#ipo ayondo: Registered IPO At S$0.26 Per Offer Share. 16 Mar 2018 10:13 ayondo is a global financial technology group with subsidiaries authorised and regulated in the UK (FCA) and Germany (BaFin) and additional offices in Singapore, Spain and Switzerland,...:[https://www.investingnote.com/posts/692197]
Reply to @Hayashi : Nope. yet to check fully.
GRP during the period of possible takeover of Starland had provided loan to Ayondo which will be converted together with the interests on load into shares prior to approved listing. So GRP will be a major shareholder of Ayondo unless it divests this interest
Reply to @TUBInvesting : Ya, its property portfolio in Singapore and Fulin, Chongqing were "bought over" by GRP which now transforms into property company with property devt and investment in Tangshan, and Ipoh,
The property in Chongqing rides the property wave and sells like hot cakes. It is now >90% sold
Starland is >80% (cannot remember exact percentage) owned by GRP. Starland is estimated to worth around 19-20 cents and much sh be returned to shareholders so by proxy GRP will benefit the most, and this will turn into dividend for GRP even as their marine business is tanking and the property development awaits completion and sales
So pretty much depends on the IPO price of Ayondo and how does the prices go afterwards. If price post IPO soars like Clearbridge or Y Ventures, then it will gain a lot, if price post IPO tanks like AGV, then it will choose not to exercise the RCL and just recollect back the loan.
Reply to @TUBInvesting : yup... of coz... thanks for your post :)