[ Archive Home ]
Tuan Sing| [ Archive Home ] |
| Tuan Sing |
| Pages: 1 | 2 of 2 |
(Post 1 of 95) 11/19/1999.14:25:00 |
| Author : |
Hi all, I am currently holding on to Tuan Sing which bought at $0.5. Should I sell and cut loss or hold for appreciation. Your comment please. |
| (Post 2 of 95) 11/19/1999.22:07:00 |
| Author : |
Tuan Sing lost money last year. Half time 1999: eps - only 0.77c. May struggle to achieve eps of 1.5 c this year. Gul Tech (60% subsidiary) should be doing well. However, all other businesses will not be great this year. But, look out for much improved profits in Y2000. Its property, Australian hotel, PCB, and construction business should all enjoy a turnaround. May see eps of 3+ cents for next year. With a PER of 20 - 25, share price next year may rise to around 60 to 75 cents. Need some patience. |
| (Post 3 of 95) 11/20/1999.01:16:00 |
| Author : |
Hi Tbt001, Thanks for your comment. I do think that Tuan Sing has potential to move up. Let see that their Y2000 earning is within expectation. |
| (Post 4 of 95) 12/24/1999.03:40:00 |
| Author : |
TUAN SING HOLDINGS LIMITED The Board of Directors of Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that its wholly owned subsidiary, Grand Hotel Management Limited ("GHG") has on 17, 20 and 21 December 1999 acquired a total of 107,759 units in Grand Hotel Group ("GHG") on the Australian Stock Exchange. Together with the 43,091,146 units held by another of the Company's wholly-owned subsidiary, Tuan Sing (Australia) Pty Limited, the Company has an interest in 43,198,905 units (24.24%) of GHG. None of the Directors of Tuan Sing has any interest, direct or indirect, in the acquistion which is not expected to have material impact on the earnings of Tuan Sing. BY ORDER OF THE BOARD Liu Kamward Company Secretary 23 December 1999 Submitted by Liu Kamward, Company Secretary on 23/12/1999 to the SES |
| (Post 5 of 95) 12/29/1999.17:10:00 |
| Author : |
TUAN SING HOLDINGS LIMITED Announcement Of Appointment Of Director Date of appointment: 28/12/1999 Dec 28 1999 Name: Itjih Sjamsul Nursalim Age: 55 Country of principal residence: Indonesia Whether appointment is executive, and if so, the area of responsibility: Non-executive Working experience and occupation(s) during the past 10 years: Businesswoman and Company Director Other directorships Past: Present: Shareholding in the listed issuer and its subsidiaries: Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: With Director : Mother of Mr. William Susanto Nursalim and aunt of Mr Lei Huai Chin. With substantial shareholder : Wife of Mr Sjamsul Nursalim (Mr Liem Tek Siong), a substantial shareholder of Tuan Sing. A substantial shareholder of Nuri Holdings (S) Pte Ltd, a substantial shareholder of Tuan Sing. Mrs Nursalim is also herself a substantial shareholder of the Company. Conflict of interest: None Declaration: Nil Submitted by Liu Kamward, Company Secretary on 28/12/1999 to the SES |
| (Post 6 of 95) 01/14/2000.02:16:00 |
| Author : |
TUAN SING HOLDINGS LIMITED ANNOUNCEMENT The Board of Directors wishes to announce that, following its Masnet Announcement No 37 on 11 January 2000, the Company has been notified that the aggregate consideration for the acquisition of 24,000 units of Grand Hotel Group on 30 December 1999 was Australian Dollars 29,800,00. Submitted by Liu Kamward, Company Secretary on 13/01/2000 to the SGX |
| (Post 7 of 95) 02/01/2000.03:10:00 |
| Author : |
TUAN SING HOLDINGS LIMITED The Board of Directors of Tuan Sing Holdings Limited ("the Company") wishes to announce that its wholly-owned subsidiary, Grand Hotel Management Limited, has acquired 20,000 units in Grand Hotel Group ("GHG") on the Australian Exchange, each on 19 January 2000 and on 27 January 2000, respectively. Together with the exisitng 43,222,905 units held, the Company has an interest in 43,262,905 units (24.32%) of GHG. None of the Directors of the Company has any interest, direct or indirect, in the acquisition, which is not expected to have any material impact on the earnings of the Company. BY ORDER OF THE BOARD Liu Kamward Submitted by Liu Kamward, Company Secretary on 31/1/2000 to the SES |
| (Post 8 of 95) 02/16/2000.21:26:00 |
| Author : |
In my humble opinion, Tuan Sing is basically a play of both electronic (due to its subsidiary GulTech) + property (its core business) component. Categorically, it's listed under Multi-Industry. Somehow, its electronic component is never recognised, considering its current low price + low volume. I think that Tuan Sing will only start to move when interest returns again to the property counters. However, the big Question mark is when ... ??? If there's really a return of sentiment to property sector, then its additional electronic component will stand it in very good stead to ride the uptrend. |
| (Post 9 of 95) 02/17/2000.10:20:00 |
| Author : |
Zest, u are right. Tuan Sing follows the prop sector very closely but it could suprise all of us as it is expected to post a very good set of results. |
| (Post 10 of 95) 02/17/2000.16:39:00 |
| Author : |
hi; just adding some comments. TA wise, it looks good for tuan sing...one of the few penny counters linked with electronic (Gul tech) and has not been played....watch carefully rgrds mlee |
| (Post 11 of 95) 02/24/2000.04:12:00 |
| Author : |
TUAN SING HOLDINGS LIMITED The Board of Directors of Tuan Sing Holdings Limited (the "Company") wishes to announce that its wholly owned subsidiary, Grand Hotel Management Limited, has on 18 February 2000 acquired 100,000 units in Grand Hotel Group ("GHG") on the Australian Exchange at an average cost price of A$1.37 per unit. Together with the existing 43,262,905 units held, the Company has an interest in 43,362,905 units (24.37%) of GHG. None of the Directors of the Company has any interest, direct or indirect, in the acquisition, which is not expected to have any material impact on the earnings of the Company. Submitted by Liu Kamward, Company Secretary on 23/02/2000 to the SES |
| (Post 12 of 95) 03/17/2000.21:15:00 |
| Author : |
TUAN SING HOLDINGS LIMITED The Board of Directors of Tuan Sing Holdings Limited (the "Company") wishes to announce that its wholly-owned subsidiary, Grand Hotel Management Limited, had made various purchases during the period from 24 February to 10 March 2000 and acquired a total of 311,172 units in Grand Hotel Group ("GHG") on the Australian Exchange at an average cost price of A$1.32 per unit. Together with existing 43,362,905 units held, the Company has an interest in 43,674,077 units (24.55%) of GHG. None of the Directors of the Company have any interest, direct or indirect , in the acquisition, which is not expected to have any material impact on the earnings of the Company. Submitted by See Yen Tarn, Executive Director on 17/03/2000 to the SES |
| (Post 13 of 95) 06/06/2000.01:00:00 |
| Author : |
Tuan Sing 1999 net profit pre-extras 11.360 mln sgd vs loss 83.898 mln Tuan Sing Holdings Ltd 1999 results: Net profit pre-extras - 11.360 mln sgd vs 83.898 mln Sales - 482.607 mln sgd 575.908 mln Opg profit - 54.955 mln sgd vs loss 35.801 mln EPS (pre-extras) - 1.00 cents vs loss 7.38 cents Final div - nil, unchanged In a statement releasing its results, the company said it expects to continue to be profitable in the year 2000. It said its focus for the property division in Singapore is the proposed development of two freehold sites in Leedon Park and Adam/Shelford Road and on improving the occupancies of its investment properties. It said it will also expedite the construction of the subsequent phases of its Xin Shen Gardens in China. In Australia, it said its 26 hotels are well positioned to take advantage of any upswing in line with the Sydney Olympics, Centenary of Federation of Ausralia and the Commonwealth Heads of Government Meeting. On its construction division, the company said demand for the current year is expected to contract further and this will affect operating margins and profitability. The division does not expect to be profitable in the near term, it said. The company will continue to restructure its construction operations and at the same time look to utilise equipment offshore and seek strategic alliances with partners that can add value to the business. Revenue growth for the year 2000 from the manufacturing division is expected to improve with Gul Technolgies' increase in manufacturing capacity. Its plant in China started oeprations in the fourth quarter last year while the Singapore plant is expected to double its inner layer capacity in the third quarter this year. |
| (Post 14 of 95) 04/09/2000.05:37:00 |
| Author : |
TUAN SING HOLDINGS LIMITED The Board of Directors of Tuan Sing Holdings Limited (the "Company") wishes to announce that its wholly-owned subsidiary, Grand Hotel Management Limited, had made various purchases during the period from 24 March to 4 April 2000 and acquired a total of 70,000 units in Grand Hotel Group ("GHG") on the Australian Exchange at an average cost price of A$1.29 per unit. Together with existing 43,694,077 units held, the Company has an interest in 43,764,077 units (24.60%) of GHG. None of the Directors of the Company has any interest, direct or indirect , in the acquisition, which is not expected to have any material impact on the earnings of the Company. Submitted by See Yen Tarn, Executive Director on 07/04/2000 to the SES |
| (Post 15 of 95) 05/12/2000.04:18:00 |
| Author : |
Increase of Shareholding in Grand Hotel Group Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 10 May 2000, made additional acquisition of 5,000 units in the Grand Hotel Groupp from the open market at A$1.2777 per unit (the "Acquisition"). The Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.67%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 11/05/2000 to the SES |
| (Post 16 of 95) 05/16/2000.03:20:00 |
| Author : |
Increase of Shareholding in Grand Hotel Group Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 17 April and 12 May 2000, made additional acquisitions of 5,000 units each in the Grand Hotel Group from the open market at A$1.24 and A$1.266 per unit respectively (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.67%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 15/05/2000 to the SES |
| (Post 17 of 95) 05/23/2000.04:01:00 |
| Author : |
Increase of Shareholding in Grand Hotel Group Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 19 May 2000, made additional acquisition of 20,569 units in the Grand Hotel Group from the open market at A$1.20 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.68% The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 22/05/2000 to the SES |
| (Post 18 of 95) 05/25/2000.02:07:00 |
| Author : |
Increase of Shareholding in Grand Hotel Group Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 22 May 2000, acquired 15,392 additional units in the Grand Hotel Group from the open market at A$1.20 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.69%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 24/05/2000 to the |
| (Post 19 of 95) 05/27/2000.05:20:00 |
| Author : |
Increase of Shareholding in Grand Hotel Group Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 24 and 25 May 2000, acquired additional 10,000 units at A$1.21 per unit and 15,000 units at A$1.20 per unit respectively in the Grand Hotel Group from the open market (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.71%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 26/05/2000 to the SES |
| (Post 20 of 95) 06/02/2000.07:01:00 |
| Author : |
Increase of Shareholding in Grand Hotel Group Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 31 May 2000, acquired 35,000 additional units in the Grand Hotel Group from the open market at A$1.20 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.73%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 01/06/2000 to the SES |
| (Post 21 of 95) 06/27/2000.06:22:00 |
| Author : |
Increase of Shareholding in Grand Hotel Group Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 22 June 2000, acquired 20,000 additional units in the Grand Hotel Group from the open market at A$1.20 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.74%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 26/06/2000 to the SGX |
| (Post 22 of 95) 06/29/2000.06:14:00 |
| Author : |
Increase of Shareholding in Grand Hotel Group Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 26 June 2000, acquired 15,000 additional units in the Grand Hotel Group from the open market at A$1.12 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.75%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 28/06/2000 to the SGX |
| (Post 23 of 95) 07/04/2000.16:38:00 |
| Author : |
Why did Tuan Sing remain stagnant when its subsidiary (GulTech) is moving??? |
| (Post 24 of 95) 07/04/2000.16:40:00 |
| Author : |
Why did Tuan Sing remain stagnant when its subsidiary (GulTech) is moving??? |
| (Post 25 of 95) 07/07/2000.02:01:00 |
| Author : |
Increase of Shareholding in Grand Hotel Group Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 30 June 2000, acquired 25,000 additional units in the Grand Hotel Group from the open market at A$1.10 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.76%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 06/07/2000 to the SGX |
| (Post 26 of 95) 07/12/2000.20:15:00 |
| Author : |
Tuan Sing, the next property-related cheap cheap penny stock to move??? |
| (Post 27 of 95) 09/26/2000.03:01:26 |
| Author : |
Increase of Shareholding in Grand Hotel Group
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 22 September 2000, acquired 20,000 additional units in the Grand Hotel Group from the open market at A$1.17 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.77%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 25/09/2000 to the SGX |
| (Post 28 of 95) 09/28/2000.02:23:26 |
| Author : |
Tuan Sing H1 net profit 5.724 mln sgd vs 4.506 mln
SINGAPORE (AFX-ASIA) - Tuan Sing Holdings Ltd six months to June results: Net profit - 5.724 mln sgd vs 4.506 mln Sales - 198.853 mln sgd vs 163.172 mln Pretax profit - 9.673 mln sgd vs 11.04 mln EPS - 0.50 cents vs 0.40 Interim div - nil; unchanged In a statement, the company said it expects to remain profitable in the full year, although the results for the second half are likely to be lower due to the continuing poor outlook for the construction industry and lower profit recognition from the property division's development projects. |
| (Post 29 of 95) 09/28/2000.03:58:38 |
| Author : |
Increase of Shareholding in Grand Hotel Group
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 26 September 2000, acquired 13,000 additional units in the Grand Hotel Group from the open market at A$1.17 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.78%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 27/09/2000 to the SGX |
| (Post 30 of 95) 11/03/2000.03:06:55 |
| Author : |
Tuan Sing May Sell Gul Tech Stake?
Source : Dow Jones 15:36 02/11/2000 [Dow Jones] SINGAPORE: Property and construction company Tuan Sing Holdings (T24) may want to sell all or part of its 50% stake in Gul Technologies (545) as latter has little business in common with parent's core competency, say dealers. "Tuan Sing may be seeking to lock in cash profits," at a time when interest in technology companies beginning to heat up, after US$2.4 billion Solectron-NatSteel Electronics (N14) deal, says dealer at local brokerage. Tuan Sing shares up 5.3% at 20 Singapore cents; Gul Tech up 9.6% at S$1.14.(PUJ) |
| (Post 31 of 95) 11/23/2000.12:42:01 |
| Author : |
Is the selling of Gultech true? I heard that they are talking with Pextex on this?  |
| (Post 32 of 95) 11/24/2000.11:30:52 |
| Author : |
Reproduced with permission from GK Goh
23/11/00, 2:10 pm by Kerryn Tay from Vantage Point team There are rumours of a S$1.70 offer price to take over this 60.25%-owned subsidiary of Tuan Sing. Market talk has it that world’s second largest EMS Flextronics is the interested buyer, but Tuan Sing is only willing to let go at significantly higher price level. The link is conceivable as Gul Tech’s PCB operation is complimentary to Flextronics’ EMS in facilitating a one-stop solution. Also, both companies share a similar pool of key customers such as Cisco and Ericsson. |
| (Post 33 of 95) 12/08/2000.01:35:22 |
| Author : |
Increase of Shareholding in Grand Hotel Group
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 4 December 2000, acquired 79,000 additional units in the Grand Hotel Group from the open market at A$1.16 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.82%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2000. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 07/12/2000 |
| (Post 34 of 95) 12/22/2000.16:05:36 |
| Author : |
Tuan Sing to restructure SPP Ltd
Source : AFX SINGAPORE 11:26 22/12/2000 SINGAPORE (AFX-ASIA) - Tuan Sing Holdings Ltd said it will restructure its loss-making construction arm, SPP Ltd, in a deal that will increase Tuan Sing's stake in SPP to 80.19 pct from 61.02 pct. Tuan Sing said it will convert to equity the 17.04 mln sgd loan SPP Ltd owes the company by subscribing to 131.094 mln new SPP shares at 0.13 sgd each. Tuan Sing said it is buying SPP Properties from SPP for 1.24 mln sgd and at the same time will sell Globaltraco International Pte Ltd, a tyre distributor, to SPP Ltd for 5.40 mln sgd. SPP Ltd will pay for the Globaltraco acquisition by issuing a further 41. 53 mln new shares to Tuan Sing at 0.13 sgd each, it said. To facilitate the transactions, Tuan Sing said SPP Ltd will reduce its issued and paid-up capital to 8.92 mln sgd divided into 178,366 mln new shares with a par value of 0.05 sgd each from 44.59 mln sgd comprising of 178. 366 mln shares with a par value of 0.25 sgd each. At 11:08 am, both SPP and Tuan Sing were untraded. SPP last traded at 0. 115 sgd, while Tuan Sing last traded at 0.18 sgd. |
| (Post 35 of 95) 12/28/2000.17:39:48 |
| Author : |
Research reproduced with permission from Ong Co
Tuan Sing ($0.17) : HOLD Restructuring Of SPP Ltd Tuan Sing Holdings has proposed a restructuring exercise for its 61%-owned SPP Ltd. The plan is intended to strengthen the latter’s financial position and to diversify its revenue stream. SPP has fallen victim to the weak construction industry – plagued by weak and shrinking contract value. It reported a net loss of $7.9m for the half-year ended 30 June 2000. Management is optimistic that the construction industry will recover towards the end of 2001. When the restructuring exercise is completed in about six months’ time (subject to approval from shareholders, SGX and High Court), Tuan Sing’s stake in SPP will be raised to 80.2%. While this will further strengthen Tuan Sing’s control over SPP, it will also reduce the latter’s free float in the market. As part of the restructuring move, SPP will undertake a capital reduction exercise to reduce its par value from 25 cents to 5 cents. This will effectively cancel $35.7m of its share capital which is no longer represented by available assets. Under the restructuring exercise, Tuan Sing will capitalise shareholder loans of $17.0m owed by SPP in exchange for 131.1m new SPP shares at 13 cents each. Tuan Sing will also acquire SPP Properties from SPP - for $1.24m cash (which is equivalent to its adjusted NTA as at 30 June 2000). SPP Properties’ core asset comprises two freehold land measuring 2,740 sq m at No. 7 Harrison Road on which the Harrison Industrial Building is sited. It recorded a pre-tax profit of $0.42m in FY99. At the same time, SPP will acquire Globaltraco International from Tuan Sing for $5.4m. This will be funded by the issue of 41.5m new SPP shares at 13 cents each. Globaltraco is engaged in the trading of tyres and related products and registered a pre-tax profit of $1.1m in FY99. The restructuring and capital reduction exercises will have a positive effect on SPP’s financial status. The loan capitalisation and sale of property will greatly improve its financial leverage from a heavily geared position to a slight net cash position. As for earnings impact, we feel that the divestment of SPP Properties and the acquisition of Globaltraco could have a negative impact on SPP’s profitability in the short term judging from Globaltraco’s projected EBITDA of $1m for FY2001. Globaltraco’s pre-tax profit for FY2001 is unlikely to match its FY99’s level of $1.1m. In other words, earnings prospects of Globaltraco appear to be weak. While efforts are taken to diversify SPP’s earnings base, we feel that more could be done as SPP is still heavily reliant on the construction industry and the newly acquired tyre business is not expected to make a major contribution to its bottom line. Unless the state of the construction market improves, we believe that SPP’s earnings and financial position would continue to come under pressure and its dependence on Tuan Sing for financial support would remain a drag. SELL for SPP. For Tuan Sing, SPP’s restructuring deal will have little effect on its asset backing and gearing but will dampen its earnings as a result of an enlarged share of operating losses from SPP. By annualising its first-half EPS of 0.3 cents (adjusted for the restructuring), Tuan Sing’s implied PER for 2000 works out to be 30x. Against its book NTA of 31.3 cents, it is now trading at a 42.5% discount. HOLD for Tuan Sing. Finanical Impact On SPP Before Transactions / After Transactions FY 1999 Loss per share (cents) 4.20 1.83 For the six months ended 30 June 2000 Loss per share (cents) 4.44 2.08 As at 31 December 1999 Book NTA ($'000) 17,702 38,114 NTA per share (cents) 9.92 10.86 Net borrowings/(cash) ($'000) 27,017 (900) Gearing (%) 151.36 n.a. As at 30 June 2000 Book NTA ($'000) 9,880 30,495 NTA per share (cents) 5.54 8.69 Net borrowings/(cash) ($'000) 25,314 (494) Gearing (%) 256.21 n.a. Financial Impact On Tuan Sing Before Transactions / After Transactions FY 1999 Earnings per share (cents) 1.60 1.50 For the six months ended 30 June 2000 Earnings per share (cents) 0.41 0.30 As at 31 December 1999 NTA per share (cents) 30.71 30.64 As at 30 June 2000 NTA per share (cents) 31.51 31.30 |
| (Post 36 of 95) 02/06/2001.18:27:48 |
| Author : |
Members' Voluntary Winding-Up of Subsidiaries
The Board of Directors of Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that at extraordinary general meetings held on 6 February 2001 of Flagship Trading Pte ("Flagship") and TS Sales Pte Ltd ("TS Sales"), both of which are wholly-owned subsidiaries of Tuan Sing, special resolutions were passed for the members' voluntary winding-up of Flagship and TS Sales and to appoint Mr Lim Say Wan of 8 Robinson Road, #08-00 Cosco Building, Singapore 048544 as the liquidator to conduct the winding-up of the two said companies from that date. Submitted by Lareina Yap Chu Han, Group Company Secretary on 06/02/2001 |
| (Post 37 of 95) 03/03/2001.10:48:21 |
| Author : |
   To all Tuan Sing investors
Good News coming out soon ..... the right time to accumulate this share now, will get a returned of 20% within three weeks. Time will tell if i am right or wrong :> :> :> so just watch |
| (Post 38 of 95) 03/22/2001.01:22:19 |
| Author : |
Interested Person Transactions with the Tuan Sing Group
SPP Limited ("SPP") wishes to announce that the value of its Threshold 2 interested person transaction ("IPT") and the aggregate value of its two Threshold 1 IPTs with the Tuan Sing Group for the current financial year ending 31 December 2001, being the interests payable on the various loan facilities from the Tuan Sing Group, are estimated to be $635,000 and $650,000 respectively. Based on the latest published audited consolidated accounts of the SPP Group for the financial year ended 31 December 1999, the net tangible assets of the Group was approximately $17.7 million. Accordingly, for the purposes of Chapter 9A of the Listing Manual of the Singapore Exchange Securities Trading Limited, Threshold 1 would be $531,000 and Threshold 2 would be $885,000 for the SPP Group for the current financial year. Threshold 2 IPT In June 1999, pursuant to a credit agreement, Superluck Properties Pte Ltd ("Superluck"), a wholly-owned subsidiary of Tuan Sing Holdings Limited ("Tuan Sing"), extended to SPP and its eight subsidiaries loan facilities for its general working capital. Superluck is a wholly-owned subsidiary of Tuan Sing, a substantial shareholder of SPP. The loan facilities are secured against all of the issued share capital of Bored Piling (Pte.) Ltd., a wholly-owned subsidiary of SPP. Superluck made the advance to the SPP Group at a rate equivalent to its costs of funds for the advance. As part of the Tuan Sing Group, Superluck was able to obtain banking and credit facilities at a more favourable rate of interest and extend the facilities as an inter-company loan to the SPP Group. It is thus advantageous for SPP to obtain the advance from Superluck rather than directly from the banks. SPP is 61% owned by Tuan Sing. The value of SPP's Threshold 2 IPT with the Tuan Sing Group for the current financial year ending 31 December 2001 is estimated to be $635,000. There has not been any other Threshold 2 transaction entered into with the Tuan Sing Group since the beginning of this year todate. Threshold 1 IPTs In May 2000, Superluck extended additional loan facilities to the SPP Group. Further, in conjunction with the SPP Group's proposed restructuring and capital reduction exercise, it was announced on 21 December 2000 that Tuan Sing was committed to provide financial facilities of up to $9 million for the SPP Group's working capital for the financial year 2001 to further ensure the ongoing operation of the SPP Group. The advances were made or will be made to the SPP Group at a rate equivalent to the Tuan Sing Group's cost of funds for the advances. The aggregate value of SPP's two Threshold 1 IPTs with the Tuan Sing Group for the current financial year ending 31 December 2001 is estimated to be $650,000. There has not been any other Threshold 1 transaction entered into with the Tuan Sing Group since the beginning of this year todate. Proposed Loan Capitalisation As stated in SPP's announcement of 21 December 2000, SPP has entered into, inter alia, a conditional loan capitalisation agreement with Tuan Sing to capitalise existing inter-company loans of an aggregate principal amount and accrued interest thereon of $17.04 million as at 30 September 2000. The interest costs to the SPP Group of the loan facilities from the Tuan Sing Group will be reduced on completion of the loan capitalisation. The loan capitalisation and certain other transactions relating to the restructuring of the SPP Group are subject to shareholders' approval at an extraordinary general meeting of SPP to be held on 16 April 2001. Audit Committee's Statement The audit committee of SPP is of the view that the terms of the above transactions are on normal commercial terms and are not prejudicial to the interests of SPP's shareholders. Directors' and Substantial Shareholders' Interests Save as disclosed, none of the Directors or substantial shareholders of SPP have any interest, direct or indirect, in the above loan facilities. Submitted by Lareina Yap Chu Han, Group Company Secretary on 21/03/2001 |
| (Post 39 of 95) 04/12/2001.21:59:13 |
| Author : |
INCREASE OF SHAREHOLDING IN GRAND HOTEL GROUP
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 11 April 2001, acquired 20,755 additional units in the Grand Hotel Group from the open market at A$1.08 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.88%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2001. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 12/04/2001 |
| (Post 40 of 95) 04/18/2001.11:50:04 |
| Author : |
wah lau,under ibra? |
| (Post 41 of 95) 04/26/2001.20:28:35 |
| Author : |
Increase of shareholding in Grand Hotel Group
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 20 and 23 April 2001, acquired 40,380 and 31,147 additional units respectively in the Grand Hotel Group from the open market at A$1.10 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 24.92%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2001. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition Submitted by Lareina Yap Chu Han, Group Company Secretary on 26/04/2001 |
| (Post 42 of 95) 04/27/2001.20:51:42 |
| Author : |
Increase of shareholding in Grand Hotel Group
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 24 and 26 April 2001, acquired 28,473 and 279,245 additional units respectively in the Grand Hotel Group from the open market at A$1.10 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 25.09%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2001. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 27/04/2001 |
| (Post 43 of 95) 05/11/2001.17:48:09 |
| Author : |
Increase of shareholding in Grand Hotel Group
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 3 and 10 May 2001, acquired 14,751 and 330,000 additional units in the Grand Hotel Group from the open market at A$1.09 and A$1.10 per unit respectively (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 25.43%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2001. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 11/05/2001 |
| (Post 44 of 95) 06/01/2001.22:11:02 |
| Author : |
Profit Warning Announcement
The Board of Directors of Tuan Sing Holdings Limited ("TSH") would like to refer to TSH's full-year financial statement announcement for the year ended 31 December 2000 made on 23 March 2001, wherein the Directors stated in their commentary on current year prospects that, "Barring unforeseen circumstances, the Directors expect TSH Group to achieve a similar level of profit as in 2000, or possibly lower if there is no significant upturn in the electronics industry." Since that announcement, the slowdown in the US economy and the dramatic drop in global electronics sales has deepened and significantly impacted the operations of Gul Technologies Singapore Ltd, TSH Group's listed principal subsidiary. In view of the continuing global downturn in the electronics industry, which is showing little evidence of improvement, coupled with weaker than expected conditions in the Singapore property market and ongoing sluggishness in the Singapore construction industry, the Directors expect that TSH Group's first half 2001 revenue will be lower than the corresponding period in 2000, and that the Group will incur a net loss for the first half-year period ending 30 June 2001. TSH's half-year results for the six months ending 30 June 2001 will be announced by the end of September 2001. Submitted by Lareina Yap Chu Han, Group Company Secretary on 01/06/2001 |
| (Post 45 of 95) 06/01/2001.22:11:38 |
| Author : |
Increase of shareholding in Grand Hotel Group
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 31 May 2001, acquired 52,000 additional units in the Grand Hotel Group from the open market at A$1.13 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 25.46%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2001. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 01/06/2001 |
| (Post 46 of 95) 06/04/2001.23:45:21 |
| Author : |
INCREASE OF SHAREHOLDING IN GRAND HOTEL GROUP
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 1 June 2001, acquired 18,000 additional units in the Grand Hotel Group from the open market at A$1.13 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 25.47%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2001. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by See Yen Tarn, Director on 04/06/2001 |
| (Post 47 of 95) 06/05/2001.21:22:01 |
| Author : |
INCREASE OF SHAREHOLDING IN GRAND HOTEL GROUP
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 4 June 2001, acquired 50,000 additional units in the Grand Hotel Group from the open market at A$1.14 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 25.50%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2001. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by See Yen Tarn, Director on 05/06/2001 |
| (Post 48 of 95) 06/06/2001.21:38:56 |
| Author : |
INCREASE OF SHAREHOLDING IN GRAND HOTEL GROUP
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 5 June 2001, acquired 7,841 additional units in the Grand Hotel Group from the open market at A$1.13 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 25.50%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ended 31 December 2001. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap, Group Company Secretary on 06/06/2001 |
| (Post 49 of 95) 06/08/2001.23:27:45 |
| Author : |
Increase of Shareholding in Grand Hotel Group
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 6 June 2001, acquired 89,398 additional units in the Grand Hotel Group from the open market at A$1.14 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 25.55%. The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2001. None of the substantial shareholders or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap Chu Han, Group Company Secretary on 08/06/2001 |
| (Post 50 of 95) 06/18/2001.21:15:32 |
| Author : |
INCREASE OF SHAREHOLDING IN GRAND HOTEL GROUP
Tuan Sing Holdings Limited ("Tuan Sing") wishes to announce that Grand Hotel Management Limited, its wholly-owned subsidiary in Australia, had on 12 and 14 June 2001, acquired 50,000 and 80,000 additional units respectively in the Grand Hotel Group from the open market at A$1.13 per unit (the "Acquisition"). The Grand Hotel Group is listed on the Australian Stock Exchange Limited and the Acquisition has increased Tuan Sing's interest in the Grand Hotel Group to 25.63% The Acquisition is not expected to have a material impact on the earnings per share and net tangible asset per share of Tuan Sing for the current financial year ending 31 December 2001. None of the substantial shareholder or directors of Tuan Sing has any interest in the Acquisition. Submitted by Lareina Yap, Group Company Secretary on 18/06/2001 |
| Pages: 1 | 2 of 2 |
|
Copyright © 2005 ShareInvestor Pte Ltd. All Rights Reserved. Please read our General Disclaimer & Warning carefully. Use of this Website constitutes acceptance of the Terms of Website Use. For Members, please read our Membership Terms and Conditions carefully. |
Design by InfiniteSparks
|