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Latest Forum Topics / Figtree    Last:0.028 --  Post Reply
Figtree
Tirordinary
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18-Mar-2025 13:03     
 
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 Alert Admin 		One of the lousiest performing construction company.
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Joelton
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23-Jul-2024 09:29     
 
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Figtree Holdings associated company misses loan repayment, receives claim for RMB30.5 mil
A 20%-owned associated company of Catalist-listed commercial and industrial real estate solutions company Figtree Holdings 5F4 0.00% has received a hearing notice from the mainland Chinese courts for missing loan repayments. 
 
According to a July 22 bourse filing, Vibrant Pucheng Logistics (Chongqing) had failed to make repayment to Shanghai Pudong Development Bank in accordance with loan agreements. The bank is now claiming against Vibrant Pucheng for an aggregate amount of RMB30.5 million ($5.63 million). 
 
Figtree Developments, a wholly-owned subsidiary of the Singapore-listed company, together with other shareholders of Vibrant Pucheng, had extended corporate guarantees in favour of Shanghai Pudong Development Bank to secure such loan facilities at their inception.
 
The claim includes a principal amount of some RMB29 million interest amounting to RMB1.3 million, calculated up to Aug 15, 2023 and fees, including court fees, amounting to some RMB195,571. 
 
The loan facilities were subsequently novated by Shanghai Pudong Development Bank to China CITIC Financial Asset Management, and the latter took over the legal proceedings commenced against Vibrant Pucheng.
 
According to the filing, Vibrant Pucheng is currently seeking legal advice on the matter from its Chinese legal advisors. 
 
Figtree Holdings does not expect the legal proceedings to have a material impact on the Group for the financial year ending Dec 31, in view of the latest valuation conducted on Oct 24, 2023 by a China court appointed valuer on the property owned by Vibrant Pucheng. The valuation of the property amounted to RMB407.4 million.
 
The company says it will make further announcements to update its shareholders when there are any further material updates.
 
Founded in 2009, Figtree Holdings typically acts as the main contractor for its projects in Singapore, covering new construction, addition and alteration works on existing buildings as well as refurbishment and upgrading of existing buildings. In China and Malaysia, the group provides design, project and construction management consulting services.
 
Figtree was listed on SGX Catalist on Nov 11, 2013. 
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PhillipTan
Supreme
09-Sep-2021 13:29     
 
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Figtree associate company invests in data centre operator

Real estate solutions provider Figtree Holdings has, through its 27%-owned associate company DC Alliance (DCA) subscribed to 138.9 million shares in DXN, a manufacturer and operator of modular data centres, for A$1.25 million ($1.23 million).

DXN, an Australian Stock Exchange (ASX)-listed company, has data centres in Sydney, Darwin and Tasmania.

The subscription was made via a placement exercise, with DCA as a lead investor. The subscription shall be satisfied by DCA using internally generated funds. The subscription price 0.9 Australian cents represents a 16% discount to DXN' s 30-day volume weighted average share price (VWAP) as at Sept 6.

DCA will also have the option, subject to approval in DXN' s upcoming general meeting as well as approval of the Foreign Investment Review Board in Australia, to subscribe for a second tranche of placement shares at a value of A$1.25 million by Dec 15.

The placement price will be at a 20% premium to the 10-day VWAP, subject to a maximum price of 1.5 Australian cents.

In addition to the placement, DCA and DXN are working towards an agreement to establish a strategic alliance to cross sell the Australian data centre assets. It is currently intended that this agreement will address the two companies working together to market and sell data centre services, colocation racks, and connectivity across the two data centres located in Perth and Sydney. 

DCA and DXN plan to share sales and market insights to develop a joint customer value proposition for colocation sales and establish a common set of products between DCA and DXN, which will enhance the experience for current and potential clients. Subject to signing a binding agreement with DXN, the enlarged data centre network would result in stronger Australia wide edge coverage, and firmly establish the duo in the industry. 

DCA and DXN would also jointly explore expanding into other geographical markets. 

" This subscription investment and the strategic alliance between DCA and DXN are exciting steps forward since we acquired a strategic stake in DCA last September. We are happy to support them as the demand for data centres continue to be healthy from rising cloud adoption, demand for smart devices and wireless networking technologies," says Danny Siaw, managing director of Figtree.

The subscription and the placement, in the event the option is exercised, are not expected to have a material impact on the earnings per share and net asset value per share of the group for the current financial year ending Dec 31.

Shares in Figtree closed flat at 6.1 cents on Sept 8.
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SmallSmall
Supreme
28-May-2021 14:57     
 
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 Alert Admin 		Lai liao..... If can clear $0.08 would be day high again..

SmallSmall      ( Date: 28-May-2021 09:13) Posted:

Figtree wins S$13.6 million design & build contract for an industrial facility in Changshu, China

This one NAV $0.1381. 24% owned by Vibrant. 
Let see if it can fly higher later. If enough shorts, $0.08 - $0.085 should not be a problem

SINGAPORE, 27 May 2021 &ndash Catalist-listed Figtree Holdings Limited (&ldquo Figtree&rdquo or &ldquo the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ), a provider of commercial and industrial real estate solutions, has been awarded a RMB 65.0 million (approximately S$13.6 million) contract to design and build (&ldquo D& B&rdquo ) an industrial facility (the &ldquo Facility&rdquo ) in China for Pano (Changshu) New Energy Technology Co., Ltd (&ldquo Pano&rdquo ), one of the largest manufacturers of wind turbine generators and accessories in China. The Facility for Pano is located at the Changshu High Tech Park, Changshu City, Jiangsu Province, China. As part of the project, the Group will design and build the headquarters and main manufacturing and distribution centre, comprising six storeys of ancillary offices and four storeys of manufacturing space. The gross floor area of the facility is approximately 36,500 square metres. Figtree expects construction of the Facility to commence in the fourth quarter of 2021 and to complete in the first quarter of 2023. Mr Danny Siaw, Managing Director of Figtree said, &ldquo We are honoured that Pano has trusted us with their project, and we will endeavour to deliver a quality and seamless facility for them, as we always do for our clients. Figtree has built a strong D& B reputation in the region over the years, particularly for facilities catered to the food processing, logistics, warehousing and industrial industries. This latest award from Pano will allow us to penetrate and build our capabilities and track record in a new segment, namely renewable energy, and position us for more opportunities down the road.&rdquo The contract will contribute to the revenue of the Group but is not expected to have a material impact on the earnings per share and net asset value per share of the Group for the current financial year ending 31 December 2021. 

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SmallSmall
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28-May-2021 09:13     
 
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 Alert Admin 		Figtree wins S$13.6 million design & build contract for an industrial facility in Changshu, China

This one NAV $0.1381. 24% owned by Vibrant. 
Let see if it can fly higher later. If enough shorts, $0.08 - $0.085 should not be a problem

SINGAPORE, 27 May 2021 &ndash Catalist-listed Figtree Holdings Limited (&ldquo Figtree&rdquo or &ldquo the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ), a provider of commercial and industrial real estate solutions, has been awarded a RMB 65.0 million (approximately S$13.6 million) contract to design and build (&ldquo D& B&rdquo ) an industrial facility (the &ldquo Facility&rdquo ) in China for Pano (Changshu) New Energy Technology Co., Ltd (&ldquo Pano&rdquo ), one of the largest manufacturers of wind turbine generators and accessories in China. The Facility for Pano is located at the Changshu High Tech Park, Changshu City, Jiangsu Province, China. As part of the project, the Group will design and build the headquarters and main manufacturing and distribution centre, comprising six storeys of ancillary offices and four storeys of manufacturing space. The gross floor area of the facility is approximately 36,500 square metres. Figtree expects construction of the Facility to commence in the fourth quarter of 2021 and to complete in the first quarter of 2023. Mr Danny Siaw, Managing Director of Figtree said, &ldquo We are honoured that Pano has trusted us with their project, and we will endeavour to deliver a quality and seamless facility for them, as we always do for our clients. Figtree has built a strong D& B reputation in the region over the years, particularly for facilities catered to the food processing, logistics, warehousing and industrial industries. This latest award from Pano will allow us to penetrate and build our capabilities and track record in a new segment, namely renewable energy, and position us for more opportunities down the road.&rdquo The contract will contribute to the revenue of the Group but is not expected to have a material impact on the earnings per share and net asset value per share of the Group for the current financial year ending 31 December 2021. 
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Secret_Squirrel
Elite
20-Apr-2021 19:32     
 
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 Alert Admin 		Seems that there is accumulation for the past 1 month. 🤔

Joelton      ( Date: 18-Sep-2020 09:19) Posted:

Figtree to enter Australian data centre market with 27.5% stake in DC Alliance
CATALIST-LISTED Figtree Holdings' wholly-owned subsidiary Figtree Real Estate will be acquiring a 27.5 per cent interest in DC Alliance for A$2.75 million (about S$2.74 million) in cash, making this its first strategic investment in a data centre.
 
DC Alliance is a Singapore incorporated company that, through its wholly-owned subsidiary DCA 1, holds a 100 per cent interest in Pier DC, a Western Australian company that designs, builds and operates Tier-certified data centres in Australia and the Asia-Pacific region.
 
Pier DC currently owns and operates a ready-for-service Tier III co-location data centre in Perth' s Canning Vale industrial area, said to be the only facility of its kind south of the Perth central business district. Built about four years ago, the facility has a technical area of 2,200 sq m with a capacity for 1,000 racks and up to eight MW of power.
 
Pier DC is also an approved member of the Australian government' s GovNext-ICT (information and communications technology) programme, with most of its existing customers mainly from the government segment.
 
With this deal, Figtree will be granted a board seat in DC Alliance and all its subsidiaries.
 
Danny Siaw, managing director of Figtree, said: " Through this investment, Figtree now holds a strategic stake in a ready-for-service Tier III data centre in Perth, a growing regional innovation hub due to its new high speed, high capacity undersea data cables that link it to Asia."
 
" We believe that this positions Figtree well to ride on the vibrant demand for data centres in Australia, which is on the rise due to growing trends in cloud adoption, demand for smart devices as well as wireless networking technologies," he added.
 
Australia' s data centre market is projected to grow at a compound annual growth rate of 3.4 per cent to reach A$6 billion between 2020 and 2025, according to a report by Research and Markets. Australia is also among the top five countries in the world to implement government policies and regulations for cloud adoption, which drives data centre investments in the country.
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Joelton
Supreme
18-Sep-2020 09:19     
 
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Figtree to enter Australian data centre market with 27.5% stake in DC Alliance
CATALIST-LISTED Figtree Holdings' wholly-owned subsidiary Figtree Real Estate will be acquiring a 27.5 per cent interest in DC Alliance for A$2.75 million (about S$2.74 million) in cash, making this its first strategic investment in a data centre.
 
DC Alliance is a Singapore incorporated company that, through its wholly-owned subsidiary DCA 1, holds a 100 per cent interest in Pier DC, a Western Australian company that designs, builds and operates Tier-certified data centres in Australia and the Asia-Pacific region.
 
Pier DC currently owns and operates a ready-for-service Tier III co-location data centre in Perth' s Canning Vale industrial area, said to be the only facility of its kind south of the Perth central business district. Built about four years ago, the facility has a technical area of 2,200 sq m with a capacity for 1,000 racks and up to eight MW of power.
 
Pier DC is also an approved member of the Australian government' s GovNext-ICT (information and communications technology) programme, with most of its existing customers mainly from the government segment.
 
With this deal, Figtree will be granted a board seat in DC Alliance and all its subsidiaries.
 
Danny Siaw, managing director of Figtree, said: " Through this investment, Figtree now holds a strategic stake in a ready-for-service Tier III data centre in Perth, a growing regional innovation hub due to its new high speed, high capacity undersea data cables that link it to Asia."
 
" We believe that this positions Figtree well to ride on the vibrant demand for data centres in Australia, which is on the rise due to growing trends in cloud adoption, demand for smart devices as well as wireless networking technologies," he added.
 
Australia' s data centre market is projected to grow at a compound annual growth rate of 3.4 per cent to reach A$6 billion between 2020 and 2025, according to a report by Research and Markets. Australia is also among the top five countries in the world to implement government policies and regulations for cloud adoption, which drives data centre investments in the country.
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sky1983
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16-Aug-2018 10:52     
 
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 Alert Admin 		so far the dividend payout still ok. But dont know for the next finanical year. As seem like no new local job. hopefully china side will grow well.

overall share price dropped too much and not much trading, looking bad
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Starship
Supreme
31-Mar-2018 17:00     
 
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 Alert Admin 		There must be good reason whey there' re only 4 posts in all of 2018.    Lol.

john_ric      ( Date: 31-Mar-2018 16:57) Posted:

Ya. Last year reported in feb.

Lousy co.

lovetoshare      ( Date: 30-Mar-2018 00:10) Posted:

--- Post Removed by User ---
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john_ric
Supreme
31-Mar-2018 16:57     
 
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 Alert Admin 		Ya. Last year reported in feb.

Lousy co.

lovetoshare      ( Date: 30-Mar-2018 00:10) Posted:

--- Post Removed by User ---
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Secret_Squirrel
Elite
23-Jan-2018 19:39     
 
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Yells: "Stay curious but skeptical"
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 Alert Admin 		Today seems to wake up a bit. But for the time being,  when other stocks are moving,  we can revisit this one at a later date when they are paying dividend

john_ric      ( Date: 15-Jan-2018 17:56) Posted:

property  construction prospects are all good     but this share is still   hibernating.


 

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john_ric
Supreme
15-Jan-2018 17:56     
 
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 Alert Admin 		property  construction prospects are all good     but this share is still   hibernating.


 
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beginners
Veteran
13-Nov-2017 18:44     
 
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 Alert Admin 		Good to run road. It?s a faketree

edwinjup      ( Date: 13-Nov-2017 05:10) Posted:

Ya..kanna stuck many yrs and finally cut loss last yr at 18c plus...bought 20c plus...

stockmarket      ( Date: 13-Nov-2017 05:02) Posted:

what happen to this stock? not much vol everyday. maybe people prefer to buy penny stock.
if bbs notice this stock, it can break 20 cts easily or even can go much higher.
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TigTig
Master
13-Nov-2017 15:02     
 
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 Alert Admin 		I' ve already got contractors on my portfolio, now looking for OBOR stocks for long term hold. 
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edwinjup
Supreme
13-Nov-2017 05:10     
 
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 Alert Admin 		Ya..kanna stuck many yrs and finally cut loss last yr at 18c plus...bought 20c plus...

stockmarket      ( Date: 13-Nov-2017 05:02) Posted:

what happen to this stock? not much vol everyday. maybe people prefer to buy penny stock.
if bbs notice this stock, it can break 20 cts easily or even can go much higher.
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stockmarket
Senior
13-Nov-2017 05:02     
 
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 Alert Admin 		what happen to this stock? not much vol everyday. maybe people prefer to buy penny stock.
if bbs notice this stock, it can break 20 cts easily or even can go much higher.
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Secret_Squirrel
Elite
12-Nov-2017 22:31     
 
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Yells: "Stay curious but skeptical"
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 Alert Admin 		Support price seems to be around 18.4cents.

TigTig      ( Date: 16-Oct-2017 22:59) Posted:

I like cos with high ROE and gross margins.  Figtree is the perfect numbers company.    And the super high dividends.     

TigTig      ( Date: 16-Oct-2017 22:56) Posted:

But NAV boss.    due to high div payment, it' s retained earnings suffered I think.  Been on my radar for a long time. this Figtree.
 
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TigTig
Master
16-Oct-2017 22:59     
 
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 Alert Admin 		I like cos with high ROE and gross margins.  Figtree is the perfect numbers company.    And the super high dividends.     

TigTig      ( Date: 16-Oct-2017 22:56) Posted:

But NAV boss.    due to high div payment, it' s retained earnings suffered I think.  Been on my radar for a long time. this Figtree.
 

Secret_Squirrel      ( Date: 16-Oct-2017 22:54) Posted:

Pay better dividend than Tuan Sing. Cheaper than TuanSing. Low deb
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TigTig
Master
16-Oct-2017 22:56     
 
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 Alert Admin 		But NAV boss.    due to high div payment, it' s retained earnings suffered I think.  Been on my radar for a long time. this Figtree.
 

Secret_Squirrel      ( Date: 16-Oct-2017 22:54) Posted:

Pay better dividend than Tuan Sing. Cheaper than TuanSing. Low debt

TigTig      ( Date: 16-Oct-2017 21:19) Posted:

Yeah, noticed this sometime ago, it pays good dividends.    Not too bad a company. 


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Secret_Squirrel
Elite
16-Oct-2017 22:54     
 
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Yells: "Stay curious but skeptical"
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 Alert Admin 		Pay better dividend than Tuan Sing. Cheaper than TuanSing. Low debt

TigTig      ( Date: 16-Oct-2017 21:19) Posted:

Yeah, noticed this sometime ago, it pays good dividends.    Not too bad a company. 

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