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0.033 is drying up.
Once again, another pump and dump tactic used by BBs for so many times.
Up 0.04, then plunged to 0.032.
I hope that minority shareholders could see the trick. Remember to sell into the rally.
Up 0.04, then plunged to 0.032.
I hope that minority shareholders could see the trick. Remember to sell into the rally.
bad results??
Interesting the news came out just few days before the year end financial result, something funny ..
The more than two cents EPS is more like non material gain, not ready from the cash generated
Let see what is the coming result
The more than two cents EPS is more like non material gain, not ready from the cash generated
Let see what is the coming result
Asti Holdings to acquire 100% stake in Emerald, Yumei Technologies, Yumei REIT and Pioneer Venture for up to $15.5 million
Asti Holdings, has, on Feb 26, entered into a sale and purchase agreement (SPA) with Advanced Systems Automation Limited to acquire 100% of the shareholding interest in Emerald Precision Engineering, Yumei Technologies, Yumei REIT and Pioneer Venture.
The acquisition consideration comprises a base consideration component of $12.5 million and an earn-out consideration component of $3 million.
Upon the execution of the agreement, Asti shall pay $1 million as a refundable deposit.
On the completion of the acquisition, $8.7 million owed by Advanced Systems Automation Limited will be set-off against the base consideration.
Once the agreement has been completed, the base consideration, after the earnest deposit, set-off and deferred consideration will be paid.
In addition, deferred considerations of $500,000 each will be paid on the first milestone payment date and grand milestone payment date.
The earn-out consideration will be paid if the first milestone of achieving net profit before tax of $1.5 million, and the grand milestone of achieving net profit before tax of $3 million for the FY2021 and FY2022 are met.
Advanced Systems Automation Limited is listed on the SGX-ST&rsquo s Catalist board and is in the business of manufacturing electromechanical components and parts for semiconductor and consumer electronics industries. Its sponsor is SAC Capital Private Limited.
Emerald is a Malaysian-incorporated company and has an issued and paid-up capital of RM600,000 ($197,068) comprising 600,000 shares. It is an equipment contract manufacturing services provider in Asia, with a track record in the precision machining of parts and components for semiconductor, hard disk drives and other industries. Emerald' s customers are predominantly based in Singapore and Malaysia.
Yumei Technologies, which provides die-casting, plastic injection moulding components and other finishing operations incorporating precision machining, surface finishing, leakage treatment and the sub-assembly of mechanical components, has a total paid-up capital of RM500,002 over 500,002 ordinary shares.
Yumei REIT is a company that has an issued and paid-up capital of RM500,000 comprising 500,000 ordinary shares as at the date of the SPA. Yumei REIT is the asset management company for Yumei Technologies.
Pioneer Venture Pioneer Venture is a Singapore-incorporated company, which has an issued and paid-up capital of $1.1 million comprising 1,000,000 ordinary shares as at the date of the SPA.
Pioneer Venture is principally engaged in the manufacturing of fabricated metal products except for machinery and equipment. It has over ten years of experience in metal moulding technologies, manufacturing processes and integrated manufacturing solutions.
The objective of the proposed acquisition, according to Asti, is to diversify and increase the group&rsquo s revenue and help enhance profitability. The group would also be able to reduce its existing debts owed by Advanced Systems owed.
If the proposed acquisition had taken place on Jan 1, 2019, Asti&rsquo s earnings per share (EPS) would have been 2.40 cents, instead of the 1.10 cents posted.
unbelievable cheapest semi con in the world...
expect rocket days ahead...20 cts can smell?
expect rocket days ahead...20 cts can smell?
wow...after that..nta 12 cts n eps 2.4 cts..
cheap buy at 3.6 cts for 70% discount to nta n p/e only 1.5x...
hoping breakout on Monday to above 5 cts at least ..p/e 2x..nia
cheap buy at 3.6 cts for 70% discount to nta n p/e only 1.5x...
hoping breakout on Monday to above 5 cts at least ..p/e 2x..nia
ASTI on 26 February 2021 PROPOSED ACQUISITION OF 100% SHAREHOLDING INTEREST IN EMERALD, YUMEI TECHNOLOGIES, YUMEI REIT AND PIONEER VENTURE
hopefully, privatise soon...
v underrated..nta 11.3 cts...baby asa cap is higher than mother shares..wat a joke. .
Hope that many of you who are stuck managed to sell it off during the recent pump and dump.
For the past 1 year, syndicates attacked this stock using pump and dump tatctics.
For the past 1 year, syndicates attacked this stock using pump and dump tatctics.
hopeless clown...best short this fella to 2.6 cts again..
up on a down day....steady
Serious bo?
tankoksee ( Date: 27-Jan-2021 09:48) Posted:
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skali 10 cts oso smell siah
nta 11.5 cts..
nta 11.5 cts..
coming arrgg
tankoksee ( Date: 25-Jan-2021 14:39) Posted:
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Closed at 0.033. BBs trapped retails once again.
wake up...go to 5 cts...
As expected, pump and dump.
Everybody is buying AEM, UMS, Frenken, etc.
Everybody is buying AEM, UMS, Frenken, etc.
Congrats to those who have sold during the BB' s play this week.
They are here to trap retails.
Next week will see back to square.
They are here to trap retails.
Next week will see back to square.