With the bulk of its gas network infrastructure already constructed and financed, and future capital expenditure (relate  primarily to new industrial connections and safety enhancements) to be funded through internally generated cash flows. The matured Gas Business is riped for Separate Listing once it can show a few quarters of increasing profits. This time round, hopefully the Management can avoid the deteriorated China' s Market and list in HK Exchange  or SGX instead.


Abit Of Past Event!

13th October 2015 - Ipco International Limited (&ldquo Ipco&rdquo ) announced that its subsidiary, Hubei Zhong Lian Huan Energy Investment Management Limited (&ldquo Hubei Zhong Lian Huan&rdquo ), has been granted Approval in Principle from the National Equities Exchange and Quotations Limited Liability Company (全 国 中 小 企 业 股 份 转 让 系 统 有 限 责 任 公 司 ) in respect of the proposed listing of Hubei Zhong Lian Huan on the New Third Board.   

https://stock.zaobao.com.sg/counters/news?nid=121793


https://www.zhunshangshi.com/org/10475697.html



On July 30, 2020, the company submitted the materials required for delisting to the National Equities Exchange and Quotations (NEEQ).

https://xueqiu.com/S/NQ833823

https://www.neeq.com.cn/disclosure/2020/2020-08-13/1597304297_120774.pdf
 

 

 

Sentosa最 高 级 的 公 寓 】 Skyline One Sentosa | New Landmark Near Midvalley Southkey

https://www.youtube.com/watch?v=wxb5ZvD2VJc
 
https://www.youtube.com/watch?v=RkkSgEER1FU


More Video Available Online!

Not A Buy Call,  Please Do Your Own Due Diligence!
 

 

Significant Restriction

Cash and bank balances of approximately $6,498,000 (30 April 2025: $1,870,000), equivalent to RMB35,362,000 (30 April 2025: RMB10,395,000) held with the subsidiaries in the PRC are subject to local exchange control regulations. These regulations place restrictions on exporting capital out of the country other than through dividends and thus significantly affect the Group&rsquo s ability to access or use assets, and settle liabilities, of the Group.

(From My Observation, Cash & Bank Balance Had Increased Significantly Since The Implementation Of The Price Linking Mechanism For The Gas Business.)


Capital Reduction Reserve

The capital reduction reserve arose from a capital reduction exercise in year 2006 to reduce the par value of each issued and paid-up share capital of the Company from $0.20 to $0.05 to cancel an aggregate amount of $123,867,000 of the issued and paid-up share capital of the Company, of which $121,906,000 represents issued and paid-up share capital which had been lost and unrepresented by available assets, and the balance of $1,961,000 was credited to capital reduction reserve. 

(Company Should Seek Profession Advice To Utilize The Capital Reduction Reserve, Either In Share Buyback Or As Special Dividend To Reward Shareholders For Their Unwavering Support Over The Years!)

In the third financial quarter ended 31 January 2026 (&ldquo 3QFY26&rdquo ), the Group achieved a Turnover of S$27.0 million, which was S$5.7 million or 26.4% higher than the Turnover of S$21.3 million recorded for the corresponding quarter ended 31 January 2025 (&ldquo 3QFY25&rdquo ). 

Business Segments

The Group is organised into five main business segments:

1. Infrastructure development and turnkey construction - (I Strongly Believed Management Would Have Already Tendered For Multiple " Oil & Gas" Projects Pending Award & Announcement. Otherwise, The 400 Plus Staffs At HZLH Can Become An Excessive Burden!)

2. Property Development -  Capri Investments L.L.C. (&ldquo Capri&rdquo ) did not make any Turnover in 3QFY26 and 3QFY25 as there was no finalised sales agreement with home builders in the current and previous quarter.  With respect to our Falling Water Project located in Pierce County, near the cities of Seattle and Tacoma in the State of Washington, USA, management continues to work with its advisors to assess and determine the most lucrative development potential for the remaining acreage permitted under the current local zoning restrictions. Under the current zoning, normal development permitted includes sports facilities, religious buildings and educational centres. Management plans to engage with the relevant authorities to explore n re-zoning.

3. Gas Distribution, including revenue from service concession (which arose from construction) - Excellent Empire Limited (&ldquo EEL&rdquo ), via its wholly-owned subsidiary, China Environmental Energy Protection Investment Limited (&ldquo CEEP&rdquo ), which in turn through its China subsidiaries, supplies natural gas to households, commercial and industrial users in Anlu, Dawu, XiaoChang and Guangshui cities in Hubei, PRC, achieved a Turnover of S$18.1 million in 3QFY26, as compared with S$17.7 million in 3QFY25. The 2.3% increase in Turnover of S$0.4 million was mainly due to increase in natural gas sales.

4 Electronics & Trading. - ESA Electronics Pte Ltd (&ldquo ESA&rdquo ), recorded a 144.9% increase in Turnover of S$5.2 million to S$8.8 million in 3QFY26, as compared to a Turnover of S$3.6 million recorded in 3QFY25. The increase was mainly due to increased demand of burn-in boards by semi-conductor manufacturers in the current quarter  

5. Investment Securities Trading. (500,000,000 Annica Shares Held By IPCO International Limited, From What I Found Out In Annica' s 2024 Annual Report)

Strategic Initiatives

1. Entry into exclusive marketing agreement with Maxstar International Sdn Bhd. 
This agreement with Maxstar, under which Renaissance United Washington, LLC (&ldquo RUW&rdquo ), a wholly owned subsidiary of the Company, was appointed exclusive marketing agent for the marketing and distribution of Maxstar&rsquo s custom kitchen furniture in the USA was an initiative to generate an additional revenue stream for the Group. The Company' s management has met with key customers in the USA over the past month in order to prepare for the upcoming tariff increase from 25% to 50% for kitchen cabinets and bathroom vanities announced to commence on 1 January 2026.

2.  Pelangi Acquisition 
The developer SP Setia Berhad has been issued the strata title and the Company is making arrangements for its collection. The premises is fully tenanted. 

3. Skyline One Sentosa
As announced on 22 October 2025 and 22 January 2026 the Company had entered into a Sale and Purchase agreement with Plaza Sentosa Properties Sdn. Bhd for the acquisition of eight (8) dual key units of serviced apartment, within Aloft Tower, forming part of a development known as &ldquo Skyline One Sentosa&rdquo . 

ACQUISITION OF ADDITIONAL PROPERTY IN MALAYSIA BY A WHOLLY OWNED SUBSIDIARY OF THE COMPANY

The Board wishes to announce that the Purchaser signed a sale and purchase agreement on 31 December 2025 for the acquisition of an additional serviced apartment unit, being Unit A-23-18 from the Vendor located in the same development complex as the seven units as announced on 22 October 2025 - Skyline One Sentosa. The Company had originally applied to reserve this Unit A-23-18 along with the other seven apartment units on 28 September 2025. However, only the seven initial units comprising the Initial Acquisition were confirmed for purchase on 22 October 2025 when the Vendor executed the sale and purchase agreements relating to these seven units. The Vendor was at the time unable to release the New Unit for sale as it was reserved for Bumiputra purchase only. The Prior Acquisition and the Current Acquisition are also referred to as the Acquisitions, where the context allows.
 

In late December 2025, the Vendor informed the Company that the New Unit was available for sale at the price previously applied to be reserved by the Purchaser on 28 September  2025. Consequently, the Purchaser signed the Additional SPA on 31 December 2025 and returned its signed copy of the Additional SPA for the Vendor' s counterpart execution. On 20 January 2026, the Vendor' s conveyancing lawyer delivered the fully executed and stamped Additional SPA to the Purchaser.

The New Unit acquired is part of Skyline One Sentosa. Following the Current Acquisition, the Purchaser has acquired a total of eight units, collectively, the Properties. The New Unit and the seven other units are distinguished by the following characteristics:

1. Total No. of Parcels: Eight units of serviced apartments within the Aloft Tower of the Skyline One Sentosa Project.

2. Parcel No.: Initial Acquisition: A-15-16, A15-17, A15-18, A15-19, A-23-16, A23-17 and A23-19. Current Acquisition: A-23-18.

3. Total Floor Area of the Acquisition: 440 square metres (Initial 7 units: 385 square metres 3 + New Unit: 55 square metres).

4. Tenure: Freehold Interest.

5. Stage of Completion: The building is currently under development progress and is expected to be completed within sixty-six months from the date of the SPA and the Additional SPA, respectively.

Revenue From Sales Of Goods For The Period Of 3 Months Ending 31 October 25 Had Increased A Hefty 19.7% From S$3,213,000 To S$3,845,000.

Total Comprehensive Income (Loss) For 3 Months Had Reversed From A Loss Of S$2,165,000 Q2FY24 To A Positive Gain Of S$57,000 For Current 3 Months.

Cash & Cash Equivalent On Hand Remains Adequate For Any Foreseeable Expendition  At S$8,419,000

Historically, the prices HZLH could charge for residential gas were subject to review by local governments and were not linked to any seasonal increases in purchase costs by HZLH. The new pricing policy, with increased prices for residential supply, is expected to enable the Group to better manage its operations, as it takes into consideration HZLH&rsquo s upstream gas purchase costs with periodic reviews. The implementation of the new pricing policy is expected to have a positive impact on the financial performance of the Group.

HZLH plans to expand its market by supplying gas to new industrial parks and supporting the transition of remaining industries from coal to natural gas, in line with national energy and environmental objectives. In addition, the Group has consistently received substantial customer prepayments, reflected as contract liabilities, which provide upfront liquidity and indicate sustained demand for its services.

The Group also expects to benefit from interest rate cuts by the PRC central bank aimed at stimulating the economy.

On the Group&rsquo s acquisition of the Pelangi Avenue shop lot in Johor Bahru, Malaysia, the investment had generated positive cash flow starting August 2025. The top three floors have been leased. Based on anticipated rental yield and potential capital appreciation, the investment is expected to contribute to the Group&rsquo s financial sustainability. During the financial year ended 30 April 2025, a non-refundable deposit of $966,000 was paid for the acquisition of Pelangi Avenue shop lot.  The Company is still awaiting receipt of the strata title from the developer SP Setia Berhad. The premises is now fully tenanted. 

There is no change in the Company' s share capital and its issued shares remained at 6,180,799,986 ordinary shares as at 31 October 2025 and 30 April 2025 respectively. 

Net asset value per ordinary share remains unchange at S$0.003

As announced on 22 October 2025 the Company had entered into a Sale and Purchase agreement with Plaza Sentosa Properties Sdn. Bhd for the acquisition of seven (7) dual key units of serviced apartment, within Aloft Tower, forming part of a development known as &ldquo Skyline One Sentosa&rdquo . For further information, please refer to said announcement. 

Expansion into new markets and diversification of property business

The Company is currently updating the circular to include the Skyline One Sentosa units. Once the circular is ready for dissemination, the Company will make an announcement and notify shareholders of the date an extraordinary general meeting will be held. 

For Full Detail, Please Refers To The Company' s Announcement!

" The Board of Directors of Renaissance United Limited wishes to announce that, based on a preliminary review of the draft unaudited consolidated financial results for the Second quarter and Six months period ended 31 October 2025, the Company and its subsidiaries are expected to report a net loss for the period. The loss is predominately due to reduced installation sales to new customers by the Group' s China gas distribution business. The Group is in the process of preparing and finalising its financial results for the said period and further details will be disclosed in its forthcoming announcement which will be made on or before 15 December 2025."