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AEM' s non-exec, non-independent director redesignated to lead ID as stake gets ' diluted to below 5%'
AEM HOLDINGS (AEM) on Jan 1 (Saturday) announced that it has recommended the redesignation of non-executive and non-independent director James Toh, 57, to lead independent director with effect from Jan 1, as his stake in the company has been diluted to below 5 per cent, as well as his " independence" .
To recap, on Aug 31, AEM announced the completion of the allotment of 26.8 million shares to Venezio Investments, giving Venezio a stake of 8.68 per cent in the company. This has diluted the stakes of other shareholders such as Toh.
Toh is a co-founder and anchor investor of private equity firm Novo Tellus' s PE Fund 1 and Fund 2 - which is focused on buyouts of mid-cap technology industrial companies.
He has a direct interest of 11 million shares, and a deemed interest of 1.2 million shares in AEM, said the bourse filing. He has been on the board of AEM since 2018.
The announcement of Toh' s redesignation comes as lead independent director Adrian Chan stepped down from the board on Dec 31, 2021 to " facilitate board renewal" after a total of more than 9 years as an independent director of AEM. He was appointed as the lead independent director on Oct 1, 2017.
With his resignation, the 57-year-old also ceased to be the chairman of the nominating committee, as well as a member of the audit and risk management committee and remuneration committee. Chan holds some 85,000 shares of AEM, said the filing.
Separately, AEM announced the resignation of another independent director Basil Chan on Dec 31, 2021. The 70-year-old has also been with the company for more than 9 years and has decided to step down to " facilitate board renewal" .
As at his resignation, Basil Chan also ceased to be chairman of the audit and risk management committee and remuneration committee, as well as a member of the nominating committee.
AEM to commence dual currency trading on SGX from Jan 4
AEM Holdings has on Dec 23 received clearance from the Singapore Exchange Securities Trading (SGX-ST) for the trading of AEM shares in US dollars (USD), in addition to Singapore dollars (SGD), with effect from 9am on Jan 4, 2022.
With the implementation of dual currency trading of AEM&rsquo s shares, the company will have a USD counter in addition to its existing SGD counter and investors will be able to buy or sell AEM shares through either counter given the fungibility of shares between the two counters.
Investors will be able to trade in the new USD counter for AEM shares in the same manner as trading for any other counters on the SGX-ST and investors can utilise their existing securities accounts and trading accounts with the Central Depository.
&ldquo We firmly believe that the implementation of dual currency trading would enhance the attractiveness of AEM for existing and potential investors," says Chandran Nair, CEO of AEM.
" Over the years, AEM&rsquo s shareholding has diversified significantly with many foreign investors and funds being part of the shareholder list now. Thus, this initiative of dual currency trading for AEM provides greater flexibility and convenience to investors keen to invest in AEM shares in SGD or USD. It also gives foreign investors more assurance when participating in AEMs shareholding as they can invest in the USD counter without being concerned with exchange rate fluctuations or incurring charges during currency conversion," he adds.
please make it happen, will appreciate it thanks haha
sgp_user ( Date: 08-May-2020 17:40) Posted:
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today market close at 3.08
next week will drop back to 2.74
monday can short selling
next week will drop back to 2.74
monday can short selling
Like no power
Sgvale ( Date: 28-Apr-2020 16:49) Posted:
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Come come....
Sgvale ( Date: 28-Apr-2020 16:49) Posted:
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$2.50 lai lai
Potential $3 candidate
hows it go now....
HendriJB ( Date: 30-Jul-2018 20:47) Posted:
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*AEM Q2 net profit up 15.6% to S$9.5m*
Janice Heng
JUL 30, 2018 07:02 PM
AEM Holdings' net profit rose 15.6 per cent to S$9.5 million for the second quarter ended June 30, up from S$8.2 million in the year-ago period, the semiconductor equipment maker announced on Monday after the market closed.
This was on the back of a 16.5 per cent rise in revenue to S$72.7 million from S$62.3 million. Earnings per share for the second quarter were 3.49 Singapore cents, up from 3.16 Singapore cents for Q2 2017.
For the first half of 2018, AEM's net profit was up 43.4 per cent year-on-year to S$17.7 million. Revenue rose 32.4 per cent to S$138.3 million due to growing sales orders from AEM's major customer. AEM also saw better profit margins with its major cost component of raw materials and other consumables rising more slowly than sales growth, due mainly to cost reduction initiatives.
In light of its first half performance, the group has declared an interim dividend of 1.5 Singapore cents per share.
To date, the group has received sales orders worth S$235 million for delivery in FY 2018. The group said it remains on track to achieve its profit guidance for FY 2018 with revenue of at least S$255 million and operating profit before tax of at least S$42 million.
Said executive chairman Loke Wai San: ?We continue to generate positive cash flow and remain optimistic of the long-term prospects of our equipment and consumables. Our acquisitions are all progressing well with new customer engagements, and we are cautiously optimistic on securing several key customers in 2019.?
*Be Happy Everyone - AEM HOLDINGS showed Profit...*
Janice Heng
JUL 30, 2018 07:02 PM
AEM Holdings' net profit rose 15.6 per cent to S$9.5 million for the second quarter ended June 30, up from S$8.2 million in the year-ago period, the semiconductor equipment maker announced on Monday after the market closed.
This was on the back of a 16.5 per cent rise in revenue to S$72.7 million from S$62.3 million. Earnings per share for the second quarter were 3.49 Singapore cents, up from 3.16 Singapore cents for Q2 2017.
For the first half of 2018, AEM's net profit was up 43.4 per cent year-on-year to S$17.7 million. Revenue rose 32.4 per cent to S$138.3 million due to growing sales orders from AEM's major customer. AEM also saw better profit margins with its major cost component of raw materials and other consumables rising more slowly than sales growth, due mainly to cost reduction initiatives.
In light of its first half performance, the group has declared an interim dividend of 1.5 Singapore cents per share.
To date, the group has received sales orders worth S$235 million for delivery in FY 2018. The group said it remains on track to achieve its profit guidance for FY 2018 with revenue of at least S$255 million and operating profit before tax of at least S$42 million.
Said executive chairman Loke Wai San: ?We continue to generate positive cash flow and remain optimistic of the long-term prospects of our equipment and consumables. Our acquisitions are all progressing well with new customer engagements, and we are cautiously optimistic on securing several key customers in 2019.?
*Be Happy Everyone - AEM HOLDINGS showed Profit...*
Positive news found .. Time to buy AEM Holdings
AEM said that sales orders in excess of S$115 million have been booked for delivery in the first half of 2018.
"We are a customised shop, we don't build to stock, we build to order," Mr Loke said, adding that AEM is running at full capacity.
"We're quite careful, we expand based on the run rate that we see. We work closely with our customer to make sure it's a sustainable run rate."
AEM acquires Finnish MEMS tester, executes succession plan written by Marissa Lee
FEB 2, 2018 05:50 AM
Singapore
Investor Center
AEM Holdings Ltd is listed on the main board of the Singapore Exchange (Reuters: AEM.SI Bloomberg: AEM SP)
We provide handling and test solutions to the most advanced manufacturers in the world. We focus on customers who produce the most successful products in the 5G economy including microprocessors, high-speed communications, IOT devices, and solar cells.
Our business model drives strong growth and margins through a focus on:
Advanced manufacturing solutions where our deep experience and engineering capabilities drive strong competitive advantage and differential manufacturing capabilities.
5G end-markets such as advanced microchips, internet of things devices, and high-speed communications, where demanding manufacturing, high volume and rapid growth provides AEM with diversified growth opportunity.
Long-term strategic partnerships with our customers, where our ability to serve global manufacturing networks across the entire factory lifecycle from design to operations and upgrades allows us to partner with our customers for many years (and in some cases decades).
Our approach delivers long-term value and innovation to our customers, while providing our business with long-lived customer relationships, recurring revenues, and diversified growth opportunities.
We invite you to peruse our announcements and annual reports, and to contact us for investor enquiries.
I?ve a feeling it will shoot up in near future...
AEM Holdings Ltd is listed on the main board of the Singapore Exchange (Reuters: AEM.SI Bloomberg: AEM SP)
We provide handling and test solutions to the most advanced manufacturers in the world. We focus on customers who produce the most successful products in the 5G economy including microprocessors, high-speed communications, IOT devices, and solar cells.
Our business model drives strong growth and margins through a focus on:
Advanced manufacturing solutions where our deep experience and engineering capabilities drive strong competitive advantage and differential manufacturing capabilities.
5G end-markets such as advanced microchips, internet of things devices, and high-speed communications, where demanding manufacturing, high volume and rapid growth provides AEM with diversified growth opportunity.
Long-term strategic partnerships with our customers, where our ability to serve global manufacturing networks across the entire factory lifecycle from design to operations and upgrades allows us to partner with our customers for many years (and in some cases decades).
Our approach delivers long-term value and innovation to our customers, while providing our business with long-lived customer relationships, recurring revenues, and diversified growth opportunities.
We invite you to peruse our announcements and annual reports, and to contact us for investor enquiries.
I?ve a feeling it will shoot up in near future...
Warming up... for the rebound!
Today AEM 25 July 2018 ... went up to $1.22
Will 120 break again?????
bishan22 ( Date: 11-Jun-2018 09:24) Posted:
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Big fxxx share. Regret not shorting this morning but the drop was quite fast.
No sign of recovery since XB.... tan hor.....
lohsenglte ( Date: 11-Jun-2018 09:46) Posted:
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What happened ah why suddenly keep on dropping sia
bishan22 ( Date: 11-Jun-2018 09:24) Posted:
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130 broke.... more downside....
This is one big cb share :) will buy when it goes below 1 dollar.