Sell @ $0.188. Had to do 3 transactions as I have it in CPF and for the cash portion, I have odd lots (due to their previous Shares Consolidation). This is part of my continuing effort to do "house-cleaning" while the stock market remains bullish. I posted in FB the following background and reasons,
My record shows they were bought in '94 – '97 @ Prices $0.30 – $1.31. There was a 4-to-1 Share Consolidation some years back, so my unit price is 4x the above!
Used to be a PC company but ended up focussing on Network products when they couldn't compete in the low cost segments (where Dell & Acer was dominant). In recent times, they seem to be in Property biz (Japan).
The Ngiam brothers (founders) had always been very nimble and able to raise funds for IPC (Placements). The most recent ones were @ $0.18. This interesting snippet is from Lim & Tan,
– Choo Yeow Ming sold 5 mln IPC (18.9 cents, down 1) shares on Wednesday Feb 29th when the stock traded at 19.7-20.5 cents, thus ceasing to be a substantial shareholder with a 4.77% stake. The sold shares represent 16% of the 30 mln shares Choo bought from the Ngiam brothers at 18 cents each only 2 days before! (The Ngiams placed out a total of 40 mln shares, of which the remaining 10 mln shares went to a Carol Sim Siew Tin.)