If BB sell we must sell..but looks like they are in for the long Haul
Posted: Thu Oct 11, 2007 1:23 pm Post subject: BBs in SINOSTAR - SGX Announcment 11/10/07
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#1.
Date of change of Interest 26-09-2007
2. Name of Registered Holder ALLIED TARGET LIMITED
3. Circumstance(s) giving rise to the interest or change in interest # Others
# Please specify details Listing and admission of the Company's shares on SGX-ST.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held 49,000,000
As a percentage of issued share capital 7.66 %
#2.
1. Date of change of Interest 26-09-2007
2. Name of Registered Holder YOOF INVESTMENTS LIMITED
3. Circumstance(s) giving rise to the interest or change in interest # Others
# Please specify details Listing and admission of the Company's shares on SGX-ST.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held 63,100,000
As a percentage of issued share capital 9.86 %
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Taking the IPO price, 0.38...
at IPO #1 owned $0.38 x 49,000,000 = $18,620,000
Today #1 owned $0.96 x 49,000,000 = $47,040,000
#1 is $28,420,000 richer!
at IPO #2 owned $0.38 x 63,100,000 = $23,978,000
Today #2 owned $0.96 x 63,100,000 = $60,576,000
#2 is $36,598,000 richer!