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VENTURING INTO MEDICAL RELATED FIELD & AI TECH???

Terrible stock.., news out ..sold down...

what is so great abt this?

23.5 is the placement price

Current Low at 23

Now going for 24

I went in too early at 245, albeit some small positions.

Volume is still high. The game should continue for another few more sessions.

Once volume drops to Low, better make an exit regardless profit or loss. Don' t be the last person to carry the baby..

GG for those who invested before the annoucement. Now, need to hold for long!

Invest with care!

chiong ah

Time to load! Huat!!!

Today will resume Trading (Catalist) It was Halted at 0.32.

Will there be any Sell on News scenario?

Personally, while doing my own research, I will probably start buying a little for a start.

Managed to google the IWG. Seems legit.

The Group was founded in 2016 by a team that has managed national credit bureau projects in ASEAN and also worked on similar projects with World Bank and the Asian Development Bank. On 26th February 2017, IWG officially inked an International Strategic Partnership Framework Agreement with its Chongqing partners at a Signing Ceremony for Cooperation Projects witnessed by Singapore&rsquo s Minister Chan Chun Sing. The ceremony is part of the Chongqing Connectivity Initiative (CCI), which was launched in November 2015, is the third Singapore-China government-led project.

poundfooolish ( Date: 14-Aug-2020 08:15) Posted:

--- Post Removed by User ---

Every dog has its day
From the dire state of having to raise funds through cloud funding online to now so easily now get fundings from placees
Must thank the BB for doing such an excellent job to push the share price from 0.06 to where it is now
Kudos to the BB

Another PPE plant coming out from China? Wow, can' t remember how many such news in China liao.

Anymore room to run up?

I can' t seem to Google Ooway. From bits of information, it is a non listed company started in China 2019.

Any more info. Please share.

TIME TO CHIONG break 31 resistance?

ok, i sold. Thanks!

Joelton ( Date: 23-Jul-2020 09:45) Posted:

Kitchen Culture to get S$9.5m through new share placement

KITCHEN Culture on Wednesday announced a proposed placement involving 21 investors, which will give it about S$9.5 million in net proceeds, if shareholders approve.

The group has proposed a placement of 40.6 million new ordinary shares at S$0.235 per share. The price represents a discount of 9.62 per cent to the volume-weighted average price of S$0.26 for shares traded on July 17, when the shares were last traded prior to the placement being proposed.

Kitchen Culture said that 21 investors have agreed to subscribe for the shares. Of them, 15 are existing shareholders of the company the rest came through the group' s " business contacts and connections" .

But Kitchen Culture has said that each subscriber entered into the subscription agreement " purely for investment purposes" , and has " no intention" of influencing the management of or exercising control over the company, and is not acting in concert with any persons to obtain or consolidate control of the company.

To the best of its knowledge, Kitchen Culture added, none of the subscribers have any connection, including business relationships, with the company, its directors and substantial shareholders, save as disclosed.

Kitchen Culture, which is pursuing a new medical supplies business, said the proposed placement will strengthen its financial position and improve cash flow to meet anticipated general working-capital requirements and the repayment of amounts owing to external parties. It will also increase resources and working capital available to the group to pursue new business opportunities.

Assuming that the proposed placement is fully subscribed, Kitchen Culture will get net proceeds of S$9.5 million, after deducting expenses.

Post-deal, the group is expected to see net borrowings lowered to S$4.2 million, from S$6.2 million. Net gearing will decrease to 0.18, from 0.45.

In May, Kitchen Culture entered into a convertible loan agreement with various investors, where investors agreed to grant an interest-bearing convertible loan of S$6.1 million. In exchange, the company agreed to allot and issue up to nearly 47 million new shares at theconversion price of S$0.149 per new share, should the investors exercise their respective conversion rights.