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(Post 1 of 16) 03/21/2000.05:55:00 |
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United Pulp FY Net S$3.6 Mln Vs Net S$3.4 Mln United Pulp & Paper Co. Year To Dec. 31: _____________1999_____1998 Net Profit S$3,606,000 S$3,355,000 Pretax Profit 4,779,000 4,924,000 Revenue 51,998,000 44,735,000 Per Share Net Profit 3.13 cents 2.91 cents Dividend 0.0075 cent 0.0075 cent |
| (Post 2 of 16) 04/26/2000.13:45:00 |
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Anybody can assist to comment why this stock is so quiet for past month. Thanks & Regards |
| (Post 3 of 16) 06/12/2000.21:14:00 |
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eka increase in pulp price recently does this company benefit |
| (Post 4 of 16) 09/02/2000.01:11:00 |
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United Pulp & Paper H1 net profit 1.662 mln sgd vs 1.554 SINGAPORE (AFX-ASIA) - United Pulp & Paper Co Ltd first half to June results: Net profit - 1.662 mln sgd vs 1.544 mln Sales - 31.981 mln sgd vs 23.662 mln Pretax profit - 2.391 mln sgd vs 2.301 mln EPS - 1.44 cents vs 1.35 Interim div - nil, unchanged In a statement, the company said it expects to maintain its current profitability in the second half even though it expects market conditions to remain competitive. The planned relocation of its paper mill and corrugated packaging operations to new plants in Kuala Selangor, Malaysia and Tuas View Crescent in Singapore should help improve efficiency and expand its core business, it said. |
| (Post 5 of 16) 11/27/2000.23:11:06 |
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UPI PAPER BOARD PTE LTD
The Board of Directors of United Pulp & Paper Company Limited ("UPP") wishes to announce that UPP has acquired 2 shares of S$1.00 each ("Shares") and subscribed for 63,000 Shares in the capital of UPI Paper Board Pte Ltd ("UPIPB") at par (the "Acquisition"), and Mr Kuo Wen-Tsai ("Kuo"), a Taiwanese citizen, has subscribed for 9,000 Shares in the capital in UPIPB at par, resulting in UPP and Kuo holding approximately 87.5% and 12.5% of the issued and paid-up share capital of UPIPB respectively. UPIPB was incorporated in Singapore on 2 November 2000 and its principal business is that of trading and dealing in paper products and paper of all kinds. The Acquisition will be funded by the UPP Group from internal funds. The Acquisition is not expected to have any material impact on the earnings per share or the net tangible asset per share of the UPP Group from the financial year ending 31 December 2000. None of the Directors or substantial shareholders of UPP has an interest, direct or indirect, in the Acquisition. BY ORDER OF THE BOARD TAY CHEE KEONG COMPANY SECRETARY 27 November 2000 |
| (Post 6 of 16) 12/13/2000.22:02:28 |
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MODERN PACKAGING INDUSTRIES PTE LTD
The Board of Directors of United Pulp & Paper Company Limited (the "Company") wishes to announce that the name of the Company's wholly-owned subsidiary, Modern Packaging Industries Pte Ltd, has been changed to "United Green-Industries Pte Ltd". Submitted by Tay Chee Keong, Company Secretary on 13/12/2000 |
| (Post 7 of 16) 01/13/2001.01:13:29 |
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*file*
Dec Norscan Pulp Producer Stks Seen Rising Above Normal Source : Dow Jones 12/01/2001 21:16 (This article was originally published Thursday) By Zahida Hafeez of DOW JONES NEWSWIRES CHICAGO (Dow Jones)--As pulp consumption continued to remain stagnant during the holiday season and Asian buyers remained absent, North American and Scandinavian pulp producer inventories are expected to have risen much above normal in December despite market related downtime during the month, experts said. In a Dow Jones Newswires survey of a handful of pulp analysts, inventories are seen increasing in December over November's levels by a range of 50,000 to 100,000 metric tons, although most analysts withheld precise forecasts. The 10-year average change between November and December inventories is a decline of 55,000 to 58,000 tons. While producers are thought to have taken most of the downtime announced at the end of October in December, lower consumption levels could have led to inventory accumulation, analysts argued. On a global basis, less than 200,000 tons of the total 600,000 tons of planned production cutbacks to balance the market reportedly took place in November. At the end of November, inventory levels rose much above average by 135,000 tons to 1.651 million tons. "There is very little demand out there," said a consultant based in Montreal. "People have stopped buying. I know some who invoiced only 60% of their normal business." Paper producers, who are the largest consumers of pulp, bought very little, seeking to remove the softness in their own markets. "Uncoated and coated freesheet producers reduced consumption and reduced stocks, so producers were hit with a double whammy," the Montreal consultant said. Weakness in certain paper grades has persisted for the past several months, and the high energy prices have not left the paper mills unscathed, in turn contributing to further declines in pulp consumption. The Montreal consultant expects December levels will rise between 50,000 to 100,000 tons. Stephen Atkinson, analyst with BMO Nesbitt Burns Inc. in Montreal said, "My guess is that there will be an increase (in inventory levels) not only because of demand or downtime taken by paper mills, but because of destocking by consumers." Atkinson said that paper producers such as Asia Pulp and Paper Co. (PAP) shut down paper mills, adding to reduced consumption. "We've stopped shipping to China altogether," he said. Asian buyers are expected to return by February, after the Chinese New Year. With market related downtime taken by major producers in Canada during the month, Atkinson said he believes the increase in December stocks should not be a great one, however. Forest products analyst Rob Duncan of Research Capital Corp. in Toronto, who believes that inventories will increase in December, warns, "It's anticipated that Norscan inventories will continue to rise unless there is increased buying, especially out of Asia," Only twice in the last 10 years did inventories increase in December - during the years 1995 and 1997, Duncan noted. And given the market's weak fundamentals, Duncan isn't bullish on prices sustaining at current levels. Meanwhile, expectations of lower pulp prices is what caused consumers to stall buying. The list price for the benchmark Northern Bleached Softwood Kraft pulp is at $710 a metric ton, and in order to prevent price erosion, Duncan estimates producers will need to take about 1.2 million tons more of production downtime within the next three to four months. |
| (Post 8 of 16) 02/07/2001.23:26:36 |
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ANNOUNCEMENT IN COMPLIANCE WITH CLAUSE 902(3)(C) OF THE LISTING MANUAL
Pursuant to Clause 902(3)(c), the Board of Directors of the Company wishes to announce that no persons occupying managerial positions in the Company or any of its principal subsidiaries are related to any Director or substantial shareholder of the Company or any of its principal subsidiaries. Submitted by Adrian Chan Pengee/Leong Shiao Yee, Joint Company Secretaries on 07/02/2001 |
| (Post 9 of 16) 03/22/2001.21:19:50 |
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CLARIFICATION OF ANNOUNCEMENT ON 16 MARCH 2001
Further to our announcement on 16 March 2001, we would like to clarify the following :1. There was a decline in the pre-tax profits of the Corrugated Packaging Division from S$2,226,000 to S$1,986,000 despite an increase in turnover from S$18,095,000 to S$20,042,000 as the Corrugated Packaging Division operated in a very competitive market marked by lower selling prices against rising trends in raw materials prices. Although the competitive market had an impact on the Division's profitability, aggressive marketing and emphasis on customer services resulted in an 11% increase in turnover. 2. The turnover and pre-tax profits of the Recycled Fibre Division, which commenced operations in September 1999, increased because the results for the financial year ended 31 December 2000 was for a full year as compared with four months for the financial year ended 31 December 1999. Submitted by Tay Chee Keong, Company Secretary on 22/03/2001 |
| (Post 10 of 16) 07/13/2001.21:56:00 |
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JOINT VENTURE IN RELATION TO UNITED TRIPAP SDN BHD
The Board of Directors of United Pulp & Paper Company Limited (the "Company") wishes to announce that its 87.5%-owned subsidiary, United Paper Board (M) Sdn Bhd ("UPB"), had on 12 July 2001 entered into a joint venture agreement (the "Agreement") with Tripap Resources Sdn Bhd ("Tripap") and Mr Lee Tin Kong ("LTK") to carry on the business of marketing, trading and selling products which are manufactured, processed or semi-processed by UPB. The business will be carried on through a joint venture company incorporated in Malaysia, United Tripap Sdn Bhd ("UTSB"). UTSB currently has an authorised share capital of RM1,000,000 and an issued share capital of RM2. Tripap, a company incorporated in Malaysia, carries on the business of supplying and dealing in all types of paper and paper products. LTK, who holds 70% of the issued share capital of Tripap, has 15 years' experience and knowledge in dealing with the marketing, sales, trading and converting of all types of industrial paperboards in Malaysia. Pursuant to the Agreement, the issued share capital of UTSB following completion of the Agreement shall be RM500,000, with Tripap and LTK collectively holding 30% of the issued share capital of UTSB, and UPB holding 70%. Completion of the Agreement is conditional upon the approval of the Foreign Investment Committee of Malaysia for the subscription of the shares in UTSB upon terms and conditions acceptable to the parties to the Agreement being obtained. The entry into the Agreement is not expected to have any material impact on the earnings per share or the net tangible asset per share of the Company and its subsidiaries for the financial year ending 31 December 2001. None of the Directors of the Company has an interest, direct or indirect, in the Agreement. The Company is not aware of any substantial shareholders of the Company having an interest, direct or indirect, in the Agreement. Submitted by Tay Chee Keong, Company Secretary on 13/07/2001 |
| (Post 11 of 16) 01/09/2002.10:01:03 |
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UNITED PULP & PAPER CO. LTD
ANNOUNCEMENT IN COMPLIANCE WITH CLAUSE 902(3)(C) OF THE LISTING MANUAL Pursuant to Clause 902(3)(c), the Board of Directors of the Company wishes to announce that no persons occupying managerial positions in the Company or any of its principal subsidiaries are related to any Director or substantial shareholder of the Company or any of its principal subsidiaries. Submitted by Tay Chee Keong, Company Secretary on 08/01/2002 to the SGX |
| (Post 12 of 16) 05/07/2002.16:39:13 |
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UNITED PULP & PAPER CO. LTD
Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Thirty-Fifth Annual General Meeting of United Pulp & Paper Company Limited will be held at The Conference Room, No. 35 Tuas View Crescent, Singapore 637608 on Thursday, 23 May 2002 at 10.00 a.m. for the following business : ORDINARY BUSINESS 1. To receive and adopt the Directors' Report and Audited Accounts for the year ended 31 December 2001. (Resolution 1) 2. To declare a Final Dividend for the year ended 31 December 2001. (Resolution 2) 3. To approve the payment of Directors' Fees. (Resolution 3) 4. To re-elect Mr Lim Shook Kong as a Director retiring under Article 98 of the Articles of Association of the Company. (Resolution 4) 5. To re-elect Mr Sieh Kok Jiun as a Director retiring under Article 98 of the Articles of Association of the Company. (Resolution 5) 6. To re-elect Mr Teng Kim Chuan as a Director retiring under Article 98 of the Articles of Association of the Company. (Resolution 6) 7. To re-appoint Messrs Ernst & Young as Auditors of the Company and authorise the Directors to fix their remuneration. (Resolution 7) SPECIAL BUSINESS 8. To consider and, if thought fit, to pass the following Resolutions with or without modification as Ordinary Resolution : "That pursuant to Section 161 of the Companies Act, Cap. 50, approval be and is hereby given to the Directors to exercise full powers of the Company to allot, issue or otherwise dispose of shares in the Company pursuant to the exercise of options granted in connection with or pursuant to the terms and conditions of the United Pulp & Paper Company Limited Share Option Scheme approved by shareholders in general meeting on 17 January 1994 (and amended by the shareholders in general meeting on 11 September 1999) and as may be further amended from time to time (the "Scheme") (notwithstanding that such allotment and issue may occur after the conclusion of the next or any ensuing annual general meeting of the Company) and, in connection with the Scheme, to make and grant offers, agreements and options which would or may require shares to be allotted, issued or otherwise disposed of, whether during the continuance of this authority or thereafter, upon such terms and conditions as the Directors may in their absolute discretion deem fit." (Resolution 8) 9. Any other ordinary business which may be transacted at an Annual General Meeting. BY ORDER OF THE BOARD TAY CHEE KEONG Company Secretary 7 May 2002 NOTES : (i) A member of the Company entitled to attend and vote at the above Meeting may appoint not more than two proxies to attend and vote in his stead. (ii) Where a member appoints two proxies, he shall specify the proportion of his shareholdings to be represented by each proxy. A proxy need not be a member of the Company. (iii) The instrument appointing a proxy must be deposited at the Registered Office of the Company not less than 48 hours before the time appointed for holding the Meeting. (iv) If the member is a corporation, the instrument appointing the proxy must be under seal or the hand of an officer or attorney duly authorised. EXPLANATORY NOTE TO RESOLUTION 4 Mr Lim Shook Kong, if re-elected, will remain as Chairman of the Audit Committee. He is considered by the Board of Directors to be an independent Director. EXPLANATORY NOTE TO RESOLUTION 5 Mr Sieh Kok Jiun, if re-elected, will remain as a member of the Audit Committee. He is considered by the Board of Directors to be an independent Director. EXPLANATORY NOTE TO SPECIAL BUSINESS : Resolution 8 above, if passed, gives authority to the Directors of the Company to issue shares in connection with the Scheme and, whilst this approval remains in force, to grant offers, agreements and options which could require shares to be issued (notwithstanding that such issue may take place after the expiration of this approval). A copy of the rules of the Scheme is available for inspection by shareholders during normal office hours at the Company's registered office at No. 35 Tuas View Crescent, Singapore 637608. Submitted by TAY CHEE KEONG, COMPANY SECRETARY on 07/05/2002 to the SGX |
| (Post 13 of 16) 05/22/2002.14:12:25 |
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UNITED PULP & PAPER CO. LTD
REPLY TO SGX QUERY 22 May 2002 Singapore Exchange Securities Trading Limited 2 Shenton Way #19-00 SGX Centre 1 Singapore 068804 Attention: Mr Andrew Li Vice President Head, Market Surveillance and Enforcement Dear Sir SUBSTANTIAL INCREASE IN PRICE ON THE EXCHANGE We refer to your letter dated 21 May 2002 regarding the substantial increase in the price of our shares on the Exchange recently. We would advise that neither the Company nor any of its directors are aware of any undisclosed recent development affecting the Company which would account for the unusual trading price. Yours faithfully Mr Teng Kim Chuan For and On behalf of the Board of Directors of United Pulp & Paper Co. Ltd Submitted by Tay Chee Keong, Company Secretary on 22/05/2002 to the SGX |
| (Post 14 of 16) 05/23/2002.14:15:09 |
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UNITED PULP & PAPER CO. LTD
THIRTY-FIFTH ANNUAL GENERAL MEETING HELD ON 23 MAY 2002 Pursuant to Clause 903(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited, United Pulp & Paper Company Limited (the "Company") wishes to advise that at the Thirty-Fifth Annual General Meeting of the Company held on 23 March 2002 at 10.00 a.m. (the "AGM"), the businesses of the AGM, ordinary and special, including the resolutions as set out in the notice of AGM on pages 55 and 56 of the 2001 Annual Report of the Company, have been duly passed by the members at the AGM. Submitted by Tay Chee Keong, Company Secretary on 23/05/2002 to the SGX |
| (Post 15 of 16) 07/08/2002.16:17:12 |
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UNITED PULP & PAPER CO. LTD
Notice Of Books Closure Date NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members will be closed from 5.00 p.m. on 26 July 2002 up to and including 28 July 2002 for the purpose of determining shareholders' entitlement to the final dividend of 1% less tax in respect of the financial year ended 31 December 2001 payable to shareholders on 8 August 2002. Submitted by Tay Chee Keong, Company Secretary on 08/07/2002 to the SGX |
| (Post 16 of 16) 07/08/2002.17:31:56 |
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UNITED PULP & PAPER CO. LTD
Notice Of Books Closure Date Furthur to the Announcement regarding Notice of Books Closure of United Pulp & Paper Co. Ltd (the "Company") on 8 July 2002, the Directors of the Company wish to announce that the tax rate applicable to the final dividend of 1% in respect of the financial year ended 31 December 2001 is 22%. Submitted by Tay Chee Keong, Company Secretary on 08/07/2002 to the SGX |
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