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KTL Global
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Barcalo
Master |
11-Aug-2021 23:10
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Good news!!!! Cheong!
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spursfan
Supreme |
11-Aug-2021 22:52
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multiple deals for ktl Press Release KTL Global Ventures Into Lab-Grown Diamonds with Strategic Collaboration Agreement https://links.sgx.com/1.0.0/corporate-announcements/OOLQVDUEVHIEUME9/678297_20210811_KTL_DiamondX_PR.pdf KTL Global Secures a 3-Year Supply Agreement with an Established Aquaculture Producer in China Targeting to Import 120 Containers of Fish and Seafood Annually for Distribution and Sales in Singapore https://links.sgx.com/1.0.0/corporate-announcements/409I0A5CHA7F4F69/678295_20210811_KTL_QuanYing_PR.pdf |
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Joelton
Supreme |
07-Aug-2021 12:11
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KTL Global Enters into Strategic Partnership for the Supply of Fresh Produce and to Undertake Urban Farming Initiatives in Singapore
&bull Strategic partner is a subsidiary of Shandong-based Shuifa Group that has an established operating track record in modern agricultural activities with farming and production facilities in 17 locations, mainly in the north-eastern part of China
&bull Leveraging on KTL&rsquo s supply chain network and sales channels in Singapore, Shuifa Group&rsquo s subsidiary will supply the fresh produce from its farms for sale and distribution in Singapore
&bull Combining their technical expertise and core business strengths, both companies aim to undertake urban farming initiatives in Singapore
Singapore, 6 August 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 signed a strategic partnership agreement with a subsidiary of 水 发 集 团 有 限 公 司 (" Shuifa Group" ) for the supply of fresh produce and to undertake urban farming initiatives in Singapore.
Shandong-based Shuifa Group is an industrial conglomerate with a diversified business presence in water treatment, environmental protection, modern agricultural and clean energy.
Under its modern agricultural business segment, Shuifa Group adopts an eco-friendly and innovative approach that is integrated with high-tech and automated work processes within its farms, thereby improving the production yield, quality and food safety of its agricultural products. Currently, Shuifa Group has farming and production facilities in 17 locations, mainly in the north-eastern part of China.
For more information on Shuifa Group, please visit: http://sdsf.com.cn
Under the strategic partnership agreement, there are two key areas of focus between both companies. Firstly, Shuifa Group&rsquo s subsidiary will supply fresh produce from its farms to Tianci Agritech, who will then utilise its established supply chain network and sales channels for sales and distribution in Singapore. Secondly, both companies will combine their technical expertise and core business strengths to undertake urban farming initiatives in Singapore. The urban farming will complement the Singapore' s initiative to have 30% of the food supply to be produced domestically by year 2030.
Since identifying the business opportunities that are driven by the rising food demand and consumption trends in Singapore, the Group has made major strides in its business model to create new value propositions in this market segment.
Mr Chin Teck Oon, Executive Director of KTL, said: &ldquo In addition to expanding our range of fresh produce to market and distribute in Singapore, we have taken an important step to move upstream with urban farming initiatives so as to create better linkages between urban food systems.
Our strategic partnership with Shuifa Group reinforces our commitment to the Singapore market and we look forward to potentially enhance our food supply resilience with our planned initiatives.&rdquo
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spursfan
Supreme |
06-Aug-2021 21:16
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PRESS RELEASE KTL Global Enters into Strategic Partnership for the Supply of Fresh Produce and to Undertake Urban Farming Initiatives in Singapore &bull Strategic partner is a subsidiary of Shandong-based Shuifa Group that has an established operating track record in modern agricultural activities with farming and production facilities in 17 locations, mainly in the north-eastern part of China &bull Leveraging on KTL&rsquo s supply chain network and sales channels in Singapore, Shuifa Group&rsquo s subsidiary will supply the fresh produce from its farms for sale and distribution in Singapore &bull Combining their technical expertise and core business strengths, both companies aim to undertake urban farming initiatives in Singapore Singapore, 6 August 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 signed a strategic partnership agreement with a subsidiary of 水 发 集 团 有 限 公 司 (" Shuifa Group" ) for the supply of fresh produce and to undertake urban farming initiatives in Singapore. Shandong-based Shuifa Group is an industrial conglomerate with a diversified business presence in water treatment, environmental protection, modern agricultural and clean energy https://links.sgx.com/1.0.0/corporate-announcements/XW7DOXS4JK6MUOVS/677782_20210806_KTL_Shuifa_PR.pdf |
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For_The_Next_Leg
Master |
05-Aug-2021 10:01
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$KTL Global^(EB7.SI) Another step forward!
KTL Global Appointed as Exclusive Distributor of Tai Xiang Group&rsquo s Food Products in Singapore.
The website below seem to be the website of Tai Xiang Group and showcase the stuff they sell.
http://www.taixiangfood.com/en/salesshow/class/
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spursfan
Supreme |
05-Aug-2021 06:33
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PRESS RELEASE KTL Global Appointed as Exclusive Distributor of Tai Xiang Group&rsquo s Food Products in Singapore &bull Shandong-based Tai Xiang Group (泰 祥 集 团 ) is one of the leading F& B manufacturers in China with its own brand portfolio and an extensive range of consumer food products &bull This exclusive distribution agreement will augment its business strategy targeted at the fresh produce and consumer market Singapore, 4 August 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 been appointed as the exclusive distributor of Tai Xiang Group&rsquo s (泰 祥 集 团 ) food products in Singapore. https://links.sgx.com/1.0.0/corporate-announcements/5O74PCE4Q2PAPMLB/677372_20210804_KTL_TaiXiang_PR_.pdf BUSINESS UPDATE &ndash EXCLUSIVE AGENCY AGREEMENT WITH RONGCHENG The Board of Directors (the &ldquo Board&rdquo ) of KTL Global Limited (the &ldquo Company&rdquo , together with the subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company&rsquo s wholly owned subsidiary, Tianci Agritech Pte. Limited (&ldquo Tianci Agritech&rdquo ) has on 3 August 2021, entered into an exclusive agency agreement (the &ldquo Agreement&rdquo ) with 荣 成 皇 朝 马 汉 外 贸 综 合 服 务 有 限 公 司 , unofficially translated as &ldquo Rongcheng Dynasty Mahan Foreign Trade Comprehensive Service Co., Ltd.&rdquo (&ldquo Rongcheng&rdquo ). Pursuant to the Agreement, Rongcheng grants Tianci Agritech the exclusive agency right to distribute Tai Xiang brand (泰 祥 品 牌 ) products that meet the import standards of Singapore. https://links.sgx.com/1.0.0/corporate-announcements/8OARLIJ06BHGEF8L/677368_20210804_Business%20Update_exclusive_distribution_Rongcheng.pdf |
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For_The_Next_Leg
Master |
02-Aug-2021 14:34
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$KTL Global^(EB7.SI)
Just some thoughts especially when I am on QO and the importance of ecommerce business.
Going into ecommerce with EBUY.
Getting a building for supply chain.
Getting imported goods from China.
I feel this is definitely a good progress especially now that there are more QO coming. There is definitely a need for such businesses.
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Joelton
Supreme |
30-Jul-2021 09:04
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KTL Global Signs Exclusive Distribution and Procurement Agreement with Shandong-based Exporter to Import Fresh Fruits and Produce into Singapore
Singapore, 29 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 entered into an exclusive distribution and procurement agreement with Shandong-based 济 宁 富 源 果 菜 有 限 公 司 (&ldquo Jining Fu Yuan&rdquo ) to import fresh fruits and produce into Singapore.
Established in 2005, Jining Fu Yuan specialises on the export of fresh fruits and produce and its overseas markets include Europe, the Middle East, Asia, Africa, among others. China is the largest producer of garlic in the world.
Jining Fu Yuan exports a wide range of fresh fruits and produce and its key products are garlic, ginger, corn, chestnut, red grape, tangerine, apple, lemon.
Under the agreement, Tianci Agritech will have exclusive rights to procure, market and distribute Jining Fu Yuan&rsquo s products in Singapore. The first shipment of fresh produce from Jining Fu Yuan is expected to arrive in Singapore by the end of July 2021.
Since identifying the business opportunities that are driven by the rising food demand and consumption trends in Singapore, the Group has made major strides in its business model to create new value propositions in this market segment.
Mr Chin Teck Oon, Executive Director of KTL, said: &ldquo Singapore imports over 90% of the food consumed domestically, hence we see strong potential to offer more food supplies from various overseas sources and present cheaper alternatives.
Leveraging on our networks in Asia&rsquo s fresh produce and consumer good markets, we aim to better serve local wholesalers, retailers, and F& B establishments with our growing product range.&rdquo
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Joelton
Supreme |
30-Jul-2021 09:03
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From rigging to fruits: KTL Global shareholder Tan, wife load up
Tan Kim Tjio, a substantial shareholder of KTL Global, has been adding to his stake in the company with open purchases. Tan, alias Tan Kim Chow, on July 13 acquired 3.5 million shares for 11.3 cents each.
On the same day, his wife Choo Lai Ling acquired 2.79 million shares for 11.5 cents each. According to a July 21 filing, Tan acquired another 1.29 million shares or 10.5 cents each. With that, he now holds a direct stake of 14.7 million shares or 4.66%. Together with a deemed stake of 2.72% held by Choo, Tan&rsquo s total stake is 23.3 million shares or 7.38%.
There has been a series of activities within KTL Global, which used to trade rigging equipment that was later sold off. It now describes itself as a &ldquo branding, operation and procurement services&rdquo provider.
On July 15, the company announced it is raising some $3.1 million by placing out 30 million new shares at 10.3 cents to a group of investors that does not include Tan. At 10.3 cents, the placement shares are priced at a 9.9% discount off the volume weighted average price of 11.43 cents last traded before the announcement. According to KTL Global, Tan&rsquo s stake of 7.38% will be slightly whittled down to 6.74% upon completion of the placement.
KTL Global plans to use the proceeds to expand into a new business of trading food supplies. On July 12, it announced a plan to buy 51% of EBUY, an e-commerce platform focusing on selling fresh produce in Singapore to food service providers, retailers, restaurants and hotels.
In June, KTL completed the acquisition of vegetable and fruits supplier Tianci Agritech for $0.2 million. The products are sourced from China. &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,&rdquo says Chin Teck Oon, KTL&rsquo s executive director.
&ldquo The proposed share placement provides 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 he adds.
For the three months ended March 31 2021, the company reported losses of $335,000 versus earnings of $88,000 a year earlier. During the period, the company did not generate any revenue as the original business had been sold.
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Joelton
Supreme |
28-Jul-2021 09:17
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KTL Global to acquire Tuas industrial property for S$6m as it expands into distribution
KTL Global has entered into a non-binding memorandum of understanding with Warehouse Logistics Net Asia to acquire an industrial property at Tuas for S$6 million as the company diversifies into the distribution business.
The property is currently being leased by Singapore e-commerce platform Ebuy, a distributor of fresh produce in Singapore that KTL is acquiring 51 per cent of.
The industrial property has a remaining lease of seven years. KTL intends to submit a request to JTC Corporation for a lease extension. It plans to invest in new material and storage facilities to manage and distribute a larger volume of fresh produce and consumer goods in Singapore.
Ebuy distributes fresh produce to food service providers, retailers, restaurants and hotels. With its fulfilment centre, it has built up its own logistics supply chain network with a fleet of delivery vehicles, KTL said.
The group' s executive director Chin Teck Oon said the property acquisition will provide a strong foundation to build a highly efficient supply chain for KTL' s fresh produce and consumer goods business activities.
" This will enable us to better serve a larger customer base with a wider range of consumer products that we aim to import, market and distribute in Singapore," he added.
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PhillipTan
Supreme |
28-Jul-2021 02:40
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KTL Global to acquire Tuas industrial property for S$6m as it expands into distributionKTL Global has entered into a non-binding memorandum of understanding with Warehouse Logistics Net Asia to acquire an industrial property at Tuas for S$6 million as the company diversifies into the distribution business.The property is currently being leased by Singapore e-commerce platform Ebuy, a distributor of fresh produce in Singapore that KTL is acquiring 51 per cent of. The industrial property has a remaining lease of seven years. KTL intends to submit a request to JTC Corporation for a lease extension. It plans to invest in new material and storage facilities to manage and distribute a larger volume of fresh produce and consumer goods in Singapore. Ebuy distributes fresh produce to food service providers, retailers, restaurants and hotels. With its fulfilment centre, it has built up its own logistics supply chain network with a fleet of delivery vehicles, KTL said. The group' s executive director Chin Teck Oon said the property acquisition will provide a strong foundation to build a highly efficient supply chain for KTL' s fresh produce and consumer goods business activities. " This will enable us to better serve a larger customer base with a wider range of consumer products that we aim to import, market and distribute in Singapore," he added. |
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easywin
Supreme |
27-Jul-2021 17:09
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Wonderful, Charging home and never look back and tomorrow continue. | ||
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spursfan
Supreme |
27-Jul-2021 16:40
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very strong performance today . ceo resignation no effect at all | ||
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PhillipTan
Supreme |
27-Jul-2021 09:08
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KTL Global' s CEO resignsKTL Global' s CEO Liu Changsheng has tendered his resignation as the company' s executive director and CEO on the evening of July 26.His last day with the company will be on July 31. According to the SGX filing put out by the company, Liu' s resignation comes following the company' s new business direction, which will focus on Singapore and Southeast Asia moving forward. His resignation also comes as Liu seeks to spend more time with his family. Liu' s notice period has been shortened as he has to attend to his family' s needs urgently due to the floods in China. The board says it is currently looking for Liu' s replacement. In the interim, the management team will be led by Chin Teck Oon, an executive director of the company. Shares in KTL Global closed 0.4 cent higher or 3.8% up at 10.9 cents on July 26. |
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spursfan
Supreme |
26-Jul-2021 13:19
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where are ktl supporters?. very quiet here. ktl perforiming well today on decent vol. | ||
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WBdisciple
Elite |
24-Jul-2021 06:35
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More companies following KTL' s lead..
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LZLOmega
Veteran |
22-Jul-2021 09:33
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why is todays volume so small?
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WBdisciple
Elite |
22-Jul-2021 08:51
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Good to see more shareholders increasing their stake, means they see the potential in KTL. I went to NTUC with wife yesterday and i think almost half of the veg there are from China. As consumers, we want cheap and good...we have no other choice but to increase our supply sources from overseas. KTL new business is in the right direction...once their products is in Singapore, sales can start... pls do your own DD... |
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spursfan
Supreme |
22-Jul-2021 08:36
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ssh bought 1.28 mil share from open market at 10.5cts https://links.sgx.com/1.0.0/corporate-announcements/NFM5BC1OK051TF0X/675435__eFORM3V2%20-%20Tan%20Kim%20Tjio_Tan%20Kim%20Chow210721.pdf |
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LZLOmega
Veteran |
21-Jul-2021 14:51
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Can someone please push this? Due to market tightening restrictions and closure, we would expect KYL global to benefit as the purchase of E Commerce consumer produce will continue to grow. |
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