News: Press Release - Catalist-listed Sky One Holdings enters coal mining business with proposed acquisition of Energy Prima Pte Ltd - deal will result in Reverse Takeover of Sky One and disposal of existing courier and logistics business

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6 comment(s). Last comment by michelle zheng 2012-10-16 19:20

LydiaLai

2 posts

Posted by LydiaLai > 2012-09-29 12:37 | Report Abuse

How would this affect the share price of Sky One with this takeover?

charliie

8 posts

Posted by charliie > 2012-09-30 12:55 | Report Abuse

Obviously it will jump upwards otherwise there is no good reason for reverse take over. Investors follow trend and this should be a good stepping stone for unexplored mining in Kalimantan.

Others are merely merging and aquisiting another company but their core business is stagnent. U can find a few of them in the last few years. One indication is that the major combined shareholders own more than 51% shares and in the process they stagnate until SGX put them into the watch list ( i.e all SGX can do)

My 2 cents worth for over decades of trading practices.

LydiaLai

2 posts

Posted by LydiaLai > 2012-10-01 09:14 | Report Abuse

Thanks so much Charlie.

charliie

8 posts

Posted by charliie > 2012-10-08 12:26 | Report Abuse

Took profit early morning.

Judelim75

1 posts

Posted by Judelim75 > 2012-10-08 21:28 | Report Abuse

Wonder if it's still ok to enter

michelle zheng

14 posts

Posted by michelle zheng > 2012-10-16 19:20 | Report Abuse

It's meeting strong resistance at 325. How much is it worth if there is a reverse takeover, anyone??

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