Eastern Holdings

[opmi]

Congrats to all long suffering shareholders.

A div of 0.5c - maybe to pay for legal fees.

If Hoy Fatt could be settled or resold, it would be good. Balance sheet very much cleaned up now.

If don't pay div for 3 years, minorities may feel oppressed....


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[brattzz]

already oppressed!

BUT still shiok to HOLD AND HOLD AND HOLD!

[opmi]

already oppressed!

BUT still shiok to HOLD AND HOLD AND HOLD!

Just some info on minority oppression.

http://www.lexology.com/library/detail.a...ad78388465

http://sias.org.sg/beginnerguide/PDF/08_...Rights.pdf

[VestedInterest]

Congrats to all long suffering shareholders.

A div of 0.5c - maybe to pay for legal fees.

If Hoy Fatt could be settled or resold, it would be good. Balance sheet very much cleaned up now.

Where did you find the 0.5c number? Can't seem to find.

[safetyfirst]

go check out the last page of the recent financial statement

[opmi]

FYI only

COURT NO 24: BEFORE DISTRICT JUDGE MR SHAIFFUDDIN SARUWAN

Thursday, 5th Jun 2014) DAC 19643-44/13
PP v STEPHEN TAY THIAN BOON
Sec 156(1) Cap 50
(5-6/6, 10-12/6/14)

Friday, 6th Jun 2014) DITTO-(DAC 19643-44/13)

[smallcaps]

Accordingly to FY14 results, the 3.4 mil write down of Grove Residence before the 2012 GO, has been reversed. Looks like going back to pre-GO state, with dividends also.

There's also a financial investment of $11 mil. Wonder if its all in local stocks?

[smallcaps]

FYI only

COURT NO 24: BEFORE DISTRICT JUDGE MR SHAIFFUDDIN SARUWAN

Thursday, 5th Jun 2014) DAC 19643-44/13
PP v STEPHEN TAY THIAN BOON
Sec 156(1) Cap 50
(5-6/6, 10-12/6/14)

Friday, 6th Jun 2014) DITTO-(DAC 19643-44/13)

Wondering does this mean the verdict would be out soon? Or is it juz beginning only and will drag on a few more months?

[opmi]

(5-6/6, 10-12/6/14)

I guess there is another court session on 10-12 June. I think wont take too long after that.

There are 2 charges. This one and another one under Penal Code.

http://infopub.sgx.com/FileOpen/EHL-Ann-...leID=25390

FYI only

COURT NO 24: BEFORE DISTRICT JUDGE MR SHAIFFUDDIN SARUWAN

Thursday, 5th Jun 2014) DAC 19643-44/13
PP v STEPHEN TAY THIAN BOON
Sec 156(1) Cap 50
(5-6/6, 10-12/6/14)

Friday, 6th Jun 2014) DITTO-(DAC 19643-44/13)

Wondering does this mean the verdict would be out soon? Or is it juz beginning only and will drag on a few more months?

[safetyfirst]

hi opmi and smallcaps, would you mind sharing why the verdict is so important? i have been thinking of this for quite a while...