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here it is
July 17 (Bloomberg) -- Easyknit Enterprises Ltd., a Hong Kong-based maker of knitted textiles, agreed to merge with Wits Basin Precision Minerals Inc., a Minneapolis-based prospector, as part of the Asian company's plan to diversify its business.
Easyknit will issue 3.35 million shares, valued at HK$8.8 billion ($1.1 billion), to Wits Basin shareholders in the merger, the company said in a statement to the Hong Kong stock exchange today. Easyknit's shares, suspended since April 20, will resume trading tomorrow.
``The merger will allow Easyknit to diversify into mining, a sector in which the directors foresee attractive growth prospects, and reduce its reliance on its current businesses which operate in a highly competitive environment with no significant barriers to entry,'' the company said in the statement.
Easyknit, unprofitable since the first half of its 2005 financial year, said Dec. 1 that it was seeking to enter gold and minerals mining, starting merger talks with Wits Basin. It had also agreed to invest in China's SSC-Sino Gold Consulting Co.
Easyknit International Holdings Ltd., Easyknit Enterprises' largest shareholder, will hold 19 percent of the merged company, the statement said. Wits Basin will be the surviving entity, with its assets the main ones of the merged company, it said.
The shares of Easyknit International, also suspended since April 20, will resume trading tomorrow, the statement said.
To contact the reporter on this story: Kyunghee Park in Hong Kong at kpark3@bloomberg.net
Last Updated: July 17, 2007 08:44 EDT
yea.. hong kong time
i take it your new to WITM? read past few PRs
WITM.. 24:1 share exchange from Easy Knit (hong kong) approved and easy knit starts trading again tomorrow..No PR out yet. math/conversion ratio makes shares worth $7. + per share.... chance of a lifetime
WITM.. 24:1 share exchange from Easy Knit (hong kong) approved and easy knit starts trading again tomorrow..No PR out yet. math/conversion ratio makes shares worth $7. + per share.... chance of a lifetime
wow... i guess game on! Easy Knit trading tomorrow means merger approved by hong kong = pay day
IFLI REBOUNDS TO $3 IMO
HEY HEY... CHECK IT OUT
PTEL.. LARGE BUYS.// UP TO .18 FROM .13 TODAY
IFLI .75/ BOUNCING OFF .69.. WAS $3 RECENTLY
yes its still a go.. relax dude.. companies get dates mixed all the time
AMPE... heads up
either way well get the shares on the 20th.. big deal
what more do you want? theres 1 divy official and its on otcbb with all dates
PR WOULD BE NICE.. Need an udpdate on Medify extraction/advertising campaign.
dont we have a MOD to delete irrevelant posts like these and posts touting other stocks
the chart above dude..double bottom. nm now obviously
lol. oh so thats why you broke your promise to leave this board? To defend others of my super harsh name calling... ? Except you didnt..Point is, you obviously have interest here to keep this window open and hit refresh all day and continue to bash it ignoring the questions asked of you
CAPT BASHER.. I thought you said your goodbyes and were gone? You must have ALOT of interest here not to hold your own word, a?
all buys now fellows
what in the hell are you talking about you crazy dude..losses making you drink?
ptel.porn. hit hard for no reason... good buying..Still time to get in for %25 stock divy
then quit posting on them
its on there.. i seen it yesterday... look up by ex date 23rd i think
sure is alot more mms on it now though, a?
so we should see a bounce tomorrow looking at the chart, a?
PTEL (PORN STOCK) .17 Divy record Date 07/16 1:4 divy... Reminder. I think it needs to clear 3 days so tomorrow is last day to buy
what are your talking about
yea.. twas an out of date website.. your right though..
wow... sign me up.
geez. they love to respond to you
how about, knock on Kips door time
what email are you using to get these quick responses??
AMPE yea... any news or just bounce?
PTEL (.19) SexQube.TV to Broadcast From the Set of New Series
Monday, July 09 2007 8:08 AM, EST PR Newswire "US Press Releases "
LONDON , July 9 /PRNewswire-FirstCall/ -- SexQube.TV, the world's first free-to-air Adult broadband television channel, will today begin broadcasting live from the sets of three new series.
The Sex Shop Show, The Movie Show and The Sex Doctor will all feature prominently in SexQube.TV's free to air content. Filming begins today and the Company is offering a "behind-the-scenes sneak peek", direct from the set. Filming is scheduled for Monday, Wednesday and Friday this week and SexQube.TV viewers and investors will be able to watch the action live from set on the Sexqube.TV site.
Filming Schedule:
Monday 8th - The Sex Shop Show Episodes 1-4
Wednesday 10th - The Sex Doctor Episodes 1-4
Friday 12th - The Movie Show
Broadcasts will be aired between 10am and 6pm BST .
For more information please visit www.petel.co.uk or email
enquiries@petel.co.uk
pick... what was the result of you talking to PTEL?
what. who said that? your insane dude