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EcoWise
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join the rally for Ecowise(bullish close)
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Blackcitron
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28-May-2021 09:51
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Maybe good news coming soon . Maybe going to do gloves with rubber . Haha | ||||
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SmallSmall
Supreme |
28-May-2021 09:49
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Should trend towards $0.055 later. Definitely got shorts with such volume
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SmallSmall
Supreme |
28-May-2021 09:34
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This one better don' t short with such volume and % increase. You have been warned. | ||||
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UltraBoy
Member |
28-May-2021 09:27
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10 very soon. | ||||
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Blackcitron
Member |
28-May-2021 09:27
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Finally . What's the mid term target ? 0.07 , 0.08
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kingofgamblers
Senior |
28-May-2021 09:23
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wah...what' s up??? | ||||
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superstartup
Supreme |
27-May-2021 13:07
Yells: "Enjoy doing Fundamental Research" |
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Thanks for the kopi $. |
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Blackcitron
Member |
27-May-2021 12:47
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Finally moving steadily up
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Blackcitron
Member |
22-May-2021 21:09
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What's your opinion ?
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Joelton
Supreme |
22-May-2021 14:25
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ecoWise Holdings receives requisition notice from three shareholders to convene EGM
CATALIST-LISTED environmental solutions provider ecoWise Holdings announced that it received a requisition notice from three members of the company - Tan Swee Boon, Tan Jin Beng Winston and Sunny Ong Keng Hua - to convene an extraordinary general meeting.
The company is currently verifying the shareholdings of each of the requisition members, and seeking legal advice on the validity of the requisition notice. As such, its directors have not reached any conclusive views.
ecoWise said that the proposed resolutions will be " considered carefully" only after the validity of the notice has been verified and confirmed, and the company will update shareholders when there are material developments.
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Joelton
Supreme |
29-Apr-2021 08:41
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ecoWise fully disposes stake in Saiko Rubber (Malaysia) for $5.8 mil
ecoWise Holdings has disposed of its 51% stake in Saiko Rubber (Malaysia) for a consideration of RM18 million ($5.8 million).
The sale and purchase agreement was entered into by ecoWise&rsquo s subsidiary Sunrich Integrated and Kasan Corporation for the sale of 357,000 ordinary shares in Saiko.
Prior to the disposal, ecoWise owned 51% in Saiko while the remaining 49% was owned by Kato Sansho.
Kasan Corporation, a private company incorporated in Malaysia, is wholly-owned by Japan-incorporated company Kato Sansho.
Following the completion of the disposal, ecoWise will no longer have any interest in Saiko.
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Saiko, for the FY2020, recorded net profit of $1.2 million. The carrying value of ecoWise&rsquo s stake in Saiko amounted to $4.21 million as at Oct 31, 2020.
The net proceeds from the disposal is approximately $5.8 million, representing a gain of $1.6 million over Saiko&rsquo s net book value.
Each of the book value and net tangible assets (NTA) of Saiko amounted to around $7.6 million as at Oct 31, 2020.
Saiko was a joint venture between ecoWise Holdings and Kato Sansho, and is in the business of manufacturing and trading of rubberised products.
According to ecoWise, the reasons for the proposed disposal was due to Saiko&rsquo s labour-intensive business with low value-add and no advance technology.
Furthermore, a majority of Saiko&rsquo s equipment has exceeded its useful life and has been used for 20 to 30 years, which means high cost of maintenance and high cost of replacement of such equipment.
Proceeds from the disposal will improve ecoWise&rsquo s cash flow position.
The disposal has been completed as Kasan Corporation has already fully paid the consideration amount to ecoWise on April 23, the same day that the agreement was signed.
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Stocksguru
Master |
28-Apr-2021 13:49
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no news about the halt?
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Blackcitron
Member |
28-Apr-2021 13:30
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Today last day of halt
After suspension !
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Blackcitron
Member |
26-Apr-2021 13:22
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Trading half. Pending news release | ||||
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kingofgamblers
Senior |
23-Mar-2021 17:01
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sigh kenna duped!!! | ||||
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makdatok
Supreme |
23-Mar-2021 14:44
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Join at 37 | ||||
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ppbc88
Member |
23-Mar-2021 11:56
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What?s the deal for this | ||||
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Blackcitron
Member |
23-Mar-2021 09:26
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Shining star today | ||||
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SmallSmall
Supreme |
22-Mar-2021 16:49
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Good chance to accumulate at $0.034 and below as company buys back shares at $0.035 on 9 March 2021 | ||||
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hmmhmm
Elite |
24-Feb-2021 14:53
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Hmm....climbing slowly w low volume.... | ||||
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