Still no news about the proposed share consolidation of every 4 existing shares into 1 consolidated share for AUSSINO?
At the current price of S$0.285, if the share consolidation is to take place, is the price of its shares going to become S$1.14? Max Strategic will only be paying S$0.32 for the new issue consolidated shares.
Taken from 25-Jul-2012:
Aussino has entered into a conditional sale and purchase agreement (the "Injection Agreement") with the shareholder of Max Strategic (the "Vendor") to acquire Max Strategic for a consideration of S$70 million. The acquisition consideration will be satisfied by the issue of 218,750,000 new consolidated shares (the "Consideration Shares") (which, for the avoidance of doubt, will be issued after the completion of the proposed share consolidation of every 4 existing shares into 1 consolidated share) to the Vendor at an issue price of S$0.32 (the "Issue Price") per Consideration Share.
prior to 25th April, volume hovers around 1 to 2 million.
On 25th April, there was a sudden surge in volume to 28 millions and a sell down in just a few hours from almost 20 cents to 16.6 cents before halted. Turns out the halt is a bad news.
Now, no one finds it strange? that there is a sudden selloff just before the halt and it turns out to be bad news??
Divads, Tx for yr post highlighting the matter. As regards your email suggesting an article, well, there isn't other substantiated info for us to create an article, so can I suggest you write to SGX?
