Citicode   

AdvSCT 'alive' again!!

Bro WST, that' s great news! Have been waiting for the company to turnaround for a long long time. Thanks for the  ingo. 

WanSiTong      ( Date: 14-Aug-2014 07:34) Posted: The Group has reversed two consecutive years of losses to turn in a net profit after tax of S$2.2 million in 1H2014. (1H 2013 : Loss S$2.078 M)    It has also recovered from a negative net asset and equity position to a positive net asset and equity position of about S$7 million. The Profit and Balance Sheet of the Group have thus improved significantly. 1. Group turnover increased by 218% to S$34.0 million for the six months ended 30 June 2014 (&ldquo 1H2014&rdquo ) from S$10.7 million for the six months period ended 30 June 2013 (&ldquo 1H2013&rdquo ). This is due to the successful change of business focus from recycling to manufacturing. Revenue in 1H2013 was derived from the remnants of recycling business still in the Group while revenue for 1H2014 consisted of the sale of copper balls and wastewater treatment fees. The Group had completed the disposal of its entire recycling business in 2H2013 and increased its investment in the Taipei-based copper ball business (Western Copper Co., Ltd.) to 52.7% within the same period. 2. Gross margin was lower in 1H2014 as the new copper ball factory in China had not reached the optimal level of operation. The Group expects gross margin to improve in the second half when the second production line is put into operation. 3. Other operating income has increased significantly in 1H2014 to S$4.1 million compared with S$0.6 million in 1H2013. A large part of the increase was the result of the Group&rsquo s successful efforts to recover legacy debts as well as the disposal of non-core/loss-making subsidiaries, which had also contributed to the 9% decrease in selling and distribution expenses, 26% decrease in administrative expenses, as well as 64% decrease in other operating expenses. 4. Finance costs continued to decrease in 1H2014 compared to 1H2013 as well as FY2013 as the Group had been able to repay part of the interest-bearing loans and more of its Scheme Creditors had opted to convert the Scheme Debts into equity during 1H2014. 5. The Group has achieved profitability in 1H2014 due to a confluence of factors. Besides the change of business focus which has increased revenue significantly, investments in Asiapac Metals Pte. Ltd. (in the recycling of precious metals) and B& F Envirotech (Shenyang) Co., Ltd. (wastewater treatment plant) have generated positive returns. Furthermore, the sale or liquidation of loss-making subsidiaries had helped to reduce overall cost of operations. In 1H2014, the Group recovered some legacy debts, which contributed to the bottom-line and cash flow management as well.

 

Yes....加 油 !

WanSiTong      ( Date: 14-Aug-2014 07:36) Posted:

 

 

 

The Group has reversed two consecutive years of losses to turn in a net profit after tax of S$2.2 million in 1H2014. (1H 2013 : Loss S$2.078 M)   

It has also recovered from a negative net asset and equity position to a positive net asset and equity position of about S$7 million.

The Profit and Balance Sheet of the Group have thus improved significantly.

1. Group turnover increased by 218% to S$34.0 million for the six months ended 30 June 2014 (&ldquo 1H2014&rdquo ) from S$10.7 million

for the six months period ended 30 June 2013 (&ldquo 1H2013&rdquo ). This is due to the successful change of business focus from recycling to manufacturing.

Revenue in 1H2013 was derived from the remnants of recycling business still in the Group while revenue for 1H2014 consisted

of the sale of copper balls and wastewater treatment fees. The Group had completed the disposal of its entire recycling business in 2H2013

and increased its investment in the Taipei-based copper ball business (Western Copper Co., Ltd.) to 52.7% within the same period.

2. Gross margin was lower in 1H2014 as the new copper ball factory in China had not reached the optimal level of operation.

The Group expects gross margin to improve in the second half when the second production line is put into operation.

3. Other operating income has increased significantly in 1H2014 to S$4.1 million compared with S$0.6 million in 1H2013.

A large part of the increase was the result of the Group&rsquo s successful efforts to recover legacy debts as well as the disposal of non-core/loss-making subsidiaries,

which had also contributed to the 9% decrease in selling and distribution expenses, 26% decrease in administrative expenses,

as well as 64% decrease in other operating expenses.

4. Finance costs continued to decrease in 1H2014 compared to 1H2013 as well as FY2013 as the Group had been able to repay part of the interest-bearing loans

and more of its Scheme Creditors had opted to convert the Scheme Debts into equity during 1H2014.

5. The Group has achieved profitability in 1H2014 due to a confluence of factors. Besides the change of business focus which has increased revenue significantly,

investments in Asiapac Metals Pte. Ltd. (in the recycling of precious metals) and B& F Envirotech (Shenyang) Co., Ltd. (wastewater treatment plant) have generated positive returns.

Furthermore, the sale or liquidation of loss-making subsidiaries had helped to reduce overall cost of operations.

In 1H2014, the Group recovered some legacy debts, which contributed to the bottom-line and cash flow management as well.

 

 

Will this company close down? I hope to buy at .001c

 

Anyone knows

Director of FORT CANNING (ASIA) PTE LTD

MACARTHUR TAN

 

What is this company doing?

 

 

ruready      ( Date: 04-Aug-2014 17:45) Posted: 1billion placement to be trade Tmr ? How come at this price still can issue new share, 0.001cts is 100%gain! Waw they bet it as a big or small gambling tactics ! So will it open big and a lot gamble to push it up Tmr let see?

 

1billion placement to be trade Tmr ? How come at this price still can issue new share, 0.001cts is 100%gain! Waw they bet it as a big or small gambling tactics ! So will it open big and a lot gamble to push it up Tmr let see?

 

Further to the Company&rsquo s announcements dated 23 July 2014, the Board of Directors of the

Company wishes to announce that the Company has on 4 August 2014 allotted and issued

an aggregate of 1,700,000,000 new ordinary shares in relation to the engagement of Lim &

Tan Securities Pte Ltd to subscribe for and/or procure the subscription of these new ordinary

shares in the capital of the Company.

The new ordinary shares are expected to be listed on the Main Board of the SGX-ST at 9.00 a.m. on 6 August 2014.

 

Additional Details

Capital Amount-Old	SGD 196,266,761
Capital Amount-New	SGD 199,407,761
No. of Existing Outstanding Shares	10,843,205,313
New Shares Issued	1,700,000,000
Offer Price	SGD 0.0019

 

Oh ya 1 more thing the NAV they calculated is -0.003, so this means this is really a risky investment

The placement which had been approved 2 days back has a 5% discount at 0.0019

Simon Eng had his shares/warrant (I cant remember at 0.003) few months/years back

 

So this means he also trying his last card to gain alot or nothing, but looking at the strong support at 0.002 this still have room for play. (But really really long term investment)

 

dragonn      ( Date: 31-Jul-2014 22:03) Posted: Lol I only put $1000 inside, this $1000, I prepare to lose/of gain multiples,   if management do something and show by next month this could worth something.   The private placement of $3m+ had been approved already + they have $1.5m cash from that subsidary they sold. So they have 4.5m now, dont know what they can do, no info no news haha They 1 might take couple of months to have 0.001 up and stablised   yummygd      ( Date: 02-Jul-2014 10:16) Posted: neck very long lol im Qin at 2 cent for max profit....waiting waiting. is a win lots or lose all situation but Management is proving to be working

 

Lol I only put $1000 inside, this $1000, I prepare to lose/of gain multiples,

  if management do something and show by next month this could worth something.

 

The private placement of $3m+ had been approved already + they have $1.5m cash from that subsidary they sold.

So they have 4.5m now, dont know what they can do, no info no news haha

They 1 might take couple of months to have 0.001 up and stablised

 

yummygd      ( Date: 02-Jul-2014 10:16) Posted: neck very long lol im Qin at 2 cent for max profit....waiting waiting. is a win lots or lose all situation but Management is proving to be working

 

neck very long lol im Qin at 2 cent for max profit....waiting waiting. is a win lots or lose all situation but Management is proving to be working

 

interesting ..... collection at 0.002 seems  continuous & persistent  ..... if this turns to be the next multi-bagger like Adventus, those collectors will become multi-millionaires ?

all it needs is to return at least a 10 cts level one day (probably 1 to 2 years time?)

seanpent      ( Date: 26-Jun-2014 11:08) Posted: ADVSCT seems to be working hard on consolidating it' s resources and strength.  Best wishes on their hard work and determination. Hope by then, will see light and will be able to move on to be the next multi-bagger. And firstly,  how about being the next Adventus ? dragonn      ( Date: 25-Jun-2014 23:47) Posted: http://infopub.sgx.com/FileOpen/SCT_Kunshan_Divestment.ashx?App=Announcement& FileID=302727   Woohoo, I knew something was up with the big trading accumulation etc.. Now here' s the news!

 

ADVSCT seems to be working hard on consolidating it' s resources and strength.  Best wishes on their hard work and determination.

Hope by then, will see light and will be able to move on to be the next multi-bagger.

And firstly,  how about being the next Adventus ?

dragonn      ( Date: 25-Jun-2014 23:47) Posted: http://infopub.sgx.com/FileOpen/SCT_Kunshan_Divestment.ashx?App=Announcement& FileID=302727   Woohoo, I knew something was up with the big trading accumulation etc.. Now here' s the news! WanSiTong      ( Date: 25-Jun-2014 22:38) Posted: DISPOSAL OF THE GROUP&rsquo S PRINTED CIRCUIT BOARD BUSINESS The nominal consideration for the Sales Shares is one Singapore dollar (S$1). (5) Whether there are any material conditions attaching to the proposed disposal including a put, call or other option and details thereof (i) Recovery of Legacy Debt The Purchaser undertakes to repay RMB 5.2 million (ca. S$1.04 million) of legacy debt owing to the Company in two tranches: RMB 4.2 million has been paid upon the signing of the Agreement and RMB 1 million will be due on Completion which is scheduled on or before 30 September 2014. At Completion, the Company will transfer the Sale Shares to the Purchaser. (6) The value of the assets being disposed of The book value of SCT Kunshan is negative. The net liability of SCT Kunshan stands at S$1.833 million as at 31 December 2013.

 

http://infopub.sgx.com/FileOpen/SCT_Kunshan_Divestment.ashx?App=Announcement& FileID=302727

 

Woohoo, I knew something was up with the big trading accumulation etc..

Now here' s the news!

WanSiTong      ( Date: 25-Jun-2014 22:38) Posted: DISPOSAL OF THE GROUP&rsquo S PRINTED CIRCUIT BOARD BUSINESS The nominal consideration for the Sales Shares is one Singapore dollar (S$1). (5) Whether there are any material conditions attaching to the proposed disposal including a put, call or other option and details thereof (i) Recovery of Legacy Debt The Purchaser undertakes to repay RMB 5.2 million (ca. S$1.04 million) of legacy debt owing to the Company in two tranches: RMB 4.2 million has been paid upon the signing of the Agreement and RMB 1 million will be due on Completion which is scheduled on or before 30 September 2014. At Completion, the Company will transfer the Sale Shares to the Purchaser. (6) The value of the assets being disposed of The book value of SCT Kunshan is negative. The net liability of SCT Kunshan stands at S$1.833 million as at 31 December 2013.

 

DISPOSAL OF THE GROUP&rsquo S PRINTED CIRCUIT BOARD BUSINESS

The nominal consideration for the Sales Shares is one Singapore dollar (S$1).

(5) Whether there are any material conditions attaching to the proposed disposal including

a put, call or other option and details thereof

(i) Recovery of Legacy Debt

The Purchaser undertakes to repay RMB 5.2 million (ca. S$1.04 million) of legacy debt owing to

the Company in two tranches: RMB 4.2 million has been paid upon the signing of the Agreement

and RMB 1 million will be due on Completion which is scheduled on or before 30 September

2014. At Completion, the Company will transfer the Sale Shares to the Purchaser.

(6) The value of the assets being disposed of

The book value of SCT Kunshan is negative. The net liability of SCT Kunshan stands at S$1.833

million as at 31 December 2013.

 

 

good or bad?

 

This explains the huge volume traded last friday

WanSiTong      ( Date: 20-Jun-2014 08:16) Posted: PROPOSED PLACEMENT OF UP TO 1,700,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF ADVANCE SCT LIMITED AT A PLACEMENT PRICE OF S$0.0019 FOR EACH PLACEMENT SHARE 1.1 The Board of Directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Advance SCT Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company has on 19 June 2014 entered into a placement agreement (the " Placement Agreement" ) with Lim & Tan Securities Pte Ltd as the placement agent (the " Placement Agent" ). Pursuant to the Placement Agreement, the Company has agreed to allot and issue up to 1,700,000,000 new ordinary shares in the capital of the Company (the Placement Shares and each a " Placement Share" ) at an issue price of S$0.0019 (the Placement Price) for each Placement Share (the Placement) and the Placement Agent has agreed, on a best endeavours basis, to procure subscribers for the Placement Shares at the Placement Price on the terms and subject to the conditions of the Placement Agreement. 1.2 The Placement will not be underwritten. 2.4 Assuming all the Placement Shares are placed out, the Company' s issued and paid-up share capital will increase from 10,772,398,210 Shares as at the date of this announcement to 12,472,398,210 Shares. The Placement Shares represent approximately 15.8% of the existing issued and paid-up share capital of the Company as at the date of this announcement, and approximately 13.6% of the enlarged issued and paid-up share capital of the Company following completion of the Placement. 2.5 The Placement Price represents a discount of approximately 5% to the weighted average price of S$0.002 for each Share, based on trades done on Main Board of the Singapore Exchange Securities Trading Limited (" SGX-ST" ) for the full market day on 19 June 2014 (being the full market day on which the Placement Agreement was signed). The discount of 5% is within the 10% discount limit as stated in Rule 811(1) of the Listing Manual. 3. CONDITIONS OF THE PLACEMENT The Placement is conditional upon, inter alia, the following:- (a) the approval in-principle of the SGX-ST being obtained (and not revoked or amended as at the Completion Date) for the Placement, including the listing and quotation of the Placement Shares to be allotted and issued pursuant thereto, and where such approval is subject to any conditions, such conditions being acceptable to the Placement Agent, and where such conditions are required to be fulfilled on or before the Completion Date, such conditions having been so fulfilled (b) the approval of the Company&rsquo s shareholders being obtained for the Placement (including the issuance of New Shares pursuant thereto) and the said approval being in full force and effect on the Completion Date and (c) the delivery of the Certificate by the Company to the Placement Agent on the Completion Date. 4. PURPOSE AND USE OF PROCEEDS Assuming that all the Placement Shares are placed out, the estimated net proceeds from the Placement (the " Net Proceeds" ) will be approximately S$3,141,000 (after deducting expenses of approximately S$89,000 incurred by the Company in connection with the Placement). The Company intends to use the Net Proceeds as follows:- (a) Approximately S$2,200,000 or about 70% of the Net Proceeds will be used to fund the growth of the Group&rsquo s operations, including expansion in production facilities, investments in new capabilities and businesses. (b) Approximately S$941,000 or about 30% of the Net Proceeds will be used to provide general working capital for productions and operations, and improve current premises and facilities.

 

PROPOSED PLACEMENT OF UP TO 1,700,000,000 NEW ORDINARY SHARES IN

THE CAPITAL OF ADVANCE SCT LIMITED AT A PLACEMENT PRICE OF S$0.0019 FOR EACH PLACEMENT SHARE

1.1 The Board of Directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Advance SCT Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce

that the Company has on 19 June 2014 entered into a placement agreement (the " Placement Agreement" ) with Lim & Tan Securities Pte Ltd as the

placement agent (the " Placement Agent" ). Pursuant to the Placement Agreement, the Company has agreed to allot and issue up to 1,700,000,000

new ordinary shares in the capital of the Company (the Placement Shares and each a " Placement Share" ) at an issue price of S$0.0019 (the Placement

Price) for each Placement Share (the Placement) and the Placement Agent has agreed, on a best endeavours basis, to procure subscribers for the

Placement Shares at the Placement Price on the terms and subject to the conditions of the Placement Agreement.

1.2 The Placement will not be underwritten.

2.4 Assuming all the Placement Shares are placed out, the Company' s issued and paid-up share capital will increase from 10,772,398,210 Shares as at the

date of this announcement to 12,472,398,210 Shares. The Placement Shares represent approximately 15.8% of the existing issued and paid-up share

capital of the Company as at the date of this announcement, and approximately 13.6% of the enlarged issued and paid-up share capital of

the Company following completion of the Placement.

2.5 The Placement Price represents a discount of approximately 5% to the weighted average price of S$0.002 for each Share, based on trades done on

Main Board of the Singapore Exchange Securities Trading Limited (" SGX-ST" ) for the full market day on 19 June 2014 (being the full market day on which

the Placement Agreement was signed). The discount of 5% is within the 10% discount limit as stated in Rule 811(1) of the Listing Manual.

3. CONDITIONS OF THE PLACEMENT

The Placement is conditional upon, inter alia, the following:-

(a) the approval in-principle of the SGX-ST being obtained (and not revoked or amended as at the Completion Date) for the Placement, including the

listing and quotation of the Placement Shares to be allotted and issued pursuant thereto, and where such approval is subject to any conditions,

such conditions being acceptable to the Placement Agent, and where such conditions are required to be fulfilled on or before the Completion

Date, such conditions having been so fulfilled

(b) the approval of the Company&rsquo s shareholders being obtained for the Placement (including the issuance of New Shares pursuant thereto) and

the said approval being in full force and effect on the Completion Date

and

(c) the delivery of the Certificate by the Company to the Placement Agent on the Completion Date.

4. PURPOSE AND USE OF PROCEEDS

Assuming that all the Placement Shares are placed out, the estimated net proceeds from the Placement (the " Net Proceeds" ) will be approximately

S$3,141,000 (after deducting expenses of approximately S$89,000 incurred by the Company in connection with the Placement).

The Company intends to use the Net Proceeds as follows:-

(a) Approximately S$2,200,000 or about 70% of the Net Proceeds will be used to fund the growth of the Group&rsquo s operations, including expansion in

production facilities, investments in new capabilities and businesses.

(b) Approximately S$941,000 or about 30% of the Net Proceeds will be used to provide general working capital for productions and operations,

and improve current premises and facilities.

 

 

200,000+ lots volume traded last friday something coming up soon

 

It has been hovering around that price for so long

jackong1979      ( Date: 10-Jun-2014 22:38) Posted: seems like this stock is going to arrow up tmrw morning. good sign beemerc      ( Date: 10-Jun-2014 21:32) Posted: When is the special general meeting?