if money have , why SGX asking to delist .
gone case forgot
Where are all their money gone to ?This stock hardly traded in the market for many years no reason stock can tank ...
Thi654321ABCDEF ( Date: 24-Feb-2022 11:36) Posted:
how to give offer when there is no money. even certificate also they will not give.
ysh2006 ( Date: 24-Feb-2022 07:48) Posted:
| China Haida should be able to give reasonable exit offer to shareholders... |
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how to give offer when there is no money. even certificate also they will not give.
ysh2006 ( Date: 24-Feb-2022 07:48) Posted:
China Haida should be able to give reasonable exit offer to shareholders....
ysh2006 ( Date: 22-Feb-2022 05:43) Posted:
| SGX ask this company to delist hope can have delist exit offer |
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China Haida should be able to give reasonable exit offer to shareholders....
ysh2006 ( Date: 22-Feb-2022 05:43) Posted:
SGX ask this company to delist hope can have delist exit offer.
ysh2006 ( Date: 27-Nov-2021 12:16) Posted:
| This company so poor no money to pay auditor to do special audit......if delist don' t know got exit offer money or not?... |
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Finally Sgx did a good job to slap this company and take action on their company directors but only thing Sgx no power to ask them to come back Singapore. Those directors still can enjoy good life in China.
Joelton ( Date: 23-Feb-2022 10:45) Posted:
China Haida, Libra Group get delisting notices Design Studio has no exit offer
CHINA Haida and Libra Group have been issued Feb 18 notices to delist from the mainboard and Catalist board of the Singapore Exchange for failing to meet their respective listing rules, announced both companies in late night filings on Monday (Feb 21).
China Haida, which manufactures building products, was served a notice of compliance (NOC) by the Singapore Exchange Regulation (SGX RegCo) in June 2021 to conduct a special audit on its finances as well as investigate the company' s former directors.
China Haida said it had been unable to meet the NOC according to the timeline it set out, as the company had used the funds previously set aside for the initial retainer fee required by the special auditor to settle a separate statutory demand for over S$500,000 in loans from a related party.
It also did not provide further updates after announcing on Jan 28, 2022 that it was in the final stages of obtaining a loan for its working capital requirements, including funding for the initial retainer fees.
The company on Feb 21 submitted an appeal in response to the delisting notification, but said it will assess the possibility of a reasonable exit offer to its shareholders.
Separately, debt-stricken Libra Group was noted by the SGX RegCo to have contravened various Catalist rules - including failure to announce its unaudited financial results for H1 and Q3 FY2021 by the given deadlines, and not having a minimum number of 3 directors in its audit committee.
Based on its records, the mechanical and engineering solutions provider owes S$58.7 million in debt as at end-2021. The Singapore Court also recently granted a winding up-order against Libra' s sole operating subsidiary, Kin Xin Engineering.
Trading of the group' s shares have been suspended since August 2019. The company has not submitted a proposal to resume trading since.
Libra said it intended to appeal its delisting notice as it is in the midst of implementing the company' s financial restructuring as well as number of materials supply contracts " with a view to achieve value for shareholders" .
Meanwhile, insolvent furniture manufacturer Design Studio was issued a delisting notice earlier this month on Feb 11, which the company' s liquidators sought to appeal to explore a reverse takeover deal (RTO) for the company.
The mainboard-listed stock has been suspended from trading since January 2020.
Design Studio' s liquidators in their appeal on Feb 15 requested for an extension of time until at least Apr 30, 2022 to determine if the RTO could proceed for 2 parties which expressed interest in the RTO.
This was however declined by the Singapore Exchange Securities Trading on Feb 17, on the basis that Design Studio did not have a definitive RTO target on hand - and that the company also failed to meet its deadline for submitting its trading resumption proposal.
In its bourse filing on Monday, Design Studio said it did not have the means to make an exit offer to any shareholders given its insolvency. Its controlling shareholder also confirmed it will not be making an exit offer, it said.
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China Haida, Libra Group get delisting notices Design Studio has no exit offer
CHINA Haida and Libra Group have been issued Feb 18 notices to delist from the mainboard and Catalist board of the Singapore Exchange for failing to meet their respective listing rules, announced both companies in late night filings on Monday (Feb 21).
China Haida, which manufactures building products, was served a notice of compliance (NOC) by the Singapore Exchange Regulation (SGX RegCo) in June 2021 to conduct a special audit on its finances as well as investigate the company' s former directors.
China Haida said it had been unable to meet the NOC according to the timeline it set out, as the company had used the funds previously set aside for the initial retainer fee required by the special auditor to settle a separate statutory demand for over S$500,000 in loans from a related party.
It also did not provide further updates after announcing on Jan 28, 2022 that it was in the final stages of obtaining a loan for its working capital requirements, including funding for the initial retainer fees.
The company on Feb 21 submitted an appeal in response to the delisting notification, but said it will assess the possibility of a reasonable exit offer to its shareholders.
Separately, debt-stricken Libra Group was noted by the SGX RegCo to have contravened various Catalist rules - including failure to announce its unaudited financial results for H1 and Q3 FY2021 by the given deadlines, and not having a minimum number of 3 directors in its audit committee.
Based on its records, the mechanical and engineering solutions provider owes S$58.7 million in debt as at end-2021. The Singapore Court also recently granted a winding up-order against Libra' s sole operating subsidiary, Kin Xin Engineering.
Trading of the group' s shares have been suspended since August 2019. The company has not submitted a proposal to resume trading since.
Libra said it intended to appeal its delisting notice as it is in the midst of implementing the company' s financial restructuring as well as number of materials supply contracts " with a view to achieve value for shareholders" .
Meanwhile, insolvent furniture manufacturer Design Studio was issued a delisting notice earlier this month on Feb 11, which the company' s liquidators sought to appeal to explore a reverse takeover deal (RTO) for the company.
The mainboard-listed stock has been suspended from trading since January 2020.
Design Studio' s liquidators in their appeal on Feb 15 requested for an extension of time until at least Apr 30, 2022 to determine if the RTO could proceed for 2 parties which expressed interest in the RTO.
This was however declined by the Singapore Exchange Securities Trading on Feb 17, on the basis that Design Studio did not have a definitive RTO target on hand - and that the company also failed to meet its deadline for submitting its trading resumption proposal.
In its bourse filing on Monday, Design Studio said it did not have the means to make an exit offer to any shareholders given its insolvency. Its controlling shareholder also confirmed it will not be making an exit offer, it said.
SGX ask this company to delist hope can have delist exit offer.
ysh2006 ( Date: 27-Nov-2021 12:16) Posted:
| This company so poor no money to pay auditor to do special audit......if delist don' t know got exit offer money or not?... |
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No money no talk : quietly go away better..
ysh2006 ( Date: 27-Nov-2021 13:29) Posted:
Why it can be listed in the main board company ?
ysh2006 ( Date: 27-Nov-2021 12:16) Posted:
| This company so poor no money to pay auditor to do special audit......if delist don' t know got exit offer money or not?... |
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Why it can be listed in the main board company ?
ysh2006 ( Date: 27-Nov-2021 12:16) Posted:
| This company so poor no money to pay auditor to do special audit......if delist don' t know got exit offer money or not?... |
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This company so poor no money to pay auditor to do special audit......if delist don' t know got exit offer money or not?...
If the investor is a substantial holder should influenced the company to hold AGM at down town hotel that enable many shareholders to attend loh...
Hulumas ( Date: 13-Jan-2017 11:09) Posted:
Have collected one million plus shares. Further buying is on process !!
Hulumas ( Date: 30-Oct-2015 17:36) Posted:
I try to accumulate slowly but surely > 10 millions shares for this counter ! CAVEAT EMPTOR
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Cannot see any good thing in it...This is Alu, not Silver or Gold no material increased potential...buy will stuck for three years.....exit offer
1.4c similar to Aztech although NAV more than 42c (Approx 72c ~$1.00) but RTO, privatised only 42c.....Boss eat small boss lah,,,
Hulumas ( Date: 21-Sep-2016 15:23) Posted:
If he would not buy even at present price level. . . . . Remember so called HOSTILE TAKE OVER could be inevitably possible by market OPPORTUNIST. I presume !!
ysh2006 ( Date: 30-Oct-2015 20:53) Posted:
Why never see the China Haida boss himself buy har ...It will enhanced confidence instill into it ! who know the boss mind ? ...
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