TriTech spin-off listing on Catalist

The IPO of its subsidiary must be nearing, which then explains why the share price jumped +2.5 cents this morning. Now at 26.5 cents. Volume is very high at 26.4 million units already by 930 am.

The placement of 108,700,000 shares comprising 43,500,000 new shares and 65,200,000 vendor shares at S$0.23 for each share (the “Placement”). The Placement is expected to raise total gross proceeds of approximately S$25 million.

The offer document has been registered on July 21, 2014 (“Offer Document”) and the Placement, which opens upon the registration of the Offer Document, will close at 12.00 noon on July 25, 2014. Listing and trading of Terratech’s shares on Catalist is expected to commence at 9.00 a.m. on July 30, 2014.

Upon completion of the Placement, Terratech’s market capitalisation is expected to be approximately S$141.46 million.

(Wah, 46% discount to the Independent valuer's preferred fair market value of S$260 million. This is for the investors to cheong the stock ... )

infopub.sgx.com/FileOpen/Terratech_Ballo...cement&FileID=307029

The big takers of the TERRATECH IPO shares are given : Who are these fellas?

IPO of Terratech taken up by the usual suspects. The same SHS & PSL gang... depending on what they want to do with the share price on the first day, there is no telling what will happen.

Good luck!

MacGyver: Surely, obviously, these guys will push Terratech up from IPO placement of S$0.23. I predict --> 33 cents or thereabouts .

This will have a positive effect on TriTech shares (now 26.5 cents). I predict ---> 36 cents or thereabouts.

Fundamentals are of course important, but the trading pattern of this one hints of the presence of "operators".