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    QNS   SGXE41674636

SOUTHERN ALLIANCE MINING LTD.

(QNS)
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Southern Alliance Mining Ltd. commences an Equity Buyback Plan for 48,900,000 shares, representing 10% of its issued share capital, under the authorization approved on August 20, 2021.

11/10/2021 | 05:55am EST

Southern Alliance Mining Ltd. (Catalist:QNS) commences share repurchases on November 10, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on August 20, 2021. As per the mandate, the company is authorized to repurchase up to 48,900,000 shares representing 10% of the issued ordinary share capital. In case of on market repurchases, the maximum price that will be paid by the company for repurchases will be 105% of the average closing price over the period of five market days in which transactions in the shares on the SGX-ST were recorded before the day on which such purchase is made. While in case of off-market repurchases, the maximum price that will be paid by the company for repurchases will be 120% of the average closing price over the period of five market days in which transactions in the shares on the SGX-ST were recorded immediately preceding the date of offer by the company. The repurchased shares will either be cancelled or held in treasury. The company intends to use its internal sources of funds and/or external borrowings to finance the purchase or acquisition of its ordinary shares. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual general Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting.


ę S&P Capital IQ 2021
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Financials
Sales 2021 387 M 92,5 M 92,5 M
Net income 2021 148 M 35,4 M 35,4 M
Net cash 2021 277 M 66,2 M 66,2 M
P/E ratio 2021 3,27x
Yield 2021 5,04%
Capitalization 1 080 M 258 M 258 M
EV / Sales 2020 1,01x
EV / Sales 2021 3,18x
Nbr of Employees -
Free-Float -
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Managers and Directors
Kok Sam Pek Chief Executive Officer & Executive Director
Wei Hung Lim Chief Financial Officer
Teck Tee Teh Non-Independent Non-Executive Chairman
Chee Choon Chin Independent Director
Gainneos Jacob Goldie Independent Director