Ying Li International Real Estate - DETAILS OF THE SHARE SUBSCRIPTION

Issue Price

The issue price of S$0.260 (the "Issue Price") of each of the Subscription Shares represents a discount of approximately 10.0% to the volume weighted average price (the "VWAP") of S$0.2888 for trades done on the ordinary shares of the Company (the "Shares") on Main Board of the SGX-ST on 24 June 2014 (being the full market day on which Shares were traded prior to the date of the Share Subscription Agreement).



The Company will raise gross proceeds of S$99,060,000 from the Share Subscription.

The Issue Price was commercially agreed between the Company and the Subscriber, after taking into consideration, inter alia, the historical trading prices and volume of the Shares on the Main Board of the SGX-ST. The Company is seeking the specific approval of shareholders of the Company (the "Shareholders") for the issuance of the Subscription Shares, the Convertible Securities and the Conversion Shares as it does not intend to utilise the General Mandate (as defined in Section 10 below).



Subscription Shares
 The Subscription Shares represent in aggregate approximately 17.5% of the existing issued share capital of the Company comprising 2,175,585,804 Shares as at the date of this announcement and will represent approximately 14.9% of the enlarged issued share capital of the Company comprising 2,556,585,804 Shares on completion of the Share Subscription.
 The Subscription Shares when issued and delivered shall be free from all charges, liens and other encumbrances and shall rank in all respects pari passu

with the Shares

existing at the date of issue of the Subscription Shares, save that they shall not rank for any dividends, rights, allotments or other distributions, the record date for which falls on or before to the date of issue of the Subscription Shares. For the avoidance of doubt, as at the date of this Announcement, the Company has not declared any dividends, rights, allotments or other distributions, the record date for which falls on or before the date of issue of the Subscription Shares.


http://yingligj.listedcompany.com/newsroom/20140630_072922_5DM_OYM2BIMYTKK62HKP.1.pdf

Capitaland Potential Adam and Eve Double Top

A steeper and sharper peak as shown by the green inverted V pattern was formed in April 2014. A pullback from this Adam Top Peak saw price dropped towards the blue support zone and a hammer candlestick was formed on 12th May 2014.

During the months of May and June 2014 a rounded Eve Top Peak indicated by the red curve was formed. Thus resulting in a potential Adam and Eve Double Top formation. The yellow immediate support zone is being tested now.

 A successful bounce upwards may retest the highs of the Adam and Eve Double Top Peaks. This upward swing will negate the double top pattern. Conversely. if the yellow support zone breaks down price will retreat downwards to the next support range indicated in blue.  A breakdown below this blue support zone will confirm this double top pattern.

A Conceptual Approach to Singapore Taxation - Poh Eng Hin

 

Description



 A book on Singapore income taxation and the goods and services tax presented along the lines of a seven-point conceptual framework comprising:

(1) Jurisdiction;
(2) Base;
(3) Allocation;
(4) Person;
(5) Cross-Border Linkages;
(6) Tax Expenditures; and
(7) Administration.



General Information

 

Author: Poh Eng Hin / Deborah M.Y. Poh

(Special thanks to Ms Dora Lim for being the principal author of Appendix 23-1 of the book)

Institution author affiliated to: Nanyang Business School, Nanyang Technological University, Singapore...



(Disclaimer: The views expressed in the book are the author’s own and do not necessarily reflect those of any institution to which the author is affiliated. While every effort has been taken to ensure the accuracy and completeness of the publication, the author expressly disclaims liability for any loss that may occasion to any party from any reliance placed on the work.)

Publisher: Pearson Education

ISBN: 978-981-45-2698-2

Year of publication: 2013 (1st edition)

No. of pages (main content): 922



Table of Contents:

PART 1: INTRODUCTION AND THE CONCEPTUAL FRAMEWORK
Overview of Part 1
Chapter 1: Introduction to Taxation
Chapter 2: The Conceptual Framework and The Legal Framework
Chapter 3: The Conceptual Framework Applied to Income Taxation

PART 2: JURISDICTION
Overview of Part 2
Chapter 4: Defining the Income Tax Jurisdiction
Chapter 5: Defining Heads of Charge
Chapter 6: Determining the Residence of the Person
Chapter 7: Locating the Geographical Source of the Income

PART 3: BASE
Overview of Part 3
Chapter 8: Exemptions
Chapter 9: Deductions
Chapter 10: Capital Allowances
Chapter 11: Quantifying Statutory Income
Chapter 12: Quantifying Assessable Income
Chapter 13: Quantifying Chargeable Income

PART 4: PERSON
Overview of Part 4
Chapter 14: Income Tax Aspects Peculiar to Companies
Chapter 15: Income Tax Aspects Peculiar to Individuals
Chapter 16: Taxation of Partnership Income
Chapter 17: Taxation of Other Entities

PART 5: CROSS-BORDER LINKAGES
Overview of Part 5
Chapter 18: Double Taxation and Tax Treaties
Chapter 19: Residents Receiving Foreign Income in Singapore
Chapter 20: Non-Residents Deriving Singapore Income

PART 6: ALLOCATION
Overview of Part 6
Chapter 21: Further Allocation Issues

PART 7: ADMINISTRATION
Overview of Part 7
Chapter 22: Income Tax Administration

PART 8: TAX EXPENDITURES
Overview of Part 8
Chapter 23: Overview of Income Tax Incentives

PART 9: GOODS AND SERVICES TAX
Overview of Part 9
Chapter 24: Introduction to the GST
Chapter 25: GST in Singapore


ORDER / CONTACT DETAILS:
To order the book or to contact the author, please send a private message via this Facebook page.  


https://www.facebook.com/pages/A-Conceptual-Approach-to-Singapore-Taxation/515803501818636

Biosensors Announces Appointment of New CEO - Jose Calle Gordo

Mr Jose Calle Gardo has led an illustrious career with over 25 years of broad business and management experience in the medical devices industry, having served in various vice president and managerial roles at Abbott, Eli Lilly, and Guidant. He led the global team that developed and commercialized Xience a family of drug eluting stents (DES) and a market leader for the treatment of coronary artery disease with global sales of more than $1.6 billion while serving as Vice President and General Manager of Drug Eluting Stents Vascular Intervention at Guidant based in Santa Clara, CA, U.S.A.

As Vice President of Abbott Vascular based in Brussels, he later led the commercial introduction of Bioresorbable Vascular Scaffolds (ABSORB) and MitraClip, the world's first percutaneous mitral valve repair therapy. During his earlier years with Abbott, he spearheaded the integration of Guidant and Abbott Vascular Devices in 2006 and managed the international operations of Abbott Vascular outside the U.S. between 2011 and 2012.
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementToday&F=KD5PXZXH5ET6YSPZ

Umbrella lines - Paper umbrella candlestick patterns - Hammers - Hanging Man

The Hanging Man and Hammer Patterns

The hanging man and hammer patterns are trend reversal patterns that consist of the same type of candlestick, which are called umbrella lines because of their shape. In other words, both the hanging man and the hammer pattern have the same shape, though the one is bearish while the other is relatively bullish. What distinguishes the two is the nature of the trend that they appear in. If the umbrella line appears in an uptrend then it is known as the hanging man pattern, and if it appears in a downtrend, then it is known as the hammer pattern. Both are a single candlestick pattern in which the candlestick consists of a real body that is located at the top of the candlestick with little or no upper shadow and a relatively long lower shadow, which should be at least twice the length of the real body. The color of the hanging man or hammer candlestick is not important.


Hanging Man and Hammer Patterns

The Hanging Man

The hanging man is a bearish signal that appears in an uptrend and warns of a potential trend reversal. The candlestick pattern is called the hanging man because the candlestick resembles a hanging man with dangling legs. The long lower shadow of the hanging man is generally a bullish signal, indicating that demand for the underlying security forced the price into the upper third of the price range for that period. For this reason, confirmation of a trend reversal is should be sought. At the very least, the candlestick following the hanging man should close below the real body of the hanging man. Confirmation may also take the form of another trend reversal pattern such as an engulfing pattern or a piercing pattern. The color of the hanging man on its own is not important though the nature of the confirmation pattern may assign significant to the color of the hanging man candlestick.

The Hammer

The Japanese name for the hammer pattern is takuri, which means testing the water for its depth. The hammer pattern is quite similar in appearance to the hanging man pattern but it occurs in a downtrend and is a bullish signal that warns of a possible trend reversal. The candlestick is called a hammer because it hammers out a base at the bottom of the downtrend. The long lower shadow of the hammer is a bullish signal regardless of the color of the candlestick's real body. It indicates that the underlying sold off sharply but demand returned, forcing the price back up to close at or near the high for that period.

http://www.chart-formations.com/candlestick-patterns/hanging-man-and-hammer.aspx

Alan Wang of Asdew

SUNPOWER GROUP’S substantial shareholder Artur Jurczakowski has been regularly offloading his shares -- but a Singapore fund, Asdew Acquisitions, has upped its stake in the past year.




Jurczakowski's latest announced disposals took place in February 2013, when he sold 1.4 million shares at an average price of 20 cents on the 5th and 19th. His interest hs dipped below 5%.

Asdew Acquisitions, on the other hand, upped its stake in Sunpower from 3.57% as at 9 March 2012 to 4.29% as at 8 March 2013. Just check out the annual reports.

Asdew Acquisitions is a fund predominantly owned by former Kim Eng director Alan Wang.


In February 2013, Asdew emerged as a cornerstone investor of Mapletree Greater China Commercial Trust, one of the largest ever REIT IPOs in Singapore.

Last month, the fund also took a placement of new shares issued by Sino Grandness Food Industry.

http://www.nextinsight.net/index.php/story-archive-mainmenu-60/919-2013/6745-sunpower-share-overhang-when-investor-chooses-to-offload-on-open-market


ASDEW ACQUISITION founder Alan Wang has emerged as a substantial shareholder in Memstar Technology with a 5.3% stake after he paid more than a million dollars for Memstar shares this week.

On 6 Jan, he acquired 11.888 million Memstar shares (0.4476% of the issued capital) at about 10 cents each from the open market, bumping up his interest over the 5% threshold that makes shareholding disclosure mandatory.

Memstar’s stock price has rocketed 47% over the past 3 weeks, hitting a high of 11 cents on 6 Jan, the day when Mr Wang made his latest transaction.

Memstar is currently in a supplemental agreement with SGX listed United Envirotech (UEL), which will see UEL acquiring Memstar’s businesses and assets for S$293.4 million.

The acquisition will make the combined entity a vertically integrated water solutions provider with enhanced competitiveness, leveraging on both Memstar’s proprietary membrane technologies and UEL’s strong engineering and marketing capabilities.

http://www.nextinsight.net/index.php/story-archive-mainmenu-60/924-2014/7956-memstar-stamford-tyres-smart-money-moves
 

Gay Chee Cheong - Deputy Chairman and Chief Executive Officer 2G Capital

Mr. Gay Chee Cheong is currently employed at 2G Capital as a Deputy Chairman and Chief Executive Officer. He also serves as the Board Member at Sinolac (Singapore) Pte., Ltd. Mr Gay was with JIT Holdings Limited for 4 years as Group Executive Director responsible for corporate planning, business development and investments of the JIT Group. He was concurrently the Managing Director of JIT Changi Logistics Centre (Singapore), JIT Electronics (Shanghai) Co., Ltd and JIT ... Electronics (Magyaroszag) kft (Hungary) responsible in starting up the subsidiaries. He was also the Director responsible for public-listing and the merger of JIT with Flextronics International worth S$1.1 billion. Prior to JIT, Mr Gay was with Singapore Technologies Pte Ltd and was the General Manager/Director of the joint venture company.

http://investing.businessweek.com/research/stocks/private/person.asp?personId=27197397