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Hanwell

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Ftyeng     03-Jul-2022 13:34  
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Anyone monitoring this stock, how come it dropped by so much these few days to $0.365?
 
 
annebelinda     27-Jun-2022 11:00  
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Sleeping Ugly!  angry
 
 
annebelinda     16-Jun-2022 13:35  
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Bear market!  crying
 

 
annebelinda     09-Jun-2022 07:09  
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Another year or two. Long wait!  frown
 
 
Nippon72     08-Jun-2022 09:50  
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The Best is yet to Be!
Hope there will be more synergy & expansion to come for PSC. I have confidence in Uncle Sam & his merry men! This is the first foray.
Staple food & daily necessities is a need regardless of war or inflation. 
Vested since Hanwell days!
 
 
Joelton     08-Jun-2022 09:23  
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PSC Corp to acquire food manufacturing businesses for $95.1 million
 
PSC Corporation, the recently-renamed Hanwell Holdings, plans to spend $95.1 million to acquire new frozen food manufacturing businesses with operations in Taiwan, China and Singapore so as to speed up its growth in a related industry.
 
Under terms of the deal, PSC, which makes and distributes consumer staples, will pay using US$2.1 million in cash, and issue 219.7 million new shares at 42 cents, worth $92.3 million, to the vendors. The targets have a book value of $66.720 million.
 
The target companies are Dean Fa Food Co. (Taiwan) and Novel Food Manufacturing Co (Singapore), making brands such as the Qianye brand tofu that&rsquo s sold not only within China but also exported to US, Australia, Singapore and Korea.
 
The vendors are Lee Wen-Chung, Lee Yi-Ming, Lee Wen-Yuan, Liu Hsiu-Yun, Huang Wen-Liang, Ang Teck Hock, Ang Bock Hwee and Yin Wen Xin.
 
The issue price of the new shares is a premium of some 5.53% over the volume-weighted average price of 39.8 cents on June 3.
 
Upon completion of the deal, the vendors will control 39.7% of the enlarged share base of PSC and PSC&rsquo s own share base will increase by 28.4% to 773.1 million shares.
 
On a pro forma basis, the completion of the deal will see PSC&rsquo s NTA per share decrease from 70.88 cents to 59.36 cents its earnings per share drop from 3.54 cents to 2.84 cents.
 
According to PSC, with this acquisition, it will gain the license to run food manufacturing and distribution operations in China as Dean Fa Suzhou holds the required licences and permits for these activities.
 
PSC will take over a manufacturing facility which sits on a plot of land with a remaining lease term of 39 years, plant and machinery, and a ready pool of workers to kick off the operations immediately.
 
PSC&rsquo s executive chairman Sam Goi (picture) says the acquisition will enhance PSC&rsquo s core capabilities in food manufacturing and distribution, whilst harnessing synergies between the two companies.
 
&ldquo In particular, it provides a unique opportunity for us to tap into Dean Fa Food&rsquo s existing resources to expand our soybean production base beyond Singapore, and to gain a strategic foothold in China &ndash one of the world&rsquo s biggest consumer markets,&rdquo he adds.
 
Henry Chu, PSC&rsquo s group CEO, calls this acquisition a &ldquo watershed development&rdquo for PSC as it gives the company the fastest route to expand its operations and distribution network.
 
PSC plans to call for an EGM to seek shareholders&rsquo nod for this deal.
 

 
annebelinda     25-May-2022 16:41  
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Wow! Somenbody playing the counter like poker game. I think it is just LPPL Clown!  cheeky
 
 
annebelinda     20-May-2022 10:58  
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Dead, need stimulant. Got to wait for hopeful interim dividend 0.0025cts again!  crying
 
 
annebelinda     04-May-2022 08:55  
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The board now complises " All the Government' s men" ! Something brewing?  surprise
 
 
annebelinda     28-Apr-2022 17:01  
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Putin' s daughters are placing on his money on Hanwell, slowly buying up all the shares below 42cts!  laugh
 

 
annebelinda     07-Apr-2022 10:18  
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Wait for the new name PSC Corporation Ltd to rise again, then you see pong pong with NAV 55 cts now while share price is still at or below 40 cts. Buy 40 cts for 55 cts share is worth it! Which fools do  not wish to rush in for uncertain time like this! Maybe, Putin' s daughters already considering to park Putin' s assets on PSA Corporation Ltd now. Safe Haven!  wink

desmodeus      ( Date: 04-Apr-2022 11:23) Posted:

mr flour, when are you going to make it pong pong? neck long long le. mr old pohpia too coasting along

 
 
desmodeus     04-Apr-2022 11:23  
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mr flour, when are you going to make it pong pong? neck long long le. mr old pohpia too coasting along
 
 
annebelinda     31-Mar-2022 11:25  
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Why Uncle Sam still can' t make up his mind? Want to be movie star or sell poh piah? Someone should raise this question at the AGM!  enlightened
 
 
annebelinda     24-Mar-2022 13:52  
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Haha! Uncle Sam now Covid-19 outside mask restrictions lifted, nobody buying poh piah and everybody going to cinema to eat pop corns. Better for Hanwell to sell pop corns also.  laugh
 
 
annebelinda     09-Mar-2022 15:53  
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Real " pai seh" stock to recommend!  cheeky

annebelinda      ( Date: 09-Mar-2021 13) Posted:

War is over soon! Nothing worthwhile to buy for Hanwell now. Hope next year will be better.  blush

 

 
annebelinda     09-Mar-2022 14:43  
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War is over soon! Nothing worthwhile to buy for Hanwell now. Hope next year will be better.  blush
 
 
Nippon72     02-Mar-2022 11:41  
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Everything rises & falls on leadership. Either we have faith in Uncle Sam or we don' t? 
Vote with our feet, move onto other counters if we feel the latter. 
Alternatively, offer your views in AGM if you feel you got better ideas.
I don' t have, I will just ride on the coattail of Uncle Sam. 
Vested albeit small player nia. 
 

annebelinda      ( Date: 01-Mar-2022 19:48) Posted:

What happen to Uncle Sam? So busy with film star now, no time to shave(or save) his face and even can' t be bother to buy up all those unwanted stocks below 42 cts  crying

annebelinda      ( Date: 26-Feb-2022 10:02) Posted:

Since we are here, we must learn from Uncle Sam (i.e. Don' t put all your eggs in one basket!). See Sam Goi and Oei Hong Leong are now investing $19.5 million in a media production company, mm2 Asia  enlightened


 
 
annebelinda     02-Mar-2022 10:15  
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Actually, cannot blame Uncle Sam. This kind of small job should be handed by his men sitting on their fannies all the time. Collecting 5 to 6 figures wages annually, yet don' t take out some to give support to Uncle Sam who are helping them all this while, especially the old ones who are lucky still not retired. Sometimes, some people are just blockhead, don' t know how to respect and have gratitude.  cool

annebelinda      ( Date: 01-Mar-2022 19:48) Posted:

What happen to Uncle Sam? So busy with film star now, no time to shave(or save) his face and even can' t be bother to buy up all those unwanted stocks below 42 cts  crying

annebelinda      ( Date: 26-Feb-2022 10:02) Posted:

Since we are here, we must learn from Uncle Sam (i.e. Don' t put all your eggs in one basket!). See Sam Goi and Oei Hong Leong are now investing $19.5 million in a media production company, mm2 Asia  enlightened


 
 
annebelinda     01-Mar-2022 19:48  
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What happen to Uncle Sam? So busy with film star now, no time to shave(or save) his face and even can' t be bother to buy up all those unwanted stocks below 42 cts  crying

annebelinda      ( Date: 26-Feb-2022 10:02) Posted:

Since we are here, we must learn from Uncle Sam (i.e. Don' t put all your eggs in one basket!). See Sam Goi and Oei Hong Leong are now investing $19.5 million in a media production company, mm2 Asia  enlightened

 
 
annebelinda     26-Feb-2022 10:02  
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Since we are here, we must learn from Uncle Sam (i.e. Don' t put all your eggs in one basket!). See Sam Goi and Oei Hong Leong are now investing $19.5 million in a media production company, mm2 Asia  enlightened
 
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