Dukang Distillers Holdings

[yeokiwi]

There are some interesting articles on Li Wei. Now, Dukang is the only listed company under his group. Centraland and Synear had delisted.

http://m.yicai.com/news/3806561.html

http://oicwx.com/detail/728024

http://www.docin.com/p-1717190463.html

[CY09]

I always ask this question of Dukang when i see its balance sheet.

Cash of 559 Mil RMB - Interest received: 469,000 RMB
Debt of 135 mil RMB - Finance Cost: 2,170,000 RMB

It does not make business sense

[touzi]

In contrast with Dukang, Moutai is doing well despite the Chinese govt's austerity campaign. In fact, according to the SCMP article, "Other baijiu distillers have also fared well. Sichuan Swellfun, which operates a distillery that traces its roots to the end of the Mongols’ 14th century rule over China, reported a 26 per cent increase in interim profit, while Jiugui Liquor’s net profit more than doubled in the first half."

Dukang's reasons are production was affected by severe air pollution, intensified competition from other baijiu brands, wine and beer.  I guess it is a matter of time before Li Wei and Co, make minority shareholders an offer to privatize Dukang.

http://infopub.sgx.com/FileOpen/DKDH_4QF...eID=468863

http://www.scmp.com/business/china-busin...f-its-home

[weijian]

So this "helping of authorities" to control pollution is going to be a yearly event now?

SEVERE AIR POLLUTION IN THE PEOPLE’S REPUBLIC OF CHINA

http://infopub.sgx.com/FileOpen/DK%20-%2...eID=479562

[touzi]

So this "helping of authorities" to control pollution is going to be a yearly event now?

SEVERE AIR POLLUTION IN THE PEOPLE’S REPUBLIC OF CHINA

http://infopub.sgx.com/FileOpen/DK%20-%2...eID=479562

Yes, that is what the CEO said when asked during the AGM. Moutai does not face this problem because their production facilities are in the south. I don't think China's pollution problem will go away within the next few years.

[Wildreamz]

This stock never cease to amaze me with how far it can fall. In 5 years, it has loss 95% of it's market value. Short-sellers would have made a big killing on this.

[cyclone]

Notification of Inclusion on the Watch-List Due to the Minimum Trading Price Entry Criterion

Singapore Exchange Securities Trading Limited (the "SGX-ST") has notified the Company on 4 June 2019 that the Company would be placed on the watch-list with effect from 6 June 2019 pursuant to Listing Rule 1311(2) of the SGX-ST Listing Manual.

The Company must take active steps to meet the requirements of Listing Rule 1314(2) of the SGX-ST Listing Manual within 36 months from 6 June 2019, failing which the SGX-ST would either delist the Company or suspend trading of the Company’s shares with a view to delisting the Company.

Listing Rule 1314(2) of the SGX-ST Listing Manual states that the issuer will be assessed by the SGX-ST for removal from the watch-list if it records a volume weighted average price of at least S$0.20 and an average daily market capitalisation of S$40 million or more over the last 6 months.