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Volmax ( Date: 01-Nov-2025 17:50) Posted:
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Next Month Around 14 December Expect To See 1HFY26 Results To Be Substantially Improved! If There Is A Reversal Of Impairment Loss, Then Profit Could Be A Few Millions Minimumlly! To Recap, See Below! Excerpt From AR2025 Impairment review of service concession arrangements Management performed an impairment test as HZLH group is loss-making during the current financial year. Based on management& rsquo s assessment, the carrying amount (before impairment loss during the year) of $45,891,000 (2024: $57,871,000) of the HZLH group& rsquo s cash-generating unit under the gas distribution segment as at 30 April 2025 exceeds its recoverable amount of $39,461,000 (2024: $49,975,000). Henceforth, management is of the view that the Group will not be able to recover fully the carrying amount of the intangible assets in relation to service concession arrangements, and accordingly a further impairment of $6,430,000 (2024: $7,896,000) was made. Recoverable amount is the higher of FVLCD and value-in-use. The recoverable amount has been computed based on the FVLCD, determined based on valuation performed by an independent firm of professional valuers using the guideline publicly-traded comparable (& ldquo GPC& rdquo ) method under market-based approach."  |
Volmax ( Date: 10-Sep-2025 21:23) Posted:
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The Longer The Wait, The Longer & Stronger The Run!
Next Month Hubei Going Into Winter And Use Of Heating Gas Are Bound To Increase.
HZLH Used To Limit The Gas Use During Winter As They Are Effectively Subsidising The Heating Gas Due To The Price Limit By The Local Government.
With The New Price Linking-Mechanism In Place, HZLH Can Now Fully Open Up The Gas Usage, The More Gas Consumed, The More Profit To Be Made!
waiting too long, now time to move 
SGX announced the removal of financial Watchlists !
Time to rally and catch up with the rest of the:)
Time to rally and catch up with the rest of the:)
tankoksee ( Date: 23-Oct-2025 14:52) Posted:
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should move soon!
Volmax ( Date: 23-Oct-2025 08:28) Posted:
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RATIONALE FOR THE ACQUISITION
3.1 The key objective of the Acquisition is to sustain the continuity and growth of the Group&rsquo s property development segment (&ldquo Property Development Segment&rdquo ). In this connection, the Group will continue to assess the developmental potential of, and to develop, the remaining tracts of land it holds in the United States of America.
3.2 As announced in the Company&rsquo s quarterly updates on its financial watch-list placement, the Group intends to broaden the geographical reach of its Property Development Segment to include Singapore, Malaysia, Australia, Sri Lanka, Vietnam, Cambodia, and the Peoples&rsquo Republic of China. This strategic move aims to seize opportunities and extend the Group&rsquo s presence beyond the United States of America and previous property holdings in Singapore.
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PURCHASE OF THE PROPERTIES IN MALAYSIA BY A WHOLLY OWNED SUBSIDIARY OF THE COMPANY Renaissance United Assets Sdn. Bhd, (RUA or the Purchaser), entered into a Sale and Purchase agreement (the SPA) with Plaza Sentosa Properties Sdn. Bhd (the Vendor) for the acquisition of seven (7) serviced apartments being developed by the Vendor in Johor Bahru, State of Johor, Malaysia (the Acquisition). Information on the Property The seven units of serviced apartments the Purchaser acquired from the Vendor is part of the development known as Skyline One Sentosa and is distinguished by the following characteristics (the Properties): (a) Total No. of Parcels: Seven (7) units of serviced apartments within the Aloft Tower of the Skyline One Sentosa project. Project: The Properties form part of a multi-storey residential development project comprising two towers, currently under construction, known as Skyline One Sentosa. Upon completion, Skyline One Sentosa will comprise service apartments,shop units and related common facilities with approved plans under reference no. MBJB/U/2024/14/BGN/209/KOM (13) approved by Majlis Bandaraya Johor Bahru (MBJB). Skyline One Sentosa is located within Taman Sentosa, along Jalan Sutera, situated about one kilometre from Johor Bahru city centre, about 27 kilometres from the Johor Bahru Senai International Airport and 5 kilometres away from the Johor Bahru Customs and Immigration Complex, and the upcoming Rapid Transit System Link connecting Johor Bahru and Singapore. Taman Sentosa is a vibrant neighborhood in Johor Bahru, surrounded by a mix of residential properties (homes, apartments, and condominiums), commercial spaces (shophouses and shop-offices), and popular retail and hospitality destinations (shopping malls and hotels). Notable nearby landmarks include: (a) Customs, Immigration and Quarantine Complex (b) City Square Johor Bahru, City Mall (c) Giant Leisure Mall, JB (d) KSL City Mall (e) Mid Valley Southkey (f) RTS-Link and planned E-ART lines (g) Universities like the Open University of Malaysia, City University, Malaysia and Monash University, Malaysia (h) Columbia Asia Hospital Tebrau, KPJ Puteri Specialist Hospital & Regent Medical Care Centre. Please See Full SGX Announcement! |
This Giant Baby Gestation Period Is Taking Longer Than Usual.
Hope It Can Grow Into A Giant Multinational Corporation In The Near Future!
Excerpt From Minutes of the Annual General Meeting held on 29 August 2025
1. Shareholder A asked about the Group&rsquo s financial performance.
Mr. Blythman explained that ESA was essentially self-sufficient, with no external loans which are not cash backed. He went on to say that for FY2025, ESA reported a slightly lower revenue of S$15 million compared to S$15.4 million in the previous financial year. ESA reported a loss after tax due mainly to impairment of certain items of inventory and unrealised foreign currency loss translation.
Regarding the Gas distribution business, Mr. Blythman explained that this segment of the Group&rsquo s business was loss making owing mainly attributable to the fact that the price of the supply of gas to residential customers required approval by the local county governments in Hubei China. However, Anlu, Dawu and Xiaochang had implemented revised residential pricing, and this was expected to be a positive development for the gas distribution business.
Regarding the Group&rsquo s property business, Mr. Blythman explained that the current permitted use for the remaining acreage in the United States was limited, and management was exploring development opportunitiesfor the remaining land. Further, Mr Bythman said that the Pelangi Avenue shop lot was in the final stages of completion, and the Company had already received commitments to rent the top 3 floors of the building. This he said would start to generate additional revenue for the Group.
Lastly, on financial performance, Mr. Blythman informed the meeting that the Group had also received revenue from the Maxstar deal, although the circular was still pending clearance from the Exchange.
Shareholder B asked about the going concern issue flagged by the auditor.
Mr. Blythman explained that this was predominately due to net current liability position as the China gas business had significant short-term borrowings.
2. Shareholder C asked about the financial watchlist status.
Mr. Blythman asked the Company Secretary to explain the current status of this issue and Mr. Tan explained that the Exchange was looking into removing putting issuers on the financial watchlist. Mr. Tan explained that if and when the financial watchlist was removed, the Company would continue to maintain its listing status.
3. Mr. Blythman then went on to provide a brief overview of the world economy and the tariffs imposed by the United States. He said that so far there had been no indications of any further tariff reduction imposed on imported furniture into the United States from Malaysia, as at the date of the AGM. As no further questions were put to the Board, Mr. Blythman then asked shareholders to exercise their votes. He said the polling agent would go around the room to assist and collect the voting slips.
Please Read Full Details From Today' s Announcement1. Shareholder A asked about the Group&rsquo s financial performance.
Mr. Blythman explained that ESA was essentially self-sufficient, with no external loans which are not cash backed. He went on to say that for FY2025, ESA reported a slightly lower revenue of S$15 million compared to S$15.4 million in the previous financial year. ESA reported a loss after tax due mainly to impairment of certain items of inventory and unrealised foreign currency loss translation.
Regarding the Gas distribution business, Mr. Blythman explained that this segment of the Group&rsquo s business was loss making owing mainly attributable to the fact that the price of the supply of gas to residential customers required approval by the local county governments in Hubei China. However, Anlu, Dawu and Xiaochang had implemented revised residential pricing, and this was expected to be a positive development for the gas distribution business.
Regarding the Group&rsquo s property business, Mr. Blythman explained that the current permitted use for the remaining acreage in the United States was limited, and management was exploring development opportunitiesfor the remaining land. Further, Mr Bythman said that the Pelangi Avenue shop lot was in the final stages of completion, and the Company had already received commitments to rent the top 3 floors of the building. This he said would start to generate additional revenue for the Group.
Lastly, on financial performance, Mr. Blythman informed the meeting that the Group had also received revenue from the Maxstar deal, although the circular was still pending clearance from the Exchange.
Shareholder B asked about the going concern issue flagged by the auditor.
Mr. Blythman explained that this was predominately due to net current liability position as the China gas business had significant short-term borrowings.
2. Shareholder C asked about the financial watchlist status.
Mr. Blythman asked the Company Secretary to explain the current status of this issue and Mr. Tan explained that the Exchange was looking into removing putting issuers on the financial watchlist. Mr. Tan explained that if and when the financial watchlist was removed, the Company would continue to maintain its listing status.
3. Mr. Blythman then went on to provide a brief overview of the world economy and the tariffs imposed by the United States. He said that so far there had been no indications of any further tariff reduction imposed on imported furniture into the United States from Malaysia, as at the date of the AGM. As no further questions were put to the Board, Mr. Blythman then asked shareholders to exercise their votes. He said the polling agent would go around the room to assist and collect the voting slips.
SGX Talking Very Kiang, Talk & Talk But No Action!
So Many Months Already Still Cannot Make Up Their Mind!
Dunno Who Is The Goondo Who Suggested In The First Place, Killing So Many Counters That May Have Survive If They Can Get A Bridging Loan!
Anyway, Renaissance Should Turn Profitable Soon, Since Majority Of The Bulk Revenue Come From China Gas Contribution. Now Very Minimum Capex & Significant Improved Income.
Not A Buy Call, Trade At Own Risk & Rewards!
If SGX decides to remove the Watchlist requirements, all Watchlist counters will fly.
It' s like being released from jail.
Who knows the reviews and recommendations may be near with the new initiatives to revive the market being talked about the last few months
It' s like being released from jail.
Who knows the reviews and recommendations may be near with the new initiatives to revive the market being talked about the last few months
Volmax ( Date: 30-Sep-2025 22:05) Posted:
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QUARTERLY UPDATE PURSUANT TO RULE 1313(2) OF THE LISTING MANUAL
Excerpt From Today' s Announcement
China&rsquo s policymakers have launched policy changes in reforming controls on downstream gas pricing. To date, the Xiaochang, Anlu, Dawu and Guangshui Governments have adopted the policy. As announced on 12 August 2025, this is expected to have a positive impact on the financial performance of HZLH and the Group, generally.
As mentioned in the last quarterly report, the Hubei provincial government requested all gas companies to update their concession agreements with their respective local governments. Local management and their lawyers have been in discussion with officials on the proposed amendments. To date, Xiaochang, Anlu, Dawu and Guangshui have executed an amendment to their original concession agreements, which further clarified their key terms.
(a) the Exclusive Marketing Agreement with Maxstar under which RUW, a wholly owned subsidiary of the Company, was appointed as the exclusive marketing agent for Maxstar in the USA. This initiative has begun to generate revenue for the Group, although as an extraordinary general meeting has yet to be convened, the revenue generated has been temporarily been classified as &ldquo Other Income&rdquo .
(b) the Pelangi Acquisition. This development is in the final completion stage and the Company understands from the developer SP Setia Berhad that it will take possession of the strata title within the next 3 months. The Company will make an announcement as and when this takes place. The Company has already signed a tenancy agreement to lease out the top 3 floors of the building. The ground floor is expected to be tenanted within this quarter.
(b) the Pelangi Acquisition. This development is in the final completion stage and the Company understands from the developer SP Setia Berhad that it will take possession of the strata title within the next 3 months. The Company will make an announcement as and when this takes place. The Company has already signed a tenancy agreement to lease out the top 3 floors of the building. The ground floor is expected to be tenanted within this quarter.
The circular for the Proposed Geographical Expansion and Proposed Property Business Diversification of the Group&rsquo s property business continues to be in progress. Once the circular is ready for dissemination, the Company will make an announcement and notify shareholders of the date an extraordinary general meeting will be held.
Please Read Full Details In Today' s Announcement!
Ai Lai Ai Lai Liao!
Buying Interest Starts To Stirs!
coming soon!
Volmax ( Date: 15-Sep-2025 08:18) Posted:
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No Major Changes To 1QFY26 Financial Statement, All' s Well Developed As Planned.