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(Post 1 of 79) 02/01/2000.01:42:00 |
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TIH - Symmetric brkout on low volume  - Technical objective targeting towards $1.24(+/-) (note - brkout on low volume not convincing) - "Dead Cross" observed, adding bearish signals. Cautiously Avoid. |
| (Post 2 of 79) 03/08/2000.22:39:00 |
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This counter is the biggest investment mistake I made. Bought during IPO at $5. Along came currency crisis. Now I avoid any investment costing more than $2.5 |
| (Post 3 of 79) 03/09/2000.00:10:00 |
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Tsl, me in the same boat, got this $5.00 xxit at IPO, now also avoiding anything above $2.00 |
| (Post 4 of 79) 03/15/2000.03:10:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD Notice Of Substantial Shareholder's Interests . Name of substantial shareholder: PANTHEON ASIA FUND LIMITED Date of notice to company: 14/03/2000 Date of change of interest: NIL Name of registered holder: CDP : THE DEVELOPMENT BANK OF SINGAPORE LIMITED Circumstance giving rise to the change: Open market purchase No. of shares of the change: 73,000 % of issued share capital: 0.1825 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: NOT PROVIDED No. of shares held before change: 3,755,000 % of issued share capital: 9.3875 No. of shares held after change: 3,828,000 % of issued share capital: 9.57 Submitted by THAM SHOOK HAN, COMPANY SECRETARY on 14/03/2000 to the SES |
| (Post 5 of 79) 03/18/2000.21:55:00 |
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it's just one more week guys, hang in there. downside is virtually nil... |
| (Post 6 of 79) 03/27/2000.18:45:00 |
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a little more patience people... soon. |
| (Post 7 of 79) 03/27/2000.19:11:00 |
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oH..I also got it at IPO price. Only consolation is I got one lot when my fd got 5. I think I need to hold this till I am 65... Biggest mistake.. should have cut loss when it starts trading at 4.50 when virtually all IPO surge at opening huh... |
| (Post 8 of 79) 03/27/2000.20:52:00 |
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This company is almost fully invested. Heard from my broker, a bumper harvest is expected. Possible bonus issue in the pipeline with the last capital reduction exercise. I stand corrected with a pinch of salt. |
| (Post 9 of 79) 03/27/2000.21:23:00 |
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The harvest will come from a HK investment, which deals in the internet/technology sector. C&T. Results later than expected due to some unanticipated accounting delays. Bonus issue is not for certain, though if should materialise, probably 1-1 bonus followed by 1-1 stock split. making it 1-4. The only headache we're having now is to guess how much unrealised gains will go to P&L and how much to revaluation reserve. |
| (Post 10 of 79) 03/27/2000.23:27:00 |
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How about NTA as a starting point? Have vested interest |
| (Post 11 of 79) 03/28/2000.21:11:00 |
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dmithe Investment Manager had clearly painted bright prospects |
| (Post 12 of 79) 03/28/2000.21:13:00 |
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Newyork! Newyork, your "faded rose from the days gone-by" is back in fashion again! Transpac Industrial Holdings:- Extracts of financial result for year ending Dec-1999. ============================================================= Net Profits of $18.579m for 1999 -------------------------------- versus a LOSS of $61.745m for 1998 Earning per share of 46.45c for 1999 ---------------------------- versus a LOSS of $1.54 in 1998 Net tangible asset backing per share improves to $3.25 for 1999 --- versus $2.58 in 1998. Dividend declared:- None for 1999 and likewise back in 1998 During the year from 1 January 1999 to 31 December 1999, the Company made a gain of S$11.15 million from the sale of investments. 7. Review of the performance of the company and its principal subsidiaries] For the financial year ended 31 December 1999, the Company made a profit before income tax of S$18.67 million as compared to a loss of S$61.94 million in 1998. The 1999 profit before taxation comprises operating income (net of expenses) of S$10.82 million and a write-back of S$7.85 million in the market values of quoted investments, which we had written down in prior years. The balance of unrealised gain in the value of its quoted investments totalling S$8.06 million has been recognised in the Investment Revaluation Reserve. 8. Commentary on current year prospects The Company has sold its investment in Computer and Technologies Holdings Ltd, a company listed on the Hong Kong Stock Exchange, during the period from November 1999 to February 2000, realising total profits of S$23.75 million on cost of S$2.04 million. Of the gains, S$8.74 million have been recognised in 1999 and the balance of S$15.01 million will be recognised in 2000. For the past two years, the Company has been focusing on improving the value of its investments and the result has been encouraging. Several investee companies are expected to be listed in the near future. Some of the investments that were previously written down are showing signs of recovery. The Investment Manager is hopeful that further realisations from the Company's portfolio will substantially offset losses incurred in prior years. My Comments:- 1) At today(28-March) closing price of $1.63 for TIH, it is trading at a PE ratio of ONLY 3.5x ! and also trading at a 50% discount to Net Tangible Assets of $3.25 per share. As the Investment Manager had clearly painted bright prospects going forward, I would expect earnings for financial year 2000 to improve further...meaning the share at present price is very attractive. However for buyers of TIH shares, it is important that you have strong holding power as this counter can be extremely illiquid, it's total issued shares is only 40m, and a large chunk of it could already be tightly "controlled". 2) On 13 Dec 1999, the Company passed a resolution for capital reduction to reduce the Parvalue per share from $5 to $0.50 per share to cancel part of the paid-up share capital. Application for capital reduction has been submitted to the High Court and the Company expects to receive confirmation of the capital reduction from the High Court soon. ===> I believe company is planning a Cash Call (Right Issue), as new shares cannot be priced below ParValue, I am still expecting the company to do a cash calls once above Capital reduction excercise is sanction by the courts. 3) With recoveries of most Asian economies (where most of TIH investments are parked), the outlook for TIH looks promising and further upward re-ratings for TIH is likely as more of its investee companies mature and get listed. NB:- I have vested interests in TIH, but have NOT taken any fresh positions within the last half-year. Below comments is intended (hopefully) to give those of you troubled over losses & investing style/approach some comfort:- an idea that holding onto paper losses for a year or two is not that uncommon and so long as fundamental biz of underlying companies are doing well...there is no purpose for you to lose sleep... Way back in 1998, I have cut loss on TIH as I expect alot of TIH's investments in Thailand & Indonesia to become worthless. In 1999 I accum back some positions after TIH had taken on a massive write-offs (eg. it's entire Indonesia investments were written down to just S$1 ), Buys:- ??/03/99 2*0.86 30/06/99 10*1.71 26/08/99 5*1.25 >>>>> And all these were sitting on paper losses for much of the last 12 months. >>>>> My current average Costs are now at around $1.50 each, Should the current share price of TIH dun fly away, I will be looking to accumulate more, however I will NOT be chasing the share price as it is just not my habit to chase. Another case:- More recently I also bought into NOL at $1.90, then its $1.75, $1.60, $1.55 .... have not done anything since but meanwhile NOL price sunk further to $1 before rebounding back to current $1.50 level in the last couple of weeks. If NOL can maintain its earnings of 15c-17c per share for coming financial period, it is not that difficult for price to revisit upper ranges of $2 in the months ahead. Ofcourse if you are able to time your entry at the basement and exit at the top, there's great, I have try doing this for many years and have since given up trying....preferring more towards an averaging approach and have found that time is my greatest ally and seldom fails for stocks with great fundamentals. |
| (Post 13 of 79) 03/28/2000.21:30:00 |
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Bought 2 lots today at 1.57 on New York's recommedation. The first 2000 shares done for the day, and it didn't look back. Thanks, JacKy! |
| (Post 14 of 79) 03/28/2000.22:41:00 |
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Transpac Results was generally within expectations and forward looking statements are positive. Share price will probably move slightly tomorrow but don't expect any significant surge though... But over the next 12 months market will re-rate it as events unfold. This one clearly not for short-term players. - 15mln profits already confirmed to be booked this year (37cents/shr). - More investments to be listed soon (one from Taiwan, another Australia, more perhaps...) - Investments written off could be recovered (Indonesian Telco investment SG4mln+ worth) - Bonus issue plans foiled by High Court delay in sanctioning capital reduction. As far as I know, mgmt has no plans to raise additional funds. They did mentioned it. Anyway, balance sheet is 32mln cash on 31 Dec. 1999 and could be 45mln+ cash today. (ex-C&T sale) |
| (Post 15 of 79) 03/29/2000.06:31:00 |
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Transpac Indus FY Net S$18.6M Vs S$61.7M Loss Transpac Industrial Ltd. - 1999 Net Profit S$18,579,000 vs (S$61,745,000) Pretax Profit 18,669,000 vs (61,943,000) Investment Income 11,147,000 vs (6,473,000) Per Share Net Profit 46.45 cts vs (154.36 cts) Dividend omitted omitted |
| (Post 16 of 79) 03/29/2000.07:28:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD Notice Of Substantial Shareholder's Interests . Name of substantial shareholder: PANTHEON ASIA FUND LIMITED Date of notice to company: 28/03/2000 Date of change of interest: NOT GIVEN Name of registered holder: CDP : THE DEVELOPMENT BANK OF SINGAPORE LIMITED Circumstance giving rise to the change: Open market purchase No. of shares of the change: 139,000 % of issued share capital: 0.3475 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: NOT PROVIDED No. of shares held before change: 3,956,000 % of issued share capital: 9.89 No. of shares held after change: 4,095,000 % of issued share capital: 10.2375 Submitted by THAM SHOOK HAN, COMPANY SECRETARY on 28/03/2000 to the SES |
| (Post 17 of 79) 04/01/2000.10:00:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD Notice Of Substantial Shareholder's Interests . Name of substantial shareholder: TEMASEK HOLDINGS (PRIVATE) LIMITED Date of notice to company: 31/03/2000 Date of change of interest: 29/03/2000 Name of registered holder:\b}CDP : DBS NOMINEES (PTE) LTD } Circumstance giving rise to the change:Sales in open market at own discretion No. of shares of the change: 100,000 % of issued share capital: 0.25 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: S$1.6000 No. of shares held before change: 2,590,000 % of issued share capital: 6.475 No. of shares held after change: 2,490,000 % of issued share capital: 6.225 Submitted by THAM SHOOK HAN, COMPANY SECRETARY on 31/3/2000 to the SES |
| (Post 18 of 79) 04/05/2000.05:56:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD Notice Of Substantial Shareholder's Interests . Name of substantial shareholder: TEMASEK HOLDINGS (PRIVATE) LIMITED Date of notice to company: 04/04/2000 Date of change of interest: 30/03/2000 Name of registered holder:CDP: DBS NOMINEES (PTE) LTD Circumstance giving rise to the change:Sales in open market at own discretion No. of shares of the change: 30,000 % of issued share capital: 0.075 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: S$1.6017 No. of shares held before change: 2,490,000 % of issued share capital: 6.225 No. of shares held after change: 2,460,000 % of issued share capital: 6.15 Submitted by THAM SHOOK HAN, COMPANY SECRETARY on 04/04/2000 to the SES |
| (Post 19 of 79) 04/06/2000.06:57:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD Notice Of Substantial Shareholder's Interests . Name of substantial shareholder: PANTHEON ASIA FUND LIMITED Date of notice to company: 05/04/2000 Date of change of interest:NOT GIVEN Name of registered holder:CDP: THE DEVELOPMENT BANK OF SINGAPORE LIMITED Circumstance giving rise to the change:Open market purchase No. of shares of the change: 184,000 % of issued share capital: 0.46 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: NOT PROVIDED No. of shares held before change: 4,095,000 % of issued share capital: 10.2375 No. of shares held after change: 4,279,000 % of issued share capital: 10.6975 Submitted by THAM SHOOK HAN, COMPANY SECRETARY on 05/04/2000 to the SES |
| (Post 20 of 79) 04/09/2000.04:49:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD The Directors of TIH wish to announce that the High Court of the Republic of Singapore has today confirmed the reduction of the nominal value of each ordinary share ("Share") in the capital of Transpac Industrial Holdings Limited ("TIH" or the "Company") from S$5.00 to S$0.50 each (the "Capital Reduction Exercise"). Shareholders of the Company had approved the Capital Reduction Exercise at the Extraordinary General Meeting of the Company held on 13 December 1999. The Capital Reduction Exercise will become effective when the Company lodges a copy of the Order of Court confirming the Capital Reduction Exercise with the Registrar of Companies and Businesses of Singapore (the "RCB"). The Company expects to lodge the Order of Court with the RCB on 28 April 2000 (the "Effective Date"). The Shares will have a par value of S$0.50 each (the "S$0.50 Shares") on and from the Effective Date and the listing of and quotation for the S$0.50 Shares, in place of the same number of the original Shares with a par value of S$5.00 each, will commence with effect from 9.00 a.m. on 2 May 2000. Issue of New Share Certificates Depositors having Shares standing to the credit of their Securities Accounts need not take any action. Shareholders who have deposited their physical share certificates for the Shares ("Old Share Certificates") with The Central Depository (Pte) Limited ("CDP") at least five (5) Market Days prior to the Effective Date also need not take any action. The Company will arrange with CDP to facilitate the exchange of Old Share Certificates for share certificates for the $0.50 Shares ("New Share Certificates") pursuant to the Capital Reduction Exercise. Shareholders who hold Old Share Certificates and wish to deposit the same with CDP and have their S$0.50 Shares credited to their Securities Accounts must deposit their Old Share Certificates with CDP no later than five (5) Market Days prior to the Effective Date. The procedures for depositing the Old Share Certificates with the CDP are detailed on pages 7 and 8 of the circular to shareholders dated 16 November 1999 issued in connection with the Capital Reduction Exercise. After the Effective Date, CDP will only accept for deposit share certificates for Shares which reflect a par value of S$0.50 each. Shareholders who have not deposited their Old Share Certificates with the CDP and do not wish to deposit their Old Share Certificates with CDP are advised to forward all their Old Share Certificates to the Company's share registrar ("Share Registrar") as follows:- Lim Associates (Pte) Ltd 10 Collyer Quay, #19-08 Ocean Building, Singapore 049315 as soon as possible but in any event not later than five (5) Market Days after the Effective Date for cancellation and exchange for New Share Certificates. No receipt will be issued by the Share Registrar for the receipt of the Old Share Certificates tendered. The New Share Certificates will be sent by ordinary mail to the registered addresses of the Shareholders at their own risk within fifteen (15) Market Days from the Effective Date or the date of receipt of the Old Share Certificates, whichever is the later. Shareholders should note that New Share Certificates will not be issued to Shareholders unless their Old Share Certificates have been tendered to the Share Registrar for cancellation. Please notify the Share Registrar if you have lost any of your existing Old Share Certificates or if there is a change in your address from that reflected in the Register of Shareholders. The Register of Shareholders for the S$0.50 Shares will be maintained at the address of the Share Registrar as set out above. BY ORDER OF THE BOARD Caroline Chan Tham Shook Han Company Secretaries 7 April 2000 Submitted by CAROLINE CHAN, COMPANY SECRETARY on 07/04/2000 to the SES |
| (Post 21 of 79) 04/11/2000.12:05:00 |
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Circular No. LM/629/2000 Subject : TRANSPAC INDUSTRIAL HOLDINGS LTD Capital Reduction Exercise to reduce par value of the Company's shares ("shares") from $5.00 to $0.50 each From : Vice President, Trading Management Date : 04/10/2000 1. The High Court has confirmed the Capital Reduction Exercise and the Company will file the court order with the Registrar of Companies and Businesses on 28 April 2000. 2. Trading of the Shares will be in the new par value of 50 cents each with effect from 9.00 a.m., Tuesday, 2 May 2000. Buyers of Shares transacted on or after 26 April 2000 will be credited with Shares in the new par value of 50 cents. 3. (I) Shareholders whose shares are deposited with the Central Depository (Pte) Ltd The above shareholders need not take any action. (II) Shareholders holding physical share certificates Shareholders who hold physical share certificates in their own names ("old share certificate') and who wish to deposit share certificates after 28 April 2000 ("Effective Date") must first deliver their old certificates to Lim Associates (Pte) Ltd ("Share Registrar") at 10 Collyer Quay #19-08 Ocean Building, Singapore 049365. The share certificate reflecting the new par value of $0.50 each ("New Share Certificate") will be sent by ordinary mail to the registered addresses of the Shareholders at THEIR OWN RISK within fifteen (15) Market Days from the date of receipt of the Old Share Certificates. Last modified by SESXSVR/SESX on 04/10/2000 05:33:38 PM |
| (Post 22 of 79) 04/13/2000.02:46:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD Notice Of Substantial Shareholder's Interests . Name of substantial shareholder: PANTHEON ASIA FUND LIMITED Date of notice to company: 11/04/2000 Date of change of interest: NOT GIVEN Name of registered holder:CDP: THE DEVELOPMENT BANK OF SINGAPORE LIMITED Circumstance giving rise to the change: Open market purchase No. of shares of the change: 109,000 % of issued share capital: 0.2725 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: NOT PROVIDED No. of shares held before change: 4,279,000 % of issued share capital: 10.6975 No. of shares held after change: 4,388,000 % of issued share capital: 10.97 Submitted by THAM SHOOK HAN, COMPANY SECRETARY on 11/04/2000 to the SES |
| (Post 23 of 79) 04/13/2000.02:47:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD Notice Of Substantial Shareholder's Interests . Name of substantial shareholder: TEMASEK HOLDINGS (PRIVATE) LIMITED Date of notice to company: 11/04/2000 Date of change of interest: 07/04/2000 Name of registered holder:CDP: DBS NOMINEES (PTE) LTD Circumstance giving rise to the change: Sales in open market at own discretion No. of shares of the change: 70,000 % of issued share capital: 0.175 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: S$1.57 No. of shares held before change: 2,460,000 % of issued share capital: 6.15 No. of shares held after change: 2,390,000 % of issued share capital: 5.975 Submitted by THAM SHOOK HAN, COMPANY SECRETARY on 11/04/2000 to the SES |
| (Post 24 of 79) 04/18/2000.05:14:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD Notice Of Substantial Shareholder's Interests . Name of substantial shareholder: TEMASEK HOLDINGS (PRIVATE) LIMITED Date of notice to company: 17/04/2000 Date of change of interest: 13/04/2000 Name of registered holder:CDP: DBS NOMINEES (PTE) LTD Circumstance giving rise to the change:Sales in open market at own discretion No. of shares of the change: 200,000 % of issued share capital: 0.5 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: S$1.59795 No. of shares held before change: 2,390,000 % of issued share capital: 5.975 No. of shares held after change: 2,190,000 % of issued share capital: 5.475 Submitted by THAM SHOOK HAN, COMPANY SECRETARY on 17/04/2000 to the SES |
| (Post 25 of 79) 04/18/2000.05:17:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD Notice Of Substantial Shareholder's Interests . Name of substantial shareholder: PANTHEON ASIA FUND LIMITED Date of notice to company: 17/04/2000 Date of change of interest: 14/04/2000 Name of registered holder:CDP: THE DEVELOPMENT BANK OF SINGAPORE LIMITED Circumstance giving rise to the change:Open market purchase No. of shares of the change: 253,000 % of issued share capital: 0.6325 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: NOT PROVIDED No. of shares held before change: 4,388,000 % of issued share capital: 10.97 No. of shares held after change: 4,641,000 % of issued share capital: 11.6025 Submitted by THAM SHOOK HAN, COMPANY SECRETARY on 17/04/2000 to the SES |
| (Post 26 of 79) 04/20/2000.08:25:00 |
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TRANSPAC INDUSTRIAL HLDGS LTD We wish to advise the Net Tangible Asset Value of the Company as at 31 March 2000 as follows: Net Tangible Asset Value S$ 145,924,113 Net Tangible Asset Value Per Share S$ 3.65 Submitted by Caroline Chan, Company Secretary on 19/04/2000 to the SES |
| (Post 27 of 79) 04/23/2000.20:40:00 |
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Market meltdown sank this one as well. Really fortuitous timing that their positive news come about the same time with the downshaft. Think that Temasek selling spree is nearly the end. Pantheon not interested in chasing it up either. Could linger around 1.55 ~ 1.65 for some time. They have 50mln cash now and a break of tradition, they'll be focusing on Technology investments. Dividends mentioned, this interim most likely. |
| (Post 28 of 79) 04/23/2000.23:54:00 |
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Newyork Don't you think this situation is good? Good in that it provides a window of opportunity for you and those with interest in this counter to nibble. |
| (Post 29 of 79) 05/05/2000.13:37:00 |
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Hi folks, Have not done much trading last few months(eyeing Wall nervously). Last wednesday 3/5/00, itchy fingers bought some Transpac shares @$1.62, representing about 1% of my capital. Target $2.42 hopefully within 4 months. No inside info, I just like the shape of its long term chart(triangle). The directors are blue chips; Hsuan Owyang, Ng Ser Ming(AA, I think). So no funny business, I hope. This counter is illiquid, so not for contra or short term player. If Wall St. collapse, and everything come down with it; since it is 1% of my holding, I will hold it for the next bull, 5 yrs, 10 yrs forever. Not an inducement to trade, just sharing the strategy of a long term investor(opposite to short term speculators). I am still about 70% liquid REGARDS AND GOOD TRADING! |
| (Post 30 of 79) 10/17/2000.02:31:22 |
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NET TANGIBLE ASSET VALUE AS AT 30 SEPTEMBER 2000
We wish to advise the Net Tangible Asset Value of the Company as at 30 September 2000 as follows: Net Tangible Asset Value S$ 135,408,129 Net Tangible Asset Value Per Share S$ 3.39 Submitted by Caroline Chan, Company Secretary on 16/10/2000 to the SGX |
| (Post 31 of 79) 10/19/2000.02:32:16 |
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Transpac to invest 11 mln usd to keep 50 pct stake in China co
SINGAPORE (AFX-ASIA) - Transpac Industrial Holdings Ltd said it will be spending 11 mln usd to keep its 50 pct stake in a consultancy company based in China. Beijing Standard Investment Consultant Co Ltd, where it has a 50 pct stake, will be merged with Standard International Co Ltd. The combined entity will be called Sesame Seed Group Ltd, with Standard International contributing its business and assets, Transpac said. Sesame Seed will mainly be involved in providing consultancy services to foreign companies planning to put up operations in China, it said. Transpac was untraded. It was last traded at 1.51 sgd. |
| (Post 32 of 79) 10/19/2000.04:22:04 |
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New Joint Venture Company - Sesame Seed Group Limited
Transpac Industrial Holdings Ltd ("the Company" or "TIH") is pleased to announce its investee company, Beijing Standard Investment Consultant Co Ltd ("BSI") which provides consulting services to foreign companies intending to start up operations in China will be merged with Standard International (Tianjin Development Zone) Company Limited ("SI") via a newly formed single purpose holding company Sesame Seed Group Limited ("SSG"). SI will contribute its business and assets to SSG. The Company will contribute US$11 million (about S$19 million) to retain its 50% stake in SSG. Hitherto, SI and TIH are equal joint venture partners in BSI. SI mainly engages in corporate finance and management consultancy primarily to local companies in China, including project incubation, financial restructuring, private equity fund raising and preparing Chinese companies for public listings. Through such activities, it has accumulated equity positions and options in a number of burgeoning Chinese companies that now will be part of the SSG's assets. SSG is expected to be a strong participant in the lucrative financial services market that is growing strongly with the advent of China's entry into the World Trade Organisation (WTO). Submitted by Tham Shook Han, Company Secretary on 18/10/2000 to the SGX |
| (Post 33 of 79) 10/25/2000.02:23:47 |
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NEW JOINT VENTURE - SESAME SEED GROUP LIMITED
We refer to our announcement made on 18 October 2000 in respect of the above investment. We wish to advise that the said investment will be financed internally by the Company. The consideration of US$11 million to maintain the Company's 50% stake in the restructured joint venture is based on the value of the business of Standard International (Tianjin Development Zone) Company Limited to be injected into the restructured joint venture. While the said investment is not expected to have any material effect on the earnings per share and net asset value of the Company in the immediate future and for the financial year ending 31 December 2000, the return on investment, over the longer term, is expected to be about 25% per annum. This transaction is made in the normal course of the Company's business and no director or substantial shareholder of the Company has any interest, direct or indirect in this investment. Submitted by Tham Shook Han, Company Secretary on 24/10/2000 to the SGX |
| (Post 34 of 79) 12/05/2000.00:18:34 |
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FURTHER INVESTMENT BY INVESTEE COMPANY, FOODSTAR HOLDINGS PTE LTD
Transpac Industrial Holdings Limited ("TIH" or "the Company") is pleased to announce that its investee company, Foodstar Holdings Pte Ltd ("Foodstar") will be acquiring the assets and brand names of Nanjing Jilun Soya Sauce Factory, which will be its first manufacturing and distribution operation in East China. The cost of the investment, approximately S$13.1 million has been arrived at on a willing buyer, willing seller basis. About S$3 million will be funded from Foodstar's internal resources and the balance of about S$10 million from its shareholders of which TIH's share will be approximately S$6.4 million. The said investment being made by Foodstar will not have any material effect on the earnings per share or net asset value of TIH in the immediate future. This transaction is made in the normal course of the Company's business and no director or substantial shareholder of the Company has any interest, direct or indirect in this investment. Submitted by Tham Shook Han, Company Secretary on 04/12/2000 |
| (Post 35 of 79) 12/05/2000.01:03:57 |
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Transpac unit buys Nanjing Jilun Soya Sauce Factory assets for 13.10 mln sgd
SINGAPORE (AFX-ASIA) - Transpac Industrial Holdings Ltd said its unit Foodstar Holdings Pte Ltd is buying the assets and brand names of Najing Jilun Soya Sauce Factory in East China for around 13.10 mln sgd. Of the total purchase price, around 3.0 mln sgd will be finance by Foodstar using internal resources, while the balance of 10.10 mln sgd will be contributed by Foodstar shareholders, of which 6.40 mln sgd will be contributed by Transpac. |
| (Post 36 of 79) 12/09/2000.17:26:35 |
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FURTHER INVESTMENT BY INVESTEE COMPANY, FOODSTAR HOLDINGS PTE LTD
We refer to our announcement dated 4 December 2000 and wish to advise that the consideration of $13.1 million to be paid by Foodstar Holdings Pte Ltd (the "Foodstar") and the Company for the business of Nanjing Jilun Soya Sauce Factory was derived from negotiations based on valuation performed by an independent third party. Nanjing Jilun Soya Sauce Factory produces soya sauce which are marketed under its own brand names and distributed in east China. The investment will increase Foodstar's existing soya sauce production capacity by approximately 50% as well as enhance its geographic coverage which hitherto has been confined to Guangdong Province only. Submitted by Chan Fong Chee Caroline, Company Secretary on 08/12/2000 |
| (Post 37 of 79) 01/31/2001.01:45:49 |
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Falling because of some bad news?
Or falling because some instituitions are getting impatient? Anyone has any idea?  |
| (Post 38 of 79) 04/18/2001.20:06:15 |
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NET TANGIBLE ASSET VALUE AS AT 31 MARCH 2001
We wish to advise the Net Tangible Asset Value of the Company as at 31 March 2001 as follows: Net Tangible Asset Value S$ 125,544,411 Net Tangible Asset Value Per Share S$ 3.14 Submitted by Caroline Chan, Company Secretary on 18/04/2001 |
| (Post 39 of 79) 10/11/2001.09:19:13 |
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TRANSPAC INDUSTRIAL HLDGS LTD
NET TANGIBLE ASSET VALUE AS AT 30 SEPTEMBER 2001 We wish to advise the Net Tangible Asset Value of the Company as at 30 September 2001 as follows: Net Tangible Asset Value S$ 126,691,351 Net Tangible Asset Value Per Share S$ 3.17 Submitted by Tham Shook Han, Company Secretary on 10/10/2001 to the SGX |
| (Post 40 of 79) 12/21/2001.09:38:21 |
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TRANSPAC INDUSTRIAL HLDGS LTD
Change Of Management of Fund Manager Transpac Industrial Holdings Limited ("TIH") announce that the management of its Investment Manager, Transpac Capital Pte Ltd. ("Transpac"), led by its President Dr. Christopher Leong, has today bought the 32% stake in Transpac owned by the Development Bank of Singapore Ltd ("DBS"). The management now has majority control of Transpac. Following the sale, directors on Transpac boards nominated by DBS Bank will resign, including Mr Hsuan Owyang, Chairman of Transpac since 1992. Mr Owyang will also resign as Chairman of TIH after 7 years tenure. The Board of TIH wish to thank Mr Owyang for his exemplary service and leadership and wish to place on record a note of appreciation for services rendered to both TIH and his fellow directors. Submitted by Tham Shook Han, Company Secretary on 20/12/2001 to the SGX |
| (Post 41 of 79) 12/21/2001.16:36:09 |
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TRANSPAC INDUSTRIAL HLDGS LTD
Change Of Management of Fund Manager Transpac Industrial Holdings Limited ("TIH") announce that the management of its Investment Manager, Transpac Capital Pte Ltd. ("Transpac"), led by its President Dr. Christopher Leong, has today bought the 32% stake in Transpac owned by the Development Bank of Singapore Ltd ("DBS"). The management now has majority control of Transpac. Following the sale, directors on Transpac boards nominated by DBS Bank will resign, including Mr Hsuan Owyang, Chairman of Transpac since 1992. Mr Owyang will also resign as Chairman of TIH after 7 years tenure. The Board of TIH wish to thank Mr Owyang for his exemplary service and leadership and wish to place on record a note of appreciation for services rendered to both TIH and his fellow directors. Submitted by Tham Shook Han, Company Secretary on 20/12/2001 to the SGX |
| (Post 42 of 79) 01/07/2002.08:54:48 |
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TRANSPAC INDUSTRIAL HLDGS LTD
Resignation Of Chairman and Director The Board of Directors of Transpac Industrial Holdings Limited ("TIH") wishes to announce the resignation of Mr Hsuan Owyang as Chairman and a Director of the Company with effect from 20 December 2001. The Board of TIH wishes to thank Mr Owyang for his exemplary service and leadership and wish to place on record a note of appreciation for services rendered to both TIH and his fellow directors. Submitted by Tham Shook Han, Company Secretary on 04/01/2002 to the SGX |
| (Post 43 of 79) 01/08/2002.13:45:24 |
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Can anybody tell me why this stock didn't run? It got all the quality for the stock to run
1) NTA over $3 2) Invest in food business in China 3) Most investment are in China But it is trading at $1.35. only. Why why? why trading so much below NTA???? |
| (Post 44 of 79) 01/08/2002.14:30:11 |
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Hopeless Management. You have got a bunch of value destroyer rather than value creator. Fortunately I got out, cut loss at $4 plus. It's true the stock price is undervalued. Don't touch this stock unless you are very patient or a new management is in place. |
| (Post 45 of 79) 01/22/2002.18:38:22 |
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TRANSPAC INDUSTRIAL HLDGS LTD
Election of Chairman, Resignation Of Director The Board of Directors of Transpac Industrial Holdings Limited ("TIH") is pleased to announce that Mr Lock Sai Hung has been appointed as Chairman of the Company with effect from 17 January 2002. Mr Lock has been a Director of TIH since 11 August 1994 and brings with him several years of experience as a Director with experience in the private equity industry. The Board of TIH also regret to inform you that Mr Ang Kong Hua has resigned as a Director with effect from 11 January, 2002. The Board wishes to thank Mr Ang Kong Hua for his contributions to TIH and wish to place on record a note of appreciation for services rendered to both TIH and his fellow directors. Submitted by Tham Shook Han, Company Secretary on 22/02/2002 to the SGX |
| (Post 46 of 79) 02/01/2002.09:07:54 |
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TRANSPAC INDUSTRIAL HLDGS LTD
Appointment Of Audit Committee Member The Board of Directors of Transpac Industrial Holdings Limited ("TIH") wishes to announce that Mr Liong Tong Kap has been appointed as a member of the Audit Committee of the Company with effect from 29 January 2002. Mr Liong has been a Director of TIH since 12 April 2001. The Audit Committee comprises of the following 3 Directors: Mr Cheng Wai Keung - Chairman Mr Ng Ser Miang - Member Mr Liong Tong Kap - Member Mr Cheng Wai Keung and Mr Ng Ser Miang are independent directors of the Company. Mr Liong Tong Kap is a non-executive director of the Company. Submitted by Tham Shook Han, Company Secretary on 31/01/2002 to the SGX |
| (Post 47 of 79) 02/01/2002.09:40:36 |
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TRANSPAC INDUSTRIAL HLDGS LTD
Announcement Of Appointment Of Chairman Date of appointment: 17 Jan 2002 Name: Lock Sai Hung Age: 60 Country of principal residence: Singapore Whether appointment is executive, and if so, the area of responsibility: Non Executive Working experience and occupation(s) during the past 10 years: 1. Managing Director, Insurance Corporation of Singapore Ltd (ICS) (1986 to Dec. 1994) 2. Advisor & Director ICS, (Jan - Dec 1995) 3. Independent Financial Consultant (1996 to date) Other directorships Past: 1. Singapore General Hospital Pte Ltd 2. Medicare Specialist Centre Sdn Bhd 3. SMEhome.com Pte Ltd 4. Singapore Health Services Pte Ltd 5. DCS On-Line Information Technology (S) Pte Ltd 6. DCS Solutions Ltd Present: 1. General Securities Trading Pte Ltd (In Members' Voluntary Liquidation) 2. General Securities Investments Ltd (In Member's Voluntary Liquidation) 3. Seruan Irama Sdn Bhd 4. Equitrust Pte Ltd 5. Astral Selekta Sdn Bhd 6. Dovechem Terminals Holdings Ltd 7. Raffles Hospital Pte Ltd Shareholding in the listed issuer and its subsidiaries: None Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None Conflict of interest: None Declaration by a Director, Executive Officer or Controlling Shareholder as Required ( Per Appendix 15) - 1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ? No 1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner? No 1(c) Were you in the last 10 years a director or an executive director of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ? Yes Director of 1. RCMA Re Ltd 2. ICS Re Pte Ltd Both are under Schemes of Arrangement approved by the Courts. Resigned as Director on 21 March 1994. 2. Are there any unsatisfied judgements outstanding against you ? No 3. Have you been convicted of any offence, in SIngapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ? No 4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ? No 5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ? No 6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? No 7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company? No 8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ? No 9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company partnership occurring or arising during the period when you were so concerned with the company or partnership? No Submitted by Tham Shook Han, Company Secretary on 31/01/2002 to the SGX |
| (Post 48 of 79) 03/22/2002.10:47:09 |
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When will Money come to buy ? 
Will 2nd-half achieve EPS of some 15c a share ?? and will TIH pay any dividend this year ? how about 10c at least ??? we can only know, after its final results is announced. TIH is very ILLIQUID, and holding power is very very important... if you dun want to burn a hole in pocket TIH - titbits for 2nd-half And ===> TIH as a Longterm CHINA play |
| (Post 49 of 79) 03/27/2002.09:18:58 |
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TRANSPAC INDUSTRIAL HLDGS LTD
Auditors' Report In response to a request from the SGX, the Company is pleased to provide the Auditors' Report to the members of the Company as follows:- AUDITORS' REPORT TO THE MEMBERS OF TRANSPAC INDUSTRIAL HOLDINGS LIMITED We have audited the financial statements of Transpac Industrial Holdings Limited ("TIH") for the year ended 31 December 2001 as set out on pages 12 to 33 and the separate consolidated financial statements of the Company's legal subsidiary, Foodstar Holdings Pte Ltd and its subsidiaries for the financial year ended 31 December 2001, as attached from pages 34 to 67. These financial statements are the responsibility of the Company's directors. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Singapore Standards on Auditing. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the directors, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion: (a) the accompanying financial statements are properly drawn up in accordance with the provisions of the Singapore Companies Act (the "Act") and Singapore Statements of Accounting Standard and so as to give a true and fair view of: (i) the state of affairs of the Company and of the companies in the Group as at 31 December 2001 and of the results and cash flows of the Company and of the companies in the Group for the year ended on that date; and (ii) the other matters required by section 201 of the Act to be dealt with in the financial statements and in the consolidated financial statements; (b) the accounting and other records, and the registers required by the Act to be kept by the Company and by those subsidiaries incorporated in Singapore of which we are the auditors have been properly kept in accordance with the provisions of the Act. Without qualifying our opinion, we draw attention to: Note 2(b) to the Company's financial statements. The Company's presentation of consolidated accounts (as defined in section 209A of the Act) by attaching the separate consolidated financial statements of its subsidiaries is not in accordance with Statement of Accounting Standard No. 26 which requires the preparation of one set of consolidated financial statements for the Company and its subsidiaries. As the principal activity of the Company is to invest primarily in equity securities with the objective of realising substantial capital gain through disposal of the investments, and the investment in Foodstar Holdings Pte Ltd and its subsidiaries is held with the same objective, we are of the view that consolidation as one set of financial statements would not be meaningful and accordingly, we concur with the Company's presentation of consolidated financial statements. We have considered the financial statements and auditors' reports of all subsidiaries of which we have not acted as auditors, being financial statements included (whether separately or consolidated with other financial statements) in the consolidated financial statements. The names of these subsidiaries are stated in note 12 to the Company's financial statements. We are satisfied that the consolidated financial statements of the subsidiaries attached to the financial statements of the Company are in form and content appropriate and proper for the purposes of the preparation of the consolidated accounts (as defined in section 209A of the Act), and we have received satisfactory information and explanations as required by us for those purposes. The auditors' reports on the financial statements of the subsidiaries were not subject to any qualification and in respect of subsidiaries incorporated in Singapore did not include any comment made under section 207(3) of the Act. PricewaterhouseCoopers Certified Public Accountants Singapore 26 March 2002 Submitted by Tham Shook Han, Company Secretary on 26/03/2002 to the SGX |
| (Post 50 of 79) 04/17/2002.17:35:19 |
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TRANSPAC INDUSTRIAL HLDGS LTD
NET TANGIBLE ASSET VALUE AS AT 31 MARCH 2002 We wish to advise the Net Tangible Asset Value of the Company as at 31 March 2002 as follows: Net Tangible Asset Value S$ 126,664,521 Net Tangible Asset Value Per Share S$ 3.17 Submitted by Tham Shook Han, Company Secretary on 17/04/2002 to the SGX |
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