| Latest Forum Topics / JES Intl Last:0.026 -- |
 Post Reply
|
|
JES International Holdings
|
|||||
|
Joelton
Supreme |
22-Jan-2024 10:23
|
||||
|
x 0
x 0 Alert Admin |
JES&rsquo controlling shareholder not in position to make exit offer
JES International Holdings&rsquo controlling shareholder is in no position to make an exit offer, and the company is not aware of any other party that can make such an offer.
The company made the announcement last Friday (Jan 19), following a delisting notification from SGX Regulation on Jan 5.
In an announcement on Jan 13, the company said that it is finalising an agreement to transfer its listing status to a third party company which is seeking to list and quote its shares on Catalist.
The company added that it will make the necessary announcements when there is any further development on the exit offer.
JES shares have been suspended from trading since Mar 4, 2015.
|
||||
| Useful To Me Not Useful To Me | |||||
|
TA_Expert
Supreme |
08-Oct-2020 05:51
Yells: "The World has changed" |
||||
|
x 0
x 0 Alert Admin |
A forgotten company. One of the S-chips that caused retails lost millions. Why Singapore investors still like to invest in S-chips? Many S-chips went up in smoke after slaughtered Singapore retails. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Huatsweeswee
Master |
20-Aug-2019 20:35
|
||||
|
x 0
x 0 Alert Admin |
Just wait for their letter.
|
||||
| Useful To Me Not Useful To Me | |||||
|
TA_Expert
Supreme |
20-Aug-2019 15:24
Yells: "The World has changed" |
||||
|
x 0
x 0 Alert Admin |
JES to be taken over by PLMP Blockchain Pte Ltd, a new start-up company in 2019. From ship building to FinTech, what' s the story behind? |
||||
| Useful To Me Not Useful To Me | |||||
|
TA_Expert
Supreme |
15-Apr-2019 15:30
Yells: "The World has changed" |
||||
|
x 0
x 0 Alert Admin |
I wonder how many Singapore investors are affected. Nobody seems to talk about it anymore after a few years have passed. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
TA_Expert
Supreme |
15-Apr-2019 15:28
Yells: "The World has changed" |
||||
|
x 1
x 0 Alert Admin |
After JES and MIDAS, I wonder who is next in line. | ||||
| Useful To Me Not Useful To Me | |||||
|
granto
Master |
26-Oct-2018 11:14
|
||||
|
x 0
x 0 Alert Admin |
JES declared bankrupt by court https://splash247.com/jes-declared-bankrupt-by-court/ | ||||
| Useful To Me Not Useful To Me | |||||
|
TA_Expert
Supreme |
10-Sep-2018 17:36
Yells: "The World has changed" |
||||
|
x 0
x 0 Alert Admin |
After a few years, the company went silent. History has shown that those who invested in S-chips is SGX have lost their money. With weak corporate governance and control, many of the S-chip companies are bounded to fail over time. The recent high saga was Midas, the darling / favourite stock by many houses. Looked what happend after all these years. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
mickeymouse
Member |
09-Sep-2017 02:59
|
||||
|
x 0
x 0 Alert Admin |
JES Intl officially died yesterday based on that announcement. After Maya is taken out, it became an empty shell. Hopeless counter. Let' s see what can Miss Jin pulls out from her sleeves. From MoonRiver to Congo forest to Maya. What is next? | ||||
| Useful To Me Not Useful To Me | |||||
|
NextEvolution
Elite |
12-Aug-2017 13:49
|
||||
|
x 0
x 0 Alert Admin |
Where's the more than US$500 billion 21.5 sq km mineral mine in Tacheng City, China's Xinjiang Uygur autonomous region.... L O L
http://www.straitstimes.com/business/jes-international-shares-soar-after-releasing-bullish-report-on-target-acquisition |
||||
| Useful To Me Not Useful To Me | |||||
|
Demostation
Supreme |
12-Aug-2017 13:20
|
||||
|
x 0
x 0 Alert Admin |
No up dates from friends. Last AGM held on a date that clashed with so many AGMs, so I think not many people attended.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Huatsweeswee
Master |
11-Aug-2017 23:02
|
||||
|
x 0
x 0 Alert Admin |
Anyone read today updates? Any clue? | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
mickeymouse
Member |
05-Aug-2017 18:17
|
||||
|
x 0
x 0 Alert Admin |
It is impossible to get it listed again. If you look at one of the announcements recently. The controlling shareholder is JESO and now the CEO of JES is not the owner of JESO. It means that for the past few years she thought she was the controlling shareholder of JES but in actual fact, she is not even a shareholder now. Her uncle which is Jin Zhu is the rightful controlling shareholder of JES now based on the certificate of incumbency of JESO. This will actually prevent the current CEO from doing anything and she better hope the financial numbers are correct. When there is a change of dynasty, the fastest way to finish off the previous group of management is to dig out all the dirt from the financial numbers and make a police report, thus, turning all the wrong-doings into criminal offences. http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3Months& F=M9RBW2E3RE1SMLOE& H=4e7357102a9513d1c638b87049fab2d0ca247e07ac58a0ead50638b8a78cf719& fileId=JES%20Announcement%20-%20Company%20Matters.pdf This announcement sealed the fate of the management.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Demostation
Supreme |
31-Jul-2017 08:19
|
||||
|
x 0
x 0 Alert Admin |
Anyone attended their AGM recently? Last time I heard they were working very hard to relist the company.
|
||||
| Useful To Me Not Useful To Me | |||||
|
mickeymouse
Member |
29-Jul-2017 22:53
|
||||
|
x 0
x 0 Alert Admin |
Not sure if you watch the show about Madoff, the father committed the crimes and setup one of the world biggest Ponzi scheme and the children can swear blind and said don' t know? I am not saying that the current CEO is part of it but why she is not in Singapore for so long to explain? At the very minimum, come to Singapore during board meetings, AGMs and EGMs. Or is she held back in China? The entire Maya deal does not make any logical sense at all. Why pay in cash when you normally can issue new shares to buy over Maya? Where to get such money? Loan sharks or some schemes that will marginalise the existing shareholders coming up? I don' t think any bank with a sounded mind will lend them the money.
|
||||
| Useful To Me Not Useful To Me | |||||
|
raclee87
Member |
28-Jul-2017 10:12
|
||||
|
x 0
x 0 Alert Admin |
Omg JES delisted already... And the dad still in jail? Lol when then will get my money back... |
||||
| Useful To Me Not Useful To Me | |||||
|
GuavaXF30
Elite |
28-Jul-2017 10:12
|
||||
|
x 0
x 0 Alert Admin |
At least they are trying. It is obvious the previous chaiman and CEO robbed the compnay blind. Perhaps with this new management, a new beginning can happen ? Won' t be over night though.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Coralchan
Member |
28-Jul-2017 09:52
|
||||
|
x 0
x 0 Alert Admin |
Been a quiet reader, but I really don't know how they will have the cash to purchase Maya | ||||
| Useful To Me Not Useful To Me | |||||
|
mickeymouse
Member |
12-Jun-2017 12:20
|
||||
|
x 0
x 0 Alert Admin |
Can see the company trying to come out with something to do restart the game again. But the deals all doesn' t make sense at all. Let' s put it this way. Why Maya put in its operations into a dead company that is 6 ft under? It is a suspended company and it is a company that has a massive negative earning, with Maya' s operations, it can do better than that. The 2nd thing one has to be aware, Maya will cost them 16m and where are they going to come out with money? Steal, borrow and rob? Maybe they will resort to look for convertible renouncible note or ELN to shore up themselves. But then, the ultimate losers are the minority shareholders at the initial stage. Miss Jin is naive to say that she will be in control after all these. The ultimate beneficiary is likely to be the financiers. It is a very simple equation, you have cash in the company, you will lose control. If you want to gain control of the company, you need to have the money to shore up the whole thing yourself. Now they found a certificate of incumbency with Miss Jin' s uncle as the 65% shareholder of JESO. So now, all the uncle needs to do is to come to Singapore, call for EGM, oust the entire board and install a new CEO. Change of dynasty. This is the last stroke that her father is teaching her while he is in jail. Who will believe the father did all the cooking the books and the daughter wasn' t involved in the whole thing? Simply push all the blame and said that someone has stolen all the books and reset the whole game, SGX stupid enough to believe in this. The best part is, how come SGX did not force this company to be delisted after so many problems? Remember Bernie Madoff?
|
||||
| Useful To Me Not Useful To Me | |||||
|
sh0rthere
Senior |
27-May-2017 16:55
|
||||
|
x 0
x 0 Alert Admin |
Suay as hell. Lol | ||||
| Useful To Me Not Useful To Me | |||||