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Heerbrugg
    14-Sep-2022 08:34  
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Quite normally since more than a decade ago.
Imagine i still holding EZRA, suspended donking years....

tongphlp      ( Date: 14-Sep-2022 08:25) Posted:

question at the back of investors' minds - how did SGX allow this to happen? 

Heerbrugg      ( Date: 14-Sep-2022 08:20) Posted:

Tio halt still ok, tio suspend most likely gone case especially for penny stocks.
Either hold for months or years.
If by years, most likely will be delisting from sgx.


 
 
tongphlp
    14-Sep-2022 08:25  
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question at the back of investors' minds - how did SGX allow this to happen? 

Heerbrugg      ( Date: 14-Sep-2022 08:20) Posted:

Tio halt still ok, tio suspend most likely gone case especially for penny stocks.
Either hold for months or years.
If by years, most likely will be delisting from sgx.

 
 
Heerbrugg
    14-Sep-2022 08:20  
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Tio halt still ok, tio suspend most likely gone case especially for penny stocks.
Either hold for months or years.
If by years, most likely will be delisting from sgx.
 

 
tongphlp
    14-Sep-2022 08:00  
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continue WATCHING...

happyharvest      ( Date: 13-Sep-2022 22:15) Posted:

if it takes months to conclude how ? haha

Justice888      ( Date: 13-Sep-2022 22:12) Posted:

Oh no . Wish for the best . Don?t worry . Will be fine once the investigation complet


 
 
happyharvest
    13-Sep-2022 22:15  
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if it takes months to conclude how ? haha

Justice888      ( Date: 13-Sep-2022 22:12) Posted:

Oh no . Wish for the best . Don?t worry . Will be fine once the investigation complete

luckyboy22      ( Date: 13-Sep-2022 21:54) Posted:

Got almost 900k in hand 


 
 
Justice888
    13-Sep-2022 22:12  
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Oh no . Wish for the best . Don?t worry . Will be fine once the investigation complete

luckyboy22      ( Date: 13-Sep-2022 21:54) Posted:

Got almost 900k in hand 

Justice888      ( Date: 13-Sep-2022 15:03) Posted:

U have now many on hand


 

 
luckyboy22
    13-Sep-2022 21:54  
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Got almost 900k in hand 

Justice888      ( Date: 13-Sep-2022 15:03) Posted:

U have now many on hand ?

luckyboy22      ( Date: 13-Sep-2022 14:15) Posted:

Maybe " someone" want to panic people like you and I and some other bigger investors
into selling. After that the " someone" had picked up all the cheap prices where kang cheong spiders
had dumped then hope for a suspension. When investigation is done and the company is found to in the clear
the share price will shoot up and then that " someone" will sell off all his/their shares at higher prices.
This is opinion only


 
 
Justice888
    13-Sep-2022 15:03  
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U have now many on hand ?

luckyboy22      ( Date: 13-Sep-2022 14:15) Posted:

Maybe " someone" want to panic people like you and I and some other bigger investors
into selling. After that the " someone" had picked up all the cheap prices where kang cheong spiders
had dumped then hope for a suspension. When investigation is done and the company is found to in the clear
the share price will shoot up and then that " someone" will sell off all his/their shares at higher prices.
This is opinion only.

easywin      ( Date: 13-Sep-2022 09:21) Posted:

But why still allowed to trade after company announced under investigation, instead should request suspension immediately


 
 
luckyboy22
    13-Sep-2022 14:15  
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Maybe " someone" want to panic people like you and I and some other bigger investors
into selling. After that the " someone" had picked up all the cheap prices where kang cheong spiders
had dumped then hope for a suspension. When investigation is done and the company is found to in the clear
the share price will shoot up and then that " someone" will sell off all his/their shares at higher prices.
This is opinion only.

easywin      ( Date: 13-Sep-2022 09:21) Posted:

But why still allowed to trade after company announced under investigation, instead should request suspension immediately.

luckyboy22      ( Date: 13-Sep-2022 09:16) Posted:

If the company is innocent then I think the suspension is a piece of good news. If the co
is found guilty then I think it is a gone case


 
 
tongphlp
    13-Sep-2022 10:26  
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double standards....wait....where' s the standard? what standard? 

easywin      ( Date: 13-Sep-2022 09:21) Posted:

But why still allowed to trade after company announced under investigation, instead should request suspension immediately.

luckyboy22      ( Date: 13-Sep-2022 09:16) Posted:

If the company is innocent then I think the suspension is a piece of good news. If the co
is found guilty then I think it is a gone case


 

 
easywin
    13-Sep-2022 09:21  
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But why still allowed to trade after company announced under investigation, instead should request suspension immediately.

luckyboy22      ( Date: 13-Sep-2022 09:16) Posted:

If the company is innocent then I think the suspension is a piece of good news. If the co
is found guilty then I think it is a gone case.

luckyboy22      ( Date: 13-Sep-2022 09:07) Posted:

Otherwise the prices will be subjected to manipulation eg: shorting et


 
 
luckyboy22
    13-Sep-2022 09:16  
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If the company is innocent then I think the suspension is a piece of good news. If the co
is found guilty then I think it is a gone case.

luckyboy22      ( Date: 13-Sep-2022 09:07) Posted:

Otherwise the prices will be subjected to manipulation eg: shorting etc

easywin      ( Date: 13-Sep-2022 08:57) Posted:

Under investigation why need to be suspended? 


 
 
luckyboy22
    13-Sep-2022 09:07  
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Otherwise the prices will be subjected to manipulation eg: shorting etc

easywin      ( Date: 13-Sep-2022 08:57) Posted:

Under investigation why need to be suspended? 

luckyboy22      ( Date: 13-Sep-2022 08:55) Posted:

It depends on how long the investigation will take. One positive note is that the company maintains
that all watches are not fake and obtained from authorized source. So if the investigation found that
the company is right then when trading starts the price will chiong


 
 
easywin
    13-Sep-2022 08:57  
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Under investigation why need to be suspended? 

luckyboy22      ( Date: 13-Sep-2022 08:55) Posted:

It depends on how long the investigation will take. One positive note is that the company maintains
that all watches are not fake and obtained from authorized source. So if the investigation found that
the company is right then when trading starts the price will chiong.

tuntun      ( Date: 13-Sep-2022 08:51) Posted:

So any ideal or periods of suspension? Any dead line ..if never back on sti how


 
 
luckyboy22
    13-Sep-2022 08:55  
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It depends on how long the investigation will take. One positive note is that the company maintains
that all watches are not fake and obtained from authorized source. So if the investigation found that
the company is right then when trading starts the price will chiong.

tuntun      ( Date: 13-Sep-2022 08:51) Posted:

So any ideal or periods of suspension? Any dead line ..if never back on sti how?

luckyboy22      ( Date: 13-Sep-2022 08:48) Posted:

The suspension is on a voluntary basis. In other words, the company itself requested for the suspension
until all investigations are completed. So not to worry just be patient and hope they will find nothing wrong
during the investigation


 

 
Slowturtle
    13-Sep-2022 08:54  
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Maybe suspended until HK investigation is completed.
Hopefully not selling fake watches.
 
 
 
tuntun
    13-Sep-2022 08:51  
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So any ideal or periods of suspension? Any dead line ..if never back on sti how?

luckyboy22      ( Date: 13-Sep-2022 08:48) Posted:

The suspension is on a voluntary basis. In other words, the company itself requested for the suspension
until all investigations are completed. So not to worry just be patient and hope they will find nothing wrong
during the investigation.

spursfan      ( Date: 13-Sep-2022 07:45) Posted:

Trading Suspension

https://links.sgx.com/1.0.0/corporate-announcements/NW2RJ7C8Q8ZDY9K7/731430_Watches.com-Ann-Trading_Suspension.pdf


 
 
Heerbrugg
    13-Sep-2022 08:51  
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Most likely gone case.
 
 
chiachiawee
    13-Sep-2022 08:51  
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Voluntary suspension. It?s ok, I?ve 200k shares only. Must know which good counters and problematic counter. Play big in good counter. For this kind play small. So if suspend no big deal just wait. Cheers.

chiachiawee      ( Date: 12-Sep-2022 20:33) Posted:

Suspend got chance to recover when they resume trading. If the company wants to delist, it needs to provide SGX an fair exit price to shareholders. Cheers.

tuntun      ( Date: 12-Sep-2022 20:16) Posted:

Anyone have any ideas if this counter delisted or suspend what happens to our investments


 
 
spursfan
    13-Sep-2022 08:50  
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Trading Suspension

 
The Board of Directors (the &ldquo Board&rdquo ) of Watches.com Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to:
 
a. the Company&rsquo s announcement dated 27 June 2022 in relation to the notice of compliance issued by the Singapore Exchange Regulation (" SGX RegCo&rdquo ) to the Company (&ldquo Notice of Compliance&rdquo )  

b. the Company&rsquo s announcement dated 25 July 2022 in relation to the appointment of joint independent reviewer to review all corporate actions and fund-raising exercises announced by both listed companies in the last 12 months, based on the approved scope of work by SGX RegCo (the &ldquo Independent Review&rdquo ) and 

c.the Company&rsquo s announcement dated 5 September 2022 in relation to the update relating to an investigation on a subsidiary (&ldquo Investigation&rdquo ). 

With respect to the Previous Announcement and the Notice of Compliance, the joint independent reviewer is currently conducting the review of all corporate actions and fund-raising exercises. While the Investigation is on-going, the Company maintains its firm position and strong belief that the watches seized are authentic, real and genuine and that the watches seized, though immaterial on the affairs of the Company, are purchased from authorised sources.
 
In anticipation of the Company having to monitor the progress of the Investigation and the finalisation of the Independent Review, the Board has recommended that the trading of the shares of the Company be suspended on a voluntary basis with immediate effect. The Company will keep Shareholders updated on all material information regarding the Investigation and Independent Review and the progress towards lifting the trading suspension.  Shareholders and potential investors of the Company are advised to read this announcement and further announcements by the Company carefully. 
 
Shareholders are advised to refrain from taking any action in respect of their securities in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the Company. In the event of any doubt, Shareholders should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.
 
 
By Order of the Board of Directors of
Watches.com Limited
 
Chay Yiowmin
Independent Non-Executive Director
 
13 September 2022
 

tuntun      ( Date: 13-Sep-2022 08:46) Posted:

So what now for those who invested in this counter? All the money burn?

 
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