For the 2nd time in under 3 years, Time Watch has failed to announce treasury investments on time. This time it’s US$5m of "idle funds" going into a KKR private equity fund for up to 5 years. If a company has idle funds for that length of time then it should distribute the surplus capital to shareholders. Mr Tung, do it with your own money, not ours. Webb-site founder David Webb holds over 5% of this stock.
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Time Watch (2033): breach of Listing Rules
Company announcement, 24-Dec-2020
In a Christmas Eve special, Time Watch reveals previously unannounced disclosable acquisitions during the last 18 months of structured deposits and wealth management products, including bets on sugar, gold and the CSI Smallcap 500 index.