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Landmark Holdings bought 15% stake through open market purchase . So 2 PRC businessmen now control 30% plus shares of the company. Very clever .. our SGX can?t force them to declare it?s a RTO of the company. We?re really suckers.
Fierce. 37.049 mil gobbled up at $0.009 and 8.951 mil at $0.008
SmallSmall ( Date: 30-Mar-2023 13:01) Posted:
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46 mil shares gobbled up
Volume picking up
China chaps
Be careful
Trade w care
SGX many examples already
Be careful
Trade w care
SGX many examples already
Arion should move by now with new owner sentiments positive outlook.
Arion Entertainment&rsquo s YYB 0.00% executive director, Ng Kai Man, has sold his entire stake amounting to 20.75% of the total shares in the company to Dong Ling Electrical Group via a share purchase agreement (SPA) on March 21.
The stake, representing 193.8 million shares, was sold for a consideration of $2.9 million.
Under the SPA, Ng and, or Dong Ling will &ldquo provide the necessary financial assistance&rdquo to Arion for its working capital needs.
Should Arion be thinking of disposing its existing subsidiaries, Ng will try to procure potential third-party purchasers.
Under the terms of the SPA, Dong Ling Electrical Group will nominate a person to Arion&rsquo s board with effect from the completion date of the proposed sale.
In its filing, Arion added that the sale is unrelated to any events such as the liquidation, bankruptcy or insolvency of the company, the appointment of any assignee, receiver or liquidator for substantially all or part of the assets or business of the company or SGX-ST removing it from its Catalist board.
Following the completion of the sale, Ng will no longer have a stake in Arion while Dong Ling will become its single largest controlling shareholder. However, Ng will remain as Arion&rsquo s executive director upon the completion of the sale.
Dong Ling Electrical, which was incorporated in Hong Kong, is an investment holding company and is 100%-owned by Hong Kong-incorporated Ever Sino Industrial Ltd. Ever Sino Industrial is, in turn, 100% owned by China-incorporated Guangdong Donlim Kitchen Group Co. Ltd.
The shareholders in Guangdong Donlim Kitchen Group are Chinese citizens and family members Guo Jiangang, Guo Jianqiang and Guo Zhizhao who hold stakes of 60%, 30% and 10% respectively. The individuals are accordingly also the ultimate beneficial owners of Dong Ling Electrical.
----> > >
For info, the Guo family owns listed Guangdong Xinbao Electrical Appliances which is a A Share company on Shenzhen Stock Exchange with a market cap of 13.9 bil CNY
The stake, representing 193.8 million shares, was sold for a consideration of $2.9 million.
Under the SPA, Ng and, or Dong Ling will &ldquo provide the necessary financial assistance&rdquo to Arion for its working capital needs.
Should Arion be thinking of disposing its existing subsidiaries, Ng will try to procure potential third-party purchasers.
Under the terms of the SPA, Dong Ling Electrical Group will nominate a person to Arion&rsquo s board with effect from the completion date of the proposed sale.
In its filing, Arion added that the sale is unrelated to any events such as the liquidation, bankruptcy or insolvency of the company, the appointment of any assignee, receiver or liquidator for substantially all or part of the assets or business of the company or SGX-ST removing it from its Catalist board.
Following the completion of the sale, Ng will no longer have a stake in Arion while Dong Ling will become its single largest controlling shareholder. However, Ng will remain as Arion&rsquo s executive director upon the completion of the sale.
Dong Ling Electrical, which was incorporated in Hong Kong, is an investment holding company and is 100%-owned by Hong Kong-incorporated Ever Sino Industrial Ltd. Ever Sino Industrial is, in turn, 100% owned by China-incorporated Guangdong Donlim Kitchen Group Co. Ltd.
The shareholders in Guangdong Donlim Kitchen Group are Chinese citizens and family members Guo Jiangang, Guo Jianqiang and Guo Zhizhao who hold stakes of 60%, 30% and 10% respectively. The individuals are accordingly also the ultimate beneficial owners of Dong Ling Electrical.
----> > >
For info, the Guo family owns listed Guangdong Xinbao Electrical Appliances which is a A Share company on Shenzhen Stock Exchange with a market cap of 13.9 bil CNY
SmallSmall ( Date: 22-Mar-2023 09:13) Posted:
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INTRODUCTION
The board of directors (the " Board" or the &ldquo Directors&rdquo ) of Arion Entertainment Singapore Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to inform shareholders of the Company (&ldquo Shareholders&rdquo ) that it has been notified by Mr Ng Kai Man (Executive Director of the Company) (the &ldquo Vendor&rdquo ) that he had on 21 March 2023 entered into a share purchase agreement (&ldquo SPA&rdquo ) with Dong Ling Electrical Group Co Ltd (the &ldquo Purchaser&rdquo ) for the sale of his shareholding interests of 193,799,000 ordinary shares (the &ldquo Sale Shares&rdquo ) in the share capital of the Company, representing approximately 20.75% of the entire issued and paid-up capital of the Company, to the Purchaser for a consideration of S$2,894,947 (the &ldquo Proposed Sale&rdquo ). The Sale Shares represent the entire shareholding interests of the Vendor in the Company as at the date of this announcement.
---> That is $0.014838 per share.
Interesting profile of buyer
The board of directors (the " Board" or the &ldquo Directors&rdquo ) of Arion Entertainment Singapore Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to inform shareholders of the Company (&ldquo Shareholders&rdquo ) that it has been notified by Mr Ng Kai Man (Executive Director of the Company) (the &ldquo Vendor&rdquo ) that he had on 21 March 2023 entered into a share purchase agreement (&ldquo SPA&rdquo ) with Dong Ling Electrical Group Co Ltd (the &ldquo Purchaser&rdquo ) for the sale of his shareholding interests of 193,799,000 ordinary shares (the &ldquo Sale Shares&rdquo ) in the share capital of the Company, representing approximately 20.75% of the entire issued and paid-up capital of the Company, to the Purchaser for a consideration of S$2,894,947 (the &ldquo Proposed Sale&rdquo ). The Sale Shares represent the entire shareholding interests of the Vendor in the Company as at the date of this announcement.
---> That is $0.014838 per share.
Interesting profile of buyer
Guo Jiangang
$1B
2022 Billionaires Net Worth
as of 4/4/22
About Guo Jiangang
- Guo Jiangang chairs Guangdong Xinbao Electrical Appliances Holdings, a producer of kitchen appliances.
- Xinbao holds rights for the Morphy Richards appliance brand in China and has found success through social media.
- Xinbao also sells its own Donlim brand.
Bad news.Keep averaging.11,9,and 6.Stuck in freezer Hopefully can unload soon.
this one also look like moving soon add some earlier at 7
if you look at the sudden surge of penny stock recently.... do they have news? haha. time to do some thinking
eric998 ( Date: 26-Aug-2022 10:02) Posted:
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got good news or FA? if not we short.. HUAT..
MakeChanges ( Date: 26-Aug-2022 09:59) Posted:
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Will this be the next penny to rise?
this company feel more like a scam w dropping share prices .
arion had placement at 6...so the gang transferred it to ntegrator at 11.7...for 3mio..
now ntegrator baby sitting for instant loss of 50% of the investment within 1 week..
in the meantime, the gang head disposed of his arion shares in the open mkt..
really scum n scam..?
now ntegrator baby sitting for instant loss of 50% of the investment within 1 week..
in the meantime, the gang head disposed of his arion shares in the open mkt..
really scum n scam..?
Getting lower and lower
dun say uncle din warn u hor..
tankoksee ( Date: 14-Apr-2022 16:09) Posted:
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this group are old hand scammers..........
superstartup ( Date: 14-Apr-2022 09:37) Posted:
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run road..
MakeChanges ( Date: 14-Apr-2022 09:18) Posted:
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Follow Incredible and Ntegrator, going to make many acquisition of newly incorporated companies with low asset values, but at very high valuation?
Follow their share price performance too?
Follow their share price performance too?