Friday, February 26, 2010

Delisting Company: Keda Communications


References: SGX Delisting Document

Another delisting company, Keda Communications, or in short KedaCom. Also with the Singapore government support of M&A, will there be more of these? It is definitely very interesting idea, which I don't think any other country has done. Although, will there be any loopholes that companies can exploit to get the 5%?

http://business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20100223-200382.html

To encourage local companies to grow and internationalise, the 2010 Budget contains a novel Merger & Acquisition (M&A) allowance (up to 5 per cent of the value of the acquisition, capped at $5 million for all deals by a company in a year). M&A deals involving transfer of unlisted shares will also receive remission from stamp duties. The ESC recommended that local SMEs should be encouraged to grow in order to become more internationally competitive, and the M&A incentives would help achieve this.




Company Info:

Keda Communications Limited is a provider of video conferencing, video surveillance, and networking products for government agencies, organizations of public utilities, enterprises and telecommunication industries. The Company operates in three business segments: access net platform, video conferencing system and video surveillance system. The access net platform include equipment, which are used to transmit voice, data and video images, which enable voice communication to be conducted through the Internet by converting the analog signal into digital data and vice versa. The video conferencing system is designed for the government agencies, public utility companies and organizations in order to conduct meetings or training sessions, through remote access. Video surveillance system is a digital surveillance product which is primarily designed for corporate customers and government agencies in order to monitor their remote locations throughout the People’s Republic of China.

Offer Price:

$0.125, currently closed @ $0.085

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