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some hands supporting at 0.015... blocking shortists..
HazardKoh ( Date: 11-Jun-2017 22:41) Posted:
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This one same pattern as addvalue tech.. jialat..
Looks like !!!
From Hero to Zero
From Hero to Zero
Gameover? From $50m to just $5m
PROPOSED DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF ARTIMEDIA PTE. LTD.
3.2. Consideration
Pursuant to the SPA, the aggregate consideration for the Sale Shares is S$5.00 million (&ldquo Consideration&rdquo ), to be satisfied fully in cash, and shall be payable by the Purchaser to the Company in instalments in the following manner:
(a) S$3.00 million shall be paid at completion of the Proposed Disposal (the &ldquo Completion&rdquo )
(b) S$1.00 million shall be paid within 6 months from Completion and
(c) S$1.00 million shall be paid within 12 months from Completion.
The Consideration was arrived at on a willing-buyer willing-seller basis after taking into consideration, inter alia, the following factors:
(a) the future funding requirement of the Disposal Group on the back of the Company&rsquo s current financial position
(b) the historical operating track record and financial performance of the Disposal Group
(c) the unaudited net liabilities of the Disposal Group as at 31 March 2017 of approximately S$23.10 million
(d) the rationale for and benefits to the Company of the Proposed Disposal as set out in Section 7 of this announcement
(e) preliminary independent valuation by an independent professional valuer on the Disposal Group and
(f) no other offers to purchase the Disposal Group had been received by the Company, given that the Company had been actively sourcing for other potential buyers since August 2016. The Company refers to its announcement dated 15 December 2016 in relation to a non-binding term sheet in respect of its earlier proposed disposal of the Disposal Group (" Term Sheet" ) for not less than S$50.00 million ($0.028 per share). The Term Sheet lapsed on 13 April 2017. Since then, there had been no offer to purchase the Disposal Group other than from Dr Ofer Miller who agreed to acquire all of the issued and paidup shares in the capital of Artimedia at a consideration of S$5.00 million ($0.0028 per share).
Trading Halt @8Jun2017. Last Done Price $0.016 (1,797,792,986 Shares @8 June 2017)
3.2. Consideration
Pursuant to the SPA, the aggregate consideration for the Sale Shares is S$5.00 million (&ldquo Consideration&rdquo ), to be satisfied fully in cash, and shall be payable by the Purchaser to the Company in instalments in the following manner:
(a) S$3.00 million shall be paid at completion of the Proposed Disposal (the &ldquo Completion&rdquo )
(b) S$1.00 million shall be paid within 6 months from Completion and
(c) S$1.00 million shall be paid within 12 months from Completion.
The Consideration was arrived at on a willing-buyer willing-seller basis after taking into consideration, inter alia, the following factors:
(a) the future funding requirement of the Disposal Group on the back of the Company&rsquo s current financial position
(b) the historical operating track record and financial performance of the Disposal Group
(c) the unaudited net liabilities of the Disposal Group as at 31 March 2017 of approximately S$23.10 million
(d) the rationale for and benefits to the Company of the Proposed Disposal as set out in Section 7 of this announcement
(e) preliminary independent valuation by an independent professional valuer on the Disposal Group and
(f) no other offers to purchase the Disposal Group had been received by the Company, given that the Company had been actively sourcing for other potential buyers since August 2016. The Company refers to its announcement dated 15 December 2016 in relation to a non-binding term sheet in respect of its earlier proposed disposal of the Disposal Group (" Term Sheet" ) for not less than S$50.00 million ($0.028 per share). The Term Sheet lapsed on 13 April 2017. Since then, there had been no offer to purchase the Disposal Group other than from Dr Ofer Miller who agreed to acquire all of the issued and paidup shares in the capital of Artimedia at a consideration of S$5.00 million ($0.0028 per share).
Trading Halt @8Jun2017. Last Done Price $0.016 (1,797,792,986 Shares @8 June 2017)
Any news.... not vested....no guts
QueenMaya ( Date: 09-Jun-2017 10:04) Posted:
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Halted?
oldbirdy ( Date: 05-May-2017 16:27) Posted:
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Lai liao larrrr....... should i long or short ha..... or wait and see?
Why insider didn't sell at Ard 0.030???
Wind22i ( Date: 19-Apr-2017 07:39) Posted:
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You can slowly wait for SGX to react.
laksaman57 ( Date: 19-Apr-2017 08:16) Posted:
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Magazine so clear liao, sgx better do something 😲
Source:Theedge
Chan Cheo Peh
19/04/17, 07:10 am
SINGAPORE (April 19): Artivision Technologies? executive chairman Kenneth Goh has dumped all his shares in the open market.
Goh, who was appointed to this role just on Feb 14, sold 9.5 million shares for $171,000 on April 17.
The following day, he sold his remaining 198,333 shares for $3,569.99, according to a company filing in the evening of April 18. That works out to an average of 1.79 cents per share.
Goh?s sale came right after another major offloading of shares in the open market by another key company executive, chief technology officer and executive director Offer Miller.
On April 13, Miller sold 35 million shares at $739,550, or an average of 2.113 cents each. The sale left him with just 15.1 million shares, or 0.84% of the company.
According to the company?s 2016 annual report, Miller used to own 8.17% of the company, which made him the third largest shareholder then.
Goh, who was then the company?s CEO, owned 0.73% of the company back then.
An independent director, Lawrence Wong Chee Meng, resigned from the board on March 22.
There are two other independent directors on the board: Alan Koh Boon Liang and Yang Tse Pin
The sale of the company?s shares by these two insiders came just as a planned $50 million deal to sell its video advertising platform lapsed on April 13.
The intended buyer wasn?t named, other than it was described as a fund with US$50 billion in assets under management.
The sale would have net Artivision $38 million.
Since last year, Artivision was the subject of a simmering boardroom tussle involving Ching Chiat Kwong, better known as the executive chairman of Oxley Holdings, versus Soh Sai Kiang, Artivision?s previous chairman before Goh. Soh was also the company?s largest shareholder.
Soh, who quit the company on Dec 29, has already cut his stake earlier. On the same day, the company announced a round of fundraising led by Ching. Via the placement of new shares and issuance of bonds, the company raised total net proceeds of nearly $9.3 million.
Interestingly, in the middle of last year, Ching quit Artivision?s board. He tried to get himself appointed as a co-chairman but was spurned by shareholders in an EGM on July 29. He resigned from the board on Sept 30.
With the completion of the Dec 29 round of placement, Ching is not back on the company?s board, but he is clearly in charge as the largest shareholder with nearly a quarter of the shares under him directly.
Artivision shares closed 5.26% lower at 1.8 cents on Tuesday.
Chan Cheo Peh
19/04/17, 07:10 am
SINGAPORE (April 19): Artivision Technologies? executive chairman Kenneth Goh has dumped all his shares in the open market.
Goh, who was appointed to this role just on Feb 14, sold 9.5 million shares for $171,000 on April 17.
The following day, he sold his remaining 198,333 shares for $3,569.99, according to a company filing in the evening of April 18. That works out to an average of 1.79 cents per share.
Goh?s sale came right after another major offloading of shares in the open market by another key company executive, chief technology officer and executive director Offer Miller.
On April 13, Miller sold 35 million shares at $739,550, or an average of 2.113 cents each. The sale left him with just 15.1 million shares, or 0.84% of the company.
According to the company?s 2016 annual report, Miller used to own 8.17% of the company, which made him the third largest shareholder then.
Goh, who was then the company?s CEO, owned 0.73% of the company back then.
An independent director, Lawrence Wong Chee Meng, resigned from the board on March 22.
There are two other independent directors on the board: Alan Koh Boon Liang and Yang Tse Pin
The sale of the company?s shares by these two insiders came just as a planned $50 million deal to sell its video advertising platform lapsed on April 13.
The intended buyer wasn?t named, other than it was described as a fund with US$50 billion in assets under management.
The sale would have net Artivision $38 million.
Since last year, Artivision was the subject of a simmering boardroom tussle involving Ching Chiat Kwong, better known as the executive chairman of Oxley Holdings, versus Soh Sai Kiang, Artivision?s previous chairman before Goh. Soh was also the company?s largest shareholder.
Soh, who quit the company on Dec 29, has already cut his stake earlier. On the same day, the company announced a round of fundraising led by Ching. Via the placement of new shares and issuance of bonds, the company raised total net proceeds of nearly $9.3 million.
Interestingly, in the middle of last year, Ching quit Artivision?s board. He tried to get himself appointed as a co-chairman but was spurned by shareholders in an EGM on July 29. He resigned from the board on Sept 30.
With the completion of the Dec 29 round of placement, Ching is not back on the company?s board, but he is clearly in charge as the largest shareholder with nearly a quarter of the shares under him directly.
Artivision shares closed 5.26% lower at 1.8 cents on Tuesday.