Ocean Sky

[zq25]

My take is base on 150513 chart is in favour, so long the volume don't fade away kekeke

[ning7377]

Upward trend intact ya... Vested

[zq25]

Upward trend intact ya... Vested

huat ya kow kay !

[zq25]

so at this day time volume went holiday ?

[ning7377]

who still waiting for Durian to drop? today XD for 0.008cts dividend and $800 in my pocket liao .. Price still holding and will move up soon once another CD 1.6cts appear..


BUY CALL FROM OSK!!!

Ocean Sky divested its entire Apparel Operations for USD55m and its two properties in Hong Kong for HKD57m. It will distribute special dividend of SGD0.016/share from the disposals. This leaves it with a possible cash hoard of USD92.8m - USD102.8m, which is 1.3x - 1.4x its current market capitalisation of SGD88.5m. Our SOTP valuation is in the range of SGD0.266 - SGD0.294, a 35% - 49% upside.

[ning7377]

OCEAN SKY INTERNATIONAL LIMITED
(Incorporated in the Republic of Singapore)
(Company Registration No.198803225E)

COMPLETION OF DIVESTMENT OF OCEAN SKY GLOBAL (S) PTE. LTD. (“OSG”)

The Board of Directors (the “Board”) of Ocean Sky International Limited (the "Company") refers to:

(a) the Company’s announcements dated 6 January 2013 and 29 April 2013 in relation to the
proposed divestment of OSG; and

(b) the circular dated 15 March 2013 (the “Circular”) issued by the Company in relation to the
proposed divestment of OSG and the proposed diversification into the construction and
engineering business and property business.

All capitalised terms used and not defined herein shall bear the same meanings ascribed to them in the
Circular, unless the context otherwise requires.
The Board is pleased to announce that the Divestment has been completed today and the Company has
received the Initial Consideration of US$35,750,000. The Company will make a further announcement to
update shareholders upon its receipt of the Second Tranche Consideration.

By Order of the Board
Chia Yau Leong
Company Secretary
30 April