$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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#market-outlook

'Here are some stocks that could move the market this Friday morning:

Oxley Holdings reported a 45% drop in 2Q18 earnings to $68 million from a year ago. This brings 1H18 earnings to $116.8 million a year ago, down 11% y-o-y. Revenue for 1H18 dipped 2% to $716.7 million. The homegrown property developer has declared an interim dividend of 0.72 cents and a 1-for-5 bonus share issue has been proposed. Year to date, shares in Oxley are up 17.5% to 67 cents. $Oxley(5UX.SI)

CapitaLand has, through its wholly-owned subsidiary CapitaLand China, signed a strategic cooperation memorandum of understanding (MoU) with Wuchang’s district government to develop a proposed integrated development on a prime site in the area. Wuchang is known as the urban core of Wuhan, the capital of Hubei Province in China. Shares in CapitaLand closed 1 cent higher at $3.81 on Thursday. $CapitaLand(C31.SI)

Cache Logistics Trust has declared DPU of 1.597 cents for the 4Q17 ended Dec. This was 9.8% lower compared to the DPU of 1.770 cents declared in 4Q16 due to an enlarged units base after completing a rights issue in Oct 2017. Excluding the effects of the rights issue, 4Q17 DPU would have fallen a smaller 1.1% to 1.829 cents. 4Q17 gross revenue and NPI rose by 8.5% and 10.2% to $29.6 million and $23.5 million respectively compared to 4Q16. Units in CacheLog closed at 87.5 cents on Thursday. $Cache Log Trust(K2LU.SI)

Alliance Mineral Assets says all of CEO Tjandra Pramoko debt to one-time business partner, Jonathan Lim Keng Hock has been fully repaid. A tranche of 46.1 million shares owned by the CEO but seized on court order has also been released. In addition, Pramoko on Jan 12 sold 19 million AMA shares, or a 3.42% stake, at an undisclosed price to an unnamed private investor, leaving him with 12.08% stake. Year to date, AMA shares have gained 10.5% to close at 42 cents on Thursday. $Alliance Mineral(40F.SI)

Venture Corporation’s wholly-owned subsidiary Venture Enterprise Innovation Inc. has entered into a sale and purchase agreement to acquire a freehold property in California for US$28.4 million ($38.8 million). VEI intends to renovate and refurbish the property, which will be used for activities in connection with a new platform enterprise to forge new alliances, partnerships and ventures. Shares of Venture Corp closed 34 cents higher at $23.15. $Venture(V03.SI)

Katrina Group, the F&B group specialising in multi-cuisine concepts and restaurant operations, has opened its So Pho restaurant in Shanghai, China, under its joint venture (JV) company named So Pho International with Big Benefit Group. Big Benefit Group is a subsidiary of Ajisen (China) Holdings, which in March last year entered into an MoU with Katrina to open the So Pho chain of restaurants in Hong Kong and China. Shares in Katrina closed flat at 18 cents on Thursday. $Katrina(1A0.SI)

Markets
Wall Street stocks pulled back from records on Thursday as concerns about a possible US government shutdown and lofty equity valuations dented sentiment.The Dow Jones Industrial Average fell 0.4% to finish the session at 26,017.81. The S&P 500 lost 0.2% at 2,798.03, while the Nasdaq Composite Index slipped less than 0.1% to 7,296.05.

Singapore shares tumbled for the second straight day on Thursday, with the benchmark Straits Times Index (STI) closing 20.6 points, or 0.58%, lower to 3,521.31. A total of 1.75 billion shares worth $1.32 billion changed hands, with losers outnumbering gainers 255 to 199.'

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$Alliance Mineral(40F.SI)

'A long-running dispute between the CEO of Alliance Mineral Assets, Tjandra Pramoko, and his one-time business partner, Jonathan Lim Keng Hock, appears to be settled.

On Thursday night, AMA announced in a filing that all of Pramoko’s debt to Lim has been fully repaid, and a tranche of nearly 46.1 million shares owned by the CEO but seized on court order, has been released.'

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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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$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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