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There not much movement in the shares price and volume despite the coming EGM. Anyone here attending the coming EGM on 19 Jan?
Interesting company with some real business and assets (though many would disagree)
FURTHER DIRECTIONS
The Company is an investment holding company with the objective of building a
portfolio of businesses and investments with growth potential that can deliver consistent
profits and positive cash flow.
The Company is currently focused on three principal operating subsidiaries as follows:
1. Hubei Zonglianhuan Energy Investment Management Inc., focusing on natural
gas distribution in the Peoples' Republic of China (&ldquo PRC&rdquo )
2. Capri Investments L.L.C., engaged in real estate development in the State of
Washington, USA and
3. ESA Electronics Pte Ltd, based on Singapore and engaged in the electronics
sector.
The Group&rsquo s wholly-owned subsidiary Excellent Empire Ltd, in turn via its wholly-owned
subsidiary China Environmental Energy Protection Investment Ltd (&ldquo China
Environmental&rdquo ), through a restructuring of its subsidiaries in the PRC, holds an 85%
equity interest in Hubei Zhonglianhuan Energy Investment Management Inc. (&ldquo HZLH&rdquo ),
which in turn holds 100% equity interests in four companies supplying natural gas under
30-year exclusive contracts in the cities of Anlu, Dawu, Xiaochang, and Guangshui in
Hubei Province, PRC. These contracts have an average remaining life of 20 years.
Recently, HZLH has invested considerably in the construction of CNG stations and
pipeline installations to link to new households and industrial users. The completion of
the Dou Shan gateway to Xiaochang City should create opportunities for more
connection revenue along with more sales to new industrial customers, while
simultaneously reducing transportation costs. In the current quarter we expect to finish
construction of an 18 kilometre main pipeline from Yang Zai to Wang Jia Peng,
which will enable natural gas transmission from the new substation link to our Phase
One network in Guangshui and a new industrial park. The total estimated cost is
RMB 65 million, which should provide the infrastructure required to support revenue
and earnings growth as the customer base continues to expand.
Capri, in which the Group holds a 100% equity interest, is engaged in real estate
development near the cities of Seattle and Tacoma in the state of Washington, USA.
The residential real estate market in the Pacific Northwest has become increasingly
favourable for continued development, as the supply of lots permitted for new home
construction has become limited relative to the demand by new home builders.
Since 2015 new single-family homes in the immediate vicinity of Pierce County (where
Capri&rsquo s land is located) have seen price increases of nearly 20%. As per an article in
The Tacoma News Tribune dated 21 January 2017, the most recent data compiled by
Windermere Professional Partners, a real estate firm in Tacoma, indicates only 1.5
months of home inventory in Pierce County, with homes remaining on the market for an
average of 26 days. According to real estate data firm Redfin, as quoted in an article in
The Tacoma News Tribune dated 23 May 2017, Pierce County is tied with the Portland,
Oregon area for being the third fastest moving housing market in the USA.
In view of this, a feasibility study has been conducted to design and obtain regulatory
approvals for the next phase of development comprising 261 lots. As part of its
regulatory strategy to maximize chances of approval of the 261 lots, Capri LLC intends
to offer concessions regarding future lot entitlements, as it is Capri management' s
assessment that development of lots beyond the 261 currently envisaged will depend
on several uncontrollable factors such as road corridor expansion and environmental
considerations that will need to be addressed sometime in the future. The Capri
management' s strategy is to place much greater importance in the approval of the 261
lots especially for near-term cash flow. Assuming approval is granted by the regulatory
authorities and the local real estate market continues to remain favorable, Capri' s
management expects to realize substantial sale proceeds from the sale of 261 raw lots
to real estate developers.
Page 4 of 4
The Group holds an 81.25% equity interest in ESA Electronics Pte Ltd (&ldquo ESA&rdquo ). ESA is a
Singapore-incorporated company engaged in the business of assembling, trading and
providing consultancy services in the semiconductor industry. ESA also acts as agents
and distributors of semi-conductor back-end equipment, such as burn-in systems, vision
inspection systems and test systems. We are expecting higher demand for
burn-in-board in third quarter of FY2018 as comparing with third quarter of
corresponding FY2017 due to major customers deferring orders to the third quarter.
Thus far ESA has secured bookings of S$5.2 million in the third quarter of FY 2018. The
demand for other products is affected by market uncertainty.
Nonetheless, ESA is anticipating more orders for its OEM line of business, especially
customised products that are related to the semi-conductor industry.
We are encouraged by the accomplishments and prospects for our three primary
subsidiaries and look forward to their continuing development and contributions to the
Group.
The Company' s outlook is based on reasonable assumptions concerning the
Company&rsquo s present and future business strategies and the environment in which the
Group will operate. These views necessarily involve risks, uncertainties and
assumptions. Actual performance can differ materially from the Company&rsquo s outlook.
FURTHER DIRECTIONS
The Company is an investment holding company with the objective of building a
portfolio of businesses and investments with growth potential that can deliver consistent
profits and positive cash flow.
The Company is currently focused on three principal operating subsidiaries as follows:
1. Hubei Zonglianhuan Energy Investment Management Inc., focusing on natural
gas distribution in the Peoples' Republic of China (&ldquo PRC&rdquo )
2. Capri Investments L.L.C., engaged in real estate development in the State of
Washington, USA and
3. ESA Electronics Pte Ltd, based on Singapore and engaged in the electronics
sector.
The Group&rsquo s wholly-owned subsidiary Excellent Empire Ltd, in turn via its wholly-owned
subsidiary China Environmental Energy Protection Investment Ltd (&ldquo China
Environmental&rdquo ), through a restructuring of its subsidiaries in the PRC, holds an 85%
equity interest in Hubei Zhonglianhuan Energy Investment Management Inc. (&ldquo HZLH&rdquo ),
which in turn holds 100% equity interests in four companies supplying natural gas under
30-year exclusive contracts in the cities of Anlu, Dawu, Xiaochang, and Guangshui in
Hubei Province, PRC. These contracts have an average remaining life of 20 years.
Recently, HZLH has invested considerably in the construction of CNG stations and
pipeline installations to link to new households and industrial users. The completion of
the Dou Shan gateway to Xiaochang City should create opportunities for more
connection revenue along with more sales to new industrial customers, while
simultaneously reducing transportation costs. In the current quarter we expect to finish
construction of an 18 kilometre main pipeline from Yang Zai to Wang Jia Peng,
which will enable natural gas transmission from the new substation link to our Phase
One network in Guangshui and a new industrial park. The total estimated cost is
RMB 65 million, which should provide the infrastructure required to support revenue
and earnings growth as the customer base continues to expand.
Capri, in which the Group holds a 100% equity interest, is engaged in real estate
development near the cities of Seattle and Tacoma in the state of Washington, USA.
The residential real estate market in the Pacific Northwest has become increasingly
favourable for continued development, as the supply of lots permitted for new home
construction has become limited relative to the demand by new home builders.
Since 2015 new single-family homes in the immediate vicinity of Pierce County (where
Capri&rsquo s land is located) have seen price increases of nearly 20%. As per an article in
The Tacoma News Tribune dated 21 January 2017, the most recent data compiled by
Windermere Professional Partners, a real estate firm in Tacoma, indicates only 1.5
months of home inventory in Pierce County, with homes remaining on the market for an
average of 26 days. According to real estate data firm Redfin, as quoted in an article in
The Tacoma News Tribune dated 23 May 2017, Pierce County is tied with the Portland,
Oregon area for being the third fastest moving housing market in the USA.
In view of this, a feasibility study has been conducted to design and obtain regulatory
approvals for the next phase of development comprising 261 lots. As part of its
regulatory strategy to maximize chances of approval of the 261 lots, Capri LLC intends
to offer concessions regarding future lot entitlements, as it is Capri management' s
assessment that development of lots beyond the 261 currently envisaged will depend
on several uncontrollable factors such as road corridor expansion and environmental
considerations that will need to be addressed sometime in the future. The Capri
management' s strategy is to place much greater importance in the approval of the 261
lots especially for near-term cash flow. Assuming approval is granted by the regulatory
authorities and the local real estate market continues to remain favorable, Capri' s
management expects to realize substantial sale proceeds from the sale of 261 raw lots
to real estate developers.
Page 4 of 4
The Group holds an 81.25% equity interest in ESA Electronics Pte Ltd (&ldquo ESA&rdquo ). ESA is a
Singapore-incorporated company engaged in the business of assembling, trading and
providing consultancy services in the semiconductor industry. ESA also acts as agents
and distributors of semi-conductor back-end equipment, such as burn-in systems, vision
inspection systems and test systems. We are expecting higher demand for
burn-in-board in third quarter of FY2018 as comparing with third quarter of
corresponding FY2017 due to major customers deferring orders to the third quarter.
Thus far ESA has secured bookings of S$5.2 million in the third quarter of FY 2018. The
demand for other products is affected by market uncertainty.
Nonetheless, ESA is anticipating more orders for its OEM line of business, especially
customised products that are related to the semi-conductor industry.
We are encouraged by the accomplishments and prospects for our three primary
subsidiaries and look forward to their continuing development and contributions to the
Group.
The Company' s outlook is based on reasonable assumptions concerning the
Company&rsquo s present and future business strategies and the environment in which the
Group will operate. These views necessarily involve risks, uncertainties and
assumptions. Actual performance can differ materially from the Company&rsquo s outlook.
The gas business is not new, it been going for years and not a big impact to Ipco bottom line. In addition the team there can be a bit doubtful with the recent lack of internal control.
There is still BIG IF on Mr. Blythman factor. Anyone know his background? Very little information.
There is still BIG IF on Mr. Blythman factor. Anyone know his background? Very little information.
IPCO is still in gestation period as it expands its road map of natural gas provisions in China.
Given the Chinese government&rsquo s leaning towards cleaner energy to cut down on pollution, the venture into natural gas business is a move in the right direction for IPCO.
Then there was the 880 mil placement of IPCO shares to JAMES MOFFATT BLYTHMAN @ $0.0018 which was completed in September 2017. Accordingly to the placement term sheet, Mr JAMES MOFFATT BLYTHMAN was the one who had approached IPCO for the share placement unlike most placements where the company sources for placees instead. This can be construed as an investor seeing value in IPCO&rsquo s China Gas business.
https://www.theedgesingapore.com/ipco-completes-pipeline-expansion-projects-hubei
Given the Chinese government&rsquo s leaning towards cleaner energy to cut down on pollution, the venture into natural gas business is a move in the right direction for IPCO.
Then there was the 880 mil placement of IPCO shares to JAMES MOFFATT BLYTHMAN @ $0.0018 which was completed in September 2017. Accordingly to the placement term sheet, Mr JAMES MOFFATT BLYTHMAN was the one who had approached IPCO for the share placement unlike most placements where the company sources for placees instead. This can be construed as an investor seeing value in IPCO&rsquo s China Gas business.
Featured in Oct
http://www.businesstimes.com.sg/companies-markets/ipco-expects-net-loss-for-h1-fy18-due-to-translation-effects
Volume detected. But EGM to oust the Ang Mo in January. Building up shareholdings to fight?
Still want to hold on to due date to hold EGM? Waiting....
http://infopub.sgx.com/FileOpen/IPCO20171031EGM.ashx?App=Announcement& FileID=476200
Based on the above announcement, pursuant to Section 176 of the Companies Act, Chapter 50 of Singapore, the Company has 21 days after the date of the Requisition Notice to proceed to convene a meeting. Does it mean that IPCO company have to conduct the EGM within 21 days ?
Based on the above announcement, pursuant to Section 176 of the Companies Act, Chapter 50 of Singapore, the Company has 21 days after the date of the Requisition Notice to proceed to convene a meeting. Does it mean that IPCO company have to conduct the EGM within 21 days ?
They trying to find reasons to push back the EGM... They can up to 3 months.
EVERY ONE MUST VOTE IN FAVOUR , THIS IS VERY GOOD CHANCE , WE SHOULD NOT MISS THIS CHANCE , PLEASE THINK AND VOTE IN FAVOUR.
they dont...n they are here to make money from the deals made..
they more or less has squandered the good name of IPCO..
they more or less has squandered the good name of IPCO..
rentay ( Date: 20-Oct-2017 12:15) Posted:
|
The existing management most probably will go since they do not hold much shares.
Time to drain the swarmp and get rid of the dead wood.This company will only survive if the old buddy -brother clique is got rid off and fast! what is needed is fresh blood and new managers who are paid on clearly defined performance targets.Lets all attend this EGM and make it happen!!!
Finally there is a action to remove the CFO (as no CEO)!!! Overpaid and do nothing.
When is the EGM? All must vote to remove.
When is the EGM? All must vote to remove.
bernardc ( Date: 18-Oct-2017 09:42) Posted:
|
Totally agree...provided the books are in order....hope the upcoming egm cleans the shit up.
Thi654321ABCDEF ( Date: 19-Oct-2017 16:43) Posted:
|
gas prices most probably a controlled item..
supplies not enough..cannot benefit from it..imo
supplies not enough..cannot benefit from it..imo
Thi654321ABCDEF ( Date: 19-Oct-2017 16:43) Posted:
|
WITH THE DEMAND IPCO MAY GO UP
China sees ' harsh' winter without more gas supply
THU, OCT 19, 2017 - 4:32 PM
[HONG KONG] Chinese regulators warned that the nation may face a " harsh" supply situation this winter if natural gas supplies can' t keep up with its booming demand.
Surging use of the fuel - powered by President Xi Jinping' s pro-gas policies - combined with inadequate infrastructure such as pipeline connections and storage, may create a severe supply shortfall as weather turns colder, the National Development & Reform Commission said in a statement on Thursday. The nation' s top regulator called on state-run producers to ensure sufficient supply.
State owned oil and gas companies China National Petroleum Corp, China Petrochemical Corp and China National Offshore Oil Corp should raise production year-on-year this winter to meet the increased demand, the NDRC said. Output from unconventional sources, including coal-bed methane, shale gas and coal-to-gas projects, should also rise, it said.
China' s natural gas consumption has surged almost 18 per cent during the first eight months of the year, according to the latest available data from NDRC, amid the shift by the world' s second-largest economy away from dirtier fuels like coal and petroleum in an effort to clean the air in its smog-choked cities.
Natural gas output in September rose 11 per cent to 11.2 billion cubic meters, lifting total output during the first nine months of the year by 9.1 per cent, according to data released National Bureau of Statistics on Thursday.
" China has to raise gas prices to provide extra incentives to producers to deliver more," said Laban Yu, head of Asia oil and gas equities at Jefferies Group LLC in Hong Kong. Higher prices would also cut " unnecessary consumption from low-margin industrial users."
BLOOMBERG
its great..all must support..
good coy becomes screw up coy..
kick them out
good coy becomes screw up coy..
kick them out
rentay ( Date: 18-Oct-2017 08:35) Posted:
|
Is it good or bad news?
Wind22i ( Date: 17-Oct-2017 23:30) Posted:
|