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Global Test after 20:1 share consol & Cap Red/Dist
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DoChun
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27-Feb-2018 22:15
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How come they still afford to give so good dividend? |
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Cyprus68
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17-Aug-2017 13:52
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I am not sure either. However, it seems like the EPS of Q2 results swing to a net loss of 1.15c from 2.99c in 2016Q2 with higher COGS might have caused this. | ||
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elea88
Member |
15-Aug-2017 09:35
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how come share gap down so much today? any news? | ||
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DoChun
Member |
18-May-2017 13:30
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How come after dividend payout? There is no deduction of share price? Please advise tia |
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katak88
Master |
11-Apr-2017 09:30
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the Company intends to undertake a capital reduction exercise (the &ldquo Capital Reduction&rdquo ) to return to Shareholders surplus capital of the Company in excess of its needs by way of a cash distribution (the &ldquo Cash Distribution&rdquo ) by the Company to Shareholders of S$0.10 for each Share held by the Shareholders.Â
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katak88
Master |
11-Apr-2017 09:28
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At the same announcement date 20 Feb 2017, |
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katak88
Master |
11-Apr-2017 09:24
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Company briefs: Global Testing CorpPUBLISHED
FEB 21, 2017, 5:00 AM SGTGlobal Testing Corp Chip tester Global Testing Corp reported yesterday that fourth-quarter net profit surged 65.2 per cent to US$555,000 (S$787,200). Revenue was up 4.4 per cent to US$7.5 million for the three months to Dec 31, owing to more orders. Net profit for the 12 months inched up 1.2 per cent to US$3.7 million, while revenue fell 6.6 per cent to US$30.9 million.
The firm proposed a final dividend of 10 cents a share. Quarterly earnings per share was 1.57 US cents, from 0.95 US cent a year ago, while net asset value per share was US$1.34 as of Dec 31, from US$1.38 as of Dec 31, 2015.
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katak88
Master |
21-Feb-2017 09:45
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(I) THE PROPOSED DIVIDEND AND (II) THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION.
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katak88
Master |
12-Aug-2016 10:10
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EGM on 11 Aug 2016Â Pursuant to Rule 704(16) of the SGX Listing Manual, the Board of Directors (&ldquo Board&rdquo ) of Global Testing Corporation Limited (the &ldquo Company&rdquo ) wishes to inform that at the Extraordinary General Meeting (" EGM" ) of the Company held earlier today, all the resolutions relating to the matters set out in the Notice of EGM dated 19 July 2016 were duly passed. Ordinary Resolution: (1) THE PROPOSED DECLARATION OF A DIVIDEND OF S$0.10 PER ORDINARY SHARE FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2016 Special Resolution: (2) THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=KEEQRJKRL1XX9R59& H=fb083281f48be8dd7019439ad700e64e9cd69b9e531b4f459669ae9b4deb44e1 Â |
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katak88
Master |
05-Jun-2016 16:52
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Global Testing proposes dividend of S$0.10 per share, capital reduction exercise  By Soon Weilun
JUN 3, 2016Â 6:52 PM THE board of directors of Global Testing Corporation is proposing a dividend of S$0.10 per share. It is also proposing a round of capital reduction and cash distribution, both at S$0.10 per share. " The directors are of the view that the capital reduction is in the best interests of the company as the cash distribution comprises the issued and paid-up capital in excess of the immediate requirements of the company," the board wrote in a filing to the Singapore Exchange on Friday. Global Testing offers testing services for the semiconductor manufacturing industry. Â
An extraordinary general meeting (EGM) will be convened to seek shareholders' approval for the dividend, and the capital reduction and cash distribution exercises. The board has proposed a dividend of S$0.10 per ordinary share for the financial period ended March 31, 2016. As for the capital reduction exercise, it is looking to reduce the issued and paid-up share capital of the company by S$3,535,802.70, or S$0.10 per share, to S$50,189,033.91. The number of issued shares is unchanged, said the company. Net asset value (NAV) will thus be reduced from US$50,570 to US$47,939, resulting in a fall in NAV per share from US$1.43 to US$1.36. Return on equity will increase from 7.83 per cent to 8.26 per cent. In turn, a cash distribution amount of S$3,535,802.70, or S$0.10 per ordinary share held as at the books closure date, has been proposed. The distribution comprises the issued and paid-up capital in excess of the immediate requirements of the company, said the board. Global Testing' s counter was down 2.5 Singapore cents to close Friday at 92.5 Singapore cents. Â Â Â |
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katak88
Master |
25-May-2015 14:12
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Anyone has the full report from KGI
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katak88
Master |
25-May-2015 09:25
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1st day trading on 22/5/2015 (ex-date for 20 for 1 share consolidation and 7.5c/shs capital reduction & distribution), opened at $1.00 and closed at $1.35. (adjusted closing on 21/5 is $1.28) |
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katak88
Master |
22-May-2015 09:16
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Today is ex-date for 20:1 share consolidation and capital reduction/distribution of 7.5c/shs. Global Testing closed at 13.9c yesterday, the theoretical ex price should be = (13.9c - 7.5c) * 20 = (6.4cts)*20 =$1.28 GLOBAL TESTING CORPORATION LIMITED NOTICE OF BOOKS CLOSURE DATE FOR & ndash (I) THE PROPOSED SHARE CONSOLIDATION AND (II) THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION. (A) NOTICE OF BOOKS CLOSURE DATE FOR THE PROPOSED SHARE CONSOLIDATION 4. INDICATIVE TIMETABLE The table below sets out the indicative timetable for the proposed Share Consolidation: Expected Time and Date Event 18 May 2015 Issue of notice of Books Closure Date for the proposed Share Consolidation 5.00 p.m. on 21 May 2015 Cessation of trading of the existing Shares 9.00 a.m. on 22 May 2015 Effective Trading Date (Commencement of trading of the Consolidated Shares on the Main Board of the SGX-ST) Commencement of Temporary Counter 5.00 p.m. on 26 May 2015 Books Closure Date for the proposed Share Consolidation 9.00 a.m. on 27 May 2015 Share Consolidation Effective Date (Share Consolidation becomes effective) 5.00 p.m. on 21 July 2015 Cessation of Temporary Counter (B) NOTICE OF BOOKS CLOSURE DATE FOR THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION The Company HEREBY GIVES NOTICE that the transfer books and Register of Shareholders will be closed at 5.00 p.m. on 26 May 2015 (i.e. the Books Closure Date) in order to determine the entitlements of Shareholders to the proposed Cash Distribution pursuant to the proposed Capital Reduction. Shareholders whose Securities Accounts with CDP are credited with Shares at 5.00 p.m. on 26 May 2015 will be entitled to S$0.075 per Share held by the Shareholder as at the Books Closure Date. Duly completed registrable transfers received by the Company& rsquo s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., at 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623, up to 5.00 p.m. on 26 May 2015 will be registered to determine the Shareholders& rsquo entitlements to the proposed Cash Distribution. The payment of the proposed Cash Distribution is subject to, inter alia, (i) no creditors having applied to court for the special resolution of the proposed Capital Reduction and Cash Distribution passed at the AGM to be cancelled, and (ii) the Company completing the necessary filings with ACRA as provided under Section 78E of the Companies Act, after the end of six (6) weeks, and before the end of eight (8) weeks, beginning with the date the Capital Reduction and Cash Distribution resolution was passed, upon which the Capital Reduction will take effect. The Company will make the relevant announcements to update and notify the Shareholders of the effective date of the Capital Reduction and the date of payment of the Cash Distribution in due course. Subject to the Capital Reduction taking effect, the estimated payment date of the Cash Distribution is expected to be on or about 3 July 2015. http://infopub.sgx.com/FileOpen/GTCL_Notice%20of%20Book%20Closure.ashx?App=Announcement& FileID=352325 |
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