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Latest Forum Topics / Hiap Seng Ind    Last:0.016    -0.001  Post Reply
Hiap Seng mini multi bagger

piscesmonkey
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27-Oct-2025 16:48     
 
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 Alert Admin 		Consolidate mode at 32/33 once collect enough should breakout 38

Stocky901      ( Date: 27-Oct-2025 16:43) Posted:

Hope no throwing out at closing 😔 033 bottom..?

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Stocky901
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27-Oct-2025 16:43     
 
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 Alert Admin 		Hope no throwing out at closing 😔 033 bottom..?
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piscesmonkey
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27-Oct-2025 13:48     
 
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 Alert Admin 		Maybe some story coming out soon stay tune😋

Stocky901      ( Date: 27-Oct-2025 13:35) Posted:

Hold until next story comes out? 🧐

treetops      ( Date: 27-Oct-2025 13:32) Posted:

This must hold one
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Stocky901
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27-Oct-2025 13:35     
 
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 Alert Admin 		Hold until next story comes out? 🧐

treetops      ( Date: 27-Oct-2025 13:32) Posted:

This must hold one
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Stocky901
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27-Oct-2025 13:33     
 
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 Alert Admin 		No more story to tell liao.. those bought 034/035 how ah? 🧐

Grubber      ( Date: 27-Oct-2025 13:14) Posted:

dead, better eslsewhere today
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treetops
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27-Oct-2025 13:32     
 
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 Alert Admin 		This must hold one
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Grubber
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27-Oct-2025 13:14     
 
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 Alert Admin 		dead, better eslsewhere today
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piscesmonkey
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27-Oct-2025 13:09     
 
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 Alert Admin 		Consolidate mode. To breakout 38 and go above 40
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piscesmonkey
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27-Oct-2025 09:31     
 
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 Alert Admin 		Look like 32 buy point ah
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piscesmonkey
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27-Oct-2025 09:11     
 
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 Alert Admin 		If they buying amd hold for long term still ok

Stocky901      ( Date: 27-Oct-2025 09:06) Posted:

Late comers always kena trapped.. be careful 😉

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piscesmonkey
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27-Oct-2025 09:10     
 
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 Alert Admin 		Today 38?
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Stocky901
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27-Oct-2025 09:06     
 
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 Alert Admin 		Late comers always kena trapped.. be careful 😉
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piscesmonkey
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26-Oct-2025 17:34     
 
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 Alert Admin 		This is like next ASL in play

aragosta      ( Date: 26-Oct-2025 15:12) Posted:



As per my posts below.......If you want to play this stock, for mid term or long  term, you MUST ignore the negative noises on HSI' s CURRENT not so pretty fundamentals, otherwise u can never have a peace of mind investing in it......forget about its current NAV, its price to book value, its PE ratio etc etc etc......and yes, throw away those half past six charts and technicals diagrams! And ignore the talk downs and negativities by those not vested........

When a stock is on high octane high momentum, and market is drunken high on accumulating its shares, all the above has no effect on the stock........, you must  focus on its future growth, future earnings, future potential collaborations, possible catalytic developments e.g. m& a,  yes, anything that is future positives........Take half your holding as profits if you like to, but take a gamble with the other half and ride on its growth story....... u never know how high it can take you to......Sometimes, opportunity only comes once in a long long time, when it' s past it' ll never come back again....... like this stock @ $0.002, $0.003, $0.004, when I first alerted people here....... It will never ever come back to this price.......ever again......

Let me tell you another coffee shop story........During the IFast' s first amazing run in 2000/2001, it was below a dollar in 2019.......I only went in when it was a dollar plus closer to two, because I was hesitating on its very low NAV, even though the gangsters were knocking my head so hard to buY........when it was almost four, I cashed out half my holdings, because in between, there were some nervous moments, like the company not getting a digital licence.......Then when it hit five plus, I cash out all, making total more than 200% profits......But I were to learn the painful lesson of not taking risks in a high octane high momentum stock....... in the months to come, I painfully watched it went up to $8, then $9, $10! Now, personally, if I already cashed out half my holdings and already earned substantially, I learn to take risks, if the momentum, as prescribed by those black market people, keeps on going........Anyway, to each his own, not trying to advocate you should be like those gangsters..........

If all goes well, my feel is that HSI could be another mini iFast in the making....... The key is how far the interest of CAG in HSI will go........As I wrote below,  this could be a very very possible avenue for a back door listing for the Aster Group........ but it is not going to happen overnight.......You have to be very patient........ and believe in the unbelievable story scripted by the gangsters........ and plse dyodddd and  READ THRU EVERY DAMNED MESSAGE I POSTED HERE, EVERY THING YOU WANT TO KNOW IS ALREADY STATED HERE.....don' t keep irritating by asking why Vibrant want to do this do that, why CAG want to do this do that?........ remember, lazy never gain anything useful......

See you next week! Off to another holiday on Ovation of the Seas, Mon to Thu!

aragosta      ( Date: 14-Oct-2025 22:37) Posted:

Earlier posts from the other side.......

In case u didn' t realise by now, this is something tantamount to a backdoor listing for CAG..... cheaper, faster, plus local presence advantages, safer environment with good inter government connections....

I' m not bother whether it will hit 0.04 or 0.05 today or next week.... because one day it would be worth much much more.....this should be long term if u r not the greedy mercenary type
Anyway, to each his own, dyoddd please because the gangsters have been too unbelievable nowadays....

========

want to talk down on the a stock, at least must have brains la, juz don' t make a fool of yourself by anyhow bad mouthing it..... what has NAV got to do with the run up of a stock which has the backing of a new very powerful and influential substantial shareholder who has the ears of his Indonesian governement and the investments from the country' s sovereign wealth fund?...... look, we are talking about new businesses, potential partnerships, greater avenues for earnings and revenues, potential future growth.....stuffs that institutional funds and venture capitalists look for....

DynaMac' s nav was only around twenty cents, yet Hanwha was willing to buy from Keppel at double the nav and then later made a takeover offer at triple the nav price.... why? maybe find time to read the following piece......

==========
   
Chandra Asri Group' s investment in Hiap Seng Industries brings potential for strategic collaborations, enhanced long-term value, and stronger market positioning,    particularly in the lucrative maritime and engineering sectors.  The partnership could facilitate access to Chandra Asri' s expertise and resources, potentially leading to growth opportunities and improved financial performance for Hiap Seng.   
   
A detailed look at the potential benefits:   
  • Strategic Collaboration:
    Chandra Asri, a major player in energy, chemical, and infrastructure solutions, can provide Hiap Seng with valuable insights and potential partnerships in these areas.
  • Enhanced Long-Term Value:
    The collaboration is expected to strengthen Hiap Seng' s foundation, potentially leading to increased profitability and sustained growth.
  • Strengthened Market Position:
    Chandra Asri' s presence can help Hiap Seng expand its reach in Singapore and the broader Southeast Asian region, particularly in maritime and engineering.
  • Access to Resources and Expertise:
    Chandra Asri' s established network and experience in related fields can offer Hiap Seng access to valuable resources and expertise, potentially boosting its capabilities and competitiveness.
  • Potential for Future Growth:
    The partnership could open doors to new business opportunities and facilitate the exploration of innovative solutions, contributing to Hiap Seng' s overall growth trajectory.
    ==========

    As I said, this stock has gone LT liao, it will have its ups and downs eventually...... but it will never go below 0.01, like 0.007   ever again..... good luck for waiting..... and talking down....
     


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aragosta
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26-Oct-2025 15:12     
 
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 Alert Admin

As per my posts below.......If you want to play this stock, for mid term or long  term, you MUST ignore the negative noises on HSI' s CURRENT not so pretty fundamentals, otherwise u can never have a peace of mind investing in it......forget about its current NAV, its price to book value, its PE ratio etc etc etc......and yes, throw away those half past six charts and technicals diagrams! And ignore the talk downs and negativities by those not vested........

When a stock is on high octane high momentum, and market is drunken high on accumulating its shares, all the above has no effect on the stock........, you must  focus on its future growth, future earnings, future potential collaborations, possible catalytic developments e.g. m& a,  yes, anything that is future positives........Take half your holding as profits if you like to, but take a gamble with the other half and ride on its growth story....... u never know how high it can take you to......Sometimes, opportunity only comes once in a long long time, when it' s past it' ll never come back again....... like this stock @ $0.002, $0.003, $0.004, when I first alerted people here....... It will never ever come back to this price.......ever again......

Let me tell you another coffee shop story........During the IFast' s first amazing run in 2000/2001, it was below a dollar in 2019.......I only went in when it was a dollar plus closer to two, because I was hesitating on its very low NAV, even though the gangsters were knocking my head so hard to buY........when it was almost four, I cashed out half my holdings, because in between, there were some nervous moments, like the company not getting a digital licence.......Then when it hit five plus, I cash out all, making total more than 200% profits......But I were to learn the painful lesson of not taking risks in a high octane high momentum stock....... in the months to come, I painfully watched it went up to $8, then $9, $10! Now, personally, if I already cashed out half my holdings and already earned substantially, I learn to take risks, if the momentum, as prescribed by those black market people, keeps on going........Anyway, to each his own, not trying to advocate you should be like those gangsters..........

If all goes well, my feel is that HSI could be another mini iFast in the making....... The key is how far the interest of CAG in HSI will go........As I wrote below,  this could be a very very possible avenue for a back door listing for the Aster Group........ but it is not going to happen overnight.......You have to be very patient........ and believe in the unbelievable story scripted by the gangsters........ and plse dyodddd and  READ THRU EVERY DAMNED MESSAGE I POSTED HERE, EVERY THING YOU WANT TO KNOW IS ALREADY STATED HERE.....don' t keep irritating by asking why Vibrant want to do this do that, why CAG want to do this do that?........ remember, lazy never gain anything useful......

See you next week! Off to another holiday on Ovation of the Seas, Mon to Thu!

aragosta      ( Date: 14-Oct-2025 22:37) Posted:

Earlier posts from the other side.......

In case u didn' t realise by now, this is something tantamount to a backdoor listing for CAG..... cheaper, faster, plus local presence advantages, safer environment with good inter government connections....

I' m not bother whether it will hit 0.04 or 0.05 today or next week.... because one day it would be worth much much more.....this should be long term if u r not the greedy mercenary type
Anyway, to each his own, dyoddd please because the gangsters have been too unbelievable nowadays....

========

want to talk down on the a stock, at least must have brains la, juz don' t make a fool of yourself by anyhow bad mouthing it..... what has NAV got to do with the run up of a stock which has the backing of a new very powerful and influential substantial shareholder who has the ears of his Indonesian governement and the investments from the country' s sovereign wealth fund?...... look, we are talking about new businesses, potential partnerships, greater avenues for earnings and revenues, potential future growth.....stuffs that institutional funds and venture capitalists look for....

DynaMac' s nav was only around twenty cents, yet Hanwha was willing to buy from Keppel at double the nav and then later made a takeover offer at triple the nav price.... why? maybe find time to read the following piece......

==========
   
Chandra Asri Group' s investment in Hiap Seng Industries brings potential for strategic collaborations, enhanced long-term value, and stronger market positioning,    particularly in the lucrative maritime and engineering sectors.  The partnership could facilitate access to Chandra Asri' s expertise and resources, potentially leading to growth opportunities and improved financial performance for Hiap Seng.   
   
A detailed look at the potential benefits:   
  • Strategic Collaboration:
    Chandra Asri, a major player in energy, chemical, and infrastructure solutions, can provide Hiap Seng with valuable insights and potential partnerships in these areas.
  • Enhanced Long-Term Value:
    The collaboration is expected to strengthen Hiap Seng' s foundation, potentially leading to increased profitability and sustained growth.
  • Strengthened Market Position:
    Chandra Asri' s presence can help Hiap Seng expand its reach in Singapore and the broader Southeast Asian region, particularly in maritime and engineering.
  • Access to Resources and Expertise:
    Chandra Asri' s established network and experience in related fields can offer Hiap Seng access to valuable resources and expertise, potentially boosting its capabilities and competitiveness.
  • Potential for Future Growth:
    The partnership could open doors to new business opportunities and facilitate the exploration of innovative solutions, contributing to Hiap Seng' s overall growth trajectory.
    ==========

    As I said, this stock has gone LT liao, it will have its ups and downs eventually...... but it will never go below 0.01, like 0.007   ever again..... good luck for waiting..... and talking down....
     

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beachlover1270
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26-Oct-2025 13:34     
 
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 Alert Admin 		I believe nothing is sacred in corporate manuevers and strategies. Compared to the value of the purchases in Spore Shell refinery and Exxon Mobil petro stations, any increased stakes in HSI by Chandra Asri is peanuts and just a penny in the ocean if it fits into their expansion and diverification strategies. For the significant stakeholders, it is definitely worth to consider if the price is attractive and right. It is worth your time and money to watch closely moves on HSI, VG/VE and related companies.
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SmallSmall
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26-Oct-2025 13:08     
 
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For info Vibrant Equities holds 49.3% of Hiap Seng Industries whilst listed Vibrant Group Ltd in turn owns 40% of Vibrant Equities.

Based on Vibrant&rsquo s Equities holdings of 2.2 bil Hiap Seng shares, the stake is currently worth about $75 mil based on closing price of $0.034.

So whatever good news that comes out of Hiap Seng will have positive impact on Vibrant as well.

Now this is the part I cannot figure out.

Currently Chandra Asri owns only about 11.9 % of Hiap Seng vs Vibrant&rsquo s 49.3%.

My question then is why would Chandra Asri use Hiap Seng as its vehicle when Vibrant is the dominant shareholder?

Is he going to buy them out or is he going to do a massive asset injection via shares issues to boost his stakes above Vibrant&rsquo s ?
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joe1991
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26-Oct-2025 12:55     
 
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 Alert Admin 		Jialat ..i sold my hsi on friday...the noise on hsi is no1 this wkend. See how it goes tomorrow..lucky i still have some other holdings. Can make some money too.

aragosta      ( Date: 26-Oct-2025 12:40) Posted:

In the days ahead, IF HSI move aggressively, there would be interest in VG also..... I think the immediate target is bringing nearer or over 0.20,   where the incremental increase would be higher than if it is below 0.20..... short target would be reaching its NAV , where at the AGM, Eric was screaming out loud where VG should at least be..... but remember, what I said, the gain from VE' s value in HSI would only be reflect in VG' s books unless VE declare a dividend or substantial cash distribution..... still if HSI price were to increase very substantially, and VE' s share value gonna sky rocket to the moon, you cannot ignore this phenomenal gain in VG' s books .....remember, VE paid only $0.00543 for each HSI' s share! 

To reiterate......
=============---

VE is an  associate company  of VG because VG owns a only 40% stake of VE.
(1)  The key difference between a subsidiary and an associate company is the percentage of shares held by the parent company.
~ Subsidiary:  A parent company must own a majority stake (typically more than 50% of voting shares) to have control.
~ Associate:  A parent company holds a minority stake (typically between 20% and 50%), which gives it " significant influence," but not full control.

(2)  As of a December 2021 SGX announcement, VG subscribed for a 40% stake in VE. This places its ownership squarely in the range of an associate.

Since VE is an  associate company  of VG, the parent company only gets  40% of the profits. This happens through a standard accounting method called  equity accounting. 
(1) VE is a separate legal entity.  It reports its own financial performance and keeps 100% of its profits and losses within its own books.
(2)  VG does not take 100% of VE' s profits. Instead, it uses equity accounting to record its 40% share of VE' s profits on its own financial books.
(3) Profits and cash are different.  The 40% share of profit is a non-cash accounting entry for VG. It doesn' t become actual cash for VG until VE decides to pay a dividend, or declare a special cash distribution
(4)  When VE pays a dividend, VG receives 40% of that cash. The dividend payment then reduces the value of the investment on VGs balance sheet.
(5)  The remaining 60% of the profits belong to the other shareholders of VE, which in this case are the CEO' s brothers. 
 


 

aragosta      ( Date: 20-Oct-2025 13:40) Posted:



It was revealed at the AGM, that VE had not sold a single share in HSI, although the gains at one point was almost 1000%!

Eric said they are in it for the long haul, and at the moment, they are very much focus to see their investment in HSI grow, especially now with the increase in investment and potential collaborations from CATCO. During the interactions (AGM' s breaks) he made a casual remark that he  will consider selling HSI shares only if the price is right and that only to a strategic partner or investor. By this, we can safely assume that he was referring to Chandra Asri and its new subsidiary Aster. 

Vibrant Capital
Vibrant Capital Pte Ltd (VC), a private company, is the major shareholder of Vibrant Group, a listed logistics company 
1.  As of July 25, 2025, VC holds a 49.4% stake in Vibrant Group (VG). 
2.  While VC is the single largest shareholder, the ultimate controlling shareholders are the family of VG' s CEO, Eric Khua Kian Keong. (Eric Khua personally holds 5.73%
3.  Eric Khua is deemed to be interested in the shares held by VC due to his controlling interest in that private company
4.  Other members of the Khua family, including Khua Hock Su and Vincent Khua Kian Ann, also hold interests in VC through their shareholdings in Lian Hup Holdings Pte Ltd, which has a stake in VC.    

Vibrant Group
Vibrant Group Limited (VG) is a SGX-listed investment holding company that operates in three main business segments: logistics, real estate, and financial services.
1.  The company was founded in 1981 as Freight Links Express and listed on  SGX mainboard in 1995. It was later renamed Vibrant Group Limited in 2013. The current CEO, Eric Khua, has held his position since November 2003
2.  VG' s major shareholders include: 
~ Vibrant Capital: Largest shareholder with 49.4% stake 
~ Eric Khua: CEO with 5.73%. He is also considered a controlling shareholder by virtue of his shareholding in VC.
~ Wang Yixin (3.83% of the shares).
~ Tan Su Lan (1.88% of the shares).
~ Teo Kee Bock (1.47% of the shares). 

Vibrant Equities
Vibrant Equities Pte Ltd (VE) is a private investment holding company which was incorporated in Singapore on October 24, 2007. The company was dormant since its incorporation but was involved in a share subscription by its parent company, Vibrant Group Limited, in December 2021. 
1.  In December 2021, VG announced the subscription of 40% shares in VE, making it a 40% owned associate of VG. It is important to note here that VE is considered an associate company and  not a subsidiary of VG
2.  VE shareholders
~ Vibrant Group (40%)
~ Khua Kian Hua (30%)
~ Khua Kian Ann, Vincent (30%)
Both Kian Hua and Kian Ann, brothers of Eric Khua, are considered " interested persons" in relation to VG due to their family relationship with Eric Khua, the Executive Director and CEO of VG. 

Why the lead of the Investor Group to rescue HSI was VE and not VG
VE, participated directly in the HSI' s rescue plan by leading an investor consortium in the restructuring process of HSI.
(1) When asked why it was not VG who should be leading the restructuring effort, Eric Khua claimed it had to structure the deal so as to comply with SGX rules, as VG is a SGX-listed company. What they were, he did not elaborate. But according to some, it had to do with compliance with SGX regulations governing interested person and discloseable transactions.
~ During the AGM interactions, Eric assured that VG was very much involved in the leading of HSI' s restructuring and, as CEO, he was the lead man in the discussions and negotiations.
~ Despite not being the direct investor, VG internally funded its portion of the cash injection via VE, although his two brothers as VE' s substantial shareholders put up the bulk of the money.  Eric assured that VG will ultimately gain, if HSI makes a profit or the value of VE' s shares in HSI gain substantially.

(2) There are also several strategic reasons and advantages why VG would use VE to inject capital into HSI, rather than getting directly involved.
~ This keeps the listed VG safe from any potential risks or problems associated with the restructuring project.
~ If the HSI rescue had failed, any financial losses would have been contained within VE, preventing a larger, negative impact on the entire VG' s finances. Remember, SGX-listed VG is answerable to its investors and shareholders.
~  By having VE directly handle the investment in HSI via the restructuring process, VG, as a major logistics and warehousing company, was able to pursue a different strategic investment in HSI' s offshore oil and gas business, without entangling in the operational challenges of the restructuring while at the same time fulfilling its own governance obligations as a public listed company.

Would VG' s gain financially if HSI' s price rises phenomenally?
This is in everybody' s mind in particular, VG' s shareholders. The answer from the horses' mouth during the interactions at the AGM was a resounding assurance that VG will gain financially, if the share value of VE' s stake in HSI increases substantially. But, but...... do remember that VE is an associate of VG, and not a subsidiary. For VG, the difference in gain is all about how it is recognized and reported on its financial statements, due to the different accounting rules for associates versus subsidiaries.
1.  As VG does not directly own the shares in HSI, the gain is proportionate to VG' s 40% ownership stake in VE. 
2.  The increased value of the HSI shares would be reflected on VG' s balance sheet through the consolidation of VE' s financials. This would improve VG' s consolidated net asset value.
3.  If VE were to sell its shares at the higher price, the realized profit would increase its earnings, which would, in turn, be reflected in VG' s consolidated EPS, potentially driving up its own share price. 
4.  Do note also the two brothers of VE provided cash injections into HSI as personal loans, so these loans have to be cleared, with interests.
5.  The key takeaway, is that Eric Khua assured he is on the side of shareholders and he himself is a shareholder is both VE and VG. (Which means, although he didn' t say out loud.....for VG' s shareholders to gain financially, VE has to declare the gains in HSI as a dividend, after they sold off HSI shares, otherwise the gains and profits in HSI is reflected in the balance sheets). At the moment Eric' s focus is in the business and fundamentals of HSI, because of his investments in HSI. It' s to his interest that the earnings and profits of HSI grow. In this respect, he is keen to get Chandra Asri more involved. That is why he revealed at the AGM, he has arranged for further meetings with CATCO and Aster' s people, and for them to visit the plant and facilities of HSI.
6.  Another thing to note is that Eric places great value and interests in VG. He wants to see the business and the fundamentals of VG grow. He said aloud that VG, which is trading at less than half its NAV, is greatly undervalued at the moment and is determined to see its share price grow MUCH higher.

More of this later in the story..... Including Sebastian' s take that CATCO must have done due diligence on HSI before it agrees to increase its stake in HSI to support the launch of CATCO' s new subsidiary, Aster Engineering Services Pte Ltd.

Next, hope to post, Chandra Asri' s synergistic alliance, and on-going and potential collaborations with HSI......


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aragosta
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26-Oct-2025 12:40     
 
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 Alert Admin 		In the days ahead, IF HSI move aggressively, there would be interest in VG also..... I think the immediate target is bringing nearer or over 0.20,   where the incremental increase would be higher than if it is below 0.20..... short target would be reaching its NAV , where at the AGM, Eric was screaming out loud where VG should at least be..... but remember, what I said, the gain from VE' s value in HSI would only be reflect in VG' s books unless VE declare a dividend or substantial cash distribution..... still if HSI price were to increase very substantially, and VE' s share value gonna sky rocket to the moon, you cannot ignore this phenomenal gain in VG' s books .....remember, VE paid only $0.00543 for each HSI' s share! 

To reiterate......
=============---

VE is an  associate company  of VG because VG owns a only 40% stake of VE.
(1)  The key difference between a subsidiary and an associate company is the percentage of shares held by the parent company.
~ Subsidiary:  A parent company must own a majority stake (typically more than 50% of voting shares) to have control.
~ Associate:  A parent company holds a minority stake (typically between 20% and 50%), which gives it " significant influence," but not full control.

(2)  As of a December 2021 SGX announcement, VG subscribed for a 40% stake in VE. This places its ownership squarely in the range of an associate.

Since VE is an  associate company  of VG, the parent company only gets  40% of the profits. This happens through a standard accounting method called  equity accounting. 
(1) VE is a separate legal entity.  It reports its own financial performance and keeps 100% of its profits and losses within its own books.
(2)  VG does not take 100% of VE' s profits. Instead, it uses equity accounting to record its 40% share of VE' s profits on its own financial books.
(3) Profits and cash are different.  The 40% share of profit is a non-cash accounting entry for VG. It doesn' t become actual cash for VG until VE decides to pay a dividend, or declare a special cash distribution
(4)  When VE pays a dividend, VG receives 40% of that cash. The dividend payment then reduces the value of the investment on VGs balance sheet.
(5)  The remaining 60% of the profits belong to the other shareholders of VE, which in this case are the CEO' s brothers. 
 


 

aragosta      ( Date: 20-Oct-2025 13:40) Posted:



It was revealed at the AGM, that VE had not sold a single share in HSI, although the gains at one point was almost 1000%!

Eric said they are in it for the long haul, and at the moment, they are very much focus to see their investment in HSI grow, especially now with the increase in investment and potential collaborations from CATCO. During the interactions (AGM' s breaks) he made a casual remark that he  will consider selling HSI shares only if the price is right and that only to a strategic partner or investor. By this, we can safely assume that he was referring to Chandra Asri and its new subsidiary Aster. 

Vibrant Capital
Vibrant Capital Pte Ltd (VC), a private company, is the major shareholder of Vibrant Group, a listed logistics company 
1.  As of July 25, 2025, VC holds a 49.4% stake in Vibrant Group (VG). 
2.  While VC is the single largest shareholder, the ultimate controlling shareholders are the family of VG' s CEO, Eric Khua Kian Keong. (Eric Khua personally holds 5.73%
3.  Eric Khua is deemed to be interested in the shares held by VC due to his controlling interest in that private company
4.  Other members of the Khua family, including Khua Hock Su and Vincent Khua Kian Ann, also hold interests in VC through their shareholdings in Lian Hup Holdings Pte Ltd, which has a stake in VC.    

Vibrant Group
Vibrant Group Limited (VG) is a SGX-listed investment holding company that operates in three main business segments: logistics, real estate, and financial services.
1.  The company was founded in 1981 as Freight Links Express and listed on  SGX mainboard in 1995. It was later renamed Vibrant Group Limited in 2013. The current CEO, Eric Khua, has held his position since November 2003
2.  VG' s major shareholders include: 
~ Vibrant Capital: Largest shareholder with 49.4% stake 
~ Eric Khua: CEO with 5.73%. He is also considered a controlling shareholder by virtue of his shareholding in VC.
~ Wang Yixin (3.83% of the shares).
~ Tan Su Lan (1.88% of the shares).
~ Teo Kee Bock (1.47% of the shares). 

Vibrant Equities
Vibrant Equities Pte Ltd (VE) is a private investment holding company which was incorporated in Singapore on October 24, 2007. The company was dormant since its incorporation but was involved in a share subscription by its parent company, Vibrant Group Limited, in December 2021. 
1.  In December 2021, VG announced the subscription of 40% shares in VE, making it a 40% owned associate of VG. It is important to note here that VE is considered an associate company and  not a subsidiary of VG
2.  VE shareholders
~ Vibrant Group (40%)
~ Khua Kian Hua (30%)
~ Khua Kian Ann, Vincent (30%)
Both Kian Hua and Kian Ann, brothers of Eric Khua, are considered " interested persons" in relation to VG due to their family relationship with Eric Khua, the Executive Director and CEO of VG. 

Why the lead of the Investor Group to rescue HSI was VE and not VG
VE, participated directly in the HSI' s rescue plan by leading an investor consortium in the restructuring process of HSI.
(1) When asked why it was not VG who should be leading the restructuring effort, Eric Khua claimed it had to structure the deal so as to comply with SGX rules, as VG is a SGX-listed company. What they were, he did not elaborate. But according to some, it had to do with compliance with SGX regulations governing interested person and discloseable transactions.
~ During the AGM interactions, Eric assured that VG was very much involved in the leading of HSI' s restructuring and, as CEO, he was the lead man in the discussions and negotiations.
~ Despite not being the direct investor, VG internally funded its portion of the cash injection via VE, although his two brothers as VE' s substantial shareholders put up the bulk of the money.  Eric assured that VG will ultimately gain, if HSI makes a profit or the value of VE' s shares in HSI gain substantially.

(2) There are also several strategic reasons and advantages why VG would use VE to inject capital into HSI, rather than getting directly involved.
~ This keeps the listed VG safe from any potential risks or problems associated with the restructuring project.
~ If the HSI rescue had failed, any financial losses would have been contained within VE, preventing a larger, negative impact on the entire VG' s finances. Remember, SGX-listed VG is answerable to its investors and shareholders.
~  By having VE directly handle the investment in HSI via the restructuring process, VG, as a major logistics and warehousing company, was able to pursue a different strategic investment in HSI' s offshore oil and gas business, without entangling in the operational challenges of the restructuring while at the same time fulfilling its own governance obligations as a public listed company.

Would VG' s gain financially if HSI' s price rises phenomenally?
This is in everybody' s mind in particular, VG' s shareholders. The answer from the horses' mouth during the interactions at the AGM was a resounding assurance that VG will gain financially, if the share value of VE' s stake in HSI increases substantially. But, but...... do remember that VE is an associate of VG, and not a subsidiary. For VG, the difference in gain is all about how it is recognized and reported on its financial statements, due to the different accounting rules for associates versus subsidiaries.
1.  As VG does not directly own the shares in HSI, the gain is proportionate to VG' s 40% ownership stake in VE. 
2.  The increased value of the HSI shares would be reflected on VG' s balance sheet through the consolidation of VE' s financials. This would improve VG' s consolidated net asset value.
3.  If VE were to sell its shares at the higher price, the realized profit would increase its earnings, which would, in turn, be reflected in VG' s consolidated EPS, potentially driving up its own share price. 
4.  Do note also the two brothers of VE provided cash injections into HSI as personal loans, so these loans have to be cleared, with interests.
5.  The key takeaway, is that Eric Khua assured he is on the side of shareholders and he himself is a shareholder is both VE and VG. (Which means, although he didn' t say out loud.....for VG' s shareholders to gain financially, VE has to declare the gains in HSI as a dividend, after they sold off HSI shares, otherwise the gains and profits in HSI is reflected in the balance sheets). At the moment Eric' s focus is in the business and fundamentals of HSI, because of his investments in HSI. It' s to his interest that the earnings and profits of HSI grow. In this respect, he is keen to get Chandra Asri more involved. That is why he revealed at the AGM, he has arranged for further meetings with CATCO and Aster' s people, and for them to visit the plant and facilities of HSI.
6.  Another thing to note is that Eric places great value and interests in VG. He wants to see the business and the fundamentals of VG grow. He said aloud that VG, which is trading at less than half its NAV, is greatly undervalued at the moment and is determined to see its share price grow MUCH higher.

More of this later in the story..... Including Sebastian' s take that CATCO must have done due diligence on HSI before it agrees to increase its stake in HSI to support the launch of CATCO' s new subsidiary, Aster Engineering Services Pte Ltd.

Next, hope to post, Chandra Asri' s synergistic alliance, and on-going and potential collaborations with HSI......

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tec96157
Senior
26-Oct-2025 12:28     
 
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 Alert Admin 		Really going to BIG HUAT on this HSI. 

aragosta      ( Date: 26-Oct-2025 11:01) Posted:



In case some still don' t understand....or refuse to believe...trust me, there' s more to come.... I not even half way thru the gangsters unbelievable story...... those who bought 0.004 and below, enjoy the watch..... BIYTB!!!

===============
Indonesia' s CAG to buy ExxonMobil' s Esso petrol kiosk chain in Singapore and how this acquisition may benefit HSI

Indonesian media news reported that CAG' s acquisition of ExxonMobil' s Esso petrol kiosks in Singapore represents a strategic expansion into its key regional market, strengthening the company' s downstream capabilities and advancing its goal of an integrated energy and mobility platform in Southeast Asia.
https://jakartaglobe.id/special-updates/chandra-asri-group-to-acquire-exxonmobils-esso-service-stations-in-singapore

CAG made use of AES' s parent company, Aster Chemicals and Energy (ACE), a wholly-owned subsidiary of CATCO, to acquire the ExxonMobil' s Esso petrol station chain in Singapore.
While earlier news media reported that CAG was engaged in talks for the acquisition, the final announcement of the purchase was confirmed through ACE. 
1.  The agreement was signed on October 24, 2025.
2. The deal includes 59 Esso petrol and service stations.
3. CAG through ACE will continue to operate the stations under the Esso brand, retain current customer loyalty progams and agree to purchase fuel from ExxonMobil. 
4. The potential acquisition was reportedly valued at around S$1 billion.
5. The transaction is subject to regulatory approval and is expected to be completed by the end of 2025.

Why this acquisition through ACE has a strategic connection to HSI
(1) This CAG' s purchase of the Esso petrol kiosk chain, will provide a clear strategic link that could create new opportunities for HSI.  ​
(2) This is because in July 2025, CAG through CATCO had increased its stake in HSI from 4.5% to 11.9%, becoming a substantial shareholder. 
(3) The main purpose of this increase in investment in HSI was to support the launch of AES   by providing AES with IMMEDIATE access to HSI' s existing engineering expertise and established track records. This rapidly expands AES' s capacity to offer engineering, procurement, and construction (EPV) services in the region.
(4) It is also  explicitly positioned as a partnership for future strategic collaboration, which  was expressed by both HSI' s CEO, Max Tan, and ACE' s director, Mashhad Dohadwala, that this relationship is a " potential opportunity to explore strategic collaborations" .
(5) It is imperative to note that the  acquisition of ExxonMobil' s Esso petrol kiosks was acquired through ACE, the parent company of AES.
(6)  As a newly established owner of a chain of 59 petrol stations, ACE will require regular maintenance, upgrading, and expansion work on its retail assets.  HSI has a long history of providing engineering and plant maintenance services for the oil and gas and petrochemical industries in Singapore.  Its services include tank fabrication and terminal services, which are directly relevant to the operation and maintenance of   ACE' s newly acquired fuel retail network.
(7) This collaboration will not be something new, as it was confirmed in the last AGM, that HSI  " has existing and ongoing business engagements with CAG, prior to this increase in shareholding, which followed CAG' s acquisition of Shell' s interest in the Singapore and Chemicals Park" .

HUAT AH! BIYTB!!!!

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aragosta
Supreme
26-Oct-2025 11:01     
 
aragosta About Contact  Quote this Post!  
Yells: "BBs never say why when they buy; never tell when they sell"
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 Alert Admin

In case some still don' t understand....or refuse to believe...trust me, there' s more to come.... I not even half way thru the gangsters unbelievable story...... those who bought 0.004 and below, enjoy the watch..... BIYTB!!!

===============
Indonesia' s CAG to buy ExxonMobil' s Esso petrol kiosk chain in Singapore and how this acquisition may benefit HSI

Indonesian media news reported that CAG' s acquisition of ExxonMobil' s Esso petrol kiosks in Singapore represents a strategic expansion into its key regional market, strengthening the company' s downstream capabilities and advancing its goal of an integrated energy and mobility platform in Southeast Asia.
https://jakartaglobe.id/special-updates/chandra-asri-group-to-acquire-exxonmobils-esso-service-stations-in-singapore

CAG made use of AES' s parent company, Aster Chemicals and Energy (ACE), a wholly-owned subsidiary of CATCO, to acquire the ExxonMobil' s Esso petrol station chain in Singapore.
While earlier news media reported that CAG was engaged in talks for the acquisition, the final announcement of the purchase was confirmed through ACE. 
1.  The agreement was signed on October 24, 2025.
2. The deal includes 59 Esso petrol and service stations.
3. CAG through ACE will continue to operate the stations under the Esso brand, retain current customer loyalty progams and agree to purchase fuel from ExxonMobil. 
4. The potential acquisition was reportedly valued at around S$1 billion.
5. The transaction is subject to regulatory approval and is expected to be completed by the end of 2025.

Why this acquisition through ACE has a strategic connection to HSI
(1) This CAG' s purchase of the Esso petrol kiosk chain, will provide a clear strategic link that could create new opportunities for HSI.  ​
(2) This is because in July 2025, CAG through CATCO had increased its stake in HSI from 4.5% to 11.9%, becoming a substantial shareholder. 
(3) The main purpose of this increase in investment in HSI was to support the launch of AES   by providing AES with IMMEDIATE access to HSI' s existing engineering expertise and established track records. This rapidly expands AES' s capacity to offer engineering, procurement, and construction (EPV) services in the region.
(4) It is also  explicitly positioned as a partnership for future strategic collaboration, which  was expressed by both HSI' s CEO, Max Tan, and ACE' s director, Mashhad Dohadwala, that this relationship is a " potential opportunity to explore strategic collaborations" .
(5) It is imperative to note that the  acquisition of ExxonMobil' s Esso petrol kiosks was acquired through ACE, the parent company of AES.
(6)  As a newly established owner of a chain of 59 petrol stations, ACE will require regular maintenance, upgrading, and expansion work on its retail assets.  HSI has a long history of providing engineering and plant maintenance services for the oil and gas and petrochemical industries in Singapore.  Its services include tank fabrication and terminal services, which are directly relevant to the operation and maintenance of   ACE' s newly acquired fuel retail network.
(7) This collaboration will not be something new, as it was confirmed in the last AGM, that HSI  " has existing and ongoing business engagements with CAG, prior to this increase in shareholding, which followed CAG' s acquisition of Shell' s interest in the Singapore and Chemicals Park" .

HUAT AH! BIYTB!!!!
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