Ntegrator Hldg   

Official forum for Watch. Com

What trickery is he up to now leh?

 

Hey,
The main guy is out now. Who is running the show in the company?
Anyone can predict what is next?


 

 

I guess soon release from suspension

luckyboy22      ( Date: 06-Dec-2023 14:19) Posted: So what is going to happen to our shares? Joelton      ( Date: 11-Nov-2023 10:26) Posted: SGX RegCo identifies board oversight lapses at Incredible Holdings, Ntegrator Holdings TRANSACTIONS made by Incredible Holdings and Ntegrator Holdings, formerly known as Watches.com, were found to be prejudicial to the interests of the companies and their respective minority shareholders.   Independent reviewer Provenance Capital had been appointed to review all corporate actions and fundraising by both companies over a 12-month period under notices of compliance issued in June last year. In a bourse filing on Friday (Nov 10), Singapore Exchange Regulation (SGX RegCo) released Provenance&rsquo s findings.   The transactions, which took place between October and December 2021, involved joint investments by both companies into the same businesses and the cross-issuance of perpetual securities with free warrants by the companies to each other.   Provenance found that the companies paid significant consideration for the acquisitions of most of the target companies. These companies had relatively weak financials, or the consideration paid was not supported by the opinion of independent financial advisers (IFAs) and independent valuations of the target companies.   In the case of both companies&rsquo acquisitions of Golden Ultra and Gadmobe Group, Provenance found that certain important terms relating to the acquisitions were not made known to valuers.   These include the reduction of the target companies&rsquo net tangible assets to zero or negative through the distribution of substantial amounts of dividends, which could have led to overstated valuations of these target companies.   In addition, the companies issued promissory notes amounting to at least S$48.3 million in aggregate to fund most of these acquisitions, which they aimed to pay for through fundraising exercises.   &ldquo The terms of the proposed fundraising exercises were not in the interest of the companies and their minority shareholders, and/or would potentially result in significant dilution of minority shareholders&rsquo interest,&rdquo SGX RegCo said.   Both companies also claimed that their acquisitions of target companies such as Billion Credit Financial Company, Golden Ultra and Gadmobe Group had no impact on their net tangible assets.   However, the disclosures were misleading and erroneous as the considerations paid for the acquisitions were significantly above their respective attributable net tangible assets and the considerations paid for via promissory notes.   This would have resulted in significant goodwill or intangible assets which would materially reduce the net tangible assets of the companies post-acquisition.   Furthermore, Provenance found that there was generally weak or no evidence to show that directors had put in sufficient robust deliberations and due diligence to evaluate the terms of the transactions before putting them before shareholders to approve.   Despite the IFA suggesting that the transactions were not on normal commercial terms and may be prejudicial to shareholders&rsquo interests, the directors of both companies supported the relevant transactions and recommended that shareholders vote in favour of them.   Provenance also highlighted that in the acquisition of Billion Credit and Golden Ultra, IFA W Capital issued ambiguous IFA opinions, which pointed to the need for clear opinions.   SGX RegCo said that the findings raise &ldquo serious concerns&rdquo on the adequacy and effectiveness of both companies&rsquo internal controls.   The regulator added that it requires the audit committees of both companies to commission reviews on their respective group&rsquo s internal controls and implement enhancements recommended by the independent internal control reviewer (IA reviewer).   &ldquo As directed by the notices of compliance, both companies shall not proceed with any of the transactions nor propose any further corporate action prior to satisfactory resolution of findings raised by Provenance as well as the IA reviewer,&rdquo it said.   The regulator will also look into potential listing rule breaches highlighted by Provenance, and refer potential contraventions of the Companies Act and Securities and Futures Act to the authorities.   It also reminded directors to properly discharge their fiduciary duties and act in the best interests of the company and shareholders, failing which they would contravene section 157 of the Companies Act.   &ldquo SGX RegCo also expects IFA opinions to contain a clear and unequivocal conclusion supported by reasonable factors and bases,&rdquo it said.   Shares of both Incredible Holdings and Ntegrator Holdings remain suspended.

 

That Christian guy had chosen the WRONG playground. He fell from the swing and slide.

 

So what is going to happen to our shares?

Joelton      ( Date: 11-Nov-2023 10:26) Posted: SGX RegCo identifies board oversight lapses at Incredible Holdings, Ntegrator Holdings TRANSACTIONS made by Incredible Holdings and Ntegrator Holdings, formerly known as Watches.com, were found to be prejudicial to the interests of the companies and their respective minority shareholders.   Independent reviewer Provenance Capital had been appointed to review all corporate actions and fundraising by both companies over a 12-month period under notices of compliance issued in June last year. In a bourse filing on Friday (Nov 10), Singapore Exchange Regulation (SGX RegCo) released Provenance&rsquo s findings.   The transactions, which took place between October and December 2021, involved joint investments by both companies into the same businesses and the cross-issuance of perpetual securities with free warrants by the companies to each other.   Provenance found that the companies paid significant consideration for the acquisitions of most of the target companies. These companies had relatively weak financials, or the consideration paid was not supported by the opinion of independent financial advisers (IFAs) and independent valuations of the target companies.   In the case of both companies&rsquo acquisitions of Golden Ultra and Gadmobe Group, Provenance found that certain important terms relating to the acquisitions were not made known to valuers.   These include the reduction of the target companies&rsquo net tangible assets to zero or negative through the distribution of substantial amounts of dividends, which could have led to overstated valuations of these target companies.   In addition, the companies issued promissory notes amounting to at least S$48.3 million in aggregate to fund most of these acquisitions, which they aimed to pay for through fundraising exercises.   &ldquo The terms of the proposed fundraising exercises were not in the interest of the companies and their minority shareholders, and/or would potentially result in significant dilution of minority shareholders&rsquo interest,&rdquo SGX RegCo said.   Both companies also claimed that their acquisitions of target companies such as Billion Credit Financial Company, Golden Ultra and Gadmobe Group had no impact on their net tangible assets.   However, the disclosures were misleading and erroneous as the considerations paid for the acquisitions were significantly above their respective attributable net tangible assets and the considerations paid for via promissory notes.   This would have resulted in significant goodwill or intangible assets which would materially reduce the net tangible assets of the companies post-acquisition.   Furthermore, Provenance found that there was generally weak or no evidence to show that directors had put in sufficient robust deliberations and due diligence to evaluate the terms of the transactions before putting them before shareholders to approve.   Despite the IFA suggesting that the transactions were not on normal commercial terms and may be prejudicial to shareholders&rsquo interests, the directors of both companies supported the relevant transactions and recommended that shareholders vote in favour of them.   Provenance also highlighted that in the acquisition of Billion Credit and Golden Ultra, IFA W Capital issued ambiguous IFA opinions, which pointed to the need for clear opinions.   SGX RegCo said that the findings raise &ldquo serious concerns&rdquo on the adequacy and effectiveness of both companies&rsquo internal controls.   The regulator added that it requires the audit committees of both companies to commission reviews on their respective group&rsquo s internal controls and implement enhancements recommended by the independent internal control reviewer (IA reviewer).   &ldquo As directed by the notices of compliance, both companies shall not proceed with any of the transactions nor propose any further corporate action prior to satisfactory resolution of findings raised by Provenance as well as the IA reviewer,&rdquo it said.   The regulator will also look into potential listing rule breaches highlighted by Provenance, and refer potential contraventions of the Companies Act and Securities and Futures Act to the authorities.   It also reminded directors to properly discharge their fiduciary duties and act in the best interests of the company and shareholders, failing which they would contravene section 157 of the Companies Act.   &ldquo SGX RegCo also expects IFA opinions to contain a clear and unequivocal conclusion supported by reasonable factors and bases,&rdquo it said.   Shares of both Incredible Holdings and Ntegrator Holdings remain suspended.

 

 

Annoucement soon?

Johnsnow      ( Date: 18-Oct-2023 08:29) Posted: Wait for announcement

 

Wait for announcement

 

When will it be trading again?

 

NOW THE BIG PROBLEM WITH SGX  PENNIES IS SUSPENSION , NO LIFTING

BHumble      ( Date: 10-Oct-2023 08:44) Posted: Been quite some time now..... Still slleeping?

 

Been quite some time now..... Still slleeping?

 

What to do struck 400 lots here, the problem cannot trade hands itchy

 

Rooks rike many investors dieded here liao. Soon the Executive Director will make his move.

 

Can the old management team kick out the current management?  Better the known evil than the unknown.  At least I am heypi they changed back the name to Ntegrator.  Brainless move to change to the watches.com name.   

 

Something finally positive from this company. If only they can stick to their telecom business.

The Board of Directors (the &ldquo Board&rdquo ) of Ntegrator Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the Company&rsquo s announcement dated 5 September 2022 and 4 October 2022 (&ldquo Previous Announcement&rdquo ). Unless otherwise defined, capitalised terms used herein shall have the same meanings as ascribed to them in the Previous Announcement. The Board wishes to announce that CTL&rsquo s legal advisors had received a confirmation from Hong Kong Customs and Excise Department (&ldquo C& E&rdquo ) that after due consideration of the evidence at hand, C& E had decided not to proceed with the prosecution of CTL, Mr Heilesen and the sales staff. C& E had further confirmed that the investigation was concluded and case ended

 

Ya lor I still got 400.lots on hand

 

It has been more than a month since name changed and still suspended, anyone knows what' s happening?

tuntun      ( Date: 20-Feb-2023 14:29) Posted: Good news guys after changing name . second step to release the suspension..I guess mostly will rise after release susp👍

 

Good news guys after changing name . second step to release the suspension..I guess mostly will rise after release susp👍

 

 

They change teh company name ? it is first step to correct way