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Capitaland
WBdisciple
Elite
13-Oct-2020 18:26     
 
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 Alert Admin 		Accumulated losses of S$80 milliion plus in Compact' s balance sheet in Dec 2008:
http://docplayer.net/132772044-Compact-metal-industries-ltd-has-over-the-years-established-itself-as-one-of-the-leaders-in-the-aluminium-industry.html

Now the key thing to note here is this Chng Beng Hock  putting money where his mouth is....as substanstial shareholders, they have most to lose if Vibropower dun do well.
 
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hongchangcc
Senior
13-Oct-2020 18:18     
 
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 Alert Admin 		Ah.. interesting perspective..where did you get info Compact Metal not doing well before he came in? Can share?

hongchangcc      ( Date: 13-Oct-2020 18:09) Posted:

Eh? Legacy Issues? Compact Metal losses looks like 2012, 2013, 2014 no? So they exited after generating losses?

NOTICE OF INCLUSION ON THE WATCH-LIST WITH EFFECT FROM 04 MARCH 2015 The Board of Directors (the & ldquo Board& rdquo ) of Compact Metal Industries Ltd (the & ldquo Company& rdquo ) wishes to announce that following the Notice of 3 Consecutive Years& rsquo Losses released by the Company on 03 March 2015, the Singapore Exchange Securities Trading Limited (the & ldquo SGX-ST& rdquo ) has notified the Company that it will be placed on the watch-list with effect from 04 March 2015. The Company will have to fulfill the requirements under Rule 1314 of the SGX-ST Listing Manual for its removal from the watch-list within 24 months from 04 March 2015, failing which the SGX-ST would delist the Company or suspend trading of the Company& rsquo s shares with a view to delisting the Company. The Company would like to notify all its shareholders and business partners that the Group& rsquo s business shall continue as usual, and that trading in its securities will also continue unless a trading halt or suspension is effected. BY ORDER OF THE BOARD Chng Beng Hua Executive Director 04 March 2015 

https://links.sgx.com/FileOpen/Inclusion%20in%20Watch%20list.ashx?App=Announcement& FileID=337331

WBdisciple      ( Date: 13-Oct-2020 17:58) Posted:

Compact Metal losses were legacy issues before Chng Gim Huat came into the picture in 2007 to take a majority stake...otherwise i think Compact Metal and its shareholders would have game over then...

His sons, Alex Chng and Beng Hua, are listed as directors... 
http://docplayer.net/132772044-Compact-metal-industries-ltd-has-over-the-years-established-itself-as-one-of-the-leaders-in-the-aluminium-industry.html

Chng Gim Huat sold off his stake to chinese investor in 2014 and now have transformed to ICG...

 
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WBdisciple
Elite
13-Oct-2020 18:15     
 
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 Alert Admin 		Compact Metal was not in good shape before they came in...

Important thing is that they put money where their mouth is....as majority shareholders, they have most to lose if list co GG. 

Same thing here for this Chng Beng Hock...almost every week buy Vibropower.....Vibropower do well, then he will do well...else why waste time...
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hongchangcc
Senior
13-Oct-2020 18:09     
 
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 Alert Admin 		Eh? Legacy Issues? Compact Metal losses looks like 2012, 2013, 2014 no? So they exited after generating losses?

NOTICE OF INCLUSION ON THE WATCH-LIST WITH EFFECT FROM 04 MARCH 2015 The Board of Directors (the & ldquo Board& rdquo ) of Compact Metal Industries Ltd (the & ldquo Company& rdquo ) wishes to announce that following the Notice of 3 Consecutive Years& rsquo Losses released by the Company on 03 March 2015, the Singapore Exchange Securities Trading Limited (the & ldquo SGX-ST& rdquo ) has notified the Company that it will be placed on the watch-list with effect from 04 March 2015. The Company will have to fulfill the requirements under Rule 1314 of the SGX-ST Listing Manual for its removal from the watch-list within 24 months from 04 March 2015, failing which the SGX-ST would delist the Company or suspend trading of the Company& rsquo s shares with a view to delisting the Company. The Company would like to notify all its shareholders and business partners that the Group& rsquo s business shall continue as usual, and that trading in its securities will also continue unless a trading halt or suspension is effected. BY ORDER OF THE BOARD Chng Beng Hua Executive Director 04 March 2015 

https://links.sgx.com/FileOpen/Inclusion%20in%20Watch%20list.ashx?App=Announcement& FileID=337331

WBdisciple      ( Date: 13-Oct-2020 17:58) Posted:

Compact Metal losses were legacy issues before Chng Gim Huat came into the picture in 2007 to take a majority stake...otherwise i think Compact Metal and its shareholders would have game over then...

His sons, Alex Chng and Beng Hua, are listed as directors... 
http://docplayer.net/132772044-Compact-metal-industries-ltd-has-over-the-years-established-itself-as-one-of-the-leaders-in-the-aluminium-industry.html

Chng Gim Huat sold off his stake to chinese investor in 2014 and now have transformed to ICG...

 

hongchangcc      ( Date: 13-Oct-2020 17:37) Posted:

Your Google skills powerful..managed to find out anything about Compact Metal' s losses and placement on SGX watchlist
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WBdisciple
Elite
13-Oct-2020 17:58     
 
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 Alert Admin 		Compact Metal losses were legacy issues before Chng Gim Huat came into the picture in 2007 to take a majority stake...otherwise i think Compact Metal and its shareholders would have game over then...

His sons, Alex Chng and Beng Hua, are listed as directors... 
http://docplayer.net/132772044-Compact-metal-industries-ltd-has-over-the-years-established-itself-as-one-of-the-leaders-in-the-aluminium-industry.html

Chng Gim Huat sold off his stake to chinese investor in 2014 and now have transformed to ICG...

 

hongchangcc      ( Date: 13-Oct-2020 17:37) Posted:

Your Google skills powerful..managed to find out anything about Compact Metal' s losses and placement on SGX watchlist?

WBdisciple      ( Date: 13-Oct-2020 17:30) Posted:

Went to do some research...they are brothers...

Directors of ICG, Vibropower and Vibrant raise shareholdings in respective firms
The Edge Singapore Published on Fri, Aug 21, 2020 / 6:30 AM GMT+8

Chng Beng Hua, executive director of International Cement Group (ICG) that owns cement plants in Central Asia, recently acquired 2.5 million shares from the open market.

On Aug 7, he acquired 1.5 million shares for $37,500, which works out to an average of 2.5 cents each. On Aug 11, he acquired another one million shares for $42,150, or a significantly higher price of 4.215 cents each. Chng now holds a direct stake of 14.5 million shares. He is deemed to be interested in another five million shares, four million of which are held under his wife&rsquo s name, and one million held under CPF. Chng therefore has a total of 19.5 million shares, which works out to 0.34%.

ICG used to be known as Compact Metal Industries, before Ma Zhaoyang, chairman and executive director, took control by injecting his cement interests into the listed entity and became the controlling shareholder. He now owns a stake of around 80%.

On Aug 6, ICG reported earnings of $6 million for the 1HFY2020 ended June, up 23% y-o-y. Revenue in the same period was up 9% y-o-y to $63.1 million. The higher revenue was led by higher sales of cement in Tajikistan, but partially offset by lower revenue generated by the aluminium division, which was hit by the &ldquo circuit breaker&rdquo measures in Singapore which put a halt to most construction activities. As at June 30, the company&rsquo s net asset value per share was 3.6 cents, up slightly from 3.58 cents as at Dec 31, 2019. Cash and cash equivalents came in at about $20 million.

Last year, the company tried to acquire a cement business in Africa in a deal worth just over US$100 million ($137 million) but the Singapore Exchange (SGX0 refused to give its approval.
 
Brothers in arms
Meanwhile, Chng Beng Hock, brother of Beng Hua, was himself busy acquiring shares in another company. Beng Hock used to be a director at Compact Metal and he is also a substantial shareholder of Vibropower Corporation.

On Aug 13, Beng Hock acquired 23,700 Vibropower shares for 13.8 cents each. He now holds 3.66 million shares directly and is deemed interested in another two million shares under Phillip Securities. That brings his total stake to some 5.66 million shares, or 10.502%, up from 10.458% previously.

Before the latest transaction, Beng Hock had acquired 30,300 shares for 13.9 cents each on Aug 12 46,400 shares for 14.3 cents each on Aug 11 48,200 shares for 14.37 cents each on Aug 4 and 10,200 shares for 14.39 cents each on Aug 1. He had bought steadily during last month as well.

On Aug 14, Vibropower reported losses in 1HFY2020 ended June widened to $1.38 million from $24,000 in 1HFY2019. Revenue in the same period was down 64.4% y-o-y to $2.77 million, due to lower revenue from both its project and powerplant businesses. As at June 30, Vibropower&rsquo s net asset value per share stood at 25.87 cents, down from 38.31 cents as at Dec 31, 2019.
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WBdisciple
Elite
13-Oct-2020 17:48     
 
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News is a bit old but interesting to know more about the CHNG family business...
The Business Times, 04 July 2007
http://realty-united.blogspot.com/2007/07/businessman-chng-gim-huat-of-cgh-group.html

Businessman Chng Gim Huat of CGH Group has emerged as the top bidder for a hotel site near Amara Hotel, with an offer worth $97.07 million.

Mr Chng controls 51 per cent of Compact Metal Industries.
 
Businessman Chng Gim Huat of CGH Group has emerged as the top bidder for a hotel site near Amara Hotel, with an offer worth $97.07 million.

The group plans to invest a further $70 million-plus developing the 99-year leasehold plot into a 270-room, three-to-four-star business hotel. That brings the all-in investment to about $620,000 per room.

&lsquo Assuming an average room rate of about $168 per night currently, the hotel&rsquo s occupancy will have to be above 70 per cent before we can break even. But we expect room rates to be at least 20 per cent higher when the hotel is completed, most likely within three years,&rsquo said CGH Group director Benjamin Chng.

The state tender drew only one other bidder - from Hiap Hoe Superbowl JV Pte Ltd, which offered $78.8 million for the site.

The reserve-list site was triggered for release with an undertaking by a developer to bid at least $60.888 million. Mr Chng&rsquo s bid at yesterday&rsquo s state tender reflects a unit land price of $562 psf of potential gross floor area, which is $11 psf per plot ratio lower than the $573 psf ppr fetched for another nearby hotel plot, awarded to Carlton Properties earlier this year.

The lower bid in yesterday&rsquo s tender could be due to the fact that the latest site has a lower plot ratio, and hence smaller maximum gross floor area compared with the earlier plot, CB Richard Ellis executive director Li Hiaw Ho reckons.

Mr Chng told BT yesterday that besides developing the plot into a 270-room hotel, CGH Group also plans to include about 30,000 sq ft net lettable area of commercial space. &lsquo Some of this will be for the hotel&rsquo s use while the rest will be strata titled for possible sale, or we may just keep it for investment,&rsquo Mr Chng said.

CGH Group also owns Orchard Grand Court at Killiney Road, comprising more than 200 &lsquo hotel-style&rsquo service apartments. It still owns about 600,000 sq ft of ramp-up factory space at Paya Ubi Industrial Park which it developed. This comprises about 40 per cent of the original development. The other 60 per cent has been sold. Of the 600,000 sq ft CGH Group still owns, 80 per cent has been let.

In the residential sector, the group recently completed the 44-unit condo Dengfu Ville in Kampong Eunos, which was fully sold earlier this year.

In August/September, it is planning to launch Esta Ruby, which has 72 apartments housed in a 19-storey twin tower development, with a rooftop pool. The project also includes ground floor shop units and a basement carpark.

 
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hongchangcc
Senior
13-Oct-2020 17:37     
 
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 Alert Admin 		Your Google skills powerful..managed to find out anything about Compact Metal' s losses and placement on SGX watchlist?

WBdisciple      ( Date: 13-Oct-2020 17:30) Posted:

Went to do some research...they are brothers...

Directors of ICG, Vibropower and Vibrant raise shareholdings in respective firms
The Edge Singapore Published on Fri, Aug 21, 2020 / 6:30 AM GMT+8

Chng Beng Hua, executive director of International Cement Group (ICG) that owns cement plants in Central Asia, recently acquired 2.5 million shares from the open market.

On Aug 7, he acquired 1.5 million shares for $37,500, which works out to an average of 2.5 cents each. On Aug 11, he acquired another one million shares for $42,150, or a significantly higher price of 4.215 cents each. Chng now holds a direct stake of 14.5 million shares. He is deemed to be interested in another five million shares, four million of which are held under his wife&rsquo s name, and one million held under CPF. Chng therefore has a total of 19.5 million shares, which works out to 0.34%.

ICG used to be known as Compact Metal Industries, before Ma Zhaoyang, chairman and executive director, took control by injecting his cement interests into the listed entity and became the controlling shareholder. He now owns a stake of around 80%.

On Aug 6, ICG reported earnings of $6 million for the 1HFY2020 ended June, up 23% y-o-y. Revenue in the same period was up 9% y-o-y to $63.1 million. The higher revenue was led by higher sales of cement in Tajikistan, but partially offset by lower revenue generated by the aluminium division, which was hit by the &ldquo circuit breaker&rdquo measures in Singapore which put a halt to most construction activities. As at June 30, the company&rsquo s net asset value per share was 3.6 cents, up slightly from 3.58 cents as at Dec 31, 2019. Cash and cash equivalents came in at about $20 million.

Last year, the company tried to acquire a cement business in Africa in a deal worth just over US$100 million ($137 million) but the Singapore Exchange (SGX0 refused to give its approval.
 
Brothers in arms
Meanwhile, Chng Beng Hock, brother of Beng Hua, was himself busy acquiring shares in another company. Beng Hock used to be a director at Compact Metal and he is also a substantial shareholder of Vibropower Corporation.

On Aug 13, Beng Hock acquired 23,700 Vibropower shares for 13.8 cents each. He now holds 3.66 million shares directly and is deemed interested in another two million shares under Phillip Securities. That brings his total stake to some 5.66 million shares, or 10.502%, up from 10.458% previously.

Before the latest transaction, Beng Hock had acquired 30,300 shares for 13.9 cents each on Aug 12 46,400 shares for 14.3 cents each on Aug 11 48,200 shares for 14.37 cents each on Aug 4 and 10,200 shares for 14.39 cents each on Aug 1. He had bought steadily during last month as well.

On Aug 14, Vibropower reported losses in 1HFY2020 ended June widened to $1.38 million from $24,000 in 1HFY2019. Revenue in the same period was down 64.4% y-o-y to $2.77 million, due to lower revenue from both its project and powerplant businesses. As at June 30, Vibropower&rsquo s net asset value per share stood at 25.87 cents, down from 38.31 cents as at Dec 31, 2019.
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MBULLISH
Elite
13-Oct-2020 17:31     
 
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 Alert Admin 		Chng beng hua is the director of international cement who has been scooping up cement shares in August
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WBdisciple
Elite
13-Oct-2020 17:30     
 
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 Alert Admin 		Went to do some research...they are brothers...

Directors of ICG, Vibropower and Vibrant raise shareholdings in respective firms
The Edge Singapore Published on Fri, Aug 21, 2020 / 6:30 AM GMT+8

Chng Beng Hua, executive director of International Cement Group (ICG) that owns cement plants in Central Asia, recently acquired 2.5 million shares from the open market.

On Aug 7, he acquired 1.5 million shares for $37,500, which works out to an average of 2.5 cents each. On Aug 11, he acquired another one million shares for $42,150, or a significantly higher price of 4.215 cents each. Chng now holds a direct stake of 14.5 million shares. He is deemed to be interested in another five million shares, four million of which are held under his wife&rsquo s name, and one million held under CPF. Chng therefore has a total of 19.5 million shares, which works out to 0.34%.

ICG used to be known as Compact Metal Industries, before Ma Zhaoyang, chairman and executive director, took control by injecting his cement interests into the listed entity and became the controlling shareholder. He now owns a stake of around 80%.

On Aug 6, ICG reported earnings of $6 million for the 1HFY2020 ended June, up 23% y-o-y. Revenue in the same period was up 9% y-o-y to $63.1 million. The higher revenue was led by higher sales of cement in Tajikistan, but partially offset by lower revenue generated by the aluminium division, which was hit by the &ldquo circuit breaker&rdquo measures in Singapore which put a halt to most construction activities. As at June 30, the company&rsquo s net asset value per share was 3.6 cents, up slightly from 3.58 cents as at Dec 31, 2019. Cash and cash equivalents came in at about $20 million.

Last year, the company tried to acquire a cement business in Africa in a deal worth just over US$100 million ($137 million) but the Singapore Exchange (SGX0 refused to give its approval.
 
Brothers in arms
Meanwhile, Chng Beng Hock, brother of Beng Hua, was himself busy acquiring shares in another company. Beng Hock used to be a director at Compact Metal and he is also a substantial shareholder of Vibropower Corporation.

On Aug 13, Beng Hock acquired 23,700 Vibropower shares for 13.8 cents each. He now holds 3.66 million shares directly and is deemed interested in another two million shares under Phillip Securities. That brings his total stake to some 5.66 million shares, or 10.502%, up from 10.458% previously.

Before the latest transaction, Beng Hock had acquired 30,300 shares for 13.9 cents each on Aug 12 46,400 shares for 14.3 cents each on Aug 11 48,200 shares for 14.37 cents each on Aug 4 and 10,200 shares for 14.39 cents each on Aug 1. He had bought steadily during last month as well.

On Aug 14, Vibropower reported losses in 1HFY2020 ended June widened to $1.38 million from $24,000 in 1HFY2019. Revenue in the same period was down 64.4% y-o-y to $2.77 million, due to lower revenue from both its project and powerplant businesses. As at June 30, Vibropower&rsquo s net asset value per share stood at 25.87 cents, down from 38.31 cents as at Dec 31, 2019.
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Joelton
Supreme
13-Oct-2020 17:16     
 
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 Alert Admin 		Chng Beng Hock' s brother...Chng Beng Hua sit on the board of HONG LEONG FINANCE.. 

The family seemed to quite connected but low profile...

https://www.hlf.com.sg/about/board-of-directors/chng-beng-hua.html

Chng Beng Hua

Non-Executive and Independent Director



Mr Chng has many years of working experience in finance, management of hotel and service apartment, and real estate development. He sits on the board of Orchard Grand Court Pte Ltd which owns a serviced apartment consisting of 186 units, and Orchid Hotel Pte Ltd which owns a hotel with 272 guestrooms. He also sits on the board of International Cement Group Limited as an Executive Director.

He holds a Bachelor of Business Administration (Finance) from the University of Texas, Austin, USA.
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WBdisciple
Elite
13-Oct-2020 15:48     
 
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 Alert Admin 		Chng Beng Hock has been buying and buying, it shows that he is putting his money where his mouth is. Worth a look...

And his  track record as a real estate developer may be a positive boost for Vibropower business (which has been languishing) :
Paya Ubi Industrial Park,
Eastwood Park Condo,
Sea Avenue Mansion,
Kim Keat garden,
Chapel Lodge Condo,
Esta Ruby and
Deng Fu Ville

 
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hongchangcc
Senior
11-Oct-2020 23:57     
 
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Is Chng Beng Hock the same Chng Beng Hock who was Director at Compact Metal together with his brother and father? If so, looks like Compact Metal was placed on the watch list after years of consecutive losses on their watch...
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Joelton
Supreme
08-Oct-2020 09:46     
 
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VibroPower shareholder wants to oust board
Alex Chng believes his expertise in the real estate sector will be an advantage for the company
 
ALEX Chng, the substantial shareholder of VibroPower Corporation who is trying to oust the company' s directors, believes his property development background will give the supplier of power generators an advantage in winning contracts to supply generators to the real estate sector.
 
Mr Chng and his cousin Lim Eng Tiong had on Sept 14 exercised their rights to requisition an extraordinary general meeting (EGM).
 
At the time, they collectively held almost nine million VibroPower shares representing 16.5 per cent of outstanding shares. Shareholders holding at least 10 per cent of a company' s voting shares can requisition an EGM.
 
Mr Chng had wanted to reject a proposed placement exercise, boot out all VibroPower' s three directors, and appoint himself and two others to the board.
 
VibroPower' s board currently consists of executive chairman Benedict Chen Onn Meng, and independent directors Ernest Yogarajah s/o Balasubramaniam and Toh Shih Hua.
 
Mr Chng has proposed himself as executive director, and Jonathan Zhang and Christopher Huang as independent directors. Mr Zhang is chief operating officer of a karaoke business, while Mr Huang is a corporate and tax lawyer.
 
Unfortunately for him, VibroPower' s board went ahead on Oct 5 with the proposed placement of 9.5 million new shares to father-and-son duo Wong Kim Siong and Wong Chong Heng.
 
The placement shares were sold at S$0.132 apiece.
 
Vibropower' s shares have been falling since. They closed Wednesday at S$0.15, down 37.5 per cent over the last three days.
 
Mr Chng said he is in talks with his lawyers on his options, but he intends to continue with the EGM. The date of the EGM has not yet been set.
 
Mr Chng said he first started investing in Vibropower last October as he deemed it undervalued.
 
The former research manager and assistant general manager of brokerage firm Alliance Securities said the shares were trading just a shade over 10 Singapore cents then, versus their net asset value at about 47 cents a share.
 
On top of this, the company had a manageable debt load and its controlling shareholder did not hold too large a stake.
 
At the start of 2020, when there was the opportunity to subscribe for excess shares in a rights-cum-warrants issue, he increased his stake to about 4 per cent. He continued to buy shares regularly on the open market.
 
From January this year, Mr Chng also tried to arrange a meeting with the chairman Mr Chen to discuss his plans and intentions for the company. But he was repeatedly put off, with the company citing Mr Chen' s unavailability or sensitive periods.
 
On Sept 8, VibroPower had announced a placement. The company said it hoped to leverage on the networks of the two Mr Wongs to explore more investment or business opportunities in Malaysia. They were introduced to VibroPower by Mr Chen.
 
The placement gives the Wongs almost 15 per cent of the company while diluting Mr Chng' s stake from 12.5 per cent to about 10 per cent, and Mr Chen' s stake from 22.49 per cent to 19.13 per cent.
 
The new shares were placed out at a 10 per cent discount and made up 17.62 per cent of the company' s existing issued share capital - close to the regulatory limit of 20 per cent.
 
Mr Chng has questioned the need to place so many shares, so cheaply, and so soon after the completion of the rights-cum-warrants issue. " You already secured S$1.54 million from the rights issue and there is a potential S$1.8 million coming from the warrants issue," he said. " This is really unfair to shareholders and to me."
 
VibroPower reported a net loss of S$2.62 million for 2019, versus a net profit of S$448,000 a year ago. Revenue fell 28.8 per cent to S$11.03 million, from S$15.48 million.
 
The company was further hit this year by customers' delays in taking deliveries as project schedules were affected by the closure of construction sites during the " circuit breaker" .
 
Vibropower reported losses of S$1.57 million for the first half, from a profit of $108,000 a year ago, as revenue fell 64.4 per cent to S$2.77 million.
 
Mr Chng believes he and his proposed board can do a better job.
 
His family business, PIP Marketing, has had a hand in several private property developments here. He also supervises the day-to-day management of Paya Ubi Industrial Park and maintains tenant relationships.
 
" One of the biggest customer base for power generators is developers," he said, adding that he has a network of developers that can benefit the company' s business. If appointed to the board, he also plans to expand the company' s business into developing countries such as Malaysia and India.
 
When approached for a response, a VibroPower spokesman said: " On matters pertaining to... the recently completed placement of shares, the company has complied with the relevant requirements under the SGX-ST Listing Rules and made the necessary disclosures in its announcements and annual reports, as appropriate.
 
" With regard to the company' s core business, the company continues to see growth opportunities and will capitalise on them as they emerge. The company will make such announcements as and when these new opportunities arise."
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Immotion
Member
05-Oct-2020 09:58     
 
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 Alert Admin 		Vibropower surged +40% last week, I think time to take a breather this week. 
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Joelton
Supreme
05-Oct-2020 09:19     
 
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VibroPower Corporation
 
Between Sept 24 and 28, VibroPower Corporation substantial shareholder Chng Beng Hock increased his total interest in the stock from 12.22 per cent to 12.55 per cent.
 
The 176,900 shares were acquired at an average price of 16.67 cents per share, with a consideration of S$29,481.
 
Mr Chng has gradually increased his substantial shareholding in VibroPower Corporation from 5.24 per cent on June 15.
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Immotion
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02-Oct-2020 10:48     
 
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 Alert Admin 		Cont' ..... 
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Immotion
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01-Oct-2020 16:58     
 
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 Alert Admin 		Today up > 15%.
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Joelton
Supreme
28-Sep-2020 09:09     
 
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VibroPower Corporation
 
Between Sept 17 and 23, VibroPower Corporation substantial shareholder Chng Beng Hock increased his total interest in the stock from 12.00 per cent to 12.22 per cent.
 
The 115,200 shares were acquired at an average price of 16.02 cents per share, with a consideration of S$18,452.
 
Mr Chng has gradually increased his substantial shareholding in VibroPower Corporation from 5.24 per cent on June 15.
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george78
Member
24-Sep-2020 10:44     
 
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 Alert Admin 		Anyone read the requisition notice? 
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camry8151
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23-Sep-2020 23:15     
 
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 Alert Admin 		Isn' t this Chng Beng Hock the Director of Compact Metal? They went in to CM as white knight, restructured the company and exited by selling to the Chinese...
It' s good news if he is coming in, can unlock value for shareholders...

On a separate note, why would the Company need to do a placement when there are S$1.2m remaining proceeds from the recent rights issue? Is it a stunt to dilute CBH? 

Joelton      ( Date: 14-Sep-2020 09:06) Posted:

VibroPower Corporation
 
Between Sept 3 and 9, VibroPower Corporation substantial shareholder Chng Beng Hock increased his total interest in the stock from 10.78 per cent to 11.86 per cent.
 
The 583,900 shares were acquired at an average price of 14.50 cents per share, with a consideration of S$84,938.
 
Mr Chng has gradually increased his substantial shareholding in VibroPower Corporation from 5.24 per cent on June 15.
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