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Seem like a good piece of business for Ezra boss, my question is if you are CS, what do you gain from this?
ahhuat08 ( Date: 25-Mar-2017 12:06) Posted:
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From my understanding, this is called share pledging, u pledge ur shares to a nominee bank, in this cae cs, then u usually get a loan out of this pledged shares, for eg, 50% of the share price, presumably, Jit sun (100% owned by LL) pledged ezra shares to cs at much higher price, so when price falls below 50% cs will margin call, if LL doesnt pay up, cs comfiscate the shares. But i still dunt understand y cs needs to pay jit sun/LL.
hedging i think. Is like buying insurance??
So he buy insurance that if one day it happens his company gets suspended, he would be able to sell his share for cash..
Like buying life insurance .. if one day he/she get serious illness or dies, he/she get cash in return for return of the insurance policy.
So if one knows he is going to die, he will go insurance and cover himself gao gao, before he goes jump. Just like some pilot who purposely crash the plane...
is hedging = insurance?
ysh2006 ( Date: 25-Mar-2017 07:48) Posted:
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Like that also can ??
SGX sleeping again... Alot hanky panky business around..
sheerluck ( Date: 24-Mar-2017 23:48) Posted:
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Woo, that works out to be 16 cts apiece. LL really laughing all the way to the bank.
Zindarion ( Date: 24-Mar-2017 23:45) Posted:
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This should be the job of sgx, mas, & cad?
mepkoh ( Date: 25-Mar-2017 09:31) Posted:
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we layman will never understand the financial engiuneering that is going on
ysh2006 ( Date: 25-Mar-2017 07:48) Posted:
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Ceo transfered shares to CS bank and get cash ?...why har
Happyharvest,pls dont do this to sheerluck.
sheerluck ( Date: 24-Mar-2017 21:03) Posted:
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While all their shareholders are losing money, LL can still pocket $12mil dollar. Wicked!. The rest can only sing his very nice name..." LL" .
Zindarion ( Date: 24-Mar-2017 23:45) Posted:
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The Board wishes to also announce that the Company will write in to the Accounting and Corporate Regulatory Authority (&ldquo ACRA&rdquo ) for a further 90-day extension to hold its annual general meeting (&ldquo AGM&rdquo ).
The Board wishes to update that the Company will make a further application to the SGX-ST to seek a 90-day extension from 14 March 2017 to announce the Financial Statement for 1Q2017 (the &ldquo 90-day 1Q2017 Extension&rdquo ) and an application to the SGX-ST to seek a 90-day extension from 14 April 2017 to announce the Financial Statement for 2Q2017.
More extension more pay into pocket.
The change in interest is the result of Ezra' s recent trading suspension which constituted a hedging disruption under a monetising equity collar arrangement (the " Arrangement" ) entered into by Jit Sun Investments Pte. Ltd. (" JSI" ) with Credit Suisse AG, Singapore Branch (" CSAG" ). Further to the hedging disruption, and pursuant to the Arrangement, JSI has transferred its beneficial interest in 73,660,000 shares in the issued and paid-up capital of Ezra to CSAG in return for cash of S$12,202,602.00.
见 鬼 ！ Pls don' t post this kind of thing at night can or not!
happyharvest ( Date: 24-Mar-2017 20:32) Posted:
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LOL!
For Ezra, all you need is just remember this handsome face.
It is like kicking a dead man. No use. Ezra is history and it is waste of time to talk about them. I don' t think that they will ever get back. Which stupid investor will pump in to loosing company. They have already fooled the Japanese to loose big can they lure any one else??????
Yup. It is already suspended. Game over until white knight is found.
Wind22i ( Date: 22-Mar-2017 22:34) Posted:
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Ezra&rsquo s downfall sparks ripple effect http://splash247.com/ezras-downfall-sparks-ripple-effect/