By: La Papillion Hmm, I realised it's been such a long while since I commented on the market or the announcement which I read daily from sgx website. I haven't commented on such things since I stopped blogging daily. Hoho, to think that I once used to blog daily...where got time now? :) Today, several news caught my eyes as I was roaming through the announcement website. 1. Singtel announces the first-in-the-world landmark deal with major US studios, Disney ABC International TV, 20th century fox and Warner Bros International TV, which enables Singtel to screen over 50 top US tv series as early as 24 hrs after their US premiere for its mio TV service. Thus, Singtel became the first Internet protocol TV operator in the world to offer a model. My take: Well, I don't watch tv at all. The last tv series I watch is maybe 6-8 yrs ago? I have no idea how people are addicted to tv shows. In either case, there are so many free shows in the internet, so I'm wondering why people even want to pay. Either case, it sounds pretty important for Singtel's fight over cable tv with Starhub. 2. Ecowise is going to give a special interim dividend cash dividend of $0.01 per ordinary share for the financial year ending 31st Oct, 2008. At the same time, they are proposing a rights issue of 214,165,181 new shares at an issue price of $0.01 for each proposed right shares, on the basis of 1 rights share for every 2 shares held, disregarding fractional entitlements. My take: Hmm, didn't Ecowise did such a thing not too long ago? Digging out the old archives, I found that on 24-Jul-2007, they did put an announcement to propose a cash dividend and rights cum warrants issue. Back then, the special interim tax exempt cash dividend for the financial year ending 31st Oct, 2007, is $0.03 net per ordinary share. They also proposed a rights issue of 249,975,000 new shares at an issue price of $0.01 per rights share with detachable free warrants. Each warrant carries the right to subscribe for 1 new share at an exercise price of $0.05. So back then, every 1 share held entitles the holder to 3 rights share and 1 warrant. Complicated? Yes, I thought so too. Read more...