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yuenkf Member	22-Apr-2022 09:07        yuenkf About Contact  Quote this Post!
x 0   x 0  Alert Admin	Independent valuation report coming out soon. Ai chiong liao!
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PHInsider63 Veteran	04-Apr-2022 14:15        PHInsider63 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keep seeing this pop up Do some checks on the fundamentals and past announcements. Seems to be more like a scam. I think price seems manipulated and this should be under SGX Regco purview. Kindly do not bring this up and keep promoting this. I don see anything legit. It this brings up Pennies I will be worried because it will bring up worthless Pennies for hollow pump and dump works. My views.
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easywin Supreme	29-Mar-2022 13:33        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	BBs pump up would not be so slow by now should at least 120 and above with high volume.
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tankoksee Supreme	29-Mar-2022 11:52        tankoksee About Contact  Quote this Post!
x 0   x 1  Alert Admin	for 30 cts otot...... henrymilton      ( Date: 29-Mar-2022 10:57) Posted: --- Post Removed by User ---
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easywin Supreme	29-Mar-2022 10:53        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pumping for 2 hours still cannot go up, pump spoiled? henrymilton      ( Date: 29-Mar-2022 10:32) Posted: --- Post Removed by User ---
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tofudidi Supreme	28-Mar-2022 09:43        tofudidi About Contact  Quote this Post!
x 0   x 0  Alert Admin	going to follow the place movement.. later break 110. 120 come!
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noobnub Supreme	16-Mar-2022 14:07        noobnub About Contact  Quote this Post!
x 0   x 0  Alert Admin	think they earlier injured run road
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noobnub Supreme	11-Mar-2022 11:31        noobnub About Contact  Quote this Post!
x 0   x 0  Alert Admin	break down 105 should see some panic noobnub      ( Date: 10-Mar-2022 11:04) Posted: lots of force selling today wait for the selling to be over
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noobnub Supreme	10-Mar-2022 11:04        noobnub About Contact  Quote this Post!
x 0   x 0  Alert Admin	lots of force selling today wait for the selling to be over
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tofudidi Supreme	04-Mar-2022 14:08        tofudidi About Contact  Quote this Post!
x 0   x 0  Alert Admin	next play coming up. bb stack up. engine moving
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MakeChanges Elite	02-Mar-2022 09:47        MakeChanges About Contact  Quote this Post! Style: Flexible   Mood: Yells: "No price is too low for a bear or too high for a bull"
x 0   x 0  Alert Admin	Cautious trading is advised. the day ending price may not be what you see..
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tankoksee Supreme	26-Feb-2022 00:24        tankoksee About Contact  Quote this Post!
x 0   x 0  Alert Admin	smells a scam sop?
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tedlim Veteran	25-Feb-2022 21:42        tedlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Are sorghum plants and fuel cells worth the US$3 bil 3DOM Inc-linked RTO deals? Two Japanese companies with common shareholders are making moves into a pair of Singapore-listed firms via sepa­ rate reverse takeover deals worth US$3 billion ($4.03 billion). Even as specif­ ics of the deals have sparked queries from the market regulator, the parties involved have maintained their case is sound. On Nov 17 last year, Reenova Investment Holding announced an RTO deal worth US$1 bil­ lion to acquire an entity called 3DOM Singapore. If completed, the company formerly known as ISR Capital will transition from trying to mone­ tise a rare earth concession in Madagascar into one that is developing and selling batteries. The enlarged entity will be controlled by Japan-based 3DOM Inc, which was set up in 2014. The company&rsquo s name is derived from the 3DOM (Three-Dimensionally Ordered Mac­ ro-porous) separator used in its battery tech­ nology. Its representative director Masataka Matsumura is described as a former creative director and the designer of &ldquo a Japanese fash­ ion brand&rdquo . Matsumura first served as direc­ tor and is now 3DOM Inc&rsquo s representative di­ rector and president. The rest of the company&rsquo s board is made up of director and chairman Hikari Imai, who was with Merrill Lynch Japan Securities, as well as director and chief technology officer Kiyoshi Kanamura, a professor of applied chemistry at Tokyo Metropolitan University and the devel­ oper of the 3DOM separator. But before Reenova&rsquo s RTO deal can be com­ pleted, another 3DOM-linked entity has en­ tered into another RTO deal: On Jan 31, Catal­ ist-listed Sinjia Land announced it is moving towards becoming a sorghum producer once a US$2 billion RTO deal with Binex Singapore is completed. Previously known as components manufacturer HLN Technologies, Sinjia Land now deals with hostel management. Like 3DOM Singapore, Binex Singapore is controlled by 3DOM Inc via its subsidiary Binex Inc. In the Sinjia Land&rsquo s announcement, Binex Singapore is said to be in the business of cul­ tivation, harvesting and selling of sorghum. It also produces, sells and does the licensing of biomethanol derived from sorghum, which can be also made into bio-pellets. Sorghum is a cereal grain used as animal feed and in the production of alcoholic bever­ ages and biofuels. Under terms of the sale and purchase agree­ ment (SPA), Sinjia Land will pay for the acqui­ sition by issuing around 5.7 billion new shares at 35 cents each. This is at a 247% premium over the volume-weighted average price of 10.1 cents per share as of Jan 28, which is the last full market day prior to the execution of the SPA. Should the agreement go through, Binex Singapore will hold 96.99% of the shares. Binex Singapore is 73.12% owned by Binex Inc &mdash with 3DOM Inc holding a direct interest of 9.14%. In turn, Binex Inc is 60% owned by 3DOM Inc. Another shareholder in both Binex Inc and 3DOM Inc is Future Science Research, which is owned by 3DOM&rsquo s Matsumura. The valuation and the proposed RTO has drawn queries from Singapore Exchange Reg­ ulation (SGX RegCo). One of the questions be­ ing asked: How did Binex arrive at the indica­ tive value of US$2 billion, given that it has not recorded any revenue and had only a net asset value of about US$900,000 as of Dec 31 last year? In its response made on Feb 5, Sinjia Land stated that the US$2 billion figure is a minimum consideration that Binex Singapore hopes to at­ tain. The figure, it adds, is based on a prelimi­ nary valuation carried out by an independent reviewer last July. The Binex Singapore valu­ ation was also calculated to be in the range of around US$2.515 billion to US$3.148 billion. As such, the acquisition would be at a discount. For the purpose of this RTO, EY Corporate Advisors (EY) will be appointed as the inde­ pendent reviewer, adds Sinjia Land. EY&rsquo s val­ uation report will take precedence over the earlier independent review, and the consid­ eration may be adjusted based on the actual valuation determined. Sorghum and fuel cells In an interview with The Edge Singapore, Binex&rsquo s representative director Hiromichi Aoki maintains that the Binex Singapore valuation is justified and that the future value of the entity is inde­ pendent of its current book value. Aoki, who is also the executive vice presi­ dent of 3DOM Inc, says that EY will consider &ldquo the business model of Binex, future business plans as well as the IP, know-how, data and how Binex will deploy these and develop concrete project pipelines.&rdquo EY will also value the future prospects of the company, such as its potential growth and expansions. Previously from shipping company Kawasaki Kisen Kaisha or &ldquo K&rdquo Line, Aoki adds that Binex Inc will license to Binex Singapore the technolo­ gy and data related to sorghum, biopellets and biomethanol, which is very &ldquo unique and valu­ able&rdquo . He also claims that the technology relat­ ed to producing biomethanol is &ldquo very unique, no other company can produce biomass meth­ anol from biomass materials like sorghum as Binex can.&rdquo Sinjia Land has said that Binex has the tech­ nology to transform the sorghum stems and leaves into biogas, which is then liquefied into biomethanol. Biomass gasification plants and biomethanol synthesis plants are now located in Japan, which are owned by Binex Inc. Mean­ while, Binex Singapore has already commenced talks with engineering, procurement and con­ struction (EPC) companies to set up large-sized mass production biomass gasification plants and biomethanol synthesis plants. As part of its queries, SGX RegCo also asked Sinjia Land to explain Binex&rsquo s revenue streams. The latter has replied that Binex will derive its revenue from the sale of sorghum planted, as well as sorghum derivatives like biomethanol and biopellets . In its reply to SGX RegCo, Sinjia Land also disclosed that Binex&rsquo s first project is in Peru, where an initial 5,000 hectares of land has been secured for planting sorghum in 2022. There will also be an option for an additional 25,000 hectares in subsequent years. The cultivation of the seeds for the Peru farm is now ongoing in Australia. The project is ex­ pected to start generating revenue in late 2022 or early 2023. During the interview, Aoki says by properly utilising the technology, data and know-how, as well as the partners and clients that will take up the products, Binex Singapore will bring about more value larger than what&rsquo s indicated in the current book value. He adds that sorghum grains can be used for human or animal con­ sumption, while the sorghum leaves and stalks can be used as material for biomethanol and biopellets, which will replace coal in coal-fired power plants and steel mills. Biomethanol can also be used as a substitute for fossil fuel in ve­ hicles and other mobilities via direct combus­ tion or as propellant for fuel cells. What it means is that there will be syner­ gy between Binex&rsquo s sorghum production and 3DOM&rsquo s batteries, as 3DOM has licensed its fuel cell technology to Binex. Aoki says this ad­ vanced fuel cell is able to use biomethanol to ex­ tract hydrogen, which can then be used to pow­ er hydrogen fuel cell vehicles. He also envisions that the power generated from the fuel cells can also be used in combination with 3DOM&rsquo s bat­ teries to store energy, which can then be used to charge electric vehicles. &lsquo Independent&rsquo It remains to be seen if market observers and share­ holders of the companies involved will share the positive view painted by 3DOM Inc. What is note­ worthy is how 3DOM Inc has focused squarely on the Singaporean market to gain a listing sta­ tus for the entities it controls. Before this, it also made similar overtures to another Singaporean-listed entity &mdash restaurant operator Chaswood Resources. That deal was first announced on Aug 22 last year. But just 10 days after the sale and purchase agreement was signed on Nov 5, 3DOM Singapore scrapped the deal. In an earlier interview, 3DOM Singapore CEO Shusuke Oguro told The Edge Singapore that there were &ldquo differences in perspective and approaches to the implementation of the acqui­ sition, and it was therefore determined to termi­ nate the agreement&rdquo . On Nov 17, 3DOM Singapore announced its RTO deal with Reenova. Under the terms of the agreement, Reenova will issue US$1 billion worth of new shares at 0.75 cent per share, which will be a 150% premium to Reenova&rsquo s last traded price of 0.3 cent before a trading suspension last November. Upon completion of the deal, 3DOM Singapore will end up owning 96.4% of the en­ larged share capital of Reenova. Like the Sinjia Land and Binex deals, SGX RegCo made queries to Reenova about its US$1 billion valuation for 3DOM Singapore, given the latter has a negative net book value of $1.3 mil­ lion and made no revenue for FY2020. In its re­ ply, Reenova said the US$1 billion figure is a min­ imum consideration that 3DOM Singapore hopes to attain, based on a preliminary valuation carried out by an indepedent qualified valuer last July. This valuation had formed the basis of the commercial terms, and 3DOM Singapore was valued at around US$1.355 billion to US$1.613 billion. Like Sinjia Land, Reenova says it has also appointed EY Corporate Advisors to determine the value of 3DOM Singapore. EY&rsquo s valuation re­ port will take precedence over the earlier inde­ pendent qualified valuer&rsquo s preliminary report. The similar sequence of events and common shareholding of Binex and 3DOM Singapore aside, Binex&rsquo s Aoki claims that these transactions are &ldquo independent&rdquo . He adds: &ldquo It happened that the timing for 3DOM Singapore&rsquo s RTO was similar to that of Binex Singapore.&rdquo Ultimately, the objectives for 3DOM and Binex is to &ldquo quickly access the Sin­ gapore market and raise funds from the market, as well as to increase the companies&rsquo presence in Singapore and Southeast Asia.&rdquo
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WBdisciple Elite	22-Feb-2022 16:50        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	Alarms bells all the way...... WBdisciple      ( Date: 16-Feb-2022 09:24) Posted: Will EY concur with the S$2 billion valuation where there is NO REVENUE recorded for FY2021?? Why would Sinjia think that this target is worth S$2 billion??  to me...this is another highlight of CEO Jeff Cheong' s " amazing" business acumen. Look at HGH...once the deal is off, shareholders will be left in the lurch...we have seen too much of Jeff Cheong' s deals in the past...will this be the different?? Pls do your own DD...
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MakeChanges Elite	22-Feb-2022 16:40        MakeChanges About Contact  Quote this Post! Style: Flexible   Mood: Yells: "No price is too low for a bear or too high for a bull"
x 0   x 0  Alert Admin	I think sinjia will be the next to collapse during Russia and Ukraine tension. better sell off...
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fundamentalhero Veteran	22-Feb-2022 14:09        fundamentalhero About Contact  Quote this Post! Style: Fundamental   Yells: "I NEED HONEYS AND MONIES"
x 0   x 0  Alert Admin	high chance as mentioned uplorry ki chia already. got chasen af global halycon international cement moya asian healthcare don' t invest but buy trash like this v2y. soon others to follow. can hear funeral procession soon
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fundamentalhero Veteran	21-Feb-2022 19:37        fundamentalhero About Contact  Quote this Post! Style: Fundamental   Yells: "I NEED HONEYS AND MONIES"
x 0   x 0  Alert Admin	all these bagholders... very poor thing. stop with these lousy pennies. got good ones that yoy up rev and profit steady earn don' t want. go for these pump dump counter. hai si lang, no fundamentals will always back to earth always.
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MakeChanges Elite	21-Feb-2022 08:17        MakeChanges About Contact  Quote this Post! Style: Flexible   Mood: Yells: "No price is too low for a bear or too high for a bull"
x 0   x 0  Alert Admin	CORRIGENDUM AND CLARIFICATION TO THE ANNOUNCEMENT DATED 05 FEBRUARY 2022 IN RELATION TO THE RESPONSE TO SGX-ST QUERIES ON THE PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF BINEX SINGAPORE (PTE. LTD.) The Board of Directors (the ' Board' or ' Directors' ) of Sinjia Land Limited (the ' Company' , and together with its subsidiaries, the ' Group' ), refers to the Announcement and wishes to clarify the following statements: QUERY 1 (a) - Who is the IQV and who will be appointing the IQV? (the change made is in bold) The Company is in the process of engaging EY Corporate Advisors Pte. Ltd. as an independent qualified valuer (' IQV' ) for the Proposed Acquisition and the engaging process evaluation is yet to be finalized. This is to ensure consistency with the response in query 1 (b) where the Company indicate ' Notwithstanding the independent qualified valuer&rsquo s involvement in respect of BINEX, for the purpose of this RTO, EY Corporate Advisors Pte. Ltd. (' EY' ) will be appointed' The following statement as announced should amend as below: ' IQV is EY Corporate Advisors Pte. Ltd., to be appointed by the Company.' QUERY 1 (b) - The Target was only incorporated on 9 September 2021 and has not recorded any revenue. Based on the ' pro forma unaudited financial statements' for the financial period, the Target had a net asset value of S$900,007.50 as at 31 December 2021. What did the Board consider in arriving at an indicative valuation of S$2 billion? ' The S$2 billion figure is a minimum consideration which the Target hopes to attain, based on a preliminary valuation carried out by an independent qualified valuer in July 2021. The independent qualified valuer' s valuation was derived using the discounted cash flow method with data provided by BINEX, along with the present value of the terminal value, based on the exit multiple method. Crucially, it should be noted that the valuation of the Target was calculated to be in the range of approximately US$2.515 billion to US$3.148 billion. Notwithstanding the independent qualified valuer&rsquo s involvement in respect of BINEX, for the purpose of this RTO, EY Corporate Advisors Pte. Ltd. (' EY' ) will be appointed as the independent qualified valuer to determine the value of the Target for the Proposed Acquisition, and as such, EY' s valuation report will be more relevant and take precedence over the earlier independent qualified valuer&rsquo s preliminary report. This is provided for in the Amended and Restated SPA, as the consideration may be adjusted based on the Actual Valuation determined by EY. Based on initial estimates, the valuation process to be carried out by EY will take approximately 12 weeks and will be extensive in scope, covering the commercial and business viability, industry competitiveness, and technological and cost effectiveness of the Target' s business as currently carried out. The earnings assumptions provided by the Target will also be extensively evaluated.
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henrymilton Master	18-Feb-2022 14:00        henrymilton About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes indeed
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easywin Supreme	16-Feb-2022 16:59        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Many kena play out.
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