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OIO is now under circuit breaker, what' s happening?
If I' m not wrong the JM extended to 01 July 2017. Any latest news to be shared for this power company?
stlimst ( Date: 10-Jun-2017 09:49) Posted:
I believe Tech Oil & Gas is more of a service company.
With a reversed takeover, Emerald will inject their assets and business into the company .
Likely most of Tech O& G' s assets will be sold.
The good thing is that it need not a a distressed sale.
There will be some net asset value plus the takeover premium.
Shareholders shoudl get back something.
This is a good outcome by the judicial managers.
Hopefully for the other companies under judicial management can have similarly good outcome.
ysh2006 ( Date: 10-Jun-2017 07:31) Posted:
| At what price they want this ship |
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I believe Tech Oil & Gas is more of a service company.
With a reversed takeover, Emerald will inject their assets and business into the company .
Likely most of Tech O& G' s assets will be sold.
The good thing is that it need not a a distressed sale.
There will be some net asset value plus the takeover premium.
Shareholders shoudl get back something.
This is a good outcome by the judicial managers.
Hopefully for the other companies under judicial management can have similarly good outcome.
ysh2006 ( Date: 10-Jun-2017 07:31) Posted:
At what price they want this ship ?
stlimst ( Date: 09-Jun-2017 21:22) Posted:
That's good and encouraging news....something that shareholders can look forward to. Emerald is in real estate dev business so it is entirely out of O&G completely.
Interesting indeed...lets watch this |
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At what price they want this ship ?
stlimst ( Date: 09-Jun-2017 21:22) Posted:
That's good and encouraging news....something that shareholders can look forward to. Emerald is in real estate dev business so it is entirely out of O&G completely.
Interesting indeed...lets watch this.
deathztm ( Date: 09-Jun-2017 13:21) Posted:
| hmm interesting, reverse takeover by Emerald group. wonder what will happen next |
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That's good and encouraging news....something that shareholders can look forward to. Emerald is in real estate dev business so it is entirely out of O&G completely.
Interesting indeed...lets watch this.
deathztm ( Date: 09-Jun-2017 13:21) Posted:
| hmm interesting, reverse takeover by Emerald group. wonder what will happen next |
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hmm interesting, reverse takeover by Emerald group. wonder what will happen next
discussions with a few potential investors, who have expressed preliminary interests in the Company.
Finally going to be back in the game. 
http://infopub.sgx.com/FileOpen/Technics%20-%20SGX%20Announcement%20for%20application%20of%20extension%20of%20time%20to%20submit%20resumption%20proposal.ashx?App=Announcement& FileID=454184
swiber very likely, 400m bonds due in sept, if cannot roll over sure declare BK.
Swissco and swiber
So who is next?
