Latest Forum Topics / ASTI Last:0.014 -- |
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1Q 2015 PROFIT from loss in 1Q 2014....RALLY TODAY
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tankoksee
Elite |
05-Jul-2022 12:04
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good ending............ dragon/asa/asti.. basically are scams.... |
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MakeChanges
Elite |
05-Jul-2022 08:04
![]() Yells: "No price is too low for a bear or too high for a bull" |
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SUSPENDED ! | ||||
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hschsc
Veteran |
04-Jul-2022 19:19
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DIE! Die! The ASTI  Board wishes to inform shareholders that the Chairman, Dato&rsquo Michael Loh Soon Gnee, has confirmed that he does not intend to make an exit offer to shareholders. 3. The Company is currently exploring all possible options in relation to providing the Shareholders with an exit offer proposal. 4. The Company&rsquo s securities will be suspended from 9 a.m., 5 July 2022 until completion of the exit offer.  
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tankoksee
Elite |
01-Jul-2022 16:13
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4 july...last trading day before the suspension for delisting.. | ||||
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hschsc
Veteran |
10-Jun-2022 21:01
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But  the balance sheet ![]() ![]() ![]()
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DuoLuckDuo
Member |
10-Jun-2022 18:39
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Hope this MOU will move the price up to 20. 🤞 🏼 | ||||
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ComeHuat
Member |
10-Jun-2022 17:32
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Another may be good news. https://links.sgx.com/FileOpen/ASTI_EoCell_Memorandum%20of%20Understanding.ashx?App=Announcement& FileID=720418 |
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desmondxyz
Senior |
09-Jun-2022 09:53
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This company is rotten inside out. Beware!
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DuoLuckDuo
Member |
09-Jun-2022 09:52
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Bought 100 lots at 13, queuing another 100 at 12. Really a 50/50 bet on chances... could go very well or very badly... probably outcome will surface in a fortnight. Cross fingers and toes 😅 |
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Joelton
Supreme |
09-Jun-2022 09:02
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Asti associate EoCell in talks for potential SPAC combination
LITHIUM-ION battery manufacturer EoCell, an associate of Asti Holdings : 575 -7.14%, has entered into a non-binding letter of intent with an unnamed publicly-traded special-purpose acquisition corporation (SPAC) for a potential combination.
 
If a definitive agreement is reached after negotiations, and the business combination is completed, it is expected that the SPAC will acquire EoCell by reverse triangular merger, or by a similar structure mutually agreed by the parties the shareholders of EoCell will become shareholders of the SPAC, said Asti, a watch-listed semiconductor manufacturing services company, in an exchange filing on Wednesday (Jun 8).
 
&ldquo Shareholders and potential investors should note that there is no assurance that a definitive agreement will be entered into, or that the transaction will be completed if a definitive agreement is entered into,&rdquo the company said.
 
Asti, which has an indirect interest in EoCell, will accordingly have an indirect interest in the SPAC, if the transaction is completed.
 
None of Asti&rsquo s directors, substantial shareholders and/or any of their respective associates, other than EoCell, has any direct or indirect interest, other than through their shareholdings in the company, in the transaction.
 
Asti said it will announce further details regarding the transaction, including the identity of the SPAC, as permitted by the parties. It will also make a further announcement if a definitive agreement is not entered into.
 
Asti said on Monday that it will be delisted from the Singapore bourse for failing to meet the requirements to exit the watch list. It has on the watch list since Jun 6, 2019.
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ComeHuat
Member |
09-Jun-2022 09:00
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Nippecraft has similar situation in year 2017, after transfer from Mainboard to Catalist, delisting issue settle.
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DuoLuckDuo
Member |
09-Jun-2022 08:48
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Now at 13 😅 😅
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DuoLuckDuo
Member |
09-Jun-2022 08:44
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Reaction to it seems mild. Starting queue at 14 only 
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ComeHuat
Member |
08-Jun-2022 23:21
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Maybe good news https://links.sgx.com/1.0.0/corporate-announcements/S9X5QL2T54W3RIHW/99755bcace1d63a49fbfde3135f8a5740444c387cc0e614c109a2b0e7b900223 | ||||
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ComeHuat
Member |
08-Jun-2022 23:16
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ASTI can transfer to Catalist to prevent delisting. | ||||
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hschsc
Veteran |
07-Jun-2022 16:16
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If ASTI has so much cash, why does SGX think they have a problem? Don' t extend the deadline? We will have to wait for their latest financial report to come out. | ||||
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IKHWAN
Member |
07-Jun-2022 15:41
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👍 agree...Worth more!!!!
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ComeHuat
Member |
07-Jun-2022 09:46
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We can see the company has cash on hand around S$23mil, and book vaule is S$0.10. If exit offer is $0.05, cash needed is $9.7mil (654,731,486 Shares X $0.05 = $32.7mil  less  $23mil cash on hand),  and 5 main shareholders (Loh Soon Gnee (19.89%),  Soh Pock Kheng (13.27%),  Heah Theare Haw (6.34%),  Ng Yew Nam (5.05%),  Unknow (4.40%))  each buy and $2mil, it' s a good deal. Correct me if i am wrong. |
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Joelton
Supreme |
07-Jun-2022 09:08
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Asti Holdings to be delisted
WATCH-LISTED semiconductor manufacturing services company Asti Holdings : 575 +5.88% will be delisted from the Singapore bourse as it has failed to meet requirements for exiting the watch list, the company said in a bourse filing on Monday (Jun 6).
 
Asti has been placed on the watch list since Jun 6, 2019.
 
SGX&rsquo s financial exit criteria indicate that a firm may be removed from the watch list if it records consolidated pre-tax profit for the most recently completed financial year, and posts an average daily market capitalisation of at least S$40 million over the last 6 months.
 
Asti, however, logged pre-tax losses of S$16.4 million for FY2021, based on unaudited financial statements. It recorded S$252,000 in pre-tax losses for the financial year ended Dec 31, 2020.
 
The company&rsquo s average market capitalisation over the 6 months ended Apr 29, 2022 is approximately S$18.2 million.
 
As such, the company&rsquo s securities will continue to be traded until 5.16 pm on Jul 4, and trading will remain suspended from Jul 5, until the completion of its exit offer to shareholders.
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spursfan
Elite |
07-Jun-2022 08:47
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7. The Company is required to inform the SGX-ST the terms of the exit offer proposal as soon as practicable and no later than one month from the date of the Delisting Notification, and also to provide an update of the status of the exit offer proposal on the SGXNET. 8. Therefore, in accordance with the Delisting Notification, the Company&rsquo s securities will be delisted. 9. The Company&rsquo s securities will continue being traded until 5.16 p.m. 4 July 2022 and trading will remain suspended from 9 a.m., 5 July 2022 until completion of the exit offer. 10. The Company will keep Shareholders informed of any developments in this regard and will continue to keep Shareholders updated on any material developments as and when appropriate.
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