Was in Plaza Singapura yesterday and saw that the Aussino store there has been replaced by another home furnishing store. Saw from the internet that the Hougang Mall, Bishan and Causeway Point stores may also have closed down. Read that the Suntec City and Great World City stores are still in business. Heard that they are having a 50% off sale.
Selling at 0.6 cents to the market now is still better than getting nothing back once it is wound up.
If retail minority shareholders with 10 lots or lesser had sold Aussino shares @ S$0.006 on the open market on the last trading day on 20 Dec 2013, the only person who reaped the most benefit would be the broker, those with an on-line trading a/c could get back some money, others who required broker-assist might be losing money, instead.
1. 10,000 shares X 0.006 = S$60 (excluding brokerage fees and other charges).
2. 5,000 shares X 0.006 = S$30 (excluding brokerage fees and other charges).
Aussino's IPO share price was @ S$0.88 on its listed date 1 Mar 2000, the last traded share price was @ S$0.006, on its delisted date 20 Dec 2013.