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Ying Li Intl
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capitaland maybe interested in YINGLI
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shadow
Veteran |
28-Nov-2017 17:53
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If the disposal illustrated a whopping NTA increased by 13.44 cents rmb equivalent to sing 2.75 cts per shares in value,  the share price should have positive  upward effect, but it does not move at all.  Many info still need to be digested and open to scrutiny. SGX should question them .... ... the Company has sought a waiver from the SGX-ST of the requirement for Shareholders&rsquo approval to be obtained for the Proposed Transaction RATIONALE FOR AND BENEFITS OF THE PROPOSED DISPOSAL The Proposed Transaction provides an opportunity for the Company to realise the capital value of the Project, which will expedite the capital recycling process and enable the Group to pursue new ventures and investment opportunities in Tier 1 and fast-growing Tier 2 cities in the PRC. The Proposed Transaction would also strengthen the financial position of the Group and allow the Group to redeploy its capital to other fast turnaround projects with a shorter completion cycle. Accordingly, the Board believes that the Proposed Transaction is in the best interests of the Company and the Shareholders, having regard to the terms of the Proposed Transaction, and market conditions in the property industry in the PRC.    |
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shadow
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28-Nov-2017 17:32
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If that is a good deal by YL to dispose the asset , why market is dumping huge selling pressure? Perhaps some financial experts may think is a ' crap' deal need a post mortem review. Any analyst report & comment so far?   |
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investor7
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28-Nov-2017 17:16
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China everbright might as well just buy over YL and save us all the hassles.  | ||||
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investor7
Senior |
28-Nov-2017 17:14
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Today met a lot of selling pressure. Closed at 15.2ct, 2ct above the last closing price 15ct b4 TH.    | ||||
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cowabunga
Veteran |
28-Nov-2017 13:52
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Pump and dump.   Investors shouldn' t be surprised at such antics anymore. | ||||
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investor7
Senior |
28-Nov-2017 10:32
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Before this disposal, YL old book value is 39.23ct. Today' s price 15.9ct is undervalued, given that YL' s financial position and strategic direction hv improved. Many people hv also overlooked the potential of chongqing as a strategic business hub in China' s push for the One Belt One Road program. With China Everbright' s backing, YL shd grow and seek out new opportunities.    | ||||
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investor7
Senior |
28-Nov-2017 10:17
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I hope SGX will grant the waiver. This disposal of a huge almost completed building will improve value for the shareholders who hv been trapped, the sale is paid in cash, and the debt is absorbed by buyer, and thus strengthening YL' s financial position. With this load taken off their backs, the mgmt' s strategic direction going forward, is to work on smaller projects in tier 1 & 2 cities with shorter lead time to completion. That is strategic, instead of mega projects that incurr huge debt and many long years to complete. Hope mgmt will give out a special dividend, that' ll b the icing on the cake.  | ||||
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sbscap
Master |
28-Nov-2017 09:59
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" Observers" - very well said. The smartest thing I' ve heard in this forum for a while. A thumb' s up from me.
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Observers
Elite |
28-Nov-2017 09:50
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That' s because YZJ Chairman don' t listen to shareholders and continue to do HTM products yielding brickloads of profits, sometimes even exceeding the profits from its shipyards. And it is this strength of its balance sheet that gives clients the confidence, amidst collapsing/bankrupting shipyards around the world, in YZJ and continue to increase their orderbooks.
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Observers
Elite |
28-Nov-2017 09:42
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Maybe they got another big project joint venture with China Everbright comming up so need to chop chop conclude the deal and recycle the capital?
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sbscap
Master |
28-Nov-2017 09:40
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Honestly, I' m thinking of selling all my YL share too. Afterall, I bought at 15.2c a week before suspension. Better than my 2.5% CPF return. For as long as YL remains listed in this hopeless market, it shall remain hopeless, sad, unloved, whatever. So, YL could be dead money. But it is my CPF money which I can' t take out till a fews later. The sale frees up a lot of capital for YL.  Although the gain on disposal is small, the company is selling at a huge discount to book. China Everbright is a reputable institution although I can' t understand why it is not taking YL private. Of all the S-chips that went bust, very few are property companies. Chinese gov' t is quite serious with property investments. The economy and the pockets of many depend on this sector. China Yuanbang, PanHong, Weiye may look like dogs but they are relatively much better than the average S-chip. I know some of you may be laughing at me or disagree with me. Doesn' t matter. Your money, your opinion, my money, my opinion.   |
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sbscap
Master |
28-Nov-2017 09:13
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Can you go through the announcements instead of firing rockets at the company all over? Sell or short the stock if you don' t like. The proceeds less loans and maybe some property taxes resulted in a net gain, which is a lot less than book value.
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guards80
Supreme |
28-Nov-2017 09:03
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dont look good sell off my at 162 run liaox | ||||
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shadow
Veteran |
28-Nov-2017 08:48
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Use to be Singbridge as their SSH, later change to Everbright group.  Maybe that' s why Singbridge sold & left because of they way of their management handling issues , not clear type!
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shadow
Veteran |
28-Nov-2017 08:44
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Yes why not seek shareholders approval, why need to waive approval? I started to cast doubts on their management way of handling issues.  
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edwinjup
Supreme |
28-Nov-2017 08:43
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Dont rush to sell...wait.. | ||||
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brchkho1
Master |
28-Nov-2017 08:36
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In this announcement, YL is also seeking approval for waiver of shareholders approval, why? Don' t you think the shareholders are entiled to asking questions about the deal?  
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brchkho1
Master |
28-Nov-2017 08:33
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All the times, the reply to the dividend payment is always complicated " tax" issues in PRC. Strangely, Yanlord has no issue. Wondering if the YL can consider capital distribution instead.
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shadow
Veteran |
28-Nov-2017 08:31
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After getting the monies, year end financial statement again say need more capital for expansion, repay loan all the nonsense, then what about the shareholders interest? Keeps saying creating more values for shareholders &   do not put shareholders interest in mind can forget about investing in them. All the ' beautiful' sweet talks nobody interested to hear , " show me the money" !! So far only YZJ management are more clear &   can consistently give dividends over the years & seeing assets appreciation in stock price.    |
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shadow
Veteran |
28-Nov-2017 08:21
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fully agreed. " show me the money" ! The fact that they are many ways of ' creative' book accounting so complicated that we never understand where the money. Why only S$70m / rmb 343m gain on disposal ? Shouldn' t it be S$394m ? Any financial expert can enlighten ?   The net proceeds from the Proposed Transaction, after deducting all costs and expenses, are estimated to be approximately RMB3,285 million (equivalent to approximately S$672 million). Based on the latest announced unaudited consolidated financial statements of the Group for the nine months ended 30 September 2017, the book value of the Target Company was RMB1,359 million (equivalent to approximately S$278million). For illustrative purposes only, assuming the Proposed Transaction was completed on 30 September 2017, the gain on disposal for the Group would have been approximately RMB343 million (equivalent to approximately S$70 million).    |
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