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Break 40 later. Watch it
OS 312m
Cash on Hand (Jun 2022) S$8.5m
Company making a loss though
Cash on Hand (Jun 2022) S$8.5m
Company making a loss though
Everyday ( Date: 21-Aug-2022 17:06) Posted:
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Up or down from here?
Matex received S$7.2m on Aug 17th. Balance later
MATEX INTERNATIONAL LIMITED
(Company Registration No. 198904222M)
(Incorporated in Singapore)
(the &ldquo Company&rdquo )
UPDATE ON PROPOSED DISPOSAL OF AMLY CHEMICALS CO., LTD.
1. INTRODUCTION
The Board of Directors (the &ldquo Board&rdquo ) of Matex International Limited (the &ldquo Company&rdquo ) refers to
(a) the Company&rsquo s announcements dated 26 August 2021 and 23 February 2022 and (b) the
circular to shareholders of the Company (&ldquo Shareholders&rdquo ) dated 7 April 2022, in relation to the
proposed disposal (the &ldquo Proposed Disposal&rdquo ) by the Company of 100% of the registered share
capital in Amly Chemicals Co., Ltd. (安 力 化 学 (泰 兴 )有 限 公 司 ) to the purchaser, Taixing Jinfu
Chemistry Co., Ltd, (泰 兴 錦 富 化 学 有 限 公 司 ) (the &ldquo Purchaser&rdquo ) for a cash consideration of
RMB50,000,000 pursuant to a sale and purchase agreement entered into between the Company
and the Purchaser on 23 February 2022 (the &ldquo SPA&rdquo ).
The Proposed Disposal was approved by Shareholders at the Extraordinary General Meeting of
the Company held on 29 April 2022.
2. FIRST PAYMENT RECEIVED ON THE PROPOSED DISPOSAL
The Board is pleased to announce that the Company has received the first payment of
approximately RMB34 million (SGD7.2 million) on 17 August 2022 and the Purchaser is preparing
the balance payments in accordance with the terms and conditions of the SPA.
3. FURTHER ANNOUNCEMENTS
The Company will make further announcements as and when appropriate or when there are
material developments on the same, including information required under the Catalist Rules.
4. DIRECTORS' RESPONSIBILITY STATEMENT
The Directors collectively and individually accept full responsibility for the accuracy of the
information given in this announcement and confirm after making all reasonable enquiries, that
to the best of their knowledge and belief, this announcement constitutes full and true disclosure
of all material facts about the Proposed Disposal, the Company and its subsidiaries, and the
Directors are not aware of any facts the omission of which would make any statement in this
announcement misleading. Where information in this announcement has been extracted from
published or otherwise publicly available sources or obtained from a named source, the sole
responsibility of the Directors has been to ensure that such information has been accurately and
correctly extracted from those sources and/or reproduced in this announcement in its proper form
and context.
5. CAUTION IN TRADING
Shareholders and potential investors are advised to exercise caution in trading their shares in
the Company as there is no certainty or assurance as at the date of this announcement that the
2
Proposed Disposal will be completed. In the event that shareholders and potential investors are
in doubt when dealing in the shares of the Company, they should consult their stockbrokers, bank
managers, solicitors, accountants or other professional advisers.
BY ORDER OF THE BOARD
Dr Tan Pang Kee
Chief Executive Officer / Managing Director
19 August 2022
This announcement has been reviewed by the Company&rsquo s sponsor, Provenance Capital Pte. Ltd. (the &ldquo Sponsor&rdquo ),
for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. It has not been examined or approved
by the Singapore Exchange Securities Trading Limited (the &ldquo Exchange&rdquo ) and the Exchange assumes no
responsibility for the contents of this document, including the correctness of any of the statements or opinions made
or reports contained in this document.
The contact person for the Sponsor is Ms. Wong Bee Eng, Chief Executive Officer, at 96 Robinson Road, #13-01,
SIF Building, Singapore 068899, Telephone: (65) 6227 5810, Email: [email protected] .
MATEX INTERNATIONAL LIMITED
(Company Registration No. 198904222M)
(Incorporated in Singapore)
(the &ldquo Company&rdquo )
UPDATE ON PROPOSED DISPOSAL OF AMLY CHEMICALS CO., LTD.
1. INTRODUCTION
The Board of Directors (the &ldquo Board&rdquo ) of Matex International Limited (the &ldquo Company&rdquo ) refers to
(a) the Company&rsquo s announcements dated 26 August 2021 and 23 February 2022 and (b) the
circular to shareholders of the Company (&ldquo Shareholders&rdquo ) dated 7 April 2022, in relation to the
proposed disposal (the &ldquo Proposed Disposal&rdquo ) by the Company of 100% of the registered share
capital in Amly Chemicals Co., Ltd. (安 力 化 学 (泰 兴 )有 限 公 司 ) to the purchaser, Taixing Jinfu
Chemistry Co., Ltd, (泰 兴 錦 富 化 学 有 限 公 司 ) (the &ldquo Purchaser&rdquo ) for a cash consideration of
RMB50,000,000 pursuant to a sale and purchase agreement entered into between the Company
and the Purchaser on 23 February 2022 (the &ldquo SPA&rdquo ).
The Proposed Disposal was approved by Shareholders at the Extraordinary General Meeting of
the Company held on 29 April 2022.
2. FIRST PAYMENT RECEIVED ON THE PROPOSED DISPOSAL
The Board is pleased to announce that the Company has received the first payment of
approximately RMB34 million (SGD7.2 million) on 17 August 2022 and the Purchaser is preparing
the balance payments in accordance with the terms and conditions of the SPA.
3. FURTHER ANNOUNCEMENTS
The Company will make further announcements as and when appropriate or when there are
material developments on the same, including information required under the Catalist Rules.
4. DIRECTORS' RESPONSIBILITY STATEMENT
The Directors collectively and individually accept full responsibility for the accuracy of the
information given in this announcement and confirm after making all reasonable enquiries, that
to the best of their knowledge and belief, this announcement constitutes full and true disclosure
of all material facts about the Proposed Disposal, the Company and its subsidiaries, and the
Directors are not aware of any facts the omission of which would make any statement in this
announcement misleading. Where information in this announcement has been extracted from
published or otherwise publicly available sources or obtained from a named source, the sole
responsibility of the Directors has been to ensure that such information has been accurately and
correctly extracted from those sources and/or reproduced in this announcement in its proper form
and context.
5. CAUTION IN TRADING
Shareholders and potential investors are advised to exercise caution in trading their shares in
the Company as there is no certainty or assurance as at the date of this announcement that the
2
Proposed Disposal will be completed. In the event that shareholders and potential investors are
in doubt when dealing in the shares of the Company, they should consult their stockbrokers, bank
managers, solicitors, accountants or other professional advisers.
BY ORDER OF THE BOARD
Dr Tan Pang Kee
Chief Executive Officer / Managing Director
19 August 2022
This announcement has been reviewed by the Company&rsquo s sponsor, Provenance Capital Pte. Ltd. (the &ldquo Sponsor&rdquo ),
for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. It has not been examined or approved
by the Singapore Exchange Securities Trading Limited (the &ldquo Exchange&rdquo ) and the Exchange assumes no
responsibility for the contents of this document, including the correctness of any of the statements or opinions made
or reports contained in this document.
The contact person for the Sponsor is Ms. Wong Bee Eng, Chief Executive Officer, at 96 Robinson Road, #13-01,
SIF Building, Singapore 068899, Telephone: (65) 6227 5810, Email: [email protected] .
Mon chiong?
WTF..........
short ah
tankoksee ( Date: 29-Jun-2022 13:37) Posted:
|
BB hoot ah
tankoksee ( Date: 29-Jun-2022 11:53) Posted:
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33/34 otw.........
tofudidi ( Date: 29-Jun-2022 11:21) Posted:
|
wtf!
tankoksee ( Date: 29-Jun-2022 11:16) Posted:
|
after lunch rocket?
buy zone...........wtf
tofudidi ( Date: 20-May-2022 10:14) Posted:
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no fear.. 40 otot coming. dyodd. strong buy
tankoksee ( Date: 20-May-2022 10:12) Posted:
|
careful....this fella..likely pump n dump operation...
stay clear unless 25/26 level
can enter...
stay clear unless 25/26 level
can enter...
tofudidi ( Date: 20-May-2022 10:09) Posted:
|
next gem to be play up by bb.. stay tune!
new play upcoming?
tankoksee ( Date: 29-Apr-2022 11:33) Posted:
|
the next acesian?
when?
moving to 35/36.. loading..
Trading resume