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What I like about this company is there is no RTO only change of business . So no new shares issued. Number of shares remains the same at 79.8 mil.
45% held by 2 major shareholders.
If we de-consoldiate the shares @ 1:10, it is now trading at only $0.026 a far cry from its hey days when it went as high as $0.90 I believe
45% held by 2 major shareholders.
If we de-consoldiate the shares @ 1:10, it is now trading at only $0.026 a far cry from its hey days when it went as high as $0.90 I believe
Joelton ( Date: 06-Jul-2021 09:43) Posted:
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Dukang renames as China Shenshan Orchard Holdings to reflect move from liquor to kiwi fruit
MAINBOARD-LISTED Dukang Distillers has completed its restructuring with the acquisition of a kiwi fruit business and disposal of its existing liquor business, and therefore will take on a new name to reflect the change.
Dukang, in its statement to the bourse on Monday, announced that it will be renamed China Shenshan Orchard Holdings to reflect its transformation from a liquor business to kiwi cultivation.
The firm stated that revenue and net earnings of the acquired kiwi fruit business has been growing steadily since 2017 and has been " minimally impacted" by the pandemic. Therefore, Dukang expects a turnaround with " a steady revenue stream and sustained profitability" .
Post restructuring, China Shenshan will become a horticultural marketing company, focusing on the planting, cultivating and sale of kiwi in China.
The business it acquired holds the use rights for eight orchards, spanning a total land area of approximately 6.5 million square metres, which it believes to be one of the largest domestic kiwi fruit orchards concentrated in Chibi City, Hubei.
The business currently sells through distributors, wholesalers, corporates and e-commerce platforms.
Also, the company states that government policies including offering higher subsidies for large-scale landholders and accelerating rural land transfer process bode well for the kiwi cultivation industry.
Therefore, the company sees full exemption of enterprise income tax on profits derived from its kiwi business.
Earlier, the company could not get shareholders' approval to transfer its listing status to the Catalist junior board. Therefore, if it cannot exit the bourse' s watch list, the company billing itself as the first Singapore listed pure-play kiwi producer faces a trading suspension or delisting.
Still cheap. Previously consolidated 10 to 1. Now total number of shares only 70 mil plus
SmallSmall ( Date: 06-Jul-2021 09:32) Posted:
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New lease of life. New play?
Dukang Distillers successfully enters burgeoning kiwifruit cultivation market in China, transforming into the first SGX-ST listed pure-play kiwifruit producer &bull Restructured Group will pose a turnaround with the entry into the kiwifruit cultivation and planting industry with steady revenue stream &bull Holds forest use rights for 8 kiwifruit orchards in Chibi City, Hubei Province, spanning a total land area of 9,805 mu (approximately 6.5 million sqm) &bull The Company will change its name to China Shenshan Orchard Holdings Co. Ltd. (中 国 神 山 果 农 控 股 有 限 公 司 ) &bull The Restructured Group will be the first pure-play kiwifruit producer to be listed on the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) &bull Poised to tap into huge growth potential in China&rsquo s kiwifruit industry driven by rising domestic consumer demand for premium-quality, healthy and organic fruits
Dukang Distillers successfully enters burgeoning kiwifruit cultivation market in China, transforming into the first SGX-ST listed pure-play kiwifruit producer &bull Restructured Group will pose a turnaround with the entry into the kiwifruit cultivation and planting industry with steady revenue stream &bull Holds forest use rights for 8 kiwifruit orchards in Chibi City, Hubei Province, spanning a total land area of 9,805 mu (approximately 6.5 million sqm) &bull The Company will change its name to China Shenshan Orchard Holdings Co. Ltd. (中 国 神 山 果 农 控 股 有 限 公 司 ) &bull The Restructured Group will be the first pure-play kiwifruit producer to be listed on the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) &bull Poised to tap into huge growth potential in China&rsquo s kiwifruit industry driven by rising domestic consumer demand for premium-quality, healthy and organic fruits
Time to close this thread and open a new one lol
Dukang renames as China Shenshan Orchard Holdings to reflect move from liquor to kiwi fruit
Mainboard-listed Dukang Distillers has completed its restructuring with the acquisition of a kiwi fruit business and disposal of its existing liquor business, and therefore will take on a new name to reflect the change.Dukang, in its statement to the bourse on Monday, announced that it will be renamed China Shenshan Orchard Holdings to reflect its transformation from a liquor business to kiwi cultivation.
The firm stated that revenue and net earnings of the acquired kiwi fruit business has been growing steadily since 2017 and has been " minimally impacted" by the pandemic. Therefore, Dukang expects a turnaround with " a steady revenue stream and sustained profitability" .
Post restructuring, China Shenshan will become a horticultural marketing company, focusing on the planting, cultivating and sale of kiwi in China.
The business it acquired holds the use rights for eight orchards, spanning a total land area of approximately 6.5 million square metres, which it believes to be one of the largest domestic kiwi fruit orchards concentrated in Chibi City, Hubei.
The business currently sells through distributors, wholesalers, corporates and e-commerce platforms.
Also, the company states that government policies including offering higher subsidies for large-scale landholders and accelerating rural land transfer process bode well for the kiwi cultivation industry.
Therefore, the company sees full exemption of enterprise income tax on profits derived from its kiwi business.
Earlier, the company could not get shareholders' approval to transfer its listing status to the Catalist junior board. Therefore, if it cannot exit the bourse' s watch list, the company billing itself as the first Singapore listed pure-play kiwi producer faces a trading suspension or delisting.
Dukang shares closed 14.9 per cent lower at S$0.16 on Monday, before this statement was filed to the bourse.
Dukang Distillers successfully enters burgeoning kiwifruit cultivation market in China, transforming into the first SGX-ST listed pure-play kiwifruit producer
Singapore & Taiwan, 5 July 2021 &ndash SGX-ST Mainboard-listed Dukang Distillers Holdings Limited (&ldquo Dukang Distillers&rdquo or &ldquo 杜 康 控 股 有 限 公 司 &rdquo , and together with its subsidiaries, the &ldquo Company&rdquo ), a leading producer of white liquor (&ldquo baijiu&rdquo ) in Henan Province, China, has completed the restructuring with the acquisition of the kiwifruit business and disposal of its existing baijiu business. To reflect the new business transformation, the Company will change its name to China Shenshan Orchard Holdings Co. Ltd. (中 国 神 山 果 农 控 股 有 限 公 司 ) and the stock code BKV (SGX-ST) and 911616 (Taiwan Depository Receipts on Taiwan Stock Exchange) will remain unchanged.
https://links.sgx.com/FileOpen/DKNG%20Completion%20of%20acqusition_PR_final.ashx?App=Announcement& FileID=673645
- Restructured Group will pose a turnaround with the entry into the kiwifruit cultivation and planting industry with steady revenue stream
- Holds forest use rights for 8 kiwifruit orchards in Chibi City, Hubei Province, spanning a total land area of 9,805 mu (approximately 6.5 million sqm)
- The Company will change its name to China Shenshan Orchard Holdings Co. Ltd. (中 国 神 山 果 农 控 股 有 限 公 司 )
- The Restructured Group will be the first pure-play kiwifruit producer to be listed on the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo )
- Poised to tap into huge growth potential in China&rsquo s kiwifruit industry driven by rising domestic consumer demand for premium-quality, healthy and organic fruits
Singapore & Taiwan, 5 July 2021 &ndash SGX-ST Mainboard-listed Dukang Distillers Holdings Limited (&ldquo Dukang Distillers&rdquo or &ldquo 杜 康 控 股 有 限 公 司 &rdquo , and together with its subsidiaries, the &ldquo Company&rdquo ), a leading producer of white liquor (&ldquo baijiu&rdquo ) in Henan Province, China, has completed the restructuring with the acquisition of the kiwifruit business and disposal of its existing baijiu business. To reflect the new business transformation, the Company will change its name to China Shenshan Orchard Holdings Co. Ltd. (中 国 神 山 果 农 控 股 有 限 公 司 ) and the stock code BKV (SGX-ST) and 911616 (Taiwan Depository Receipts on Taiwan Stock Exchange) will remain unchanged.
https://links.sgx.com/FileOpen/DKNG%20Completion%20of%20acqusition_PR_final.ashx?App=Announcement& FileID=673645
Why did these people object and prefer delisting ?????
The planned listing transfer was scuppered by 98.72 per cent of voters at the meeting.
Dukang Distillers faces suspension after plan for transfer to Catalist fails
WATCH-LISTED baijiu maker Dukang Distillers Holdings could not get shareholders' approval on Thursday to transfer its listing status to the Catalist junior board.
As such, Dukang faces a trading suspension or delisting from the Singapore Exchange mainboard if it does not record a full-year consolidated pre-tax profit and a six-month average daily market value of at least S$40 million within 36 months from Dec 4, 2019.
The board said that Dukang and its directors " intend to take active steps" to meet these criteria, but warned that there is no guarantee of success, in a bourse filing after a special general meeting in the afternoon. The planned listing transfer was scuppered by 98.72 per cent of voters at the meeting.
Still, shareholders have finally approved the decision for Dukang to sell its white liquor business and move into kiwi cultivation.
The interested-person transaction, which involves controlling shareholder Wang Peng, had been on the table since late 2018 and will now see Dukang change its name to China Shenshan Orchard Holdings.
anyone got selected to go for egm?
Observers ( Date: 19-Apr-2021 07:17) Posted:
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duakang.
egm to change nature of business, dont even give return envelope, call for physical meeting of max 25 ppl and dont use electronic/email submission of proxy forms when it is the norm in this pandemic. sgx also dont query.
egm to change nature of business, dont even give return envelope, call for physical meeting of max 25 ppl and dont use electronic/email submission of proxy forms when it is the norm in this pandemic. sgx also dont query.
scsolomon ( Date: 12-Apr-2021 02:04) Posted:
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Anyone stuck in this stock? Will you vote for / against for the proposal below?
https://links.sgx.com/FileOpen/Announcement_SGM%20and%20Lodgement%20of%20Circular.ashx?App=Announcement& FileID=654216
(1) PROPOSED ACQUISITION OF GREAT RESOLUTE LIMITED AS A VERY SUBSTANTIAL ACQUISITION AND AN INTERESTED PERSON TRANSCTION
(2) PROPOSED DISPOSAL OF SEA WILL INTERNATIONAL LIMITED AS A MAJOR TRANSACTION AND AN INTERESTED PERSON TRANSACTION AND
(3) PROPOSED TRANSFER OF THE LISTING OF THE COMPANY FROM MAIN BOARD OF THE SGX-ST TO THE CATALIST FOLLOWING COMPLETION OF THE PROPOSED TRANSACTIONS
https://links.sgx.com/FileOpen/Announcement_SGM%20and%20Lodgement%20of%20Circular.ashx?App=Announcement& FileID=654216
(1) PROPOSED ACQUISITION OF GREAT RESOLUTE LIMITED AS A VERY SUBSTANTIAL ACQUISITION AND AN INTERESTED PERSON TRANSCTION
(2) PROPOSED DISPOSAL OF SEA WILL INTERNATIONAL LIMITED AS A MAJOR TRANSACTION AND AN INTERESTED PERSON TRANSACTION AND
(3) PROPOSED TRANSFER OF THE LISTING OF THE COMPANY FROM MAIN BOARD OF THE SGX-ST TO THE CATALIST FOLLOWING COMPLETION OF THE PROPOSED TRANSACTIONS
The money from where, mainland money very hard exit
Dukang Distillers plans exit from liquor business, enters into kiwi cultivation
SUN, NOV 18, 2018 - 5:58 PM
CHINA' S baijiu maker Dukang Distillers Holdings has entered into a conditional acquisition and disposal agreement to sell its white liquor business and at the same time buy a kiwi cultivation business, with both proposed transactions priced exactly at 1.11 billion yuan (S$220 million) each.
Dukang, which is listed on the Singapore Exchange, announced on Nov 17 these proposed transactions with the same company Keen Wind Limited. Both the acquisition of Great Resolute Limited - amounting to a very substantial transaction and involved an interested person - and the planned sale of its baijiu or white liquor production subsidiary Sea Will International, would require the approval of shareholders.
Therefore, Dukang is convening a special general meeting, the date of which has yet to be announced, for these two proposed transactions.
Great Resolute is an investment holding company incorporated in 2018 with a paid-up capital of US$100, and would through a subsidiary own the kiwi cultivation business Xingnong Agriculture. As the controlling shareholder of Dukang, Wang Peng, owns 70.27 per cent in Xingnong Agriculture, the proposed acquisition of Great Resolute would therefore be deemed an interested person transaction.
Dukang cited the recent losses and declining profitability in its baijiu business as one of the reasons for exiting the liquor market. On the other hand, it believes that fruit farming and the processing industry would provide it with a " steady revenue stream" .
https://www.businesstimes.com.sg/companies-markets/dukang-distillers-plans-exit-from-liquor-business-enters-into-kiwi-cultivation
heard APB is buying in dukang over some coffee talk. anyone heard abt it?
Some one bought at 0.21 for more than 60000 shares today. Who were buying and who were selling at such a low price?
Observers ( Date: 31-Aug-2017 09:52) Posted:
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Drop below 20 cents can consolidate again?
Hope the Control Shareholder, owner of Synear Group, will give a good offer to delist it, like Synear.
Morello ( Date: 30-Aug-2017 16:49) Posted:
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looks and sounds good (but is it too good to be true...hard to say about s-chips). Also a matter of confidence level. As in latest report, current challenges (recalling from the top of my head):
- competition from top tier baijiu
- competition from 2nd or 3rd tier baijiu
- younger generation chinese more into beer, wine that kind of stuff rather than baijiu
- competition from top tier baijiu
- competition from 2nd or 3rd tier baijiu
- younger generation chinese more into beer, wine that kind of stuff rather than baijiu
peterz ( Date: 30-Aug-2017 13:42) Posted:
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Gone case counter, it will drop head down till it delisted. Don' t touch.