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(Post 1 of 44) 08/15/1999.17:45:00 |
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Hi all... Anyone ever interested in this penny stock, Tai Sin? I'm not particularly interested in this counter. However, I just wanna find out from you guys whether anyone of you knows of the company going to announce some good news etc... My close friend has a friend who is the relative of Tai Sin's boss. The relative claimed that Tai Sin gonna announce some good news and price will surge. My friend has already dumped quite a bit of money into this counter hoping for a big profit. Can anyone comment on the fundamentals and the TA of this company? Dun wanna my friend to suffer a big loss if that piece of news was fake. Thank you. |
| (Post 2 of 44) 08/15/1999.18:28:00 |
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Hi Ken, Find it not much difference to that of AFP, Hotung and a few other pennys that I've seen on charts. Judge yourself by the given chart  Rdgs(Hav made a late reply on Popular, did u saw it ?) |
| (Post 3 of 44) 08/15/1999.18:32:00 |
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Btw, someone also telling me Mayfran will roar to $0.90 by September this year I'm looking into it but of course, this is rumours, and I rather believe more TA (I've hurt myself on rumours too). I'm sure if rumours is true, there will be an outnrk pattern observed. Just my 0.2cents comment |
| (Post 4 of 44) 11/02/1999.08:53:00 |
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Monday, November 1 1:41 PM SGT Tai Sin Electric Cables Manufacturer Signs Agreement (Company disclosure to the Stock Exchange of Singapore on Oct 29, 1999.) The Board of Directors of Tai Sin Electric Cables Manufacturer Limited (the "Company") wishes to announce that the Company has today entered into a conditional Sale and Purchase Agreement (the "S&P Agreement") with Ms Hjh. Fatimah Binti Hj. Abdul Aziz @ Rose Bell and Messrs Chang Chai Woon and Wong Tim Kai (collectively, the "Vendors") pursuant to which the Company will acquire from the Vendors an aggregate of 1,356,652 ordinary shares of B$1.00 each ("Sale Shares") in PKS Sdn Bhd ("PKS") representing 70.0 per cent. interest in the issued and paid-up share capital of PKS (the "Acquisition"). PURCHASE CONSIDERATION The consideration for the Acquisition (the "Purchase Consideration") is $5.52 million or $4.07 for each Sale Share, and was agreed upon on a "willing-buyer-willing-seller" basis after taking into account the audited net tangible assets ("NTA") of PKS as at 31 December 1998 of approximately B$7.0 million. The Purchase Consideration of $4.07 for each Sale Share represents a premium of approximately 12.1 per cent. over the audited NTA of B$3.63 for each Sale Share based on an exchange rate of $1.00 : B$1.00. The Purchase Consideration will be satisfied in part by cash payment of $2.0 million from the Group's internal resources and the balance by the issue and allotment of an aggregate of 11,000,000 new ordinary shares of $0.10 each ("Consideration Shares") in the capital of the Company to the Vendors based on an agreed issue price of $0.32 per Consideration Share. The Consideration Shares will represent approximately 5.9 per cent. of the enlarged share capital of the Company immediately after the completion of the Acquisition. CONDITIONS PRECEDENT The completion of the S&P Agreement is conditional upon, inter alia:- (i) the approval of the Stock Exchange of Singapore Limited ("SES") for the listing and quotation of the Consideration Shares; (ii) the approval of members of the Company ("Members") for the Acquisition at a general meeting to be convened; (iii) all other consents and approvals required under the applicable laws in connection with the Acquisition; (iv) the completion of a due diligence review being carried out by the Company or its representatives on PKS to the satisfaction of the Company; and (v) there being no material adverse change in the financial condition of PKS from that as reflected in its audited financial statements for the financial year ended 31 December 1998 or its unaudited financial statements for the 8 months ended 31 August 1999. An application will be submitted to the SES for, inter alia, the listing and quotation of the Consideration Shares. A Circular setting out details of the Acquisition and the Diversification together with a notice of extraordinary general meeting to seek Members' approval for the aforesaid will also be despatched to Members in due course. Unless specifically waived by the Company, if any of the conditions precedent in the S&P Agreement is not fulfilled by 28 December 1999 (or such other date as the Company and the Vendors shall mutually agree in writing), the S&P Agreement shall ipso facto cease and determine and neither the Company nor any of the Vendors shall have any claim against the other for costs, damages, compensation or otherwise, save for a claim arising from antecedent breach of the terms thereof. INFORMATION ON PKS PKS was incorporated in Negara Brunei Darussalam on 18 April 1994 and is principally engaged in the manufacture and sale of electrical switchboards, feeder pillars and components. The shareholders of PKS who are also its directors are Ms Hjh. Fatimah Binti Hj. Abdul Aziz @ Rose Bell, Messrs Chang Chai Woon, Wong Tim Kai and Hj. Mas Farhan Bin Mas Emran. PKS has an authorised share capital of B$2,000,000 comprising 2,000,000 ordinary shares of B$1.00 each. Its present issued and paid-up share capital is B$1,938,073 comprising 1,938,073 ordinary shares of B$1.00 each. For the financial year ended 31 December 1998, the audited profit after taxation of PKS was B$1.1 million while the audited NTA of PKS as at 31 December 1998 was approximately B$7.0 million. RATIONALE FOR THE ACQUISITION AND DIVERSIFICATION Presently, the Group is principally engaged in the manufacturing of electrical wires and cables, and the dealing in such products. The Directors believe that the Acquisition will provide the Group with an opportunity to diversify into related businesses based on the following considerations:- (i) It is a natural extension to integrate upstream from the Group's manufacturing of electrical wires and cables into the related business of manufacturing of switchboards, feeder pillars and components. (ii) The Diversification will provide an opportunity for the Group to broaden and enhance its earnings and asset base. FINANCIAL EFFECTS OF THE ACQUISITION Based on the audited financial statements of the Group for the financial year ended 30 June 1999, the audited financial statements of PKS for the financial year ended 31 December 1998 and the unaudited management accounts of PKS for the 6 months ended 30 June 1998 and 1999, and assuming that the Acquisition had been completed on 1 July 1998 for earnings and on 30 June 1999 for NTA on a proforma basis, the financial effects before and after the Acquisition are as follows:- $'000 Before the Acquisition After the Acquisition Earnings 1,364 2,335 Earnings per share (cents) 0.83* 1.24* NTA 23,778 32,918 NTA per share (cents) 14.41** 17.51** Gearing (%) 12.41 Nil *Computed based on 165,000,000 ordinary shares of $0.10 each (the "Shares") in the capital of the Company as at 30 June 1999. **Computed on a proforma basis based on 188,000,000 Shares including the Consideration Shares and the 12,000,000 Shares which were issued pursuant to the private placement undertaken by the Company in July 1999 to, inter alia, fund the future business expansion of the Group as and when the opportunities arise. INTERESTS OF DIRECTORS AND SUBSTANTIAL SHAREHOLDERS None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the Acquisition. Submitted by Tan Shou Chieh, Secretary on 29/10/1999 to the SES |
| (Post 5 of 44) 12/16/1999.10:38:00 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED The Board of Directors of Tai Sin Electric Cables Manufacturer Limited ("TAI SIN") are pleased to announce that Tai Sin Electric Cables (Malaysia) Sdn. Bhd., a wholly-owned subsidiary in Malaysia, has increased its paid-up share capital from RM$1,403,074 to RM$2,500,000/- as a result of the Company subscribing for 1,096,926 new ordinary shares of RM$1/- each at par for cash. The additional investment is funded from the Company's internal resources. The above transaction is not expected to have any material effect on the earnings per share and net tangible assets per share of the TAI SIN Group in the current financial year ending 30th June 2000. None of the Directors or Substantial Shareholders of TAI SIN has any interest directly or indirectly (other than through the Company) in the above transaction. BY ORDER OF THE BOARD Mrs. Low nee Tan Leng Fong Tan Shou Chieh Secretaries Singapore, 15th December 1999 Submitted by Tan Shou Chieh, Secretary on 15/12/1999 to the SES |
| (Post 6 of 44) 02/23/2000.12:12:00 |
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Tai Sin Electric 1H Net S$0.2M Vs S$1.1M Net Profit - S$231,000 vs S$1,066,000 Pretax Profit - $480,000 vs $1,366,000 Revenue - $12,531,000 vs $12,155,000 Per Share Net Profit - 0.13 cent vs 0.65 cent Final Dividend omitted |
| (Post 7 of 44) 03/21/2000.05:23:00 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED Notice Of Changes In Director's Shareholding . Name of director: Richard Wee Liang Huat @ Richard Wee Liang Chiat Date of notice to company: 20/03/2000 Date of change of shareholding: 20/03/2000 Name of registered holder: Richard Wee Liang Huat @ Richard Wee Liang Chiat Circumstance giving rise to the change: Open market purchase No. of shares of the change: 43,000 % of issued share capital: 0.024 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.245 No. of shares held before change: 542,000 % of issued share capital: 0.306 No. of shares held after change: 585,000 % of issued share capital: 0.33 Note: No. of shares held before and after change includes 500,000 shares held by nominee - OUB Nominees Pte Ltd. Submitted by Tan Shou Chieh, Secretary on 20/03/2000 to the SES |
| (Post 8 of 44) 03/21/2000.05:29:00 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED Notice Of Changes In Director's Shareholding . Name of director: Richard Wee Liang Huat @ Richard Wee Liang Chiat Date of notice to company: 17/03/2000 Date of change of shareholding: 17/03/2000 Name of registered holder: Richard Wee Liang Huat @ Richard Wee Liang Chiat Circumstance giving rise to the change: Open market purchase No. of shares of the change: 42,000 % of issued share capital: 0.024 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: 36,000 shares at $0.24 6,000 shares at $0.245 No. of shares held before change: 500,000 % of issued share capital: 0.282 No. of shares held after change: 542,000 % of issued share capital: 0.306 Note: No. of shares held before and after change includes 500,000 shares held by nominee - OUB Nominees Pte Ltd. Submitted by Tan Shou Chieh, Secretary on 20/03/2000 to the SES |
| (Post 9 of 44) 03/23/2000.04:41:00 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED Notice Of Changes In Director's Shareholding . Name of director: Richard Wee Liang Huat @ Richard Wee Liang Chiat Date of notice to company: 21/03/2000 Date of change of shareholding: 21/03/2000 Name of registered holder: Richard Wee Liang Huat @ Richard Wee Liang Chiat Circumstance giving rise to the change: Open market purchase No. of shares of the change: 60,000 % of issued share capital: 0.03 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: $0.245 No. of shares held before change: 585,000 % of issued share capital: 0.33 No. of shares held after change: 645,000 % of issued share capital: 0.36 Note: No. of shares held before and after change includes 500,000 shares held by nominee - OUB Nominees Pte Ltd Submitted by Tan Shou Chieh, Secretary on 22/03/2000 to the SES |
| (Post 10 of 44) 04/05/2000.05:43:00 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED The Board of Directors of Tai Sin Electric Cables Manufacturer Limited ("TAI SIN") are pleased to announce that Equalight Resources Sdn. Bhd., a wholly-owned subsidiary in Malaysia, has increased its paid-up share capital from RM$2/- to RM$1,500,000/- as a result of the Company subscribing for 1,499,998 new ordinary shares of RM$1/- each at par for cash. The additional investment is funded from the Company's internal resources. The paid-up share capital of Equalight Resources Sdn. Bhd. is expected to be further increased from RM$1,500,000/- to RM$2,500,000/- of which 80% will ultimately be owned by the Company and the balance 20% by parties not connected with Directors or Substantial Shareholders of the Company. The above transaction is not expected to have any material effect on the earnings per share and net tangible assets per share of the TAI SIN Group in the current financial year ending 30th June 2000. None of the Directors or Substantial Shareholders of TAI SIN has any interest directly or indirectly (other than through the Company) in the above transaction. BY ORDER OF THE BOARD Mrs. Low nee Tan Leng Fong Tan Shou Chieh Secretaries Dated: 4th April 2000 Submitted by Tan Shou Chieh, Secretary on 04/04/2000 to the SES |
| (Post 11 of 44) 05/25/2000.02:09:00 |
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INCREASE OF SHARE CAPITAL IN SUBSIDIARY The Board of Directors of Tai Sin Electric Cables Manufacturer Limited ("TAI SIN") are pleased to announce that Equalight Resources Sdn. Bhd., a wholly-owned subsidiary in Malaysia, has increased its paid-up share capital from RM$1,500,000/- to RM$2,500,000/- as a result of TAI SIN subscribing for 1,000,000 new ordinary shares of RM$1/- each at par for cash. The additional investment is funded from TAI SIN's internal resources. The above transaction is not expected to have any material effect on the earnings per share and net tangible assets per share of the TAI SIN Group in the current financial year ending 30th June 2000. None of the Directors or Substantial Shareholders of TAI SIN has any interest directly or indirectly (other than through the Company) in the above transaction. BY ORDER OF THE BOARD Mrs. Low nee Tan Leng Fong Tan Shou Chieh Secretaries Dated: 24th May 2000 Submitted by Tan Shou Chieh, Secretary on 24/05/2000 to the SES |
| (Post 12 of 44) 09/26/2000.01:09:16 |
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Tai Sin Cables yr to June net profit 114,000 sgd vs 1.634 mln
SINGAPORE (AFX-ASIA) - Tai Sin Electric Cables Manufacturing Ltd full year to June 2000 results: Net profit - 114,000 sgd vs 1.364 mln Sales - 29.485 mln sgd vs 24.404 mln Pretax profit - 871,000 sgd vs 1.989 mln Opg profit - 2.775 mln sgd vs 3.368 mln EPS - 0.06 cents vs 0.83 Final div - 0.004 sgd vs 0.005 In a statement, Tai Sin said it expects the current year to be in line with the previous year as the construction and building industry in Singapore and Malaysia is expected to remain stagnant. The oil crisis, a recent surge in copper prices and the weaker Singapore dollar against the U.S. dollar are expected to further increase the production cost of its wires and cables, it said. Tai Sin attributed the poor performance in the first half to "the scarcity of new projects which resulted in heavy price discounting and intense competition which eroded the group's gross profit margins." |
| (Post 13 of 44) 10/13/2000.01:10:46 |
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INCREASE OF SHARE CAPITAL IN SUBSIDIARY
The Board of Directors of Tai Sin Electric Cables Manufacturer Limited ("Tai Sin or the Company") are pleased to announce that Equalight Resources Sdn. Bhd. ("Equalight"), a subsidiary in Malaysia, has increased its paid-up share capital from RM$2,500,000/- to RM$5,000,000/- by the issue of 2,500,000 new ordinary shares of RM$1/- each at par to the following:-
The additional investment by Tai Sin is funded from its internal resources. Tai Sin will now own 85% of the enlarged share capital of Equalight which was previously wholly-owned by the Company. Mr. Lai Kon Seng and Mr. Jang Eng Lan are Executive Directors of Equalight and they are not related to Directors or Substantial Shareholders of Tai Sin. None of the Directors or Substantial Shareholders of Tai Sin has any interest directly or indirectly (other than through the Company) in the above transactions. BY ORDER OF THE BOARD Mrs. Low nee Tan Leng Fong Tan Shou Chieh Secretaries Dated: 12th October 2000 Submitted by Tan Shou Chieh, Secretary on 12/10/2000 to the SGX |
| (Post 14 of 44) 02/26/2001.22:07:10 |
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Tai Sin Electric 1H S$0.3M Vs S$0.2M
Source : Dow Jones 26/02/2001 19:24 Tai Sin Electric Cables Manufacturing Ltd. - Singapore Six Months to Dec. 31: - 2000 vs 1999 Revenue - S$21,280,000 vs S$12,531,000 Pretax Profit - 860,000 vs 480,000 Net Profit - 347,000 vs 231,000 Per Share Net Profit - 0.18 cent vs 0.13 cent Dividend - 0 cent vs 0 cent |
| (Post 15 of 44) 04/02/2001.20:12:52 |
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Acquisition of the entire equity share capital of LKH Lamps Sdn. Bhd.
Tai Sin Electric Cables Manufacturer Limited ("TAI SIN") is pleased to announce that Equalight Resources Sdn Bhd ("Equalight") a 85% owned subsidiary in Malaysia, had on 29th March 2001 entered into a conditional Sale and Purchase Agreement ("the S&P Agreement") with MOL.com Berhad ("MOL") for the acquisition by Equalight of the entire equity share capital of LKH Lamps Sdn. Bhd. incorporated in Malaysia ("LKH Lamps"), comprising of 12,100,000 ordinary shares of RM$1 each fully paid ("the Acquisition"). The total cash consideration for the Acquisition amounts to RM$3 million and was paid on signing of the S&P Agreement. This is however subject to adjustment when the management accounts as at 28th February 2001 of LKH Lamps is finalised, with the final purchase consideration pegged to the net tangible asset value ("NTA") as at 28th February 2001. The purchase consideration was arrived at by negotiations on an arms' length basis taking into account the net asset value of all the assets and liabilities of LKH Lamps taken over but excluding the land held under CT 20843 Lot 6119 Mukim Kapar, District of Klang, Selangor with the buildings erected thereon specified in the S&P Agreement. Based on figures currently available and with the exclusion of the property mentioned above, the consolidated net tangible asset value of LKH Lamps Group as at 31st December 2000 is estimated at RM$3.29 million. The Acquisition financed by internal resources of Equalight and bank borrowings is conditional upon the approval of the Foreign Investment Committee, the Ministry of Trade and Industry in Malaysia and any other relevant authority and is not subject to acceptance by Equalight of any term or condition specified in any such approval. The principal activities of LKH Lamps are the manufacture and sale of fluorescent and incandescent lamps and related products. The Acquisition will in addition, result in TAI SIN becoming the ultimate holding company of the following two wholly-owned subsidiaries of LKH Lamps:- (a) LKH Lamps Marketing Sdn. Bhd. incorporated in Malaysia, with a paid-up share capital of RM$10,000 which is engaged in trading and marketing of lamps and bulbs; and (b) LKH Lightings Sdn. Bhd. incorporated in Malaysia, with a paid-up share capital of RM$3.5 million which is engaged in the sale of light fittings, electrical components and apparatus. The Acquistion will complement the TAI SIN Group's aim to be a major manufacturer of fluorescent lamps in Malaysia. LKH Lamps is an established lamp manufacturer with a significant export market in the Middle East and presently manufactures five brands of fluorescent lamps namely, LKH, Crompton, Lumelux, Eye and Britmex. With only three licensed lamp manufacturers in Malaysia including Equalight, the Group will be a major player in the fluorescent lighting market. Equalight will also benefit from the established customer base of LKH Lamps for the distribution of its own brand of lamps The acquisition is not expected to have any material effect on the consolidated earnings per share or net tangible assets of the TAI SIN Group for the current financial year ending 30th June 2001. None of the Directors or substantial shareholders of TAI SIN have any interest, direct or indirect, in the above transaction. Submitted by Tan Shou Chieh, Secretary on 02/04/2001 |
| (Post 16 of 44) 04/18/2001.20:06:53 |
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Increase of share capital in subsidiary
The Board of Directors of Tai Sin Electric Cables Manufacturer Limited ("TAI SIN") are pleased to announce that Tai Sin Electric Cables (Malaysia) Sdn. Bhd., a wholly-owned subsidiary in Malaysia, has increased its paid-up share capital from RM$2,500,000 to RM$5,000,000/- as a result of the Company subscribing for 2,500,000 new ordinary shares of RM$1/- each at par for cash. The additional investment is funded from the Company's internal resources. None of the Directors or Substantial Shareholders of TAI SIN has any interest directly or indirectly (other than through the Company) in the above transaction. Submitted by Tan Shou Chieh, Secretary on 18/04/2001 |
| (Post 17 of 44) 05/24/2001.12:53:53 |
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Anyone ?>What happen to Tai Sin ..?? |
| (Post 18 of 44) 09/24/2001.20:36:47 |
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FURTHER INFORMATION ON FULL YEAR FINANCIAL STATEMENT
Reference is made to the letter from the Singapore Exchange Securities Trading Limited dated 20th September 2001. The Board of Directors of Tai Sin Electric Cables Manufacturer Limited ("TAI SIN") wish to clarify and furnish the following additional information:- (A) In the Company's Half Year Results, it was stated that "The measures taken last year by the management to streamline its operations and increase productivity has shown some result. Hence, the Directors are of the opinion that the results will be maintained for the second half of the financial year." The Group incurred an operating loss of $0.15 million in the second half of Financial Year 2001 vs an operating profit of $0.42 million in the first half of Financial Year 2001. The Directors wish to explain that during the final stage of audit, immediately before the release of the Final Results, the following companies in the Group decided to make additional provision for doubtful debts:- Tai Sin Electric Cables Manufacturer Limited $200,000 (General Provision) PKS Sdn Bhd $141,821 (Specific Provision) These year end provisions for doubtful debts were not anticipated, but prudently made in view of the current uncertain global economic climate. Furthermore, an additional provision for depreciation of the Company's leasehold properties at 24 Gul Crescent, Singapore and 11 Gul Lane, Singapore amounting to $162,000 was charged to the profit and loss account to rectify a depreciation calculation error. If not for the above-mentioned provisions amounting in total to $0.50 million which were unanticipated year end adjustments decided just prior to the Final Results Announcement, the results of the second half year would have been comparable to the first half. In the circumstances, the Directors decided to release the announcement promptly without a profit warning. (B) In relation to the commentary on the Group's performance for the Full Year ended 30th June 2001:- (i) The foreign exchange gain of $204,000 for the year ended 30th June 2001, comprises primarily of unrealised gains on translation at the balance sheet date of net monetary liabilities of the Malaysian subsidiaries denominated in foreign currencies. (ii) LKH Lamps Sdn Bhd was included in the Group Balance Sheet in accordance with the Singapore Statement of Accounting Standard 22 in order to recognise commercial substance over legal form. In essence, LKH Lamps Sdn Bhd was treated as acquired on 30th June 2001 for consolidation purposes, when effective control over operations and financial policies was achieved. Therefore, the results of LKH Lamps Sdn Bhd are not included under "Segmental Results" in note 6 of the Full Year Results. The shares of LKH Lamps Sdn Bhd acquired by Equalight Resources Sdn Bhd are scheduled to be legally transferred on 1st October 2001 and that will complete the transaction. (iii) In relation to the acquisition of LKH Lamps Sdn Bhd, the Company in its announcement of 2nd April 2001 stated that the cash consideration of RM3 million paid on signing of the Sale And Purchase Agreement was subject to adjustment when the management accounts as at 28th February 2001 of LKH Lamps Sdn Bhd is finalised. The final purchase consideration for the acquisition of LKH Lamps Sdn Bhd, pegged to its net tangible asset value as at 28th February 2001 under the Sale And Purchase Agreement, amounts to RM3,537,894. The difference between the purchase consideration of RM3.54 million and the fair value of assets acquired as of 30th June 2001 of RM2.89 million, amounting to RM0.65 million is treated as Goodwill and written off against Revenue Reserves. (iv) The significant increase in group borrowings and debt securities from $10.3 million as at 31 December 2000 to $18.78 million as at 30 June 2001 is due to higher borrowing undertaken by the Company and its subsidiaries. Additional borrowings at the Company level were taken mainly to support the working capital of the foreign subsidiaries as well as to fund the acquisition of LKH Lamps Sdn Bhd. Higher borrowings at the subsidiaries were due to additional bank facilities taken for expansion, such as the purchase of factory buildings and machinery and for working capital. Submitted by Tan Shou Chieh, Secretary on 24/09/2001 |
| (Post 19 of 44) 10/01/2001.17:41:35 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED
COMPLETION OF ACQUISITION OF LKH LAMPS SDN. BHD Tai Sin Electric Cables Manufacturer Limited is pleased to announce that the acquisition by Equalight Resources Sdn Bhd, a 85% owned subsidiary in Malaysia, of the entire equity share capital of LKH Lamps Sdn. Bhd. incorporated in Malaysia, comprising of 12,100,000 ordinary shares of RM$1 each fully paid ("the Acquisition") was completed on 1st October 2001. The total cash consideration for the Acquisition, adjusted in accordance with the Sale and Purchase Agreement amounts to RM$3,537,894. BY ORDER OF THE BOARD Mrs. Low nee Tan Leng Fong Tan Shou Chieh Secretaries Singapore, 1st October 2001 Submitted by Tan Shou Chieh, Secretary on 01/10/2001 to the SGX |
| (Post 20 of 44) 02/07/2002.10:20:07 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED
TRANSFER OF ENTIRE 70% SHAREHOLDING IN PKS SDN. BHD. TO WHOLLY-OWNED SUBSIDIARY OF THE COMPANY The Board of Directors of Tai Sin Electric Cables Manufacturer Limited ("TAI SIN") wishes to announce that TAI SIN had on 1st February 2002 transferred its entire 70% shareholding in PKS Sdn. Bhd. (incorporated in Negara Brunei Darussalam) comprising of 1,356,652 ordinary shares of B$1/- each fully-paid, to its wholly-owned subsidiary, Tai Sin Electric Cables (Malaysia) Sdn. Bhd. (incorporated in Malaysia). The transfer consideration was set at B$5,661,952/- which is equivalent to the original cost of investment to TAI SIN. The transaction will not affect the earnings per share or net tangible assets per share of the TAI SIN Group. The transaction puts in place an effective corporate and management structure with TAI SIN as the ultimate holding company of PKS Sdn. Bhd. None of the Directors or substantial shareholders of TAI SIN have any interest, direct or indirect, in the above transaction, other than through TAI SIN. BY ORDER OF THE BOARD Mrs. Low nee Tan Leng Fong Tan Shou Chieh Secretaries Singapore, 6th February 2002 Submitted by Tan Shou Chieh, Secretary on 06/02/2002 to the SGX |
| (Post 21 of 44) 02/07/2002.10:22:13 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED
DISPOSAL OF SUBSIDIARY The Board of Directors of Tai Sin Electric Cables Manufacturer Limited ("Tai Sin or the Company") wishes to announce that LKH Lamps Sdn. Bhd. ("LKH Lamps") a Malaysian subsidiary of Tai Sin, had on 1st February 2002 disposed of its entire investment in LKH Lamps Marketing Sdn. Bhd. ("Lamps Marketing") its wholly-owned subsidiary, comprising of 10,000 ordinary shares of RM1/- each fully-paid to LKH Power Distribution Pte Ltd, for a total consideration of RM11,443/-. The net asset value of Lamps Marketing as at 31st December 2001 amounting to RM11,443/- was agreed as the sale consideration by the parties on a willing buyer and willing seller basis. LKH Lamps is a wholly-owned subsidiary of Equalight Resources Sdn. Bhd. which is a 85% owned Malaysian subsidiary of Tai Sin. Lamps Marketing is presently dormant and there are no plans to activate its business operations. It is therefore cost effective to dispose of the subsidiary. The transaction does not have any effect on the consolidated earnings per share or net tangible assets of the Tai Sin Group for the current financial year ending 30th June 2002. LKH Power Distribution Pte Ltd is a wholly-owned subsidiary of Lim Kim Hai Electric Co. (S) Pte Ltd. Mr. Lim Chye Huat @ Bobby Lim Chye Huat, the Managing Director and Substantial Shareholder of Tai Sin has a direct and indirect interest of 20.7% in the share capital of Lim Kim Hai Electric Co. (S) Pte Ltd where he is currently its non-executive Chairman. None of the other Directors or Substantial Shareholders of Tai Sin has any interest directly or indirectly (other than through the Company) in the above transaction. BY ORDER OF THE BOARD Mrs. Low nee Tan Leng Fong Tan Shou Chieh Secretaries Singapore, 6th February 2002 Submitted by Tan Shou Chieh, Secretary on 06/02/2002 to the SGX |
| (Post 22 of 44) 07/18/2002.19:13:29 |
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aiyoh..so cheap....should be worth ar least 0.21 . BUY. |
| (Post 23 of 44) 07/18/2002.19:15:38 |
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Taisin.... will it be the next BIL???  |
| (Post 24 of 44) 07/19/2002.16:32:15 |
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up today.. i have alerted the buyers.. oppss... |
| (Post 25 of 44) 07/19/2002.16:37:44 |
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worth at least 0.21....  |
| (Post 26 of 44) 07/19/2002.16:38:44 |
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hi hi  |
| (Post 27 of 44) 07/19/2002.16:41:14 |
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hi yoursping... |
| (Post 28 of 44) 07/19/2002.16:42:21 |
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Hi Throntonn....  |
| (Post 29 of 44) 07/19/2002.16:43:16 |
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this seems like good stuff...let's see it fly |
| (Post 30 of 44) 07/19/2002.16:44:32 |
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tai sin fly??? nope... it will rocket..hehee |
| (Post 31 of 44) 07/19/2002.16:46:10 |
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yupz...true...
|
| (Post 32 of 44) 07/19/2002.16:48:47 |
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spare???? |
| (Post 33 of 44) 07/19/2002.16:53:48 |
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spare u not in messenger?? |
| (Post 34 of 44) 07/19/2002.16:56:55 |
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hi Thronton my email is yourpings@yahoo.com keep in touch |
| (Post 35 of 44) 07/19/2002.16:58:33 |
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yourpings..okok |
| (Post 36 of 44) 07/22/2002.10:15:44 |
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any buyers? |
| (Post 37 of 44) 08/01/2002.17:24:39 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED
Changes in the composition of the Board of Directors and the Audit Committee The Board of Directors of Tai Sin Electric Cables Manufacturer Limited ("TAI SIN") wishes to announce:- (1) The following changes in the composition of the Board of Directors of TAI SIN with effect from 1st August 2002:- (a) Mr. Lee Lien-Shen has resigned from the post of Executive Chairman but continues to serve on the Board of Directors as Non-executive Chairman; (b) Mr. Lee Jui-Lung and Mr. Chen Shyh-Yi have resigned as Directors; and (c) Prof. Lee Chang Leng Brian has been appointed as an additional Director. (2) The appointment of Prof. Lee Chang Leng Brian as an independent member of the Audit Committee of TAI SIN with effect from 1st August 2002 in place of Mr. Lim Boon Hock Bernard, an Executive Director. Accordingly with effect from 1st August 2002, the Audit Committee of TAI SIN shall comprise of the following Directors:- (a) Mr. Richard Wee Liang Huat @ Richard Wee Liang Chiat (Independent Chairman) (b) Mr. Sim Yeong Soon (Independent Member) (c) Prof. Lee Chang Leng Brian (Independent Member) BY ORDER OF THE BOARD Mrs. Low nee Tan Leng Fong Tan Shou Chieh Secretaries Dated: 1st August 2002 Submitted by Tan Shou Chieh, Secretary on 01/08/2002 to the SGX |
| (Post 38 of 44) 08/02/2002.08:47:49 |
| Author : |
TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED
Announcement Of Appointment Of Prof. Lee Chang Leng Brian As Director Date of appointment: 01 Aug 2002 Name: PROF. LEE CHANG LENG BRIAN Age: 62 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: Dean, School of Electrical and Electronic Engineering, Nanyang Technological University Director, International Relations Office Nanyang Technological University Other directorships Past: International Development and Consultancy Corporation Pte Ltd Present: Nil Shareholding in the listed issuer and its subsidiaries: Nil 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 ( As required per Appendix 2.4) - 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 officer 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 ? No 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, or partnership occurring or arising during the period when you were so concerned with the company or partnership? No Submitted by Tan Shou Chieh, Secretary on 01/08/2002 to the SGX |
| (Post 39 of 44) 09/18/2002.17:34:36 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED
Full Year Financial Statement And Dividend Announcement Pls view financial here. |
| (Post 40 of 44) 09/26/2002.08:41:21 |
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TAI SIN ELECTRIC CABLES MANUFACTURER LIMITED
FURTHER INFORMATION ON RESULTS FOR THE FULL YEAR ENDED 30 JUNE 2002 Pls view announcement here. |
| (Post 41 of 44) 01/07/2003.10:53:38 |
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Need help!
I am new to the market. My friend recommend me to buy this stock bcos the NTA is much higher than the current price and this company has a steady business and profitable. Is it a good counter to buy into. |
| (Post 42 of 44) 10/22/2003.13:08:20 |
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Don't forget this long forgotten counter. NTA of $0.175 with business improvement in sector and mentioned by management. Resistance currently at $0.18, looking forward, my target is to hit at least $0.25 |
| (Post 43 of 44) 04/06/2004.19:34:19 |
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not bad 7% up |
| (Post 44 of 44) 02/25/2005.00:58:03 |
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An undervalued counter in a boring biz. 1/2 year Doubling its profits to almost its last full year earnings, low PE of 8X and trading at 40% below book value. Can't wait for its final year earnings. If net profits doubles that of last year, trading at forward PE of 4X.
Just a matter of time before it's discovered and moves up to match its book value at least like this counter Singapore Shipping Corporation. Vested |
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