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My senior say 10cts, mai lah I want 0.008 let ppl get another 0.002 for my slot
Goods news?
The board of directors (the ?Board? or ?Directors?) of MMP Resources Limited (the ?Company?) together with its subsidiaries (the ?Group?) refers to the announcements released by the Company on 4 March 2020, 10 March 2020, 24 March 2020 and 1 April 2020 in relation to, among others, the identification of a Japanese asset (referred to as ?Target 1? in the announcement released by the Company on 10 March 2020) for potential acquisition by the Company.
1.2 The Board wishes to inform shareholders of the Company (the ?Shareholders?) that it has on 28 April 2020 entered into a conditional sale and purchase agreement (the ?SPA?) with Majesty Asset Management Ltd (the ?Vendor?, and the Vendor and the Company collectively, the ?Parties?), in respect of the acquisition by the Company of all the shares in the entire issued and paid up share capital (the ?Sale Shares?) of GCM Ltd. (the ?Target Company?) for a purchase consideration of S$118,000,000 (the ?Proposed Acquisition?). Following completion of the Proposed Acquisition (?Completion?), the Target Company will be wholly-owned by the Company.
1.3 The Proposed Acquisition, if undertaken and completed, is expected to result in a ?Reverse Takeover? of the Company as defined under Chapter 10 of the Mainboard Rules of the Listing Manual (the ?Listing Rules?) of the Singapore Exchange Securities Trading Limited (the ?SGX-ST? or ?Exchange?). Accordingly, pursuant to Rule 1015(1)(b) of the Listing Rules, the Proposed Acquisition is subject to the approval of the SGX-ST and the Shareholders at an extraordinary general meeting of the Company to be convened in respect of, inter alia, the Proposed Acquisition (the ?EGM?).
1.2 The Board wishes to inform shareholders of the Company (the ?Shareholders?) that it has on 28 April 2020 entered into a conditional sale and purchase agreement (the ?SPA?) with Majesty Asset Management Ltd (the ?Vendor?, and the Vendor and the Company collectively, the ?Parties?), in respect of the acquisition by the Company of all the shares in the entire issued and paid up share capital (the ?Sale Shares?) of GCM Ltd. (the ?Target Company?) for a purchase consideration of S$118,000,000 (the ?Proposed Acquisition?). Following completion of the Proposed Acquisition (?Completion?), the Target Company will be wholly-owned by the Company.
1.3 The Proposed Acquisition, if undertaken and completed, is expected to result in a ?Reverse Takeover? of the Company as defined under Chapter 10 of the Mainboard Rules of the Listing Manual (the ?Listing Rules?) of the Singapore Exchange Securities Trading Limited (the ?SGX-ST? or ?Exchange?). Accordingly, pursuant to Rule 1015(1)(b) of the Listing Rules, the Proposed Acquisition is subject to the approval of the SGX-ST and the Shareholders at an extraordinary general meeting of the Company to be convened in respect of, inter alia, the Proposed Acquisition (the ?EGM?).
Japanese company take over
ruready ( Date: 28-Apr-2020 08:35) Posted:
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Trading halt huh,any news? Can share
Small small see how it go, 5 or 6 if can, it just recovery from. Halt,
ruready ( Date: 27-Apr-2020 10:03) Posted:
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Jeep small amall
Trading Halt....gone liao .
wiltay ( Date: 29-Jan-2020 18:18) Posted:
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Wa lao.. this counter price become 0.003. still remember used to invest this when it called sino construction at 20cents sold at losses ard 10cents. My ass burn like hell. 😪
today, MMP' s turn to shoot up ...
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Run because it has a " Resource" as part of its name ah?
something brewing
and the time has come
bishalnb ( Date: 18-Jul-2019 17:16) Posted:
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buy / sell
right / left
right / left
this is a Joker counter !
Seller and Buyer are themselves..all playing at 0.004 and 0.005.
STUPID COUNTER !
Seller and Buyer are themselves..all playing at 0.004 and 0.005.
STUPID COUNTER !
what just happened, 0.005 scooped all up
You jokers still trade this rubbish?? Get a life!!
Whoever mentioned that MMP is similar to a circus act would not be too far from the truth. Let' s consider the following:
- Company has gone through multiple transformations over the years. From mining, to alternative energy, then ski resorts, and now Solar Founders
- If you dig through the annual reports, the company has actually been making losses for 5 years. Not just three years. The profit it reported in 2015 was due to a writeback, a non-cash item
- Any revenue reported since 2015, highly likely to be fake. Once again, look through cash flows. It will leave you scratching your head i.e., did they collect the money
- Disclaimer of opinion from auditors for at least 7 years if I remember correctly. What has SGX been doing? In HK, a disclaimer of opinion would cause the company' s stock to be suspended.
- Christopher Peck, the ex-director, is the only one who stands to benefit from the deal with Solar Founders
- This is a case of a syndicate (note the changes in board of directors for the last 5 years along with changes in shareholdings) that are using a shell to manipulate the share price to their own benefit.
Tyre flat