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Chuan Hup Results Announcement

PhillipTan
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12-Jul-2021 22:30

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Chuan Hup in JV with Siera Group to develop land site in Queensland

Chuan Hup Holdings' Australian subsidiary Ventrade Australia has entered into a joint venture with BHHP14, an associated company of Siera Group, to acquire and develop a land site located in Surfers Paradise, Queensland, Australia.

Siera and its group of associated companies is a boutique residential property developer and builder, specialising in medium-density housing, luxury homes, and small lot subdivisions in South-East Queensland. The Siera Group' s current portfolio comprises a mix of luxury apartments and terrace homes.

The joint venture company (JVCo) named SG14 has been formed and has an initial issued and paid-up capital of A$100 divided into 100 ordinary shares and will be engaged in the business of multi-resident residential property development projects in South-East Queensland. Each Ventrade and BHHP14 will hold 50% of the total equity interst in SG14, thereby resulting in SG14 becoming an associated company of Chuan Hup.

SG14 will then be acquiring a 1,518 sqm land site for a consideration of A$4.65 million, excluding government taxes. The land will then be developed into a mixed-residential tower comprising approximately 83 residential apartments across 14 levels

Chuan Hup believes that this JV is a strategic opportunity for it to venture into residential property development projects in Queensland, Australia.

The joint venture development site is centrally located on the exclusive Chevron Island, situated between the heart of Surfers Paradise and the Gold Coast CBD in the suburb of Southport. The JV will enable the group to leverage on the Siera Group' s experience in residential property development in Queensland, Australia.

Under the JV, Siera will provide development management services for the development of the Land and will receive a management fee from SG14. Ventrade will then be contributing 100% of the initial working capital for SG14.

Ventrade and BHHP14 will share the JV net profit in the ratio of 70:30, where the profits to be distributed to Ventrade may be in the form of dividends or interest payments on finance provided.

Shares in Chuan Hup closed at 22 cents on July 12.

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Kandee
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09-Jul-2021 22:16

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The Concerto and One Kennedy profits will only be recognized during the 2nd half of FY 2021. Should bump up its profit for FY 2021

desmondxyz ( Date: 03-Jun-2021 16:56) Posted:

Cash	148
GB building office	31.6
The Central office	42
Associates and joint venture	77.6
Concerto & one kennedy	25
Investment securities	27
Total	351.2
outstanding shares	925
Per share value	0.37955258
Cash	0.15994812

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desmondxyz
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03-Jun-2021 16:56

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Cash	148
GB building office	31.6
The Central office	42
Associates and joint venture	77.6
Concerto & one kennedy	25
Investment securities	27
Total	351.2
outstanding shares	925
Per share value	0.37955258
Cash	0.15994812

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Secret_Squirrel
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07-Apr-2021 17:46

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Yells: "Stay curious but skeptical"

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Now 23 cents.
slowly moving up.

newbie19 ( Date: 12-Feb-2021 12:38) Posted:

Happy 牛 Year to all. Wish all good health and good wealth

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newbie19
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12-Feb-2021 12:38

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Happy 牛 Year to all. Wish all good health and good wealth

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jervis43
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06-Oct-2020 23:43

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Paying dividend of 1 cent again~

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lynn89
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09-Oct-2019 09:50

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Paying dividend of 1 cent - much better than expected

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katak88
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31-Aug-2019 16:22

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Chuan Hup FY2019 net loss widens to US$26.4m

THU, AUG 29, 2019 - 10:55 PM

CHUAN Hup Holdings on Thursday posted a net loss of US$26.4 million for the financial year ended June 30, widening from US$913,000 a year ago. This excludes a profit of US$73 million from the disposal of its manufacturing business if included, Chuan Hup would have posted a net profit of US$46.6 million for the year. (see clarification note)

This was mainly due to share of losses from an associate, which amounted to US$19.9 million.

Revenue also dived 67.7 per cent to US$18.3 million from US$56.6 million in FY2018, due to a decrease in revenue from property sales.

Loss per share for continuing operations was was 2.84 US cents, compared with restated loss per share of 0.10 US cents a year ago.

Chuan Hup proposed a final dividend of one Singapore cent for the year, the same as in the previous year. Combined with an interim special dividend of nine cents paid out on May 30, total dividends for FY2019 will be 10 Singapore cents per share. (see clarifiction note)

Shares of Chuan Hup closed at S$0.27 on Thursday, down 0.5 Singapore cent or 1.82 per cent.

Clarification note: The article above has been revised to include certain profits and dividends for clarity.
https://www.businesstimes.com.sg/companies-markets/chuan-hup-fy2019-net-loss-widens-to-us264m

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katak88
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10-May-2019 09:14

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CHUAN HUP HOLDINGS LIMITED
Date & Time of Broadcast : 08-May-2019 17:58:07

Dividend/ Distribution Type : Special
Declared Dividend/ Distribution Rate (Per Share/ Unit) : SGD 0.09
Record Date and Time : 16/05/2019 17:00:00
Ex Date : 15/05/2019
Pay Date : 30/05/2019

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bayduck
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09-May-2019 17:16

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Vested. Management is shareholder friendly, and rather savvy in capital allocation. Similar to Hanwell (which I also own), CH is doing capital reduction, and the less lazy balance sheet is overall a good thing.

ken7951 ( Date: 09-May-2019 17:05) Posted:

9cts dividend coming
congrats to those who still holding the shares

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ken7951
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09-May-2019 17:05

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9cts dividend coming
congrats to those who still holding the shares

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katak88
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02-Apr-2019 13:05

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Security : PCI LIMITED - SG0534000260 - P19
Announcement Details
Announcement Title : Court Meeting
Date & Time of Broadcast : 02-Apr-2019 12:28:04

2. Results of the Scheme Meeting
2.1 The directors of the Company are pleased to announce that at the Scheme Meeting convened pursuant to an order of the Court and held today at The Multi-Purpose Room, Level 2, Pioneer Road North, Singapore 628475 at 10.30 a.m., the Shareholders have, by a majority in number of Shareholders present and voting, either in person or by proxy, at the Scheme Meeting, such majority holding not less than 75 per cent. in value of the Shares voted at the Scheme Meeting, APPROVED the Scheme.

4. Next Steps and Expected Timetable

4.3 As set out in the Scheme Document, Shareholders should note the following indicative timetable in relation to the Scheme:
Expected date of Court hearing of the application to sanction the Scheme : 17 April 2019
Expected last day of trading of the Shares : 24 April 2019
Expected Books Closure Date : 26 April 2019 at 5.00 p.m.
Expected Effective Date : 29 April 2019(1)
Expected date for the payment of the Scheme Consideration : By 9 May 2019
Expected date for the delisting of the Shares : After payment of the Scheme Consideration

Note: (1) The Scheme will only be effective and binding upon lodgement of the Court Order with ACRA. The Court Order will be lodged with ACRA upon the satisfaction (or, where applicable, waiver) of all the Scheme Conditions, a list of which is set out in Appendix 9 to the Scheme Document The above timetable is indicative only and may be subject to change. Please refer to future announcement(s) by the Company and/or the Singapore Exchange Securities Trading Limited for the exact dates of these events.

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katak88
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02-Apr-2019 12:55

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Date & Time of Broadcast : 02-Apr-2019 12:44:22
CHUAN HUP HOLDINGS LIMITED
REQUEST FOR LIFTING OF TRADING HALT :: REQUEST FOR LIFTING OF TRADING HALT
Effective Date and Time of the event :: 02/04/2019 13:15

katak88 ( Date: 02-Apr-2019 11:36) Posted:

02 Apr 2019 07:39 AM
CHUAN HUP HOLDINGS LIMITED
Request for Trading Halt :: Request for Trading Halt
Reasons for Trading Halt :: Pending results of PCI Limited Scheme Meeting.

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alidaud
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02-Apr-2019 11:47

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http://www.cakap.net/gann-square-of-9/?s=chuan+hup& cp=0.37

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katak88
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02-Apr-2019 11:36

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02 Apr 2019 07:39 AM
CHUAN HUP HOLDINGS LIMITED
Request for Trading Halt :: Request for Trading Halt
Reasons for Trading Halt :: Pending results of PCI Limited Scheme Meeting.

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Berani
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21-Mar-2019 09:31

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0.375 still very cheap now

0.335 + 0.09 is 0.425

SmallSmall ( Date: 21-Mar-2019 09:02) Posted:

Date already fixed for court Sanction for PCI sale

ysh2006 ( Date: 21-Mar-2019 07:33) Posted:

CH investors happy only got special div. PCI still waiting thr offer letter

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SmallSmall
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21-Mar-2019 09:02

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Date already fixed for court Sanction for PCI sale

ysh2006 ( Date: 21-Mar-2019 07:33) Posted:

CH investors happy only got special div. PCI still waiting thr offer letter.

ysh2006 ( Date: 20-Mar-2019 19:55) Posted:

CH proposed special div. but so far didn't said when they will sell PCI away at 13.3c ? Three months already.

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ysh2006
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21-Mar-2019 07:33

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CH investors happy only got special div. PCI still waiting thr offer letter.

ysh2006 ( Date: 20-Mar-2019 19:55) Posted:

CH proposed special div. but so far didn't said when they will sell PCI away at 13.3c ? Three months already.

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ysh2006
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20-Mar-2019 22:22

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Why NATO ? Waited long long already....

katak88 ( Date: 07-Jan-2019 15:30) Posted:

PROPOSED DISPOSAL OF SHARES IN PCI LIMITED

1. THE PROPOSED DISPOSAL

1.1 Background. On 4 January 2019, PCI Limited (&ldquo PCI&rdquo ) and Pagani Holding III Limited (the &ldquo Purchaser&rdquo ) announced (&ldquo Joint Announcement&rdquo ) the proposed acquisition (the &ldquo Acquisition&rdquo ) by the Purchaser of all the issued shares in PCI which would be effected by way of a scheme of arrangement (the &ldquo Scheme&rdquo ) pursuant to Section 210 of the Companies Act, Chapter 50 of Singapore (the &ldquo Companies Act&rdquo ) and the Singapore Code on Take-overs and Mergers (the &ldquo Code&rdquo ). In connection with the Acquisition, PCI and the Purchaser have on the same day entered into an implementation agreement (the &ldquo Implementation Agreement&rdquo ) setting out the terms and conditions on which PCI and the Purchaser will implement the Scheme.

1.2 Current Holdings. As at 4 January 2019, Chuan Hup Holdings Limited (the &ldquo Company&rdquo together with its subsidiaries, the &ldquo CHH Group&rdquo ) has an interest in 152,701,506 shares in the ordinary and paid-up capital of PCI (the &ldquo Sale Shares&rdquo ), representing approximately 76.70% of the total issued and paid-up share capital of PCI. The Company intends to transfer the Sale Shares to the Purchaser (&ldquo Proposed Disposal&rdquo ).

3. PRINCIPAL TERMS OF THE SCHEME

3.2 Consideration. In consideration for such transfer, subject to and upon the Scheme becoming effective, each Entitled Shareholder will be entitled to receive S$1.33 in cash for each PCI Share (the &ldquo Scheme Consideration&rdquo ) held by such Entitled Shareholder as at the Books Closure Date. As at 4 January 2019, the Company holds 152,701,506 PCI Shares and accordingly, subject to the Scheme becoming effective, the Company will be entitled to receive an aggregate of S$203,093,002.98 in consideration for the transfer of the Sale Shares to the Purchaser (&ldquo Consideration&rdquo ).

5. RATIONALE FOR THE PROPOSED DISPOSAL AND USE OF NET PROCEEDS

5.2 Use of Net Sale Proceeds. Based on the unaudited consolidated financial statements of the CHH Group as at 30 September 2018, the Company expects to realise a gain of approximately US$69,181,000 from the Proposed Disposal. The net sale proceeds from the Proposed Disposal are intended to be used as general working capital of the Company, which would further strengthen the Company' s balance sheet, enhance the Company' s financial flexibility and facilitate any plans by the Company to enhance shareholder value. The net sale proceeds could also be redeployed and reinvested in the property sector and potentially other business sectors if the right opportunity presents itself.

7. FINANCIAL EFFECTS

7.2 NTA. Assuming the Proposed Disposal had been completed on 30 June 2018, being the end of the most recently completed financial year of the Company, the financial effects on the NTA per Share would be as follows:

FY2018 After the Proposed Disposal
NTA (US$&rsquo 000) 285,586 357,811
No. of issued ordinary shares 928,272,850 928,272,850
NTA per share (US cents) US 30.77 cents US 38.55 cents

7.3 EPS. Assuming the Proposed Disposal had been completed on 1 July 2017, being the beginning of the most recently completed financial year of the Company, the financial effects on EPS would be as follows:

FY2018 After the Proposed Disposal
Profit attributable to ordinary shareholders (US$&rsquo 000) 13,274 80,171
Weighted average no. of ordinary shares 928,272,850 928,272,850
EPS (US cents) US 1.43 cents US 8.64 cents

https://links.sgx.com/FileOpen/ChuanHupSGXAnnouncement.FINAL.4Jan2019.ashx?App=Announcement& FileID=539538

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ysh2006
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20-Mar-2019 19:55

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CH proposed special div. but so far didn't said when they will sell PCI away at 13.3c ? Three months already.

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