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Chansenghoe1971 Elite	05-Feb-2024 14:32        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe having massage now tonytony      ( Date: 05-Feb-2024 14:31) Posted: Dont think kk is in SJ .
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tonytony Veteran	05-Feb-2024 14:31        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont think kk is in SJ .
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Chansenghoe1971 Elite	05-Feb-2024 13:33        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	To a do performance shares they have to buy back to beef up the treasury shares but are they buying? Chansenghoe1971      ( Date: 05-Feb-2024 08:51) Posted: With ESOS at 0.13, which noob employees want to subscribe? KK should use performance shares instead. He needs proper advisor. Story of Active Homes not sustainable. Should privatise or do an off market equal access like Jumbo. Price way below book. So it makes sense.
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tonytony Veteran	05-Feb-2024 13:00        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good suggestion but how to get your message across to the controlling shareholders ?
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Chansenghoe1971 Elite	05-Feb-2024 08:51        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	With ESOS at 0.13, which noob employees want to subscribe? KK should use performance shares instead. He needs proper advisor. Story of Active Homes not sustainable. Should privatise or do an off market equal access like Jumbo. Price way below book. So it makes sense.
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tonytony Veteran	04-Feb-2024 18:09        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope they are reading this chat .
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Chansenghoe1971 Elite	04-Feb-2024 15:32        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	798 units / rooms, assuming full occupancy. Per unit / room yields RM3,000 per month. Or annual additional revenue from Active Homes is RM28m (about SGD8m) Assuming profit margin is 20% or RM 5.7m or SGD1.6m Total revenue (including ppe) $8m plus $50m post Covid. Profit ($1.6 minus 0.5m loss, mostly making losses pre Covid) So bottom line not impressive and revenue not scalable So I always suggest boss to privatise. Balance 30% not in his hands, or 180,000,000 shares at 0.15, he needs to fork out $28m and the free cash on hand is about $30m What is he waiting for?!
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tonytony Veteran	04-Feb-2024 13:13        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Short sellers borrowed thru SGX SBL , from two guys to short on 2 Feb . When must they cover back ?
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desmodeus Veteran	03-Feb-2024 22:20        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Desaru. great. Book one next week
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tonytony Veteran	03-Feb-2024 19:26        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is for seniors who are not inactive , bedridden types , for people who are retired and still active able to take care of ownselves , and can walk around without assistants . Caesar      ( Date: 02-Feb-2024 13:51) Posted: Probably already priced in ... remember the recent rally? Could be due to this development. Retailers always last to know ... tonytony      ( Date: 02-Feb-2024 10:39) Posted: Positive update but unappreciated , why ?
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FreedomAngelz Veteran	03-Feb-2024 18:23        FreedomAngelz About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pretty sure old folks home will be in big demand, plus with the train railway system up and ready in 2026, land and property in Johor will go up eddyeddy      ( Date: 03-Feb-2024 16:51) Posted: Rumours that this project has been swindled by the partner were all fabricated . Management were honest in the AGM , told the investors the project was progressing well as planed.
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eddyeddy Master	03-Feb-2024 16:51        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rumours that this project has been swindled by the partner were all fabricated . Management were honest in the AGM , told the investors the project was progressing well as planed.
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ETHunter Master	03-Feb-2024 11:19        ETHunter About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	This update has a positive impact on the outlook. Next will be the coming earning results. UG can trend back up closer to NAV if results are good.
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Ramster Master	02-Feb-2024 15:56        Ramster About Contact  Quote this Post!
x 0   x 0  Alert Admin	So need to be alert to sudden changes
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tonytony Veteran	02-Feb-2024 14:48        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Many joined in the euphoria to buy on Monday , today is the last day to pick up or square off the positions .
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Chansenghoe1971 Elite	02-Feb-2024 14:22        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kind of agree Caesar      ( Date: 02-Feb-2024 13:51) Posted: Probably already priced in ... remember the recent rally? Could be due to this development. Retailers always last to know ... tonytony      ( Date: 02-Feb-2024 10:39) Posted: Positive update but unappreciated , why ?
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Caesar Master	02-Feb-2024 13:51        Caesar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Probably already priced in ... remember the recent rally? Could be due to this development. Retailers always last to know ... tonytony      ( Date: 02-Feb-2024 10:39) Posted: Positive update but unappreciated , why ?
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SmallSmall Supreme	02-Feb-2024 09:34        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good that they are diversifying into something more recession proof. SmallSmall      ( Date: 02-Feb-2024 09:29) Posted: UPDATE ON THE ACTIVE RETIREMENT HOME PROJECT The board of Directors (the &ldquo Board&rdquo ) of UG Healthcare Corporation Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the Company&rsquo s earlier announcements dated 18 January 2023, 14 October 2022 and the circular to shareholders dated 23 November 2022 in relation to, amongst others, the business expansion into investing, developing, operating, and managing active retirement homes (the &ldquo Active Retirement Home Project&rdquo ) and healthcare and wellness centres located in Desaru, Malaysia. All capitalised terms used and not defined herein shall have the same meanings given to them in the announcement dated 14 October 2022. The Board wishes to provide the following developments with respect to the Active Retirement Home Project: 1. Completion of Land acquisition The State Consent with respect to the sale and transfer of the Land has been obtained and the balance of the Land Purchase Price of RM33,300,000 (equivalent to approximately S$9.42 million) has been funded by Indigo Teguh Sdn Bhd (&ldquo Indigo&rdquo ), a wholly-owned subsidiary of the Company. As such, the acquisition of the Land has been completed. 2. Receipt of necessary and relevant approvals All necessary and relevant approvals with respect to the development of the Active Retirement Home Project, including the building plan of 798 units and necessary amenities, have been obtained from the respective and relevant authorities as of end January 2024. 3. Updates to Development Agreement and Partnership Agreement On request by the Company&rsquo s joint venture partners, LAL is replaced with Lumayan Cergas Management Sdn Bhd (&ldquo LCM&rdquo )1 . Hence, a new (i) tripartite exclusive development and management agreement between the proprietors of the Land, LCM, and Indigo and (ii) mutual agreement between LCM and Indigo (collectively, the &ldquo New Agreements&rdquo ) has replaced the initial Development Agreement 1 The directors of LCM are Noor Saadah Binti Abdul Hamid and Mohd Zainudin Bin Mat Amin (the proprietors of the Land), Datin Khoo Lay Wah and Mr Lee Keck Keong (&ldquo Mr Lee&rdquo ) (Executive Director and Chief Executive Officer of the Company). The shareholders of LCM are Mr Lee, holding 45% of the capital of LCM, Dato&rsquo Tan Ah Chak, holding 45% of the capital of LCM, and Datin Khoo Lay Wah holding 10% of the capital of LCM. Page 2 of 2 and Partnership Agreement. All salient terms and conditions of the New Agreements remain consistent with the Development Agreement and Partnership Agreement, including amongst others, LCM shall be responsible for all matters relating to the Active Retirement Home Project. With the receipt of necessary and relevant approvals, the planning and development of the Active Retirement Home Project has commenced.
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SmallSmall Supreme	02-Feb-2024 09:29        SmallSmall About Contact  Quote this Post!
x 0   x 0  Alert Admin	UPDATE ON THE ACTIVE RETIREMENT HOME PROJECT The board of Directors (the &ldquo Board&rdquo ) of UG Healthcare Corporation Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the Company&rsquo s earlier announcements dated 18 January 2023, 14 October 2022 and the circular to shareholders dated 23 November 2022 in relation to, amongst others, the business expansion into investing, developing, operating, and managing active retirement homes (the &ldquo Active Retirement Home Project&rdquo ) and healthcare and wellness centres located in Desaru, Malaysia. All capitalised terms used and not defined herein shall have the same meanings given to them in the announcement dated 14 October 2022. The Board wishes to provide the following developments with respect to the Active Retirement Home Project: 1. Completion of Land acquisition The State Consent with respect to the sale and transfer of the Land has been obtained and the balance of the Land Purchase Price of RM33,300,000 (equivalent to approximately S$9.42 million) has been funded by Indigo Teguh Sdn Bhd (&ldquo Indigo&rdquo ), a wholly-owned subsidiary of the Company. As such, the acquisition of the Land has been completed. 2. Receipt of necessary and relevant approvals All necessary and relevant approvals with respect to the development of the Active Retirement Home Project, including the building plan of 798 units and necessary amenities, have been obtained from the respective and relevant authorities as of end January 2024. 3. Updates to Development Agreement and Partnership Agreement On request by the Company&rsquo s joint venture partners, LAL is replaced with Lumayan Cergas Management Sdn Bhd (&ldquo LCM&rdquo )1 . Hence, a new (i) tripartite exclusive development and management agreement between the proprietors of the Land, LCM, and Indigo and (ii) mutual agreement between LCM and Indigo (collectively, the &ldquo New Agreements&rdquo ) has replaced the initial Development Agreement 1 The directors of LCM are Noor Saadah Binti Abdul Hamid and Mohd Zainudin Bin Mat Amin (the proprietors of the Land), Datin Khoo Lay Wah and Mr Lee Keck Keong (&ldquo Mr Lee&rdquo ) (Executive Director and Chief Executive Officer of the Company). The shareholders of LCM are Mr Lee, holding 45% of the capital of LCM, Dato&rsquo Tan Ah Chak, holding 45% of the capital of LCM, and Datin Khoo Lay Wah holding 10% of the capital of LCM. Page 2 of 2 and Partnership Agreement. All salient terms and conditions of the New Agreements remain consistent with the Development Agreement and Partnership Agreement, including amongst others, LCM shall be responsible for all matters relating to the Active Retirement Home Project. With the receipt of necessary and relevant approvals, the planning and development of the Active Retirement Home Project has commenced.
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Chansenghoe1971 Elite	02-Feb-2024 07:05        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Watch this UG today. Hope got some show and bring on other PPE
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