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(Post 1 of 456) 03/24/2000.06:10:00 |
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Ong Asia secures listing approval in Singapore Ong Asia Ltd, the holding company of domestic stockbroking firm Ong & Co Pte Ltd, said it has received in-principle approval to list on the mainboard of the Singapore Exchange. Ong Asia, through Ong & Co, provides stockbroking services in Singapore and Hong Kong. It has a network of more than 120 dealers. In 1999, Ong Asia achived a pre-tax profit of 25.90 mln sgd on turnover of 91.10 mln sgd. No comparative figures were given. The IPO will be handled by Standard Chartered Merchant Bank Asia Ltd and Overseas Union Bank as joint lead managers, lead underwriters and lead placement agents. |
| (Post 2 of 456) 03/30/2000.12:12:00 |
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Ong Asia launches IPO of 23 mln shares at 0.39 sgd each Ong Asia Ltd has launched an initial public offering of 23 mln shares at 0.39 sg each, and a placement tranche of 83.7 mln shares also at 0.39 sgd, with another 6.4 mln shares reserved for employees at 0.351 sgd. In a statement, the company said the total offering of 113.1 mln shares represents 25 pct of Ong Asia's enlarged share capital. The company, which will raise 25 mln sgd from the IPO exercise, will use about 15 mln sgd from the proceeds to increase the share capital of its subsidiary, Ong & Co. Of this amount, about 3.5 mln sgd will be used to invest in the company's internet trading system and the balance will be used as working capital. About 3 mln sgd will be used to increase the share capital of Ong Asia Securities (HK) Ltd and Ong Asia Credit (HK) Ltd, to enable both companies to undertake a higher volume of business, and also as working capital. Another 7 mln sgd will be used for the group's working capital and to finance business expansion. The IPO will close on April 13. The company said the issue price of 0.39 sgd represents a historical price-earnings ratio of 8.55 times for its 1999 financial year. Ong Asia is the holding company of Ong and Co, a stock-broking company engaged in the trading of shares on the Singapore Exchange and other regional and international stocks exchanges. |
| (Post 3 of 456) 03/30/2000.12:53:00 |
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Ong Asia does not rule out merger with other brokerages Ong Asia Ltd said it does not rule out merging or acquiring other stock brokerages. Ong & Company Private Ltd excutive director Ong Seng Gee said: "We are not ruling out mergers or acquisitions. We are open to it." Speaking to reporters at the launch of its IPO, he however said it is too early to disclose whether the company plans any merger exercise at this point of time. When asked if Ong Asia is holding any merger talks, he said: "We are not at liberty to disclose such information." Ong Asia share is expected to list on the Singapore Exchange main board on April 17. The IPO underwriter Standard Chartered Merchant Bank Asia Ltd, investment banking director Khong Choun Mun said based on the demand he expects the placement shares to be fully taken up today. |
| (Post 4 of 456) 03/31/2000.22:50:00 |
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any recommendations / comments on this IPO ?? |
| (Post 5 of 456) 04/01/2000.14:14:00 |
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BT reported that analysts were sanguine about the stock's prospects. Most expect the counter to rise by about 20%. |
| (Post 6 of 456) 04/01/2000.14:32:00 |
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However ASW reported that this counter to avoid! Visit the Asia stockwatch for more details. Anyone has any comments? |
| (Post 7 of 456) 04/03/2000.15:34:00 |
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With a PE of 8.55. How much can one lose in this IPO? I think the mkt industry of brokerage houses probably ard 8-12 as well recognising that the industry is not exactly new economy. But having said that it's pricing seem reasonably cheap although the upside cld be limited to 20-25% ie 0.47-49 cts. They are on the internet as well although not as good as POEMS.But I heard from the director on CNA that some of the funds will be used to improve on the net broking so that's a good sign. 23 shares mio for the public isnt that big so prob can push up a bit on first day. Think worth a stag. |
| (Post 8 of 456) 04/08/2000.15:44:00 |
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hmmm.. so will this counter face the same fate as mae and lafe? someone please comment? i need to cover back my loss |
| (Post 9 of 456) 04/09/2000.12:31:00 |
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my advice is to stay away from this IPO. with such a big float, and their business mainly from local retail investors, it can't be dat good. buy from the open market if u like this counter. should close below with the current market sentiments. would recommend Airocean more, small float, low price, NO DEBT/LOAN company. just my personal views. Happy trading. |
| (Post 10 of 456) 04/09/2000.23:00:00 |
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The prospect of a merger or acquisition is on the line for this counter as was mentioned by the Boss himself. This alone makes this counter a surething......just wait and see. just my opinion thats all |
| (Post 11 of 456) 04/14/2000.16:46:00 |
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@0.39, is it fully valued already? |
| (Post 12 of 456) 04/15/2000.03:01:00 |
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Ong Asia's IPO shares to list on Singapore Exchange main board Monday Ong Asia Ltd's 452.269 mln shares will be listed on the Singapore Exchange main board on Monday, the Singapore Exchange said in a statement. |
| (Post 13 of 456) 04/16/2000.13:23:00 |
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eka good stock fair price bad timing |
| (Post 14 of 456) 04/16/2000.13:29:00 |
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To Mulder Don't kid yourself that that there are only 23m that's gonna dump tomorrow. U forgot the 90m private placement in the hands of the company's clients. Don't be rash, this issue is guaranteed underwater tomorrow. Stay out! |
| (Post 15 of 456) 04/16/2000.16:55:00 |
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Placement tranche of 148000 not fully taken up. More than favourable placement ratio of 33:50 for the bigger lots buyers. All these mean that the IPO is going to sink underwater tomorrow... How about PLS, anybody??? ...feel PLS offers better prospect than Ong Asia. ...Consider dumping Ong Asia as fast as possible and buy into PLS... |
| (Post 16 of 456) 04/17/2000.03:19:00 |
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SINGAPORE EXCHANGE SECURITIES TRADING LIMITED Investors are hereby advised of the following: - 1. The above shares will be granted listing and quotation in the "Stockbrokers" sub-sector of the"Finance" sector of the Official List of SGX-Mainboard. Trading in OngAsia shares will commence on "Ready" basis with effect from 9.00 a.m., Monday, 17 April 2000. 2. The short name is "OngAsia" and the abbreviated name is"ONGASIA". The ISIN Code is SG1I35881628. 3. The shares will be quoted in board lots of 1,000 shares. There will be no trading of the shares in the "cash" market. Settlement for trades in the Company's shares will be effected by book entries in the securities accounts which buyers and sellers must maintain with The Central Depository (Pte) Ltd ("CDP"). 4. Applicants may enquire about the number of OngAsia shares credited to their respective securities accounts by using the Automated Self-Service Enquiry Terminals ("ASSET") located at CDP as well as at most member companies of Singapore Exchange. Submitted by Keith Heah, Vice President & Head, Trading Management on 14/04/2000 to the SES |
| (Post 17 of 456) 04/17/2000.10:24:00 |
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I agree with Yuenfs' comment on OngAsia. You should switch into PLS (Parkway Laboratory Services) - Closing TODAY (17-April) and listing on Wednesday (19-April). Last night's Channel News Asia program on "Corporate Watch" featured PLS with a likely first day price in the range 44-50 cents. |
| (Post 18 of 456) 04/18/2000.11:38:00 |
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Thursday, March 9 Singapore's Ong & Co Rolls Out New Mobile Trading Svc (Dow Jones)--Ong & Co., a Singapore brokerage firm, Thursday rolled out a new service in conjunction with Singapore Telecom Mobile that allows investors to trade stocks and check their accounts using the latest mobile telephone technology. The service, dubbed iROAM (Interactive Remote Online Access Module), is the Asia-Pacific region's first mobile electronic-trading system to use the wireless application protocol, or WAP, company officials said. Ong & Co. Chairman and Chief Executive Ong Tjin An said the new service will complement his firm's on-line trading business, which was launched in January 1999. SingTel Mobile will have an exclusive agreement with Ong & Co. during a four-month marketing and promotion period, said Lucas Chow, SingTel Mobile's chief executive. "We're working together to lower barriers to entry," he said. After the initial period, the market will be opened up to other competitors, Chow said. The new service will be offered to Ong & Co. customers at no charge, apart from the cost of the mobile telephone and making a call. The access to the service may be limited at first, however, because of a shortage of WAP-enabled mobile phones. WAP is becoming the defacto standard around the world for accessing the Internet through wireless devices, Ong said. The Edge Consultants provided Ong & Co. with technical assistance in setting up the new system. |
| (Post 19 of 456) 04/18/2000.17:11:00 |
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Greeny, I actually had the chance to try out the WAP service that you mentioned in your posting. (Had a fren who was developing the system for them)My conclusion. No one in his right mind would trade that way. The server was slow. The phone was cumbersome to use. The navigation is so unfriendly that I really had a hard time doing what I am suppose to do to carry out my transactions. And I considered myself pretty 'techie' and I just wanna smash the Nokia 7710 to bits because it was just so frustrating to use. I may be too harsh given the 'newness' and the 'rawness' of the technology but anyone coming in touch with Ong and Co for the first time will go away with a bad impression. Have tiny vested interest. |
| (Post 20 of 456) 04/18/2000.17:16:00 |
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Lonewolf Thanks for sharing your experience. I'll just stick to computer-based online trading with OngCo. I have an online trading a/c with them already, and I don't use a handphone anyway. |
| (Post 21 of 456) 04/18/2000.17:17:00 |
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Lonewolf Thanks for sharing your experience. I'll just stick to computer-based online trading with OngCo. I have an online trading a/c with them already, and I don't use a handphone anyway. Counting 1,2,3,4,5... OK, resubmit, ready or not! |
| (Post 22 of 456) 04/20/2000.07:33:00 |
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ONG ASIA LIMITED Notice Of Changes In Director's Interests . Name of director: Ong Seng Gee Date of notice to company: 19/04/2000 Date of change of interest: 19/04/2000 Name of registered holder: The Central Depository (Pte) Limited for account of Ong Seng Gee Circumstance giving rise to the change:Open market purchase No. of shares of the change: 200,000 % of issued share capital: 0.044 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.355 No. of shares held before change: 0 % of issued share capital: 0 No. of shares held after change: 200,000 % of issued share capital: 0.044 Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 23 of 456) 04/20/2000.07:46:00 |
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ONG ASIA LIMITED Notice Of Change in the Interests of a Director of a Subsidiary - TKH . Name of director of subsidiary: Tee Keng Hoon director of subsidiary, Ong research (Malaysia) Sdn Bhd Date of notice to company: 19/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: The Central Depository (Pte) Limited for account of Tee Keng Hoon Circumstance giving rise to the change: Others No. of shares of the change: 20,000 % of issued share capital: 0.004 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.39 No. of shares held before change: 0 % of issued share capital: 0 No. of shares held after change: 20,000 % of issued share capital: 0.004 Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 24 of 456) 04/20/2000.07:46:00 |
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ONG ASIA LIMITED Notice Of Change in the Interests of a Director of a Subsidiary - LWT . Name of director of subsidiary: Lee Wing @ Lee Wing Tuck director of subsidiary, Ong & Company Private Limited ("LWT") Date of notice to company: 17/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: The Central Depository (Pte) Limited for account Lee Wing Tuck Circumstance giving rise to the change: Others No. of shares of the change: 690,000 % of issued share capital: 0.152 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.351 No. of shares held before change: 0 % of issued share capital: 0 No. of shares held after change: 690,000 % of issued share capital: 0.152 Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 25 of 456) 04/20/2000.07:48:00 |
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ONG ASIA LIMITED Notice Of Change in the Interests of a Director of a Subsidiary - HSF . Name of director of subsidiary: Ho Swee Fong director of subsidiary, Ong Research (Malaysia) Sdn Bhd Date of notice to company: 19/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: The Central Depository (Pte) Limited for account Ho Swee Fong Circumstance giving rise to the change: Others No. of shares of the change: 20,000 % of issued share capital: 0.004 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.39 No. of shares held before change: 0 % of issued share capital: 0 No. of shares held after change: 20,000 % of issued share capital: 0.004 Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 26 of 456) 04/20/2000.07:55:00 |
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ONG ASIA LIMITED Notice Of Change in the Interests of a Director of a Subsidiary - NbY . Name of director of subsidiary: Nasir bin Yusoff director of subsidiary, Ong Research (Malaysia) Sdn Bhd Date of notice to company: 19/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: The Central Depository (Pte) Limited for account of Nasir bin Yusoff Circumstance giving rise to the change:Others No. of shares of the change: 20,000 % of issued share capital: 0.004 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.39 No. of shares held before change: 0 % of issued share capital: 0 No. of shares held after change: 20,000 % of issued share capital: 0.004 Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 27 of 456) 04/20/2000.07:56:00 |
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ONG ASIA LIMITED Notice Of Change in the Deemed Interests of a Director of a Subsidiary - LWT . Name of director of subsidiary: Lee Wing @ Lee Wing Tuck director of subsidiary, Ong & Company Private Limited Date of notice to company: 18/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: The Central Depository (Pte) Limited for account of Tan Swee Hong Circumstance giving rise to the change:Others No. of shares of the change: 70,000 % of issued share capital: 0.015 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.39 No. of shares held before change: 0 % of issued share capital: 0 No. of shares held after change: 70,000 % of issued share capital: 0.015 Mdm Tan bought 10,000 shares at $0.34 on 17/04/2000 and sold them at $0.355 on the same day. LWT has 690,000 shares in the Company. Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 28 of 456) 04/20/2000.07:56:00 |
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ONG ASIA LIMITED Notice Of Change in the Interests of a Director of a Subsidiary - CKC . Name of director of subsidiary: Chew Kheng Cheong @ Chew Siang @ Chew Kheng Chong director of subsidiaries, Ong (Money Brokers) Holding Private Limited and Ong Tradition Singapore (Pte) Ltd Date of notice to company: 18/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: The Central Depository (Pte) Ltd for account Chew Kheng Chong Circumstance giving rise to the change:b{ Others } No. of shares of the change: 14,000 % of issued share capital: 0.003 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.37 No. of shares held before change: 150,000 % of issued share capital: 0.033 No. of shares held after change: 136,000 % of issued share capital: 0.03 Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 29 of 456) 04/20/2000.07:57:00 |
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ONG ASIA LIMITED Notice Of Change in the Interests of a Director of a Subsidiary - WWS . Name of director of subsidiary: Wu Wen Sun director of subsidiary, Ong Asia Securities (HK) Limited Date of notice to company: 17/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: The Central Depository (Pte) Limited for account Wu Wen Sun Circumstance giving rise to the change: Others No. of shares of the change: 550,000 % of issued share capital: 0.121 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.351 No. of shares held before change: 0 % of issued share capital: 0 No. of shares held after change: 550,000 % of issued share capital: 0.121 Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 30 of 456) 04/20/2000.07:57:00 |
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ONG ASIA LIMITED Notice Of Change in the Interests of a Director of a Subsidiary - GL . Name of director of subsidiary: Lynn Kwok Hung, George ("Lynn") director of subsidiary, Ong Asia Securities (HK) Limited Date of notice to company: 17/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: The Central Depository (Pte) Limited for account Ong & Company Private Limited account Ong Asia Securities (HK) Limited -staff Circumstance giving rise to the change:Sales in open market at own discretion No. of shares of the change: 50,000 % of issued share capital: 0.011 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.335 No. of shares held before change: 50,000 % of issued share capital: 0.011 No. of shares held after change: 0 % of issued share capital: 0 50,000 reserve shares at $0.351each were allotted to Lynn on 14/04/2000 pursuant to the Company's initial public offer. Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 31 of 456) 04/20/2000.07:58:00 |
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ONG ASIA LIMITED Notice Of Substantial Shareholder's Interests - GIB . Name of substantial shareholder: Gulf International Bank BSC Date of notice to company: 17/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: Gulf International Bank BSC ("GIB") Circumstance giving rise to the change:Others No. of shares of the change: 83,101,968 % of issued share capital: 18.37 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.00 No. of shares held before change: 83,101,968 % of issued share capital: 18.37 No. of shares held after change: 83,101,968 % of issued share capital: 18.37 The 83,101,968 shares are subject to a moratorium that GIB will not sell or dispose any of its shares within 6 months after Ong Asia Limited is admitted to the Official List of the SGX Mainboard, ie. 17/04/2000, and for a period of 4 and 1/2 years thereafter, GIB, Bangkok Bank Public Company Limited and Ong Trading Private Limited will in aggregate retain at least 51% of Ong Asia Limited's enlarged share capital. Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 32 of 456) 04/20/2000.07:59:00 |
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ONG ASIA LIMITED Notice Of Substantial Shareholder's Interests - OT . Name of substantial shareholder: Ong Trading Private Limited Date of notice to company: 17/4/2000 Date of change of interest: 17/4/2000 Name of registered holder: Ong Trading Private Limited Circumstance giving rise to the change:Others No. of shares of the change: 172,997,885 % of issued share capital: 38.25 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.00 No. of shares held before change: 172,997,885 % of issued share capital: 38.25 No. of shares held after change: 172,997,885 % of issued share capital: 38.25 Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 33 of 456) 04/20/2000.07:59:00 |
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ONG ASIA LIMITED Notice Of Deemed Substantial Shareholding - GIC . Name of substantial shareholder: Gulf Investment Corporation ("GIC") Date of notice to company: 17/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: Gulf International Bank BSC Circumstance giving rise to the change: Others No. of shares of the change: 83,101,968 % of issued share capital: 18.37 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.00 No. of shares held before change: 83,101,968 % of issued share capital: 18.37 No. of shares held after change: 83,101,968 % of issued share capital: 18.37 GIC is the holder of 72.5% of the issued capital of GIB, which latter is the holder of 18.37% of the issued capital of Ong Asia Limited. Accordingly GIC is deemed to be interested in the 83,101,968 shares held by GIB in Ong Asia Limited by virtue of s.7 of the Companies Act. Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 34 of 456) 04/20/2000.08:04:00 |
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ONG ASIA LIMITED Notice Of Deemed Substantial Shareholding - SAMA . Name of substantial shareholder: Saudi Arabia Monetory Agency ("SAMA") Date of notice to company: 17/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: Gulf International Bank BSC ("GIB") Circumstance giving rise to the change:Others No. of shares of the change: 83,101,968 % of issued share capital: 18.37 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.00 No. of shares held before change: 83,101,968 % of issued share capital: 18.37 No. of shares held after change: 83,101,968 % of issued share capital: 18.37 SAMA is the holder of 22.2% of the issued share capital of GIB, which latter is the holder of 83,101,968 shares (18.37%) in the issued share capital of Ong Asia Limited. Accordingly, SAMA is deemed to be interested in the aforesaid shares of GIB in Ong Asia Limited by virtue of s.7 of the Companies Act. Submitted by Petrine Yap Eng Sui, Joint secretary on 19/04/2000 to the SES |
| (Post 35 of 456) 04/20/2000.08:16:00 |
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ONG ASIA LIMITED Notice Of Substantial Shareholder's Interests - BBL . Name of substantial shareholder: Bangkok Bank Public Company Limited Date of notice to company: 17/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: Bangkok Bank Public Company Limited ("BBL") Circumstance giving rise to the change: Others No. of shares of the change: 83,101,968 % of issued share capital: 18.37 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.00 No. of shares held before change: 83,101,968 % of issued share capital: 18.37 No. of shares held after change: 83,101,968 % of issued share capital: 18.37 The 83,101,968 shares are subject to a moratorium that BBL will not sell or dispose any of its shares within 6 months after Ong Asia Limited is admitted to the Official List of the SGX Mainboard, ie. 17/04/2000, and for a period of 4 and 1/2 years thereafter, Ong Trading Private Limited, BBL and Gulf International Bank BSC will in aggregate retain at least 51% of the enlarged share capital of Ong Asia Limited. Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 36 of 456) 04/20/2000.08:17:00 |
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ONG ASIA LIMITED Notice Of Deemed Substantial Shareholding/Director's Deemed Interests - Ong Ka Tuan @ Ong Ka Toan . Name of substantial shareholder/director: Ong Ka Tuan @ Ong Ka Toan Date of notice to company: 17/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: Ong Trading Private Limited Circumstance giving rise to the change: Others No. of shares of the change: 172,997,885 % of issued share capital: 38.25 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.00 No. of shares held before change: 172,997,885 % of issued share capital: 38.25 No. of shares held after change: 172,997,885 % of issued share capital: 38.25 Ong Trading Private Limited ("OT") is the beneficial owner of 172,997,885 ordinary shares of $0.10 each in the capital of the Company. As Ong Ka Tuan is the legal and beneficial owner of 42.22% of the shares of OT, he is deemed to be interested in OT's shares in the Company pursuant to section 7 of the Companies Act, Cap.50. The Company was admitted to the official list of the SGX Mainboard on 17 April 2000. Accordingly Ong Ka Tuan is deemed a substantial shareholder of the Company for the purposes of section 82 of the Companies Act, Cap. 50. Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 37 of 456) 04/20/2000.08:17:00 |
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ONG ASIA LIMITED Notice Of Deemed Substantial Shareholding/Director's Deemed Interests - Ong Tjin An . Name of substantial shareholder/director: Ong Tjin An Date of notice to company: 17/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: Ong Trading Private Limited Circumstance giving rise to the change: Others No. of shares of the change: 172,997,885 % of issued share capital: 38.25 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.00 No. of shares held before change: 172,997,885 % of issued share capital: 38.25 No. of shares held after change: 172,997,885 % of issued share capital: 38.25 Ong Trading Private Limited ("OT") is the beneficial owner of 172,997,885 ordinary shares of $0.10 each in the capital of the Company. As Ong Tjin An is the legal and beneficial owner of 42.22% of the shares of OT, he is deemed to be interested in OT's shares in the Company pursuant to section 7 of the Companies Act, Cap.50. The Company was admitted to the official list of the SGX Mainboard on 17 April 2000. Accordingly Ong Tjin An is deemed a substantial shareholder of the Company for the purposes of section 82 of the Companies Act, Cap.50. Submitted by Petrine Yap Eng Sui, Joint Secretary on 19/04/2000 to the SES |
| (Post 38 of 456) 04/22/2000.12:27:00 |
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IN SGX DO NOT INVOLVE WITH (1)LAFE (2) BAN JOO (3) IONICS (4) ONG ASIA . These are slow moving and worthless company see their IPO price and how much they fall down !! Is there any regulation in SGX to guide investor and to control such money wiped out ( of retail investor)by recent IPOs ???? Lost more than 6k on these counters, hope to wait till my son ( 3 yrs )'s son to get IPO value back in next 25 to 30 yrs on these counters !!! GOLDEN RULE : NEVER BUY FOREIGN COMPANY / BIG IPO IN SGX. |
| (Post 39 of 456) 04/23/2000.00:29:00 |
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Bigbull, Kindly refrain from doing this kind of posting (not the content, but putting the msg in all the companies' thread). Doesn't reflect too well on anyone... While I understand your reasons for such posting, and my heart does go out to you for not making the kind of money that you have expected, perhaps you should understand that this is part of the risks involve. It is also unfair to put so much responsibilities on SGX. Are you going to reward them if you have made some money from the IPO? While no one or no organisation is perfect, I think the SGX has done a commendable job thus far... Maybe a better option for you is to directly let the authorities know what you think, what they should do etc...Perhaps this will be more productive... You never know, but the 6K you have lost may juz be a small part of the millions that you're gonna make... Have a wonderful time ahead. --cheers!!-- |
| (Post 40 of 456) 04/24/2000.02:38:00 |
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ONG ASIA LIMITED Notice Of Change in the Interests of a Director of a Subsidiary (amended) . Name of director of a Subsidiary: YAOVALUK SUKSATHIT, Alternate Director of Subsidiary, Ong & Company Private Limited Date of notice to company: 19/04/2000 Date of change of interest: 17/04/2000 Name of registered holder: The Central Depository (Pte) Limited for account of Yaovaluk Suksathit Circumstance giving rise to the change: Others No. of shares of the change: 4,000 % of issued share capital: 0.0008 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.39 No. of shares held before change: 0 % of issued share capital: 0 No. of shares held after change: 4,000 % of issued share capital: 0.0008 A Notice of Change in the Interests of a Director of a Subsidiary in respect of Yaovaluk Suksathit was released to the Singapore Exchange Securities Trading Limited on 19 April 2000 ("the Notice"). Due to a clerical error, the number of shares subject to the change was incorrectly stated as 3,000. Instead, it should have stated that the number of shares subject to the change is 4,000. This announcement serves to correct the Notice. Submitted by June Low Fui Sian, Joint Company Secretary on 20/04/2000 to the SES |
| (Post 41 of 456) 04/24/2000.14:04:00 |
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Ong Asia is perhaps the joke in the brokerage industry....they cannot even hold their own how do they expect to deal for their cuistomer |
| (Post 42 of 456) 04/25/2000.03:37:00 |
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ONG ASIA LIMITED Notice Of Changes In Director's Shareholding . Name of director: Ong Seng Gee Date of notice to company: 24/04/2000 Date of change of interest: 24/04/2000 Name of registered holder: The Central Depository (Pte) Ltd for account of Ong Seng Gee Circumstance giving rise to the change: Open market purchase No. of shares of the change: 100,000 % of issued share capital: 0.022 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.335 No. of shares held before change: 200,000 % of issued share capital: 0.044 No. of shares held after change: 300,000 % of issued share capital: 0.066 Submitted by Petrine Yap Eng Sui, Joint Secretary on 24/04/2000 to the SES |
| (Post 43 of 456) 04/26/2000.06:08:00 |
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ONG ASIA LIMITED On 25 April 2000, Ong Asia Limited ("OAL") subscribed for and was allotted and issued 15,000,000 ordinary shares of S$1.00 each for cash at par in Ong & Company Private Limited ("Ong & Co"), its wholly owned subsidiary and a member of SGX-ST. With the additional shares, OAL now holds 53,440,873 shares in Ong & Co. This is in line with OAL's Prospectus which disclosed that approximately $15,000,000 of the IPO proceeds will be used to increase the issued share capital of Ong & Co to enable the latter to undertake higher volume of business. Submitted by Petrine Yap Eng Sui, Joint Company Secretary on 25/04/2000 to the SES |
| (Post 44 of 456) 05/23/2000.21:59:00 |
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At 29 cents, Ong Asia is now trading at approx. 6.4x historical earnings. Does this compare well with the other listed stockbrokers, i.e. G.K. Goh, Kay Hian, Kim Eng & Vickers Ballas? |
| (Post 45 of 456) 06/10/2000.04:24:00 |
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Notice Of Acquisition of Shares in Subsidiary On 9 June 2000, Ong Asia Limited ("OAL") subscribed for and was allotted and issued 11,000,000 ordinary shares of HK$1.00 each for cash at par in Ong Asia Securities (HK) Limited ("OAS"), its wholly owned subsidiary and a member of The Stock Exchange of Hong Kong Limited. With the additional shares, OAL now holds 30,000,000 shares in OAS. The increase in the issued share capital of OAS is to enable the latter to undertake higher volume of business. Submitted by Petrine Yap Eng Sui, Joint Secretary on 9/06/2000 to the SGX |
| (Post 46 of 456) 06/15/2000.11:50:00 |
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directors keep buying , price still didn't go up !!! |
| (Post 47 of 456) 06/17/2000.16:25:00 |
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Oklah Where is your source for the directors' purchases? Maybe the directors just queued up to bid for the shares and they never booked the sellers. You have to book the seller to push up the price. If you wait for the seller to throw to you then you are just supporting the price at your price level. |
| (Post 48 of 456) 06/17/2000.20:21:00 |
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company general announcements |
| (Post 49 of 456) 06/25/2000.11:56:00 |
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I think OngAsia will languish down for a while ...like GK Goh and Vickers. Problem is IPO tranche too large ... |
| (Post 50 of 456) 06/29/2000.15:08:00 |
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This is only counter among all recent IPOS that do not move upward even market goes up ! There is no action from managment on increasing share holder's value ! Even lafe goes some time up but this one never move north ! stuck with IPO price ! Should hold or stop loss ? |
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