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Nutryfarm

NutryFarm: Completion of S$6.38 million Share Placement

> 22 million new ordinary shares at an issue price of S$0.29 per share

Since December 2020, the Group has announced various agreements to sell fresh durians from Thailand to major Chinese fruit importers and the total contract value of these agreements has exceeded RMB 1 billion.

The Group&rsquo s durian business has been a strong contributor to its third quarter results for the financial period ended 30 June 2021, which led to revenue surging 42-fold to HK$516.77 million and net profit of HK$19.24 million.

In August 2021, the Group obtained approval from shareholders via an Extraordinary General Meeting to diversify its business and expand its core business to include fruit trading.

The Board of Directors (the &ldquo Board&rdquo ) of NutryFarm International Limited (the " Company" ) refers to the announcements dated 4 June 2021 and 8 September 2021 (the &ldquo Placement Announcements&rdquo ). Unless otherwise defined, all capitalised terms shall bear the same meanings ascribed to them in the Placement Announcements.

The proceeds of the Share Placement shall be used for business expansion and working capital purposes in relation to the Group&rsquo s growth plans in Asia&rsquo s durian industry.

Further to the Placement Announcements, the Board is pleased to announce that pursuant to and in accordance with the terms and conditions of the Placement Agreements, the Placement was completed today and the Placement Shares were allotted and issued to the Placees at the Placement Price.

After the completion of the Placement, the total number of issued shares of the Company has increased from 115,422,103 ordinary shares to 137,422,103 ordinary shares (excluding treasury shares). The Placement Shares represent (i) approximately 19.1% of the existing issued and paid-up share capital of the Company as at the date of this announcement and (ii) approximately 16.0% of the enlarged issued and paid-up share capital of the Company after the issue of the Placement Shares.

The Placement Shares will rank pari passu in all respects with the existing shares of the Company.

$NutryFarm(AZT.SI) Before the compliance notice and placement shares - many may have missed this announcement like I did:

" Tianhe has entrusted GAT to purchase 200 containers of fresh durians to be delivered to Moonda as the End Customer. Among other things, it is agreed by the parties that the total purchase price is estimated to be RMB130,000,000...

This purchase contract is on top of 300 containers already committed by Moonda announced on 21 June 2021."

https://links.sgx.com/1.0.0/corporate-announcements/P5E4XQE6ON6977F4/21613b759a4ec06088f43b0493f4ff7631af9be60cee095835efd82b4da92b37

Anyway. Nutryfarm is making million of $. Pls do your own due diligence. Ur $$$, ur choice.

Joelton ( Date: 07-Sep-2021 08:52) Posted:

NutryFarm Secures New Sales Order of Approximately RMB 130 Million for 200 Containers of Fresh Durians from Thailand to China

Singapore, 6 September 2021 &ndash NutryFarm International Limited (&ldquo NutryFarm&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce that the Group&rsquo s indirectly wholly-owned subsidiary, Global Agricapital (Thailand) Co., Ltd (&ldquo GAT&rdquo ), has secured a sales order of approximately RMB 130 million from Anhui Tianhe YouXuan Import Pte Ltd (&ldquo Anhui Tianhe&rdquo ) for the delivery of 200 containers of fresh durians from Thailand.

Adhering to stringent quality assurance standards across its entire work process, the Group continues to comply with the relevant regulatory requirements for the export of fresh durians from Thailand to China. In addition, the Group has instituted safe management measures in its work processes since the outbreak of COVID-19 to further limit the risks of transmission.

In recent years, there has been an increasing supply on the Chinese market and their prices have soared. The price of a general-grade MonThong durian generally costs about 200 yuan per half a kilo. According to industry analysts, there are a few reasons for the increase in prices. First, the number of people willing to taste durian, a fruit with a unique smell, is increasing, and the number of repeat customers is also increasing. Secondly, farm gate prices continued to rise. Although Thailand has expanded its planted area in recent years, it usually takes 5-6 years for trees to bear fruit, and the market is currently in short supply. Moreover, there are more and more products that use durian as an ingredient, making the shortage of fresh fruit more prominent(1) .

Since December 2020, the Group has announced various agreements to sell fresh durians from Thailand to major Chinese fruit importers and the total contract value of these agreements has exceeded RMB 1 billion.

The Group&rsquo s durian business has been a strong contributor to its third quarter results for the financial period ended 30 June 2021, which led to revenue surging 42-fold to HK$516.77 million and net profit of HK$19.24 million.

In August 2021, the Group obtained approval from shareholders via an Extraordinary General Meeting to diversify its business and expand its core business to include fruit trading. Executive Director and Chief Executive Officer of NutryFarm,

Mr. Cheng Meng (程勐 ), said, &ldquo Reflecting the rising popularity of fresh Thailand durians in the Chinese market, this latest sales order also underlines the capabilities of our team to procure and deliver high quality durians to buyers in China. We look forward to build on this momentum to secure new orders from existing and new customers in Asia.&rdquo

I bot to keep while still hot. pls do your own due diligence n home work.

teeth53 ( Date: 09-Sep-2021 10:10) Posted:

Chin Kay playing lahh....:) 0.35. No problem.

alleyboy ( Date: 09-Sep-2021 09:55) Posted:

Volume is thin.

Co to engage independent reviewer to report directly to Regco will not be a pleasant ending... If in good times if money loan out cannot repay, what do you think in bad times then, is akin to building the great wall of china ... Interestingly all these two payments happened in China... Bad experiences with China acquisitions in the past... Very hard to find one that is geniune, if yes, it would be fast and sharply concluded, wont be dragging.. LAST CHANCE for those whom still holding... may go suspended soon like " KITCHEN C" when more unlawful matters unfold which I hope not.. Just penny for thot...

PhillipTan ( Date: 09-Sep-2021 01:32) Posted:

SGX RegCo orders Nutryfarm International to appoint independent reviewer to conduct investigation

Singapore Exchange Regulation (SGX RegCo) has ordered Nutryfarm International, through a notice of compliance, to appoint a suitable independent reviewer to conduct an investigation over two key issues.

The first is regarding a significant refundable deposit of HK$91.4 million (S$15.8 million) made in relation to the proposed acquisition of tech company First Linkage, and the second is the significant advances of 26.81 million yuan (S$5.58 million) made to Chengdu Meili Tianyuan Agriculture Co (MLTY), the associate of two of NutryFarm (Chengdu) Biomedicine' s (NFC) customers.

The reviewer is expected to investigate the facts and circumstances surrounding the proposed acquisition of First Linkage, including an assessment into the payment of the refundable deposit by LottVision Internet Management (Nutryfarm' s wholly owned subsidiary) amounting to HK$91.4 million to Wang Xiaoxin, as well as the recovery of the refundable deposit from Mr Wang. Mr Wang is the sole shareholder of First Linkage.

In addition, the reviewer also needs to examine the facts and circumstances surrounding the proposed acquisition of Xinjiang Zhongtong Internet Science and Technology Development (XJZT) and the facts and circumstances surrounding the advance payments of 26.81 million yuan to MLTY.

This comes as the company had updated that MLTY did not repay the advances since late 2019.

The independent reviewer to be appointed and the scope of the independent review are subject to SGX RegCo' s approval, and he or she should report its findings directly and solely to SGX RegCo.

Nutryfarm' s shares closed at 35 Singapore cents on Wednesday, down 2 cents or 5.41 per cent.

Whaa. So lucky. Some players bot when trading prices went down. I bot to keep.

teeth53 ( Date: 09-Sep-2021 09:25) Posted:

Panic sellers.....hahaha. Now like nomal buying n selling

bishan22 ( Date: 09-Sep-2021 09:07) Posted:

Pulling hair liao....

Chin Kay playing lahh....:) 0.35. No problem.

alleyboy ( Date: 09-Sep-2021 09:55) Posted:

Volume is thin.

Back into norm. Back to 33, 34 maybe closing unchange @35 for today.

teeth53 ( Date: 09-Sep-2021 09:25) Posted:

Panic sellers.....hahaha. Now like nomal buying n selling

bishan22 ( Date: 09-Sep-2021 09:07) Posted:

Pulling hair liao....

Panic sellers.....hahaha. Now like nomal buying n selling

bishan22 ( Date: 09-Sep-2021 09:07) Posted:

Pulling hair liao....

Up then down and up up...away....:) why so volatile?.