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(Post 1 of 2015) 05/26/1999.22:12:00 |
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To Oldman, River, Winmoney and others, Notice that this stock has gone up and trading at high volume for the past few days. Wonder if any of you have got any news about this counter. Will the price still move upwards or shall I sell now ? Hope to see any comments from any one of you. Thanks. |
| (Post 2 of 2015) 07/29/1999.00:51:00 |
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Retro, not looking at the chart, for the time being, hardly can find play on pennys (including PohLian). This is in terms of general (as said, I've yet even to look into the chart) Rdgs |
| (Post 3 of 2015) 08/27/1999.09:10:00 |
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Poh Lian spends $38.5 mln on property Singapore, Aug 26 -- Construction-based Poh Lian Holdings Ltd said on Thursday its subsidiary Poh Lian Realty Pte Ltd had purchased a property from T3 Investments Pte Ltd for a S$38.5 million. Poh Lian said in a statement the sale of the property, an 18-storey residential apartment, would be launched in the fourth quarter of 1999. It said the acquisition would contribute to its property business "in view of the positive outlook of the property market". The firm said the purchase would be from internal funds and external financing but gave no further details. It added the deal would have no effect on its earnings per share and net tangible assets for the financial year ending December 31, 1999. Source: Reuters |
| (Post 4 of 2015) 10/27/1999.15:59:00 |
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Poh Lian Holdings Limited (Poh Lian) has injected SGD187,500 into subsidiary Amplas Materials Pte Ltd (Amplas), increasing its capital from SGD50,000 to SGD237,500. Amplas carries out general construction and supplies building materials. Alan Yong Keng Hua, who had previously owned 25% of the company, is given a two year option to inject another SGD62,500 into Amplas in order to maintain his stake in the company. Poh Lian has also acquired 30% of Malvitec (M) Sdn Bhd (Malvitec) for RM1,400. Malvitec is a scaffolding and insulation sub-contractor in Malaysia. Poh Lian plans to use Malvitec to expand its overseas networking and trading opportunities. Poh Lian main business activity is construction. Recently, the company ventured into property development. Poh Lian is developing a 25-unit apartment building at its freehold site in Tanjong Katong (Roseville), freehold landed residential units at Jalan Lateh, a property development project at Tembeling Road worth SGD4 million and a columbarium at Choa Chu Kang. Poh Lian closed at SGD0.56 yesterday. |
| (Post 5 of 2015) 11/11/1999.20:10:00 |
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A substantial shareholder Mr Chia sold 1.5 mil shares yesterday at 63cts in the open market reducing his holdings to 15.8 mil or 6.7%. |
| (Post 6 of 2015) 12/03/1999.08:49:00 |
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Poh Lian pays about 47 mln sgd for apartment site Poh Lian Holdings has paid about 47 mln sgd for a 47,237 sq ft site which can be redeveloped into an apartment project, the Business Times quoted sources as saying. The Alexandra Road freehold site is being sold by distiller Tay Miang Huat. The price was arrived at on the basis of a plot ratio of 2.59 for built up area to site area. This works out at a land cost of 384 sgd psf of potential built up area and a breakeven price of about 700-750 sgd psf for an apartment project. The site was sold through private tender which closed on Nov 5. |
| (Post 7 of 2015) 12/15/1999.22:39:00 |
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Poh Lian unit buys site for S$50.35 million Singapore, Dec 15 - Singapore building contractor and property developer Poh Lian Holdings Ltd said on Wednesday that its subsidiary Poh Lian Realty Pte Ltd had entered into an option to buy collective properties for S$50.35 million. The company said in a statement that the properties at Saint Michael Road had a freehold tenure with a plot ratio of 2.8. It said the purchase was in line with the group's objective to build its property business. The firm said it would be funded through internal resources and bank borrowings. Source: Reuters |
| (Post 8 of 2015) 12/27/1999.22:22:00 |
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SINGAPORE (Dow Jones)--Poh Lian Holdings Ltd. (POHL.SI) said Monday its unit Poh Lian Construction Ltd. has been awarded a S$71 million (US$1=S$1.6677) tender contract for a condominium development project. The work will be completed within 25 months from the commencement date, the company said in a statement. In a separate development, the company said Poh Lian Construction has been awarded an incentive bonus of S$1.34 million from the developer of a private condominium project for doing well in a quality assessment system held by the Building and Construction Authority. |
| (Post 9 of 2015) 01/11/2000.22:30:00 |
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POH LIAN HOLDINGS LIMITED PLACEMENT NEW ORDINARY SHARES OF S$0.10 IN THE CAPITAL OF POH LIAN HOLDINGS LIMITED The Directors of Poh Lian Holdings Limited (the "Company") are pleased to announce that the Company has signed a placement agreement dated 11 January 2000 with Malayan Banking Berhad (the "Placement Agent") pursuant to which the Placement Agent has agreed to subscribe, or procure subscriptions, for an aggregate of 23,701,000 new ordinary shares of S$0.10 each in the capital of the Company (the "Placement Shares") at S$0.57 per Placement Share (the "Placement Price") for a total consideration of S$13.509 million (the "Private Placement"). The Placement Shares when issued and fully paid will rank pari pasu in all respects with the existing ordinary shares of S$0.10 each (the "Shares") in the capital of the Company. The Private Placement is conditional upon, inter alia, the approval of the Singapore Exchange Limited ("SES") for the listing of and quotation for the Placement Shares on the Main Board of the SES. As at 11 January 2000, the issued and paid-up share capital of the Company was S$23,701,988 divided into 237,019,880 Shares. Following the completion of the Placement, the Placement Shares will represent approximately 10 per cent. (10%) of the issued and paid-up capital of the Company. The approval of shareholders of the Company for the issue of shares in the Company not exceed ten per cent. (10%) of the Company's issued share capital for the time being had been obtained at the annual general meeting of the Company held on 30 June 1999. The issue of the Placement Shares will increase the issued and paid-up capital of the Company from S$23,701,988 divided into 237,019,880 Shares to S$26,072,088 divided into 260,720,880 Shares. The Private Placement is not expected to have any material impact on the earnings per share and the net assets per share of the Company and the Group for the current financial year. The net asset backing per share of the Company and the Group, after adjusting for the Placement Shares will change from approximately S$0.16 to S$0.20 and S$0.19 to S$0.22. The Placement Price represents a discount of 10% to the weighted average price for trades done on 11 January 2000. The estimated net proceeds of approximately S$13.139 million from the Private Placement are proposed to be utilised by the Group as follows: (a) S$6 million for property development; (b) S$5 million for the repayment of bank borrowings; and (c) S$2.139 million for working capital. Pending the deployment of the net proceeds, such proceeds may be placed as deposits with financial institutions or invested in short term money markets or debt instruments or for any other purposes on a short term basis as the Directors may deem fit. Save as disclosed above, none of the Directors or substantial shareholders of the Company have any interest, direct or indirect, in the Private Placement. BY ORDER OF THE BOARD POH LIAN HOLDINGS LIMITED Submitted by Koo Ah Seang, Director on 11/01/2000 to the SES |
| (Post 10 of 2015) 01/12/2000.10:49:00 |
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Poh Lian raises 13.14 mln sgd via private placement Poh Lian Holdings Ltd said it is raising 13.14 mln sgd through the placement of 23.70 mln new shares at 0.57 sgd. Of the proceeds, 6.0 mln sgd will be used for property development, 5.0 mln for repayment of bank borrowings and 2.14 mln for working capital requirements. The placement is handled by Malayan Banking Bhd. |
| (Post 11 of 2015) 01/14/2000.12:54:00 |
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POH LIAN SHARES UP 5 1/2 CENTS OR 8.5%, HEAVY BUYING AT 69 CENTS, WHY ANY RECENT NEWS? |
| (Post 12 of 2015) 01/14/2000.16:30:00 |
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Bonus issue rumored, 2 for 1 |
| (Post 13 of 2015) 01/17/2000.23:07:00 |
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20, 50 & 100 days moving average had just cut upwards. So be prepared for more to come. Heavy buying today despite weak mkt. |
| (Post 14 of 2015) 01/20/2000.14:29:00 |
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POH LIAN HOLDINGS LIMITED Further to the announcement dated 11 January 2000 in respect of the proposed private placement (the "Placement") of 23,701,000 new ordinary shares of S$0.10 each (the "Placement Shares") in the capital of Poh Lian Holdings Limited (the "Company"), the Board of Directors of the Company is pleased to announce that in-principle approval has been granted by the Singapore Exchange Securities Trading Limited ("SGX") for the Placement, and for the listing of and quotation for the Placement Shares on the Official List of the SGX. The grant of in-principle approval by the SGX is not to be taken as an indication of the merits of the Placement. BY ORDER OF THE BOARD POH LIAN HOLDINGS LIMITED Submitted by Koo Ah Seang , Director on 20/01/2000 to the SES |
| (Post 15 of 2015) 01/20/2000.14:34:00 |
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EKA or anyone else, Counter suspended. Any resaon? |
| (Post 16 of 2015) 01/25/2000.13:20:00 |
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Hi to all, I am a very new fish in this stock market, so I am writting in hoping to get some sound advise as I am in a dilemma now. Bought 5 lots of Poh Lian at $0.73 (I agree it is a bit too high)after doing a bit of FA & TA myself + positive analysis from the expert. But its price seems to be going down & down & down..... *sigh* It is almost hitting my cut loss price of $0.65 (10%), can anyone pls advise me???? Thank you very much!!!! |
| (Post 17 of 2015) 02/08/2000.17:26:00 |
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Prices up 5.5 cents on high volume? Any confirmation on earning report or bonus issue? |
| (Post 18 of 2015) 02/08/2000.19:55:00 |
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Heard that it's bonus issue. Should be quite accurate. I went in when the price was at 0.73/0.735 and got some lots. |
| (Post 19 of 2015) 02/08/2000.21:15:00 |
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yeap i heard of this rights issue 1 for 1 too |
| (Post 20 of 2015) 02/10/2000.18:46:00 |
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Heard from reliable sources that it is announcing its results as well as a bonus issue early next week. Was supposed to have been announced today, but heard that it is getting SES approval for the bonus issue. According to certain chartist, target price is $0.86. |
| (Post 21 of 2015) 02/16/2000.04:59:00 |
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POH LIAN HOLDINGS LIMITED Further to the announcement dated 15 December 1999, the Board of Directors of Poh Lian Holdings Limited ("PLH") wishes to announce that its wholly-owned subsidiary, Poh Lian Realty Pte Ltd ("PLR") has exercised the Option jointly with China Construction (Structure) Co. Pte Ltd ("CC") to acquire en-bloc the properties at : 1. No.18 St. Michael's Road; 2. No. 22 St. Michael's Road; and 3. No. 55A Jalan Taman. (Collectively known as the "Property") CC is a wholly-owned subsidiary of China Construction (South Pacific) Development Co. Pte Ltd, which is a regional subsidiary of China State Construction Engineering Corp., a company incorporated in the People's Republic of China. The joint venture with CC, will develop the Property into a 10-storey Condominium (the "Development"). PLR and CC will contribute equally in the funding of the Development. However, profits from the Development will be distributed in the proportion of 55% in favour of PLR and 45% in favour of CC respectively. None of the Directors/Substantial Shareholders of the Poh Lian Group has any interest, direct or indirect, in the joint venture. The Board of Directors is not aware of any Substantial Shareholder of the Company having any interest, direct or indirect, in the joint venture and has not received notification of any interest in the joint venture from any Substantial Shareholder. BY ORDER OF THE BOARD POH LIAN HOLDINGS LIMITED Submitted by Koo Ah Seang, Director on 15/02/2000 to the SES |
| (Post 22 of 2015) 02/18/2000.21:09:00 |
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POH LIAN 18/2/2000, $0.765  The time frame chosen shows us a contrasting picture for the counter. In 1999, it has been trapped in a bearish down channel (1). It's fortunes reversed in this millenium and it now channelling northwards (2). The RSI which tells whether the counter is overbought or oversold is heading southwards. However, such pullbacks for the last month has been great opportunities for us to buy in. ---- I would like to hear your comments & opinions so we can improve together. Or if you have any queries, you can leave me a message at my SI 'homepage': http://www.shareinvestor.com/sg/forum/messages/200/5848.html?FridayFebruary1820000633am |
| (Post 23 of 2015) 02/24/2000.01:51:00 |
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Poh Lian Buys Into Indonesia Co SINGAPORE (Dow Jones)--Poh Lian Holdings Ltd. (P.PLH) said Wednesday it has acquired a 20% stake in PT Upton Synergy Indonesia for S$2.8 million ($1=S$1.7050). The Indonesian company is engaged in developing a water resources program in the Riau province. Poh Lian Holdings said the transaction will not have any impact on its net profits or earnings for the current year. |
| (Post 24 of 2015) 02/24/2000.03:34:00 |
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Poh Lian to buy Upton's right to subscribe for 20 pct in PT Upton Synergy Poh Lian Holdings Ltd said it has entered into a sale and purchase agreement with Upton International Pte Ltd to buy the latter's right to subscribe for a 20 pct stake in PT Upton Synergy Indonesia for 2.8 mln sgd. In a statement, the company said the purchase consideration will be increased to 5.85 mln sgd should PT Upton receive a letter of intent or any other document expressing interest to buy water sourced from Indonesia. PT Upton is currently involved in the development of water resources in Kampar and other areas in the Riau province in Indonesia. The project involves catchment, treatment and the transportation of water and sale of water to buyers outside Indonesia. |
| (Post 25 of 2015) 02/25/2000.03:45:00 |
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POH LIAN HOLDINGS LIMITED In reply to your fax dated 24th February 2000, the Board of Directors is pleased to furnish the following additional information. 1. The consideration is based on the feasibility study cost. The total consideration of $5.85 million is equivalent to 20% of the feasibility study cost. The Directors have negotiated for partial payment of $2.8 million with the balance payable upon receipt of a letter of intent from interested buyer. USI has given an undertaking not to sell any of the consideration shares acquired within six months from the completion date. 2. The purchase will result in future long-term recurring income to the Group and it will also provide an opportunity for the Group to participate in any related construction project. Being a shareholder of USI, the Group would have a better understanding of the requirements of the project which would put the Group in a better position to secure the award of any related construction contract. 3. The completion is subject to : - (a) Poh Lian Holdings Limited's ("PLH") EGM; (b) USI obtaining all the necessary clearances to issue 20% of its share capital to PLH; (c) The completion is expected to be on 18th of April, 2000 or such other date as may be agreed between the parties. BY ORDER OF THE BOARD POH LIAN HOLDINGS LIMITED Submitted by Koo Ah Seang, Director on 24/02/2000 to the SES |
| (Post 26 of 2015) 03/09/2000.06:30:00 |
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Poh Lian 1999 net profit 2.565 mln sgd vs loss 648,000 Poh Lian Holdings 1999 results: Net profit - 2.565 mln sgd vs loss 648,000 Sales - 196.843 mln sgd vs 236.363 mln Pretax profit - 3.932 mln sgd vs 576,000 EPS - 1.12 cents vs loss per share 0.30 Final div - 0.30 cents vs 0.20 The company said it is proposing a one-for-two bonus issue to reward shareholders as well as to enlarge the company's capital base. After the bonus issue, the company said its capital base will increase to 60.0 mln sgd from 38.0 mln. The company said its performance will be better this year due to improved sentiment in the property market. "The group does not expect to make any further provisions for the diminution in the value of properties under development," it said. |
| (Post 27 of 2015) 03/09/2000.16:11:00 |
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can anyone explain why the announcement of bonus issue caused a negative impact on stock price? is it because of the fear of dilution? |
| (Post 28 of 2015) 03/20/2000.20:43:00 |
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Dear Madman It is due to the poor sentiment. Investors are not coming in to play. Those who are holding the shares and cannot hold on any longer are selling it. |
| (Post 29 of 2015) 03/21/2000.05:29:00 |
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POH LIAN HOLDINGS LIMITED The Board of Directors of Poh Lian Holdings Limited ("PLH") would like to announce that the Company has entered into a joint venture agreement ("JVA") with a private Malaysian party (hereinafter referred to as "PCH") to jointly develop a columbarium known as Semenyih Memorial Park on 9.25 acres of freehold land in Semenyih District, Selangor Malaysia (the "Semenyih Project"). Background PCH is the registered proprietor of the freehold land at Lot No. 570 Mukim of Ulu Semenyih District of Ulu Langat Selangor Darul Ehsan (the "Land"). The Land has been approved for memorial park development. The Semenyih Project is targeted for completion over a period of 2 to 3 years and marketing for the first phase is expected to commence in the first half of 2001. When completed, the Semenyih Project will contain a single storey temple, a prayer building, and will hold between 200,000 to 300,000 niches. PLH will be responsible for the financing of the Semenyih Project and will undertake the construction and all other operational activities. PLH will also be responsible for the marketing of the Semenyih Project. Both parties shall participate in the sale proceeds of the niches in accordance with the JVA. Despite the large land mass in Malaysia, the country is facing a shortage in the supply of burial grounds. Currently about 2 million existing graves in Sungei Besi, about 10 km from Kuala Lumpur, are pending exhumation. To cater to the need for more resting places for the dead, there are about 3 major Memorial Parks in Kuala Lumpur and Selangor regions that provides a total of about 50,000 niches. These niches have almost been fully taken up and as the demand in the market rise in the next few years, there is an urgent need to build more columbariums to meet these needs. The current prices of these niches range from RM2,000 to RM10,000 each. As a result of the scarcity of land and the higher costs associated with burials, demands for columbariums are fast becoming a lifestyle in Malaysia. Furthermore, the rising rate of exhumation is also an influencing factor underlying the choice of columbariums versus traditional burials. Investment The total cost of the Semenyih Project is estimated at RM20 million. PLH will pay an initial cash outlay of RM3.0 million representing its 50% interests in the joint venture. Source of Funds The investment will be funded by means of internal funding and bank borrowings. Effect on net profits, earnings per share ("EPS") and the net tangible assets ("NTA") per share The investment will not have any impact on the net profits, EPS or NTA of PLH for the current financial year ending 31 December 2000. Rationale and Benefits The Semenyih Project represents an expansion of PLH's capability in design and construction of columbariums. In June 1999, PLH entered into the columbarium market in Singapore. The Group commenced with the design and construction of one of the largest privately-owned columbarium projects in Singapore, located in Choa Chu Kang. Disclosure of Directors'/Substantial Shareholders' Interests None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the investment. The Board of Directors is not aware of any substantial shareholder of the Company having any interest, direct or indirect, in the investment and has not received notification of any interest in the investment from any substantial shareholders. Submitted by Koo Ah Seang, Director on 20/03/2000 to the SES |
| (Post 30 of 2015) 04/04/2000.05:50:00 |
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Poh Lian CEO Chew resigns Poh Lian Holdings Ltd said its chief executive officer Chew Yen Keen has resigned from the company effective today. The statement did not give any reasons and company officials were not immediately available for comment. |
| (Post 31 of 2015) 04/14/2000.07:19:00 |
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POH LIAN HOLDINGS LIMITED Notice Of Changes In Deemed Interest of Director/Substantial Shareholder . Name of director/substantial shareholder: Chia Kueh Kim Date of notice to company: 12/04/2000 Date of change of deemed interest: 11/04/2000 Name of registered holder:DBS Finance Nominees Pte Ltd Circumstance giving rise to the change:Sales in open market at own discretion No. of shares of the change: 1,000,000 % of issued share capital: 0.38 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: S$0.555 No. of shares held before change: 16,038,170 % of issued share capital: 6.15 No. of shares held after change: 15,038,170 % of issued share capital: 5.77 15,038,170 shares comprised of the following:- (a) Deemed Interest - 15,037,170 shares (b) In Own Name - 1,000 shares Submitted by Koo Ah Seang, Director on 13/04/2000 to the SES |
| (Post 32 of 2015) 04/18/2000.11:38:00 |
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Poh Lian jumped up 7 cents yesterday and closed at 60 cents. Despite weakness in the general market yesterday the stock was up 7 cents. Today it hit a high of 63 cents, currently trading at 60.5 cents. Any 'invisible hand' at work here? Average volume for the last 1 month is less than 1 million but today we r seeing a good volume of 1.5 million. Any comment? |
| (Post 33 of 2015) 04/18/2000.11:41:00 |
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Rumours on Poh Lian issuing Bonus shares...rumours. No vested interest |
| (Post 34 of 2015) 04/18/2000.15:08:00 |
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Old news. Current price should have already reflected that. Something else might be causing this. |
| (Post 35 of 2015) 05/03/2000.08:38:00 |
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POH LIAN HOLDINGS LIMITED [ANNOUNCEMENT ON (I) AMENDMENTS TO MEMORANDUM AND ARTICLES OF ASSOCIATION (II) INCREASE IN AUTHORISED CAPITAL (III) BONUS ISSUE AND (IV) APPROVAL OF GENERAL MANDATE TO ISSUE FURTHER SHARES] The Directors of POH LIAN HOLDINGS LIMITED (the "Company") are pleased to announce that in-principle approval has been granted by the Singapore Exchange Securities Trading Limited ("SGX-ST") for the following proposals (the "Proposals"): (i) Proposed amendments to the Memorandum and Articles of Association of the Company; (ii) Proposed increase in the Company's authorised capital, which presently stands at S$38,000,000 divided into 380,000,000 ordinary shares of S$0.10 each, to S$60,000,000 divided into 600,000,000 ordinary shares of S$0.10 each by the creation of 220,000,000 new ordinary shares of S$0.10 each (the "Increase in Authorised Capital"); (iii) Proposed bonus issue of 130,360,440 new ordinary shares of S$0.10 each (the "Shares") on the basis of one (1) new Share credited as fully paid (the "Bonus Shares") for every two (2) existing Shares held in the capital of the Company (the "Bonus Issue") and the listing and quotation of the Bonus Shares; and (iv) Approval of the general mandate to issue further shares in the Company. Please note that the in-principle approval granted by the Singapore Exchange Securities Trading Limited ("SGX-ST") for the above Proposals is not an indication of the merits of the Proposals. The Proposals are subject to the approval of the shareholders of the Company at an Extraordinary General Meeting to be convened on 21 June 2000. A circular setting out details of the above Proposals will be despatched to shareholders in due course. The Bonus Shares, when issued, will rank pari passu in all respects with the existing issued shares of the Company, except that they will not rank for the final dividend declared for the year ended 31 December 1999. Notice will be given at a later date on the closure of the Transfer Books and Register of Members of the Company to determine members' entitlements to the Bonus Issue, if approved. BY ORDER OF THE BOARD Koo Ah Seang Director 2 MAY 2000 Submitted by Koo Ah Seang, Director on 02/05/2000 to the SES |
| (Post 36 of 2015) 05/04/2000.04:18:00 |
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POH LIAN HOLDINGS LIMITED The Company wishes to announce that in-principle approval has been granted by the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of 130,360,440 new ordinary shares of $0.10 each (the "Shares") on the basis of one (1) new Share credited as fully paid (the "Bonus Shares") for every two (2) existing Shares held in the capital of the Company (the "Bonus Issue"). Please note that the in-principle approval granted by SGX-ST for the listing and quotation of the Bonus Shares is not an indication of the merits of the Bonus Issue. The Bonus Issue is subject to the approval of the shareholders of the Company at an Extraordinary General Meeting to be convened on 21 June 2000. A circular setting out details of the Bonus Issue will be despatched to shareholders in due course. This announcement supersedes the announcement made by the Company yesterday. BY ORDER OF THE BOARD Chia Quee Hock DIRECTOR 3 MAY 2000 Submitted by Chia Quee Hock, Director on 03/05/2000 to the SES |
| (Post 37 of 2015) 05/12/2000.15:49:00 |
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emailed by broker" "Poh Lian - To Get S$40-S$60M Contract? Poh Lian - Buzz is co close to getting S$40-S$60mil HDB contracts. But market “Stinks!” so shares ain’t behaving well…market ain’t in the mood…" |
| (Post 38 of 2015) 05/14/2000.21:45:00 |
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Poh Lian is rumoured to be close to clinching a $60 million HDB project as reported by Reuters last week. Also it is not any project but one of those high margin "Design and Build" project. Should boost profits! and help sustain earnings per share even after the proposed 1 for 2 Bonus issue, just approved by SES. NetResearch-Asia has also issued a detailed and highly bullish report on the Co recommending a BUY with a fair value target of $1.00 Technically, this stock has just broken out of a Bollinger band squeeze and proceeding on it's way up. Looks like this one is a sure-fire high flyer both technically and fundamentally!! A very good buy at the current price of around 67cents. Christie |
| (Post 39 of 2015) 06/02/2000.04:20:00 |
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Poh Lian cancels Saint Michael's Road project SINGAPORE (AFX-ASIA) - Poh Lian Holdings Ltd said it will no longer proceed with the acquisition of certain properties located along Saint Michael's Road after failing to obtain regulatory approval. The deal would have been done jointly with China Construction (Structure) Co Pte Ltd. However, the purchase of the Jalan Taman property, worth 10.9 mln sgd, will be pursued as originally planned. Poh Lian closed down 0.025 at 0.605 sgd on 73,000 shares. mbe/gc AFN BKZ35-01Jun00 11:10 GMT AFX ; ASIA ; |
| (Post 40 of 2015) 06/06/2000.01:52:00 |
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DISPOSAL OF INVESTMENT The Directors of Poh Lian Holdings Limited ("the Company") would like to announce that the Company's wholly-owned subsidiary, Poh Lian (Thailand) Ltd ("PLT"), had disposed its entire 80% shareholdings in Poh Lian-Times J.V. Co., Ltd in Thailand ("PL-Times"). Details of the disposal are as follows: Consideration The consideration for the disposal is Baht 100 (S$4.50). The selling price was arrived at on a willing seller-willing buyer basis. According to the latest audited financial statements of PLT as at 31 December 1999, the book value of the investment has been written down to zero value. Rationale and benefits of disposal PL-Times was established for a joint venture with a Thailand party to secure and complete a construction project at Muak Lek, Thailand for the proposed development of a Mission College. The project has been completed and the joint venture partner has no intention to secure any other contracts, it is therefore of the interest of the Group to dispose the investment. Effects on Net Profits, Earning Per Share (EPS) and Net Tangible Asset (NTA) for the financial year ending 31 December 2000 The disposal is not expected to have any material effect on the net profits, EPS and NTA of the Group or PLT for the current financial year ending 31 December 2000. Directors' / Substantial Shareholders' Interest in the Transaction None of the Directors or Substantial Shareholders of the Group or PLT has any interest, direct or indirect, in the transaction. The Directors are not aware of any substantial shareholders of the company having any interest, direct or indirect, in the transaction and have not received notification of any interest in the transaction for any substantial shareholders. By Order of The Board Poh Lian Holdings Limited Submitted by Koo Ah Seang, Director on 05/06/2000 to the SGX |
| (Post 41 of 2015) 06/09/2000.03:51:00 |
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INVESTMENT IN BANGLADESH - POH LIAN TRAINING & MANAGEMENT (BANGLADESH) PVT. LTD. The Directors of Poh Lian Holdings Limited ("the Company") would like to announce that the Company's wholly-owned subsidiary, Poh Lian Construction Pte Ltd ("PLC"), has acquired a 30% shareholding in Poh Lian Training & Management (Bangladesh) Pvt. Ltd. ("PLTM"), a private limited company incorporated in Bangladesh. The details are as follows: 1. Authorized Share Capital Taka 100,000,000 only. 2. Issued and Paid-up Share Capital Taka 60,000. 3. Consideration Taka 18,000 (i.e. S$631) 4. Principal Activity The principal activity of the PLTM is to operate training center in Bangladesh. 5. Source of funds Internal funding 6. Current shareholding status PLC owns 30% of the issued and paid-up capital of PLTM and the balance 70% is held by two corporate shareholders. A letter of indemnity has given by the two corporate shareholders to PLC confirming that PLC will not have to contribute any additional working capital beyond its investment cost. 7. Rationale and benefits To recruit high quality foreign workers for the construction business in Singapore. 8. Effects on Net Profits, Earnings Per Share ("EPS") and Net Tangible Assets ("NTA") for financial year ending 31 December 2000 The transaction will not have any material effect on the net profits, EPS or NTA of the Company for the financial year ending 31 December 2000 9. Directors'/substantial shareholders' interests in the transaction None of the directors or substantial shareholders of the Company and PLC has any interest, direct or indirect, in the transaction. The Directors are not aware of any substantial shareholder of the Company having any interest, direct or indirect, in the purchase and have not received notification of any interest in the purchase from any substantial shareholders. By Order of the Board Poh Lian Holdings Limited Submitted by Chia Kueh Kim, Director on 08/06/2000 to the SGX |
| (Post 42 of 2015) 06/14/2000.02:28:00 |
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Poh Lian: Indonesian investment 'fraught with risks,' but outweighed by gains SINGAPORE (AFX-ASIA) - Poh Lian Holdings said its planned investment in PT Upton Synergy Indonesia is likely to be fraught with risks, although these will be outweighed by the potential contracts and the experience of multinational cooperation the company stands to gain. The company said its plan to develop a water resources program may be subject to price fluctuations of construction materials due to volatile supply and demand conditions and exchange rate movements. It also acknowleged that the project will be exposed to sovereign risks in Indonesia, and may be subject to delays. Nevertheless, on the upside, Poh Lian said the project will provide an opportunity to team up with strategic partners such as GTM-Dumex and Degremount who have expressed their interests to participate in the project. "The prospects of securing the award of such contracts, the teaming up with these MNCs and the invaluable exposure which the company may gain from its involvement in this project outweigh the risks and uncertainties present in the project." Given that the project is still at its preliminary stages, Poh Lian said it is unable to finalise the cost estimates as well as the commencement and completion dates. It is however estimated that construction will take between five and eight years. Under the agreement, Poh Lian will subscribe to a 20 pct stake in USI for 100,000 usd. It added that the acquisition is not expected to have significant effect on the earnings per share for the current financial year ending 31 December 2000. bur/zr |
| (Post 43 of 2015) 06/14/2000.02:48:00 |
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INVESTMENT IN PT UPTON SYNERGY INDONESIA Further to the announcements by the Company on 23 and 24 February 2000, the Directors of the Company wish to announce further details on the status of the acquisition of Upton International Pte Ltd's ("Upton Singapore") right to subscribe for 20% of the issued capital (the "Stake") in PT Upton Synergy Indonesia ("USI") under a Sale and Purchase Agreement dated 24 April 2000, as amended and supplemented by a Supplemental Agreement dated 24 April 2000 ("S&P"). (i) Background of USI and the Project USI, a limited liability company governed by the Foreign Capital Investment Law of Indonesia, was approved by the Ministry of Investment Mobilisation Fund/Chairman of the Capital Investment Coordination Board ("BKPM") on 9 April 1999. The deed of establishment containing the Articles of Association was approved by the Ministry of Law and Regulations on 29 May 2000. Accordingly, USI has obtained its status as a juristic person under Indonesia Law with effect from 29 May 2000.The approval and the deed of establishment have to registered at the Companies Registry in Indonesia and published in the State Gazette of the Republic of Indonesia. Upon the registration and publication, USI will be legally established in Indonesia. It is anticipated that USI may directly or indirectly through one or more investment holding companies, participate in joint-ventures or form part of a consortium and be involved in a project to develop a water resources programme in the proposed Kampar and other areas of the Riau Province in Indonesia. The project relates to the catchment, treatment, transportation and sale of water to buyers in and outside Indonesia (the "Project"). As the Project is still in its preliminary stages, the details of the structure of investment and the level of participation of USI are still being negotiated and finalised. USI has to date not commenced any operations. A preliminary feasibility study of the Project was conducted by PT Tirta Degremont and Dumez-GTM through study teams from Indonesia, Singapore and France. PT Tirta Degremont is a subsidiary under the Degremont group. Degremont is established worldwide and has long-standing experience in water plant project. Dumez-GTM is a company which specialises in building infrastructure objects and has been involved in projects such as Sagiling Dam & Power Station at West Java, Indonesia, Channel Tunnel at Calais, France. The objectives of the preliminary feasibility study were, inter alia, to conduct a preliminary study on the raw water resources in the Riau Province, in particular, the Kampar river system and the Indragiri river system, the proposed development of water treatment facilities in and water delivery systems from Riau Province and the preparation of cost estimates. The study area consists of two river basins, the Kampar river basin with a catchment area of 24,548 km2 and the Indragiri river basin with a catchment area of about 16,000 km2. A deltaic zone extending between the two river basins with a catchment area of about 10,500km2 is also included in the study area. The preliminary feasibility study on technical aspects of the Project has been completed and the study area is found to have physical conditions favourable for water resources development. However, pending further investigations into various proposed financial models, it is not possible at this stage to finalise the cost estimates of the Project. As the Project is only in its preliminary stages, the dates of commencement and completion of the Project have not been finalised at this point in time. It is however estimated that the construction period will range between five to eight years. (ii) Shareholders of USI Upton Singapore, Top Synergy Pte Ltd ("Top Synergy"), a Singapore-incorporated company, and PT Cahaya Bintang Semesta ("PT Cahaya"), a company incorporated in Indonesia, were initially approved by BKPM as subscribers of USI in its Articles of Association. As at 23 February 2000 (the date of the S&P), Upton Singapore, which had not yet injected capital into USI, agreed to transfer to the Company its right to subscribe for 20% of the issued share capital in USI under the S&P. The authorised share capital of USI is Rp 4,358,500,000 (equivalent to US$500,000) divided into 5,000 Shares of Rp 871,700 (equivalent to US$100). Upon the completion of the S & P, the Company will subscribe for 20% of the issued capital of USI and the subscription amount is US$100,000. The other approved subscribers of USI are: (a) Top Synergy Top Synergy will hold 20% equity interest in USI. Top Synergy, a Singapore-incorporated company, is 100% owned by Upton Singapore. Its business involves, inter alia, construction and civil engineering works. (b) PT Cahaya PT Cahaya, a company incorporated in Indonesia, will hold 5% equity interest in USI. PT Cahaya is 90% owned by Mr Irwanto Oentung and 10% by Mr Paulus Tiaras, both of whom are Indonesian citizens. Its business involves, inter alia, construction and civil engineering works. (c) Upton Singapore Upton Singapore, a company incorporated in Singapore, holds 55% equity in USI. Its business involves, inter alia, general wholesale trade including import and export of heavy machinery and equipment. Upton Singapore is controlled by Mr Irwanto Oentung. Mr Irwanto Oentung is the Head of International Division of Perusahaan Daerah Sarana Pembangunan Riau (Riau State Holding), which is 100% owned by the Riau State. He is also the President Commissioner of USI. (iii) Consideration The purchase consideration for the acquisition of the Stake by the Company is S$2.8 million, of which S$600,000 has been paid in cash and the balance thereof to be satisfied by the issue and allotment of 2,933,000 Shares to Upton Singapore at an issue price of S$0.75 ("the Issue Price") to be credited as fully paid ("Initial Consideration Shares"). The Issue Price was determined based on the weighted average of the Share prices for a one-month period from 21 January 2000 to 22 February 2000, prior to the date of the S&P. The purchase consideration will be increased to S$5.85 million in the event USI receives a letter of intent or any other document expressing interest to acquire from USI (or any other company nominated by USI) water sourced from Indonesia ("a Letter of Intent"). Upon receipt of such a document, the Company shall issue to Upton Singapore an additional 4,066,666 Shares at the Issued Price, to be credited as fully-paid in the capital of the Company ("Balance Consideration Shares") in satisfaction thereof. The purchase consideration of S$5.85 million represents approximately 20% of the total estimated cost of the feasibility study (approximately S$29 million) at the time of negotiations. The Directors have successfully negotiated with Upton Singapore for an initial partial payment of S$2.8 million, with the balance payable only in the event USI receives a Letter of Intent, the receipt of which is not a condition precedent to the completion of the S&P. Pursuant to the S&P, the Company will from time to time pay to Upton Singapore a participation fee in Singapore Dollars ("Participation Fee") which will be equivalent to the amount of monies paid by the Company in subscribing for the shares or any other securities in or granting any shareholder's loan (or any combination thereof) to USI within seven (7) days of such payment. In determining the Participation Fee to be paid to Upton Singapore from time to time, the exchange rate of US$1 to S$1.705 shall be used, and the Company will issue such number of Shares at the Issue Price as shall be sufficient to satisfy the Participation Fee ("Participation Consideration Shares"). The Participation Fee was intended to constitute the "premium" payable to Upton Singapore for the immediate dilution of its approved shareholding in USI as a result of its sale of the Stake. However, given that the Project was only at its preliminary stages, the Directors were of the view that instead of paying a lumpsum "premium" up front, it would be more advantages to the Company to structure the "premium" such that it is only payable as and when the Company decides to invest or increase its investments in USI and each amount payable will be equivalent to the quantum of investment. However, apart from the subscription of 20% of the share capital of USI at the price of US$100,000, the Company currently has no intention of subscribing for more shares or any other securities in or granting any shareholder's loan (or any combination thereof) to USI. The Board has internally decided to limit its investment in USI to US$100,000, equivalent to the subscription amount for 20% of the issued capital of USI. Accordingly, the Participation Fee is capped at a maximum amount of US$100,000. Under the S&P, Upton Singapore can waive certain condition precedents set out in the S&P and elect to receive the purchase consideration and Participation Fee in cash. As this is a long term investment for the Company, the Directors believe that for the interests of the Group, it is better to issue shares as consideration instead of cash payment. Further, Upton Singapore undertakes that it will not sell any of the Initial Consideration Shares, Balance Consideration Shares and Participation Consideration Shares acquired within a period of six months from the completion of the S&P. Assuming that USI does not receive a Letter of Intent, the aggregate total of the purchase consideration (S$2,800,000) and the Participation Fee (S$170,500, based on an exchange rate of S$1.705 to US$1.00) constitutes 5.08% of the NAV of the Group based on the audited financial statements of the Company as at 31 December 1999. In the event that a Letter of Intent is received by USI, the aggregate total of the purchase consideration (S$5,850,000) and the Participation Fee (S$170,500, based on an exchange rate of S$1.705 to US$1.00) constitutes 10.29% of the NAV of the Group based on the audited financial statements of the Company as at 31 December 1999. (iv) Project risks As mentioned above, the Project is only in its preliminary stages and the dates of commencement and completion of the Project have not been finalised at this point in time. There is no assurance that there will not be any delay in the commencement or completion of the Project. The Project may also be subject to price fluctuations of construction materials due to varying levels of supply and demand of such materials. Changes in exchange rates will also affect material costs. As the construction and operating activities of the Project will be carried out in Indonesia, the Project will be exposed to sovereign risks in Indonesia. The performance of the Project may be materially and adversely affected by developments with respect to government policies, exchange controls regulations, currency fluctuations, social instability and other political, economic and/or diplomatic developments in or affecting Indonesia or buyers outside Indonesia. (v) Rationale of the acquisition of the Stake ("the acquisition") The acquisition will provide an opportunity for the Group to team up with strategic partners such as GTM-Dumex and Degremount who have expressed their interests to participate in the Project. GTM-Dumex and Degremount have undertaken multi-billion dollar infrastructure and water treatment projects respectively around the world. The Directors also expect the Company, once it becomes a shareholder of USI, to have a better understanding of the requirements of the Project. This will place the Group in a better position to secure the award of any construction contracts relating to the Project. Involvement in such a project will also boost the track records of the Group and place the Group in a better position to secure other infrastructure projects. The prospects of securing the award of such contracts, the teaming up with these MNCs and the invaluable exposure which the Company may gain from its involvement in this Project outweigh the risks and uncertainties present in the Project. (vi) Financial effects of the acquisition The acquisition is not expected to have significant effect on the earnings per share for the current financial year ending 31 December 2000. However, if Initial Consideration Shares, Balance Consideration Shares and Participation Consideration Shares are issued, positive impact to the net tangible assets per share of the Company range between 3% and 7% for the current financial year ending 31 December 2000 is expected. No Director of the Company has any interest, direct or indirect, in the acquisition. The Directors have not received any notification of any substantial shareholder of the Company having any interest, direct or indirect, in the acquisition and are not aware of any substantial shareholder of the Company having such interest in the acquisition. By Order Of The Board Poh Lian Holdings Limited Submitted by Seah Chang Hoo, Director on 13/06/2000 to the SGX |
| (Post 44 of 2015) 06/14/2000.10:46:00 |
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who is supporting at $0.60?  |
| (Post 45 of 2015) 06/16/2000.12:08:00 |
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Sassi (JM Sassoon's) take: Poh Lian takes 20% in Indonesian water project, which may supply Singapore’s needs. Construction company Poh Lian Holdings is buying into an Indonesian-controlled company which is looking into developing the water resources of Indonesia’s Riau province with a view to selling the treated water possibly to Singapore. Poh Lian will pay S$2.8m for a 20% stake in the company, PT Upton Synergy Indonesia (USI). The other 80% of USI belongs to Mr Irwanto Oentung, a top official of Riau province. Poh Lian has so far paid S$0.6m in cash and will pay for the rest by issuing 2.933m shares valued at 75˘ each. The sum payable by Poh Lian will increase to S$5.85m if and when USI secures a buyer for water sourced from Indonesia. The number of shares to be issued will then rise to 4.066m shares. In a statement to the SGX, Poh Lian said: "USI may directly or indirectly, through one or more investment holding companies, participate in joint ventures or form part of a consortium and be involved in a project to develop a water resources programme in Kampar and other areas of the Riau Province in Indonesia." The project is expected to involve the building of water treatment facilities and water delivery systems. With USI going through joint-ventures or consortiums, Poh Lian’s effective stake will end up much smaller than 20%. However, we can reasonably assume Poh Lian, as the equity partner with construction experience, will be actively involved in the construction works. However, the project is far from take-off stage. Feasibility studies are still being conducted. Construction is expected to take 5-8 years but commencement and completion dates have yet to be established. Potentially big news but not yet a significant development to act on. |
| (Post 46 of 2015) 06/16/2000.13:58:00 |
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Singapore Firm Takes Stake in Indonesian Water Project Friday, June 16 11:17 AM SGT SINGAPORE, June 16 Asia Pulse - A Singapore-listed construction company, Poh Lian Holdings, (SGX  RTH) has announced plans to acquire a major stake in a massive Indonesian water project as part of efforts to help Singapore diversify its water supply, said a news report. Singapore currently gets most of its water from Malaysia. The two countries are still working on a new supply contract beyond 2061 under a package of outstanding bilateral issues to be resolved. According to the Business Times, Poh Lian Holdings has acquired 20 percent of a consortium, Upton Synergy Indonesia (USI), which has just completed a feasibility study to harness several water catchment areas in Indonesia's Riau islands, which lies close to Singapore. If the project gets off the ground, it will cover a catchment area 80 times the size of Singapore and take five to eight years to build. The project included sale of water to buyers in and outside Indonesia. A preliminary study conducted by a fact-finding team from Indonesia, Singapore and France found the area favourable to water resource development. The study covered the Kampar River basin, which has a catchment area of 24,548 sq km, and the Indragiri River basin with a catchment area of 16,000 sq km. Apart from Poh Lian, the other stakeholders in USI are two other Singapore-listed entities, Singapore Upton and Top Synergy Pte Ltd, and Indonesian-incorporated Pt Cahaya Bintang Semesta. The possibility of Singapore buying water from Indonesia was raised in discussions between Prime Minister Goh Chok Tong and Indonesian President Abdurrahman Wahid in January this year during the former's visit to Jakarta. The report said the Singapore government is willing to guarantee an offtake if private companies could develop the necessary infrastructure including building a pipeline linking Riau to Singapore. BERNAMA |
| (Post 47 of 2015) 06/29/2000.07:55:00 |
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Ex-Bonus price for Poh Lian should be S$0.40. Right? |
| (Post 48 of 2015) 06/29/2000.13:09:00 |
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Big boy now time to buy or sell? |
| (Post 49 of 2015) 06/29/2000.15:21:00 |
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Hi Why the sudden drop in price for Poh Lian ? Anyone would advise me ? Thanks |
| (Post 50 of 2015) 06/29/2000.15:44:00 |
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Wuhuaguo Poh Lian just went ex-bonus. Its last done price before it went ex-bonus was 60 cents. Since the bonus is 1 for 2, that means if you had 2 shares at the end of the cum-bonus period, you would get 1 free share. 2 shares x 60c =$1.20. Divide $1.20 by 3 to get 40 cents as the theoretical ex-bonus price. Based on this, then, Poh Lian is now actually up 1 cent to 41, not down. |
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