MAP Tech

MAP Tech

Postby helios » Tue Dec 29, 2009 9:35 am

:arrow: How cash rich is this Company?

7-Dec 2009: PROPOSED LISTING OF AND QUOTATION FOR TAIWAN DEPOSITORY RECEIPTS (THE “TDR”) ON THE GRETAI SECURITIES MARKET OF TAIWAN (THE “PROPOSED LISTING”) - FURTHER DISCLOSURE

Source: http://www.maptech.com.sg/app/attachmen ... 091210.pdf
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
helios
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Re: MAP Tech

Postby winston » Fri Feb 05, 2010 6:11 pm

Wonder how many people bought the counter when they announced that they were going to do the TDR ? :lol: :roll:

Map Tech cans TDRs listing after failure to get approval By ANGELA TAN

SINGAPORE - Map Technology Holdings Limited said on Friday that its proposed listing of the Taiwan Depository Receipts (TDRs) has been terminated.

The company said it has received notice from the Taiwan Securities and Futures Bureau that the proposed listing is not approved because the company had recorded losses during the financial year ended Dec 31 2009.

The company had earlier applied to the GreTai Securities Market of Taiwan (GTSM) and Taiwan Central Bank for the offering and listing of TDRs, representing up to 228 million shares of the company, on the GTSM.

Major shareholder, Min Aik Technology Co, Ltd, intended to offer certain of its shares held in Map Tech for the issuance of the TDRs, with each TDR representing six ordinary shares of Map Tech at an issue price of NTD8.11 (S$0.35) per TDR, in order to raise NTD308.18 million (S$13.3 million).

The deal was expected to enhance Map Tech's corporate profile in the international investment communities in addition to providing an alternative fund-raising platform to the company.

Source: Business Times
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: MAP Tech

Postby helios » Fri Feb 05, 2010 9:52 pm

ha ha ha ... ... didn't close the failure reason?
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
helios
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Re: MAP Tech

Postby winston » Mon Dec 06, 2010 1:03 pm

Not vested

Shares of Singapore data storage provider Map Technology surged as much as 27 percent after it unveiled plans to delist from the Singapore Exchange, traders said.

By the lunchbreak, Map shares were traded at S$0.065, or 18 percent higher, with over 52 million shares changing hands.

Map's controlling shareholder proposes to pay minority investors S$0.0715 in cash to buy over their stake, the firm said in a statement on Friday.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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