Hiap Seng Ind    Last:0.016   -

Hiap Seng mini multi bagger

Means Ai Lai Liao ah... hahha then need to load more now.. 

 

Aragosta - thank you for your in depth analysis into HSI. After reading the background, many of us are convinced of the potential of HSI in the coming days. Agree with you this is not a fast play but will certainly mature into a superstar .

 

Actually u guys should read this before the earlier post...... but well......
 

CATCO was not a completely new investor in HSI but rather an existing one, having an original shareholding in HSI before its major acquisition in July 2025. Its position as a shareholder therefore, developed in two distinct phases: 
(1) Phase 1: Initial minor stake
~ Before the July 2025 transaction, CATCO was already an existing, though minor, shareholder. 
~ CATCO' sdirect interest in HSI before the July 2025 transaction was 4.5%.
(2) Phase 2: Becoming a major shareholder
~ On July 21, 2025,  CATCO substantially increased its position in HSI to align with its strategic business goals.
~ CATCO purchased 330,158,996 shares in a married deal on the SGX on July 21, 2025. The shares were acquired at S$0.008 per share, a total amount of approximately S$2.64 million.
~ The purchase increased CATCO' s direct interest in HSI from 4.5% to 11.87%, making it a substantial shareholder. 
~ This purchase in HSI was part of a strategic plan by CATCO' s parent company, PT Chandra Asri Pacific Tbk, to support the launch of CATCO' s new subsidiary, Aster Engineering Services Pte Ltd, and facilitate potential collaborations with HSI.

How did CATCO came to acquire its additional shares in HSI
(1) According to media reports, CATCO acquired the additional shares in HSI  in a pre-arranged " married deal" .  However, the identity of the party that sold the shares is not disclosed in the public announcements. 
(2) But at both the AGMs interactions, VG' s CEO Eric Khua openly revealed that the shares for the Chandra Asri Trading Company (CATCO) deal were released by UOB, which was previously tied to a loan to Hiap Seng. 

1. Eric first discussed with UOB in disposing the shares 
2. Eric claimed he already knew top management people in CATCO through his business dealings with them. 
3. He sounded out CATCO on acquiring the additional stake in HSI and transaction was done through a married deal
4. There is credibility in that claim, because the day before CATCO' s announcement of the transaction, records showed that UOB made a filing with SGX that it had disposed of the exact 330,158,996 shares representing 7.37% of HSI' s issued shares

 

Imagine one day, you can mention HSI in the same breath as Barito and breathe in the air as Chandra Asri......plse note the different players before you sit down to watch the drama....

Barito Pacific Group
Barito Pacific Group is a diversified, integrated energy and industrial company based in Indonesia. Established in 1979 by Prajogo Pangestu, it is one of the largest conglomerates in the country. Initially founded as a timber company, it has since grown and diversified its business interests.  Today, Barito' s core businesses are structured around its major subsidiaries, which include  Chandra Asri Group,  a leading petrochemical company and  Barito Renewables Energy,  Indonesia' s largest geothermal power producer. 

PT Chandra Asri Pacific Tbk (Chandra Asri Group) 
Chandra Asri Group (CAG) is Indonesia' s largest integrated petrochemical company, specializing in chemicals, energy, and infrastructure solutions for Southeast Asian markets.
(1)  Established in 1992, CAG is a subsidiary of the Barito Pacific Group which owns a majority stake in the Company.  
(2)  In 2011, CAG established a partnership with Siam Cement Group (SCG), which through its subsidiary SCG Chemicals, is currently one of the major shareholders in Chandra Asri Group. 
(3)  In 2021, CAG partnered with ThaiOil Public Company Limited (ThaiOil) as a strategic investor.
(4)  In 2024, CAG embarked on a strategic transformation to become the leading Energy, Chemicals and Infrastructure solutions company in Southeast Asia. 

Major shareholders of CAG (as of March 31, 2025):
1)  PT Barito Pacific Tbk: 34.63%
2)  SCG Chemicals Co., Ltd.: 30.57%
3)  PT Top Investment Indonesia: 15.00%
4)  Prajogo Pangestu: 5.03%
5)  Marigold Resources Pte Ltd.: 3.92% 
6)  Other key investors: EGCO Group, Thai Oil, Glencore: As of October 2025, Temasek no longer holds a stake in CAG (very sayang), but Indonesia' s sovereign wealth fund, the Indonesia Investment Authority (INA), is in the process of becoming an investor. 

Companies under the PT Chandra Asri Pacific Tbk (Chandra Asri Group)
CAG consists of numerous subsidiaries, joint ventures, and associated companies that span its diverse business sectors. 
(1) Chemical solutions
~ PT Chandra Asri Alkali (CAA): A subsidiary focused on producing caustic soda and ethylene dichloride.
~  Aster Chemicals and Energy Pte Ltd (Aster): A joint venture with Glencore, operates energy and chemical production facilities in Singapore, following the acquisition of Shell' s former park in 2025.
~ PT Synthetic Rubber Indonesia (SRI): A joint venture with Compagnie Financiè re du Groupe Michelin for the synthetic rubber business. 
(2) Infrastructure solutions
~ PT Chandra Daya Investasi (CDI Group): Invests in and oversees the group' s critical infrastructure assets. 
(3) Trading and logistics
~  PT Chandra Asri Trading Co (CATCO): Manages the group' s domestic and international trading activities for raw materials and products.
~ PT Chandra Asri Trading: Involved in the trading 
============

Chandra Asri Trading Company Pte Ltd (CATCO)
PT Chandra Asri Trading Company Pte Ltd (CATCO) is a subsidiary of PT Chandra Asri Pacific Tbk (Chandra Asri Group), an Indonesian integrated petrochemical company. CATCO is involved in financial and trading activities. 

Aster Chemicals and Energy Pte Ltd (Aster Group)
Aster Chemicals and Energy (ACE) is the parent company of Aster Engineering Services (AES), and a joint venture  between Chandra Asri Group and the global commodities trader Glencore. 
(1)  In this joint venture, CAG holds  an  80% stake, while Glencore holds the remaining  20%.  The acquisition of the Shell assets in 2025 was completed through this joint venture entity. ACE now operates Shell' s major integrated chemicals and energy hub in Singapore.
(2) ACE launched its new subsidiary, Aster Engineering Services (AES) on May 29, 2025, to offer integrated engineering and plant maintenance services. 
(3) As part of this expansion, ACE' s parent company, Chandra Asri, increased its stake in HSI to 11.9% stake.

Why Aster Engineering Services was set up
The establishment of AES is part of a larger strategy by the Aster Group. 
~ Broaden the Aster Group' s presence in the energy, chemicals, and infrastructure sectors in Singapore and Southeast Asia.
~ Become an integrated service provider of multidisciplinary engineering and plant maintenance services for the oil and gas, petrochemical, and chemical terminal industries.
~ Enable collaborations with other companies, like HSI, to combine expertise, increase capacity, and enhance service delivery. 

Why Aster Engineering need the cooperation with HSI
Despite powerful backing from Chandra Asri Group and Glencore, AES still needs to cooperate with HSI to access crucial resources and local market expertise. This is a strategic move to leverage a smaller, established player' s capabilities rather than building everything from scratch. 
(1) Established Singapore presence 
~ HSI has been a specialist integrated engineering group in Singapore since 1971, with several equipped fabrication yards and a large, trained workforce. Starting a comparable operation from scratch would be costly and time-consuming for Aster.
~ HSI has established relationships with key clients in Singapore and the Asia-Pacific' s oil and gas, petrochemical, and pharmaceutical industries. A partnership with HSI immediately gives Aster access to these networks.
~ As a veteran in the local market, HSI possesses deep knowledge of local regulations, supply chains, and business practices. This helps Aster navigate the market more effectively. 
(2) Complementary Strengths
~ HSI specializes in a broad range of mechanical engineering and plant maintenance services, including the fabrication of tanks, pressure vessels, and piping. This expertise complements Aster' s larger-scale energy, chemical, and infrastructure business, allowing it to offer more comprehensive end-to-end solutions.
~ For a large company like Chandra Asri, partnering with a smaller, proven entity is a faster and more efficient way to expand its service offerings. This allows Aster to leverage HSI' s existing capabilities rather than investing heavily in building new ones. 
(3) Reduced risk
~ By partnering with an existing company, Aster and its backers can reduce the risks and liabilities associated with launching a new and unproven operation in a competitive market.
~ Both HSI' s and Aster' s top managements have explicitly stated that the relationship is about creating " long-term value" and strengthening Aster' s " foundation" for future growth. This framing emphasizes a strategic, synergistic relationship rather than a top-down, dominant one.

Hiap Seng' s potential benefit
HSI is positioned to benefit from this new strategic relationship and collaboration with AES, through its parent company Chandra Asri. 
~  Through AES, there are plans by Chandra Asri to explore potential opportunities to partner with HSI to leverage its technical expertise and expand its reach.
~  The investment from Chandra Asri is expected to provide potential cash injection, helping HSI invest in additional manpower and equipment, and explore new services. 

Aster & SCI' s partnership and  commercial collaborations may benefit HSI
Aster Chemicals and Energy (the parent company of AES) has multiple business dealings with Sembcorp Industries (SCI).
(1) ACE and SCI announced new commercial agreements and a MOU in May 2025. 
~ Commercial agreements:  SCI provides gas, power, and utilities solutions to Aster' s facilities. The total value of these contracts exceeds S$650 million.
~ MOU:  The companies are exploring broader strategic initiatives, including potential collaborations on infrastructure and energy projects. 
~ The collaboration between ACE and SCI is a key part of Aster' s expansion strategy in Singapore and the region. It provides Aster with a stable and reliable utility supply for its manufacturing operations while leveraging SCI' s expertise and regional presence to explore new growth opportunities. 

(2) HSI' s core business in mechanical engineering, plant fabrication, installation, and maintenance is highly relevant to SCI' s operations in the energy and petrochemical sectors. HSI' s expertise and specialised skills could make it a potential subcontractor for Aster commercial projects with SCI, and future collaborations with SCI.  
2a) Compatible engineering services:  HSI provides engineering services that are compatible with the needs of SCI. Relevant services include: 
~ Specialist engineering, procurement, and construction in SCI' s EPC projects
~ Integrated plant & turnaround maintenance services for  facilities that SCI operates or supplies with utilities.
~ Extensive fabrication  facilities for large-scale energy and chemical projects. 
2 b) Specialized expertise:  HSI possesses several specializations that would be valuable to SCI.
~  HSI has a proven track record in constructing large-scale storage tanks and complex pipeline systems, which is directly relevant to SCI' s role in providing gas and related services.
~ Oil and Gas industry experience:  The company is a leading integrated service provider to the upstream and downstream oil and gas sector. HSI' s deep experience provides a suitable partnership for maintenance and development work for SCI' s extensive gas-fired power operations.

(3) According to Sebastian, in answering several questions from the floor, HSI had a history of collaboration with SCI and had previously done work for SCI. 
~ In 2015 &   2017, when it was still Hiap Seng Engineering Ltd, the company was awarded several EPC contracts by SCI.
~ Sebastian believed that CATCO must had done due diligence before it agreed to take up additional significant stake in HSI. He did not specifically stated SCI, but he suggested that HSI had already been involved indirectly with several collaborations with CATCO on its projects. He will see how HSI could do more and had suggested to Max and Eric to look into it
~ Eric later made a presentation that he was inviting the top management of Aster and Chandra Asri to visit HSI plant and facilities, and discussed future cooperations ...

Unedited, because I was in a hurry to post.....will continue posting more after my holiday cruise again..... that is, if people still want to read it...as I said I was in a hurry to post, so didn' t follow the sequence ....I actually bring forward the Aster' s collaboration stuff with SCI, because some guys are interested if HSI will benefit from Chandra Asri investment.... actually there are still more to know, provided if u r jpatient to,wait..... like this is a patient stock....

 

AS I said earlier the mafia financial people has prepared a report, about 32 pages long..... including transcripts of both HSI and VG' s AGMs...... my posts here are based on my own summary of that report, with the help of the internet....... believe or not believe, I really don' t care much.... as I said I have bought a few millions of HSI during its relisted on advice of the mafia people who are friends of some insiders..... few lots of VG were given to me by the gangsters people, I intend to get more VG shares, provided the price doesn' t run away from me..... every day below $0.16, I queue .....

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As of September 2025, the major shareholders of Hiap Seng Industries Limited are:

1. Vibrant Equities:  49.34% stake
2. Chandra Asri Trading Company Pte. Ltd. (CATCO):  11.87%  stake
3. Tian Yuan:  The CEO of CGC Group is the third-largest shareholder, with an 8.22% stake.
4. Tan Kuay Hoe Holdings: 5.69% stake   
5. Lock Mun Loh:  2.17% stake
6. Company insiders: including management and board members, hold a significant 12.13% of the company' s shares.

Free float percentage
As of date, the free float, the shares available for trading by the general public, is less than  11%. 

You can see, actually, considering it a 3cent penny stock, the free float is extremely low........ particular for the sell bids........the VG already said won' t sell, Chandra Asri are too rich to,sell, the other SSHs won' t sell, the insiders won' t sell, certainly the gangsters won' t sell...... many retailers I believe are going long terms.... so if you want to short, you have to be very very careful..... when suddenly there' s a heavy demand, it would be very difficult to shop around,   . when new news developement comes out suddenly or the Chandra Asri people decides to buy a bit more, there won' t be enough shares to go around.... those who are shorting, think they are very smart, but they really don' t know anything yet....... good luck to them....

 

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......

 

Hey aragosta, huge thanks for your coffeshop story aka Hiap Seng&rsquo s restructuring journey! 
Looking forward to more juice!
How come you know Hiap Seng so well? U r long time shareholder, or you are a shareholder post-relisting? What you think CATCO' s intended involvement in Hiap Seng Industries?
Do you expect CATCO increasing their stake? Take a board seat?
CATCO plans to collaborate with Hiap Seng on new ventures  in Southeast Asia?
You think CATCO will privatise Hiap Seng?

 

Before unveiling the black market views, let me tell u a coffee shop story.......

Once upon a time, Hiap Seng Engineering, together with Federal International, Rotary Engineering and Tiong Woon were known as the " four heavenly kings" to contra players in the stock market...... this was during the super oil and gas boom in the late 1990s through to the early 2000s...... There were plenty of insiders info, and every time " news" came out, it' s like " when you buy, what you buy, you sure to make through contraing" .  However, the good times did not last. The fortunes of these companies and their " king" status waned as the oil and gas sector entered a prolonged slump. The downturn in the industry negatively impacted their business prospects and stock performance. Soon, the four heavenly kings become princes of hell, each with their own set of problems.

Hiap Seng' s woes got worse as the years went by and soon fell into financial trouble due to its heavy reliance on the declining oil and gas industry, leading to significant financial losses and an inability to operate as a " going concern" . Trading was suspended in November 2019 after it requested a trading halt to review its finances. Facing mounting debt and financial pressure, the company was placed under judicial management in September 2020 to undergo restructuring. 

Transformation into Hiap Seng Industries (HSI)
This process culminated in the company being relisted as Hiap Seng Industries Limited in 2024 after a successful debt restructuring exercise. 

1. While under judicial management, Hiap Seng completed a debt restructuring, which included a cash injection from a group of investors led by Vibrant Equities.
2. Following the successful restructuring process, the company was relisted on SGX as Hiap Seng Industries Limited (HSI) in July 2024. The restructuring resulted in some creditors becoming shareholders of the new entity, and a change in management. A new board of directors and executive leadership were appointed to oversee the restructured company.
3. As of February 2024, Hiap Seng Engineering officially became a wholly-owned subsidiary of Hiap Seng Industries, which holds the primary stock exchange listing.
4. In September 2025, Hiap Seng Industries completed a capital reduction exercise in Hiap Seng Engineering, the new restructured group&rsquo s main operating entity, to cancel its lost capital and offset accumulated losses. This step is a financial clean-up action aimed at enabling future dividend distributions if the company becomes profitable.  This was first revealed by Sebastian during the AGM, in answering a question why the company did not pay a dividend even as it turned profitable past two years.
5. Hiap Seng Engineering , which had expanded internationally and entered into joint ventures, has since scaled back its operations. During the judicial management, it disposed of some overseas assets and exited non-profitable contracts to focus on its core operations in Singapore. This was also confirmed by Max at the AGM.
6. To a question at the AGM, Sebastian confirmed " there' s no significant ongoing overseas operations....... work activities are concentrated in Singapore, due to the potential operational and security challenges of overseas workshops, and the intent to minimise exposure to unnecessary risks......."
7. But that might change with the substantial investment from Chandra Asri in July this year, and " management will evaluate this option (of going overseas)." .... Much more of this in the later part of the story.

The initial Vibrant-led investment
An investor group to in the restructuring of Hiap Seng was led by Vibrant Equities (VE), which is owned by SGX-listed Vibrant Group (VC) and two brothers of VC' s majority shareholder. A key individual involved was Tian Yuan, CEO of CGC Group. 
1.  VE provided a cash injection as part of a restructuring plan arranged by Hiap Seng' s judicial managers.

• ~  S$16 million was injected over two tranches, with VE contributing S$6 million and Tian Yuan contributing S$2 million initially.
• ~ Debt-for-Equity Swap: The deal was contingent on unsecured creditors approving a debt-for-equity swap in a scheme of arrangement, where a portion of their debt was converted into shares. Creditors approved the scheme in March 2022.
• ~ A significant portion of the cash injection was used to partially settle loans from its secured principal lender, UOB.

2.  VE' s initial investment secured it a controlling stake of approximately 47.1%. However, its stake increased to 49.34% through the subsequent exercise of options. 

• ~ Initial stake (47.1%): The conditional subscription agreement signed in January 2022 entitled VE to 1,104,972,375 new shares representing about 47.1% of the enlarged share capital after its S$6 million cash injection.This amounts to  S$0.00543 per share. 
• ~ Options for New Shares: VE and Tian Yuan were granted options to acquire further new shares. These options were exercisable over a two-year period, at a subscription price of S$0.00543 per share in the first 12 months, or at a 10% premium in the following 12 months.
• ~ On February 14, 2025, VE exercised these options for another S$6 million, which boosted its total shareholding to 49.34%. 

3.  Other significant investors in the original investor group during the restructuring 

• ~ The CEO of construction company CGC Group, Tian Yuan, was part of the original investor group and contributed S$2 million for 368,324,125 new shares or S$0.00543 per share. He was also granted options for additional shares, but it appears he has not exercised them.  If fully exercised, these options could have increased his stake to up to 16%.  As of date, Tian Yuan held about 8.22% of HSI&rsquo s shares.
• ~  United Overseas Bank: UOB, which had been a secured principal lender, received shares as part of the restructuring deal. It was revealed later at the AGM by Eric that he was the one who initiated the discussion with UOB to dispose of this block of share this year. Eric then approached CATCO who agreed to acquiring the shares through a married deal with UOB.  More of this great story later.

4.  It is importantly to note at this point that the restructuring plan involved both external investment and internal participation, and cannot succeed without the agreement of both the creditors and existing major shareholders

• ~ Tan Kuay Hoe Holdings was already the controlling shareholder of Hiap Seng Engineering before the rescue effort by the VE-led consortium. It is linked to the Tan family, which founded Hiap Seng in 1950. In the restructuring, the Tan family, through its undertaking to subscribe for rights shares, participated alongside other shareholders in the recapitalization.
• ~ As of date Tan Kuay Hoe Holdings held a 5.69% stake  of HSI&rsquo s shares

Note: I was trying to post since Saturday night !

 

Wa, got interest , and belief........ok la, I will resume posting over the weekend, but warning that it maybe quite a long few episodes..........and the info is not meant for animals to do their cha cha cha moves.........

I was trying to be helpful in a stock in which the mafia has an insider-friendly interest, and in turn me also investing in it......... so I try to post some info which i managed to get in particular relating to Vibrant, and its role in playing to get CAG to increase its stake.........and noticeably because its body language suggests that it has an ambitious agenda to it.........but all good, because it will benefit both HSI and VG eventually, if u know what i mean........

unfortunately before I even begin, I got few dislike ratings after I give notice of my unbelievable story that I m going to   unveil........ i believe it could be fr that monyet after I exposed him of his fake millions trading in HSI.........but seriously it may also suggest there' s an enemy lurking, so he may likely b watching me and   may report if I say something that shouldn' t be said.........so I have to be cautious.....  

so ya, I will post as much as possible, provided the difficulty of each post getting thru, does not hinder me or put me off.........meanwhile do take note of the following characters that I may be mentioning in the play....

HSI

VG

VE

VC

ERIC

SEBASTIAN

CAG

CATCO

ASTER 

TEMASEK

SCI

SHELL

INA

GLENCORE

KHUA FAMILY

 

Added to above, I hope to be able also to post some exciting development that may be on going......... remember I' m on the side of those holding long terms, and my postings r meant for juz that.......

 

@aragosta, congrats on your pick which is already a multi-bagger. Perhaps you can share more of what you view Chandra Asri' s potential synergies and benefits when it comes to Hiap Seng?
Much appreciated. 

 

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....

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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......

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basket, after I made the earlier posts here, the monkey crawled out from his hole and gave me a dislike rating..../ si beh bo standard.! Why so coward?.... anyway, these on long term, you might want to follow closely what I m going to say or post here in the next few weeks...../ trust me, this is an authentic Dyna-Mac in the making, but you have to be patient.... do not listen to the monkey chattering noises, he knows nothing..../ to help you understand what I' m talking above .../ I m going to bring over my earlier posts made in the other thread......... be patient, you will find the news and views I m going to post fascinating..... and unbelievable..... but whether you believe or not believe, we are not bothered at alll......... meanwhile, keep a close watch on VIBRANT GROUP too.... potential a dollar stock.... yes, a dollar......// you will know why when the thread is through......
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from my earlier posts elsewhere......
Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries

Future partnerships between both companies could be on the horizon, says Hiap Seng Industries
Max Tan, Hiap Seng Industries chief executive officer, said:     " (We) view this as a potential opportunity to explore strategic collaborations that will enhance long-term value for all stakeholders."  

https://www.businesstimes.com.sg/companies-markets/indonesian-oil-giant-chandra-asri-buys-11-9-stake-hiap-seng-industries-shares-58-3

meanwhile, please .....
   

 

Got it. VG - Vibrant Grp, CAG - Chandra Asri Grp, SCI - Sembcorp. Thanks for head up

 

We are very interested in your post. Please let us know VG, CAG, SCI represents.Thank you

 

I happen to have the full transcripts of both HSI and VG of their recent AGMs..... as well as the insiders views expressed during the interactions with various directors during the break and the post AGMs.... I now have the understanding how CAG got into the shareholding of HSI, and what mostly are their intended plans going forward.... there is a big connection between VG and CAG, and it is actually VG top people who first introduced CAG into HSI, and convinced CAG is the right fit for their intended presence here ........ 

Interestingly there' s an indirect link of Temasek and SCI with HSI via CAG......   the black market suspects there' s going to be a lot of very interesting developments involved with the various parties, when CAG takes central stage ...... i will slowly lay out the background of the links of the three players here, and the potental big development that is going to take place...... things may happen step by step or so fast, that it will take place before I even finish talking......... as you know I m pretty busy with the four tokkong SEAS stock, and worse, a post takes very very long to go through here.... so I can only post so much each day.....in this respect, you have to be very patient........

Meanwhile,  if u have shares in BOTH HSI and VG, I suggest you hang on to them..... do not be tempted by the phenomenal rise in price that MAY soon happen.......so not be swayed by monkey talks.......     these are definitely multibaggers in the making, like DynaMac, except maybe even bigger........ the days of doing monkey cha cha are limited, because you won' t know exactly how the parties will move..... but we don' t play games and we font have time to fool around........

please, treat this as another unbelieveable story that about to unfold... most importantly dyoddddddd......

 

PEC going privatisation Chiyoda Singapore closed shop and Rotary Eng privatisation too!

 

10 otw ahh

 

Out at 7 this morning.
Profit in pocket 1st, though very tempting to hold for 8

 

https://www.nextinsight.net/story-archive-mainmenu-60/947-2024/15963-fallen-stocks-of-2024-who-might-shine-bright-in-2025

Featured on Nextinsight the day before.....

 

Oil must chiong high first ....war non stop than can have strength....