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PLACMENT 12.5CENTS NAV 7.7cents takeover offer?
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SmallSmall
Supreme |
31-Aug-2022 10:34
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Moving ... hope they can dispose their land in China :) | ||||
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tankoksee
Supreme |
30-Aug-2022 16:53
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avoid...
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tankoksee
Supreme |
30-Aug-2022 16:52
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SmallSmall
Supreme |
30-Aug-2022 08:54
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Loss is already expected but the good part is they own the land that is worth S$20 mil and they are looking into selling it.
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superstartup
Supreme |
30-Aug-2022 08:48
Yells: "Enjoy doing Fundamental Research" |
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Report huge loss. Latest NAV 0.52c. (versus last 5.82c) |
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SmallSmall
Supreme |
30-Aug-2022 08:39
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UPDATE ON DEVELOPMENTS OF THE GROUP IN THE PEOPLE&rsquo S REPUBLIC OF CHINA Unless otherwise defined, capitalised terms used herein shall bear the same meaning as ascribed to them in the Announcements (as defined below). The Board of Directors (the &ldquo Board&rdquo ) of Imperium Crown Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to the announcements released by the Company on 27 June 2022 in relation to the withdrawal of operating rights of the Wonder Stone Park and the responses released on 30 June 2022 and 22 July 2022 in response to the queries raised by the Singapore Exchange Regulation (the &ldquo Announcements&rdquo ). The Company would like to provide an update on the developments of the Group&rsquo s operations in the People&rsquo s Republic of China (the &ldquo PRC&rdquo ). Subsequent to the withdrawal of operating rights of the Wonder Stone Park (the &ldquo WSP&rdquo ), the Company had been in discussions with the local government on its future plans for the WSP. The local government has since initiated discussions to acquire the Group&rsquo s property portfolio in the PRC, comprising the Wonder Stone Park Hotel (the &ldquo WSP Hotel&rdquo ) (including the land on which the WSP Hotel sits on and owned by the Group), as well as the 2 plots of land situated within the WSP previously acquired by the Group for the purpose of property development (the &ldquo 2 Plots of Land&rdquo , together with the WSP Hotel, the &ldquo China Property Portfolio&rdquo ). As of 30 June 2022, the carrying amount of the China Property Portfolio is S$20,733,000. For further information on the Group&rsquo s PRC operations, please refer to the unaudited condensed financial statements for the second half and full year ended 30 June 2022, including the segmented revenue and results for operating segments, to be released by the Company today, 29 August 2022. In the event that an offer is made by the local government for the acquisition of the China Property Portfolio, the Group will consider the terms of the offer, taking into account, amongst others, the offer price, the existing and future operations of the WSP Hotel and the existing and future development of the Hongyun Lake Project (which is being developed on one plot of the 2 Plots of Land, albeit temporarily halted due to COVID-19). For the avoidance of doubt, should the relevant figures of Rule 1006 of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist (the " Catalist Rules" ) exceed the specified thresholds of Catalist Rule 1014 (Major Transactions), the sale of the China Property Portfolio will be made conditional on the Group obtaining the approval of shareholders at a general meeting where a circular to shareholders of the Company (containing, inter alia, the relevant details of such sale and a valuation report as commissioned by the Company and performed by an independent valuer that meets the requirements of existing regulatory rules, including the Catalist Rules, as well as any other regulatory approvals) shall be provided to the shareholders prior to such general meeting. The Company is currently considering other opportunities for growth and continues to evaluate its options (including in the PRC). The Company will keep its shareholders updated and will release an announcement should any material development arise in relation to the above. |
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Volmax
Elite |
30-Aug-2022 08:29
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Rubbish S-Cheat, 96m operating rights written off just like that! Loss per share -5.31 cents. Going to be 0.001 soon! |
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Volmax
Elite |
22-Aug-2022 14:12
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Burst of China' s property bubble and collapse of the banking system spelt disaster for this company. Tourism linked properties have no market value now as investors shunned properties like plague. There is no light at the end of the tunnel, only darkness! 
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SmallSmall
Supreme |
22-Aug-2022 13:36
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NAV $0.0565. Although their tourism business has been chopped off in China, they still owns the 2 plots of land. Hence the high NAV |
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Alvin2042
Master |
18-Jul-2022 08:37
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Beyond hopeless....now virtually bankrupt with the write-off
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MakeChanges
Elite |
18-Jul-2022 08:32
Yells: "No price is too low for a bear or too high for a bull" |
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hopeless company | ||||
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Volmax
Elite |
17-Jul-2022 21:37
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Sold off this clown at heavy loss after company happy happy announced S$100m plus of operating rights to be written off. Aviod all S-Chips at all cost!
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investshare
Supreme |
16-Jul-2022 09:16
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Joker company | ||||
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Joelton
Supreme |
28-Jun-2022 10:50
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Imperium Crown proposes to acquire 51% stake in interior design & construction company for $51,000
Catalist-listed Imperium Crown has proposed to acquire a 51% stake in Winco Construct & Decor, an interior design and construction company, for a consideration of $51,000.
The company had entered into a conditional sale and purchase agreement (SPA) to acquire 51% of the shareholding interest in the issued share capital of a new company, which will be incorporated from the conversion of Winco Construct & Decor, a sole proprietorship, on June 27.
The transaction is a non-disclosable one under the Catalist rules as the relative figures do not exceed 5%.
The acquisition is said to be in line with Imperium Crown&rsquo s strategy to &ldquo participate in growth opportunities in the real estate sector with experienced and trusted partners in various markets&rdquo .
The consideration, which will be paid in cash, is a premium in excess of the net book value of $48,000 of Winco Construct & Decor based on its unaudited management accounts as at Dec 31, 2021.
The consideration will be funded by internal resources.
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MakeChanges
Elite |
28-Jun-2022 08:29
Yells: "No price is too low for a bear or too high for a bull" |
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PROPOSED ACQUISITION OF 51% OF THE SHARES OF AN INTERIOR DESIGN AND RENOVATION COMPANY IN SINGAPORE &ndash EXECUTION OF SPA |
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spursfan
Supreme |
27-Jun-2022 17:44
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1. WITHDRAWAL OF OPERATING RIGHTS OF THE WONDER STONE PARK https://links.sgx.com/1.0.0/corporate-announcements/WO3S0F53GHZXF6QK/721839_ICL%20-%20General%20Annt%20-%20Withdrawal%20of%20operating%20rights%20-%20Final.pdf 2. PROPOSED ACQUISITION OF 51% OF THE SHARES OF AN INTERIOR DESIGN AND RENOVATION COMPANY IN SINGAPORE &ndash EXECUTION OF SPA https://links.sgx.com/1.0.0/corporate-announcements/WOJ0JHORBO25UD7H/721841_ICL%20-%20Proposed%20acquisition%20of%20the%20shares%20in%20Winco.pdf and halt lifted. |
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Volmax
Elite |
24-Jun-2022 22:14
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Second day of trading halt, takeover on the card? | ||||
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Volmax
Elite |
13-Jun-2022 18:58
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There is no revernue generating unit in Singapore, best to keep expenses in check and minimumly.. Btw, they recently updated they corporate wedsite. Though most content remain the same, but buttons are functioning and news are up to date. https://www.imperium-crown.com/
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Volmax
Elite |
13-Jun-2022 17:03
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Extract from AR2021 " We have also commenced the development of the Hongyun Lake Project subsequent to FY2021 within the Wonder Stone Park (the &ldquo WSP&rdquo ) on its plot of land previously acquired. With a land area of 13,409 square metres, the commercial project will comprise retail and food and beverage outlets and will have a built-up area of approximately 20,822 square metres with 13 x 3-storey blocks to be developed over the next 3 years." " On the proposed development and operation of an &ldquo ESCAPE&rdquo theme park, there have been delays due to the re-emergence of COVID-19 in the PRC. Discussions with the PRC regulatory authorities continue to be underway." Extract from HY2022 " As at 31 December 2021 and 30 June 2021, there were no borrowings or debt securities in issue. Mr Sun Bowen, our Executive Chairman, through companies related to him, has extended interest-free RMB-denominated advances amounting to S$13.908 million (30 June 2021: S$13.741 million) to the Group for working capital purposes. The amount at risk of the interest-free advances is zero." With the gradual return to normacy after Covid-19, prospect are looking good. |
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guiren
Veteran |
13-Jun-2022 15:06
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Be careful, no one in the office ,, not even a single staff in Sin ,,
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