Sino Grandness

Did not attend the EGM today. Appreciate if someone can share on the EGM please. Many thanks

wow they get placement at $0.4035 and on the day of completion, the share prices move to 0.455.....

btw the Thais are allowed to sell away 38.8 out of their 86M shares anytime

Some sharing after yesterday's EGM:

Chairman's stake will reduce from 40% to 35% after the placement of new shares to the Thai investors but he will be very happy if his wealth (valuation of the Company) can be DOUBLED with the relatively insignificant share dilution. He is confident that the Thai will help expand sale regions, increase sales and bring in new strategic investors.

I also overheard a shareholder talking to the Chairman about improving communications to investors and the origins of the Company. Interesting to note that the Company started off some 15 to 20 years ago as an OEM producer to European hypermarkets for canned vegetables. This would mean that the Company is already producing (testing, QC) in accordance to the high European standards and requirements. This may mean that the Company may be able to launch its Garden Fresh products in Europe and US faster than other Chinese producers and via new strategic investors.

cut and paste portuser's posting from CMZ's thread.

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http://infopub.sgx.com/FileOpen/Santa%20...eID=330120

In Sep 13, the Salim Group made a GO to acquire all Minzhong shares it did not own for $1.12 apiece, and ended up owning 88.99% of Minzhong.

Before the offer, Minzhong was hit by short selling on allegations that the company’s books were cooked.

Now the Executive Chairman/CEO, a PRC national who has been helming Minzhong for years(?), has proposed to buy a 52.94% stake in the company for $$1.20 per share, from Salim.
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my comments...

Interesting developments man. Goes to show that not all s -chips are rotten. Bad luck that they (and also Sino G) were target of unscrupulous short sellers..

bet CMZ shares will boom from here..but then again, CMZ business is not that kind of fantastic in terms of growth, only the beverage business shows more promise.

Hope all goes well.

(31-12-2014, 09:39 AM)Adagio Wrote: Some sharing after yesterday's EGM:

Chairman's stake will reduce from 40% to 35% after the placement of new shares to the Thai investors but he will be very happy if his wealth (valuation of the Company) can be DOUBLED with the relatively insignificant share dilution. He is confident that the Thai will help expand sale regions, increase sales and bring in new strategic investors.

I also overheard a shareholder talking to the Chairman about improving communications to investors and the origins of the Company. Interesting to note that the Company started off some 15 to 20 years ago as an OEM producer to European hypermarkets for canned vegetables. This would mean that the Company is already producing (testing, QC) in accordance to the high European standards and requirements. This may mean that the Company may be able to launch its Garden Fresh products in Europe and US faster than other Chinese producers and via new strategic investors.

Same thing for four seasons hotel's boss. When you are convinced that your worth is going to multi-bag because your business and growth is real, having less shares is not that important when you get the right partners in.

Great if they can launch GF's product in Europe and US..and in doing that hopefully and maybe a Goliath will come calling. Hopefully soon.

(30-12-2014, 10:35 PM)CY09 Wrote: wow they get placement at $0.4035 and on the day of completion, the share prices move to 0.455.....

btw the Thais are allowed to sell away 38.8 out of their 86M shares anytime

Maybe they have in mind to sell away 38.8 to a Goliath, who knows ?!!
Get it low and dirt cheap ..sell off 38.8 to get back capital with profit when the time is ripe and lock in the rest to multi-bag with annual dividends some more. Cunning!! No wonder the rich gets richer.

(31-12-2014, 08:21 PM)leeeta Wrote:

(31-12-2014, 09:39 AM)Adagio Wrote: Some sharing after yesterday's EGM:

Chairman's stake will reduce from 40% to 35% after the placement of new shares to the Thai investors but he will be very happy if his wealth (valuation of the Company) can be DOUBLED with the relatively insignificant share dilution. He is confident that the Thai will help expand sale regions, increase sales and bring in new strategic investors.

I also overheard a shareholder talking to the Chairman about improving communications to investors and the origins of the Company. Interesting to note that the Company started off some 15 to 20 years ago as an OEM producer to European hypermarkets for canned vegetables. This would mean that the Company is already producing (testing, QC) in accordance to the high European standards and requirements. This may mean that the Company may be able to launch its Garden Fresh products in Europe and US faster than other Chinese producers and via new strategic investors.

Same thing for four seasons hotel's boss. When you are convinced that your worth is going to multi-bag because your business and growth is real, having less shares is not that important when you get the right partners in.

Great if they can launch GF's product in Europe and US..and in doing that hopefully and maybe a Goliath will come calling. Hopefully soon.

they are already selling their canned food all over euro. overseas canned product sales was significant, 680m rmb out of 2261m rmb total revenue in 2013FY. The angmoh drinks coke and orange juice, loquat is probably too exotic for them, so don't expect too much.

(31-12-2014, 08:32 PM)leeeta Wrote:

(30-12-2014, 10:35 PM)CY09 Wrote: wow they get placement at $0.4035 and on the day of completion, the share prices move to 0.455.....

btw the Thais are allowed to sell away 38.8 out of their 86M shares anytime

Maybe they have in mind to sell away 38.8 to a Goliath, who knows ?!!
Get it low and dirt cheap ..sell off 38.8 to get back capital with profit when the time is ripe and lock in the rest to multi-bag with annual dividends some more. Cunning!! No wonder the rich gets richer.

If Thais need the money, ya, sure, they will sell out to,
But if no, they will hold and milk the biz!

Let's see what happen over the next few years!

nice upside for CMZ this morning.

When CMZ was attacked by shortseller, CMZ did their best to rebut and even brought over their tax documents to Singapore to show proof..SinoG did the same thing with the tax document...but nobody cares. Sad..but what a turn around in price for CMZ today with CEO proposing to buy back shares from Salim group at $1.20 a pc (52.94%). No reason to buy if book is cooked, right?

in 2013 Glaucus alleged that CMZ had cooked their books, if so why didn't Salim sack the whole mgmt and replace them with new or a team of their own when they were controlling shareholders? Makes no sense to me to keep cheats on board. Yes I agree, there are s-cheats in SGX and this is why we have to be more careful in our investments BUT we just should not lump all as s-cheats coz not all are.

For Sinog, the Thais too could have walked away but they decided otherwise and I expect both teams to start working on some ventures together soon.

Catalyst for upside (big and small)
- news of cooperation between Thais and SinoG
- 4th Q rpt
- Submission of forms for spin off
- repayment to CB either via bank loan or via share allotment..prefer to pay of CB via bank loan.
- the IPO itself
- launch of GF juice in Europe - they now have canned food..next step hopefully this.
- launch of GF juice in Asia.
- will a goliath come calling?

Vested and firmly believe that SinoG will multi-bag from here. DYODD and CE.

Hi all,

i have been trading for many years. and i noticed this counter with a very strong upcoming trend.

wanted to know how is it that for a new product it is able to sell so well since the failure rate for this business is pretty high.

in any case, i took some so as not to miss the show. my experience tells me this is something exciting!