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Abundance int
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Taylor
Veteran |
23-Jan-2025 09:54
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Con job Avoiding | ||
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Taylor
Veteran |
22-Jan-2025 14:13
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Good to see This one wake up Singapore first | ||
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SmallSmall
Supreme |
22-Jan-2025 13:55
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Looks interesting. ENTRY INTO JOINT VENTURE AGREEMENT 1. INTRODUCTION 1.1. The board of directors of Abundance International Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) would like to announce that the Company&rsquo s wholly-owned subsidiary, Abundance Investments Pte. Ltd. (the &ldquo Subsidiary&rdquo ), has today entered into a joint venture agreement (the &ldquo JVA&rdquo ) with (a) Dalian Boyuan Innovation and Technology Co., Ltd (大 连 博 远 创 新 科 技 有 限 公 司 ) (the &ldquo JV Partner (Boyuan)&rdquo ) and (b) Dalian Qinxing New Materials Technology Development Partnership (Limited Partnership) (大 连 市 勤 行 新 材 料 科 技 开 发 合 伙 企 业 （ 有 限 合 伙 ） ) (the &ldquo JV Partner (Qinxing)&rdquo ) (each a &ldquo JV Partner&rdquo , and together, the &ldquo JV Partners&rdquo ) to incorporate and operate a Sino-Foreign Joint Venture Entity (the &ldquo JV Company&rdquo ) in the People&rsquo s Republic of China (the &ldquo PRC&rdquo ) (the &ldquo Joint Venture&rdquo ), pursuant to which the Subsidiary, JV Partner (Boyuan) and JV Partner (Qinxing) will hold 40%, 40% and 20% of the registered share capital of the JV Company respectively. 2. INFORMATION ON THE JOINT VENTURE 2.1. The JV Company shall be incorporated as a limited liability company under the laws of the PRC. Pursuant to the governing laws of the PRC, the business licence (the &ldquo Business Licence&rdquo ) of the JV Company is subject to the approval of the State Administration for Industry and Commerce (the &ldquo SAIC&rdquo ) of the PRC and the establishment date (the &ldquo Establishment Date&rdquo ) of the JV Company shall be the approval date of the Business Licence issued by the SAIC. Thereafter, in line with the usual practices in the PRC, the Business Licence will have a validity of twenty years. 2.2. The JV Company will principally be engaged in the development of technology to enable commercial production of environmentally friendly chemicals. 2.3. Under the JVA, the JV Company intends to build and own a hundred-ton facility for the commercial-scale production of furan dicarboxylic methyl ester (&ldquo FDME&rdquo ) from glucose that is derived from agriculture waste and non-grain biomass. The technology was originally developed and patented (the &ldquo Initial Patent&rdquo ) by the Dalian Institute of Chemical Physics (大 连 化 学 物 理 研 究 所 ) (the &ldquo Dalian Institute&rdquo ), a renowned chemical research institute in China, at the laboratory level. JV Partner (Boyuan) had been granted the exclusive licence by the Dalian Institute to conduct further research and finetune the patented technology for commercial scale production and had invested considerable financial resources to commence the building of the hundred-ton facility. It is expected that the building of the facility will be funded by contributions to the registered capital of the JV. Pursuant to the JVA, JV Partner (Boyuan) will procure, inter alia, that (a) the 2 licence be issued directly to the JV Company following its establishment, (b) the fixed assets installed to date will be transferred to the JV Company, and (c) the JV Company will hold 60% beneficial interest in the Initial Patent to be granted by the Dalian Institute. When successful, the JV Company shall register and own the patent for the technology to produce FDME from agriculture waste on a commercial scale. 2.4. As the business of the Joint Venture (a) is in the ordinary course of business of the Company, (b) is part of the Company&rsquo s existing core chemicals division and (c) does not change the Company&rsquo s risk profile, the establishment of the Joint Venture will not constitute as a &ldquo transaction&rdquo for the purpose of Chapter 10 of the SGX-ST Listing Manual. 3. INFORMATION ON THE JV PARTNERS 3.1. JV Partner (Boyuan) is a limited liability company incorporated under the laws of the PRC. It is principally engaged in the business of computer control system design and integration, computer software development, and in the sales, installation and maintenance of air conditioners, household appliances, electromechanical equipment, instruments and meters. It also deals with the sales of building materials, decoration materials, hardware products, daily groceries, and office supplies, the import and export of goods and technology, domestic general trade as well as mechanical processing and the production and processing of various metal parts. 3.2. JV Partner (Qinxing) is a limited liability company incorporated under the laws of the PRC. It is principally engaged in investment activities, technical services, technology development, technical consulting, technology exchange, technology transfer, technology promotion engineering and technology research, experimental development and new material technology promotion services. 3.3. The JV Partners are independent third parties and are not related to the Company or its directors or controlling shareholders (as defined in the Catalist Rules of the SGX-ST Listing Manual). 4. PRINCIPAL TERMS OF THE JVA Investment and registered capital 4.1. At incorporation, the registered share capital of the JV Company will be RMB60,000,000 (approximately S$11,202,000 based on the exchange rate of RMB1 to S$0.1867), of which 40% shall be contributed by the Company, another 40% shall be contributed by the JV Partner (Boyuan) and the balance 20% shall be contributed by the JV Partner (Qinxing). Each of the JV Partner will contribute (in cash, tangible and intangible assets) as follows: (a) Company : RMB24,000,000 (approximately S$4,481,000) (b) Boyuan : RMB24,000,000 (approximately S$4,481,000) and (c) Qinxing : RMB12,000,000 (approximately S$2,240,000). 4.2. The respective contributions, which are to be made by 30 June 2025, were determined based on arm&rsquo s length negotiations between the Company and the JV Partners, and arrived at after taking into account the capital requirements of the JV Company and the fixed assets to be contributed by the JV Partners. 3 Directors 4.3. The board of directors of the JV Company shall comprise three (3) directors. The Company and the JV Partners shall be entitled to nominate one (1) director each. 5. RATIONALE FOR THE JOINT VENTURE The manufacturing, trading, storage and/or the manufacture or trading of equipment, accessories, consumables or peripherals used in the chemical industry and other related business is our Group&rsquo s core business. Given the recent emphasis placed by governments around the world on environmental protection, the Company is optimistic about the potential of the development of environmentally friendly chemical technologies. Through this Joint Venture, we hope to build on the new technology developed by the Dalian Institute and further develop the technology to enable commercial production of environmentally friendly chemicals like FDME and polyethylene furanoate (&ldquo PEF&rdquo ). We bring to the Joint Venture our experience in large scale chemicals production and trading, and our contacts with large chemical players in China and abroad. FDME is an intermediate chemical that can be used to produce biobased chemicals and materials, including plastics such as PEF. PEF is a plant-based, highly recyclable plastic, with superior performance properties compared to today&rsquo s widely used petroleum-based packaging materials. It has excellent barrier properties along with enhanced thermal and mechanical properties compared to polyethylene terephthalate (&ldquo PET&rdquo ) which is currently widely used in bottles for beverages and textiles. Therefore, PEF has many applications and tremendous potential in the packaging, textiles and films industries. Many global beverage, cosmetics and packaging companies have already taken actions to include PEF in their production process. Several big chemical players have already researched on and/or started to produce PEF. However, most players currently produce PEF using furan dicarboxylic acid as an intermediate chemical. Our potentially disruptive new technology will allow the production of FDME and in turn PEF, at a significantly lower cost. |
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superstartup
Elite |
07-Oct-2024 14:24
Yells: "Enjoy doing Fundamental Research" |
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Same industry in China as Jiutian ? Not sure sub sector same anot |
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Khaleesi
Member |
04-Oct-2024 18:42
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China gov going to pump 8000 billions Yuan first batch, not enough another 3k billions and continue as long Chain related stock can play. Lokk like China mining, China avition , Jadason move up without many notice .... now is the time for the rising of China, US can go 1 side | ||
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Joelton
Supreme |
13-Mar-2023 08:51
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Abundance International
On Mar 2, Abundance International : 541 +3.7% managing director Sam Kok Yin acquired one million shares of the Catalist-listed stock at a consideration of S$26,000. This took his total interest in the company from 20.64 per cent to 20.72 per cent.
Sam is responsible for the overall business operations and management of the group&rsquo s business, particularly in investment-related matters.
On Feb 27, Abundance International reported that the 20 per cent lower revenue for its FY22 (ended 31 Dec) was mainly due to a decrease in average selling price of the chemical products, whereas the lower profitability was mainly due to a significant net gain on a disposal made via its wholly owned subsidiary, Orient-Salt Chemicals (Shanghai) in FY21.
The company&rsquo s businesses comprise chemicals, investments and print and paper management.
Prime US Reit
Following, the retirement of Prime US Reit Management CEO Barbara Ruth Cambon, Harmeet Singh Bedi has been appointed as CEO of the manager with effect from Mar 8.
Singh was previously deputy CEO and CFO of the manager and maintains a 0.06 per cent direct interest in Prime US Reit.
Based in Singapore, Bedi works closely with the board and management team to define and execute the overall corporate and growth strategy for Prime, while overseeing its strategic development, day-to-day management, and operations.
He has close to 30 years of investment and commercial banking experience in Singapore, Hong Kong, and India.
Prime US Reit : OXMU -2.7% offers investors unique exposure to a high-quality portfolio of 14 Class A freehold office properties which are strategically located in 13 key US office markets.
Prime US Reit&rsquo s portfolio has a total carrying value of US$1.54 billion as at Dec 31, 2022.
The writer is the market strategist at Singapore Exchange (SGX). To read SGX&rsquo s market research reports, visit sgx.com/research.
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spursfan
Elite |
27-Feb-2023 20:24
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FY2022 press release https://links.sgx.com/1.0.0/corporate-announcements/DISJBTCY2RASBD4Z/748084_Abundance%20-%20PR%20FY2022.final.pdf |
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des_khor
Supreme |
26-Aug-2022 09:20
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Can chiong ?
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des_khor
Supreme |
25-Aug-2022 17:26
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Got some movement | ||
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MakeChanges
Elite |
20-Apr-2022 08:55
Yells: "No price is too low for a bear or too high for a bull" |
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Company paying dividend 0.05 per share | ||
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peterwong321
Veteran |
15-Apr-2022 21:15
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Well spotted, support | ||
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SmallSmall
Supreme |
13-Apr-2022 09:02
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Moving .... | ||
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SmallSmall
Supreme |
12-Apr-2022 15:49
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This one can accumulate $0.031 and below for possible play. Limited downside as Simon Eng has bought at $0.03 in Dec 2021. Company is also profitable and has declared a dividend per share of $0.0005 which has not been paid. |
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noobnub
Supreme |
11-Feb-2022 16:02
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bought 34 try my luck for next week | ||
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noobnub
Supreme |
10-Feb-2022 09:23
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now 34 small sellers haha
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noobnub
Supreme |
10-Feb-2022 09:09
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35 so much selling can short? | ||
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bilibalaboom777
Senior |
28-Dec-2021 16:14
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Abundance BB go go go ! wait u at 60 soon . | ||
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Joelton
Supreme |
13-Dec-2021 09:34
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Abundance International
On Dec 6, Abundance International $ Abundance Intl: 541 -3.23% managing director Sam Kok Yin acquired 1,263,500 shares of the Catalist-listed stock at a consideration of S$36,642.
This took his total interest in the company from 20.13 per cent to 20.23 per cent.
Sam is responsible for the overall business operations and management of the group' s business, particularly in investment-related matters.
Back on Aug 11, Abundance International, with businesses that comprise chemicals, investments and print and paper management, reported a H1FY21 (ended Jun 30) total profit of US$5,402,000, a reversal from a loss of US$799,000 in its H1FY20.
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MakeChanges
Elite |
17-Nov-2021 10:08
Yells: "No price is too low for a bear or too high for a bull" |
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can buy and hold for a few mths to see
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Stocksguru
Master |
17-Nov-2021 10:00
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Sleep for long may be can try to buy a it now and sell at 4 | ||
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