Shares & Derivatives
Thoughts on Sino Grandness EGM (5 Feb 2016)
By Ernest Lim's investing blog  •  February 5, 2016
Dear all, Just to share what I have sent to my clients this morning (i.e. 5 Feb 2016), just a few minutes after market opens: Sino Grandness announced yesterday night that it is calling for an EGM to seek shareholders’ approval for the proposed disposal and / or the proposed material dilution of 20% or more of the company’s shareholding interest in Garden Fresh, pursuant to the proposed listing of Garden Fresh (its subsidiary) on an internationally recognised stock exchange. The EGM will be held on 23 Feb, 10am. Please see the link here for the notice of EGM. My personal takeaway is This is a good piece of news. In my opinion, it signifies that the IPO stage has (finally) reached the end stage. If the IPO can progress, the concerns on its convertible bonds are likely to be alleviated as they are tied to the IPO. ......
Read the full article
By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance