Yangzijiang

SHIT....again a trading halt just after I bought in this afternoon, sighed!

Now...again hoping that it does the same as last week, good news then lifted the "halt" on Monday so that the share price can move up.

So....there is so many "if and hope" for this stock here hahaha!

As for the above trading "halt" if I got the news right then it is due to it's planned purchase of the 15% of PPLH from Baker Tech. The majority owner of PPLH, SCM is objecting the planned sale as they will not given the rights to the sales option for the stake by Baker Tech. But the thing is that Baker Tech has sought legal advices on the matter and said that SCM has no legal basis for their objection. For Baker Tech....what they always want is they get the highest price for their stake and since Yangzijiang has made an good offer and they did accepted the offer. It's the end of the story for them. But for SCM....they may not be happy with the idea since they are the 85% owner plus the fact that they have very deep pocket.

So....the longer the trading "halt" for Yangzijiang, then it will not be good news for the investors. Btw I bought 50 lots just before the "halt" at noon time when the share price was around $1.42/1.43. Got them for $1.42 all 50 lots.

Seriously....I still feel this stock will trend higher since there is a new IPO ( New Century - in the same line as Yangzijiang ) doing it's road-show and will be traded on 11th May if it lists as plan. Therefore there shall be a "play" for shipping/ship building S-chip stocks eg Cosco, Yangzijiang, JES.