Ezion is restructuring its marine supply base business by injecting it into Ocean Sky International (OSI SP, Not Rated). Ezion will acquire 45% of OSI through the issuance of 20.2m new shares (2.1% of enlarged share capital) at an issue priceof S$2.351 (VWAP for 24 Sep 2013). Listed on the Main Board, OSI is essentially a shell company, having recently disposed of its civil engineering, construction and property investment. The acquisition is conditional on OSI having a minimum NTA of US$30m.
𝐔𝐧𝐛𝐞𝐥𝐢𝐞𝐯𝐚𝐛𝐥𝐞 𝐂𝐨𝐦𝐞𝐛𝐚𝐜𝐤: 𝟑 𝐒𝐆 𝐆𝐥𝐨𝐯𝐞 𝐒𝐭𝐨𝐜𝐤𝐬
𝐭𝐨 𝐖𝐚𝐭𝐜𝐡 | 𝐏𝐫𝐢𝐜𝐞 𝐓𝐚𝐫𝐠𝐞𝐭 𝐑𝐞𝐯𝐢𝐬𝐞𝐝!
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Over the past week, we have seen immense buying pressure in some of the
glove makers listed on the SGX.
Most have sold off heavily after Covid 19...
1 day ago
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