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Those bot below 008should be huat..No point chasing at 010..RTO only price at 0.0105
look@bright ( Date: 25-Nov-2020 19:52) Posted:
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Don' t chase, dangerous
ThankYou ( Date: 01-Dec-2020 14:31) Posted:
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No one selling
ThankYou ( Date: 01-Dec-2020 14:30) Posted:
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The behaviour exactly like life brandZ
SmallSmall ( Date: 01-Dec-2020 14:10) Posted:
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I like this one. Hovering near the recent high in anticipation of the long awaited RTO by 31-12-2020.
Risk of delisting if conditions not filled by then.
But reading through the latest annoucement, it appears SGX has given certain clearance subject to the company fulflling certain conditions.
MC Payment is no small business. It is the backroom processor for E-payments.
But please DYODD.
Risk of delisting if conditions not filled by then.
But reading through the latest annoucement, it appears SGX has given certain clearance subject to the company fulflling certain conditions.
MC Payment is no small business. It is the backroom processor for E-payments.
But please DYODD.
👍 Thanks!
look@bright ( Date: 26-Nov-2020 10:45) Posted:
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correction:
as low* as possible
as low* as possible
look@bright ( Date: 26-Nov-2020 10:41) Posted:
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depends on your own risk and due D. Not for contra until RTO definitely. Everyone wants to buy as long as possible now this is what i think..
ThankYou ( Date: 26-Nov-2020 10:19) Posted:
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Can buy more to keep at 0.7?
ThankYou ( Date: 25-Nov-2020 21:31) Posted:
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👍 Thanks Bro!
look@bright ( Date: 25-Nov-2020 19:58) Posted:
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but pls note there will be a share consodation of 20:1 shares to $0.21 after completion of RTO. But always DYODD.
look@bright ( Date: 25-Nov-2020 19:52) Posted:
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Below is extracted from the annocement dated 17 September 2019
Artivision Technologies Ltd - Announcement on ARSPA (Final)v2 (sgx.com)
2.5.3. Satisfaction of Consideration The Total Consideration shall be satisfied in full by the allotment and issuance of new Shares1 after the completion of the Proposed Share Consolidation (the &ldquo Consideration Shares&rdquo ) at the postProposed Share Consolidation issue price. The number of Consideration Shares (on a preProposed Share Consolidation basis) to be allotted and issued at the issue price of S$0.0105 (the &ldquo Issue Price&rdquo ) are as follows: (a) the issue of up to 6,249,825,601 Consideration Shares (on a pre-Proposed Share Consolidation basis) by the Company to the holders of Target Shares on a pro rata basis based on the number of Target Shares (excluding Series D Target Shares) held by each holder of Target Shares (b) the issue of up 2,425,513,776 Consideration Shares (on a pre-Proposed Share Consolidation basis) by the Company to the holders of Series D Target Shares and Series D Bonds on a pro rata basis based on the number of Series D Target Shares and Series D Bonds (on an as-converted basis) held by each holder of Series D Target Shares and/or Series D Bonds and 1 &ldquo Shares&rdquo means the ordinary shares of the Company from time to time. 6 (c) the issue of 210,925,426 Consideration Shares (on a pre-Proposed Share Consolidation basis) by the Company to the Introducer (as defined below) on a pro rata basis based on the number of Sale Shares held by the Introducer, calculated in accordance with paragraph 0 of this announcement. The number of Consideration Shares to be issued as consideration for the Proposed Acquisition has been calculated based on (i) the Company receiving approval-in-principle for the Proposed Acquisition from the SGX-ST by a certain date (ii) the Target successfully raising a further S$9.0 million pursuant to the Fund-Raising Activities (iii) no interest will be accrued on the further S$9.0 million pursuant to the Fund-Raising Activities and (iv) the holders of outstanding Series D Bonds issued by the Target pursuant to the to the Phase 1 Funds electing to convert the entire outstanding amount of their Series D Bonds into Target Shares prior to Completion.
Artivision Technologies Ltd - Announcement on ARSPA (Final)v2 (sgx.com)
2.5.3. Satisfaction of Consideration The Total Consideration shall be satisfied in full by the allotment and issuance of new Shares1 after the completion of the Proposed Share Consolidation (the &ldquo Consideration Shares&rdquo ) at the postProposed Share Consolidation issue price. The number of Consideration Shares (on a preProposed Share Consolidation basis) to be allotted and issued at the issue price of S$0.0105 (the &ldquo Issue Price&rdquo ) are as follows: (a) the issue of up to 6,249,825,601 Consideration Shares (on a pre-Proposed Share Consolidation basis) by the Company to the holders of Target Shares on a pro rata basis based on the number of Target Shares (excluding Series D Target Shares) held by each holder of Target Shares (b) the issue of up 2,425,513,776 Consideration Shares (on a pre-Proposed Share Consolidation basis) by the Company to the holders of Series D Target Shares and Series D Bonds on a pro rata basis based on the number of Series D Target Shares and Series D Bonds (on an as-converted basis) held by each holder of Series D Target Shares and/or Series D Bonds and 1 &ldquo Shares&rdquo means the ordinary shares of the Company from time to time. 6 (c) the issue of 210,925,426 Consideration Shares (on a pre-Proposed Share Consolidation basis) by the Company to the Introducer (as defined below) on a pro rata basis based on the number of Sale Shares held by the Introducer, calculated in accordance with paragraph 0 of this announcement. The number of Consideration Shares to be issued as consideration for the Proposed Acquisition has been calculated based on (i) the Company receiving approval-in-principle for the Proposed Acquisition from the SGX-ST by a certain date (ii) the Target successfully raising a further S$9.0 million pursuant to the Fund-Raising Activities (iii) no interest will be accrued on the further S$9.0 million pursuant to the Fund-Raising Activities and (iv) the holders of outstanding Series D Bonds issued by the Target pursuant to the to the Phase 1 Funds electing to convert the entire outstanding amount of their Series D Bonds into Target Shares prior to Completion.
ThankYou ( Date: 25-Nov-2020 19:39) Posted:
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I bought some at 0.8 cent. So is the 1.05 cents guaranteed of the RTO goes through?
Smarty ( Date: 25-Nov-2020 19:31) Posted:
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Hope this LJ penny won' t drift back to .004
Arti is poised to take off as buy vol increases
Artivision a step closer to proposed reverse takeover
CATALIST-LISTED Artivision Technologies has completed the pre-clearance consultation on certain matters for its plan to acquire electronic payment and online retail business Mobile Credit Payment (MC Payment).
It has also submitted a pre-admission notification to the bourse operator for the proposed deal, which will result in a reverse takeover (RTO) of Artivision.
The company intends to despatch a circular to its shareholders to seek their approval for the transaction by Dec 31, it said in a bourse filing on Monday night.
This comes after Artivision noted earlier this month that the due diligence exercise for the deal had entered its final stage.
In September, Artivision again extended the deadline for the proposed deal - the long-stop date was pushed back to Dec 31, from the previous Sept 30 target - and said its board was intending to submit the pre-admission notification by end-October.
The planned RTO was first announced in May 2018, after Artivision, which used to be a video solutions provider, became a cash company earlier that year.
The firm has until Feb 28, 2021 to complete the transaction and meet the requirements for a new listing on the Singapore bourse, according to its filing on Sept 25, 2020.
In September 2019, Artivision inked an amended and restated conditional sale and purchase agreement (SPA) for the proposed acquisition.
Among other things, the maximum total consideration for all shares and convertible bonds issued by MC Payment was lowered then to about S$93.3 million under that SPA, which replaced the original agreement dated April 27, 2018.
Previously, the total consideration comprised a base consideration of up to S$80 million, an additional consideration of up to S$20 million, and an amount of up to S$25 million in respect of the acquisition of iFashion Group, an online fashion venture platform that MC Payment had been in the process of acquiring.
Company actually has been granted an extension till late Feb 2020 to complete the RTO deal by SGX.
Wonder who is selling today?
Mr Ching where are you? Your counter has been bashed down today.
Wonder who is selling today?
Mr Ching where are you? Your counter has been bashed down today.
Have they secure the $9m pre-IPO monies?
If u see the shareholding in AR, other than Mr Ching, there are also a few other shareholders of Oxley holding a significant amount of shares.
Nobody interested ? Oxley boss is a major shareholder and he believe he can make the RTO work.
He can deliver and that matters
He can deliver and that matters