Company become ATM machine?
Joelton ( Date: 10-Jun-2021 09:35) Posted:
Incredible Holdings to buy Danish jewellery company for $1.128 mil
Incredible Holdings is buying a Danish company selling watches, gold, silver and other jewellery in an all-cash deal of around DKK5,200,000, around $1.128 million.
The target company was incorporated around six months ago on Dec 2 2020. It has a registered capital of DKK40,000, or around $8,600.
Upon completion of the purchase, Incredible will assume goodwill of around $1.1 million.
The target company, as at April 30 2021, is in net liabilities of DKK23,262, around $5,000.
In its SGX filing announcing the acquisition, Incredible also provided details such as the location and size of the store where the target company is operating out from: a 473 sqm space at Bredgade 19, 1260 Copenhagen, Denmark.
The filing also described how the store is &ldquo top secured with armor and bulletproof windows, security lock and alarms, monitoring by CCTV, 3 large safety boxes for valuable values&rdquo and that the rental of the store is around $247,000 a year.
Meanwhile, the identities of the two sellers - two privately-held entities registered in Denmark - are known simply as &ldquo Wingfort&rdquo and &ldquo LHA&rdquo .
According to Incredible, none of its directors or substantial shareholders have any interest, direct or indirect, in the proposed acquisition.
According to Incredible, the acquisition price was &ldquo arrived at after arms&rsquo length negotiations&rdquo on a &ldquo willing seller and willing buyer basis&rdquo and has taken into consideration &ldquo the renovation, security system installed and a good location of the store&rdquo leased by the target company.
No valuation was conducted in relation to the proposed acquisition.
Incredible&rsquo s executive director, Christian Kwok-Leun Yau Heilesen, is known to be from Denmark. He controls Incredible via an entity called Mission Well, which holds 57.11% of the shares.
Heilesen was in the news recently for ousting the old board of another SGX-listed company Ntegrator International, and he now wears another hat as the executive director there as well.
Incredible shares closed unchanged at 0.5 cent on June 9, valuing the company at $7.48 million.
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Incredible Holdings to buy Danish jewellery company for $1.128 mil
Incredible Holdings is buying a Danish company selling watches, gold, silver and other jewellery in an all-cash deal of around DKK5,200,000, around $1.128 million.
The target company was incorporated around six months ago on Dec 2 2020. It has a registered capital of DKK40,000, or around $8,600.
Upon completion of the purchase, Incredible will assume goodwill of around $1.1 million.
The target company, as at April 30 2021, is in net liabilities of DKK23,262, around $5,000.
In its SGX filing announcing the acquisition, Incredible also provided details such as the location and size of the store where the target company is operating out from: a 473 sqm space at Bredgade 19, 1260 Copenhagen, Denmark.
The filing also described how the store is &ldquo top secured with armor and bulletproof windows, security lock and alarms, monitoring by CCTV, 3 large safety boxes for valuable values&rdquo and that the rental of the store is around $247,000 a year.
Meanwhile, the identities of the two sellers - two privately-held entities registered in Denmark - are known simply as &ldquo Wingfort&rdquo and &ldquo LHA&rdquo .
According to Incredible, none of its directors or substantial shareholders have any interest, direct or indirect, in the proposed acquisition.
According to Incredible, the acquisition price was &ldquo arrived at after arms&rsquo length negotiations&rdquo on a &ldquo willing seller and willing buyer basis&rdquo and has taken into consideration &ldquo the renovation, security system installed and a good location of the store&rdquo leased by the target company.
No valuation was conducted in relation to the proposed acquisition.
Incredible&rsquo s executive director, Christian Kwok-Leun Yau Heilesen, is known to be from Denmark. He controls Incredible via an entity called Mission Well, which holds 57.11% of the shares.
Heilesen was in the news recently for ousting the old board of another SGX-listed company Ntegrator International, and he now wears another hat as the executive director there as well.
Incredible shares closed unchanged at 0.5 cent on June 9, valuing the company at $7.48 million.
Roughly 2 to 3 Billion new shares will start trading on coming Thursday.
Your number of shares will remain the same but shareholding percentage will become lower because of new shares subscribed by others.
Pumba2828 ( Date: 27-Jan-2021 23:50) Posted:
| Newbie here...What happens if I do nothing on the allotments of right? I throw away the whole document. Please advise |
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Newbie here...What happens if I do nothing on the allotments of right? I throw away the whole document. Please advise
aiya. i throw the paper away liao. how to buy. no QR code to scan liao..
There is a QR code on the application form.
Sibehboeng ( Date: 27-Jan-2021 13:29) Posted:
Only UOB? How to do it via paynow?
SmallSmall ( Date: 27-Jan-2021 13:10) Posted:
| Only through UOB bank ATM or Payno |
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Only UOB? How to do it via paynow?
SmallSmall ( Date: 27-Jan-2021 13:10) Posted:
Only through UOB bank ATM or Paynow
Sibehboeng ( Date: 27-Jan-2021 12:06) Posted:
| Bro, how to subscribe to the rights? via ATM |
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probably puching up the price today to make the rights(0.0056) looks attractive.
Only through UOB bank ATM or Paynow
Sibehboeng ( Date: 27-Jan-2021 12:06) Posted:
Bro, how to subscribe to the rights? via ATM?
Contratrader ( Date: 27-Jan-2021 10:07) Posted:
| Today last day to subscribe the rights...bought 0.008 to tikam...not bad ,,,now 0.01/0.011...not bad. |
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Bro, how to subscribe to the rights? via ATM?
Contratrader ( Date: 27-Jan-2021 10:07) Posted:
Today last day to subscribe the rights...bought 0.008 to tikam...not bad ,,,now 0.01/0.011...not bad..
Contratrader ( Date: 20-Jan-2021 12:59) Posted:
Some support here at 0.008 ...dont know will push up after rights stop trading 21/1 ...maybe can tikam a bit to try.
..this stock used to be quite speculative...as long as got players ...this market anything possible |
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Pretty sure there will be short covering in the afternoon :)
SmallSmall ( Date: 27-Jan-2021 10:31) Posted:
This one only got 255 mil shares of which 30% held by SS. Shortist will die hard if they have shorted.
Rights shares will only come in next week |
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This one only got 255 mil shares of which 30% held by SS. Shortist will die hard if they have shorted.
Rights shares will only come in next week
Today last day to subscribe the rights...bought 0.008 to tikam...not bad ,,,now 0.01/0.011...not bad..
Contratrader ( Date: 20-Jan-2021 12:59) Posted:
Some support here at 0.008 ...dont know will push up after rights stop trading 21/1 ...maybe can tikam a bit to try.
..this stock used to be quite speculative...as long as got players ...this market anything possible |
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Some support here at 0.008 ...dont know will push up after rights stop trading 21/1 ...maybe can tikam a bit to try.
..this stock used to be quite speculative...as long as got players ...this market anything possible
Sure, trade until 21 Jan. Depends on whether u think it is worth it. They will need to push up the current price for the warrants to be attractive though.
Blackcitron ( Date: 19-Jan-2021 17:10) Posted:
Can I sell those right alloted to me ?
Sibehboeng ( Date: 19-Jan-2021 17:07) Posted:
| An incredible last 30mins. Seems like on purpose to push? If that is the case, may see more upside till closure of rights |
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Can I sell those right alloted to me ?
Sibehboeng ( Date: 19-Jan-2021 17:07) Posted:
An incredible last 30mins. Seems like on purpose to push? If that is the case, may see more upside till closure of rights.
Blackcitron ( Date: 19-Jan-2021 16:49) Posted:
| Worth to subscribe the right ? |
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An incredible last 30mins. Seems like on purpose to push? If that is the case, may see more upside till closure of rights.
Blackcitron ( Date: 19-Jan-2021 16:49) Posted:
| Worth to subscribe the right ? |
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