UniFiber

UniFiber: penny-stock may lose favor with mkt players, after the proposed deal to buy 2 companies to grow its woodchip business falls through.
Recall in Sep ’10, Falcon Capital planned to subscribe for 51.5% stake in UniFiber for $178m. The proceeds raised were to help fund UniFiber's acquisition of a woodchip producer and exporter from Masba Holdings…

But Falcon would not confirm that it was not a related party to Masba, and that the woodchip mill would be profitable this financial yr, which are the conditions for SGX to grant approval for the transaction.
UniFiber faces further headwinds, as it is also fighting off a China state- owned conglo's move to wind it up over an alleged debt of US$19.7m (12.8% of net assets).
Company has been loss making ytd and for the past two financial yrs.