Eastern Holdings

Hoy Fatt Pte Ltd v Riway (Singapore) Pte Ltd & another

http://webcache.googleusercontent.com/se...clnk&gl=sg

20 HDB’s approval not having been obtained by 27 June 2013, Riway was entitled to rescind its agreement with Hoy Fatt. Accordingly, Hoy Fatt’s claims are dismissed and Riway Singapore’s claim for a declaration and return of deposit is allowed

20
HDB’s approval not having been obtained by 27 June 2013, Riway
was entitled to rescind its agreement with Hoy Fatt. Accordingly, Hoy Fatt’s
claims are dismissed and Riway Singapore’s claim for a declaration and return
of deposit is allowed.

so EASTERN lost the case and deposit 2.7milo ...

Hi buddies,

http://infopub.sgx.com/FileOpen/EHL-FY20...eID=353370

For those familiar with the operations of Eastern Holdings, it shows that

on page 2, gross profit from Sales and rental of properties 4,586 m
on page 15, under Properties segment, it shows profit from operations (2,661m)

isnt it weird that for property operations, you show a gross profit but make losses eventually!? Can anyone assist to shed some light, thanks in advance

(28-05-2015, 11:37 AM)money Wrote: Hi buddies,

http://infopub.sgx.com/FileOpen/EHL-FY20...eID=353370

For those familiar with the operations of Eastern Holdings, it shows that

on page 2, gross profit from Sales and rental of properties 4,586 m
on page 15, under Properties segment, it shows profit from operations (2,661m)

isnt it weird that for property operations, you show a gross profit but make losses eventually!? Can anyone assist to shed some light, thanks in advance

Not really, still need to account for all the salaries from the board + consultant, all the way down, and also depreciation, etc.

okay thanks, i didnt realise that they will lump all that under the property segment

what happened to this counter? -25%?

100 shares hit 22.5 cents yesterday. been trading around this price.

(23-07-2015, 12:27 PM)opmi Wrote: 100 shares hit 22.5 cents yesterday. been trading around this price.

I see....some jokers are trying to be funny....

Don't understand this announcement,

should be stock consolidation...

Eastern Holdings Ltd., 1 : 2, Stock Split or Significant Stock Dividend, Aug-26-2015
Source: Financial Times
Type: Stock Splits & Significant Stock Dividends
From: 26/Aug/2015

Eastern Holdings Ltd., 1 : 2, Stock Split or Significant Stock Dividend, Aug-26-2015

Proposed voluntary delisting at 42.5 cents sgd per share. 41.7% premium to the last transacted price of 30 cents sgd.