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2001-2020 of 2100
HISTORY IN THE MAKING for OCEANUS
mondaybluesy ( Date: 29-Sep-2021 09:24) Posted:
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Big congratulations to Oceanus and all long investors! Keeping the faith and ignoring the fud has paid off. This is such a significant milestone in Oceanus' s journey, as we make history as the first turnaround company in Singapore to exit the SGX watchlist.
Mark my words, this is the dawn of a new chapter. Get ready for all that is in store in the coming months!
Mark my words, this is the dawn of a new chapter. Get ready for all that is in store in the coming months!
People snatching alrdy. Yesterday, still have people here foolish enough to see this stock as a trap. Now we shall see who are the empty vessels and making a lot noise here. Well done Oceanus! You have proved the naysayers wrong and slapped them hard.
Strong premarket Volumn already shall get over .04 today
So see the price today can gap up ? Dow dropped 570 points...
Facebook post from oceanus
Today exit.🙂
Company Announcement
NEWS RELEASE
OCEANUS STRENGTHENS GLOBAL FOOD SECURITY CAPABILITIES
- In Distribution, a newly established subsidiary, Sino Food Group, is appointed as an approved frozen food distributor of China Resources (Group) Co., Ltd., a Fortune Global 500 company
- Sino Food Group will receive financing support from a consortium of Chinese state-owned enterprises
Singapore, 23 August 2021 &ndash Homegrown Food Tech company with a diverse business portfolio spanning Food Production, Distribution, Services and Innovation, Oceanus Group Limited (&ldquo Oceanus&rdquo , 欧 圣 集 团 , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce a strategic move to accelerate its expansion into the vast China market
Sino Food Group
The Group has established a new subsidiary, Sino Food Group Pte Ltd (&ldquo Sino Food Group&rdquo ), to trade in global food supply chain management and strengthen food security within the region. Sino Food Group has been appointed as an approved distributor of China Resources Wufeng Co. Ltd., a food enterprise group under China Resources (Group) Co., Ltd., one of Fortune Global 500 companies, and a state- owned enterprise (&ldquo SOE&rdquo ).
To support its efforts, Sino Food Group will also be receiving financing support from a
consortium of Chinese state-owned enterprises, which includes parties such as Shenzhen Rural Commercial Bank and Guandong Light Industry Group.
Page 1 of 3
Sino Food Group is managed by an experienced team, collectively with more than 10 years&rsquo experience in the cold chain distribution industry. Supported by a strong network of more than 200 frozen food exporters from Europe, North and South America, Sino Food Group is well-positioned within the industry.
Oceanus&rsquo Chief Executive Officer, Mr. Peter Koh, said, &ldquo Establishing Sino Food Group will accelerate our progress and expand our geographical footprint in the food distribution industry. China remains an important target market in Asia, and we are delighted that we are beginning to see the fruits of our labour in this market.&rdquo
&ldquo China being a dominant market player in Asia, offers immense potential and growth opportunities in the food supply chain sector. We are confident that Sino Food Group will bolster the global food supply chain and supplement food security in Asia&rdquo
Oceanus achieved a record-high turnover and net profit at half time. Total revenue surged over 6.5 times or 553% to S$52.5 million, from S$8.0 million in the corresponding period of the preceding financial year (&ldquo 1H 2020&rdquo ), buoyed by the Group&rsquo s four key growth pillars. Net profit rose significantly by close to 7 times or 597% to S$4.9 million, up from S$0.7 million in the same corresponding period.
NEWS RELEASE
OCEANUS STRENGTHENS GLOBAL FOOD SECURITY CAPABILITIES
- In Distribution, a newly established subsidiary, Sino Food Group, is appointed as an approved frozen food distributor of China Resources (Group) Co., Ltd., a Fortune Global 500 company
- Sino Food Group will receive financing support from a consortium of Chinese state-owned enterprises
Singapore, 23 August 2021 &ndash Homegrown Food Tech company with a diverse business portfolio spanning Food Production, Distribution, Services and Innovation, Oceanus Group Limited (&ldquo Oceanus&rdquo , 欧 圣 集 团 , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce a strategic move to accelerate its expansion into the vast China market
Sino Food Group
The Group has established a new subsidiary, Sino Food Group Pte Ltd (&ldquo Sino Food Group&rdquo ), to trade in global food supply chain management and strengthen food security within the region. Sino Food Group has been appointed as an approved distributor of China Resources Wufeng Co. Ltd., a food enterprise group under China Resources (Group) Co., Ltd., one of Fortune Global 500 companies, and a state- owned enterprise (&ldquo SOE&rdquo ).
To support its efforts, Sino Food Group will also be receiving financing support from a
consortium of Chinese state-owned enterprises, which includes parties such as Shenzhen Rural Commercial Bank and Guandong Light Industry Group.
Page 1 of 3
Sino Food Group is managed by an experienced team, collectively with more than 10 years&rsquo experience in the cold chain distribution industry. Supported by a strong network of more than 200 frozen food exporters from Europe, North and South America, Sino Food Group is well-positioned within the industry.
Oceanus&rsquo Chief Executive Officer, Mr. Peter Koh, said, &ldquo Establishing Sino Food Group will accelerate our progress and expand our geographical footprint in the food distribution industry. China remains an important target market in Asia, and we are delighted that we are beginning to see the fruits of our labour in this market.&rdquo
&ldquo China being a dominant market player in Asia, offers immense potential and growth opportunities in the food supply chain sector. We are confident that Sino Food Group will bolster the global food supply chain and supplement food security in Asia&rdquo
Oceanus achieved a record-high turnover and net profit at half time. Total revenue surged over 6.5 times or 553% to S$52.5 million, from S$8.0 million in the corresponding period of the preceding financial year (&ldquo 1H 2020&rdquo ), buoyed by the Group&rsquo s four key growth pillars. Net profit rose significantly by close to 7 times or 597% to S$4.9 million, up from S$0.7 million in the same corresponding period.
EXIT FROM THE WATCH-LIST
OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
1. The Board of Directors (&ldquo Board&rdquo ) of Oceanus Group Limited (&ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the announcement pertaining to the Company&rsquo s submission of an application to the SGX-ST to exit the Watch-List on 13 April 2021 (&ldquo Exit Application&rdquo ) and the Company&rsquo s update announcement on 23 August 2021 in relation to the Exit Application.
2. The Board is pleased to inform shareholders that the SGX-ST has on 28 September 2021 approved the Exit Application.
3. The SGX-ST has further informed the Company that it will be removed from the Watch-List with effect from 29 September 2021.
4. The Group&rsquo s Distribution business segment has seen significant growth in the recent year, in line with the Group&rsquo s strategy to build its global supply chain capabilities. As part of the Exit Application, the Company has voluntarily agreed to provide the following documents to the SGX- ST, as supplemental information for the Exit Application:
4.1. the audited financial statements of Season Global Trading Pte. Ltd., for the 6-month period beginning 1 January 2021 and ending 30 June 2021 (&ldquo Financial Statements&rdquo ). The Group&rsquo s statutory auditors, RSM Chio Lim LLP, has issued an unqualified &ldquo clean&rdquo audit opinion dated 17 September 2021 on the Financial Statements, which has been submitted to the SGX-ST. Due to commercial sensitivity, the Company will not be disclosing the full Financial Statements. Instead, the Board has decided to release a copy of the auditor&rsquo s report (and the supporting Note 1) of the Financial Statements (&ldquo Auditor&rsquo s Report&rdquo ). Please refer to Annex A to this announcement for a copy of the Auditor&rsquo s Report and
4.2. the Group&rsquo s consolidated segmental profit and loss statement as at 30 June 2021 (&ldquo June 2021 P& L&rdquo ). As the Company has only released the Auditor&rsquo s Report, the Board has also decided to reproduce the June 2021 P& L, as announced by the Company on 12 August 2021, incorporating non-material adjustments arising from the Financial Statements, which reflects the Group&rsquo s consolidated profit and loss figures for the 6-month period beginning 1 January 2021 and ending 30 June 2021. Please refer to Annex B to this announcement for the June 2021 P& L.
5. The Board wishes to remind shareholders that the SGX-ST reserves the right to amend and/or vary its confirmation/decision and such confirmation/decision is subject to changes in policies of the SGX-ST.
6. The Board would like to extend its appreciation to the SGX-ST and all stakeholders for their support and understanding throughout the process of the Exit Application.
BY ORDER OF THE BOARD
Peter Koh Heng Kang, PBM
Executive Director and Chief Executive Officer
OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
1. The Board of Directors (&ldquo Board&rdquo ) of Oceanus Group Limited (&ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the announcement pertaining to the Company&rsquo s submission of an application to the SGX-ST to exit the Watch-List on 13 April 2021 (&ldquo Exit Application&rdquo ) and the Company&rsquo s update announcement on 23 August 2021 in relation to the Exit Application.
2. The Board is pleased to inform shareholders that the SGX-ST has on 28 September 2021 approved the Exit Application.
3. The SGX-ST has further informed the Company that it will be removed from the Watch-List with effect from 29 September 2021.
4. The Group&rsquo s Distribution business segment has seen significant growth in the recent year, in line with the Group&rsquo s strategy to build its global supply chain capabilities. As part of the Exit Application, the Company has voluntarily agreed to provide the following documents to the SGX- ST, as supplemental information for the Exit Application:
4.1. the audited financial statements of Season Global Trading Pte. Ltd., for the 6-month period beginning 1 January 2021 and ending 30 June 2021 (&ldquo Financial Statements&rdquo ). The Group&rsquo s statutory auditors, RSM Chio Lim LLP, has issued an unqualified &ldquo clean&rdquo audit opinion dated 17 September 2021 on the Financial Statements, which has been submitted to the SGX-ST. Due to commercial sensitivity, the Company will not be disclosing the full Financial Statements. Instead, the Board has decided to release a copy of the auditor&rsquo s report (and the supporting Note 1) of the Financial Statements (&ldquo Auditor&rsquo s Report&rdquo ). Please refer to Annex A to this announcement for a copy of the Auditor&rsquo s Report and
4.2. the Group&rsquo s consolidated segmental profit and loss statement as at 30 June 2021 (&ldquo June 2021 P& L&rdquo ). As the Company has only released the Auditor&rsquo s Report, the Board has also decided to reproduce the June 2021 P& L, as announced by the Company on 12 August 2021, incorporating non-material adjustments arising from the Financial Statements, which reflects the Group&rsquo s consolidated profit and loss figures for the 6-month period beginning 1 January 2021 and ending 30 June 2021. Please refer to Annex B to this announcement for the June 2021 P& L.
5. The Board wishes to remind shareholders that the SGX-ST reserves the right to amend and/or vary its confirmation/decision and such confirmation/decision is subject to changes in policies of the SGX-ST.
6. The Board would like to extend its appreciation to the SGX-ST and all stakeholders for their support and understanding throughout the process of the Exit Application.
BY ORDER OF THE BOARD
Peter Koh Heng Kang, PBM
Executive Director and Chief Executive Officer
NEWS RELEASE
OCEANUS SUCCESSFULLY EXITS SGX WATCHLIST TO ACCELERATE TECH- UP OF OPERATIONS FOR THE NEXT LAP
- Demonstrated profitability since 2Q 2020, driven by success of the
Group&rsquo s four growth pillars
o Achieves close to a 7-time net profit growth to approximately S$5.0
million in latest 1H 2021 results1
- Establishes digital exchange platform for distribution network to
accelerate &lsquo tech-up&rsquo operations for the next lap
OCEANUS SUCCESSFULLY EXITS SGX WATCHLIST TO ACCELERATE TECH- UP OF OPERATIONS FOR THE NEXT LAP
- Demonstrated profitability since 2Q 2020, driven by success of the
Group&rsquo s four growth pillars
o Achieves close to a 7-time net profit growth to approximately S$5.0
million in latest 1H 2021 results1
- Establishes digital exchange platform for distribution network to
accelerate &lsquo tech-up&rsquo operations for the next lap
Finally.
EXIT FROM THE WATCH-LIST
OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
EXIT FROM THE WATCH-LIST
OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Dandelion77 ( Date: 29-Sep-2021 06:37) Posted:
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Oceanus has exited SGX watchlist!
i understand poems cannot trade this counter is it still the same
Who say tortoise and turtle slow?
Snail faster than them?
kiattttt ( Date: 28-Sep-2021 13:58) Posted:
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I think (hope) many have bought at a much lower level or from profits and do not bother if it goes a bit down as long as it is still trust in the company to become better. And the reality is (as seen with many other stocks) it can easly go down, but can also go much higher as well. Anyway, it is as risky as many other stocks around and as long as you play within your means, everyone can see it as a trap or as a chance...
kiattttt ( Date: 28-Sep-2021 13:58) Posted:
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HAHA the tortoise and turtle look more like oceanus leh...hahahahahah u ok or not? Not moving at all but when move always inch down. On certain days give investors hope with high volume but only last a day. Only foolish ppl don' t see this as being a trap.
CheongArgh ( Date: 28-Sep-2021 13:55) Posted:
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Huh ? Oil counters sure make one ah ????? What if catch the tortoise and run away the turtle ?????
kiattttt ( Date: 28-Sep-2021 13:37) Posted:
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Cut loss and hop into any oil counters. Can potentially make back whatever u guys lost. Money trapped here is money loss because u lose out in other opportunities also. A stock that needs ' good news' to push up the share price isn' t a good stock. Keep that in mind
A good start of the week (or end of the month?) with some growing volume, hopefully it stays on the green
mike2867 ( Date: 26-Sep-2021 19:26) Posted:
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