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LHN's logistics arm to be spun off, will raise S$5 million through IPO
☆ 》 LHN Logistics lodged its final offer document on Tuesday (Apr 19) as its parent company, property player LHN Group : 41O -1.49%, looks to spin off and list its logistics arm. Through the initial public offering (IPO), LHN Logistics will raise approximately S$5 million through the listing of (25,238,000 placement shares at S$0.20 each.)
☆ 》 The net proceeds will amount to approximately S$3.6 million, after deducting the estimated listing expenses payable in cash by the company.
☆ 》 S$3.2 million of the net proceeds will go towards the partial financing of the construction of the company&rsquo s ISO tank depot at 7 Gul Avenue, while the remainder will go towards the expansion of the company 's transportation fleet and acquisition of moving equipment.
☆ 》 Based on the placement price and post-placement share capital of 167,678,800 shares, the newly-listed company will have a market capitalisation of S$33.5 million.
☆ 》 The earnings per share of the group based on the company's post-placement share capital will amount to S$0.0198, while its share price will be 10.1 times that of its earnings in FY2021.
☆ 》 The company's adjusted net asset value (NAV) per share, including adjustments for the estimated net proceeds from the allotment and issue of placement shares and based on the post-placement share capital of 167,678,800 shares, stands at S$0.0957.
☆ 》 Upon completion of the placement, LHN will remain a controlling shareholder with approximately 84.1 per cent of the post-placement issued share capital.
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WHY?. Engine not starting, no momentum......:)
seanpent ( Date: 09-Sep-2020 13:31) Posted:
| not bad, got action ..... |
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It would be up to 😁 Mr Wong (4G) to pick his choice of deputy and his team later.
😗 "To be effective as a PM, he must be able to trust and rely on his ministers, and his ministers must also be team players, to support and supporting the team. And they all have to help the team to score goals collectively for Singapore."
teeth53 ( Date: 17-Apr-2022 10:54) Posted:
https://www.straitstimes.com/singapore/politics/lawrence-wong-clear-choice-to-helm-paps-4g-leadership-with-15-of-19-stakeholders-backing-him
teeth53 ( Date: 17-Apr-2022 10:53) Posted:
| Lawrence Wong clear choice to helm PAP's 4G leadership, with 15 of 19 stakeholders backing him |
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https://www.straitstimes.com/singapore/politics/lawrence-wong-clear-choice-to-helm-paps-4g-leadership-with-15-of-19-stakeholders-backing-him
teeth53 ( Date: 17-Apr-2022 10:53) Posted:
Lawrence Wong clear choice to helm PAP's 4G leadership, with 15 of 19 stakeholders backing him.
bishan22 ( Date: 02-Apr-2022 07:15) Posted:
| China zero tolerance for COVID is a laughing stock...no wonder the residents are frustrated for the lockdown.😊 |
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Lawrence Wong clear choice to helm PAP's 4G leadership, with 15 of 19 stakeholders backing him.
bishan22 ( Date: 02-Apr-2022 07:15) Posted:
China zero tolerance for COVID is a laughing stock...no wonder the residents are frustrated for the lockdown.😊
teeth53 ( Date: 17-Mar-2022 14:10) Posted:
| China's Covid resurgence is part of the reason oil prices plummeted. ☆ 》 Crude prices fell back drastically in the beginning of this week, dropping more than 27% below recent highs to less than $100 a barre |
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KUALA LUMPUR: Ismail Sabri Yaakob has been picked by the United Malays National Organisation (UMNO) as its prime minister candidate for the upcoming Malaysian general election.
☆ 》 ?UMNO supreme council unanimously proposed for Ismail Sabri to be its prime minister candidate for the coming 15th general election," party secretary-general Ahmad Maslan said in a statement on Thursday (Apr 14)
teeth53 ( Date: 09-Apr-2022 01:02) Posted:
Malaysia has had three prime ministers in three years as political instability overshadows it, as the nation gears up for a general election that is widely expected to be called by year-end.
☆ 》 Anwar once held the premiership runner-up position between 1993-1998, with then Dr M. Openly naming him as a successor. But...😆 .
@Reuters
cobrajr ( Date: 19-Mar-2022 22:11) Posted:
| As long as they keep fumbling, we will survive |
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No 8c arhh...Players buying 12c......:)
teeth53 ( Date: 23-Sep-2021 13:13) Posted:
5c hardly can get....players buying 8c.
peterwong321 ( Date: 21-Sep-2021 17:37) Posted:
| Q is free, try 0.005 if get q 0.006 can make money, 6,7 dun buy |
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As 2nd-largest economy in the world, investors cannot to ignore China in investment.
☆ 》 There: 5 China-focused REITs listed (SGX) - 1) CapitaLand China Trust, 2) BHG Retail REIT, 3) Dasin Retail Trust, 4) EC World REIT and 5) Sasseur REIT.
☆ 》 Things to consider when investing in China-focused REITs. There has been increasing uncertainty over loan refinancing - reported both Dasin Retail Trust in Dec-2021 and EC World REIT more recently.
☆ 》 REITs were severely affected by the COVID-19 pandemic abd global economies are well., China is still pursuing a zero-COVID policy - which continue to impact various REITs in China.
☆ 》 In a bid to fight inflation, central banks globally are looking to increase interest rates. This may pressure REITs even further as the cost of borrowing goes up.
☆ 》 We look at...DollarsAndSense.sg. ☆ 》 Contributed By: Dollars And Sense
des_khor ( Date: 11-Apr-2022 15:10) Posted:
| Lelong again ? CapitaLand just privatised it since trade at deep discount . |
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https://www.businesstimes.com.sg/companies-markets/nutryfarm-requests-trading-suspension-pending-review-of-ongoing-concerns
MakeChanges ( Date: 11-Apr-2022 07:56) Posted:
expected. shareholders money stuck again.
spursfan ( Date: 11-Apr-2022 07:52) Posted:
Request for Suspension::Mandatory
https://links.sgx.com/1.0.0/corporate-announcements/MDI9J969FV59I9MF/5cb600d9501acbf879aaebd602b36079a0e006555f83e3ec7a29c57d22c818d0 |
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Sasseur REIT (CRPU ) owns a portfolio of four outlet malls in Chongqing, Kunming and Hefei. Its market capitalisation is $1.0b, making it the 2nd-largest China-focused S-REIT.
☆ 》 Its FY2021 results, its rental income amounted to $127.5 million, about 10% higher than FY2020. Its DPU also rose 8.5% to $0.07104.
☆ 》 In YTD 2022, Sasseur REIT's share price has dipped about 1% to $0.835. Resultantly, it is trading at a dividend yield of 9%.
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As 2nd-largest economy in the world, investors cannot afford to ignore China in our investment portfolio. For REIT investors in Singapore, there also 5 China-focused REITs listed on the SGX - CapitaLand China Trust BHG Retail REIT Dasin Retail Trust EC World REIT Sasseur REIT.
☆ 》 However, there are several things we need to consider when investing in China-focused REITs. First, there has been increasing uncertainty over loan refinancing - as reported by both Dasin Retail Trust in December 2021 and EC World REIT more recently.
☆ 》 Like most businesses, REITs were severely affected by the COVID-19 pandemic. Even as global economies are well into their re-opening strategy today, China is still pursuing a zero-COVID policy - which will continue to impact various REITs in China.
☆ 》 The COVID-19 pandemic has also led to heightened inflation. First, disrupting supply chain and then having to catch up with pent-up demand as economies reopen. Russia's invasion of Ukraine has also contributed to rising inflation concern in the world. In a bid to fight inflation, central banks globally are looking to increase interest rates. This may pressure REITs even further as the cost of borrowing goes up. At the same time, the corresponding economic growth, that usually follows higher interest rates, may not be as strong.
☆ 》 We look more closely at the 5 China-focused S-REIT.
The post 5 China-Focused S-REITs That You Can Invest In: CapitaLand China Trust BHG Retail REIT Dasin Retail Trust EC World REIT Sasseur REIT appeared first on DollarsAndSense.sg.
☆ 》 Contributed By: Dollars And Sense
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KTL Global to acquire Tuas industrial property for S$6m expands into distribution. ☆ 》 Entered into a non-binding memorandum of understanding with Warehouse Logistics Net Asia.
☆ 》 Property is currently being leased by Singapore e-commerce platform Ebuy, a distributor of fresh produce in Singapore that KTL is acquiring 51 per cent.
☆ 》 Industrial property has a remaining lease of seven years. KTL intends to submit a request to JTC Corporation for a lease extension.
☆ 》 Ebuy distributes fresh produce to food service providers, retailers, restaurants and hotels. With its fulfilment centre, it has built up its own logistics supply chain network with a fleet of delivery vehicles, KTL said.
☆ 》 Group's executive director Chin Teck Oon said property acquisition will provide strong foundation and efficient supply for KTL's fresh produce and consumer goods business activities.
☆ 》 This will enable us to better serve a larger customer base with a wider range of consumer products that we aim to import, market and distribute in Singapore," he added.
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Dasin Retail Trust (DRT) is a China retail property trust listed on SGX. ☆ 》 signs MOU for potential divestment of 2 malls.
Joelton ( Date: 21-Mar-2022 09:10) Posted:
Dasin Retail Trust signs MOU for potential divestment of 2 malls
THE trustee-manager of Dasin Retail Trust on Sunday (Mar 20) announced that it has entered into a non-binding memorandum of understanding (MOU) for the potential divestment of 2 of its retail properties - Shiqi Metro Mall and Xiaolan Metro Mall.
Net proceeds from the sale of the properties are expected to be used to repay the trust' s existing syndicated loans, with the remainder to be used for working capital purposes.
Shiqi Metro Mall and Xiaolan Metro Mall were valued at 2.81 billion yuan (S$599.6 million) and 2.02 billion yuan respectively as at Dec 31, 2021.
Sino-Ocean Capital, a substantial unitholder of the trust via its affiliate, will jointly manage the purchaser, buyout fund Wuhu Yuanche Bisheng Investment Center, with GSUM Real Estate Fund Management Co.
The affiliate, Glory Class Ventures, holds approximately 6.3 per cent of Dasin Retail Trust as at Mar 18.
Dasin Retail Trust said the MOU does not restrict the trustee-manager from soliciting higher or otherwise better offers by other third parties.
The Singapore-listed real estate investment trust (S-Reit) currently holds 7 retail properties in its portfolio.
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Deadline critical, creditors can always give an interim extension, like what? What how DRT does it thrice. Issue is refinancing of what?. Forward, will NutryFarm take a hit. (New Executive Chairman)
Joelton ( Date: 10-Mar-2022 09:01) Posted:
Nutryfarm appoints new executive chairman
NUTRYFARM International has appointed Wu Yongqiang as its new executive chairman. It has also redesignated former chief executive officer (CEO) and chairman Terence Luk Chung Po as non-executive director. The appointments are effective on Tuesday (Mar 8).
Wu - who is concurrently KTL Global' s non-executive chairman - has been a substantial shareholder of Nutryfarm since Jun 30, 2021. He owns a 13.97 per cent stake in the durian and health foods distributor as at Wednesday, the company said in a bourse filing.
It added that Wu had written to the company on Dec 27, 2021, to consider his appointment to its board as a non-independent and non-executive director, as well as on Mar 4, to consider appointing him as executive chairman.
In the second letter, Wu provided certain additional information and documents, including an investigation report dated Jan 10 issued by a law firm in China.
Wu had requested the board to consider his appointment as executive chairman because of " certain key relevant material events or developments that have transpired" between the time of Wu' s first letter and his second. This includes the redesignation of roles and responsibilities of former CEO Luk and another executive director.
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EC World Reit down 10.9% on uncertainty over loan refinancing.
marketuncle ( Date: 10-Apr-2022 12:44) Posted:
| The deadline is not that critical, the creditors can always give an interim extension like how DRT does it thrice. The real issue is the refinancing terms. Forward DPU will sure take a hit. |
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Malaysia has had three prime ministers in three years as political instability overshadows it, as the nation gears up for a general election that is widely expected to be called by year-end.
☆ 》 Anwar once held the premiership runner-up position between 1993-1998, with then Dr M. Openly naming him as a successor. But...😆 .
@Reuters
cobrajr ( Date: 19-Mar-2022 22:11) Posted:
| As long as they keep fumbling, we will survive |
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HO...HO...HO....Bull or Bear. Opportunities for NutryFarm.😀
tedlim ( Date: 05-Apr-2022 19:35) Posted:
Today has 2 NEWS announced..both anouncements are opposite of each other...
One is positive and one is negative |
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Corpbond Loans will expire, Mar-2022 to Nov-2022, and the Company has been in discussions with Corpbond to explore the possibility of restructuring the Corpbond Loans into convertible bonds with a new maturity date beyond 2022 (' Possible Restructuring of the Corpbond Loans' ). Such discussions, if successful, will enable the maturity date of the Corpbond Loans to be extended???.
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Corpbond IV Ltd (collectively the ' Corpbond Loans'. Corpbond Loans are made up of 12 tranches, disbursed to Company between 17 Apr-2017 to 13 Nov-2018, including 5 tranches, which, were originally disbursed to the Company by NewStar but transferred by way of novation by New Star to Corpbond IV Ltd (' Corpbond' ) on 29 January 2021.
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Halted, ?.
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About teeth53
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