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Biolidics raising $1.5 million by issuing new shares to investor from China
Biolidics is raising $1.5 million by issuing new shares to one Zhu Hua, to help pay an existing debt which is due soon.
In an SGX announcement on Oct 3, Biolidics 8YY 0.00% says it is issuing 230.8 million shares to Zhu at 0.65 cents each.
Upon completion of the deal, Zhu will own 29.22% of the company, just shy of the 30% trigger mark where mandatory general offers are required.
The price Zhu is paying is at a 50% discount off Biolidic' s closing price of 1.3 cents on Oct 3.
According to Biolidics, Zhu is the managing director of Beijing Zhenghe Antai Investment Management, with around two decades of experience in investments.
Biolidics says that it owes Clearbridge BSA just over $2.1 million and the money is due by Nov 25.
See also: Tycoons Oei and Goi back mm2 Asia' s 1-for-2 rights issue
The money from Zhu will help go towards repaying that debt.
In addition, Zhu, according to the company, intends to undertake a " strategic review" of Biolidic' s existing business and recommend new businesses, where appropriate.
Time will tell whether it will cometo 12
Who is same like me,subscribe the right issue,buy price 0.025,the money pump in only for operation cash flow?share price is drop more than half
4.3 million shares queue to buy at 12?
ThroneKingdom ( Date: 27-Sep-2023 09:27) Posted:
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coming to 12
So many joker counter in sgx. Invest in like throw your money into sea,lol
easywin ( Date: 26-Jul-2023:09) Posted:
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You are right follow ssh cannot be wrong if follow analysits maybe,
noobnub ( Date: 26-Jul-2023 10:27) Posted:
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now i slowly slowly load 16 same price as ssh hahaha
SmallSmall ( Date: 21-Jul-2023 15:33) Posted:
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Clearbridge has sold off all its stake in biolidics:
https://www.biolidics.com/newsroom/_CBH-eFORM3V2_Disposal-21Jul23-Final.pdf
https://www.biolidics.com/newsroom/_CBH-eFORM3V2_Disposal-21Jul23-Final.pdf
Who is this Wong Kong Leong who bought the 10% from Clearbridge @ $0.016
ok good luck i am at your other stock 74
SmallSmall ( Date: 21-Jul-2023 15:38) Posted:
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Will hit $0.02 later
noobnub ( Date: 21-Jul-2023 15:35) Posted:
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you bought 17?
SmallSmall ( Date: 21-Jul-2023 15:33) Posted:
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No should haves or should not haves, can make $ is enough. Everything else are just all guessing
noobnub ( Date: 21-Jul-2023 15:23) Posted:
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should have more come out 17 haha
SmallSmall ( Date: 21-Jul-2023 15:22) Posted:
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Last call before $0.017 is cleared
Recent days, have married trade at higher prices for a few micro-cap counters
Just wondering if these are left hand to right hand married trades, to push up price for unloading
Just commenting
Trade w care
And Huat Ah to Bros in this SJ forum
Just wondering if these are left hand to right hand married trades, to push up price for unloading
Just commenting
Trade w care
And Huat Ah to Bros in this SJ forum
the usual stack here and there end up nothing much done haha
haha too late in the day if morning i dare the most fast hand fast leg cover back same price or lose 1 pip
SmallSmall ( Date: 21-Jul-2023 14:48) Posted:
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If close 20 will be positive.
SmallSmall ( Date: 21-Jul-2023 14:41) Posted:
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