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China Star Food - The Strong Uptrend building

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piscesmonkey
    30-May-2024 23:52  
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Very good set result tmr going above 20.

&zwnj NAV RMB0.45 = SGD$0.084




 
 
 
piscesmonkey
    30-May-2024 20:19  
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Those bought 14/15 very lucky wont be seeing again. Tmr set to go above 20 liao
 
 
Goodgoing
    30-May-2024 16:03  
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You are right. It is really unreasonable to ask shareholders to spend money to buy rights when there is so much cash on hand. Today' s selling seems to be problematic. I hope there will be no bad news later. The good news of good financial performance has been reflected in the current stock price. Monkey, don' t buy too much, be careful not to get burned.



superstartup      ( Date: 30-May-2024 15:56) Posted:

See the issue about the cash on hand
Now Rights issue for such a small amount of $ compared to the cash " on hand"

 

superstartup      ( Date: 09-May-2024 16:26) Posted:

They have quite a fair amount of cash on hand
Much higher than loans on hand
But then, they still incur Finance Expenses
Don' t square up

Also, they have quite a fair amount of Intangible Assets

For China counters, the norm is super low PE and super low P/BV

Trade with care
 


 

 
piscesmonkey
    30-May-2024 15:58  
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As disclosed in the Company?s 1H2024 Results, the Group had approximately RMB149.5 million in cash and bank balances as at 30 September 2023 (which includes the reallocated Remaining Balance of S$8.4 million from the FY2022 Placement as detailed in the Company?s announcement dated 15 March 2024). The Group?s current cash and bank balances will, together with the proceeds from the Rights Cum Warrants Issue, be applied towards the above plans, among other purposes.

superstartup      ( Date: 30-May-2024 15:56) Posted:

See the issue about the cash on hand
Now Rights issue for such a small amount of $ compared to the cash " on hand"

 

superstartup      ( Date: 09-May-2024 16:26) Posted:

They have quite a fair amount of cash on hand
Much higher than loans on hand
But then, they still incur Finance Expenses
Don' t square up

Also, they have quite a fair amount of Intangible Assets

For China counters, the norm is super low PE and super low P/BV

Trade with care
 


 
 
superstartup
    30-May-2024 15:56  
Contact    Quote!
See the issue about the cash on hand
Now Rights issue for such a small amount of $ compared to the cash " on hand"

 

superstartup      ( Date: 09-May-2024 16:26) Posted:

They have quite a fair amount of cash on hand
Much higher than loans on hand
But then, they still incur Finance Expenses
Don' t square up

Also, they have quite a fair amount of Intangible Assets

For China counters, the norm is super low PE and super low P/BV

Trade with care
 

 
 
piscesmonkey
    30-May-2024 15:43  
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dont be surprise clsoing at 19 or 20 later?

piscesmonkey      ( Date: 30-May-2024 15:42) Posted:

let people buy low now and sell high when result out :P

Goodgoing      ( Date: 30-May-2024 15:40) Posted:

The warrant exercise price is 4 cent....
Share price touch 0.014 just now...why want to subscribe right at 0.0165, i dun understand. I will just queue to buy at 0.014 at open market,hopefully can get


 

 
piscesmonkey
    30-May-2024 15:42  
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let people buy low now and sell high when result out :P

Goodgoing      ( Date: 30-May-2024 15:40) Posted:

The warrant exercise price is 4 cent....
Share price touch 0.014 just now...why want to subscribe right at 0.0165, i dun understand. I will just queue to buy at 0.014 at open market,hopefully can get.

piscesmonkey      ( Date: 30-May-2024 15:35) Posted:

Rights Details
Rights Security ISIN SGXN98198116
Rights Security Name ZIXIN GROUP HOLDINGS LIMITED R
Security Not Found? No
Renounceable Yes
Trading Period From 31/05/2024
Trading Period To 10/06/2024
Rights Security Distribution Ratio- Underlying 10
Rights Security Distribution Ratio- Rights Security 1
Offer Information Statement
Offer Information Statement Lodged? Yes
ZGHL - OIS 2024.05.30.pdf
ZGHL - Lodgement of OIS 2024.05.30.pdf
 
Option Exercise
Issue Price (Per Rights) SGD 0.0165
Exercise Period 31/05/2024 TO 14/06/2024


 
 
Caesar
    30-May-2024 15:42  
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Btw i sold already at 16, counter party PHILLIP

Caesar      ( Date: 30-May-2024 15:39) Posted:

Oic ... so is it safe to buy? ... counter party DBSV

piscesmonkey      ( Date: 30-May-2024 15:33) Posted:

who the seller? cos 12pm lunch time rights issues annoucement say tmr trade


 
 
Goodgoing
    30-May-2024 15:40  
Contact    Quote!
The warrant exercise price is 4 cent....
Share price touch 0.014 just now...why want to subscribe right at 0.0165, i dun understand. I will just queue to buy at 0.014 at open market,hopefully can get.

piscesmonkey      ( Date: 30-May-2024 15:35) Posted:

Rights Details
Rights Security ISIN SGXN98198116
Rights Security Name ZIXIN GROUP HOLDINGS LIMITED R
Security Not Found? No
Renounceable Yes
Trading Period From 31/05/2024
Trading Period To 10/06/2024
Rights Security Distribution Ratio- Underlying 10
Rights Security Distribution Ratio- Rights Security 1
Offer Information Statement
Offer Information Statement Lodged? Yes
ZGHL - OIS 2024.05.30.pdf
ZGHL - Lodgement of OIS 2024.05.30.pdf
 
Option Exercise
Issue Price (Per Rights) SGD 0.0165
Exercise Period 31/05/2024 TO 14/06/2024

 
 
Caesar
    30-May-2024 15:39  
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Oic ... so is it safe to buy? ... counter party DBSV

piscesmonkey      ( Date: 30-May-2024 15:33) Posted:

who the seller? cos 12pm lunch time rights issues annoucement say tmr trade.

Caesar      ( Date: 30-May-2024 15:31) Posted:

I anyhow queue 15 and was surprised to get ... strange that it was up this morning but now lots of sellin


 

 
piscesmonkey
    30-May-2024 15:35  
Contact    Quote!
Rights Details
Rights Security ISIN SGXN98198116
Rights Security Name ZIXIN GROUP HOLDINGS LIMITED R
Security Not Found? No
Renounceable Yes
Trading Period From 31/05/2024
Trading Period To 10/06/2024
Rights Security Distribution Ratio- Underlying 10
Rights Security Distribution Ratio- Rights Security 1
Offer Information Statement
Offer Information Statement Lodged? Yes
ZGHL - OIS 2024.05.30.pdf
ZGHL - Lodgement of OIS 2024.05.30.pdf
 
Option Exercise
Issue Price (Per Rights) SGD 0.0165
Exercise Period 31/05/2024 TO 14/06/2024
 
 
piscesmonkey
    30-May-2024 15:33  
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who the seller? cos 12pm lunch time rights issues annoucement say tmr trade.

Caesar      ( Date: 30-May-2024 15:31) Posted:

I anyhow queue 15 and was surprised to get ... strange that it was up this morning but now lots of selling

Goodgoing      ( Date: 30-May-2024 15:18) Posted:

Sell down to 0.014? Too bad, i want to grab some. The sell down is too fast


 
 
Caesar
    30-May-2024 15:31  
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I anyhow queue 15 and was surprised to get ... strange that it was up this morning but now lots of selling

Goodgoing      ( Date: 30-May-2024 15:18) Posted:

Sell down to 0.014? Too bad, i want to grab some. The sell down is too fast.

piscesmonkey      ( Date: 30-May-2024 14:47) Posted:

later result out will know how much net profit :


 
 
piscesmonkey
    30-May-2024 15:29  
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so park more buy at 15/16 incase

piscesmonkey      ( Date: 30-May-2024 15:27) Posted:

rights around 16.5 so when go down 14 alot people rush in buy later result out then will know back to 20? :P

Goodgoing      ( Date: 30-May-2024 15:18) Posted:

Sell down to 0.014? Too bad, i want to grab some. The sell down is too fast


 
 
piscesmonkey
    30-May-2024 15:27  
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rights around 16.5 so when go down 14 alot people rush in buy later result out then will know back to 20? :P

Goodgoing      ( Date: 30-May-2024 15:18) Posted:

Sell down to 0.014? Too bad, i want to grab some. The sell down is too fast.

piscesmonkey      ( Date: 30-May-2024 14:47) Posted:

later result out will know how much net profit :


 

 
Goodgoing
    30-May-2024 15:18  
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Sell down to 0.014? Too bad, i want to grab some. The sell down is too fast.

piscesmonkey      ( Date: 30-May-2024 14:47) Posted:

later result out will know how much net profit :)

Goodgoing      ( Date: 30-May-2024 14:44) Posted:

The profit guidance is already price in, if really so good, price wouldn' t throw below 2 cent like this. Anyway, i still holding my position. I see they are doing good business, but share price keep coming down, cos sg market, this kind of counter,no activity, only way is down


 
 
piscesmonkey
    30-May-2024 14:47  
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later result out will know how much net profit :)

Goodgoing      ( Date: 30-May-2024 14:44) Posted:

The profit guidance is already price in, if really so good, price wouldn' t throw below 2 cent like this. Anyway, i still holding my position. I see they are doing good business, but share price keep coming down, cos sg market, this kind of counter,no activity, only way is down,

piscesmonkey      ( Date: 30-May-2024 14:40) Posted:

no lar tmr is trade right issues at around 16.5 to 17 that why. can collect now later result out then push up again :


 
 
piscesmonkey
    30-May-2024 14:46  
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Principal Terms of the Rights Cum Warrants Issue
2.1 The principal terms of the proposed Rights Cum Warrants Issue are as summarised below:
Principal Terms Description
Price Issue price of S$0.0165 per Rights Share (&ldquo Issue Price&rdquo )
Exercise price of S$0.0450 per Warrant Share (&ldquo Exercise Price&rdquo )

Discount (specifying
benchmarks and
periods)
The Issue Price represents:
(a) a discount of approximately 23.3% to the theoretical ex-rights
price (&ldquo TERP&rdquo )1 of approximately S$0.0215 per Share based
on the last traded price per Share for Shares traded on the
Catalist Board of the Singapore Exchange Securities Trading
Limited (the &ldquo SGX-ST&rdquo ) on 27 March 2024, being the last
Market Day 2 immediately preceding the date of this
1 The theoretical ex-rights price of each Share is the theoretical market price of each Share assuming the
completion of the Rights Cum Warrants Issue. For the avoidance of doubt, the theoretical ex-rights price
computation does not include the Shares to be issued pursuant to the vesting of share awards under the
Zixin Performance Share Plan as announced by the Company on 22 March 2024 and the Warrant Shares
to be issued from the exercise of the Warrants.
2 &ldquo Market Day&rdquo means a full day on which the SGX-ST was open for trading in securities.
2
announcement on which Shares were traded on the Catalist
Board of the SGX-ST (the &ldquo Last Traded Price&rdquo ) and
(b) a discount of approximately 25.0% to the volume weighted
average price of S$0.022 per Share for Shares traded on the
Catalist Board of the SGX-ST on 27 March 2024, being the
last Market Day immediately preceding the date of this
announcement on which Shares were traded on the Catalist
Board of the SGX-ST (the &ldquo VWAP&rdquo ).
The Exercise Price represents:
(a) a premium of approximately 109.3% to the TERP and
(b) a premium of approximately 104.5% to the VWAP.
Allotment Ratio One (1) Rights Share for every ten (10) existing Shares held by
Eligible Shareholders (as defined below) as at the Record Date,
fractional entitlements to be disregarded, and four (4) Warrants for
every one (1) Rights Share subscribed.
Use of Proceeds Please refer to paragraph 4 of this announcement for details on the
use of proceeds arising from the Rights Cum Warrants Issue.
Purpose of Rights
Cum Warrants Issue
Please refer to paragraph 3 of this announcement for details on the
purpose of the Rights Cum Warrants Issue.

 
 
 
Goodgoing
    30-May-2024 14:44  
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The profit guidance is already price in, if really so good, price wouldn' t throw below 2 cent like this. Anyway, i still holding my position. I see they are doing good business, but share price keep coming down, cos sg market, this kind of counter,no activity, only way is down,

piscesmonkey      ( Date: 30-May-2024 14:40) Posted:

no lar tmr is trade right issues at around 16.5 to 17 that why. can collect now later result out then push up again :p

Goodgoing      ( Date: 30-May-2024 14:37) Posted:

LOL.....funny throw down, doesnt look good.


 
 
piscesmonkey
    30-May-2024 14:40  
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no lar tmr is trade right issues at around 16.5 to 17 that why. can collect now later result out then push up again :p

Goodgoing      ( Date: 30-May-2024 14:37) Posted:

LOL.....funny throw down, doesnt look good.

 
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