Latest Posts By WanSiTong
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| 14-Aug-2013 12:49 |
Vard
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Vard Holdings
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Including you ??
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| 14-Aug-2013 12:43 |
Vard
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Vard Holdings
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Last done 0.88, Jia yu !
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| 14-Aug-2013 12:41 |
Vard
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Vard Holdings
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Good Good Good! Something positive!!
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| 14-Aug-2013 11:48 |
Oceanus
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OCEANUS (No.1 in abalone farming): Venturing into
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Pls don't post this counter anymore until there is any further development/ announcement! For those who vested can have good sleep.
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| 14-Aug-2013 11:38 |
Citicode
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NTA - Before Disposal 0..28, After Disposal 0.52
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If follow Bro StockCham Greatwall of China Theory, huge sell Q--> BB accumulating!!?
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| 14-Aug-2013 11:24 |
Elite KSB
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Elite KSB
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Hope he can find a new business soon (Under RTO)
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| 14-Aug-2013 11:13 |
Elite KSB
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Elite KSB
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From the past records, the Co's CEO normally take over a business with poor system. After radical improvement (both system & Profit), he will sell the whole business together with the staff . Of course with huge profit. This was also confirmed by him during a recent radio interview. |
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| 14-Aug-2013 10:44 |
Midas
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Midas
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Ya, HK not trading because of Typhoon Utor. The meeting initially scheduled at 9.30am today.
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| 14-Aug-2013 10:39 |
Elite KSB
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Elite KSB
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Former business was KSB chicken
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| 14-Aug-2013 10:09 |
Elite KSB
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Elite KSB
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The management of Elite KSB is currently actively exploring potential new business opportunity. The new businesses will have to meet the reverse takeover requirements under Rule 1015 of the Listing Manual within the timeframe provided in Rule 1018, failing which, the Singapore Exchange Securities Trading Limited (the ?
DYODD SGX-ST?) may remove the Company from the Official List of the SGX-ST. |
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| 14-Aug-2013 10:03 |
Elite KSB
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Elite KSB
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CLARIFICATION ON INTERIM DIVIDEND The Board of Directors of Elite KSB Holdings Limited (the ?Company" ) wishes to provide additional information in relation to its announcement relating to the Notice of Book Closure Date (?Notice of BCD?) (Announcement No. 00070) released on 26 June 2013. Pursuant to the Notice of BCD released on 1 February 2013, the Company had on 5 March 2013 distributed an interim tax-exempt (one-tier) dividend of S$0.015 per ordinary share in the capital of the Company (?Share?) for the financial year ending 30 June 2013. Pursuant to the Notice of BCD released on 26 June 2013, the Company had on 23 July 2013 distributed a second interim tax-exempt (one-tier) dividend of S$0.055 per Share for the financial year ending 30 June 2013. In addition, as announced on 18 June 2013, the Company also wishes to carry out a proposed capital reduction exercise (?Capital Reduction?), which will involve a cash distribution of S$0.066 per Share. The Capital Reduction shall be subject to, inter alia, the approval of shareholders by way of a special resolution at an extraordinary general meeting (?EGM?) to be convened. A circular setting out further information on, inter alia, the Capital Reduction, together with a notice of the EGM, will be despatched by the Company to shareholders in due course. |
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| 14-Aug-2013 09:58 |
Elite KSB
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Elite KSB
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Yes, you are right. This 6.6c is capital reduction & it is different from the 5.5c dividend recently paid. Huat ah!
NOTICE OF EXTRAORDINARY GENERAL MEETING
NOTICE IS HEREBY GIVEN SPECIAL RESOLUTION ? PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION THAT pursuant to Section 78A read with Section 78C of the Companies Act (Chapter 50 of Singapore):?
(a) the share capital of the Company be reduced by an amount of approximately S$8.94 million and that such reduction be effected and satisfi ed by returning to shareholders of the Company an amount of S$0.066 per share in cash (the ?
(b) the Directors, Company Secretary and each of them be hereby authorised to take all such steps and do all such acts and things as they or he may deem fi t, necessary and/or expedient to fi nalise, complete, implement and give full effect to the Proposed Capital Reduction. ORDINARY RESOLUTION ? PROPOSED DISPOSAL THAT:
(a) approval be hereby given for the Company to dispose its 75% equity interest in KSB China Holdings Private Limited for a consideration of S$10,572,331 to Chew Ghim Bok, subject to the terms and conditions of the disposal agreement dated 18 June 2013 (the ?
(b) the Directors of the Company be hereby authorised to complete and do all acts and things as they may consider necessary or expedient for the purposes of or in connection with
the Proposed Disposal and to give effect to this Resolution (including but not limited to the execution of other ancillary documents, procurement of third party consents and making
of amendments to the Proposed Disposal) as they shall think fi t and in the interests of the
Company.
By Order of the Board
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| 14-Aug-2013 09:46 |
Citicode
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NTA - Before Disposal 0..28, After Disposal 0.52
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Why so quite today without any transaction after the release of results !!? | ||||
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| 14-Aug-2013 05:34 |
Citicode
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NTA - Before Disposal 0..28, After Disposal 0.52
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ADVANCE SCT LIMITED UNAUDITED HALF YEAR FINANCIAL STATEMENT FOR PERIOD ENDED 30 JUNE 2013
1. Group turnover reduced by 57% to S$10.7 million for the six months period ended 30 June 2013 (?1H13?) from S$25.2 million for the six months period ended 30 June 2012 (?1H12?). The decrease was due mainly to the Group having ceased the copper smelting operations in Qingyuan, China. In addition, the Group is still in the process of re-aligning its recycling business to focus on higher margin products, and the recycling business has yet to recover to previous levels. The economic uncertainty in China has had a significant impact on the Group?s business, adversely affecting the demand for the Group?s products for its recycling business. Despite the fall in revenue, results improved from a gross loss of $0.53 million in 1H12 to a gross profit of $2.0 million in 1H13, as the Group sought to focus on business with higher profitability. One of the significant factors for the improvement over 1H2012 was the wastewater treatment plant in China, which the Group acquired only in the second half of 2012 and now contributing to revenue. 10. A commentary at the date of the announcement of the significant trends and the competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months.
The recycling business is expected to continue to struggle in the current environment, as demand for scrap metal is affected by the slowing demand from its largest customer base, China. The importers from China are also facing stricter import regulations that have made it more difficult and costly to import, and the tight liquidity in China will exacerbate the situation.
The Group is working with its associate company to tap on its experience and expertise in the copper ball business to explore opportunities in this industry.
In addition to the above, the Group refers to its announcement dated 15 June 2013 where it had announced that the Company is engaging with its lawyers to recover various expenses incurred in connection with the bulk sale of goods and used equipment by one of its subsidiaries in the ordinary course of business. The potential litigation may have an impact in the earnings per share and net tangible assets per share of the Company for the financial year ending 31 December 2013. The Group will release the relevant announcements as and when there are material updates in this matter.
The Group also refers to its announcements dated 24 August 2011, 27 April 2012, 3 May 2012, 16 September 2012, 31 December 2012, 26 July 2013 and 12 August 2013 in relation to a proposed acquisition of working capital in China and the legal proceedings arising from the termination of such proposed acquisition. As stated in the announcement dated 12 August 2013, the suspension of the arbitration proceedings in relation to this matter has been lifted from 7 August 2013 and the arbitration proceedings will be commencing on 22 August 2013. Further announcements will be made in connection with the progress of the arbitration as and when there are material developments.
http://infopub.sgx.com/FileOpen/ASCT.Group.1H2013.Results.ashx?App=Announcement& FileID=252147 |
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| 13-Aug-2013 20:08 |
Oceanus
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OCEANUS (No.1 in abalone farming): Venturing into
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The question is " when" ?
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| 13-Aug-2013 19:37 |
Yanlord Land
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Lord of China Prop
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Profit for 2Q13: 91% lower than last yr! http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementToday& F=886519& fileId=13-08-2013_2Q1H2013-Results.pdf
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| 13-Aug-2013 18:52 |
Midas
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Midas
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LOL..........
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| 13-Aug-2013 18:19 |
Oceanus
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OCEANUS (No.1 in abalone farming): Venturing into
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bottom line for 2Q13 is about the same as last year | ||||
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| 13-Aug-2013 18:16 |
Oceanus
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OCEANUS (No.1 in abalone farming): Venturing into
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http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementToday& F=886441& fileId=OGL_2Q2013_ResultsAnnc_final.pdf 10. A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the Group in the next reporting period and the next 12 months The abalone industry is at the moment at the low end of the cycle as a result of the recent wave of austerity measures implemented by the central government. Abalones, like other luxury consumer goods, are more severely affected by these measures. Demands by sea farmers for juvenile abalones to grow out as well as live abalones for the consumer market have been depressed and prices have weakened. This trend is expected to continue at least for the rest of the year. While the Group has a successful breeding season as reported in 1Q 2013, the many juveniles raised did not sell well as planned in 2Q 2013 due to poor demands. Given the current overcast on the industry, the Group could only select the better 250 million juveniles for further growth without putting more pressures on tank capacity and funding while culling the rest. To better utilize the available funds and farm resources, the GM and CFO were tasked to review and submit the latest 12 - 24 months rolling sales plan and cash flow forecast so that the Group can re-look at its current strategy and make modifications where necessary. With the industry at its worst performance, consolidation is bound to happen and this can be viewed as an opportunity to profit for those enterprises that survive this episode. To augment operations and for top management as well as the Board to have a better grip of the business with greater transparency and information flow, the Group has identified a Chief Operating Officer and a Chief Risk Officer to be based in China as necessary positions to have. The candidates will soon be announced. Following the AGM of the Company on 31 July and changes to directors at the Board level, the Group was notified of substantial and abnormal mortalities in the few days after the AGM. The details of this sudden trigger of events were announced via SGXNet on 11 August 2013. The Company is vigorously investigating into the cause and current situation of this event and trying to verify the information relayed up to this point to the Board. The Group will make timely announcements to update shareholders on this adverse matter as and when appropriate.
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| 13-Aug-2013 18:12 |
Oceanus
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OCEANUS (No.1 in abalone farming): Venturing into
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here is the 2Q13 results http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementToday& F=886441& fileId=OGL_2Q2013_ResultsAnnc_final.pdf |
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