Eastern Holdings

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Being so close to the court cases outcomes,
ST is preparing for unfavorable outcomes?

Guess so. Seems quite rush... so many places got the surname wrong:

Appointment of Kenneth Tan Kay Soon as Managing Director and Executive Chairman

Following from the resignation of Mr Stephen Tay Thian Boon, the position of Executive Chairman
and Managing Director of the Company has been assumed by Mr Kenneth Tay Kay Soon, who is an
existing Executive Director. Mr Kenneth Tay Kay Soon has been appointed as Executive Chairman
and Managing Director of the Company with effect from 8th
July 2014.


Re-organisation of Audit Committee and Nominating Committee

Following the appointment of Mr Kenneth Tay Kay Soon as Executive Chairman and Managing
Director of the Company, there has been a re-organisation to the Audit Committee and Nominating
Committee of the Company.

[brattzz]

ST going changi holiday? gosh, thought a simple fine will get him off the hook!!

[opmi]

Nothing annc yet.


Sent from my iPhone using Tapatalk

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Answer from ST's AR2014 message:

http://www.epl.com.sg/company/message.asp

Our ongoing marketing initiative has further increased occupancy rate of our self-storage business SelfStore at EPL Building, 1100 Lower Delta Road, Singapore, resulting in continual growth from strength to strength. We are in the midst of launching new business initiatives by expanding our self-storage business at Bryton House, 12 Hoy Fatt Road, Singapore.

Ahem...is this going to be another self storage brand at hoy fatt? Think the current self storage business at lower delta is under existing subsidiary SelfStore Pte Ltd.

INCORPORATION OF A SUBSIDIARY IN SINGAPORE - Selfstore (HF) Pte. Ltd.

The board of directors (the “Board”) of the Company wishes to announce that the Company has on
26 May 2014, through its wholly owned subsidiary, Hoy Fatt Pte Ltd (“Hoy Fatt”), incorporated a
company known as Selfstore (HF) Pte. Ltd.” (“Selfstore”) in Singapore with an issued and paid-up
share capital of SGD 1.00 comprising one (1) share(s) (the “Incorporation”). Hoy Fatt holds 100% of
the share capital in Selfstore.

Pursuant to the Incorporation, the Company holds 100% of the entire equity interest in Selfstore.

Selfstore will be principally engaged in the business of self storage.

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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?

Answer from AR2014:

Listed securities ($’000)
- Singapore 6,828
- Hong Kong 2,638
- United States of America 710

During the financial year, the Group and the Company acquired several equity investments which are listed in the
Stock Exchanges of Singapore, Hong Kong and the United States of America

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New investment property stated in AR2014:

713 Clementi West Street 2, #01-115
Coffeeshop with 2nd upper level residential area
Fair value of 3 mil

https://www.google.com.sg/maps/place/731...0cfa6f54ec

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The 'specific performance' pre-trial for the sale of Bryton House @ $27 mil continues this coming thursday.
So fast one year already...hope it ends soon

http://app.supremecourt.gov.sg/data/week...l_2014.pdf

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The 'specific performance' pre-trial for the sale of Bryton House @ $27 mil continues this coming thursday.
So fast one year already...hope it ends soon

http://app.supremecourt.gov.sg/data/week...l_2014.pdf

Finally, the hoy fatt 'specific performance' 4 days court trial, begins this coming tuesday:

http://app.supremecourt.gov.sg/data/week...014_v1.pdf

[brattzz]

Saw this by chance, "ECOHOUSE DEVELOPMENTS LIMITED & 2 Ors v DEAN EDWARD OAKFORD & Anor" - 4 August 2014

Interesting case too? reminds me of a thread in valuebuddies which was deleted due to lawsuits..

Google if your interested!

[opmi]

Saw this by chance, "ECOHOUSE DEVELOPMENTS LIMITED & 2 Ors v DEAN EDWARD OAKFORD & Anor" - 4 August 2014

Interesting case too?

Who is that???