Rowsley - Halt Today

I think a good news is coming from Rowsley soon. The stock went halt today and the price as of last Friday closed at 0.112. In fact, I talked about Rowsley on my blog on 14th December and shared that the selling was not strong and the buyers may emerged soon but there wasn't any signs of turning point.

http://stockmarketmindgames.blogspot.sg/2017/12/rowsley-where-might-be-turning-point.html

Today the stock went halt. It's like preparing some good news at the demand zone and there might be no chance for one to enter if the stock gap up when the halt is lifted. I am not sure when it will debut it's trading again but when the news is announced, I will need to see how much the gap up price would before deciding to take a long position. Can't wait for the actual announcement to be released.

https://www.theedgesingapore.com/rowsley-acquire-16-bil-worth-healthcare-assets-peter-lim-be-renamed-thomson-medical-group



Update: 18/12/2017, 11:27am

18-12-2017 10:43:31
BRIEF-Rowsley To Buy Sasteria For S$1.6 Bln

Dec 18 (Reuters) - Rowsley Ltd :
* ENTERED INTO A BINDING ACQUISITION AGREEMENT WITH LIM ENG
HOCK
TO ACQUIRE 100% OF SASTERIA PTE LTD
* ANNOUNCES  S$1.6 BILLION ACQUISITION OF THOMSON MEDICAL
AND TMC
LIFE SCIENCES
* CONSIDERATION WILL BE SATISFIED THROUGH 21.3 BILLION NEW
ROWSLEY SHARES AT ISSUE PRICE OF S$0.075 PER SHARE
* IF ALL BONUS WARRANTS & PIGGYBACK WARRANTS ARE EXERCISED,
CO
WILL RECEIVE S$850 MILLION & S$1,130 MILLION OF PROCEEDS
RESPECTIVELY

Source text for Eikon: [ID:nSNZ5TwGXG]
Further company coverage: [ROWS.SI]

Ronald K - Market Psychologist - A Stock Market Opportunist