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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Taihua | TAIH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.875 | 0.875 |
| Top Posts |
|---|
Posted at 09/4/2017 23:16 by oxtail2015 Should work I found in a search from another account.I have invited you with the the personal email you in boxed me with anyway cheers mike.To other investors don't forget to search in "groups" not people. |
Posted at 09/4/2017 17:53 by noirua Resolution 1 contained in the Notice of GM ("Resolution 1") seeks Shareholder approval for the Delisting.The Company has received irrevocable undertakings from Shareholders holding 68,380,262 Ordinary Shares, representing approximately 70.38 per cent. of the current voting rights in the Company, to vote in favour of the Delisting. Assuming that Shareholders approve this resolution, it is proposed that the Delisting will take place by 8 May 2017 at the earliest. [ Looks a done deal] Mr Yunwu Liu and Mr Mingjian Yin, the Directors of the Company, and Mr Tao Ji, the major Shareholder of the Company, have signified their intent to purchase Ordinary Shares from other Shareholders after the Delisting. [ If they said how much they will pay before the vote shareholders could be confident. Chinese rules will apply ] Mr Yunwu Liu, Mr Mingjian Yin and Mr Tao Ji will approach other Shareholders separately to discuss such transactions after the Delisting. [ Worrying at best ] It is intended that Mr Nicholas Lyth and Mr Chong Cao will resign as Directors of the Company on the date of Delisting and hence the Board will comprise Mr Yunwu Liu, Mr Mingjian Yin, Mr Chun Chai and Mr Zhaoyang Ma immediately following Delisting. [ The resignation of Nicholas Lyth says everything ] [ Looks to have been a long term plan] -- The primary purpose of the Company's Admission was the opportunity it provided to raise capital in support of the Company's growth prospects. Given current market conditions, and in particular the lack of investors for the Company's businesses, the Directors are of the opinion that it is difficult for the Company to attract any or meaningful equity investment through its status as a quoted company on AIM and accordingly the Directors will be assessing potential alternatives to raise growth capital. [The company knows that Hong Kong is one of the world's leading cash raising centres, especially for Chinese companies] |
Posted at 06/4/2017 23:32 by lyonst5 I agree. Working together to find the best outcome for us all is the approach.I spoke with Nick today and went over the the whole thing and the damn failure of the Non execs to see and work in the shareholders interests. The past couple of years Taihua has being going through a transition, they did a complete overhaul of their factories, got the certificates and got a few new major investors in concert with the directors in China. Then the past year the shenanigans with placement and buyback nonsense. This then allowed the company to achieve where we are today with this GM and resolutions to go private. I was at Taihua in spring 2015 and the factories were closed and being upgraded, now is currently all operational and different and the shareholders are being asked to walk the plank. P.S. And then add to this how much money there is to be made with 3 million Forsythia trees and then you see why they want to go private, |
Posted at 06/4/2017 08:50 by ianguerin The directors have humour?"Given current market conditions, and in particular the lack of investors for the Company's businesses, the Directors are of the opinion that it is difficult for the Company to attract any or meaningful equity investment through its status as a quoted company on AIM and accordingly the Directors will be assessing potential alternatives to raise growth capital" - I wonder why there's a lack of attraction for investors? "There are significant professional fees associated with the Admission. In the Board's opinion the costs of Admission outweigh any benefits that currently accrue to the Company or its Shareholders and the Admission should therefore be cancelled as it is no longer in the best interests of the Shareholders as a whole. Once the Company has ceased to be listed on AIM, it would be easier to operate as a private limited company than as a public limited company and it is therefore also proposed that the Company should re-register as a private limited company. This will save a small amount of money on annual running costs....." - make your minds up guys, are the costs significant, or just a small amount of money? "Following the Delisting, although the Ordinary Shares will remain transferable, they will no longer be tradable on AIM. Consequently, it is likely to be more difficult for a Shareholder to purchase or sell....." - so how is making it more difficult for me to buy more shares, in my shareholder's interest? "However, the Directors intend to continue to operate the Company for the benefit of all Shareholders. They also intend to continue to keep Shareholders informed of progress." - well those are major departures from previously. I was a "victim" of Spectrum Interactive (another Chinese company I believe) delisting a few years ago, when the company was obviously worth more than the directors suggested at the time. I held out when the company went private & was fortunate to benefit when it was taken over a couple of years later. Could lightning strike the same here, or am I not that lucky? |
Posted at 05/4/2017 07:13 by che7win Delisting, but the Chinese investors willing to buy back shares on the cheap from you... |
Posted at 10/3/2017 12:46 by lyonst5 So i will surmise after JTCod's TR-1 that the remaining buybacks were UK based and the more recent investors from China have not decided to sell down so i get officially 72% holding to the executive board and Chinese investors. Though we do have buying of millions of shares being bought up before the buyback offer that still remain unaccountable. |
Posted at 09/2/2017 21:23 by lyonst5 Oxtail, I remember hearing prof Chen years ago say "The London listing was good to keep as they may need to raise funds in future" lets just say it was a comical moment at the meeting.Alas though a fundraising/share issue has been carried last year but the amount raised from the UK and rest of the world without Mr Tao Ji who had underwritten it was less than £10k before costs. So last year there was a 25% dilution of almost everybody's holdings and this year will probably see a 25% reduction of mainly UK investors shares via the buybacks. All legal as such and nobody is holding a gun at anybody's head to sell up but at the end of the day the core owners of Taihua will be a Chinese based group and some people may say or opinion that they maybe are connected. All this substantial reduction of small shareholders for about 3p ish and then the company will have 75%+ in hands of a group that maybe in concert. A full disclosure of the situation at the factories in Luonan could scupper the buyback and sink the situation of a possible forced 75%+ buyout in the future. |
Posted at 09/2/2017 08:02 by lyonst5 DB, Visits to the companies factories by shareholders and Non Exec's are few are far between, so i was very dismayed at what occurred and the reasons given when the investor was trying organise the flights for the visit.I followed this up with the company and the asked why the investor was given the cold shoulder when wanting to visit China operations. The answer being that it was because the company was so busy with the GMP inspections and they had no time. I gave the view that shareholders that are prepared to make the time and expense to visit China should be treated better especially when the directors from China do not make even the effort to attend meetings in the UK and their expenses are paid from the companies coffers. The resulting situation was that the shareholder sold down the a substantial holding due to their approach. |
Posted at 07/2/2017 21:13 by duplicate book Lyonst5.....extrapol |
Posted at 07/9/2016 13:20 by davydoo I've long been interested in special situations funds and activist investors.So it's nice to see it in the small cap arena every so often and therefore have an opportunity to participate. Here's how I see it... this is an inflexion point. it's a great shot at the company finding a win/win/win, getting a new investor (and hopefully new executive) on board at a price that doesn't frustrate the other new major holders, while raising some capital to steady the business and reduce the need to approach a bank for funding. Should they wish to, it gives some investors a route out, either by selling now the price has risen or waiting for the likelihood of a higher price when the company is spending £500,000 on buy backs. (that 6.1p+ figure is a very good way to tempt folk) As a knock on, this then makes applying for shares in the open offer at 2.63p tempting, especially as to buy now is 2.7p+ in the market. If you think about each stage of this, it actually makes a lot of sense, which is in contrast to that initial news day of thinking that you were being asked to pay for 2.63p what you could by for 1p+ in the market. I've had my frustrations with this share, but with new shareholders, new executives, long term land leases paid, certifications in place etc, it wont actually take much to address the things that might have put off attracting some new investors. Its all been enough to make me take the 3% I have. dyor etc |
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