Hankore

Alan Wang is the No.2 shareholder with 10.37% of HanKore. The No.1 shareholder is the chairman, David Chen, who has 16.47%.

Market cap of HanKore is S$347 million now, so you can imagine how much of these individuals' net worth is tied up in the business.

It's back up to 7.3 cents, but not the 8-cent level it hit recently.

clap clap : HanKore has just announced a possible RTO with a big environ play in China. The vendor will end up owning more than 50% of HanKore after an injection of its assets into HanKore.

Stock will fly tomorrow =

I told you ....

INVESTORS pounced on shares of HanKore Environment Tech Group yesterday after the water-treatment technology firm unveiled on Monday its plans for a reverse takeover deal with China Everbright Water Investments (CEWI).

HanKore shares were up 36 per cent in intra-day trade yesterday, touching a high of 10.9 cents. The counter was the most actively traded, with 780.7 million shares changing hands.

It closed the day at 10.8 cents apiece, up 2.8 cents or 35 per cent.

Placement Share is S$0.05.
Consideration share is S$0.0703 for the acquisition.

Stock price started to rise after the placement from S$0.05 and continued to rise further with the water theme in China, then finally the latest acquisition to S$0.108 currently.

Currently the RSI is showing overbought for Hankore, SIIC, Vallianz, Charisma, otto marine. Not sure how long the overbought situation will last but correction will come eventually.

There is a 10 into 1 share consolidation coming very soon for Hankore. If we take S$0.108 before consolidation, the consolidated share will be $1.08 which is more expensive than SIIC (S$0.183) or United Envirotech (S$0.905) and near to Hyflux (S$1.17).

China EverBright:
www.ebchinaintl.com/en/business/env_water.php