Europtronic   

best buy at 0.007

Well althou is pathetic... but is better than nth.. it has a net liabilities... only cost less than 10 dollars now.. maybe shld just let it be.. haha

 

got exit offer of 0.0001 today

jm2212      ( Date: 27-Feb-2017 17:52) Posted: latest result showed everything is going the wrong direction...the disposal of factory will end up with nothing to pay back to share holders, this is the single counter that i ever loss so much in my years of stock investment

 

latest result showed everything is going the wrong direction...the disposal of factory will end up with nothing to pay back to share holders, this is the single counter that i ever loss so much in my years of stock investment

 

what happened to this counter.. no news?

 

UPDATE ON THE DISPOSAL OF EUROPTRONIC SUZHOU CO.,LTD AND ITS LAND The Directors of Europtronic Group Ltd (&ldquo the Company&rdquo ) wish to update shareholders on the following: The Company has received a deposit of RMB 20mil from the potential buyer of Europtronic Suzhou Co., Ltd. The Group has also pledged 10% of Europtronic Suzhou Co., Ltd to the potential buyer as collateral for the RMB 20mil deposit. Due diligence exercise of this deal is still on-going. As per the Company announcement on 25 January 2016, the completion of the sale of Europtronic Suzhou Co., Ltd shall take place within 6 months from the date of the MOU, which is on 25 July 2016. The Wujiang local government has sent their professional team to value the land in the past few weeks. The board and management envisage the negotiation with local government to be completed in the next 3 to 4 weeks. The potential proceeds from the above disposal will be used to settle all the liabilities of the Company and the excess will be distributed to the shareholders, if any. Thus, the Company can only propose the exit offers to the minority shareholders after the details of the sales and purchase agreement of Europtronic Suzhou Co., Ltd or its land has been confirmed. The Board and management is doing its best to facilitate the completion of the above transactions but wish to highlight that there is uncertainty in both the final proceeds that the Company can receive and the successful execution to complete the deals. By Order of the Board Europtronic Group Ltd HUANG SHIH-AN Non-Executive Chairman 31 March 2016

 

perhaps going in around $0.005. Mus be careful thou... it has been in watchlist since 5 March 2014 so coming this March... either they ask SGX for extension or they will have to delist from SGX.

The outlook for Singapore PMI still in contraction..so for their last Q result... i predict will be still be negative NPAT or barely $500,000 or less

So dyodd.. : )

 

now only 0006

any reasons to scoop up or low goes lower?

 

coming ah , maybe reults better than last year

 

worth a bet , may come anytime ....watch out this crazy horse

 

Its about to go to share consolidation...

Beware

ykjuay      ( Date: 06-Oct-2015 16:33) Posted: worth a punt at current price level 0.007

 

worth a punt at current price level 0.007