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1) First was Aberdeen:
Aberdeen Asset Management PLC bought 2.5m shares @$0.8001 on 22-Sep2011 - raising stake to 99.547m shares (5.1082%)
NB: Aberdeen have make at least 22m incremental purchases since Mar2011
2) Then came Remiser King who bought 5.476m shares @$0.9918 on 04-Nov2011
by 11-Nov: he had makan another 15.364m shares raising his stake to 117.429m shares (6.03%)
for the latest purchases: the 8.766m purchased via Terzetto Capital were done at ave $1.0583 each
3) Now we also have Wee Ee Chao jumping in !!!
On 14-Nov2011: he bought 1.815m shares @$1.0318 each, his deem interest held via UOB Kayhian Pte Ltd = 97.543m shares (5.01%)
4) Insider: between Mar-to-Oct 2011, Chairman Zhong Sheng Jian (via his private vehicle "Yanlord Holding")
had spend some $15.6m purchasing some 14.456m shares at price ranging from $1.56 to $0.72
a) 28-Mar-2011 : buy 3.58m @$1.41746 each
b) 26-Jul-2011 : buy 2.032m @$1.15570 each
c) 16-Aug-2011: buy 5.000m @$0.9224
d) 03-Oct-2011: Buy 3.844m @$0.7173 RAISING his stake to Dir=9.067m (0.47%), Deem=1278.390m (65.6%)
ABOVE FOUR biggies alone, already held 82% of Yanlord's 1,948,736,476 Issue Shares
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Tycoons united vs Rating Agencies
Published November 17, 2011
Rating agencies rain on Yanlord's tycoon sunshine
By KENNETH LIM
(SINGAPORE) It was the sort of day that no one linked with Yanlord Land Group Ltd will forget in a hurry. What might have begun as an occasion to clink champagne glasses ended with a flat taste in the mouth.
Yanlord got an early boost from three separate tycoons - billionaire Peter Lim, UOB Kay Hian chairman Wee Ee Chao and Wilmar International chairman Kuok Khoon Hong - when it emerged that they recently raised their deemed stakes in the company and were now substantial shareholders.But two ratings agencies yesterday downgraded Yanlord after the market closed, threatening to wipe out yesterday's share price gains and the feel-good factor that had flowed earlier in the day.
Citing weak sales, aggressive expansion and undertain market conditions, Standard & Poor's cut the China-based luxury real estate developer's regional rating to cnBB+ from cnBBB- with a negative outlook, but maintained the company's long-term rating at BB.
Moody's Investors Service on its part slashed Yanlord's senior unsecured bond rating to Ba3 from Ba2 with a negative outlook.
Yanlord's balance sheet will be under stress after the company pays 3.5 billion yuan for two projects in Shanghai and Zhuhai, Moody's said.
'Moody's expects Yanlord to increase its onshore borrowings to fund these acquisitions and pay for the S$375 million convertible bonds which could be put in 2012,' Moody's senior analyst Ken Chan said in a statement.
Wang Anyi, Yanlord head of corporate finance and relations, said the three men had not communicated with the company beyond disclosing their stakes.
She said Yanlord was still trying to determine how much stock the trio was actually holding, as individuals and as a group, because the recent purchases seemed to have been done through investment vehicles that may have been jointly controlled.
The rating cuts cast a shadow over earlier exuberance about the stock, which shot up by 12.7 per cent yesterday, or 13.5 cents, to close at $1.195 on overnight news about the tycoons' deemed stakes.
'It closed at $1.06 (on Tuesday), opened (yesterday) at $1.14 and rallied all the way to $1.21, and everybody was wondering what was going on,' said Manoj Chamanlal, a dealer at CIMB Securities.
Carol Wu, an analyst at DBS Vickers Securities in Hong Kong, said she would maintain her 'hold' recommendation on the stock, with a 12-month price target of $0.93.
She expected the stock to correct today in light of the credit downgrades.
She reckoned that the credit action was not a surprise, because major land acquisitions are seldom welcomed by bond investors.
Still, after the stock's sharp rally yesterday, 'If I'm a fund manager, I would not buy at this moment,' she added.
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it seems that being in the board of SCCCI offers a great value.
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Cashed out half... a 60% gain in 3 mths... a good solid bet...
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Drop from more than 1.40 to below 1.09 . Any bad news ?
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Another forgotten stock.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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YANLORD ACHIEVES OPENING WEEKEND PRE-SALES OF RMB1.209
BILLION AT THE INAUGURAL LAUNCH OF NANJING YANLORD
YANGTZE RIVERBAY TOWN (PHASE 3)
(4th July 2013 – Singapore/Hong Kong) -- YANLORD LAND GROUP LIMITED
(“Yanlord”, and
together with its subsidiaries, the “Group”) announced today that it had sold 94.3% or 336 of the 356
apartment units during the first two days of its inaugural launch of apartment units at Yanlord Yangtze
Riverbay Town (Phase 3) in Nanjing on 29th June 2013 (“Launch”). An average selling price (“ASP”)
of approximately RMB27,223 per square metre (“sqm”) was achieved for the 44,395 sqm gross floor
area (“GFA”) sold. The total contracted pre-sales derived from the Launch for the first two days
amounted to approximately RMB1.209 billion.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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