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The trading range of nil rights should be 001/002🫢 🫢
SmallSmall ( Date: 29-May-2025 12:37) Posted:
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The rights is done through private placement?
SmallSmall ( Date: 29-May-2025 12:37) Posted:
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Commencement of trading of &ldquo nil-paid&rdquo rights : 30 May 2025 at 9.00 a.m.
Last date and time for splitting Rights Shares : 9 June 2025 at 5.00 p.m.
Last date and time for splitting Rights Shares : 9 June 2025 at 5.00 p.m.
SmallSmall ( Date: 29-May-2025 09:18) Posted:
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Any chance this Rights exercise will end up like GSS Energy? Where the share price never rise at all, but just drop towards Rights price and below from the day of Rights Issue announcement ...
Could have some downward pressure as the rights starts to trade.
Buy on weakness towards $0.01
Buy on weakness towards $0.01
R priced at 0.01...They might prop this up to make take up looks attractive
Added more...total 1 mil share
makdatok ( Date: 28-May-2025 10:00) Posted:
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Same same for all these rigths issue. Right issue price low low and then offer to take up excess by the undertaking shareholder which is Baker Tech in this case. The company actually has a NAV of $0.0792
IRREVOCABLE UNDERTAKING 5.1. As at the date of this announcement, the Undertaking Shareholder, a controlling Shareholder of the Company, holds directly 387,535,300 Shares, representing approximately 54.98% of the Company&rsquo s existing issued and paid-up share capital. To demonstrate its support for the Proposed Rights Issue and its commitment to and confidence in the Company, the Undertaking Shareholder had provided an irrevocable undertaking (the &ldquo Irrevocable Undertaking&rdquo ) to the Company and has undertaken to: (a) vote and/or procure the voting in favour of the Proposed Rights Issue at the EGM (b) participate in the Proposed Rights Issue by subscribing and paying for (and/or procure the subscription and payment for) (i) its pro rata entitlement of 775,070,600 Rights Shares pursuant to the Proposed Rights Issue for the subscription amount of S$7.75 million, and (ii) up to 211,467,754 Rights Shares in excess of its provisional allotments (&ldquo Undertaken Excess Rights Shares&rdquo ) (approximately an additional 15.00% of Rights Shares in excess of its provisional allotments) under the Proposed Rights Issue which are not taken up by the other Entitled Shareholders (subject to availability), on the basis that it will rank last in
IRREVOCABLE UNDERTAKING 5.1. As at the date of this announcement, the Undertaking Shareholder, a controlling Shareholder of the Company, holds directly 387,535,300 Shares, representing approximately 54.98% of the Company&rsquo s existing issued and paid-up share capital. To demonstrate its support for the Proposed Rights Issue and its commitment to and confidence in the Company, the Undertaking Shareholder had provided an irrevocable undertaking (the &ldquo Irrevocable Undertaking&rdquo ) to the Company and has undertaken to: (a) vote and/or procure the voting in favour of the Proposed Rights Issue at the EGM (b) participate in the Proposed Rights Issue by subscribing and paying for (and/or procure the subscription and payment for) (i) its pro rata entitlement of 775,070,600 Rights Shares pursuant to the Proposed Rights Issue for the subscription amount of S$7.75 million, and (ii) up to 211,467,754 Rights Shares in excess of its provisional allotments (&ldquo Undertaken Excess Rights Shares&rdquo ) (approximately an additional 15.00% of Rights Shares in excess of its provisional allotments) under the Proposed Rights Issue which are not taken up by the other Entitled Shareholders (subject to availability), on the basis that it will rank last in
Dato is bbsck
Alot kaki standby
Ah Chan also 21-22 alset
Good signs
Collected at 14 also.
for past winning records can refer to others.
for past winning records can refer to others.
Load at 14
Waiting for rights issue..
That's why price went down.
Deep discount for rights shate
guiren ( Date: 15-May-2025 15:18) Posted:
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Delist ??
bernardc ( Date: 15-May-2025 14:42) Posted:
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Rights issues coming
guiren ( Date: 15-May-2025 14:30) Posted:
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What happen now ??
Jamie8888 ( Date: 03-Jul-2023 18:16) Posted:
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Price risen 15% to 0.092
CH Offshore loses appeal against arbitration award
CH Offshore on Thursday said it has lost an appeal against a first final arbitration award granted to three shipbrokers.
The shipbrokers - Internaves Consorcio Naviero, Martima Altair Petromar and Lamat Offshore Marine - in 2016 brought arbitration proceedings against the mainboard-listed vessel chartering firm for unpaid brokers' commissions and damages amounting to about US$3.7 million.
The arbitration award was granted after an arbitration tribunal held a 2:1 decision in favour of the shipbrokers, and dismissed CH Offshore' s counterclaims on Aug 23, 2019.
CH Offshore said then that the final amount due to the shipbrokers would be determined following the service of further submissions to the tribunal.
The company subsequently appealed against the arbitration award.
Following a hearing on June 16, 2020, the court issued an official judgment on July 1 ruling in favour of the shipbrokers and dismissing the appeal.
CH Offshore on Thursday said it had filed for leave to further appeal this decision.
It added, however, that there was no assurance that it would be granted leave to file the further appeal, or - even if the further appeal was allowed - that such further appeal would be determined in its favour.
CH Offshore is a subsidiary of mainboard-listed oilfield services provider Baker Technology.
Both Baker Technology and CH Offshore said they had, in their annual reports for 2019, stated a provision for a brokers' commission in respect of the award made for the financial year ended Dec 31, 2019.
As the precise amount due to the shipbrokers remains to be determined, both companies are currently not in a position to assess if there may be any further material financial impact for the current financial year, they said.
Received the offer envelope at $0.13 per share. I think I will accept this offer. Save on broker commissison
PT bought this company for 100mill cash which was realised and now he has no interest in running this. clean profit.
Baker Technology moves to take over CH Offshore https://splash247.com/baker-technology-moves-to-take-over-ch-offshore/