Yamada Green Resources

High market volatility did not shake down Yamada, with strong support seen at 24-24.5c.

GYP is supposed to buy 42.3 million shares in Yamada from Hudrex [sam goi] at 27.5c per share. Current price at 24.5-25c is not justified for GYP's shareholders to approve.

For shareholders to approve, share price must go up above 27.5 and I believe price will start to move up as GYP convene a SGM to seek approval.

If deal falls thru, GYP is likely to continue to buy from market to increase holding so that it can exert some influence over Yamada. There is only about 24% shares in the hand of the public and its further purchase could push the price up relatively easy.

What is the conclusion? It seems to indicate a good investment at 24.5-25c. Good luck!

Saturday, Jul 06, 2013
AsiaOne

SINGAPORE - Global Yellow Pages CEO Chen Bao Neng (Stanley Tan) is taking UBS to court after he suffered losses amounting to $25.4 million in just two days.

According to Lianhe Zaobao, the 55-year-old executive director had invested in 16 financial products through UBS from October 2007 to August the following year.

He then lost $25.4 million in the 2008 financial crisis.

Although he suffered the losses more than five years ago, and had repaid the debt before last January, Mr Chen regarded this as a breach of contract by UBS.

He then brought UBS to court in February this year.

In court documents, Chen accused UBS of not complying with the International Swaps and Derivatives Association (ISDA) agreements' stipulated grace period, resulting in his huge losses.

He also said UBS reneged on the agreement by selling his account in the stock prematurely, and for doing so without his permission.

A pre-trial conference is scheduled for July 22.

However, UBS said it had given Mr Chen earlier notice that he could sell at a loss, and that he was the one who ordered the selling of the financial product.

It also claimed that it had informed Mr Chen that he could top up his accounts in October 2008, but the top-ups were insufficient to cover the losses.

UBS also claimed that it had called Mr Chen on October 22 to notify him about the situation, and that he had agreed to terminate all his investments.

According to UBS' guidelines, they have the right to terminate financial products if the customer is unable to meet margin calls.

Retired at 35

According to Shin Min Daily News, Mr Chen is a holder of the Public Service Star who retired at 35 years old.

Media reports said Mr Chen became wealthy through a printing company. He later diversified his portfolio and became the largest shareholder of Global Yellow Pages, holding a 17.61% stake in the company.

He is also reportedly a public-spirited, serving as the director of several charitable organisations. Mr Chen was awarded the Public Service Star medal in 2011.

According to the National Volunteer & Philanthropy Centre website, He became the agency's fourth president in November 2007.

business.asiaone.com/news/yellow-pages-c...254m-2-days-sues-ubs

The best outcome for Yamada shareholders would be --- Global Yellow Pages fails in Resolution 1 to buy Yamada shares from Sam Goi & Koh.

Then Global will come out into the market to buy .... and push up the market price. Maybe it is not sure it can get the votes at the EGM, so now it's buying up. Trading heavily at 25 cents.

gyp should get placement share fr yamada at discount, like what sam ALWAYS did!

There has not been any announcement from Global Yellow Pages on any purchase of Yamada shares of late. That doesn't mean the company didn't buy. Based on its holding of 3.14% stake, Global Yellow Pages is not a substantial shareholder (yet). If at least one of the 2 resolutions is passed in the EGM tomorrow, the company is obliged to reveal the most up to date stake. I suspect it did make some share purchases in recent days/weeks and it holds more than 3.14%.

What did Ah Mah say at the EGM? The main thing I would like to know is, how is Global Yellow Pages going to add value to Yamada's business? by the way, did Ah Mah give out packets of Yamada mushroom at the EGM? lol