GLOBAL VOICE has a new substantial shareholder
| Buyer | Date of purchase | No. of shares purchased | Average price/share (S$) |
Total value (S$) | Total shareholding |
| Daniel Aegerter | 13-03-2008 | 8,286,000 | N.A. | 144,976,043 (5.81%) | |
| 10-03-2008 | 27,270,000 | 0.055 | 1,499,850 | ||
| Global Voice share buyback | 19-03-2008 | 700,000 | 0.06 | N.A. | |
| 18-03-2008 | 260,000 | 0.055-0.06 | N.A. | N.A. | |
| 03-03-2008 | 40,000,000 | 0.085-0.09 | N.A. | N.A. |
The recent sharp fall in Global Voice shares (along with the broader market) has seen the emergence of a new substantial shareholder in the company.
He is a Daniel Aegerter, chairman and founder of Armada Investment Group which he established as his family office organization after the successful merger of his enterprise software company TRADEX Technologies to Ariba for US$5.6 billion in March 2000.
”This transaction formed one of the largest software transactions in history,” according to the Armada website (www.armada.com).
In the meantime, Global Voice has been buying back its shares too. This month, it mopped up 40,260,000 shares in two days.
Global Voice owns and operates of one of Europe’s highest capacity fiber network and provider of mission critical communication infrastructure and services.
On March 10, in an effort to stem a further decline in Global Voice shares, Noel Meaney, chief executive officer of Global Voice, issued a press release, stating: “Measuring all business signed year-over-year to 9 March 2008, total number of agreements have grown 106% and total contracted monthly recurring revenues have grown 144% in value year-over-year.
"This early indicative performance, alongside the largest ever sales pipeline the company has had, makes us very confident of achieving the goals we have set out for the company in 2008.”
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GUANGZHAO IFB chairman buys shares
| Buyer | Date of purchase | No. of shares purchased | Average price/share (S$) |
Total value (S$) | Total direct shareholding |
| Su Min | 19-03-2008 | 660,000 | 0.146 | 96,360 | 81,200,000 (13.81%) |
| 17-03-2008 | 545,000 | 0.146 | 79,570 | ||
| 13-03-2008 | 1,245,000 | 0.149 | 185,505 |
Su Min, the chairman of Guangzhao Industrial Forest Biotechnology, made two purchases this month of her company’s shares after they fell below their net asset value of 109.3 RMB cents, or 21.86 cents a share.
Su Min, who has a doctorate degree, was one of the founders of Guangzhao IFB, which reported a net profit increase of 3% for FY ’07 to RMB 72.1 million.
In its FY ’07 results announcement, the company said: “ Demand for timber and pulp products in the PRC continues to grow as a result of the economic growth in the People’s Republic of China (“PRC”). This will benefit forestry companies such as Guangzhao which has the capacity to meet the rising demand with the progressive harvest of timber in FY2008.”
