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(Post 1 of 225) 07/29/1999.17:08:00 |
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Does anyone have info about Ossia? Will the price goes up further? |
| (Post 2 of 225) 07/30/1999.23:26:00 |
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What a outstanding gain today. Can anybody comment on the strong interest on this counter? Speculative or good potential? What is possible target level? |
| (Post 3 of 225) 08/15/1999.09:47:00 |
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Ossia - It has been among the most resilient in penny's. 1. The symmetric formation looks worried thou'. 2. ROC has quietly slip into -ve territory on 23/7 and has yet to return to +ve ground. Bottomline : Unless it is able to beat and close above the downtrend line of the triangle, do avoid for the time being.  |
| (Post 4 of 225) 09/21/1999.18:31:00 |
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Nice to see a company focusing on its core business but sad to see so much of this report on its new acquisition of an internet company. When one visits gatecrash.com, one cannot find any compelling reason for buying sporting stuff there. In fact, there is only a limited selection and the first screen of http://shop.gatecrash.com/ actually focuses on selling a Compaq computer! Somewhere in the report you will see this -"Today, Gatecrash.com officially launched its e-commerce platform with sporting goods as its first major product category. This move effectively establishes Gatecrash.com as a leader in e-commerce for this product group in the region.". Now is that hype or is it just me! --------------------------------------- Review of the performance of the company and its principal subsidiaries The Group's half year operating profits before tax was $2.9 million for the 6 months ended 30 June 1999, an improvement by 58% from $1.8m in the comparative period. The operating profits after tax was $2.2 million, an increase of 50% from $1.4 million on the previous period. The significant improvement was partly due to a 36% ($15.0m) jump in turnover to $56.8m for the period ended 30 June 1999, compared to the turnover of $41.8m of last year's comparative period, and reduction in operating costs realized from the tough measures undertaken to restructure and re-focus the business. The divestment of its 49% stake in property development associated company,HBO Investments Pte Ltd which resulted in an extraordinary loss ("EOI") of $(0.27) million; and the divestment of two 19% investee companies namely Ossia International (M) Sdn Bhd and Prince S E Asia Pte Ltd which resulted in EOI of $(1.64) million, mainly account for the net total EOI of $(1.8m) for the period ended 30 June 1999. Save as disclosed in this announcement, in the opinion of the Directors, no item, transaction or event of a material and unusual nature has arisen which would affect substantially the results of the operations of the Group and the Company from 30 June 1999 to the date of this announcement. Commentary on current year prospects The Group has been and will be continuing to refocus its business through divestment of non-core businesses such as property development and manufacturing, and investing in activities that will provide further impetus for growth in its core business in marketing and distribution. Such activities are summarized as follows: The Re-Focusing Exercise On Core Business of Marketing & Distribution Period Ended 30/6/99 Subsequent Events I) Divestment of Property Development Business Ia.Disposal of 49% stake in HBO Investments Pte Ltd Ib. Disposal of 100% stake in Ossia Development (Newton) Pte Ltd (which owned freehold property at Suffolk Road) II) Divestment of Manufacturing Business IIa.Disposal of 51% stake in Global Concept Textiles Sdn Bhd III) Divestment of Investee Companies IIIa.Disposal of 19% stake in Prince S.E. Asia Pte Ltd IIIb.Disposal of 19% stake in Ossia International (M) Sdn Bhd IV) Increase Stake in Distribution Businesses IVa. Acquisition of further 15% (from 85% to 100%) stake in W.O.G. World of Golf Pte Ltd IVb.Acquisition of 49% (from 51% to 100%) stake in Global Concepts Apparel Sdn Bhd V) Investment in e-Business -A New Channel of Distribution Va.Proposed acquisition of 51% stake in Gatecrash.com Corp. Pte Ltd - a cyber lifestyle e-commerce hub Notes: I. Divestment of Property Development Businesses Ia. Refer to Para 5 on Extraordinary Items Ib. In August 1999, the Group disposed its entire equity stake in its wholly-owned property development subsidiary, Ossia Development (Newton) Pte Ltd ("ODN") which owned a freehold land at Suffolk Road that ODN purchased in 1997. Based on the Group's results for the period ended 30 June 1999, the divestment will result in an improvement in the Group's gearing ratio from 1.89 to 1.28. II. Further Divestment of Manufacturing Business IIa. With effect from 1 July 1999, the Group disposed its 51% investment in Global Concepts Textiles Industries Sdn Bhd ("GCT"), a company that was involved in the manufacturing of apparel in Malaysia. The disposal will result in an Extraordinary Loss of $(0.8m) in the current financial year. IIIa&b. Increase in Stake in Distribution Businesses Refer to Para 5 on Extraordinary Items IV. Increase in Stake in Distribution Businesses IVa. With effect from 1 June 1999, the Group increased its stake by 15% in W.O.G. World of Golf Pte Ltd from 85% to 100% for a consideration of $1. IVb. With effect from 1 July 1999, the Group increased its stake in Global Concepts Apparel Sdn Bhd from 51% to 100%. The consideration of $0.2 m for the stake increase represents goodwill of the same amount that will be offset against the reserves of the Group in accordance with the Group's accounting policy. The acquisition will also result in an Extraordinary Gain of $0.4m arising from the forgiveness of debt by GCT in the current financial year. Va. Investment in e-Business - a New Channel of Distribution (Gatecrash.com) · In July 1999, the Group announced its expansion of distribution channel by signing a memorandum of understanding (MOU) to acquire 51% of the shares of Gatecrash.com Corporation Pte Ltd ("Gatecrash.com"). Under the terms and conditions of the MOU, Ossia is committed to invest a minimum of $2 million in this new channel of distribution. · Gatecrash.com · is a virtual community e-commerce hub; · is the first regional e-commerce portal to market sporting goods on the net; · has audience profiling capabilities; and · has the infrastructure to market products to a growing community of net savvy consumers under http://www.gatecrash.com. · Today, Gatecrash.com officially launched its e-commerce platform with sporting goods as its first major product category. This move effectively establishes Gatecrash.com as a leader in e-commerce for this product group in the region. With the sporting goods category in place, Gatecrash.com is now ready to move to the information technology (IT) product category which has opportunities and proven potential for e-commerce. · Making their first move into other net-friendly product categories, Ossia and Gatecrash.com are partnering with Compaq to market Compaq's range of consumer products on line. The parties expect to build on this new relationship to deliver exciting and innovative cyber promotions to the youthful target audience of Gatecrash.com. · Ossia and Gatecrash intends to extend such partnerships to other IT manufacturers and suppliers to create a larger range of IT products for its net customers. Conclusion The management takes comfort in the general improvement in the economic conditions in Asia, and that the operational restructuring exercise and re-focussing strategy have enabled the Group to realize efficiencies and the corresponding cost savings. Further improvement will be subject to the recovery of the various Asian economies from the last economic crisis. The Group is expected to remain profitable for the next 6 months of the current financial year. |
| (Post 5 of 225) 09/26/1999.01:12:00 |
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Has anybody heard of an impending merger deal involving Ossia? |
| (Post 6 of 225) 10/06/1999.10:25:00 |
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Harvey Norman forms joint venture with Ossia International SYDNEY (AFX-ASIA) - Harvey Norman Holdings Ltd said it has agreed to form a joint venture in Singapore with Ossia International Ltd. Harvey Norman Ossia will be owned 60 pct by Harvey Norman Singapore and 40 pct by Ossia, it said. Simultaneously, the new joint venture Harvey Norman Ossia has entered into a put and call option agreement with listed Singapore investment holding company Pertama Ltd, which, if exercised, will involve HNO taking 50.6 pct of the issued capital of Pertama. HNO would than make a general offer to acquire all Pertama shares. After gaining control of Pertama, HNO intends to restructure the Pertama board so that Harvey Norman representatives will constitute a majority of the directors of Pertama. HNO also intends to improve the operation of Pertama and its subsidiaries by introducing Harvey Norman business systems and management skills to the Singapore company. Harvey Norman said Pertama has a strong position in Southeast Asia in the sale of audio, visual, photographic, digital products and small home appliances. In addition, Ossia, which markets and distributes lifestyle sporting goods in the region, has a call option to acquire from Harvey Norman Singapore 9 pct of the issued capital of the joint venture Harvey Norman Ossia. This call option cannot be exercised by Ossia before Nov 26 2000. At 12 noon, Harvey Norman shares were 0.03 aud lower at 3.14. The All Ords was down 12.1 points at 2,905.1. /jrw/tr AFN |
| (Post 7 of 225) 10/06/1999.11:26:00 |
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HARVEY NORMAN is a real phenomenon in retailing in Australia. They are very successful operator in the home improvement business along with home furnishings. The bossman Harvey has taken the company from one small shop after he split from Norman Ross to where it is today. They would create some good competition for Courts and the others. It will be interesting to see how they do in Asia |
| (Post 8 of 225) 10/06/1999.11:39:00 |
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HARVEY NORMAN...MORE FEEDBACK FROM AUSSIE FRIENDS I understand they had a share split a little while ago. The shares were trading at $18 or something i think, so the split was done to bring back liquidity. They are an excellent retailer - their shopping centres are huge selling massive amounts of indoor/outdoor furniture, electric goods, video games/tv's/stereos, computers, barbeques.......you name it they sell it, well, everything but food! It's a good stock for long term growth. Very tightly run business. They put all earnings back into expanding the business. Dividend yield is low @ 1.99%. P/E ratio is high, even for a retail outlet @ 50.24 which shows it is already priced high on future earnings. Another good bet would be Millers Retail, code MRL, as it is a tightly held stock by the family. Limited shares available, higher yield @ 3.8% and very good forecasts for earnings by major insto's. Has a fair value price of $2.80 currently. Is priced @ $2.30 at the moment. |
| (Post 9 of 225) 12/14/1999.11:34:00 |
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OSSIA INTERNATIONAL LIMITED On 6 October 1999, leading regional marketer and distributor of lifestyle sporting goods, Ossia International Limited (the "Company") announced its entry into a joint venture agreement with Harvey Norman Singapore Pte Ltd ("HNS") and a joint venture company called Harvey Norman Ossia (Asia) Pte Ltd ("HNO") had been set up by the parties. HNS is a wholly-owned subsidiary of Harvey Norman Holdings Limited ("Harvey Norman"), a company incorporated in Australia and listed on the Australian Stock Exchange and the New Zealand Stock Exchange. The joint venture has been formed for the purpose of facilitating a joint strategic investment by Harvey Norman and Ossia in Pertama Holdings Ltd ("Pertama"), which is listed on the Mainboard of the Stock Exchange of Singapore Limited ("SES"). The Board of Directors of the Company is pleased to announce that at the Extraordinary General Meeting of the Company held at The Boardroom, No. 10 Changi South Lane #07-01 OSSIA Building Singapore 486162 on 12 November 1999, the ordinary resolutions as set out in the Notice of Extraordinary General Meeting dated 28 October 1999 were duly passed to ratify and approve: (a) the Company's entry into the Joint Venture Agreement with HNS on 6 October 1999 ("Joint Venture Agreement) and the Put and Call Option Agreement with HNO, Harvey Norman, HNS and Pertama on 6 October 1999 ("Put and Call Option Agreement"); and (b) the Company to perform and undertake its obligations therein including the proposed investment of HNO in Pertama by way of the subscription for the 120 million new ordinary shares of par value of S$0.25 each in the capital of Pertama to be allotted and issued by Pertama and subscribed by HNO ("Option Shares") pursuant to the Put and Call Option Agreement (the "Proposed Investment") and all transactions contemplated therein. The joint venture marks a partnership with one of Australia's most successful companies that has a highly profitable and successful business model, notably in franchising that the Company can emulate. It shall provide a platform for the sharing and transfer of know-how to pave the way for the Company to achieve the same level of success as Harvey Norman has reached thus far. On 11 November 1999, it was reported in the Business Times that Pertama had announced a return to profitability for the half year ended 30 September 1999, bringing a 28 per cent jump in turnover to S$84 million, which helped boost net profit to $1.1 million, compared to a $(1.3 million) loss a year ago. As stated in the Company's circular issued to shareholders on 28 October 1999, barring unforeseen circumstances, it is the intention of the Company and Harvey Norman, as joint venture partners, to initially review the operations and management of Pertama. It is not anticipated that the current operations of Pertama will change other than to take advantage of Harvey Norman's management skills and to use the "Harvey Norman Business Franchise System". By order of the Board Tang Cheng Lin Company Secretary 12 November 1999 Submitted by Jennifer Kang, Business Development Manager on 12/11/1999 to the SES |
| (Post 10 of 225) 12/22/1999.17:02:00 |
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Ossia - Trend channel.  Upper channel-line : Resist Lower channel-line : Support Rdgs |
| (Post 11 of 225) 01/14/2000.02:18:00 |
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Ossia completes acquisition of Gatecrash.com and sets up new holding company for Internet business Singapore, 13 January 2000 - Leading Singapore marketer and distributor of sporting and lifestyle goods, Ossia International Limited ("Ossia") today announced the completion of its 51% acquisition of the ordinary share capital of Gatecrash.com Corporation Pte Ltd ("Gatecrash.com"), an internet company incorporated in Singapore. Gatecrash.com is a consumer lifestyle portal that in the business of providing business-to-consumer e-commerce to a virtual community that is brought about by its interactive content site at http://hyper.gatecrash.com. Its subsidiary, X-Media Communications Pte Ltd specializes in portal development and providing web-centric software applications. It also provides Internet marketing, database warehousing, data-mining, e-commerce solutions and virtual community suites to clients such as British Airways, Motorola, Reed Exhibition, ESPN Star, Pacific Internet and Compaq.Further to the memorandum of understanding ("MOU") signed on 21 July 1999, the Subscription Agreement signed on 1 September 1999 and the Supplemental Agreement that was entered on 8 October 1999, Ossia effectively became the 51% majority shareholder of 542,265 ordinary shares of S$1.00 each in Gatecrash.com with effect from 1 January 2000.Following the completion of the transaction, Ossia has proceeded to purchase Tobicus Investments Pte Ltd ("Tobicus"), a newly incorporated Singapore company, for purpose of restructuring its interests in internet-related businesses under a new group. The new company shall be the holding company for Gatecrash.com and such other Internet businesses which Ossia is currently evaluating to increase its shareholder value. Tobicus has an authorized share capital of $100,000 comprising 100,000 shares of $1 each and a paid-up capital of $2 comprising 2 ordinary shares of $1 each. It was incorporated on 21 December 1999.By order of the BoardTang Cheng LinCompany Secretary |
| (Post 12 of 225) 02/17/2000.12:45:00 |
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Wow! a 24% (+14c) jump in share price. Is it a "delayed" repsonse to the "acquisition of Gatecrash.com"? Any news, anybody? Hv vested interest |
| (Post 13 of 225) 02/17/2000.14:36:00 |
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well, i must say, my long wait is now seeing lights. Finally got myself a gem here, hope it move like others dot.com :}. It had move to an uncharted area within a day. Shall see whether pertama follows.... *_~ |
| (Post 14 of 225) 02/17/2000.15:17:00 |
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Cabby, Uncharted area? not really wat, the 99 high is above 120. But the MA10 will definitely cuts the MA50 or even MA 100 in these few days, reversing a downward trend. Good luck to us! |
| (Post 15 of 225) 02/21/2000.10:04:00 |
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Hi, Just wondering about the recent upward movement of the prices. Is there anything to do World of Sports and the newly acquired e-commerce arm?? Any comments? |
| (Post 16 of 225) 02/24/2000.14:47:00 |
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Hi Eugliu, Heard from my broker that Ossia might be making an annoucement regarding the e-commerce site that they just bought.Can someone please comment on the impact if they should list the site?Thank you. Hava vested interest. |
| (Post 17 of 225) 02/24/2000.15:29:00 |
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Yawwai You can try this URL for the Gatecrash site. http://hyper.gatecrash.com/cms/ All I know is that right now there are quite a few pretty ladies on the home page! :) |
| (Post 18 of 225) 02/25/2000.11:55:00 |
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Yawwai, My Broker says that they will be listing their e-commerce arm either on the local exchange or even the NASDAQ..... wonder if the news is realiable Have vested interest |
| (Post 19 of 225) 02/25/2000.12:33:00 |
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Eugliu That is what I heard too but until they make an annoucement,it is still just a rumour.Buy on rumour and sell on facts? |
| (Post 20 of 225) 02/25/2000.14:47:00 |
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Eugliu the rumour site: www.hitcentre.com/hotrumours.asp also has the same information there.It is pretty explicit about the details though. |
| (Post 21 of 225) 02/29/2000.12:16:00 |
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ossia is getting interesting. got my first on at .68, waiting for evening before deciding for more. |
| (Post 22 of 225) 03/07/2000.04:55:00 |
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OSSIA INTERNATIONAL LIMITED OSSIA INTERNATIONAL LIMITED Ossia International Limited has through it's subsidiary, Ossia World of Golf (M) Sdn Bhd (OWOG), acquired the entire paid up capital of Ossic (M) Sdn Bhd for a consideration of RM1 on 15 December, 1999. Ossic (M) Sdn Bhd is a dormant company holding premises, which is presently occupied by OWOG for the use as office and warehouse. Ossia International Limited has also through it's subsidiary, Alstyle Marketing Sdn Bhd (AMSB), acquired the entire paid up capital of Tele-Excess Sdn Bhd for a consideration of RM2 on 10 March, 1999. Tele-Excess Sdn Bhd is also a dormant company holding premises, which is presently occupied by AMSB for the use as office and warehouse. None of the directors have an interest in the above-mentioned transactions and it is not expected to have a material impact in the current financial year. By Order of the Board Tang Cheng Lin Company Secretary Submitted by Jueanne Tan, Corporate Finance Manager on 06/03/2000 to the SES |
| (Post 23 of 225) 03/08/2000.07:11:00 |
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OSSIA INTERNATIONAL LIMITED OSSIA ACQUIRED INTO FOUR INTERNET COMPANIES Ossia International Limited, has through its 100% subsidiary company, Tobicus Investments Pte Ltd, has today announced its proposed acquisition of 4 internet companies. This includes acquisition of 33.3% of the ordinary share capital of People.com Pte Ltd, 30% of the ordinary share capital of Liahoni Consulting Pte Ltd and 14.3% of the share capital of Ace-Inflo Solutions Pte Ltd and its subsidiary, Aura Media Pte Ltd, for consideration of S$75,000, S$240,000 and S$3million respectively. People.com Pte Ltd and Ace-Inflo Solutions Pte Ltd are B2B e-commerce companies, and Liahoni Consulting Pte Ltd and Aura Media Pte Ltd are in the category of infrastructure service providers. People.com Pte Ltd provides online executive recruitment and human resource consulting services, in matching the needs of information technology professionals, corporations and recruitment firms; via a skilled-based human resource portal. The Investment Agreement and Shareholders Agreement were signed on 2nd March 2000. Liahoni Consulting Pte Ltd, an out-sourced service provider that provides a vertical range of IT consulting services, solutions and software broking services for the banking and finance industry. The company's main focus will be the Asia Pacific region where the financial industry is currently undergoing rapid changes as a result of deregulation. The Subscription Agreement and Shareholder Agreement were signed on 29th February 2000. Ace-Inflo Solutions Pte Ltd is a net generation software company that specializes in the development of secure, industrial-focussed Supply Chain Management Solutions that are based on the open Internet technologies that meet the such integrated logistical needs of its customers as: Warehousing, Air and Sea Freight, Land Transportation, Express Courier Services, Cargo Insurance, ATP (Available To Promise) Engine. Ace-Inflo categorized under B2B e-commerce; provides end-to-end, integrated logistics fulfillment solutions for businesses worldwide. It is also a member of the Singapore Information Technology Federation as well as strategic business partners of IBM/Lotus, Oracle, Sun Microsystems, iLog and various hardware and software vendors. Its subsidiary, Aura Media Pte Ltd is a multimedia production house specializing in the development of creative concepts and solutions through multimedia and information technology. The Investment Agreement and Shareholders Agreement were signed on 3rd March 2000. Based on the current market price of Ossia's ordinary shares, the total investment by Ossia for the above acquisitions are not expected to have a material effect on the net tangible assets and earnings per share of the Group in the current financial year. None of the directors or substantial shareholders of the Group has any interest in the above transactions, except for Mr Gan Kim Yong, an independent director; who holds 7.5% of the ordinary share capital of Liahoni Consulting Pte Ltd. By order of the Board Tang Cheng Lin Company Secretary Submitted by Chan Shuh Chet, Corporate Finance Manager on 07/03/2000 to the SES |
| (Post 24 of 225) 03/08/2000.10:10:00 |
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Ossia International unit to buy stakes in internet companies Ossia International Ltd said wholly-owned subsidiary, Tobicus Investments Pte Ltd has proposed buying stakes in several internet companies. In a statement, the company said Tobicus has proposed buying a 33.3 pct stake in People.com Pte Ltd, a 30 pct stake in Liahoni Consulting Pte Ltd, a 14.3 pct stake in Ace-Inflo Solutions Pte Ltd and its subsidiary, Aura Media Pte Ltd, for 75,000 sgd, 240,000 sgd and 3.0 mln sgd respectively. People.com and Ace-Inflo Solutions are business-to-business e-commerce companies, while Liahoni Consulting and Aura Media are infrastructure service providers. People.com offers online executive recruitment and human resource consulting services. Liahoni Consulting is an out-sourced service provider that provides a vertical range of IT consulting services, solutions and software broking services for the banking and finance industry. Ace-Inflo Solutions is a net generation software company that specializes in the development of secure, industrial-focussed supply chain management solutions. Its subsidiary, Aura Media is a multimedia production house specializing in the development of creative concepts and solutions through multimedia and information technology. |
| (Post 25 of 225) 03/31/2000.05:43:00 |
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Ossia acquires stakes in 3 internet companies Ossia International Ltd said it has bought stakes in three internet-related companies for a total of 1.045 mln sgd. It said it bought a 50 pct stake each in Indian company DevCentre.SG Pte Ltd and unit DevCentre Software SG Pte Ltd, and a 51.0 pct stake in XMC Technologies Sdn Bhd of Malaysia |
| (Post 26 of 225) 04/03/2000.09:26:00 |
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Ossia Intly seeks to acquire 56 pct stake in China ops Ossia International Ltd said it will acquire a 56 pct stake in Ossia International (China) Ltd through its unit Ossia International (Hong Kong) Ltd. Ossia China is jointly owned by Ossia Hong Kong, Marubeni Hong Kong Corp and Yue Yuen Industrial Holdings Ltd unit Selangor Gold Ltd. Ossia Hong Kong will "join forces" with Marubeni to expand the footwear business of Hush Puppies and Elle into China, an Ossia International statement said. Marubeni is currently the licensee for Hush Puppies footwear in China. Yu Yuen, for its part, will support the partnership on product sourcing and management know-how. Ossia International also entered into a deal to raise its equity in Prince Sports (Hong Kong) Ltd to 85 pct from 66 pct, the statement added. The remaining 15 pct will be held by Simon Wong, managing director of Prince Sports. |
| (Post 27 of 225) 04/03/2000.09:34:00 |
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Ossia 1999 net profit pre-extras 2.340 mln sgd vs loss 2.252 mln Ossia International Ltd 1999 results: Net profit pre-extras - 2.340 mln sgd vs loss 2.252 mln Extraordinary loss - 12.220 mln sgd vs loss 3.201 mln Net loss - 9.880 mln sgd vs loss 5.453 mln Sales - 120.839 mln sgd vs 102.295 mln Pretax profit - 2.651 mln sgd vs loss 1.193 mln EPS - 1.0 cent vs loss per share 1.20 Final div - 0.10 cent; unchanged |
| (Post 28 of 225) 04/03/2000.11:25:00 |
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Ossia unit proposes acquisition SINGAPORE, April 3 (Reuters) - Sporting goods and apparel dealer Ossia International Ltd said on Monday its 80 percent-owned unit, Ossia International (Hong Kong) Ltd proposed to acquire 56 percent of Ossia International (China) Ltd. Ossia International (China) is a joint venture between the Ossia Hong Kong company and two multinational corporations, Marubeni Hong Kong Corp and Yue Yuen Industrial (Holdings) Ltd's subsidiary, Selangor Gold Ltd. Ossia International said in a statement it had also entered into an agreement to increase its stake in Prince Sports (H.K.) Ltd to 85 percent from 66 percent with effect from October 31, 1999. The company said the joint venture and increase in stake were not expected to have a material impact on its net tangible assets and earnings per share in the current financial year |
| (Post 29 of 225) 04/04/2000.05:49:00 |
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Ossia appoints former Singapore Exchange president as chairman Ossia International Ltd said it has appointed former Singapore Exchange president Lim Choo Peng as chairman of the company. Lim retired as president of Singapore Exchange in January this year after the former Stock Exchange of Singapore and former Singapore International Monetary Exchange were merged |
| (Post 30 of 225) 04/06/2000.06:17:00 |
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OSSIA INTERNATIONAL LIMITED Ossia International Limited ("Ossia"), has through its wholly owned subsidiary, Tobicus Investments Pte Ltd ("Tobicus"), agreed to a strategic merger (the "Merger') of its cyber lifestyle e-commerce hub, gatecrash.com with dstore.com, a leading online shopping portal in Australia. The gatecrash.com portal is owned by Gatecrash.com Corp Pte Ltd ("Gatecrash") which is a subsidiary of Tobicus, whereas dstore.com portal is owned by dstore Pty Ltd ("dstore"). The Merger involves a share swap between Tobicus and dstore, pursuant to which Tobicus will sell all its share interests in Gatecrash to dstore in consideration for the issuance of new shares in dstore to Tobicus or its nominee. The parties will enter into a formal agreement to give effect to their full intentions. The share swap values Ossia's investment through Tobicus in Gatecrash, acquired about three months ago, at close to 20 times the original cost of investment. The share swap is expected to be completed in the second quarter of 2000 whereupon Gatecrash will cease to be a subsidiary of Tobicus and Tobicus will become a significant shareholder in dstore. In addition, dstore and Ossia have agreed to a three year fulfillment and distribution co-operation, whereby Ossia will provide access to product supply, fulfillment, and distribution across seven Asian countries. Ossia will benefit from product sales to dstore for the next three years. The parties will enter into a formal agreement to give effect to their full intentions. The Merger is conditional, inter alia, upon all relevant governmental or statutory approval relating thereto being obtained, in particular, the approval of the Australian Foreign Investment Review Board, and the simultaneous execution of a formal co-operation agreement. dstore will leverage on Gatecrash's subscriber base of over 50,000 to establish the base for dstore's Asian operations. The combined Gatecrash/dstore team is expected to grow to over 50 personnel within four months. dstore Singapore is expected to be launched in June, with Hong Kong and Malaysian sites to follow later this year. The company also plans to use Hong Kong as a base from which to launch into greater China in 2001. Mr George Goh, Deputy Chairman of Ossia, said the alliance presented enormous opportunities for both companies:- "Ossia prides itself on its understanding of the Asian consumer. We believe that online shopping in Asia is a sleeping giant waiting to be awoken by a merged Gatecrash/dstore. The company's outstanding management and remarkable investor base has caused us to believe that dstore has what it takes to become the no.1 online retail player across Asia. The company's powerful position in Australia augurs well for its Asian activities." Mr David Gold, CEO of dstore, said the merger presented excellent opportunities to reach a potential audience of more than 37.1 million Internet users in Asia ;- "Gatecrash.com gives dstore immediate access to more than 50,000 subscribers across Asia and a broad base of online shoppers. This number is expected to reach over 200,000 by the end of 2000 as dstore expands into other parts of Asia. This is not only a strategic move to capture the Asian market but comes at a time when countries in the region are racing to get connected with projects like Singapore's 'wired island', Malaysia's multimedia super corridor and Hong Kong's cyberport." This transaction is not expected to have a material impact on the net tangible assets and earnings per share of Ossia International Limited in the current financial year. None of our directors or substantial shareholders of the Group has any interest in the above transactions. By Order of the Board George Goh Ching Wah Deputy Chairman Submitted by Ng Guat Min, Regional Financial Controller on 5 April 2000 to the SES |
| (Post 31 of 225) 04/06/2000.10:23:00 |
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Ossia unit Tobicus to merge Gatecrash.com with dstore.com Ossia International Ltd said wholly-owned unit Tobicus Investments Pte Ltd will merge its lifestyle e-commerce hub, Gatecrash.com, with the Australian shopping portal dstore.com. The merger will involve the exchange of an unspecified number of shares between Tobicus and dstore with Tobicus selling all its share interests in Gatecrash to dstore and new shares in dstore being issued to Tobicus or its nominee. The deal is expected to be completed in the second quarter. |
| (Post 32 of 225) 04/14/2000.09:04:00 |
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Ossia seeks listing of internet units: report Ossia International is planning to list its internet units through a holding company as part of its attempt to convert itself into a global technology company, the Straits Times reported, quoting deputy chairman George Goh. Goh said the company is looking at listing either in Singapore, Hong Kong or NASDAQ, although multiple listings are also being considered. "Any Asian internet player who wants to make it big needs the link to the U.S., so NASDAQ is a priority." The plan is aimed at converting the company from a sports goods distributor into an international technology company, he said. Ossia last year bought Gatecrash.com, its first internet company. It earlier announced it will combine Gatecrash.com with dstore.com of Australia. |
| (Post 33 of 225) 05/07/2000.20:46:00 |
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Eka Your comment is out dated. This is a dot gone era. Profit is the name of the game not dot gone |
| (Post 34 of 225) 05/08/2000.03:39:00 |
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Cid, for your info, our dear Eka is only helping us by posting the relevant news and annoucements here and it is not her comments and all of us here appreciate it very much. thank you. |
| (Post 35 of 225) 05/08/2000.08:19:00 |
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Newbies to online forums should take some time to look around and explore before jumping in and post messages that make a fool of themselves. |
| (Post 36 of 225) 05/08/2000.08:32:00 |
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Er, Don't you think your comment is a tad too harsh. It is at these online forums that people get to share and learn their mistakes. So give those newbies a break yah. Me included among the newbies. How is SI to grow without this infusion of newbies yah? |
| (Post 37 of 225) 05/08/2000.09:47:00 |
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Folks, we are all here to have fun. Eka's postings are valued, as are Cid and Er (a combined brew more potent than cider). Thanks to all for making this a wonderful and lively forum. Wokman |
| (Post 38 of 225) 05/08/2000.10:15:00 |
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Hello Er New comers to Si Forum normally would seek out to do the following: Learn from the experiences of present cast of participants at the forum. Request for help by way of navigation, information, tips, opinion, and for those really new at share trading, to try to formulate a plan for share trading and at the same time bounced their idea at this forum. When they have sufficient confidence to participate fully at the forum itself. I have been thinking aloud that it may be useful to suggest to Si to set up a specific "navigation guide for new comers" comprising: 1. Navigate Si Sitemap with plenty of "how-to" instruction like eg. using italics, colours, graphics for postings. 2. Navigate to investment advices of Homepages from experience forunners like Mossie, Mccool, Superbullish, Carol, Willylim, Old-timer, Oldman, Dennis-Dozen, Silverbullet, and many others. Each Investment topic be fine-tuned to specific usual questions any new comer will ask. 3. Navigate to TA advice, how to use it, what are the common pitfalls to watch out for, where further information can be obtained. 4. Navigate to a recommended investment booklist site where forunners have given them recommendations and why each particular book willl have certain worthwhile features to look at. Er, perhaps you can help by contributing more suggestions as to what other features should a new comer site consists of so that Si management team with more inputs from people like us would have the benefit of making Si forum even better than ever for everyone of us, new or old, men or women. Wokman, would you welcome to incubate such an idea and get more feedbacks from forunners, for new comers, more than others need more help than existing forunners and increasing different viewpoints, sharing of experiences can only make us better in decision making, especially when it comes to SGX. |
| (Post 39 of 225) 05/08/2000.10:44:00 |
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Good Morning, Pnd,  ......i'm flattered...head swelling ... but i do not deserve such a compliment...i'm still learning, very much from others like u .... much more than i can give ... my sharing probably comes from wanting to be a kaypoh more than anything else....*grin* Pleasant day...:) |
| (Post 40 of 225) 05/08/2000.10:54:00 |
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Good Morning, Carol, You are at your usual self, very modest and if you consider yourself a kaypoh, we sure need more kaypohie like you. What a nice head shaking graphics and word surround movement. You know, long time ago, when I inserted such a graphic in then SBC (now TCS), just creating such a similar graphics using radio shack/omega system cost us 25,000 dollars. Now you can have such a beautiful graphics at zero cost. Life sure have changed more the better! |
| (Post 41 of 225) 05/08/2000.11:20:00 |
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Pnd, Thanks for feedback and suggestions. From talking to forumers and newbies even before the birthday bash, we were already getting a sense of that. Hence, Oldman started a thread of discussion on Tutorials. And then I chipped in on No Such Thing As A Stupid Question. Yes, we need to formalise a section on how to help newbies. From the feedback on both these threads, and previous discussions, we are moving towards precisely that. This way, we avoid repetition and yet keep it dynamic. You will find that we are constantly adding new features. This means that we will have even more questions on how to use these new features. We are also working on a new look, and once that is done, it will be a good opportunity to incubate these ideas a little more formally. Thanks again. Wokman |
| (Post 42 of 225) 05/08/2000.11:38:00 |
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One more thing, for more discussion on help functions and how to navigate the site, let's move this to No Such Thing As A Stupid Question. |
| (Post 43 of 225) 05/08/2000.11:39:00 |
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One more thing, for more discussion on help functions and how to navigate the site, let's move this to No Such Thing As A Stupid Question. |
| (Post 44 of 225) 05/08/2000.12:02:00 |
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Oldman, I would like to thank you for your postings of Tutorial One to Five. Only find time to read them last night and had gone through some twice. These postings are invaluable to me as it beats navigating blindly by trial and error. Belated thank you also, for your reply to my email on how to attach mails send by my broker which might interest people here(still have to try it out). I am no techqie on top of being a newbie, but I really appreciate the patience and time(which means $) that many have had expended to educate me. I am learning by observing whenever time allows, like now after my children go to school. To all, if you would bear with me I salute you!!! Regards. |
| (Post 45 of 225) 05/08/2000.12:16:00 |
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Hi Pnd(patience and discipline, did I rem correctly?)! I like your thoughts on: (1)"How-to" instruction: I still haven't got the hang of using colours, italics, etc. Had tried but failed in my recent postings, so resort to b/w(black on white). (2)Had visited some of the said homepages and found *gems* in there! (3)What is TA? (4)What is the meaning of booklist? Any relation to stock-tips? Thanks! |
| (Post 46 of 225) 05/08/2000.12:22:00 |
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Hi Coral, Just go to Forum....then Formatting...all instructions are there... |
| (Post 47 of 225) 05/08/2000.13:03:00 |
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Hi Coral TA refers to Technical Analysis FA refers to Fundamental Analysis Booklist refers to books recommended by many forunners who found great value and insights into shares and stocks trading. For example, I found one low cost item S$6.00 only - SHARES INVESTMENT facts and figures sold at 7-Eleven. Cheap and Good, all stocks listed, quick financial summary, and for more detail opinion I visit Si forum homepages to get some kind of historical and current opinion. If I find a share that arouses my profit instinct, I go into a detail read of the company at their website, if not asked for their annual report, go to the SGX website site, look for past and current announcement. If not satisfied still, called my broker and asked him to send me as much information has he got for my further research. If the counter still looks good, then I put it in my Watchlist and track its current performance. If price is right buy, if not, no harm waiting till it comes into your buying-in zone price. But if my research indicates the counter is a definite no-no according to my own risk profile - then I save the researched material and put a tag - to review in 6 months time, and excluded from my watchlist. So sorry lah, being old we tend to talk too much in answering questions! |
| (Post 48 of 225) 05/08/2000.13:45:00 |
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Ah, responses as expected. I've posted a reply to Alf666, Wokman & Pnd at the thread below, as suggested by Wokman, since it's kinda out-of-topic over here: http://www.shareinvestor.com/sg/forum/messages/9/11642.html?MondayMay820000206pm |
| (Post 49 of 225) 05/31/2000.03:50:00 |
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Ossia unit buys 3.0 pct stake in internet co for 2.213 mln sgd SINGAPORE (AFX-ASIA) - Ossia International Ltd said its wholly-owned unit Tobicus Investments Pte Ltd has purchased a 3.0 pct stake in Jobs DB Holdings Ltd for 2.213 mln sgd. Jobs DB is a vertical business-to-business e-commerce company providing on-line recruitment services. It has operations in Asia and the U.S. Ossia closed up 0.13 at 0.63 sgd on 675,000 shares. mbe/gc |
| (Post 50 of 225) 05/31/2000.03:51:00 |
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Ossia unit invests 5.21 mln sgd in 2 internet cos SINGAPORE (AFX-ASIA) - Ossia International Ltd said its wholly-owned unit Tobicus Investment Pte Ltd has spent 5.21 mln sgd to acquire 51 pct of X-Media Technologies Pte Ltd and 20 pct of Promedia Directories Pte Ltd. Promedia, formed in 1992, is a business-to-business e-commerce company providing a comprehensive and detailed source of business information. X-Media, meanwhile, was set up in 1996 as a networking solutions provider and systems integrator. mbe/gc |
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