Ok Here is what the balance sheet will look like After the share issues
Please check for your self
I have just tried to pull some totals out of the prospectus
GCN would I think be in at cost ....
So a more realistic figure would add
a significant sum ( growing ? )
like 186,185,566 ( SSI holding of GCN shares from the annual report ) * By Mkt price which as I write... is .12
So I get another $22,342,267 less cost
Also CEH would be I think at cost price as well
And is it becoming more valuable ??
Total shares on issue will be
"the Company will have 63.05 million Shares following the Offer."
OK please Check for yourselves and Do your research
Buy My opinion Now it really starts...Other HC Holders can judge for themselves if this is an end or beginning
A success ( huge ? ) or a failure..
Someone might double check those figures for Me ?
As for GCN....With this parent and Lucky channel to come.....???
My opinion, understanding and views of this moment
motorway
11 4. FINANCIAL INFORMATION Sino Securities International Limited PRO FORMA Statement of Financial Position As at 30 June 2005
Restructure Offer Sino Strategic Group
11
4. FINANCIAL INFORMATION Sino Securities International Limited PRO FORMA Statement of Financial Position As at 30 June 2005 Note Sino Securities Group (adjusted for AIFRS) CEH group Restructure Offer Sino Strategic Group
Total current assets 13,889,000
Total non-current assets 99,496,000
Total assets 113,385,000
Total current liabilities 1,815,000
Total non-current liabilities 172,000
Total liabilities 1,987,000
Net assets 111,398,000
And the Directors ??
Mr. Theodore (Teddy) Chee Tock Cheng – Chairman Mr. Cheng is the Chief Executive Officer and the major shareholder of Horizon Investment Group Ltd (HIG). HIG is primarily engaged in investments in China. Mr. Cheng is also the founder and Chief Executive Officer of Horizon Structured Solutions Limited and Horizon ABS China Holdings Limited. Both companies are engaged in financial services business, providing import and export finance to traders between USA and China. Mr. Cheng was educated in electronics and electrical engineering disciplines with the Polytechnic University of Hong Kong.
Mr. Richard Li - Managing Director Mr. Li holds a Bachelor of Business degree from RMIT University with a major in Accounting. He later received post-graduate management education from Monash University. In addition to his experience in chartered accountancy gained from major international firms, Mr. Li has over 25 years experience in investment research, equity funds management, investment advisory services and stockbroking with major Australian institutions. Before establishing the Sino Group, he was the founder, Vice President and Director of Ord Minnett (Asia) Investment Services Pty Ltd, a member of Australia’s leading investment banking company Ord Minnett Ltd. He has successfully promoted Australian investments to Asian investors and entrepreneurs for many years. Mr. Li is a member of the Australian Institute of Company Directors.
Mr. Bruce L Mathieson – Non-Executive Director Mr. Mathieson is a significant investor, and owner/operator in the Australian gaming and hotel industries, with substantial interests in accommodation hotels and pubs.
Mr. Peter J Gillooly – Non-Executive Director Mr Gillooly was the former Chief General Manager of Tattersall’s Ltd, responsible to the board for the total operation of all Tattersall’s enterprises. He was employed with Tattersall’s from 1984 to 2000. Mr Gillooly retired from Tattersall’s on 30 June 2000. Prior to joining Tattersall’s, Mr Gillooly was the CEO of Housing Guarantee Fund Ltd. Currently, Mr Gillooly is also a nonexecutive director of Acuix Ltd, non-executive chairman of Bellwether Group Ltd (a boutique funds manager), and non executive chairman of Environ Capital Management (a trustee company). He is a member of the Economic Development Board of Tasmania and a Fellow of the Australian Institute of Company Directors. Mr Gillooly brings with him a wealth of experience in management, expertise, and corporate relationships particularly from the Australian gaming and entertainment industry.
Mr. Edwin Hon Ming Yuen – Non-Executive Director Mr. Yuen obtained his Bachelor of Arts Degree from the University of Hong Kong and his Master Degree in Laws (comparative Chinese laws) from the City University of Hong Kong. He had over 15 years of banking experience in senior management positions in various banks in Hong Kong. Before joining the Company, Mr. Yuen worked with a publicly listed investment company in Hong Kong as the Chief Financial Officer and Executive Director. The company was engaged in investment in properties, hotels, telecommunication, internet and healthcare services. He was formerly a registered Investment Advisor of the Securities and Futures Commission of Hong Kong.
Mr. John C Wu – Non-Executive Director Mr. Wu has over 20 years experience in enterprise management and capital raising in the USA, China and Hong Kong. Mr. Wu graduated from the University of San Francisco with a bachelor of business degree (major in Accounting) and a master degree in International Trade.
Mr. Man Ban Lee – Non-Executive Director Mr. Lee is a Certified Public Accountant who has been in public practice in Hong Kong for over 40 years. He is also an industrialist with considerable management experience in electronics and electrical engineering. Mr. Lee is the Chairman of The Hong Kong Society for Rehabilitation, a voluntary organisation serving elderly and people with disabilities and chronic illness since 1959.
Mr. Ian A Johnston – Executive Director Mr. Johnston holds a Bachelor of Business (Banking & Finance) degree from Monash University and an Advanced Diploma of Financial Services (Financial Planning). Prior to joining SSI, Mr. Johnston held senior managerial positions with various major banks in Australia, specialising in commercial and retail banking. Mr. Johnston has over 18 years experience in banking as an analyst, administrator and relationship manager with both local and international groups. He is the General Manager, Operations, of SSI, with responsibility for the financial services activities.
SSI Price at posting:
0.0¢ Sentiment: None Disclosure: Held
