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$1.55 later?
Let go of the past. For sure the company is not going to be delisted in the foreseeable future. Look at the company just as the 4 broking firms have analysed and ride the wave up. Why bother about the past when you can make money in the present ?
I can hesitate when there is a single buy call. But 4 at the same time?
I can hesitate when there is a single buy call. But 4 at the same time?
Actually they have been treating minorty shareholders well during the delisted years. Good dividends. Because you are still part of the total shareholding, when the main shareholders reward themselves, you get a share of the pie too, This still holds true even with the proceeds from the ipo of aztech global.
FaceTheFact ( Date: 04-Apr-2021 07:41) Posted:
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Wow I was tempted when I see it did better than YZJ today....until I saw your text....TQVM for sharing...
SgTrader17 ( Date: 12-Mar-2021 13:54) Posted:
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wow...1.43
wow... seem like going to break 1.50 soon..?
SmallSmall ( Date: 23-Apr-2021 15:13) Posted:
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UOB KH also initiate a buy with a target of $1.86
| SmallSmall ( Date: 23-Apr-2021 15:10) Posted: |
no wonder so strong today !!
| SmallSmall ( Date: 23-Apr-2021 15:10) Posted: |
SGX must stipulate that all delisted counters that want to list again (salted fish alive again) must fully compensate at the new ipo price whichever is higher.
So obvious the Munkeys are all out to revenge agst those 5000 minority shareholders for not selling their shares. If the reporters don' t ask, they' ll just keep quiet about the sale proceeds... seriously never think about these minority shareholders who stay on with the company even after it got delisted by force! Time to wake up n see their true color...
They must pay the interests also.
shk363 ( Date: 02-Apr-2021 13:36) Posted:
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The most hated stock.
huat liao.. minority shareholders victory
Delisted Aztech Group shareholders may share in proceeds from listing of Aztech Global
Firm raised a total of S$297m in gross proceeds after sale of 155 million new shares and 77 million vendor shares
THE board of Aztech Group will deliberate the use of proceeds from the sale of vendor shares in the recent listing of its subsidiary Aztech Global, and will take into consideration the interests of Aztech Group' s minority shareholders.
Michael Mun, executive chairman and chief executive of Aztech Global, said the sale of the vendor shares during Aztech Global' s IPO (initial public offering) was " primarily to reward shareholders of Aztech Group, including minority shareholders from the previous listing exercise" .
Shareholders of Aztech Group will be updated in due course on what will be done for them, Mr Mun said.
This was in response to queries from The Business Times on why shareholders of the formerly listed Aztech Group - which was taken private in 2017 - were not given the option to exchange their shares for that of the newly-listed company.
Last month, Aztech Global, the technology arm of Singapore-based conglomerate Aztech Group, made its debut on the Singapore Exchange. Aztech Global had raised a total of S$297 million in gross proceeds, selling 155 million new shares and 77 million vendor shares.
The sale of the vendor shares raised net proceeds of S$95.1 million for Aztech Group.
Mr Mun had previously offered to delist Aztech Group at 42 Singapore cents a share in cash.
This was a discount of 56 per cent to the company' s revalued net asset value (RNAV) per share of S$0.952 as at June 30, 2016.
At the time, Stirling Coleman Capital, the independent financial adviser (IFA) to the independent directors, called the offer " fair and reasonable" due to reasons such as the group' s declining financial performance, the downward trend of its share price, and its low trading volume.
The IFA did, however, note that the exit price valuation was below the range of comparable companies in the electronics segment, and below the range of precedent voluntary general offers and voluntary delistings.
Toh Zhen Zhou, an analyst at Aequitas Research who also publishes on SmartKarma, called the offer a " steal" .
" This is the case of the majority shareholder taking the company private at an opportunistic time and at a very cheap valuation," he said in a note published in February.
At an investor meeting held by Aztech Group in January 2017, shareholders had grilled the independent directors for an hour about the fairness of the offer.
Mr Mun and his son, Jeremy Mun, who was an executive director of the company, were absent at the meeting. They nevertheless got the mandate they needed to delist the company 93.8 per cent of the total number of shares cast in the vote by shareholders at the meeting, voted in favour of the delisting.
When it delisted in February that year, almost 5,000 investors were reportedly still holding shares in the company.
S Nallakaruppan, an investment specialist at Lim & Tan Securities, said a distribution in specie of new Aztech shares to Aztech Group shareholders " would have made more sense to the original shareholders, especially the minority ones" .
" Some minorities might be ageing and they could have an urgent need for funds. Perhaps the management could think of giving some options to these minorities," he said.
Mr Mun is the sole shareholder of AVS Investments, which holds 84.09 per cent of Aztech Group.
maybe can ask SIAS. In the financial report it states that prior to ipo, shareholders get $2 and 0.65c for interim dividend (paid). Now proposing to give 0.02 ps. minority shareholders of old Aztech must be entitled to it also yes?
They might get new shares in return.
littleones ( Date: 12-Mar-2021 13:29) Posted:
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I just remember that I lost more than $10,000 for my investments in the previous Aztech. Now they come list again. Lol. From the current outlook, it will likely go below $1.28. Many will sell after getting the IPO and take profits first. Market is not performing, and those bought at above $1.40, I pray for them.
littleones ( Date: 12-Mar-2021 13:29) Posted:
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for the old Aztech shares, what happen to their old Aztech shares?