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20-04-2012, 03:40 PM
(This post was last modified: 20-04-2012, 05:42 PM by Underdogger.)
Potentially, within the next one year, Shareholders of New Toyo can look forward to:-
a. Regular dividends of 1.94 cents
b. Special diviends of 13.4 cents (full follow-thru by New Toyo)
[quote='potatolover' pid='23212' dateline='1334906488']
Managed to find something related....
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SGX’s listing rule requires that cash company holds 90% of cash in an escrow account (to safeguard shareholders).
If the cash company still does not have any intended business activities, then it will have to offer a cash exit to its shareholders, 12 months from the point that it becomes a cash company
Company can apply to extend the deadline by another 6 month only if it has already signed a definitive agreement for the acquisition of a new business, of which the acquisition must be completed in the said six‐month extension period.
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a. Regular dividends of 1.94 cents
b. Special diviends of 13.4 cents (full follow-thru by New Toyo)
[quote='potatolover' pid='23212' dateline='1334906488']
Managed to find something related....
******
SGX’s listing rule requires that cash company holds 90% of cash in an escrow account (to safeguard shareholders).
If the cash company still does not have any intended business activities, then it will have to offer a cash exit to its shareholders, 12 months from the point that it becomes a cash company
Company can apply to extend the deadline by another 6 month only if it has already signed a definitive agreement for the acquisition of a new business, of which the acquisition must be completed in the said six‐month extension period.
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