| Latest Forum Topics / The Place Hldg Last:0.003 -- |
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Oceanus major business model restructure
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HuatAh7898
Elite |
20-Dec-2023 21:04
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When sleeping period is too long it will be long gone and hard to make a come back |
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hschsc
Master |
20-Dec-2023 09:04
Yells: "Invest in financially healthy companies" |
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" After all, you only find out who is swimming naked.  when the tide goes out." | ||||
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HuatAh7898
Elite |
20-Dec-2023 06:40
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Will driver make a move soon on this sleeping counter | ||||
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jupabao123
Member |
19-Dec-2023 22:14
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any idea why i cannot trade this counter on dbsvickers? keep saying not available :/ | ||||
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ThroneKingdom
Senior |
21-Nov-2023 15:16
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you got the links ?
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ThroneKingdom
Senior |
02-Oct-2023 09:35
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Wated so long move elsewhere
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ThroneKingdom
Senior |
02-Oct-2023 09:31
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I sold off 8 run | ||||
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TeoMark
Veteran |
01-Oct-2023 19:39
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Use the interest free debt to pay off another debt with sky rocket interest rate. Seems like a good deal lei.
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Damnshiok
Master |
01-Oct-2023 18:53
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New visions owns reality centre... TPH' s holding in new vision diluted now...  when in debt, nothing is good... at others mercy..
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Stocky901
Supreme |
01-Oct-2023 11:33
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Can summarise and give your views? Thanks.
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Khaleesi
Member |
30-Sep-2023 16:49
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is it good news PROPOSED ISSUANCE BY NEW VISION HOLDING PTE. LTD. OF 12,000,000 NEW ORDINARY SHARES REPRESENTING 80% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF NEW VISION HOLDING PTE. LTD. &ndash COMPLETION AND UPDATES IN RELATION TO THE FACILITY AGREEMENT ENTERED INTO BY NEW VISION HOLDING PTE. LTD. The board of directors (the " Board" or the " Directors" ) of The Place Holdings Limited (the " Company" , and together with its subsidiaries, the " Group" ) refers to: (a) the Company' s announcement dated 29 August 2023 titled " Proposed Issuance by New Vision Holding Pte. Ltd. of 12,000,000 New Ordinary Shares Representing 80% of the Enlarged Issued and Paid-Up Share Capital of New Vision Holding Pte. Ltd." (" 29 August 2023 Announcement" ) (b) the Company' s announcement dated 14 September 2023 titled " Proposed Issuance by New Vision Holding Pte. Ltd. of 12,000,000 New Ordinary Shares Representing 80% of the Enlarged Issued and Paid-Up Share Capital of New Vision Holding Pte. Ltd. &ndash Grant of Waiver" (" 14 September 2023 Announcement" ) and (c) the Company' s announcements dated 11 May 2023, 29 May 2023, 20 June 2023, 4 July 2023, 11 July 2023, 25 July 2023, 3 August 2023 and 29 August 2023 (the " Facility Agreement Announcements" ). Capitalised terms used herein shall (unless otherwise defined herein) have the meanings ascribed to them in the 29 August 2023 Announcement and the Facility Agreement Announcements. Completion of Issuance The Board is pleased to announce that the Proposed Transaction was completed on 29 September 2023. Pursuant to the Proposed Transaction, (a) the Investee Company has allotted and issued to the Investor the Investment Shares (the " Issuance" ), and (b) the Investor and the Company have entered into the Investor Shareholder' s Interest-Free Loan Agreement for the purposes of extending the Investor Shareholder' s Interest-Free Loan to the Investee Company. Immediately prior to the Issuance, TPSI, a wholly-owned subsidiary of the Company, held 1,530,000 shares in the Investee Company, representing 51.0% of the total number of issued shares in the Investee Company. Following the Issuance, the total number of issued shares in the Investee Company has increased from 3,000,000 shares to 15,000,000 shares, and TPSI' s percentage shareholding in the 2 Investee Company has consequently been diluted from 51.0% to 10.2%. Accordingly, the Investee Company has ceased to be a subsidiary or an associated company of the Company. Update on Facility Agreement entered into by the Investee Company The Company refers to the Facility Agreement Announcements and wishes to update Shareholders that in connection with the completion of the Proposed Transaction, a prepayment notice has been provided to the Creditors and a redemption statement has been issued in connection therewith by Malayan Banking Berhad as Facility Agent under the Facility Agreement (the " Redemption Statement" ). Following receipt of the Investor Shareholder' s Interest-Free Loan upon completion of the Proposed Transaction, the Investee Company has utilised part of the Investor Shareholder' s InterestFree Loan towards the full repayment of all amounts owing to the Creditors under the Facility Agreement in accordance with the Redemption Statement. Update on Waiver Conditions As set out in the 14 September 2023 Announcement, the Company has obtained a waiver (" Waiver" ) from Rule 805(2) from the SGX-ST such that the Company will not be required to seek prior Shareholders' approval for the Issuance. The Waiver is subject to the following conditions: (i) the Company announcing the Waiver granted, the reasons for seeking the Waiver, the conditions as required under Rule 107 and if the Waiver conditions have been satisfied. If the Waiver conditions have not been met on the date of the announcement, the Company must make an update announcement when the conditions have all been met (ii) submission of a written confirmation from the Company that the Waiver does not contravene any laws and regulations governing the Company and the constitution of the Company (iii) the Company obtaining Shareholders' approval of the Issuance by way of ratification at an extraordinary general meeting (" EGM" ) to be convened within three (3) months from the completion of the Issuance and (iv) submission of written undertakings from substantial shareholders who collectively hold a majority of the issued Shares to: (A) vote in favour of the Issuance during the ratification EGM, and (B) not decrease their shareholdings in the Company as at the point of providing the undertakings until the conclusion of the EGM. As at the date of this announcement, save for the Waiver condition set out at paragraph (iii) above, all other Waiver conditions have been met. The Company will issue a circular setting out further information on, inter alia, the Issuance, and the notice to convene the ratification EGM in due course. Shareholders and potential investors of the Company are advised to exercise caution in trading the Company&rsquo s Shares. Shareholders and potential investors are advised to read this announcement and any further announcements by the Company carefully. Shareholders and potential investors should consult their stockbrokers, solicitors or other professional advisors if they have any doubts as to the actions they should take. 3 BY ORDER OF THE BOARD Ji Zenghe Executive Chairman 29 September 2023
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TraderBen
Supreme |
28-Sep-2023 22:34
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Property Chui in China doesn?t bode well
With TPH.. they should have an aaars being the most halted company for the year |
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Damnshiok
Master |
28-Sep-2023 20:43
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Ji bai siao liao | ||||
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Johnsnow
Elite |
28-Sep-2023 12:53
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100% good news support
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ThroneKingdom
Senior |
28-Sep-2023 08:42
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Halt hosay liao, good good news | ||||
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Damnshiok
Master |
26-Sep-2023 19:33
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Yah someone splurge $2400 on 8... must be a damn big BB... wahaha
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Stocky901
Supreme |
26-Sep-2023 18:46
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One cent coming.. 🥇 🥇 | ||||
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ThroneKingdom
Senior |
26-Sep-2023 18:03
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wow..somebody buy 8 got good news coming | ||||
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Joelton
Supreme |
15-Sep-2023 10:29
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THE PLACE HOLDINGS: Obtains Wavier from SGX for EGM 
 
 
As stated in the Previous Announcement, The Place Singapore Investment Pte. Ltd. (" TPSI" ), a wholly-owned subsidiary of the Company, currently holds 1,530,000 shares in the share capital of the Investee Company, representing 51.0% of the total issued and paid-up share capital of the Investee Company. 
 
Following Completion of the Proposed Issuance, TPSI will hold 1,530,000 shares in the share capital of the Investee Company, which will represent 10.2% of the enlarged total issued and paid-up share capital of the Investee Company on a postCompletion basis.
 
Under Rule 805(2) of the Listing Manual (" Listing Manual" ) of Singapore Exchange Securities Trading Limited (the " SGX-ST" ), an issuer must obtain the prior approval of shareholders in general meeting if a principal subsidiary of the issuer issues shares that will or may result in the principal subsidiary ceasing to be a subsidiary of the issuer. 
 
As the Proposed Issuance will result in the Investee Company ceasing to be a subsidiary of the Company, the Company had inter alia sought a waiver (" Waiver" ) from Rule 805(2), such that the Company will not be required to seek prior Shareholders' approval for the Proposed Issuance.
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LionkingLeon
Member |
14-Sep-2023 13:05
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tong 8 to sell quite long so far  ![]()
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