SingHaiyi Group (formerly: SingXpress Land)

[cif5000]

http://info.sgx.com/webcoranncatth.nsf/V...B0032C439/$file/SXL_Ann_0311A.pdf?openelement

Check this out, new boss has good contacts. Getting Neil Bush on board!

Can invest in Iraq real estate?

[Behappyalways]

Getting interesting....I am bullish of USA Dollar and Economy......

http://infopub.sgx.com/FileOpen/SHGY_Acq...eID=257922

http://infopub.sgx.com/FileOpen/SHGY_Pre...eID=257923

http://infopub.sgx.com/FileOpen/SHGY_Pre...eID=257924

not vested

[greengiraffe]

http://www.businesstimes.com.sg/premium/...r-20140607

PUBLISHED JUNE 07, 2014
From 'white knight' to Reit grower

Heng Fai Enterprises is seeing results from its first two Reits
BYLEE MEIXIAN
leemx@sph.com.sg @LeeMeixianBT

The company is still a family business, with the senior Mr Chan setting the company's macro direction, his son Tony (left) executing these ideas, and a younger son serving as COO and CIO. - PHOTO: YEN MENG JIN
Singapore
THE days of swooping in to rescue and turn around troubled companies through drastic corporate restructuring are over for Hong Kong-listed Heng Fai Enterprises.
The company, which most recently washed its hands of Singapore-listed SingHaiyi by selling it to low-profile Chinese tycoon Gordon Tang, told The Business Times that its transformation from a compulsive "white knight" to a dedicated real estate investment trust (Reit) manager has already borne its first fruit.
Its first two Reits, American Housing Reit (AHR) and Global Medical Reit (GMR), with US single-family homes and healthcare facilities as their respective assets, have both taken off; by FY15, they will migrate from the over-the-counter bulletin board to the Nasdaq mainboard.

http://www.businesstimes.com.sg/premium/...y-20140607

PUBLISHED JUNE 07, 2014
SingHaiyi eyeing more distressed US property

BYLEE MEIXIAN
leemx@sph.com.sg @LeeMeixianBT

HONG KONG-listed Heng Fai Enterprises may have guided SingHaiyi, previously a struggling interior fit-out firm, into Singapore's property development scene in 2006 and helped its market cap to grow hundred-fold to about $400 million in the immediate years that followed, but Heng Fai's exit last year also left it in the lurch, saddled with a portfolio of residential projects amid government measures to quell property speculation.
Although three of its four projects have sold well, sales at one - the 56-unit freehold CosmoLoft in Balestier - have been slow with only 10 per cent sold. This led SingHaiyi to record an impairment of $10.5 million for FY2014 after the company compared its sales and selling prices to other projects in the vicinity.
In a recent interview, SingHaiyi's management told The Business Times that more than just diversifying out of residential projects into the more resilient commercial space - evident from its taking of a 20 per cent stake in TripleOne Somerset earlier this year - the Catalist-quoted real estate firm is increasingly focusing on purchasing distressed properties in the US.
For FY2014, SingHaiyi's US operations accounted for $11.8 million (versus nothing for FY2013) or one-fifth of the group's revenue, mainly from the sale of units at its Vietnam Town commercial condominium in San Jose, California, as well as rental revenue from its Tri-County Mall in Cincinnati, Ohio.

[investor2014]

http://www.businesstimes.com.sg/premium/...r-20140607

PUBLISHED JUNE 07, 2014
From 'white knight' to Reit grower

Heng Fai Enterprises is seeing results from its first two Reits
BYLEE MEIXIAN
leemx@sph.com.sg @LeeMeixianBT

The company is still a family business, with the senior Mr Chan setting the company's macro direction, his son Tony (left) executing these ideas, and a younger son serving as COO and CIO. - PHOTO: YEN MENG JIN
Singapore
THE days of swooping in to rescue and turn around troubled companies through drastic corporate restructuring are over for Hong Kong-listed Heng Fai Enterprises.
The company, which most recently washed its hands of Singapore-listed SingHaiyi by selling it to low-profile Chinese tycoon Gordon Tang, told The Business Times that its transformation from a compulsive "white knight" to a dedicated real estate investment trust (Reit) manager has already borne its first fruit.
Its first two Reits, American Housing Reit (AHR) and Global Medical Reit (GMR), with US single-family homes and healthcare facilities as their respective assets, have both taken off; by FY15, they will migrate from the over-the-counter bulletin board to the Nasdaq mainboard.

http://www.businesstimes.com.sg/premium/...y-20140607

PUBLISHED JUNE 07, 2014
SingHaiyi eyeing more distressed US property

BYLEE MEIXIAN
leemx@sph.com.sg @LeeMeixianBT

HONG KONG-listed Heng Fai Enterprises may have guided SingHaiyi, previously a struggling interior fit-out firm, into Singapore's property development scene in 2006 and helped its market cap to grow hundred-fold to about $400 million in the immediate years that followed, but Heng Fai's exit last year also left it in the lurch, saddled with a portfolio of residential projects amid government measures to quell property speculation.
Although three of its four projects have sold well, sales at one - the 56-unit freehold CosmoLoft in Balestier - have been slow with only 10 per cent sold. This led SingHaiyi to record an impairment of $10.5 million for FY2014 after the company compared its sales and selling prices to other projects in the vicinity.
In a recent interview, SingHaiyi's management told The Business Times that more than just diversifying out of residential projects into the more resilient commercial space - evident from its taking of a 20 per cent stake in TripleOne Somerset earlier this year - the Catalist-quoted real estate firm is increasingly focusing on purchasing distressed properties in the US.
For FY2014, SingHaiyi's US operations accounted for $11.8 million (versus nothing for FY2013) or one-fifth of the group's revenue, mainly from the sale of units at its Vietnam Town commercial condominium in San Jose, California, as well as rental revenue from its Tri-County Mall in Cincinnati, Ohio.

US property prices turning around for the better?

[cyclone]

Tender for Sun Rosier at 5A How Sun Drive

SingHaiyi Group Ltd. announced that the tender submitted by SingHaiyi Properties Pte. Ltd., a wholly-owned subsidiary of the Company on a 50:50 ownership basis, together with Huajiang International Corporation Pte. Ltd., an entity controlled by Mr Gordon Tang and Mrs Serena Tang, the controlling shareholder of the Company, for the collective purchase of the property known as Sun Rosier at 5A How Sun Drive, Singapore 538528 (the “Property”) at the purchase price of S$271,000,000 had been duly accepted by the owners of the Property on 21 September 2017.

The Property is freehold with a site area of approximately 13,568.10 square metres. No development charge and differential premium is payable for the redevelopment of the site to a gross plot ratio of 1.4.

More details in http://infopub.sgx.com/FileOpen/ACQUISIT...eID=471490

[dreamybear]

All may not be as it seems ..... showflat may be full, but actual buying may be another story.

I am still wondering what is the profile of people buying condos these days(other than those en-blocers who hv to look for a new place).

----------------------------------------------------
SingHaiyi boss: Property leaves a legacy
Wed, Dec 25, 2019 - 5:50 AM Singapore

..... SingHaiyi has a current market capitalisation of about S$380 million. In the year-to date, the stock has generated a total return of 9.9 per cent, compared with total returns of 8.9 per cent and 10.6 per cent for the benchmark Straits Times Index and the broader FTSE ST All-Share Index respectively......

Apart from an established track record in residential property development, SingHaiyi also owns a diversified portfolio of income-generating assets in the commercial and retail sectors, spanning the US, Australia and Asia.......

On the demand side, many buyers are adopting a wait-and-see approach after the government's latest round of cooling measures last July, which included higher buyer stamp duties and tighter loan limits.

"This is one challenge we cannot overcome, and every developer faces the same obstacle. We have huge turnouts at our launches and showrooms, but it's difficult to get buyers to commit," Ms Tang said......

https://www.businesstimes.com.sg/compani...s-a-legacy

[cyclone]

Voluntary Conditional Cash Offer for SingHaiyi at S$0.117 per Offer Share

United Overseas Bank Limited has today announced, for and on behalf of Haiyi Treasure Pte. Ltd. (the "Offeror"), that the Offeror intends to make a voluntary conditional cash offer for all the issued ordinary shares (excluding treasury shares) in the capital of SingHaiyi Group Ltd., including all the Offer Shares owned, controlled or agreed to be acquired by parties acting or deemed to be acting in concert with the Offeror.

* The Offeror is an investment holding company owned by Mr. Gordon Tang and Mrs. Celine Tang.
* The Offer price of S$0.117 per Offer Share (“Offer Price”) in cash represents: 

• a premium of approximately 8.3 per cent. over the closing price on 8 November 2021;
  
• a premium of approximately 19.4 per cent. over the twelve-month volume weighted average price ("VWAP");
  
• a premium of approximately 17.0 per cent. over the Rights Issue Share Price (as defined below); and
  
• an opportunity for shareholders of SingHaiyi to realise their entire investment in SingHaiyi at a premium to the prevailing market prices, without incurring brokerage and other trading costs.
  

* The Offeror has secured irrevocable undertakings to accept the Offer in respect of approximately 78.37 per cent. of the share capital of SingHaiyi.

Source : https://links.sgx.com/1.0.0/corporate-an...elease.pdf

Offer Announcement : https://links.sgx.com/1.0.0/corporate-an...cement.pdf

[opmi]

knew their pattern when buy over just below 30% Chip Eng Seng stake to avoid offer then do a rights issue to cross 30%...