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Post by oldman on Nov 20, 2013 20:13:22 GMT 7
Interesting development. The parent company ASTI is decreasing its stake from 53.81% to 44.54%. Usually controlling shareholders (those owning more than 50%), don't like reducing their stakes. Always 2 ways to read the situation. Your guess is as good as mine. At the end of the day, it really depends on the acquisitions that Dragon Group makes in the months ahead and whether these are cash acquisitions or share swaps or a mix of both. Too early to really tell. Also, I feel that the entire stock market is toppish and I rather just observe from the sidelines. Sale of part stake in Dragon Group at 11cts per share. infopub.sgx.com/FileOpen/20131120_ASTI_-_Announcement_Sale_of_DGI_Shares.ashx?App=Announcement&FileID=265231  |
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Post by odie on Nov 20, 2013 20:59:32 GMT 7
once they reduce from more than 50% to below, dragon grp will be their associate.
dragon grp will not longer consolidated or included in asti's grp accounts until new rules kick in ard 2014.
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Post by oldman on Nov 21, 2013 5:42:52 GMT 7
once they reduce from more than 50% to below, dragon grp will be their associate. dragon grp will not longer consolidated or included in asti's grp accounts until new rules kick in ard 2014. For ASTI, they will still consolidate the accounts as stated in the paragraph below.  |
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Post by odie on Nov 21, 2013 7:13:01 GMT 7
once they reduce from more than 50% to below, dragon grp will be their associate. dragon grp will not longer consolidated or included in asti's grp accounts until new rules kick in ard 2014. For ASTI, they will still consolidate the accounts as stated in the paragraph below. Oic Thanks for pointing it out:) |
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Post by oldman on Nov 21, 2013 7:18:45 GMT 7
Pleasure. This is what a forum should be.... a place to discuss and share thoughts..... sometimes you are right, sometimes I am right... but who cares! Regardless, I still feel that something must be cooking for a major shareholder to relinquish shareholder control over a listed company. Better however to see the proof of the pudding first.  For ASTI, they will still consolidate the accounts as stated in the paragraph below. Oic Thanks for pointing it out:) |
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Post by oldman on Jan 27, 2015 20:25:20 GMT 7
I had a quick look at this stock and I will certainly be staying away from this. Current share price is 7.6cts. Some hype recently as there was a proposed placement of 27.777 mil shares at 9cts to Asia Green Technology Inc. Some of us may be familiar with the placee. I would not be surprised that the company will acquire a more substantial company and may need future financing. As always, you have to read in between the lines.... Only time will tell whether I am right or wrong.  |
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Post by oldman on Mar 5, 2015 14:10:26 GMT 7
A good example of why smart money is usually very smart. Never fight smart money.  NOTIFICATION OF INCLUSION ON THE WATCH-LIST WITH EFFECT FROM 4 MARCH 2015 The Board of Directors of Dragon Group International Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that following the Notice of 3 Consecutive Years’ Losses released by the Company on 27 February 2015, the Singapore Exchange Securities Trading Limited (the "SGX-ST") has notified the Company that it will be placed on the watch-list with effect from 4 March 2015. The Company will have to meet the requirements of Rule 1314 of the SGX-ST Listing Manual within 24 months from 4 March 2015, failing which the SGX-ST would delist the Company or suspend trading in the Company's shares with a view to delisting the Company. Rule 1314 of the SGX-ST Listing Manual states that an issuer on the watch-list may apply to the SGX-ST for its removal from the watch-list if it satisfies any one of the following requirements:- (i) the issuer records consolidated pre-tax profit for the most recently completed financial year (based on the latest full-year consolidated audited accounts, excluding exceptional or non-recurrent income and extraordinary items) and has an average daily market capitalisation of $40 million or more over the last 120 market days on which trading was not suspended or halted for a full market day; or (ii) the issuer satisfies Rule 210(3) of the Listing Manual and either one of the following requirements:- (a) cumulative consolidated pre-tax profit of at least $7.5 million for the last three years, and a minimum pre-tax profit of $1 million for each of those three years; or (b) cumulative consolidated pre-tax profit of at least $10 million for the last one or two years. Rule 210(3)(a) of the Listing Manual applies to the last one year or last two years as the case may be. The Company would like to notify all its shareholders and business partners that the Group’s business shall continue as usual. BY ORDER OF THE BOARD Dato' Michael Loh Soon Gnee Executive Chairman & CEO 3 March 2015 infopub.sgx.com/FileOpen/DGI_Notification_Watchlist.ashx?App=Announcement&FileID=337256Interesting development. The parent company ASTI is decreasing its stake from 53.81% to 44.54%. Usually controlling shareholders (those owning more than 50%), don't like reducing their stakes. Always 2 ways to read the situation. Your guess is as good as mine. At the end of the day, it really depends on the acquisitions that Dragon Group makes in the months ahead and whether these are cash acquisitions or share swaps or a mix of both. Too early to really tell. Also, I feel that the entire stock market is toppish and I rather just observe from the sidelines. Sale of part stake in Dragon Group at 11cts per share. infopub.sgx.com/FileOpen/20131120_ASTI_-_Announcement_Sale_of_DGI_Shares.ashx?App=Announcement&FileID=265231 |
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