Winmark Inv   

CLASS of 2014 IPO Code 40(x)

Another bite the dust with delist 😂

 

SGX grants time extensions for First Sponsor, Serrano to hold AGMs

SUN, MAR 29, 2020 - 8:23 PM

Property developer First Sponsor Group on Saturday said it has obtained permission from the Singapore Exchange Regulation (SGX RegCo) to  postpone its annual general meeting (AGM) for its financial year ended Dec 2019, in light of stricter measures that limit gathering sizes to prevent the further spread of Covid-19.

" The company sought the waiver (from complying with listing rules) as it is waiting for details as to the alternative arrangements to be put in place in  relation to the manner of conduct of the AGM and it will require time to put in place such  arrangements," it said in a notice filed to the exchange.

It said that it will issue its annual report to its shareholders and the Singapore Exchange SecuritiesTrading by April 15. According to its indicative timeline, it seeks to issue its  notice of AGM and letter to shareholders in relation to the  proposed change of auditors and proxy forms by June 14, and will hold its AGM by June 30.

Separately,  Catalist-listed interior designer Serrano on Saturday said that SGX has granted a four-month time extension to April 30 for the company to submit its trading  resumption proposal a two-month extension until April 30 to announce its full year  unaudited financial results for FY19 and a two-month extension until June 30 to hold its FY19 AGM, among other things.
​ https://www.businesstimes.com.sg/real-estate/sgx-grants-time-extensions-for-agms-to-first-sponsor-serrano

 

Hi,any retail investor invest in this counter? I want to write in to SGX and demand an answer for the huge losses and also why it is still suspended?
I hope that SGX can step up and ask the company to give explain to us. I need help from retail investor to join force and I will write in to SGX

 

Any kind soul can help on the announcement ? i do not know what it means?

 

Hope that someone can explain to me what the announcement means?
Appreciate it

wailuntaytay      ( Date: 15-May-2019 23:21) Posted: May I know what they mean from the announcement? Query on Certain actions from previous management? Moreover it is not enquiry from SGX,it is inquiry from SGX,Inquiry means? Does that mean the company have findings of previous huge losses? The Ex CEO should step out to explain to all retail investor. I should not have bought this share,after public listed and it went to huge losses,hope SGX can really have some big findings . Singapore should not let this type of company go listed,worst than roller coaster,go way down till going GAME OVER straight after Listed. It is time that SGX check on this company seriously and the Ex CEO. I need help on the announcement,can anyone explain what it means? Will it delist?

 

May I know what they mean from the announcement?
Query on Certain actions from previous management?
Moreover it is not enquiry from SGX,it is inquiry from SGX,Inquiry means?
Does that mean the company have findings of previous huge losses? The Ex CEO should step out to explain to all retail investor.
I should not have bought this share,after public listed and it went to huge losses,hope SGX can really have some big findings .
Singapore should not let this type of company go listed,worst than roller coaster,go way down till going GAME OVER straight after Listed. It is time that SGX check on this company seriously and the Ex CEO.
I need help on the announcement,can anyone explain what it means? Will it delist?

 

Any hope in lifting suspension soon after yesterday' s egm? 

 

Maybank sold the 16 Sungei Kadut Way for only $2.5 M , the 39 Sungei Kadut Loop , UOB asking $3.x M is too expensive ,
​ basing on the $45 psf on land , the 39 Sungei Kadut Loop shall be around $2.x M.

bernardc      ( Date: 15-Dec-2017 09:40) Posted: when this coy has it suspension lifted.. i wont be surprised that ..bbs selling to buddies at cheapo price say .0001..resulting in take over.. then push up sp to .002 n unload..just like blu monty Tommy12356      ( Date: 15-Dec-2017 08:46) Posted: It is still suspend ??

 

when this coy has it suspension lifted..
i wont be surprised that ..bbs selling to buddies at cheapo price say .0001..resulting in take over..
then push up sp to .002 n unload..just like blu monty

Tommy12356      ( Date: 15-Dec-2017 08:46) Posted: It is still suspend ??? Alvin2042      ( Date: 15-Dec-2017 06:30) Posted: Who offer an exit offer if there is no capital injection? Now negative capital with no business

 

It is still suspend ???

Alvin2042      ( Date: 15-Dec-2017 06:30) Posted: Who offer an exit offer if there is no capital injection? Now negative capital with no business. happyharvest      ( Date: 15-Dec-2017 05:31) Posted: would there be a delist offer

 

Who offer an exit offer if there is no capital injection? Now negative capital with no business.

happyharvest      ( Date: 15-Dec-2017 05:31) Posted: would there be a delist offer? happyharvest      ( Date: 15-Dec-2017 05:30) Posted: just notice this.. http://infopub.sgx.com/FileOpen/Extension%20Announcement%20-%20continuing%20sponsorship.ashx?App=Announcement& FileID=480902 Shareholders and potential investors are duly informed that if 3 months after the lapse of the Further Extension and the Company does not then have a continuing sponsor, the Company could, pursuant to Rule 1305(1)(c) of the Catalist Rules, potentially face the prospect of the Delisting.

 

would there be a delist offer?

happyharvest      ( Date: 15-Dec-2017 05:30) Posted: just notice this.. http://infopub.sgx.com/FileOpen/Extension%20Announcement%20-%20continuing%20sponsorship.ashx?App=Announcement& FileID=480902 Shareholders and potential investors are duly informed that if 3 months after the lapse of the Further Extension and the Company does not then have a continuing sponsor, the Company could, pursuant to Rule 1305(1)(c) of the Catalist Rules, potentially face the prospect of the Delisting.

 

just notice this..

http://infopub.sgx.com/FileOpen/Extension%20Announcement%20-%20continuing%20sponsorship.ashx?App=Announcement& FileID=480902

Shareholders and potential investors are duly informed that if 3 months after the lapse of the Further Extension and the Company does not then have a continuing sponsor, the Company could, pursuant to Rule 1305(1)(c) of the Catalist Rules, potentially face the prospect of the Delisting. 

 

Can resuming trading ???

papayaface      ( Date: 23-Nov-2017 08:11) Posted: If only they have the cash. Probably gone long time already. Good luck Tommy12356      ( Date: 23-Nov-2017 08:01) Posted: Can they give exit offer

 

If only they have the cash. Probably gone long time already. Good luck

Tommy12356      ( Date: 23-Nov-2017 08:01) Posted: Can they give exit offer ? papayaface      ( Date: 23-Nov-2017 07:25) Posted: Smells something is rotten and someone is trying to remove evidence. Ideal for shortists. Good luc

 

Can they give exit offer ?

papayaface      ( Date: 23-Nov-2017 07:25) Posted: Smells something is rotten and someone is trying to remove evidence. Ideal for shortists. Good luck tonytan44      ( Date: 23-Nov-2017 01:11) Posted: ACRA how to help? company keep asking for extention but in the meantime financial controller resign. office sold off . scheme manager resign. sponser also dont want to continue. there isnt any compellin reason for acra to re  consider.  even the investor also have doubts when the last round new debts resurface. heng i was not vested although i did short a few round

 

Smells something is rotten and someone is trying to remove evidence. Ideal for shortists. Good luck

tonytan44      ( Date: 23-Nov-2017 01:11) Posted: ACRA how to help? company keep asking for extention but in the meantime financial controller resign. office sold off . scheme manager resign. sponser also dont want to continue. there isnt any compellin reason for acra to re  consider.  even the investor also have doubts when the last round new debts resurface. heng i was not vested although i did short a few rounds mrwise      ( Date: 23-Nov-2017 00:05) Posted: Acra not helping at all..... the investors all suffer at the end...

 

ACRA how to help? company keep asking for extention but in the meantime financial controller resign. office sold off . scheme manager resign. sponser also dont want to continue. there isnt any compellin reason for acra to re  consider.  even the investor also have doubts when the last round new debts resurface. heng i was not vested although i did short a few rounds

mrwise      ( Date: 23-Nov-2017 00:05) Posted: Acra not helping at all..... the investors all suffer at the end.... happyharvest      ( Date: 22-Nov-2017 23:05) Posted: Notwithstanding the above, the Board wishes to announce that the Company had on 17 November 2017, written in to ACRA requesting ACRA to re-consider the Company&rsquo s application for the February AGM Extension. The Board will keep Shareholders updated on the outcome of the said application.      There' s a court hearing yesterday. wondering what' s the outcome. The Court has directed that the Applications will be heard on 21 November 2017 (Tuesday) at 10.00am (&ldquo Court Hearing&rdquo ).

 

what will happen if Serrano cannot extend AGM? I think is time for them to stop extending.keeps extending and extending.. wasting everybody time.

mrwise      ( Date: 23-Nov-2017 00:05) Posted: Acra not helping at all..... the investors all suffer at the end.... happyharvest      ( Date: 22-Nov-2017 23:05) Posted: Notwithstanding the above, the Board wishes to announce that the Company had on 17 November 2017, written in to ACRA requesting ACRA to re-consider the Company&rsquo s application for the February AGM Extension. The Board will keep Shareholders updated on the outcome of the said application.      There' s a court hearing yesterday. wondering what' s the outcome. The Court has directed that the Applications will be heard on 21 November 2017 (Tuesday) at 10.00am (&ldquo Court Hearing&rdquo ).

 

Acra not helping at all.....

the investors all suffer at the end....

happyharvest      ( Date: 22-Nov-2017 23:05) Posted: Notwithstanding the above, the Board wishes to announce that the Company had on 17 November 2017, written in to ACRA requesting ACRA to re-consider the Company&rsquo s application for the February AGM Extension. The Board will keep Shareholders updated on the outcome of the said application.      There' s a court hearing yesterday. wondering what' s the outcome. The Court has directed that the Applications will be heard on 21 November 2017 (Tuesday) at 10.00am (&ldquo Court Hearing&rdquo ).  tonytan44      ( Date: 22-Nov-2017 20:03) Posted: finally game over. ACRA reject extention for company to lay its financial statement 2016. i think this also mean breach the Conditions Precedent and it also means the Schemes will terminate immediately and absolutely upon the failure to satisfy (or waive) the Conditions Precedent by the Effective Date .