LHT Holding&rsquo s wholly-owned subsidiary, LHT Ecotech Resources, has obtained from DBS Bank an option to purchase (OTP) for the property at 6 Tuas South Street 10. The OTP was obtained on Dec 29 and will lapse if not exercised within two weeks.

 

DBS Bank is the mortgagee of the property. Transvert Scaffold & Engineering is the mortgagor and lessee of the property.

 

According to LHT Holdings, the existing lessee has obtained a leasehold interest in the property from JTC Corporation. The existing lease of the property commenced on Feb 1, 2023. As at Dec 30, the unexpired leasehold property of the property is about 13 years.

 

The property has a land area of approximately 10,000 sqm (107,639.1 sq ft) with a three-storey detached factory and a separate workers&rsquo dormitory erected on the land. The property has a gross floor area (GFA) of about 8,194.58 sqm.

 

The sale and purchase of the property is subject to the proposed purchaser obtaining the written consent and, or approval from JTC for the sale and purchase of the property. The purchaser also needs to obtain the consent for the property&rsquo s change of use to a storage and supply hub for packaging materials, in-house maintenance/repair of equipment and trucks as well as the upcycling of metal parts and components.

 

Finally, clearances from the relevant authorities need to be obtained.

 

Purchase price

 

The purchase price of the property is $3.85 million and will be payable in cash. Of the amount, 5% o the purchase price will be payable upon the exercise of the OTP, minus the option fee that was paid on the date of the OTP.

 

The balance will be paid upon the completion of the purchase.

 

Based on a valuation of the property dated Dec 15, the property&rsquo s open market value is $4.8 million. The property comes with an annual rental fee of $50,949.84. The annual rent is subject to an annual increase of 3%.

 

On Oct 10, LHT Holdings : BEI 0% managing director, Yap Mui Kee, acquired 21,200 shares at average price of 72.46 cents per share. With a consideration of S$15,362, this took her direct interest in the manufacturer of high-quality wooden pallets, boxes, and crates from 15.17 per cent to 15.21 per cent. Her preceding acquisition on Sep 29, saw Yap acquire 12,300 shares at 68.0 cents per share. Yap has gradually increased her direct interest in LHT Holdings from 14.12 per cent in August 2021.

 

On Sep 29, LHT Holdings : BEI 0% managing director, Yap Mui Kee, acquired 12,300 shares for a consideration of S$8,364. At an average price of 68 cents per share, this took her direct interest in the manufacturer of high-quality wooden pallets, boxes, and crates from 15.15 per cent to 15.17 per cent. Yap has gradually increased her direct interest in LHT Holdings from 14.12 per cent in August 2021.

 

On May 26, LHT Holdings : BEI 0% managing director, Yap Mui Kee, acquired 45,800 shares of the company for a consideration of S$32,518.

 

At an average price of 71.0 cents per share, this took her direct interest in the manufacturer of high-quality wooden pallets, boxes, and crates from 14.99 per cent to 15.07 per cent.

 

Yap has gradually increased her direct interest in LHT Holdings from 14.12 per cent in August 2021.

 

She has been an executive director of LHT Holdings since January 1988 and is in charge of the sales and marketing functions of the group.

 

On May 24, LHT Holdings : BEI 0% managing director, Yap Mui Kee, acquired 49,500 shares of the company for a consideration of S$34,719.

 

At an average price of 70.1 cents per share, this took her direct interest in the manufacturer of high-quality wooden pallets, boxes, and crates from 14.89 per cent to 14.99 per cent.

 

Preceding acquisitions saw Yap buy 52,100 shares at 71.0 cents per share on Mar 25, 17,700 shares at 70.0 cents per share on Mar 18 and 24,600 shares of at 69.1 cents per share on Mar 7.

 

Yap has over 35 years of experience in sales and marketing and plays a key role in exploring opportunities in new markets.

 

Part of her responsibility is also to monitor market developments and streamline the company&rsquo s product development efforts according to market demands.

 

Yap spearheads the group&rsquo s RFID (Radio Frequency Identification) ECR Pallet Tracking System and is actively involved in its ECR (Efficient Consumer Response) pallet rental business in Singapore and Malaysia.

 

On Mar 25, LHT Holdings LHT : BEI 0% managing director, Yap Mui Kee, acquired 52,100 shares of the company for a consideration of S$36,991. At 71.0 cents per share, this took her total interest in the manufacturer of high-quality wooden pallets, boxes, and crates from 14.79 per cent to 14.89 per cent. This followed her acquisitions of 17,700 shares at 70.0 cents per share on Mar 18 and 24,600 shares of at 69.1 cents per share on Mar 7.

 

Yap has over 35 years of experience in sales and marketing and plays a key role in exploring opportunities in new markets.

 

On Mar 18, LHT Holdings LHT : BEI 0% managing director, Yap Mui Kee, acquired 17,700 shares of the company for a consideration of S$12,390.

 

At 70.0 cents per share, this took her total interest in the manufacturer of high-quality wooden pallets, boxes, and crates from 14.76 per cent to 14.80 per cent.

 

This followed her acquisition of 24,600 shares of at 69.1 cents per share on Mar 7.

 

After Yap' s appointment as acting managing director in February 2016, she became chairman, managing director and CEO in February 2017.

 

Yap has over 35 years of experience in sales and marketing and plays a key role in exploring opportunities in new markets.

 

On Feb 25, LHT Holdings, which has been in the timber industry for over 40 years, reported that its profit before income tax increased by 55.0 per cent to S$5.65 million in FY21 (ended Dec 31), compared to S$3.64 million in FY20.

 

This was mainly due to a higher gross profit margin, lower administrative expenses and lower other expenses in FY21 compared to FY20.

 

On Mar 7, LHT Holdings LHT: BEI +7.69% chairman, managing director and CEO, Yap Mui Kee acquired 24,600 shares of the company for a consideration of S$17,004. At an average price of 69.1 cents per share, this took her total interest in the manufacturer of high-quality wooden pallets, boxes, and crates from 14.72 per cent to 14.76 per cent. Since Sep 20, 2021, she has been steadily increasing her direct interest in LHT Holdings from 14.12 per cent.

 

She has been executive director of the company since January 1988. After her appointment as acting managing director on in February 2016, she became chairman, managing director and CEO in February 2017.

LHT Holdings

 

On Jan 20, LHT Holdings LHT: BEI +3.82% chairman, managing director and CEO, Yap Mui Kee acquired 15,100 shares of the company for a consideration of S$10,519.

 

At an average price of 69.7 cents per share, this took her total interest in the manufacturer of high quality wooden pallets, boxes and crates from 14.69 per cent to 14.72 per cent.

 

Her preceding acquisition saw her buy 46,800 shares at 69.0 cents per share on Jan 7.

 

Yap has been executive director of the company since January 1988 and is in charge of all sales and marketing functions of the group.

 

She has over 35 years of experience in sales and marketing and plays a key role in exploring opportunities in new markets.

 

LHT Holdings will report its FY21 (ended Dec 31) results after the Feb 25 close.

LHT Holdings

 

On Jan 7, LHT Holdings LHT: BEI 0% chairman, managing director and CEO, Yap Mui Kee acquired 46,800 shares of the company for a consideration of S$32,292.

 

At an average price of 69.0 cents per share, this took Yap' s total interest in the manufacturer of high-quality wooden pallets, boxes, and crates from 14.60 per cent to 14.69 per cent.

 

Since Sep 20, 2021, she has been steadily increasing her direct interest in LHT Holdings from 14.12 per cent.

 

Yap has been executive director of the company since January 1988.

 

After her appointment as acting managing director in February 2016, she became chairman, managing director and CEO in February 2017.

 

The company announced last week that it will report its FY21 (ended Dec 31) financials after the Feb 25 market close.

LHT Holdings

 

On Dec 16, LHT Holdings LHT: BEI +1.52% chairman, managing director and CEO, Yap Mui Kee acquired 81,700 shares of the company for a consideration of S$53,334.

 

At an average price of 65.3 cents per share, this took Yap' s total interest in the manufacturer of high-quality wooden pallets, boxes, and crates from 14.43 per cent to 14.58 per cent.

 

Her preceding acquisitions were on Oct 1, with 57,300 shares acquired at 65.0 cents per share and Sep 21 with 110,000 shares at 65.0 cents per share.

 

Yap has been the executive director of the company since Jan 2, 1988 and is in charge of all sales and marketing functions of the group.

 

After her appointment as acting managing director on Feb 26, 2016, she became chairman, managing director and CEO on Feb 10, 2017.

 

Yap has over 35 years of experience in sales and marketing and plays a key role in exploring opportunities in new markets.

 

On Oct 1, LHT Holdings LHT: BEI 0% chairman, managing director and CEO, Yap Mui Kee acquired 57,300 shares of the listed company for a consideration of S$37,239.

 

At an average price of 65.0 cents per share, this took Yap' s total interest in the manufacturer of high quality wooden pallets, boxes and crates from 14.32 per cent to 14.43 per cent.

 

Her preceding acquisition, on Sep 21 also saw Yap acquire 110,000 shares at 65.0 cents per share.

 

Prior to that, she had not acquired LHT Holdings shares since June 16, 2020, with 78,100 shares bought at 62.6 cents per share

 

Yap has been the executive director of the company since Jan 2, 1988 and is in charge of all sales and marketing functions of the group.

 

After her appointment as acting managing director on Feb 26, 2016, she became chairman, managing director and CEO on Feb 10, 2017.

 

She has over 35 years of experience in sales and marketing and plays a key role in exploring opportunities in new markets.

 

Part of her responsibility is also to monitor market developments and streamline the company' s product development efforts according to market demands.

 

LHT Holdings has been in the timber industry for more than 40 years. Since its establishment in 1977, it has grown into one of the largest manufacturers of high quality wooden pallets, boxes and crates in Singapore, with facilities occupying 63,568 square metres of land in Singapore.

 

On May 19, LHT Holdings chairman, managing director and CEO Yap Mui Kee acquired 19,800 shares of the listed company for a consideration of S$12,290.

 

At an average price of 62.1 cents per share, this took her total interest in the manufacturer of high quality wooden pallets, boxes and crates from 13.93 per cent to 13.97 per cent.

 

Ms Yap' s preceding acquisitions were on April 27 with 27,800 shares acquired at 57.0 cents per share, and on April 6 with 50,000 shares bought at 57.6 cents per share.

 

Ms Yap has been the executive director of the company since Jan 2, 1988 and is in charge of all sales and marketing functions of the group. After her appointment as acting managing director on Feb 26, 2016, she became chairman, managing director and CEO on Feb 10, 2017.

 

She has over 25 years of experience in sales and marketing and plays a key role in exploring opportunities in new markets. Part of her responsibility is also to monitor market developments and streamline the company' s product development efforts according to market demands.

 

Ms Yap also spearheads the group' s RFID (radio frequency identification) ECR (efficient consumer response) pallet tracking system and is actively involved in the group' s ECR pallet rental business in Singapore and Malaysia.