SGNews

$Alliance Mineral(40F.SI) Australian miner Alliance Mineral Assets on Tuesday night (Dec 5) said the company was made aware that a writ of seizure and sale dated Nov 23, 2017 has been issued by Singapore's High Court.

Some 40,029,786 Alliance Mineral shares belonging to substantial shareholder Living Waters Mining Australia (LWMA) were seized. LWMA is a private company wholly owned by Alliance Mineral's chief executive Tjandra Adi Pramoko, and his wife, executive director Simone Suen Sze Man.

The seizure is, however, limited to LWMA or Mr Tjandra satisfying payment of about S$5.48 million to Grande Pacific. This amount includes S$5.46 million pursuant to the settlement agreement between the parties, being the difference between the strike price of S$0.50 per share and the volume weighted average price of S$0.3815 per share.

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SGNews

Here are some stocks that may move the market this Tuesday morning.

$Trendlines(42T.SI) Magdent, a portfolio company of The Trendlines Group, completed an investment of US$1.75 million ($2.36 million) from three angel investors.

$Amplefield Ltd^(AOF.SI) Amplefield has announced an interested party transaction (IPT) between City Builders Vietnam Company (CBVN) and Sing Viet City (SVC).

$Alliance Mineral(40F.SI) Some 40 million shares of Alliance Mineral Assets, belonging to CEO Tjandra Pramoko and his wife executive director Simone Suen, had been seized on court order dated Nov 30.

$CWX Global(594.SI) CWX Global, formerly known as Loyz Energy, says the group and its joint operators, have applied for four new PA (production areas) in Thailand during the second half of this year.

$China Great Land^(D50.SI) China Great Land Holdings is convening an extraordinary general meeting (EGM) to seek shareholders’ approval to diversify its business to include the provision of environmental solutions.

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#market-outlook

'Here are some stocks to watch this Tuesday morning:

Singtel has priced the initial public offering (IPO) of NetLink NBN Trust at 81 cents per unit, coming near the low end of its marketing range. The IPO will raise gross proceeds of about $2.35 billion, making it the largest primary offering on Singapore Exchange in about four years. Shares of Singtel closed 4 cents higher at $3.90 on Monday. $SingTel(Z74.SI)

Tjandra Pramoko, CEO of Alliance Mineral Assets (AMA), says he will pay the $7 million due to Jonathan Lim Keng Hock within the next two weeks. This should free up the AMA shares held on June 30 following a writ of seizure ordered by the courts as part of the settlement agreement reached on April 25 between Pramoko and Lim. Shares of AMA dropped 4.5 cents on July 10 to close at 28 cents. $Alliance Mineral(40F.SI)

Noble Group announced on Monday that Abu Dhabi's Goldilocks Investment Company has raised its stake in the firm, confirming market talk. In a Monday night filing on the SGX, Noble said Goldilocks' direct interest in the group has risen from 5.03% to 8.19%, after it purchased 41.6 million shares through an open market transaction for $23.2 million on July 6. Shares in Noble closed 5 cents higher at 62 cents on Monday. $Noble Group(CGP.SI)

Singapore Exchange saw a 1% year-on-year dip in total Securities market turnover value to $22.4 billion in June. This was a 16% month-on-month decline compared to May. Shares of SGX closed 2 cents higher at $7.38 on Monday. $SGX(S68.SI)

Cheung Woh Technologies reported a loss of $1.5 million for the 1Q18 ended May compared to earnings of $3.2 million a year ago due to lower sales and higher costs incurred. Shares in Cheung Woh closed at 21 cents on Monday. $Cheung Woh(C50.SI)

Sino Grandness Food Industry Group said it has entered into a restructuring agreement with its bondholders. Shares in Sino Grandness closed 1 cent lower at 23 cents. $Sino Grandness(T4B.SI)

Markets
Technology shares advanced on Monday while retailers retreated. The Dow Jones Industrial Average shed less than 0.1% to 21,408.52.The broad-based S&P 500 added 0.1% at 2,427.43, while the tech-rich Nasdaq Composite Index advanced 0.4% to 6,176.39.

The Straits Times Index on Monday managed a 17.34 points rise to 3,246.35 in a quiet but firm session in which a low 1.9 billion units worth $858 million were traded. There were 249 rises versus 193 falls, excluding warrants.'

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SGNews

$Alliance Mineral(40F.SI)

'Tjandra Pramoko, CEO of Alliance Mineral Assets (AMA), says he will pay the $7 million due to Jonathan Lim Keng Hock within the next two weeks.

This should free up the AMA shares held on June 30 following a writ of seizure ordered by the courts as part of the settlement agreement reached on April 25 between Pramoko and Lim.

As Lim had told The Edge Singapore in an exclusive interview on Sunday, Pramoko was to transfer 46.1 million shares to Lim and pay an additional $7 million in cash.'

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SGNews

#market-outlook

'Here are some stocks to watch this Thursday morning:

Alliance Mineral Assets says Jonathan Lim Keng Hock is now a new substantial shareholder in the tantalum mining company. According to ACRA filings, Lim is the registered business owner of privately-held company REO Magnetic which owns a 60% stake in a rare earths concession in Madagascar that ISR Capital is trying to acquire for $40 million.
$Alliance Mineral(40F.SI)

Consortium partners Singapore Press Holdings (SPH) and Kajima Development plan to develop over 600 residential units with a retail/commercial component of roughly 310,000 sf gross floor area at the Bidadari site they recently won.
$SPH(T39.SI)

CapitaLand announced that wholly-owned subsidiary CVH Sparkle has divested its entire 65% stake in Vietnam-based real estate development business Sparkle Value Homes Co. (SVH) for US$4.6 million ($6.4 million).
$CapitaLand(C31.SI)

Markets

On Wednesday, the Dow Jones Industrial Average fell 57.11 points, or 0.27%, to close at 21,410.03, the S&P 500 lost 1.42 points, or 0.065, dropping to 2,435.61 and the Nasdaq Composite added 45.92 points, or 0.74%, rising to 6,233.95.

Earlier, the benchmark Straits Times Index (STI), closed Wednesday's session at 3,201.77 after losing 28.65 points or 0.89%. Turnover came in at 2.2 billion units valued at $1.1 billion, comparable to 2017's average dollar value of about $1 billion. Excluding warrants, losers outnumbered gainers 275 to 153.'

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SGNews

$Alliance Mineral(40F.SI)

'REO Magnetic’s Jonathan Lim is new substantial shareholder of Alliance Mineral Assets

Alliance Mineral Assets says Jonathan Lim Keng Hock is now a new substantial shareholder in the tantalum mining company.

In a regulator filing on Wednesday night, Lim is said to have bought approximately 46.1 million shares from CEO Tjandra Adi Pramoko for $14.7 million in an off-market transaction on June 15 or 16.'

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