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Golden Energy new
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WBdisciple
Elite |
19-Jul-2021 08:06
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KTL Global&rsquo s Wholly-Owned Subsidiary, Tianci Agritech, Expands its Business Presence in Singapore with a Wider Variety of Fresh Produce and Consumer Products &bull Tianci Agritech has procured nearly 18 containers of fresh produce and consumer products to be distributed and marketed in Singapore &bull Popular Chinese brands and products from prominent Chinese consumer product manufacturer, such as 山 东 鲁 花 集 团 and 泰 祥 集 团 , will be brought in by Tianci Agritech &bull Proactively identifying and evaluating strategic business partners in Singapore with a view to create new value propositions together in Singapore&rsquo s consumer staples market Singapore, 9 July 2021 &ndash KTL Global Limited (&ldquo KTL&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that its wholly-owned subsidiary, Tianci Agritech Pte Ltd (&ldquo Tianci Agritech&rdquo ) has procured nearly 18 containers of fresh produce and consumer products to be distributed and marketed in Singapore. |
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WBdisciple
Elite |
18-Jul-2021 22:24
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The current situation in Singapore shows how important food security is and for Singapore that imports more than 90% of our food, KTL Global' s new business model looks very promising and most imptly, they have already started ops, which means revenue contribution will prob start very soon. pls do your own DD |
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For_The_Next_Leg
Master |
16-Jul-2021 14:37
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$KTL Global^(EB7.SI) This is looking good especially in the new norm.
Raising S$3.1m at S$0.103. a reasonable price.
https://links.sgx.com/1.0.0/corporate-announcements/K2DJDL74VU2ARJB3/7682917a5148e450d0a4d5091038f534585660f619ddc50fc93c361b5f6acda6
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easywin
Supreme |
16-Jul-2021 09:39
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Sell first and come back later | ||||
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Joelton
Supreme |
16-Jul-2021 09:37
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KTL Global Undertakes Share Placement to Raise Approximately S$3.1 Million to Accelerate Growth of its Consumer-Centric Businesses in Singapore
&bull Proposed share placement to provide new funds for the growth of its consumer-centric business model
&bull KTL has recently announced new business initiatives targeted at the fresh produce and consumer market in Singapore
&bull KTL&rsquo s consumer-centric business model is aligned with the addressable market opportunities that are driving the food demand and consumption trends in Singapore
KTL Global Limited (&ldquo KTL&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that it is raising approximately S$3.1 million from a proposed share placement exercise (the &ldquo Share Placement&rdquo ) to accelerate growth of its consumer-centric business in Singapore.
Under the terms of the Share Placement, KTL will issue 30,000,000 new ordinary shares at an issue price of S$0.103 per share, which represents a discount of approximately 9.9% to the volume weighted average price of S$0.1143 for trades done on the ordinary shares in the capital of the Company (&ldquo Shares&rdquo ) on the Singapore Exchange Securities Trading Limited (&ldquo SGX- ST&rdquo ) for the full market day on 13 July 2021 (being the preceding market day up to the time the respective Placement Agreements were signed).
The proceeds of the Share Placement shall be used for business expansion and working capital purposes in relation to the Group&rsquo s growth plans of its consumer-centric businesses in Singapore.
As at end-June 2020, Singapore had a population of 5.7 million, representing a slight decrease by 0.3 per cent. from 2019, largely due to a 2.1 per cent. decrease in the non-resident population in 2020. By 2030, it is estimated that Singapore&rsquo s total population could range between 6.5 million and 6.9 million.
In 2018, expenditure on food constituted approximately 20.3% of the total average monthly household expenditure in Singapore, forming the second largest category of expenditure, behind just housing and related expenditure.
Notably, with little farming land, Singapore imports over 90% of the food consumed in the country.
Recognising that the food demand and consumption in Singapore has been on a general uprising trend, the Group expects such trend to continue to increase albeit the rate of increase potentially varying over periods of time.
As such, overseas suppliers may also present cheaper alternatives than local food produce. Hence, this presents opportunities for the Group to create new value propositions in this market segment.
The Group has announced two new business initiatives in this area:
1. On 12 July 2021 &ndash Proposed acquisition of 51% of Singapore E-Commerce Platform, EBUY, to expand its business presence in the fresh produce and consumer retail industry in Singapore.
EBUY is a leading distributor of fresh produce in Singapore, including daily fresh vegetables and fruits, to food service providers, retailers, restaurants and hotels. With its fulfilment centre at the western region of Singapore, EBUY has built up its own logistics supply chain network with a fleet of delivery vehicles.
In addition, EBUY has a mobile application that serves as an online supermarket for consumers, offering a wide range of groceries.
2. In June 2021 &ndash KTL completed the acquisition of Tianci Agritech Pte Ltd (&ldquo Tianci Agritech&rdquo ) for S$0.2 million, marking its first foray in the fresh produce business. Tianci Agritech is engaged in the business of supplying and distributing vegetable and fruits produce to various consumer groups in Singapore and it has secured key supply contracts with suppliers of vegetable produce in Malaysia.
More recently, Tianci Agritech has procured nearly 18 containers of fresh produce and consumer products to be distributed and marketed in Singapore. The fresh produce and consumer products are sourced and procured mainly from Shandong Province, China, which is a leading agriculture hub in China. Key agricultural products includes apples, peanuts and vegetables, among others.
Offering more options to Singapore consumers, Tianci Agritech will be bringing in popular Chinese brands and products from prominent Chinese consumer product manufacturers, such as 山 东 鲁 花 集 团 and 泰 祥 集 团 , which have produced a wide variety of delectable consumer products.
Mr Chin Teck Oon, Executive Director of KTL, said: &ldquo We have made good headways with the new team&rsquo s background in fresh produce and agricultural trade as well as extensive business networks and experience in the import and distribution of food products.
The proposed share placement provide further impetus to accelerate our business plans to build a stronger business foundation based on the positive macro trends of Singapore&rsquo s consumer staples market.&rdquo
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TokKong71
Senior |
16-Jul-2021 09:09
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Wah panic sell liao. 😂 | ||||
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WBdisciple
Elite |
16-Jul-2021 07:34
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Ongoing claim is legacy issue involving the Eric Kuah, CEO of Vibrant Logistics and the money involved is about S$1m....they seemed to have bad blood: https://www.straitstimes.com/business/companies-markets/vibrant-ceo-charged-over-allegedly-pushing-ex-ktl-chairman-down-stairs They have been attracting investors and it shows the confidence for the new team... With the convertible loan of S$2m and share placement of S$3m, total of S$5m cash will strengthen their balance sheet. DYODD |
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ThankYou
Supreme |
16-Jul-2021 00:54
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Rise to above 12 cents is my Guess. Then will drop...
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TokKong71
Senior |
15-Jul-2021 21:55
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So tmrw mkt open will rise or drop to 0.103 leh? | ||||
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vju2827
Member |
15-Jul-2021 21:46
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Good or not
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spursfan
Supreme |
15-Jul-2021 21:09
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PROPOSED PLACEMENT OF AN AGGREGATE OF 30,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY at the issue price of S$0.103 per Placement Share https://links.sgx.com/1.0.0/corporate-announcements/3420U7WA24AG1F2D/674976_Announcement_Placement_20210715.pdf |
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superstartup
Supreme |
15-Jul-2021 11:47
Yells: "Enjoy doing Fundamental Research" |
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NAV is negative. Company in need of $ to sustain daily ops. There is on-going claim against the company and the company is fighting a Default judgement. New convertible loan. Conversion price 0.062 Trade with care.
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superstartup
Supreme |
15-Jul-2021 11:46
Yells: "Enjoy doing Fundamental Research" |
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Likely they want to announce some " good" news to mitigate their financial statements (audit opinion / comments). Hence they keep pushing back the release date for the financial statements. Company in need of cash to sustain operation. |
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SLLIMJ
Senior |
15-Jul-2021 11:37
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Hopefully is good news 
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ThankYou
Supreme |
15-Jul-2021 11:08
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Should have more news to announce, which is better. So earliest is tomorrow now.
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SLLIMJ
Senior |
15-Jul-2021 11:00
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Ya still halted, will it be lifed today?
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TokKong71
Senior |
15-Jul-2021 08:07
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It's still halted. Wonder today will be able to trade again.
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des_khor
Supreme |
15-Jul-2021 06:47
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Some also bought at 0.12 .
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ThankYou
Supreme |
15-Jul-2021 02:22
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New SSH they bought at 113 & 115. This bodes well for the stock. | ||||
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papayaface
Supreme |
14-Jul-2021 11:49
Yells: "This is the best time to enter....when everythings uncertain" |
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Ya, last few days they have announced expansion plans. Should tie in with the flow. Good luck
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