Oakwell Engineering Limited

On completion of the sale (assuming the sale will get through) the company will get $56 million dollars in cash.

Balance of the $14 millions will be collected within 2 years. Please refer to their annoucement on 21 aug 2013

in sgx.com.sg. And the current capitalisation of the company is only $54.1 million based on share price of 8.1 cts.

If the deal pull through the company would be receiving 10.5 cts per share ... $70 millions divided by 668,266,000shares.

The current traded price is only 7.9 cts.

See the company's annoucement on 21st aug '13 at sgx.com.sg

If the sale of the subsidiary pull through ...

the company will receive 10.5 cts CASH per share

current traded price only 8.0 cts per share

i think this is a good opportunity. Main risk is when the sale of the subsidiary does not pull through.

pls see their annoucement on 21st aug in sgx.com.sg for details.

ps : buy at your own risk. Myself, am heavily vested.

Good luck Joseph!

I wonder why the market doesn't react more positively.

Thank you Viva.

Hope it will move nearer the closure date in oct.

So long as the sale get through everything should be alright

because i believe the dividend distribution would be fairly

substantial relative to current share price.

Hi Joseph, what company going to do after the deal?