| Latest Forum Topics / Shen Yao Last:0.002 -- |
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Gold rally to 10k?
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k2kingkong
Senior |
02-Apr-2026 08:19
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Shen Yao Holdings (A78): Governance Questions for Minority ShareholdersPosted: 2 April 2026
Disclaimer: This analysis is based on publicly available SGX announcements. It represents the author' s interpretation of disclosed facts. If any factual errors are identified, please comment and corrections will be made.
Key Timeline of Events
Structural Relationships Disclosed
Questions Raised by This Structure
Current Financial Position (per SGX Announcements)
Regulatory QuestionsShould SGX consider:
ConclusionThe disclosed facts raise questions about whether Shen Yao Holdings' governance structures provide adequate protection for minority shareholders. The timing of CEO option grants, claim discontinuance announcements, and subsequent Statutory Demands suggests patterns that warrant regulatory attention.
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k2kingkong
Senior |
31-Mar-2026 05:57
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Based on all the evidence from the documents and announcements, here is the summary of the alleged value extraction scheme:
The Yao Liang Value Extraction Scheme: A SummaryPhase 1: Acquisition (2019)
Phase 2: Operations & Fund Flows (2019&ndash 2022)
Phase 3: Collapse & Impairment (2023)
Net result: Parent company left with S$33,000 cash, no business, but S$39.9 million " debt" to related party
Phase 4: Related-Party Assignment (December 2023)
Phase 5: The Legal Pincer (2024&ndash 2025)
Phase 6: Accounting Obfuscation (January 2026)
The Extraction Mechanism
Why This Is Problematic
Bottom LineThe scheme appears designed to:
Whether this constitutes deliberate ploy or unfortunate coincidence of restructuring cannot be proven without internal communications. The appearance is of a structure enabling value extraction at minority expense.
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HappyQueen
Member |
28-Jan-2026 18:24
Yells: "Your beliefs don't make u a better person.Your behavior does" |
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Hi, I&rsquo m quite a noob in investing and would really appreciate some guidance. I&rsquo ve been holding Shen Yao shares for many years, but the stock was delisted from SGX. I&rsquo m not sure what this means for shareholders like me. Is there any chance the shares could be relisted or become tradable again in the future? If not, what options do shareholders usually have in this situation &mdash or does this effectively mean it&rsquo s a gone case already? Thanks in advance for any advice or insights. |
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sklong138
Elite |
28-Jan-2026 17:54
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Based on the provided announcement, here is a summary highlighting the potential benefits to shareholders of Shen Yao Holdings Limited:
---
Summary
1. Resolution of Legal Risks:
· The claim by Golden Point Group has been fully discontinued against the company.
· The company has obtained a court order restraining Tomson from winding-up proceedings, reducing immediate insolvency risk.
2. New Revenue-Generating Business:
· The company has entered into an Agent Agreement with JCS to secure 3.5 million tons of coal over 24 months.
· First contract with a supplier has been executed, with delivery in progress, indicating progress toward generating revenue.
3. Proposed Reverse Takeover with Zion Mobility:
· The company has signed a binding MOU to acquire Zion Mobility, which could lead to a reverse takeover and provide the company with a new operational business.
· Financing support has been secured, including a $2 million loan** and **$1 million in transaction funding, facilitating the deal.
4. Improved Financial Clarity:
· The company has rectified prior accounting errors related to the Claimant&rsquo s amount, reclassifying it from a liability to a dividend/capital reduction, thereby improving the net liability position.
5. Active Pursuit of Business Diversification:
· Besides coal trading, the company continues to explore other business opportunities, reducing dependency on a single venture.
6. Ongoing Engagement with SGX:
· The company is actively working to submit a revised application to SGX for listing compliance, which is a step toward potential resumption of trading in the future.
7. Sponsor Oversight:
· The announcement has been reviewed by the sponsor (ZICO Capital), providing an additional layer of credibility to the disclosures.
---
Conclusion
While the company&rsquo s shares remain suspended and challenges persist, the announced developments indicate meaningful steps toward business revitalization, risk mitigation, and potential future value creation for shareholders. The proposed acquisition of Zion Mobility represents a particularly significant opportunity to re-establish the company as an operating entity.
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Lightyear
Veteran |
13-Jan-2026 17:46
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Will this revive? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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bernardc
Elite |
16-Dec-2025 08:55
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RTO coming..
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bishalnb
Master |
16-Dec-2025 08:24
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what is the new update, when will the trading resume?
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sklong138
Elite |
15-Dec-2025 22:17
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The business trend for electric 2 and 3-wheeler motorcycles is one of strong global growth, largely driven by demand in Asia and significant advancements in battery manufacturing. These vehicles are transitioning from niche alternatives to mainstream transportation and commercial solutions.
📈 Market Growth Projections
The market for electric two-wheelers and three-wheelers is expanding rapidly.
· Electric Two-Wheelers: The global market is projected to grow from $50.13 billion in 2024 to $122.54 billion by 2033, representing a compound annual growth rate (CAGR) of 10.44%.
· Electric Three-Wheel Motorcycles: This specific segment, valued at $5 billion in 2025**, is forecast to reach **$15 billion by 2033, growing at a faster CAGR of 15%.
· Motorcycle Batteries: Supporting this vehicle growth, the global electric motorcycle battery market is expected to be worth $10.5 billion by 2025, also with a projected CAGR of 15%.
🌍 Key Regional Hotspots
The market' s epicenter is in Asia, but growth is accelerating in other emerging economies.
· Dominant Leader: The Asia-Pacific region holds over 65% of the global battery market share, with China and India leading in both vehicle sales and battery production.
· Fast-Growing Markets: Emerging economies in Southeast Asia and Latin America are now some of the fastest-growing EV markets globally. For example:
· Vietnam: Electric motorcycle sales surged 99.2% in the first half of 2025.
· India: Under the FAME II policy, sales skyrocketed from 45,000 to 1.03 million units in just four years.
· Brazil: EV sales more than doubled in 2024.
🔋 Battery Technology & Manufacturing Trends
Battery innovation is central to improving vehicle performance and reducing costs.
· Technology Shift: There is a decisive industry move from traditional lead-acid batteries to lithium-ion chemistries (like Lithium Iron Phosphate/LFP) for their higher energy density, lighter weight, and longer life.
· Next-Generation Tech: Research into solid-state batteries is advancing, promising even greater energy density and safety, though mass production is still developing.
· Emerging Business Models: Battery swapping technology is gaining traction, offering a quick alternative to charging which is particularly useful for commercial delivery fleets.
· Competitive Landscape: The battery supply chain is concentrated in Asia, led by manufacturers like Tianneng Battery and Chaowei Power. Established global firms like Panasonic, Bosch, and Exide Technologies are also key players.
🚀 Growth Drivers vs. Key Challenges
Several factors are fueling adoption, but significant barriers remain.
Primary Growth Drivers:
· Government Policies: Subsidies (like India' s FAME scheme), tax exemptions, and low-emission zone mandates are powerful adoption catalysts.
· Economic Factors: Rising fuel prices and lower operating costs make electric models financially attractive.
· Commercial Demand: The e-commerce boom is creating massive demand for electric three-wheelers in last-mile delivery.
· Urban Mobility: In congested cities, two and three-wheelers offer an agile and efficient transportation solution.
Persistent Market Challenges:
· High Upfront Cost: The initial purchase price, largely driven by the battery, remains a barrier despite lower running costs.
· Infrastructure Gaps: Inadequate public charging infrastructure and " range anxiety" deter potential buyers in many regions.
· Supply Chain & Regulation: Volatile prices for raw materials (like lithium) and complex, varying vehicle regulations across regions create uncertainty for manufacturers.
💡 Strategic Industry Directions
Looking ahead, several strategic trends are shaping the industry' s future:
· Product Diversification: Expansion beyond basic commuter models into high-performance electric motorcycles and purpose-built commercial three-wheelers.
· Technology Integration: Increasing use of smart connectivity, IoT features, and advanced battery management systems for better performance and user experience.
· Market Competition: The landscape is evolving with competition between established automotive giants (e.g., Honda, Yamaha) and dedicated electric vehicle startups.
In summary, the near-future trend is defined by robust growth led by Asia and emerging economies, accelerated by supportive policies and the rapid evolution of battery technology. Success for businesses will depend on navigating cost and infrastructure challenges while innovating in vehicle design and battery solutions.
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sklong138
Elite |
15-Dec-2025 20:32
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Based on the announcement, here is a summary highlighting the potential benefits of the Memorandum of Understanding (MOU) for the shareholders of Shen Yao Holdings Limited:
Summary of Benefits for Shareholders
1. Path to Revitalization and Potential Re-listing: The company' s shares have been suspended since March 2023, and it faces removal from the SGX-ST listing due to its " cash company" status. The Proposed Transaction to acquire Zion Mobility is structured as a reverse takeover, which provides a viable pathway to introduce a new operating business, meet the SGX' s listing requirements under Rule 1017, and ultimately seek a resumption of trading. This is the primary benefit, offering an exit from the current suspended, cash-only status.
2. Access to a New Growth Business: Upon completion, the enlarged group will enter the growing electric mobility sector, specifically in the provision of transport-related industrial design services and the manufacture of electric 2-wheelers, 3-wheelers, and batteries. This allows shareholders to participate in a new business venture with future earnings potential, rather than remaining invested in a dormant cash shell.
3. Financing for the Transaction and Working Capital: The deal is facilitated by two non-interest bearing loans:
· A S$2 million loan from Mr. DL (a Zion Mobility shareholder and co-founder) to fund the transaction and provide working capital for the Group.
· A S$1 million loan from Zion Mobility itself to cover the Company' s related fees and expenses.
These loans provide the necessary capital to pursue the acquisition without immediate interest burden, supporting the company' s restructuring efforts.
4. Binding Commitment and Exclusivity: The MOU is legally binding and includes a 6-month exclusivity period. This obligates both parties to negotiate in good faith and prevents Zion Mobility from seeking other buyers, increasing the likelihood that a definitive agreement will be reached.
5. Alignment with Major Counterparty: One of Zion Mobility' s co-founders and shareholders (Mr. DL) is also providing significant financing, indicating a strong commitment from the vendor' s side to see the transaction through, which is a positive signal for shareholders.
Important Caution: Shareholders should note that the transaction is not guaranteed. It is subject to due diligence, definitive agreements, and regulatory/shareholder approvals. The announcement contains a strong cautionary statement advising shareholders to seek professional advice and refrain from actions that may be prejudicial to their interests.
In essence, the MOU represents a critical and potentially beneficial strategic move to rescue the company from delisting by injecting it with a new business in a promising sector, funded in a shareholder-friendly manner.
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Jimeagle
Veteran |
11-Sep-2025 20:44
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Ah long ah, previously your kept posting gold prices.... now gold prices gone up but SY still in turmoil and wasted the opportunity.. and your capallianz?? You indeed got a lot of collectibles... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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sklong138
Elite |
11-Sep-2025 19:18
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Summary of Shen Yao Holdings Limited Announcement (11 September 2025)
1. Legal Proceedings:
· A major lawsuit (the " Originating Claim" ) against the company and its director, Mr. Yao Liang, is now directed to be resolved through arbitration. The next court review is scheduled for 21 October 2025.
· A separate winding-up threat from Tomson Pte. Ltd. has been successfully restrained by a court order, pending the outcome of the Originating Claim. The company (Shen Yao) states it is not a party to this Originating claim.
2. Business Activity & Funding:
· To exit its " cash company" status, the company signed an agent agreement to source coal. It has facilitated an initial shipment expected to be successfully completed in September 2025.
· The company is actively seeking additional funding from its Chairman and a controlling shareholder to meet working capital needs, though there is no formal obligation for them to provide it.
· An application for a listing rule extension was withdrawn and a new one was submitted to the Singapore Exchange (SGX-ST) in April 2025
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Andrew123
Master |
08-Sep-2025 20:04
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Wonder any chances of returning so we still can play play | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Chansenghoe1971
Elite |
19-Jul-2025 13:12
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Mr Long, how is your Capallianz? How s your aspen? How s your q t?
Thought u evaporated. Still around This forum miss a crossing street rat. Miss all your misleading info here. Welcome back to be whacked
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Jimeagle
Veteran |
19-Jul-2025 12:27
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I thought RIP liao?? Another resurrection?? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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sklong138
Elite |
19-Jul-2025 12:24
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The coal trading market presents significant but complex growth opportunities for trading companies, driven by persistent demand in key regions and sectors, alongside evolving market dynamics. Here&rsquo s a strategic analysis:
### 🔥 1. **Market Drivers and Growth Areas**
- **Asia-Pacific Dominance**:
- **Energy Demand**: Rising electricity needs in India, China, and Southeast Asia sustain coal demand. China alone accounts for **51% of global consumption** (8.93B tons in 2024) .
- **Industrial Expansion**: India&rsquo s steel sector (e.g., Tata Steel, JSW) plans **> 25M ton capacity increases by 2027**, driving coking coal imports .
- **Infrastructure Projects**: Southeast Asia (Vietnam, Philippines) imports coal for power plants, with **6.1% YoY import growth** in 2024 .
- **Niche Industrial Applications**:
- **Cement Production**: Accounts for **~18% of coal demand** due to high-temperature kiln requirements .
- **Metallurgical Coal**: Critical for steelmaking China&rsquo s spot market dominance (45% of PHCC transactions) influences global pricing .
### 🌍 2. **Regional Opportunities and Challenges**
#### **High-Growth Regions**
| **Region** | **Growth Drivers** | **CAGR Projection** |
|------------------|------------------------------------------------------------------------------------|---------------------|
| **Asia-Pacific** | Industrialization, power deficits, steel expansion (India, China, Vietnam) | 2.35&ndash 4.68% |
| **Africa** | Emerging energy demand, low renewable infrastructure | Moderate (data limited) |
| **Eastern Europe**| Reliance on coal for power/steel (e.g., Poland, Czech Republic) | Stable |
#### **Challenges**
- **Environmental Regulations**: Carbon taxes and emission rules in Europe/North America may constrain long-term demand .
- **Trade Volatility**: US-China tariffs could disrupt **8.5M tons of US coking coal exports** to China .
### ⚙ ️ 3. **Strategic Pathways for Trading Companies**
- **Supply Chain Optimization**:
- Secure contracts with major producers (e.g., Indonesia, Australia, Russia) to leverage **cost advantages** .
- Invest in logistics (rail/ship) to reduce transport costs, especially for moisture-sensitive lignite .
- **Product Diversification**:
- Focus on **high-quality bituminous/anthracite coal** (65% market share) for power/steel sectors .
- Explore **carbon capture partnerships** to align with ESG trends .
- **Geographic Targeting**:
- **Priority 1**: India (29% of Australian met coal imports) .
- **Priority 2**: Southeast Asia (growing imports for infrastructure) .
### ⚠ ️ 4. **Risk Mitigation**
- **Price Volatility**: Use futures contracts (e.g., Dalian Commodity Exchange) to hedge against fluctuations .
- **Regulatory Shifts**: Monitor EU carbon border taxes and Asia&rsquo s renewable transition timelines .
- **Supply Disruptions**: Diversify sources to avoid over-reliance on Russia-sanctioned coal .
### 📈 5. **Projected Market Metrics**
| **Indicator** | **2024/2025** | **2030/2035** | **Growth** |
|------------------------|----------------------|----------------------|---------------------|
| **Global Market Value**| $233&ndash $1,663B | $295&ndash $1,909B | 0.9&ndash 4.68% CAGR |
| **Trade Volume** | 8.09B&ndash 8.93B tons | 10.95B+ tons | 1.3&ndash 3.43% CAGR |
### 💡 **Conclusion: Key Strategic Focus**
Trading companies should:
1. **Leverage Asia&rsquo s demand surge** via long-term contracts with utilities/steel plants.
2. **Innovate in logistics and quality control** to compete on efficiency, not just price.
3. **Diversify into ancillary sectors** (e.g., cement, silicon coal ) to offset power-sector declines.
4. **Monitor geopolitical/regulatory risks** proactively.
> While **long-term decarbonization** pressures exist, near-to-mid-term opportunities in emerging economies offer robust growth for agile traders .
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sklong138
Elite |
18-Jul-2025 19:13
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Here is a clear summary of the announcement:
**Summary: Quarterly Update on New Commodities Trading Business**
1. **JCS Coal Supply Agreement:** The Company is contractually obligated to secure 3.5 million tons of coal for JCS within 24 months from March 21, 2025, under its Agent Agreement. The Company is responsible for negotiating purchase terms with suppliers.
2. **Strategic Shift:** The Company aims to pursue similar agreements to transform into a commodities trading company integrated into the mining and resources value chain, establishing this as a core " New Business" line.
3. **Key Appointment:** A senior manager with extensive coal mining and trading experience has been appointed to lead this New Business initiative.
4. **Current Progress:** The Company is actively working with JCS to deliver the first coal shipment and will provide further updates.
5. **Ongoing Diversification:** The Company continues to evaluate other new business opportunities and will announce material developments.
6. **Trading Status Reminder:** The Company' s shares remain suspended from trading on the SGX-ST since March 24, 2023. Shareholders are advised to read announcements carefully and seek professional advice if needed.
**Key Takeaways:** The Company is progressing with its new commodities trading business, starting with a major coal supply contract for JCS, supported by a key hire, and is actively pursuing further growth in this sector while exploring other opportunities. Shareholders are reminded of the ongoing trading suspension.
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sklong138
Elite |
30-Jun-2025 14:55
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Based on the search results, here is a summary of the background and roles of Shen Yao Holdings' CEO and CFO: Interestingly both the current CEO and CFO of Shen Yao are from CapAllianz.
### 🧑 &zwj 💼 Current CEO: Jeffrey Pang Kee Chai
- **Appointment**: Became Group CEO on October 5, 2023, succeeding Liang Yao .
- **Experience**:
- Joined Shen Yao in 2020 as a Non-Executive Independent Director, chairing the Audit and Nominating Committees .
- Previously spent 12 years in senior roles at **CapAllianz Holdings Limited** (SGX-listed), where he led restructuring and strategic planning .
- Background in finance across oil and gas, real estate, and F& B sectors, with over 20 years in audit and commercial fields .
- **Qualifications**: Fellow of the Association of Chartered Certified Accountants (ACCA) and member of the Institute of Singapore Chartered Accountants .
### 👩 &zwj 💼 Current CFO: Chew Ying Ying, Linda
- **Appointment**: Appointed CFO effective April 23, 2025 .
- **Experience**:
- **CapAllianz Holdings** (2016&ndash 2024): Progressed from Accounts Executive to Financial Controller, managing finance and compliance .
- **Precursor Group** (2013&ndash 2016): Worked in audit and accounting roles .
- Holds directorships at **JP Consulting Services Pte. Ltd.** .
- **Qualifications**:
- Certified Public Accountant (CPA Australia, 2019) and Professional Business Accountant (ISCA, 2023) .
- Bachelor of Accountancy from SIM University (2017) .
### 🔄 Key Organizational Context
- **Liang Yao** (Former CEO, Current Chairman):
- Served as CEO from May 2020 to October 2023 before transitioning to Executive Chairman .
- Brings 20+ years in finance, fund management, and corporate strategy .
- **Governance**: The board includes **Yilun Yao** (Non-Executive Director) and **Kee Chai Pang** (who chairs multiple committees) .
### 💎 Executive Profiles Summary Table
| **Position** | **Name** | **Tenure** | **Key Experience** | **Qualifications** |
|--------------|----------|------------|-------------------|-------------------|
| **CEO** | Jeffrey Pang Kee Chai | Since Oct 2023 | 12+ years senior roles, CapAllianz restructuring 20+ years in finance/audit | ACCA Fellow ISCA member |
| **CFO** | Chew Ying Ying, Linda | Since Apr 2025 | CapAllianz (2016-2024): Financial Controller to Accounts Executive Audit at Precursor Group | CPA Australia ISCA B.Accountancy |
| **Chairman** | Liang Yao | CEO until Oct 2023 Chairman since | 20+ years finance, fund management, corporate strategy | Postgrad Diploma, Nanjing University |
This structure reflects recent leadership changes, with Pang driving operational strategy and Chew overseeing financial governance post-2025 .
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sklong138
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11-Jun-2025 09:20
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Here' s a concise summary of the key points:
1. **Loan Agreement:** The company entered into a S$1.8 million loan agreement with its Chairman, Mr. Yeo Hock Huat, on March 3, 2025.
2. **Loan Terms:**
* Interest Rate: 5.0% per annum.
* Repayment: Full principal + accrued interest due within 18 months from disbursement (extendable by mutual written agreement).
* Security: Unsecured.
* Purpose: Additional working capital (operating expenses, etc.).
3. **Regulatory Classification:** As Mr. Yeo is the Chairman, the loan is classified as an " Interested Person Transaction" under the Catalist Rules (Chapter 9).
4. **Compliance Assessment:**
* The company' s Latest Audited Net Tangible Assets (NTA) was S$32.0 million (as of June 30, 2022).
* Under Rule 909, the " value at risk" for this type of loan is the interest payable.
* Interest payable over 18 months: S$135,000.
* This represents 0.4% of the Latest NTA.
5. **Regulatory Outcome:** Since the value at risk (0.4%) is below the 3% NTA threshold (Rule 905(1)):
* No immediate announcement was *required*.
* Shareholder approval was *not necessary*.
6. **Voluntary Disclosure:** The company chose to disclose the loan voluntarily to inform shareholders about the funding for working capital and progress on building its New Business.
**In essence:** The company took a small (S$1.8m), short-term (18-month), unsecured loan from its Chairman at 5% interest for working capital. While legally classified as an Interested Person Transaction, the calculated risk (S$135k interest) was only 0.4% of the company' s assets, falling well below regulatory thresholds requiring announcement or shareholder approval. The company disclosed it voluntarily for transparency regarding its funding needs.
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Chansenghoe1971
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11-Jun-2025 09:10
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Rip SKLong
😜
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happyharvest
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11-Jun-2025 08:27
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RIP liongold 
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