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04-08-2011, 09:44 PM
Any fellow forumers hold shares in CMZ, which is now the subject of a privatization GO at $0.19/share by controlling shareholder Mr Shao Kesheng.....
http://info.sgx.com/webcoranncatth.nsf/V...100375A62/$file/CMZ_First_Joint_Annt.pdf?openelement
The GO price of $0.19/share is lower than CMZ's IPO price of $0.23/share in Jul07. CMZ has a profitable business producing quality zippers based in PRC. The business has been growing steadily since IPO. CMZ has so far paid out a total of $0.065/share in yearly dividends and a $0.03/share capital reduction in Jul10, but missed dividend payment in FY11 (ended 31Mar11). From hindsight, sensitive investors could have picked up a cue from this change that a possible privatization move could be forthcoming.
I could have bought more CMZ shares, but sadly I didn't!
http://info.sgx.com/webcoranncatth.nsf/V...100375A62/$file/CMZ_First_Joint_Annt.pdf?openelement
The GO price of $0.19/share is lower than CMZ's IPO price of $0.23/share in Jul07. CMZ has a profitable business producing quality zippers based in PRC. The business has been growing steadily since IPO. CMZ has so far paid out a total of $0.065/share in yearly dividends and a $0.03/share capital reduction in Jul10, but missed dividend payment in FY11 (ended 31Mar11). From hindsight, sensitive investors could have picked up a cue from this change that a possible privatization move could be forthcoming.
I could have bought more CMZ shares, but sadly I didn't!