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| MediaStream (formerly Form Hldgs) |
(Post 1 of 124) 05/05/1999.11:02:00 |
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I won't touch this company with a long pole. They are distributors of CDs and you and I know how thin these margins are and that there are alternatives. Hence, even if there is a white knight, there may be nothing worth to salvage. Form lost a whooping $17 mil against a profit of $1.6 mil the year before. Their revenues collapsed over 30% and their short term loans have ballooned. Interest alone is at $1.9 mil! The quoted NTA is 1.39 cts. If not for the current stock market boom, Form should be trading near the 5cts level, a level where the high risk options punters will enter. |
| (Post 2 of 124) 05/05/1999.15:45:00 |
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Form, Supercof..the guy in StockTalk really shouted up the price???..eom |
| (Post 3 of 124) 05/25/1999.18:26:00 |
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Be aware that there is an announcement today that FORM has sold a 3 storey shop house in JB. I am not sure if this represents the first of its asset sales....If so, the health of the company may not be that good. |
| (Post 4 of 124) 08/03/1999.17:28:00 |
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Announced in BT today : Financially-troubled Form Holdings is seeking shareholder approval at the end of the month for its plans to raise additional capital to enable it to continue as a going concern. Form shareholders will decide on Aug 26 whether to approve the proposed issue of 300 million new shares at five cents a share to Irisca Investments, which is owned by Form's white knight, George Thia. The company is also seeking shareholder approval for a one-for-four rights issue of around 98 million new shares at five cents each. Following the acquisition of the option shares -- amounting to $15 million and making up 76.3 per cent of Form's enlarged share capital -- Irisca will launch a general offer at an undisclosed price for the remaining Form shares. Sesdaq-listed Form said the proposed issue of option and rights shares will raise about $19.5 million in net proceeds. Around $14.4 million will go towards repaying bank loans and the remainder used for working capital. At the end of June, former investment banker and stockbroker George Thia emerged as the white knight for Form in a deal that would clean up the company's balance sheet and give him a majority stake. BT understands that Irisca plans to keep Form's listed status. |
| (Post 5 of 124) 09/01/1999.11:02:00 |
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OVERSEA-CHINESE BANKING CORPORATION LIMITED FORM HOLDINGS LIMITED (A) PROPOSED ISSUE OF 300 MILLION NEW ORDINARY SHARES OF $0.05 EACH ("OPTION SHARES") IN THE CAPITAL OF FORM HOLDINGS LIMITED ("COMPANY") TO IRISCA INVESTMENTS PTE LTD AND/OR ITS NOMINEE(S) ("OPTION SHARE ISSUE"); (B) PROPOSED RIGHTS ISSUE OF 98,322,170 NEW ORDINARY SHARES OF $0.05 EACH ("RIGHTS SHARES") IN THE CAPITAL OF THE COMPANY ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY FOUR EXISTING SHARES HELD ("RIGHTS ISSUE"); (C) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANY; (D) PROPOSED GENERAL MANDATE TO ISSUE NEW SHARES; AND (E) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION (COLLECTIVELY, "PROPOSALS"). The Directors of the Company are pleased to announce that the Stock Exchange of Singapore Limited ("SES") has, on 31 August 1999, granted in-principle approval for the listing of and quotation for the Option Shares and the Rights Shares on the Stock Exchange of Singapore Dealing and Automated Quotation System subject to, inter alia, a one year moratorium after the Option Share Issue and Rights Issue on the entire shareholding of the new controlling shareholder. The members of the Company have, at an extraordinary general meeting of the Company held on 26 August 1999, approved all the resolutions pertaining to each of the above Proposals. Issued by Oversea-Chinese Banking Corporation Limited For and on behalf of Form Holdings Limited Submitted by Diong Chea Ming, Vice President, Corporate Finance on 01/09/1999 to the SES |
| (Post 6 of 124) 09/06/1999.20:05:00 |
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If you buy into this, you must truly believe in the capabilities of the white knight and his team. The way I read the deal is that the white knight puts in $15 mil, the rights will raise a further $4.5 mil and out of this total of $19.5 mil, $14.4 mil goes to pay debt, leaving just $5 mil to turn the business around. Now $5 mil is not enough to buy any sizeable businesses to inject into Form. Hence, they have be very confident of changing the fortunes of Form with just this $5 mil. The other assumption is that the debt is not mounting as we speak. I think the risk is too high for me to go into this one. ------------------------------------------------- On 22 June 1999, the Directors of Form Holdings Limited (the "Company") announced that the Company had entered into an agreement (the "Option Agreement") with, inter alia, Irisca Investments Pte Ltd (the "Offeror"), pursuant to which the Company granted to the Offeror a right to subscribe for and to require the Company to allot and issue to the Offeror and/or its nominee(s) 300,000,000 new ordinary shares of S$0.05 each in the capital of the Company at par (the "Option Shares") and the Offeror granted to the Company a right to require the Offeror to subscribe for the Option Shares, subject to, inter alia, the approval of the Stock Exchange of Singapore Ltd ("SES") for the listing of and quotation for the Option Shares and the approval of the shareholders of the Company. The Company's shareholders approved, inter alia, the issue of the Option Shares at an extraordinary general meeting held on 24 August 1999. The SES has, on 31 August 1999, also granted in-principle approval on the listing of and quotation for the Option Shares.Pursuant to the Option Agreement, the Offeror has, on 6 September 1999, exercised its right to subscribe for and to require the Company to allot and issue to the Offeror and its nominees the Option Shares for a total consideration of S$15,000,000. Following the issue of the Option Shares, the Offeror and parties deemed to be acting in concert with it will own or control in aggregate 300,000,000 shares of par value S$0.05 each in the issued share capital of the Company ("Shares"), representing approximately 76.3 per cent. of the enlarged issued and paid-up share capital of the Company, as follows:- Irisca Investments Pte Ltd : 60,000,000 Shares Frandeur Holdings Pte Ltd ("Frandeur") : 60,000,000 Shares Marison Investments Limited ("Marison") : 60,000,000 Shares Mr George Thia Peng Heok : 55,000,000 Shares Mrs Anna Thia nee Lim Bee Lian : 20,000,000 Shares Mr Ong Chen Leng : 20,000,000 Shares Dr John Choy Chee Tuck : 10,000,000 Shares Ms Jessie Thia Hong Hwee : 7,000,000 Shares Mr Bryant Hwang Tchun Thau : 5,000,000 Shares Mr Ow Hin Jiu : 3,000,000 Shares The OfferIn accordance with Rule 33 of the Singapore Code on Takeovers and Mergers and Section 213 of the Companies Act, Chapter 50 (the "Act"), Vickers Ballas & Co. Pte Ltd wishes to announce, for and on behalf of the Offeror, that the Offeror will make an unconditional takeover offer (the "Offer") for all the remaining shares of the Company in issue not already owned, controlled or agreed to be acquired by the Offeror and any party acting in concert with it (the "Offer Shares") on the following terms:- For each Offer Share : S$0.05 in cashEach Offer Share will be acquired free from all liens, charges, pledges and other encumbrances and together with all rights attached thereto as at the date of this Announcement and hereafter attaching thereto, including the right to all dividends, rights and other distributions (if any) declared, paid or made thereon hereafter and including all entitlements under the Rights Issue (as defined below). The Offer will be unconditional in all respects.Neither the Offeror nor any party acting in concert with it has received any irrevocable undertaking from any shareholder of the Company to accept or reject the Offer.Information on the Offeror and the concert partiesThe Offeror was incorporated in the Republic of Singapore on 11 June 1999 as a private limited company. The principal activity of the Offeror is that of investment holding. Save for the acquisition of the Option Shares and the Offer, it has not carried out any business since its incorporation. As at the date hereof, the authorised share capital of the Offeror is S$100,000 comprising 100,000 ordinary shares of S$1.00 each and the issued and paid-up share capital was S$100,000 comprising 100,000 ordinary shares of S$1.00 each. All the shares of the Offeror are owned by Mr George Thia and Ms Jessie Thia. Ms Jessie Thia is the sister of Mr George Thia.Mr George Thia is a Certified Public Accountant by training and was previously a merchant banker and stockbroker. He qualified as an accountant with Cooper Brothers & Co. (now known as PricewaterhouseCoopers). He has held positions of managing director with Morgan Grenfell (Asia) Ltd, Merrill Lynch International Bank Ltd (South East Asia), Sun Hung Kai Securities Pte Ltd (Singapore) and Lum Chang Securities Pte Ltd. He was also a director and partner of Kay Hian Stockbrokers (now known as Kay Hian Private Limited). Mr George Thia was previously the managing director of listed AsiaMatrix Limited (now known as AsiaMedic Limited), which was in the business of plastic injection moulding prior to the take-over of the company by Vasidon Holdings Pte Ltd in 1995. He is currently in the business of management consultancy. Mr George Thia is a substantial shareholder and the executive chairman of the Wilmont Asia Group, which is principally engaged in the design, sales and marketing of plastic trays used in the manufacture of semiconductor chip packs. Mr George Thia holds directorships in Mendaki Holdings Private Limited and Scotchbrook Communications International Ltd. He is also a director and a member of the audit committee of Metroplex Berhad and IDT Holdings (Singapore) Limited. He is a member of both the Asian Advisory Board of Fiduciary Trust International Asia Limited and the Supervisory Board for the Mendaki Unit Trusts. Ms Jessie Thia is an administrative manager at a private school.Frandeur and Marison are companies incorporated with limited liability. The shares of Frandeur are held by Mr George Thia and Ms Jessie Thia. The shares of Marison are held by Mr George Thia and Mr Ong Chen Leng. Mrs Anna Thia is the wife of Mr George Thia and Mr Ong Chen Leng is a friend of Mr George Thia. Irisca intends to procure the appointment of Mr George Thia, Dr John Choy, Mr Ow Hin Jiu and Mr Bryant Hwang as Executive Chairman, Deputy Chairman, Director and General Manager and Business Development Manager, respectively, of the Company. Dealings in shares of the Company It was announced by the Company on 22 June 1999 that the Offeror intends, upon the conclusion of the Offer, to procure that the directors of the Company call for a rights issue of 98,322,170 new Shares (the "Right Shares") in the ratio of one Rights Share for every four Shares held, subject inter alia to the approval of the SES for the listing and quotation of the Rights Shares and the approval of the shareholders of the Company (the "Rights Issue").In the same announcement, it was stated that the Offeror intends to propose that if shareholders of the Company as at the books closure date determined in respect of the Rights Issue other than the Offeror and/or its nominee(s) apply for excess Rights Shares under the Rights Issue, the Offeror and/or its nominee(s) will renounce in favour of such shareholders from their own Rights Issue entitlements, the corresponding number of excess Rights Shares applied for, up to a maximum of an equivalent of three times such shareholders' Rights Issue entitlements, to the extent that such shareholders will effectively have a Rights Issue entitlement of one Rights Share for every one Share held. On the basis of the foregoing, the Rights Issue will be fully underwritten by Warburg Dillon Read & Associates (Singapore) Pte Ltd ("WDRA"). It was further stated in the announcement that WDRA will also enter into an agreement with the Offeror whereby any such underwriting shortfall shall be placed to the Offeror and/or its nominee(s).As at the date of this Announcement, save for the Option Shares and Rights Shares, neither the Offeror and its directors nor the nominees of the Offeror pursuant to the Option Agreement and their respective directors owns, controls or have agreed to acquire any share in the Company. Further, neither the Offeror and its directors nor the nominees of the Offeror and their respective directors have dealt in value in any shares in the Company during the 12 months preceding the date of this Announcement. |
| (Post 7 of 124) 09/30/1999.01:18:00 |
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Irisca plans to expand Form Holding businesses SINGAPORE (AFX-ASIA) - Irisca Investments Pte Ltd, which is making a takeover offer for Form Holdings, said it intends to revive and expand Form's existing businesses. Irisca said in its offer document it will conduct a comprehensive review of Form's existing businesses and develop a new business plan to position the group as a high-technology service provider for the movie, music, media and communication industries. Irisca made a unconditional cash offer of 0.05 sgd per share, after it completed the share option exercise which gave Irisca a 76.3 pct stake in Form. Irisca added that on completion of the offer, its controlling shareholder George Thia shall become Form's executive chairman, with John Choy as deputy chairman, Ow Hin Jiu as director and general manager, and Bryant Hwang as business development manager. Irisca also said it intends to maintain Form's listing status and has agreed to place out with Warburg Dillon Reed & Associates shares of Form if Irisca's shareholding exceeds 90 pct. ah/gms AFN GXY89-29Sep99 09:59 GMT AFX ; ASIA ; |
| (Post 8 of 124) 10/06/1999.10:05:00 |
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Is Irisca trying to buy shares from us at $0.05? or did I read wrongly? The existing value now is definitely much higher. Any Form shareholders out there care to comment. |
| (Post 9 of 124) 10/22/1999.06:20:00 |
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VICKERS BALLAS & CO PTE LTD ANNOUNCEMENT OF LEVEL OF ACCEPTANCES UNCONDITIONAL CASH OFFER (THE "OFFER") BY IRISCA INVESTMENTS PTE LTD (THE "OFFEROR") FOR FORM HOLDINGS LIMITED ("FORM HOLDINGS") ANNOUNCEMENT OF LEVEL OF ACCEPTANCES Vickers Ballas & Company Pte Ltd announces, for and on behalf of the Offeror, that as at 3.30 p.m. on 21 October 1999, being the closing date ("Closing Date") of the Offer, the Offeror has received, pursuant to the Offer, valid acceptances in respect of 337,000 issued ordinary shares of $0.05 each in the issued share capital of Form Holdings ("Shares") other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it ("Offer Shares"), representing approximately 0.1 per cent. of the issued share capital of Form Holdings as at the Closing Date. As at the date of the announcement of the Offer on 6 September 1999, the Offeror and parties acting in concert with it owned or had agreed to acquire an aggregate of 300,000,000 new Shares ("Option Shares"), representing approximately 76.3 per cent. of the enlarged issued and paid-up share capital of Form Holdings, pursuant to an agreement entered into between Form Holdings and, inter alia, the Offeror on 24 June 1999 ("Option Agreement"). From the date of the announcement of the Offer on 6 September 1999 to the Closing Date, apart from acceptances received under the Offer and the issue of the Option Shares to the Offeror pursuant to the Option Agreement, the Offeror and parties acting in concert with it have not acquired or agreed to acquire any Offer Shares. Together with the valid acceptances received by the Offeror for the Offer Shares, as at the Closing Date, the Offeror and parties acting in concert with it own or control 300,337,000 Shares, representing approximately 76.4 per cent. of the enlarged issued share capital of Form Holdings as at the Closing Date. As stated in the Offer Document dated 29 September 1999, the Offeror does not intend to extend the Offer beyond 3.30 p.m. on 21 October 1999 nor does it intend to revise the terms thereof. Accordingly, any acceptances received after 3.30 p.m. on 21 October 1999 will be rejected. Remittances in the form of cheques for the appropriate amounts rounded to the nearest cent will be despatched to accepting holders of Offer Shares ("Shareholders") (or their designated agents, as they may direct, in the case of Shareholders whose share certificates are not deposited with The Central Depository (Pte) Ltd), by ordinary post and at the risk of accepting Shareholders, within 21 days after the receipt by the Offeror of all the relevant documents complete in all respects and in accordance with the terms set out in the Offer Document dated 29 September 1999 issued by Vickers Ballas & Company Pte Ltd for and on behalf of the Offeror. The Directors of the Offeror (including any who may have delegated detailed supervision of this announcement) have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate and that no material facts have been omitted from this announcement, and they jointly and severally accept responsibility accordingly. Issued by Vickers Ballas & Company Pte Ltd For and on behalf of Irisca Investments Pte Ltd 21 October 1999 Singapore Submitted by Mah Kah Loon, Vice President, Capital Markets on 21/10/1999 to the SES |
| (Post 10 of 124) 11/10/1999.03:08:00 |
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dated AFN JLV84-05Nov99 10:28 GMT Forms Holdings unit music distribution accord with Zomba Records expires SINGAPORE (AFX-ASIA) - Form Holdings Ltd said unit Form Music Publication Pte Ltd's music distribution agreement with Zomba Records Ltd has expired on Sept 30. Under the agreement, Form Music was granted rights to distribute music albums by artists such as Backstreet Boys and Britney Spears in Singapore and Malaysia. The distribution deal with Zomba Records accounted for 470,000 sgd of the 5.25 mln sgd contributed by Form Music to Form Holdings' turnover of 10.34 mln sgd in the first half. Form Music is now actively pursuing distribution agreements with other companies. |
| (Post 11 of 124) 11/20/1999.07:46:00 |
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With the price surge, Mr Ang sold 4.9 mil shares on the 18th to reduce his holdings to 33 mil or 8.4%. Guess, a lot of these must now be with the retail investors. |
| (Post 12 of 124) 01/18/2000.13:04:00 |
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FORM HOLDINGS LIMITED 18 January 2000 The Listings Manager Singapore Exchange Securities Trading Limited 20 Cecil Street #26-00 The Exchange Singapore 049705 Dear Sir SUSPENSION OF TRADING OF SHARES We wish to request for a suspension in the trading of shares of Form Holdings Limited with immediate effect pending the issue of an announcement. Yours faithfully |
| (Post 13 of 124) 01/18/2000.18:02:00 |
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Form Holdings/SMB United/StockGroup.com Media form Asia internet JV Form Holdings Ltd and SMB United Ltd said they have signed a joint venture and licensing agreement with StockGroup.com Media of the U.S. to develop a string of internet portals that will serve stockmarket investors throughout the Asia-Pacific region. Both Form and SMB are investing 950,000 sgd each in the joint venture, which will be known as Asia Exchange Information Service Pte Ltd (AsiaXIS), they said. AsiaXIS' first web site will be a joint venture with Form Holdings and will cover the Singapore stockmarket. AsiaXIS will use technology licenced from StockGroup.com to provide various data and analysis via both free and subscription services. |
| (Post 14 of 124) 01/19/2000.02:50:00 |
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Form Holdings/SMB United/StockGroup.com -- 2 (holdings in JV) Form and SMB, the main cash contributors to AsiaXIS, will each have a 28. 27 pct stake, StockGroup, in return for providing the technology, will receive a 19.24 pct interest plus some 700,000 sgd in cash, and the remainder of the joint venture will be owned by two individuals, Form and SMB said. AsiaXIS will develop its portals in other markets in partnership with local firms and individuals so as to overcome regulatory hurdles regarding foreign ownership limits, they said. AsiaXIS intends to generate revenues via subscriptions and advertising, they added. |
| (Post 15 of 124) 01/28/2000.08:26:00 |
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FORM HOLDINGS LIMITED 27 January 2000 Singapore Exchange Limited 20 Cecil Street #26-01/08 The Exchange Singapore 049705 Attention: Ms June Sim Vice President Issuer Regulation Dear Sir BUSINESS VENTURE TO DEVELOP AND PROMOTE AN INTERNET FACILITY ("JOINT VENTURE") We refer to your letter of 26 January 2000 containing queries on the announcement dated 18 January 2000 issued by us in relation to our investment in Asia Exchange Information Services Pte Ltd. Please note that: (a) The source of revenue for the Joint Venture will be mainly from subscriptions from users and from advertisements. (b) The Joint Venture is targeted to be operational from the 2nd quarter of 2000 and revenue generating from the 3rd quarter of 2000. (c) The investment is not expected to have a material impact on the earnings for the current financial year of Form Holdings Limited. Yours faithfully For and on behalf of Form Holdings Limited Tan Mui Keow, Claire Company Secretary Submitted by Tan Mui Keow, Claire, Company Secretary on 27/1/2000 to the SES |
| (Post 16 of 124) 02/11/2000.21:45:00 |
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MACD(200/26)  MA(200/26)  Both chart suggest a buy for me... I dunno if it is correct. This is more like a syndicate play stock, so trade at your own risk |
| (Post 17 of 124) 02/13/2000.16:04:00 |
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Just as a background to the charts. Announcements from the company which can be found on the SES website reveals the following: The founding member of form, resigned last month on 28 Jan. A total of 30,767,560 rights shares at 5cts per share was allotted to him on 24 Dec 99 as a result of the rights issue. He holds at last count about 52,885,120 shares after 5mio has just been disposed by way of gift just a few days ago on 3 Feb. It would be interesting to see what he will be doing to the rest of his shares now that he is no longer a director of the company. |
| (Post 18 of 124) 03/03/2000.09:34:00 |
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This company should turn around it's biz by going into MP3 delivery of music? |
| (Post 19 of 124) 03/24/2000.06:50:00 |
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FORM HOLDINGS LIMITED The Directors of Form Holdings Limited ("FHL") are pleased to announce that FHL has accepted an offer to invest in the issued share capital of Digital One Pte Ltd ("D1"), a private limited company incorporated in Singapore and involved in the production of broadcast content to be delivered via various media including the television and the telephony networks. D1 was incorporated in Singapore and is in the process of increasing its authorised share capital to S$1 million. Currently, it has an issued share capital of 2 shares of S$1.00 each held by Boon Chin Aun ("Boon") and Jocelyn Wong ("Jocelyn"). In April 2000, D1 shall increase its issued share capital to S$200,000 by the issue of 49,999 new shares at par for cash to each of Boon and Jocelyn and 80,000 new shares and 20,000 new shares at S$2.00 each for cash to FHL and another private investor, respectively. The aggregate issued and paid-up capital of D1, at this stage will be S$200,000 divided into 200,000 shares of S$1.00 each, of which 40% of such share capital shall be held by FHL. D1 will be developing digital production and content for casting to broadcast, broadband as well as narrowband networks, and web-streaming. Such productions which will be enhanced with interactive and high-definition features, will be marketed to broadcasters regionally and internationally. D1 has been invited to participate in the digital terrestrial television trial to be undertaken in Singapore by National Transcommunication Limited ("ntl") which will be starting in April 2000. The Directors of FHL have stated in its Abridged Prospectus dated 29 November 1999 that "The strong growth in the internet and the increasing number of cable and television stations in the region, together with the continuing development of a communications and media hub in Singapore present opportunities for the Group in the business of providing services to the music, film, media and communications industries. Such industries are supported by both creative talents and high technology equipment. The Group has a team of talented and creative staff, some of whom hold equity interests in the Company's subsidiary, Form Frameworks Pte Ltd. The Group's equipment will be constantly reviewed and upgraded to meet the industries' needs. The Group is also exploring the expansion into complementary service areas, such as film and video services, 3-dimensional animation capabilities and the production of broadcast contents." Through its operating subsidiaries' facilities and services in sound recording, post production and animation, FHL is in a position to support and complement the business of D1. Boon and Jocelyn, both of whom are experienced persons who have been involved in digital television and studio productions, are the promoters who initiated the start-up of D1. Additional creative and support staff will be recruited, and where necessary, Boon and Jocelyn will access their network of professionals and/or the existing staff of FHL and its subsidiaries for consultation and or assignment in specific areas of work. The initial investment by FHL shall be S$160,000 for a 40 per cent interest in the issued share capital of D1. Additional capital injection would be required and it is currently envisaged that the aggregate investment in D1 by FHL shall be about S$1.0 million for the start-up digital broadcast business. The investment shall be funded from the cash balances currently available to FHL. FHL does not expect any immediate return on investment. There is no material impact on both the net asset value as at this date and the earnings for the current financial year of FHL. Mr George Thia and Dr John Choy, Executive Chairman and Deputy Chairman respectively of FHL shall join Boon and Jocelyn on the Board of Directors of D1. The fifth director on the Board of D1 will be Mr Boon Yoon Chiang who is the father of Boon. None of the Directors or substantial shareholders of FHL has any direct or indirect interest in this transaction. By Order of the Board Form Holdings Limited Tan Mui Keow, Claire Company Secretary 23 March 2000 Submitted by Tan Mui Keow, Claire, Company Secretary on 23/3/2000 to the SES |
| (Post 20 of 124) 03/24/2000.09:46:00 |
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Form Holdings agrees to take 40 pct stake in digital content production co Form Holdings Ltd said it has agreed to take a 40 pct stake in Data One Pte Ltd, a digital content production company aiming to sell content to both terrestrial broadcast and broadband companies. Form Holdings said it will initially invest 160,000 sgd in Data One. |
| (Post 21 of 124) 03/28/2000.05:39:00 |
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Form Holdings FY net loss 5.754 mln sgd vs loss 18.118 mln Form Holdings Ltd full-year 1999 Net loss - 5.754 mln sgd vs 18.118 mln Sales - 14.344 mln sgd vs 18.623 mln Pretax loss - 6.093 mln sgd vs 18.965 mln Loss per share - 2.86 cents vs 19.42 Final div - nil; unchanged The company said it expects to be profitable in 2000 amid improvements in regional economies. |
| (Post 22 of 124) 04/25/2000.03:57:00 |
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FORM HOLDINGS LIMITED NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at 39 Tampines Street 92, 6th Level, Form Industrial Building, Singapore 528883 on 17 May 2000 at 10.00 a.m. for the purpose of considering and if thought fit, passing with or without amendment the following resolution as a special resolution :- "SPECIAL RESOLUTION That subject to the approval of the Registrar of Companies, the name of the Company be and is hereby changed from "Form Holdings Limited" to "MediaStream Limited" and that the name "MediaStream Limited" be substituted for "Form Holdings Limited" wherever the latter name appears in the Memorandum and Articles of Association of the Company." BY ORDER OF THE BOARD TAN MUI KEOW, CLAIRE Company Secretary Singapore 24 April 2000 Notes :- 1. A member of the Company entitled to attend and vote at the Extraordinary General Meeting is entitled to appoint a proxy to attend and vote in his stead. A proxy need not be a member of the Company. 2. The instrument appointing the proxy must be lodged at 39 Tampines Street 92, Singapore 528883 not less than 48 hours before the time appointed for the Extraordinary General Meeting. Submitted by Claire Tan Mui Keow, Company Secretary on 24/04/00 to the SES |
| (Post 23 of 124) 05/18/2000.05:06:00 |
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Form Hldgs To Change Name Form Holdings Ltd. said it has obtained shareholders' approval to change its name to MediaStream Ltd. This is to reflect its plans to become a provider of support services for the music, film, media and communication industries. |
| (Post 24 of 124) 06/27/2000.22:20:00 |
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MediaStream Daily chart  Rdgs |
| (Post 25 of 124) 06/28/2000.11:10:00 |
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Someone bought 600 lots of MediaStream in one hit ! MediaStream is the new name for Form Hldgs after it has been bought over by George Thia. Wonder what's up. |
| (Post 26 of 124) 06/28/2000.11:23:00 |
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More buying in MediaStream now. To me, 2 factors in play for this counter: 1. The chart so kindly provided by Yeying yesterday showed very oversold indicators and, based on history, there is a good chance for a spike to $0.18-0.205 lvls. 2. MediaStream has a 50% JV with SMB Utd in web service provider AsiaXis.com. They are launching their web site tonight, which will present to the public what are their plans and revenue models. Besides these 2, I think with the recent change of management and ownership, there is renewed hope for better things to come from the former Form Hldgs. At current low price, downside risk is limited as company is not expected to go bust under new ownership right? Upside potential could be alot depending on their future plans and developments. |
| (Post 27 of 124) 06/28/2000.15:36:00 |
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Thanks for the beautiful chart YeYing. MediaStream volume surged today with rising price. Shortterm resistance at $0.165 if broken will test $0.18 n $0.205. The indicator turning up from extremely oversold lvl is beautiful. Some kind of triple bottom at $0.145 !! |
| (Post 28 of 124) 06/28/2000.15:59:00 |
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* Wavetrader * Thanks for the appreciation. Hope u will gain from Mediastream. Rdgs |
| (Post 29 of 124) 06/29/2000.14:37:00 |
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I have just been told to accumulate MediaStream here. They said George Thia and his people have been accumulating at $0.145-$0.155 recently. George was quoted that 2 of its internet investments will go IPO by the end of the year and this will create alot of value for MediaStream. He is transforming MediaStream into a high-growth internet company from the loss-making music/recording company. |
| (Post 30 of 124) 07/01/2000.13:20:00 |
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There's an interesting article about this at: www.smallcapcenter.com or www.stockgroup.com under "news". Came across it by chance. No vested interest. |
| (Post 31 of 124) 07/01/2000.13:41:00 |
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BUT dunno why this substantial s/holder (some Ang guy, please check SGX Info) keep selling at open market. |
| (Post 32 of 124) 07/01/2000.16:27:00 |
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ASIAXIS, founded in January this year, is a venture of MediaStream Limited, SMB United Limited,Stockgroup.com Holdings Inc. and two individual partners. Stockgroup.com owns a 19.4% interest in Asiaxis. ASIAXIS plans to launch a string of similar Web sites each dedicated to the coverage of its respective stock market in Asia. The next Web site is expected to launch in August this year as klse.asiaxis.com, covering the listed entities on the KLSE (Malaysia), followed by Hong Kong in the third quarter. "We are extremely pleased to have completed phase one of our Asian expansion strategy," stated Marcus New, Chairman and CEO of Stockgroup.com Holdings Inc. "To have done so with such efficiency and timeliness bodes well for the continuation of our expansion plans throughout Asia". Mr. George Thia, Chairman of MediaStream Ltd and Asiaxis added, "In partnership with Stockgroup.com we will link the stock markets and investors from Asia with North America and Europe making our combined force a web link covering most of the World's stock markets." "The first leg of our long-term diversification strategy has been realized," said Mr. Tan Ngiap Hong, CFO of SMB United and joint venture partner. "The technology and infrastructure from Stockgroup.com, coupled with their efficient delivery processes have resulted in a best-of-breed product with which to generate revenue for all the partners." |
| (Post 33 of 124) 07/01/2000.16:47:00 |
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Mr CB Ang sold 0.42% of his holdings on 28 Jun and still has 7.1%. So it is only a small percentage of his holdings. There can be a few reasons: 1. He is bearish the company. This is quite unlikely as it is now trading at a low, and the company has several new ventures coming up. 2. He needs the money for some personal reasons. This is likely and such situations have happened many times before to listed company substantial shareholders. Nothing to do with the prospects of the company. 3. Sometimes when a company is too tightly held, its share price doesnt move. So a substantial shareholder may 'release' some of his holdings to increase the share float. It will increase the liquidity and interest in the company. Such sceanrios have happened before too. 4. The substantial shareholder has made prior arrangements with a friendly investor (or some syndicate) to sell to the latter for accumulation. The increase in transaction volume will catch the eyes of other investors. Then the investor (or syndicate) who took that stake will start to push the price, generate more interest in the company/stock etc etc. Such a scenario has also happened before many times. If it is No. 3 and 4, it should be followed by some announcements of new deals, contracts etc to attract the interests of other investors. Note that Mr Ang sold his shares on 28 Jun, the day when MedisStream launches the asiaxis.com website. Therefore I think we should monitor this counter closely in the shortterm for possible play. It seems lately the play is on cheap, cheap counters below $0.30. |
| (Post 34 of 124) 07/01/2000.22:52:00 |
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I think it is just to churn. No harm especially if it results in attention being focused on co and in the process price moves up, his gain overall would be alot more than if he just sits still and do nothing. Notice he never sells below a certain price. |
| (Post 35 of 124) 07/03/2000.14:28:00 |
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Some invisible hand is going to push this counter and break its trendline resistance at $0.16. Check out the chart posted by Yeying on 27 June. |
| (Post 36 of 124) 07/03/2000.14:30:00 |
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Infoman, Wah Lau, you are the guru or the invisible hand itself ! Just when u posted, the big sellers at $0.155 all taken up...and suddenly huge buying at $0.15 ! |
| (Post 37 of 124) 07/03/2000.14:44:00 |
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more than HALF BILLION SHARES in this company BEWARE!!!!!! MARKET CAP ALREADY $80 MILLION AT THIS PRICE. ..no vested interest.. |
| (Post 38 of 124) 07/03/2000.14:47:00 |
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But the BEAUTY is that most of the shares are held by a few key shareholders eg. Mr Ang, Mr Thia etc. The actual floating shares are not much (abt 50-70 mln). In fact, I think Mr Ang sold some shares out recently to improve liquidity of this counter and attract new investors (or syndicates !). Haha. |
| (Post 39 of 124) 07/03/2000.22:43:00 |
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Warlock Only 491.6 million shares outstanding, unless my source is out of date already. I think the minimum free float for a SESDAQ listing is 15%. |
| (Post 40 of 124) 07/05/2000.10:05:00 |
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This counter has been sleeping for a long, long time. Its indicators are at extremely oversold lvls. Monitor it closely. Check out YeYing's chart posted on 27 June. When a spring is being compressed to the extreme, the bounce will be extra strong ! |
| (Post 41 of 124) 07/08/2000.22:29:00 |
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Every small value counter is moving, except this one, I don't know why, is it that some one is pressing it down, why? can someone plse give some comment? I'm giving up.  |
| (Post 42 of 124) 07/08/2000.22:37:00 |
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For many investors, it is psychologically easier to run with the crowd. But while the safety-in-numbers approach can be mentally reassuring, it is often financially imprudent. And that is perhaps the greatest paradox of investing. It takes incredible fortitude and unwavering commitment to swim against the stream (media). It also helps if you have a sound investment strategy to believe in... Got it ? |
| (Post 43 of 124) 09/27/2000.01:38:29 |
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Mediastream 1H Net Loss S$1.3M Vs S$1.7M
Mediastream Ltd. (P.MDE) - Singapore Six Months to June 30: - 2000 vs 1999 Net Profit --a S$(1,347,000) vs S$(1,671,000) Pretax Profit - (1,384,000) vss (1,644,000) Revenue - 3,616,000 vs 8,144,000 Per Share Net Profit - (0.27 cents) vs (1.79 cents) Dividend - omitted vs omitted Figures in parentheses are losses. a - Income tax for the period was negative. |
| (Post 44 of 124) 11/07/2000.13:37:06 |
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I had just heard from my source there will be a takeover bid by Virgin Records @0.25 for a 51% stake.  |
| (Post 45 of 124) 11/07/2000.13:42:53 |
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Based on the candlesticks, a lot of unsuccessful pushes made to stock price. Avoid unless u want ur money to be trapped inside. |
| (Post 46 of 124) 11/28/2000.12:29:52 |
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Hi ALL,
There is a rumour that a recording company is buying up this company. Can anyone confirm this rumour? |
| (Post 47 of 124) 11/28/2000.12:40:11 |
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jwchoo, Refer to post 44 |
| (Post 48 of 124) 12/08/2000.01:31:53 |
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Restructuring of a subsidiary company - Toonworks, Inc.
The Directors of MediaStream Limited ("the Company") wish to make the following announcement. Recent political developments in the Philippines, with disruption to power supply and difficulties in the movement of staff to and from work, have affected the facilities and services of the Company's wholly owned subsidiary, Toonworks, Inc. ("Toonworks"). Temporarily, production has been stopped. Work in progress have been expeditiously completed and delivered and clients had been advised to hold sending new work for the time being. A substantial number of the staff members were laid off and core staff members were put on contract basis. When current conditions return to normal, other staff members will be re-engaged as free-lance operators on project basis. In conjunction with the above, Toonworks has signed a Letter of Understanding on 7 December 2000 with Holy Cow! Animation ("HCA") for HCA to manage the animation facilities of Toonworks, in Manila, the Philippines, commencing 1 January 2001. HCA is an creative animation house in Manila headed by Dani Montano, Marlyn Montano and Buddy Zulueta, and collectively they and HCA are experienced in the production of animation work and other creative and production work, particularly for television commercials. HCA will be responsible for the marketing of Toonworks in the provision of services for production of animation series, feature films, flash animation and digital ink & paint services. HCA will also manage, including the maintenance of, the facilites of Toonworks. HCA shall be paid a management fee calculated at 30% of the overall operating profit. At the end of the first year, HCA may exercise the right to 30% share of the issued share capital of Toonworks, and the management fee above-mentioned shall cease. The facilities will be moved to smaller premises near to HCA in early 2001. This downsizing would reduce the fixed operating overheads of Toonworks substantially. This restructuring of Toonworks would result in an exceptional item consisting of write-offs of fittings and fixtures, lease termination penalties and severance pay and other attendant expenditure estimated to be of the order of S$200,000. The Group is developing contents for its own Children Educational Video and other Broadcasting products, and part of the animation work will be sent to Toonworks. The pricing for such inter-company work shall be charged on a cost-plus formula. Currently, Toonworks will continue to operate as a service bureau, and is in discussions with current and prospective clients to provide animation services in the coming year. Submitted by Tan Mui Keow, Claire, Company Secretary on 07/12/2000 |
| (Post 49 of 124) 12/08/2000.01:59:43 |
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MediaStream downsizes Philippine operations
SINGAPORE (AFX-ASIA) - MediaStream Ltd said it has decided to downsize the operations of its wholly-owned Philippine unit, Toonworks Inc, an animation company, due to the worsening political situation in the Philippines. It said it has laid off a substantial number of its staff in the Philippines, and has assigned Philippine company Holy Cow! Animation to manage the animation facilities of Toonworks from Jan 1, 2001. The downsizing exercise will result in exceptional items, including write-offs of fittings and fixtures, lease termination penalties and severance pay-offs, worth a total of 200,000 sgd, it said. "When current conditions (in the Philippines) return to normal, other staff members will be re-engaged as freelance operators on a per project basis," it said. |
| (Post 50 of 124) 02/05/2001.19:29:33 |
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WRITE-OFF OF INVESTMENT IN ASIA EXCHANGE INFORMATION SERVICE PTE LTD
The Board of Directors of MediaStream Limited ("the Company") wishes to announce that the Company has been notified by Asia Exchange Information Service Pte Ltd ("AEIS") that AEIS would cease its business operations with immediate effect. AEIS had been discussing and negotiating with potential investors for funding for its operations. However as a dot.com business in the light of the current market conditions, AEIS had difficulties concluding the said funding as the potential investors required further unspecified time to reach a final decision on the proposed investment in AEIS. The directors of AEIS have decided that it would not be financially feasible to continue the operations of AEIS in view of the lack of such funding from the potential investors in the immediate future. Accordingly, the Board of AEIS made the decision to cease the business operations with immediate effect. As a result of the cessation of the business operations of AEIS, the Company would be required to write-off its investment in AEIS amounting to S$950,000. This write-off will be shown as an exceptional item in the accounts of the Company. Submitted by Claire Tan Mui Keow, Company Secretary on 05/02/2001 |
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