Hotung

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13 years 11 months ago #4677 by Joes
Replied by Joes on topic Re:Hotung
They have been aggressive.

Nov 18: cumulative 13,489,000 shares bought back to date.

Nov 30: cumulative 25,104,000 shares bought back to date.

So between Nov 18-30, they bought back 11,615,000 shares (around US$0.105-11 cents a share).

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13 years 10 months ago #4686 by Joes
Replied by Joes on topic Re:Hotung
From CNA forum: I have been a shareholder of this counter for donkey years liao.

Just take a look at its financials, NAV about 22 US cents and with the impending ipo of Mstar, the funds will sooner rather than later sniff out that this is one gem in the making.

The company has been doing a share buyback on a regular basis, they also realise in SGX, the valuation tend to be lower as compared with HK, TW or even shanghai. Maybe thats y the buyback the shares not as treasury but to cancel the bought back shares.

Well, to each his own, thats my opinion.

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13 years 10 months ago #4760 by
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Hotung is cheong-ing ..... up 1 cent at US$0.12.

Reason is MStar IPO:

MStar Semiconductor sets indicative range for Taiwan IPO Dec. 16, 2010 (China Knowledge) - MStar Semiconductor Inc, one of the world's leading supplier of controller chips for liquefied crystal display monitors, has set the indicative price range from its planned initial public offering in Taiwan at NT$250 to NT$310 per share, sources reported.

According to the report, the company is scheduled to set the IPO price tomorrow and list on the Taiwan Stock Exchange on Dec. 24.

MStar Semiconductor plans to issue 32.2 million new shares to raise as much as NT$9.98 billion.

The IPO size is expected to exceed TPK Holding Co's US$200-million IPO, thus to become the largest one in Taiwan this year, sources reported.

MStar Semiconductor has hired Goldman Sachs Group, Fubon Securities and Capital Securities as underwriters for the offering.

Founded in 2002, MStar Semiconductor's products include WiFi, fingerprint, GPS to mobile phone-based chips, according to the firm's website. Its major rivals include Broadcom Co, STMicroelectronics N.V. and MediaTek Inc. 

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13 years 10 months ago #4775 by yeng
Replied by yeng on topic Re:Hotung
Hotung now at 12 US cts in Singapore.....


Dec. 17 (Bloomberg) -- MStar Semiconductor Inc., a Taiwanese chip designer, raised NT$8.4 billion ($282 million) in the island’s biggest initial public offering this year.
MStar sold 28 million new shares at NT$300 each, according to a statement filed with the stock exchange. The Hsinchu, Taiwan-based company offered the stock to investors at between NT$250 and NT$310 a share.

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13 years 10 months ago #4824 by yeng
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Touched 15 US cents!!!
The NAV is US23 cents...

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13 years 10 months ago #4833 by yeng
Replied by yeng on topic Re:Hotung
Hotung is going to recognize a big profit on its divestment of Mstar, which was its biggest holding by book value as at end-2009.

Hotung has also brought to IPO its smaller investee companies recently:


 Bitauto on 17Nov

Giga Solar on 18 Nov
 Taido Tech on 1 Dec


Hotung has filed for IPO the following:  Force 10 Networks and NewEgg

Its investments in 2009 have done well : they are listed shares of  Want Want.

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