Eastern Holdings

[smallcaps]

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

[brattzz]

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 ...

[money]

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

[smallcaps]

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.

[money]

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

[desmondxyz]

what happened to this counter? -25%?

[opmi]

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

[desmondxyz]

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

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

[brattzz]

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

[cyclone]

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