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BH Global&rsquo s subsidiary prepares itself for potential spin-off by undergoing internal restructuring
BH Global Corporation&rsquo s subsidiary Sea Forrest International (SFI) has entered into an agreement with two other entities to prepare itself for a spin-off listing, which was first announced in April.
SFI has submitted a public filing for the spin-off, which involves restructuring to list STFS as its wholly-owned subsidiary.
The agreements between SFI, SFTS and SFP are for the purposes of assigning the benefit of a loan amount of $5 million originally owned from SFP to Beng Hui Marine Electrical settlement conducted by way of issuance of 4 million new ordinary shares in SFTS at a price of $1.25 and the abovementioned settlement being subject to conditions of approval for the potential spin-off.
The settlement has a long stop date, being one year from the date of agreement, of June 1, 2026.
BH Global is a Singapore-based technology company involved in the Marine and Offshore, Green LED, Integrated Engineering, Cyber Security, and Infrared and Thermal Sensing Technology industry.
Its subsidiary, Sea Forest International, is involved in engineering design, consultancy services, and marine solutions.
NEWS RELEASE -
BH Global?s subsidiary, Sea Forrest Power Solutions Pte Ltd, secures
contract for its first Full Electric Ready (FER) propulsion system with
Victory Petroleum Trading Pte Ltd.....https://links.sgx.com/1.0.0/corporate-announcements/NN8LB3DLEUNYY3J0/687428_BHG_NewsRelease_20Oct2021.pdf
BH Global wins LED lighting orders worth $5.8 mil in 1H
BH Global Corp, via its wholly owned unit Beng Hui Marine Electrical, has secured orders for LED lighting worth about $5.8 million in aggregate in 1H 2021.The orders mainly involve the supply of SOP technical LED lighting to new and repeat customers from local and overseas.
The SOP technical LED lighting will be utilised for new shipbuilding projects and retrofitting in replacement of conventional lighting onboard existing vessels, as well as OEM for a key strategic partner.
BH Global says the orders are to be fulfilled progressively in 2H 2021 and are not expected to have a significant impact on its performance in the current financial year.
According to BH Global, the push for sustainability and decarbonization by the International Maritime Organisation (IMO) has seen an uptake in demand for green LED lighting in the maritime industry in recent years.
" With energy saving and reduced maintenance costs, it makes commercial sense for ship owners to retrofit their existing vessels with our SOP LED lights as the [return on investment is only [two-to-three] years," says Vincent Lim, CEO of BH Global.
Shares of BH Global were last traded at 30 cents on July 19.
BH Global cyber security unit wins S$4.2 million in orders share price spikes 30.6%
Technology group BH Global Corp' s cyber security unit has secured orders totalling S$4.2 million in the first half of 2021, with these orders to be fulfilled progressively from the next quarter until the fourth quarter of 2022.Mainboard-listed BH stated its subsidiary Athena Dynamics' orders are not expected to have a significant impact on the performance of the group for the current financial year, according to its statement to the bourse on Monday.
BH owns 85 per cent of Athena Dynamics, which was spun off from BH Global Group' s IT department in 2014.
The orders mainly involve the provision of advisory, professional services and special technologies, for the protection of sensitive digital assets and critical information infrastructures from cyber attacks.
These orders are from government agencies, critical information infrastructure operators, multinational companies and small to medium-sized enterprises, said BH.
BH shares closed at S$0.32, after a 30.6 per cent jump on Monday, before the orders were announced.
Winding up of dormant unit to impact BH Global' s earnings
A DORMANT subsidiary of light equipment maker BH Global Corporation is being wound up, and the liquidation is expected to impact the group' s earnings for the financial year ending Dec 31.
Still, mainboard-listed BH Global said it expects to remain profitable for the financial year.
The loss on liquidation, of about S$4.5 million, does not affect the operations and cashflow of the group, it added.
Wonderful news
It followed the recent medical selldown also but will recover once the sentiment is back
Still holding on the gains
Profits half year is scary high
It followed the recent medical selldown also but will recover once the sentiment is back
Still holding on the gains
Profits half year is scary high
BH Global applies to exit SGX financial watch list
AUG 28, 2020 06:45 PM
MAINBOARD-LISTED BH Global Corporation has applied to exit the Singapore Exchange' s financial watch list, the company announced on Friday after the market close.
It had earlier satisfied one of two conditions for exiting the watch list - that of recording consolidated pre-tax profit for the most recently completed financial year. This earned it an extension of time to fulfil the other condition, which is that of achieving an average daily market capitalisation of at least S$40 million over the preceding six months.
The company has until June 4, 2021 to successfully exit the watch list.
BH Global said it would update shareholders on the results of its application, and advised caution in dealing in its shares. " Shareholders and potential investors should note that there is no certainty or assurance as to the outcome of the application to exit the watch list," it added.
The company' s shares closed down 1.5 Singapore cents or 2.38 per cent at 61.5 Singapore cents on Friday before the news.
hope those holders still holding huat ah!..... if the company give a good guidance, i might consider to buy back....
https://www.cnbc.com/2020/08/25/can-infrared-technology-help-stop-the-spread-of-covid-19.html
https://www.cnbc.com/2020/08/25/can-infrared-technology-help-stop-the-spread-of-covid-19.html
simplywall Fair Value @ $3.04
https://simplywall.st/stocks/sg/capital-goods/sgx-bqn/bh-global-shares
https://simplywall.st/stocks/sg/capital-goods/sgx-bqn/bh-global-shares
Follow general market trend
Down on Low volume
Down on Low volume
Wow 11% up today
Totally out of Vicplas today. Made additional small small kopi $.
imperial_blue ( Date: 24-Aug-2020 13:09) Posted:
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thanks bro... i can see you moved on to be better counters like vicplas and huat big time too! :)
superstartup ( Date: 24-Aug-2020 12:14) Posted:
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Congratulations. Huat ah.
While I started this discussion thread, I let go slightly early,
But then still made 100% return on very small capital (as this counter not much liquidity).
Not bad liao. Made some kopi $
While I started this discussion thread, I let go slightly early,
But then still made 100% return on very small capital (as this counter not much liquidity).
Not bad liao. Made some kopi $
imperial_blue ( Date: 24-Aug-2020 12:06) Posted:
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exited at 0.74-0.745, left 10k shares just for fun.... 200% return in 1.5months is enough.... good luck to all holders!
Same
Going $1
:)
Going $1
:)
This scanner also soaring
66cent now
marching towards $1
66cent now
marching towards $1
the buy queue at limit up is around half the total available shares in Taiwan....see already also scared - last 2 weeks
scare to buy, now i scare to sell lol.... sold half stake around 53-54, left half stake bought in 20+s......
[TWSE] 911608 BH GLOBAL (NTD, TRADING UNIT)
scare to buy, now i scare to sell lol.... sold half stake around 53-54, left half stake bought in 20+s......
[TWSE] 911608 BH GLOBAL (NTD, TRADING UNIT)
| Acc. Trade Volume |
Reference price |
Reference volume |
Opening Price |
Highest Price |
Lowest Price |
Comment |
|---|---|---|---|---|---|---|
| 745 | - | - | 10.05 | 10.05 | 10.05 |
FIVE BEST BIDS AND ASKS OF UNEXECUTED ORDERS
| TIME: | Trade Price | Change | Volume |
|---|---|---|---|
| 11:25:09 | - | - - | - |
| Best Bid Volume | Best Bid Price | Best Ask Price | Best Ask Volume |
|---|---|---|---|
| - | - | - | - |
| - | - | - | - |
| - | - | - | - |
| - | - | - | - |
| - | - | - | - |
| 5512 | Market Order | - | - |
| 6056 | 10.05 | - | - |
| 52 | 10.00 | - | - |
| 3 | 9.99 | - | - |
| 13 | 9.95 | - | - |
Liquidity until now is still bad because only limited sellers and buyers
but because can follow Taiwan' s price
so it' s supported by Taiwan' s price
but because can follow Taiwan' s price
so it' s supported by Taiwan' s price
Our friend DooDoo has been shouting for this since 30c, but has now disappeared when the price has already doubled. Hope you' re still vested bro