China Merchants Holdings Pacific

http://infopub.sgx.com/FileOpen/Cancella...eID=347900

CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED
(Incorporated in the Republic of Singapore)
Company Registration No. 198101278D
ANNOUNCEMENT
CONVERTIBLE BONDS DUE 2017 -
CANCELLATION OF BONDS DUE TO CONVERSION
The board of directors (the “Board”) of China Merchants Holdings (Pacific) Limited (the “Company”) wishes to announce that HK$17,000,000 in aggregate principal amount of HK$1,163,000,000 1.25 per cent. convertible bonds due 2017 (credit enhanced until 2015) (the “Convertible Bonds”) have been converted and cancelled pursuant to the exercise of conversion rights by the holder thereof (the “Conversion”). Accordingly, following such conversion and cancellation, the aggregate principal amount of the Convertible Bonds remaining outstanding as of 4 May 2015 is HK$600,000,000.
Arising from such conversion, 3,248,743 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.826 and the total number of issued and paid-up Shares of the Company has increased to 1,088,048,603.

Based on outstanding HK$600m worth of CBs, the potential shares to be converted at $0.826 is 114.662m.

(04-05-2015, 07:51 PM)greengiraffe Wrote: Hungry people are disgraced lot?

http://www.straitstimes.com/premium/foru...s-20150504

Don't let food cause disruptions
Published on May 4, 2015 1:07 AM
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I RECENTLY attended a few annual general meetings (AGMs), and observed that a majority of the people were there more for the food than the meeting's agenda.

Before the AGMs ended, many could be seen leaving the room so that they can be the first to reach the buffet table.

Some were also packing food to take away.

Many companies try to solve this problem by giving out meal coupons to help prevent a rush for the food.

However, this does not solve the problem completely, as can be seen at the recent China Merchants AGM.

The meeting was at 4pm but quite a number of shareholders arrived at 4.30pm, one of whom disrupted the meeting because he was told that there were no more meal coupons.

He was joined by a few other shareholders and, together, they caused the extraordinary general meeting after the AGM to be disrupted.

It reflects badly on the nation when someone feels the need to barge into a meeting to demand a meal coupon.

Is food really an entitlement at all the AGMs?

If required, perhaps meal coupons can be handed out and redeemed before the start of an AGM.

Those who are there only for the food - some of whom tend to talk during the sessions - can then take the coupons and leave without attending the meeting.

Alan Ng Soon Hock

i was there too. the way some of the shareholders behaved is like china's beggars.

1 of them even shouted at the management's SG employee, the lady translator :
"u r not fit to talk to me. I'm the shareholder of the company, I'm yr boss, u know."

he got agitated becoz he ask her initially where r the vouchers.
instead of answering him or handling it properly, she keep smiling and say it has run out.

think she could have thought he is just joking with her, instead she got him agitated.

last year was at pan pacific, the buffet was quite good. it was full house with some left standing. i was also attracted partially to return for the buffet.

so this year they shift to suntec, which is bigger, but the turnout is even bigger.

they prepare 80 set of bento and issue vouchers at entrance. the food quality can be seen is no where near last year's.

the turnout could be around 150 ~ 200, so more than half without voucher. anyway, the paper pack bento don't look appetising.

anyway, the management announce that they will mail out vouchers to those who attend but never receive that day.

other than that, the management also don't have proper planning for odd lot coming from the 20:1 bonus share.

so, shareholders have to settle themselves before the ex date to prevent getting odd lots.

(05-05-2015, 07:35 PM)pattanispirit Wrote:

(04-05-2015, 07:51 PM)greengiraffe Wrote: Hungry people are disgraced lot?

http://www.straitstimes.com/premium/foru...s-20150504

Don't let food cause disruptions
Published on May 4, 2015 1:07 AM
PRINT
EMAIL


I RECENTLY attended a few annual general meetings (AGMs), and observed that a majority of the people were there more for the food than the meeting's agenda.

Before the AGMs ended, many could be seen leaving the room so that they can be the first to reach the buffet table.

Some were also packing food to take away.

Many companies try to solve this problem by giving out meal coupons to help prevent a rush for the food.

However, this does not solve the problem completely, as can be seen at the recent China Merchants AGM.

The meeting was at 4pm but quite a number of shareholders arrived at 4.30pm, one of whom disrupted the meeting because he was told that there were no more meal coupons.

He was joined by a few other shareholders and, together, they caused the extraordinary general meeting after the AGM to be disrupted.

It reflects badly on the nation when someone feels the need to barge into a meeting to demand a meal coupon.

Is food really an entitlement at all the AGMs?

If required, perhaps meal coupons can be handed out and redeemed before the start of an AGM.

Those who are there only for the food - some of whom tend to talk during the sessions - can then take the coupons and leave without attending the meeting.

Alan Ng Soon Hock

i was there too. the way some of the shareholders behaved is like china's beggars.

1 of them even shouted at the management's SG employee, the lady translator :
"u r not fit to talk to me. I'm the shareholder of the company, I'm yr boss, u know."

he got agitated becoz he ask her initially where r the vouchers.
instead of answering him or handling it properly, she keep smiling and say it has run out.

think she could have thought he is just joking with her, instead she got him agitated.

last year was at pan pacific, the buffet was quite good. it was full house with some left standing. i was also attracted partially to return for the buffet.

so this year they shift to suntec, which is bigger, but the turnout is even bigger.

they prepare 80 set of bento and issue vouchers at entrance. the food quality can be seen is no where near last year's.

the turnout could be around 150 ~ 200, so more than half without voucher. anyway, the paper pack bento don't look appetising.

anyway, the management announce that they will mail out vouchers to those who attend but never receive that day.

other than that, the management also don't have proper planning for odd lot coming from the 20:1 bonus share.

so, shareholders have to settle themselves before the ex date to prevent getting odd lots.

To be fair, this problem can be remedied on our own. Simply purchase 1,000 shares (or sell 1,000 shares) on the CB date and sell 1,000 (or purchase 1,000 shares) on the XB date. You do away with the problem of ending up with 50 shares.

This could be an issue in the future with the reduction in board lots. What's stopping people from purchasing 100 shares in every company and attending all the AGMs ? The logistic planning is going to be insane. Ideally, food should not be provided in meetings to cut down cost haha !

(05-05-2015, 08:39 PM)Nick Wrote:

(05-05-2015, 07:35 PM)pattanispirit Wrote:

(04-05-2015, 07:51 PM)greengiraffe Wrote: Hungry people are disgraced lot?

http://www.straitstimes.com/premium/foru...s-20150504

Don't let food cause disruptions
Published on May 4, 2015 1:07 AM
PRINT
EMAIL


I RECENTLY attended a few annual general meetings (AGMs), and observed that a majority of the people were there more for the food than the meeting's agenda.

Before the AGMs ended, many could be seen leaving the room so that they can be the first to reach the buffet table.

Some were also packing food to take away.

Many companies try to solve this problem by giving out meal coupons to help prevent a rush for the food.

However, this does not solve the problem completely, as can be seen at the recent China Merchants AGM.

The meeting was at 4pm but quite a number of shareholders arrived at 4.30pm, one of whom disrupted the meeting because he was told that there were no more meal coupons.

He was joined by a few other shareholders and, together, they caused the extraordinary general meeting after the AGM to be disrupted.

It reflects badly on the nation when someone feels the need to barge into a meeting to demand a meal coupon.

Is food really an entitlement at all the AGMs?

If required, perhaps meal coupons can be handed out and redeemed before the start of an AGM.

Those who are there only for the food - some of whom tend to talk during the sessions - can then take the coupons and leave without attending the meeting.

Alan Ng Soon Hock

i was there too. the way some of the shareholders behaved is like china's beggars.

1 of them even shouted at the management's SG employee, the lady translator :
"u r not fit to talk to me. I'm the shareholder of the company, I'm yr boss, u know."

he got agitated becoz he ask her initially where r the vouchers.
instead of answering him or handling it properly, she keep smiling and say it has run out.

think she could have thought he is just joking with her, instead she got him agitated.

last year was at pan pacific, the buffet was quite good. it was full house with some left standing. i was also attracted partially to return for the buffet.

so this year they shift to suntec, which is bigger, but the turnout is even bigger.

they prepare 80 set of bento and issue vouchers at entrance. the food quality can be seen is no where near last year's.

the turnout could be around 150 ~ 200, so more than half without voucher. anyway, the paper pack bento don't look appetising.

anyway, the management announce that they will mail out vouchers to those who attend but never receive that day.

other than that, the management also don't have proper planning for odd lot coming from the 20:1 bonus share.

so, shareholders have to settle themselves before the ex date to prevent getting odd lots.

To be fair, this problem can be remedied on our own. Simply purchase 1,000 shares (or sell 1,000 shares) on the CB date and sell 1,000 (or purchase 1,000 shares) on the XB date. You do away with the problem of ending up with 50 shares.

This could be an issue in the future with the reduction in board lots. What's stopping people from purchasing 100 shares in every company and attending all the AGMs ? The logistic planning is going to be insane. Ideally, food should not be provided in meetings to cut down cost haha !

Some group of Singaporeans are clearly classless. Look at Warren Buffet and his AGMs... there is a constant rise in the numbers annually paying a "pilgrimage" at steep expenses just to listen to him... here we seriously have cheapskate people out to disgrace the serious lot of investors.

Tradable lots should have been down straight to 1 share instead of 100. Go check with SGX on this issue of tradable lot size... eventually, it will be 1 shares.

(04-05-2015, 07:51 PM)greengiraffe Wrote: Hungry people are disgraced lot?

http://www.straitstimes.com/premium/foru...s-20150504

Don't let food cause disruptions
Published on May 4, 2015 1:07 AM
PRINT
EMAIL


I RECENTLY attended a few annual general meetings (AGMs), and observed that a majority of the people were there more for the food than the meeting's agenda.

Before the AGMs ended, many could be seen leaving the room so that they can be the first to reach the buffet table.

Some were also packing food to take away.

Many companies try to solve this problem by giving out meal coupons to help prevent a rush for the food.

However, this does not solve the problem completely, as can be seen at the recent China Merchants AGM.

The meeting was at 4pm but quite a number of shareholders arrived at 4.30pm, one of whom disrupted the meeting because he was told that there were no more meal coupons.

He was joined by a few other shareholders and, together, they caused the extraordinary general meeting after the AGM to be disrupted.

It reflects badly on the nation when someone feels the need to barge into a meeting to demand a meal coupon.

Is food really an entitlement at all the AGMs?

If required, perhaps meal coupons can be handed out and redeemed before the start of an AGM.

Those who are there only for the food - some of whom tend to talk during the sessions - can then take the coupons and leave without attending the meeting.

Alan Ng Soon Hock

I think different type of stocks attract different type of shareholders ba... I attended ARA's AGM and it was very smooth and organised at suntec city, more than enough food bento was prepared and all shareholders had seats.

My preference would be AGM like keppel corp, in which no food was provided and shareholders got $20 NTUC vouchers instead

I agree. Drop the food and let the shareholders know in advance.

The dividend will pay for the meal ticket, why worry about a free meal?

free meal is the special dividend

(06-05-2015, 09:21 PM)LionFlyer Wrote: I agree. Drop the food and let the shareholders know in advance.

The dividend will pay for the meal ticket, why worry about a free meal?

http://infopub.sgx.com/Apps?A=COW_CorpAn...l_Road.pdf

There was a reclassification on traffic numbers were being accounted. GG is confused... any buddies care to shed some light?

GG

http://infopub.sgx.com/FileOpen/Cancella...eID=348566

CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED
(Incorporated in the Republic of Singapore)
Company Registration No. 198101278D
ANNOUNCEMENT
CONVERTIBLE BONDS DUE 2017 -
CANCELLATION OF BONDS DUE TO CONVERSION
The board of directors (the “Board”) of China Merchants Holdings (Pacific) Limited (the “Company”) wishes to announce that HK$4,000,000 in aggregate principal amount of HK$1,163,000,000 1.25 per cent. convertible bonds due 2017 (credit enhanced until 2015) (the “Convertible Bonds”) have been converted and cancelled pursuant to the exercise of conversion rights by the holder thereof (the “Conversion”). Accordingly, following such conversion and cancellation, the aggregate principal amount of the Convertible Bonds remaining outstanding as of 7 May 2015 is HK$596,000,000.
Arising from such conversion, 764,410 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.826 and the total number of issued and paid-up Shares of the Company has increased to 1,089,413,013.
BY ORDER OF THE BOARD
Lim Lay Hoon
Company Secretary
Singapore, 7 May 2015

Based on outstanding HK$596m worth of CBs, the potential shares to be converted at $0.826 is 113.897m.

(07-05-2015, 08:00 PM)greengiraffe Wrote: http://infopub.sgx.com/Apps?A=COW_CorpAn...l_Road.pdf

There was a reclassification on traffic numbers were being accounted. GG is confused... any buddies care to shed some light?

GG

GG,

What does 8,000 traffic flow or 3,000 traffic flow means to you if the %change from the comparable period remain the same ?