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01-03-2020, 01:46 PM
(This post was last modified: 01-03-2020, 01:53 PM by dreamybear.)
K2 F&B is a SG F&B grp with more than 15 years of experience in operating food centres in SG. It manages food and beverage stalls as well as food centres.
http://www.fuchangroup.com/en/index.php
Unlike the likes of Koufu, Kimly, etc, this one seems to be relatively unknown(at least from my pt of view) or maybe because it was just listed last year.
The main bulk of its assets lie in S$83m worth of investment properties with long term borrowings of S$45m.
Items that piqued my curiosity :
1. pg156 AR - Other Financial Assets
"On 24 July 2017, a subsidiary of the Company has entered into a life insurance policies (the “Policies”) to insure directors of the Company, Mr. Chu Chee Keong and Ms. Leow Poh Hoon. Under the policies, the beneficiary and policy holder is a subsidiary of the Company and the insured USD1,000,000 to each of the director. The Group is required to pay an upfront deposit of USD562,000...."
2.pg 157 AR - Amt Due from shareholder
"The amount due from a shareholder was in non-trade nature, is unsecured, charge at 3.0% interest per annum and recoverable on demand."
https://www1.hkexnews.hk/listedco/listco...429582.pdf [AR]
http://www.fuchangroup.com/en/index.php
Unlike the likes of Koufu, Kimly, etc, this one seems to be relatively unknown(at least from my pt of view) or maybe because it was just listed last year.
The main bulk of its assets lie in S$83m worth of investment properties with long term borrowings of S$45m.
Items that piqued my curiosity :
1. pg156 AR - Other Financial Assets
"On 24 July 2017, a subsidiary of the Company has entered into a life insurance policies (the “Policies”) to insure directors of the Company, Mr. Chu Chee Keong and Ms. Leow Poh Hoon. Under the policies, the beneficiary and policy holder is a subsidiary of the Company and the insured USD1,000,000 to each of the director. The Group is required to pay an upfront deposit of USD562,000...."
2.pg 157 AR - Amt Due from shareholder
"The amount due from a shareholder was in non-trade nature, is unsecured, charge at 3.0% interest per annum and recoverable on demand."
https://www1.hkexnews.hk/listedco/listco...429582.pdf [AR]
