Post Reply
1-7 of 7
Interesting. This Zhang appears from no where to mop up 25.53% of this company at $0.12
But stock super illquid with elephant quotes.
Zhang Haihua (" Ms. Zhang" ) is holding 10,924,200 shares in Asia Vets Holdings Limited through her custodian, OCBC Securities Private Limited, and has previously entered into a sale and purchase agreement to purchase 17,539,000 shares. Ms. Zhang has entered into another sale and purchase agreement with Tan Ah Chew to purchase 8,845,000 shares and, accordingly, has acquired a deemed interest in such shares. She shall also holding the shares purchased pursuant to the sale and purchase agreements through her custodian, OCBC Securities Private Limited, upon completion of the transactions.
But stock super illquid with elephant quotes.
Zhang Haihua (" Ms. Zhang" ) is holding 10,924,200 shares in Asia Vets Holdings Limited through her custodian, OCBC Securities Private Limited, and has previously entered into a sale and purchase agreement to purchase 17,539,000 shares. Ms. Zhang has entered into another sale and purchase agreement with Tan Ah Chew to purchase 8,845,000 shares and, accordingly, has acquired a deemed interest in such shares. She shall also holding the shares purchased pursuant to the sale and purchase agreements through her custodian, OCBC Securities Private Limited, upon completion of the transactions.
Asia Vets Holdings proposes acquisition of fintech company that will result in reverse takeover
CATALIST-LISTED Asia Vets Holdings $ Asia Vets: 5RE 0% has entered into a sale and purchase agreement to acquire 100 per cent of the ordinary shares in Aldigi Holdings, a fintech company, that will result in a reverse takeover.
In a bourse filing on Thursday, the company said that the proposed acquisition will let the group capture opportunities within the " fast-growing financial and technology business" , in line with its plan to enhance revenue by venturing into a high-growth sector.
With the additional revenue stream and diversified portfolio of businesses in addition to its current veterinary care business, the company said that the acquisition could increase its market capitalisation and widen its investor base.
It also noted that Aldigi Holdings' distributed ledger technology platforms and digital asset solutions have been deployed at a Monetary Authority of Singapore licensed digital asset exchange.
As part of the proposed acquisition, Asia Vets Holdings will pay S$45 million by issuing 335,436,357 new ordinary shares at S$0.13415 per share for Aldigi' s shares.
The value was arrived at based on the forecasted profit after tax of RHT DigiCapital, Aldigi Holdings' s largest forecasted profit contributor for the next three financial years. The company then considered an earnings multiple of 17.2, the median of comparable transactions, and a 20 per cent discount due to the lack of marketability and derived an enterprise value of S$73 million for 100 per cent of Aldigi Holdings.
Since RHT DigiCapital is a 60 per cent subsidiary of Aldigi Holdings, the enterprise value of 60 per cent of Aldigi Holdings would be approximately S$44 million.
Asia Vets Holdings said that none of the shareholders and directors of the deal' s vendor, RHT Aldigi Financial Holdings, is related to its directors, controlling shareholders or respective associates. The consideration was also based on arm' s length negotiations between both parties on a willing-buyer, willing-seller basis.
Furthermore, an independent valuation report on Aldigi Holdings will be conducted. If the report differs from the enterprise value by more than 5 per cent, both parties will renegotiate the terms in good faith.
Aldigi Holdings may also take on a pre-completion fundraising exercise by issuing convertible bonds or securities to selected investors up to a maximum amount of S$2 million at a price higher than the issue price.
The completion of the proposed acquisition is subject to the fulfilment of numerous customary conditions, such as approval by shareholders at an extraordinary general meeting (EGM) that is to be convened, as well as the completion of a share consolidation exercise such that the price per share of the consideration share shall be equal to or greater than S$0.20 in compliance with Catalist Rules.
Can we see a $0.095 before lunch?
SmallSmall ( Date: 07-Sep-2020 09:51) Posted:
|
This one also medical stock....for animals :)
A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months.
Although the COVID-19 pandemic imposes unprecedent challenge on global economic, the veterinary sector continues to be relatively resilient and stable. Being in an essential service industry, the Company has not seen any material negative impact from the COVID-19 on its operating and financing condition. However, the Company will continue to monitor the development of the COVID-19 pandemic and manage the risk associated if any. The Company will continue to look out for opportunities to acquire related businesses or veterinary clinics, both in Singapore and overseas to expand its business scope and collaborate with industry players to expand its customers base.
A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months.
Although the COVID-19 pandemic imposes unprecedent challenge on global economic, the veterinary sector continues to be relatively resilient and stable. Being in an essential service industry, the Company has not seen any material negative impact from the COVID-19 on its operating and financing condition. However, the Company will continue to monitor the development of the COVID-19 pandemic and manage the risk associated if any. The Company will continue to look out for opportunities to acquire related businesses or veterinary clinics, both in Singapore and overseas to expand its business scope and collaborate with industry players to expand its customers base.
SmallSmall ( Date: 07-Sep-2020 09:46) Posted:
|
This one better not short. Float is very small like Eindec. Vets company.
Total number of share 138 mil. Major shareholder controls 42% of company.
Also major shareholder has bought shares in the open market the last few days.
Ready for action ?
First level, 0.09 -> 0.095 -> 0.1 ?
Chiong ah !
Total number of share 138 mil. Major shareholder controls 42% of company.
Also major shareholder has bought shares in the open market the last few days.
Ready for action ?
First level, 0.09 -> 0.095 -> 0.1 ?
Chiong ah !
Special Dividend - SGD 0.085 (36.96%)
Many eager to see this cross .2 then .22 then .25 these few days. Vested!