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Singapore Exchange to delist China Great Land, as listing transfer plan goes nowhere
MAINBOARD-LISTED China Great Land Holdings, a cash company under judicial management since May 2019, will be delisted from the Singapore Exchange (SGX) and must propose an exit offer within a month, according to its latest bourse filing.
The bourse operator' s decision on Friday came after it rejected multiple applications for the company to transfer its listing status and resume trading.
An implementation agreement for a transfer to Singapore Edutainment Associates Global, first announced in July, has not been shown to meet the requirements for a new listing, said the filing by judicial managers from Deloitte & Touche.
The SGX reportedly flagged the early stage of the planned transfer and the lack of certainty on whether Singapore Edutainment is suitable for listing.
China Great Land has not announced any financial information to show Singapore Edutainment can meet the requirements for a trading resumption proposal, and has also said that such financial information " is presently unavailable" , the filing noted.
This is even as substantive details of Singapore Edutainment' s background, operations and track record have yet to be disclosed, the judicial managers added.
With the SGX now moving to delist the company, China Great Land should inform the operator of its planned exit offer " as soon as practicable" and give updates as well.
Trading in China Great Land shares was suspended in July 2018.
Funny movement today, 11lots appearing and done for 5x. Smells fishy.
Jeep 0.056
treetops ( Date: 14-Aug-2015 09:07) Posted:
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Start to move again!
treetops ( Date: 28-Jul-2015 07:59) Posted:
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http://xf.house.163.com/km/photo/other/0Z4T.html
Look at the RTO of about 1 billion dollars RMB and looking the shell company of market cap 6 million it is nothing. A lot of loss making company have more value them. so have to be patience
treetops ( Date: 28-Jul-2015 18:04) Posted:
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Took profit and go liao. Hehe. No use hold it too long.
This is a bomb out counter, the market cap is only 6 million, if hte RTO is successful, this counter can cheong up with interest catching on, so slowly accumulate and see how this guy move!
sergeanthawk ( Date: 28-Jul-2015 16:27) Posted:
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lai leow
volume too small buy fast but sell very slow very scary
switch play to Sino cont better... more stable and looking good to have a run anytime
Top 10 volume, most of it is s-chip!
Serious china fund flow in?
Or sign of danger coming?
Play at your own risk! Don' t loose until your pant drop! lol
Jian hao jui shou!
Will be top 10 volume later.
Price pickup. The name so good lor. China Great Land!
up 220% liao
ronleech ( Date: 28-Jul-2015 09:02) Posted:
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no vol better run
Queue high in order to get it. Pre-opening price.
Up so fast. lol
Tys5115 ( Date: 28-Jul-2015 08:55) Posted:
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at what price ?
Spotted target for today. Just lift from halt. Something fishy going on.
Will queue to buy this morning before it start to rocket fly!
Last done price 0.015.