company&rdquo ) representing 40.0% of the total issued share capital of the Target Company (&ldquo Sale Shares&rdquo ), on the terms and conditions of the SPA (&ldquo Proposed Acquisition&rdquo ). 2. INFORMATION ON THE TARGET COMPANY AND THE VENDORS 2.1 The Target Company is a company incorporated in the Philippines and is engaged in the development and leasing of real estate. As at the date of this announcement, the Target Company owns three parcels of land with a total land area of approximately 12,017 square meters (&ldquo Target Company Land&rdquo ), three warehouses aggregating approximately 7,755 square meters are situated on the Target Company Land, two of which aggregating approximately 7,165 square meters are currently leased out at an aggregate monthly rental of US$29,300.00. 2.2 As at the date of this announcement, the Target Company has an issued and paid-up share capital of Php1,250,000, comprising of 12,500 ordinary shares. As at the date of this announcement, the shareholders of the Target Company comprise the following persons: No. of ordinary shares held % of issued share capital of Target Company (a) Mr Victor Lim 2,499 19.99% (b) Mdm Leong 1 0.01% (c) Ms Sophia Lin 2,500 20.00% (d) Saveone Inc. (&ldquo Saveone&rdquo ) 7,497 59.97% (e) Agnes S. Garcia (&ldquo Ms Garcia&rdquo ) 1 0.01% 2 (f) Angel Ragadio (&ldquo Ms Ragadio&rdquo ) 1 0.01% (g) Roselyn C. Pimentel (&ldquo Ms Pimentel&rdquo ) 1 0.01% TOTAL 12,500 100.00% 2.3 Mr Victor Lim is the Group&rsquo s Executive Chairman, Chief Executive Officer and Group Managing Director. Mdm Leong is Mr Victor Lim&rsquo s spouse, and Ms Sophia Lin is Mr Victor Lim&rsquo s and Mdm Leong&rsquo s daughter. Mr Victor Lim holds direct interest in 573,590,968 ordinary shares (&ldquo Shares&rdquo ), representing approximately 36.81% of the total issued share capital of the Company. Mdm Leong holds direct interest in 319,387,674 Shares, representing approximately 20.5% of the total issued share capital of the Company. Mr Victor Lim and Mdm Leong are deemed interested in each other&rsquo s direct shareholding in the Company, and together, they jointly hold direct and deemed interest in 892,978,723 Shares1 representing approximately, 57.31% of the total issued share capital of the Company. Accordingly, each of them is deemed a controlling shareholder of the Company. Ms Sophia Lin holdings the 2,500 ordinary shares in the Target Company as a bare trustee for and on behalf of Mdm Leong. 2.4 Saveone currently is a dormant company incorporated in the Philippines and was previously engaged in the retail, distributing, import, export and trading of goods. The shareholders of Saveone comprise the following individuals: No. of ordinary shares held % of issued share capital of Target Company (a) Mr Victor Lim 5,000 20.00% (b) Ms Sophia Lin 5,000 20.00% (c) Ms Garcia 9,999 40.00% (d) Ms Ragadio 5,000 20.00% (e) Ms Pimentel 1 - TOTAL 25,000 100.00% 2.5 Shares held in the Target Company and Saveone by each of Ms Garcia, Ms Ragadio and Ms Pimentel are held on trust by them for and on behalf of Mr Victor Lim. The shares in the Target Company are held by Ms Garcia, Ms Ragadio and Ms Pimentel to comply with requirements under Philippines laws. 1 Including 5 Shares held by Ultraline Technology (S) Pte Ltd (&ldquo Ultraline&rdquo ) and 76 Shares held by American Converters Industries Pte Ltd (&ldquo American Converters&rdquo ). Mr Victor Lim and Mdm Leong each hold 50% of the issued share capital of Ultraline and American Convertors, and are deemed interested in the Shares held by Ultraline and American Converters. 3 2.6 Based on the audited financial statements of the Target Company for the financial year ended 31 December 2020 (&ldquo FY2020&rdquo ), the profit before tax and profit after tax of the Target Company for FY2020 were Php10,768,200 (S$296,300) and Php10,088,500 (S$277,600) respectively and the net tangible asset value and net asset value of the Target Company as at 31 December 2020 were both Php95,089,300 (S$2,616,800). 2.7 Pursuant to the terms of the SPA, each of Mr Victor Lim, Mdm Leong and Ms Sophia Lin will sell the following number of Sale Shares to the Company: No. of Sale Shares % of issued share capital of Target Company (a) Mr Victor Lim 2,499 19.99% (b) Mdm Leong 1 0.01% (c) Ms Sophia Lin 2,500 20.00% TOTAL 5,000 40.00% 2.8 On completion of the Proposed Acquisition (&ldquo Completion&rdquo ), the Company will own 40.0% of the total issued share capital of the Target Company, and the Target Company will become an associated company of the Company. The shareholding of the Target Company upon Completion will be as follows: No. of ordinary shares held % of issued share capital of Target Company (a) The Company 5,000 40.00% (b) Saveone 7,497 59.97% (c) Ms Garcia 1 0.01% (d) Ms Ragadio 1 0.01% (e) Ms Pimentel 1 0.01% TOTAL 12,500 100.00% 3. RATIONALE FOR THE PROPOSED ACQUISITION In 2015, the Group diversified its existing core business to include the investment in, trading of, and development of residential, commercial, retail and industrial properties within Singapore and overseas. The Proposed Acquisition would improve the profitability of the Company through sharing of profits from the Target Company and improve the cashflow position of the Company when the Target Company declares dividends. The Board believes that the Proposed Acquisition will enhance the long-term interests of the Company and enhance Shareholders&rsquo value. 4 4. PRINCIPAL TERMS OF THE PROPOSED ACQUISITION 4.1 Sale and Purchase of the Sale Shares and Purchase Price (a) Pursuant to the terms of the SPA, the Vendors shall sell to the Company, and the Company shall acquire from the Vendors, the Sale Shares free from all encumbrances and with all rights attached thereto for an aggregate purchase consideration of S$2,400,000 (&ldquo Purchase Price&rdquo ). The Purchase Price was arrived at on a willing-buyer, willing-seller basis, after negotiations which were conducted at arm&rsquo s length between the Company and the Vendors and taking into consideration factors such as the net profits/earnings of the Target Company the historical financial performance of the Target Company and the potential benefits that may accrue to the Group. (b) The Purchase Price shall be payable by the issue of an aggregate 400,000,000 new Shares (&ldquo Consideration Shares&rdquo ) at an issue price of S$0.006 per Consideration Share (&ldquo Issue Price&rdquo ) to the Vendors (and/or their nominees). The Consideration Shares represents approximately 25.7% of the existing share capital of the Company as at the date of this announcement. After the completion of the Proposed Acquisition, the Consideration Shares will represent approximately 20.4% of the enlarged share capital of the Company comprising 1,958,244,795 Shares (&ldquo Enlarged Share Capital&rdquo ). The Company will be making an application to the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) through its continuing sponsor for the dealing in, listing of and quotation for the Consideration Shares on the Catalist Board of the SGX-ST. (c) Pursuant to the terms of the SPA, the Consideration Shares will be allotted and issued to the Vendors as follows: No. of Consideration Shares to be allotted and issued % of Enlarged Share Capital (a) Mr Victor Lim 199,920,000 10.2 (b) Mdm Leong 200,080,000 10.2 TOTAL 400,000,000 20.4 Based on the shareholding of Mr Victor Lim and Mdm Leong as at the date of this announcement, upon Completion, each of them will hold direct interest in 773,510,968 Shares and 519,467,674 Shares, respectively, representing approximately 39.50% and 26.53%% of the Enlarged Share Capital. Mr Victor Lim and Mdm Leong are deemed interested in each other&rsquo s direct shareholding in the Company, and upon completion of the Proposed Acquisition, they will jointly hold direct and deemed interest in an aggregate 5 1,292,978,723 Shares2 representing approximately 66.03% of the Enlarged Share Capital immediately after completion of the Proposed Acquisition. (d) The Issue Price of S$0.006 which represents the volume weighted average price for trades done on the Catalist Board of the SGX-ST on 21 September 2021, being the last full market day which the Shares were traded immediately preceding the date and up to the time the SPA was signed. The Issue Price was arrived at after arm&rsquo s length negotiations between the Vendors and the Company on a willing-buyer willing-seller basis, taking into account that the issuance of Consideration Shares would eliminate the need for the Purchase Price to be fulfilled in cash, thereby conserving cash for the Group for working capital purposes and for future acquisition opportunities. (e) The Consideration Shares shall be issued and allotted as fully paid-up, and shall be free from any and all Encumbrances, and shall rank pari passu in all respects with the existing Shares in issue, save that they shall not rank for any dividends, rights, allotments, distributions or entitlements, the record date of which falls on or prior ot the date of the issue and allotment of the Consideration Shares. | ||||
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Heerbrugg
Veteran |
20-Aug-2021 13:56
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Bought at 0.007. Good entry. May go back to 0.010 soon | ||||
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newbie1118
Master |
13-Jun-2021 17:31
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Looks promising. Volume hopefully slowly building up. Those who bought at 8 and 9 will be tempted to take profit at 10. | ||||
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eyesontrade
Member |
11-Jun-2021 10:55
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so far my watch on samko timber, matex and macropolo quite corrcet. next watching is this asian micron....high volume with price stay at 0.01 yesterday.....good to watch |
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xKaiseRx
Veteran |
10-Jun-2021 16:52
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bingo!
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Piston88
Supreme |
10-Jun-2021 16:36
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Today volume is like false alarm
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ThankYou
Supreme |
10-Jun-2021 15:19
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I bought at 14...
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gravity8888
Supreme |
10-Jun-2021 15:14
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What is the news.. Good vol today | ||||
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Piston88
Supreme |
10-Jun-2021 12:34
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Today volume suddenly shoot up .... May be got some movement coming .... stay tune
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Sibehboeng
Master |
10-Jun-2021 12:24
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Price still low compared to what i' m holding at..
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Piston88
Supreme |
10-Jun-2021 12:14
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Coming afternoon
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