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zhuge_liang
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13-Aug-2007 22:42
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Asia Tiger has entered into a conditional sale and purchase agreement to acquire a 75% shareholding interest, comprising 6,076,875 fully paid ordinary shares, in a S'pore company known as Industrial Power Technology Pte Ltd (IPT) for a consideration of $22.5m. The Consideration comprises a cash element of $15.75m and the issue and allotment of 51,923,076 new shares at $0.13 each. The Vendors have provided a profit guarantee of $10m (cumulative and before tax) for the 24 months period commencing 1/8/07 to 31/7/09 (both dates inclusive). IPT is a company incorporated in S'pore. It is a specialist EPC (Engineer, Procure and Construct) integrator contractor for bio-mass power generation projects, where the power plant uses alternative sources to fossil based fuel source, eg, rice-husk, palm kernel, waste wood, etc. IPT has successfully completed the construction of a 6 MW wood waste fired biomass power plant in Keningau, Sabah, a 6MW rice husk-fired biomass power plant in Sommai, Thailand, a 7.5 MW palm oil waste fired CHP Plant in Sabab for Felda, Malaysia, and more recently, a 10 MW rice-husk fired biomass power plant project in Thailand. Locally, IPT has secured a $31m EPC contract to build a wood waste fired 15 MW power plant for a waste recycling company. IPT has entered into a EPC contract to build a wood waste fired bio-mass power plant for a local waste recycling company. The proposed power plant has a capacity of 15 MW which will be exported to the local electrical grid. In addition, having just completed and commissioned a 10MW rice husks fired bio-mass power plant in Thailand in Mar '07, IPT is in negotiations with potential customers in Thailand for an additional 2 bio-mass power plants. Management is of the opinion that the acquisition of a majority interest in IPT would add value to the Company as IPT would likely be a revenue-generating asset. Management is also of the view that the acquisition offers a chance to acquire, at good value, a significant business, namely IPT, with an established track record and offers good growth opportunities in the Renewable Energy Industry. |
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Nostradamus
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02-Oct-2006 20:39
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Tracker Shine Limited has reduced its stake from 56.90% to 41.90%. |
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Nostradamus
Supreme |
01-Oct-2006 21:12
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Be careful with this stock. It has been pumped and dumped before. |
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Nostradamus
Supreme |
02-Jun-2006 21:45
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Posted worse than expected results due to decrease in orders, an almost doubling of minimum wage requirements in China and a surge in copper prices. |
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Nostradamus
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02-May-2006 16:38
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Some people have sky-high targets. In a bull market, the prices keep rising. Let see how they do in a bear market. Investors are advised to take profit after a strong surge in prices. Don't be too greedy. And don't expect prices to reach those during the dot-com boom. It won't happen during the next several years. |
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Nostradamus
Supreme |
02-May-2006 16:31
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Price surged accompanied by strong volumes. Then came the profit warning. It may be a case of pump and dump by people who knew about the warning. Chartists bought because of the technical indicators. Investors are advised to trade China stocks with caution. |
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Gallen
Senior |
19-Mar-2006 11:06
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Extracted from my blog http://kelongstocks.blogspot.com Contributed by my friend Merx Please visit my blog for full writeup, do remember to support my blog :) [b]Fundamental Analysis[/b] Turnover = RMB 245.428m Profit After Tax (PAT) = RMB 19.36m 1H06 EPS = RMB 0.0795 NAV = US$0.056 On the business front, company is primarily involved in the mfg of office equipment PC connectors and digital cameras. 1H06 results so far has been impressive, with profit and turnover surging 274% and 173% respectively. Dividend has been equally generous with a payout of RMB 0.0739, which is almost equivalent to its 1H06 earnings. Management not expecting FY06 to be lower than FY05. Potential upside events: Divestment of digital camera business, reaping in RMB8.5m from the sale. Better prospects of higher demand for office equipment. Company's re-alignment to focus on office equipment business. Possible generous dividend payout in 2H06 due to sale of digital camera business. Potential negative events: Loss of revenue from digital camera business. Hoever, take note that the digital cam business only accounted for RMB186,000 (0.96%) out of 1H06 profits. So revenue loss should be minimal. Erosion of profit margin due to high raw material costs. Unexpected slump in demand for office equipment. Barring any unforseen circumstances, company is well on the way to a relatively good 2H06 boosted by its divestment with minimal impact in revenue. The company however will face a challenge to try and keep its raw material costs down. Shareholders can take comfort in a bumper dividend (at least for next half) to buffer any downside. ...........continued at my blog |
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