Sunpower's private placement of 65million shares has been approved by SGX. It would be interesting to watch what happens when new shareholders come onboard.
China International's private placemetn of 150 million shares at 5.1cts per share has been approved by SGX. Why would one Hong Kong investor invest S$7.65 million into this s-chip?
Thank you for yr posts. U are not too worried about S-chips? Eratat has imploded, YzJ has some trouble brewing (which may blow over quickly), etc. Have you had any big winners in S-chips?
zane wrote: Thank you for yr posts. U are not too worried about S-chips? Eratat has imploded, YzJ has some trouble brewing (which may blow over quickly), etc. Have you had any big winners in S-chips?
Zane,
I stay cautious as long as I am in the market, whether s-chips or not. I had quite a few s-chip winners over last 1 yr; including hankore and siic.
I have taken up a small position in both CIH and Sunpower and when action starts, I would just follow the trend. Both should have good stories like Hankore/SIIC.