Pan United Corporation

[edragon]

I kept my XHP shares and in fact bought some more after its listing on HKSE. Most of the earnings power value of the former PUC were in the port - check this out for yourself.

There's a lot of talk about going high tech and doing more R&D after the demerger, but construction materials is a very tough business.

In fact, I have sold all my PUC shares at a loss to transfer my investment into XHP.

Just sharing, but please do your own due diligence.

Bulk commodities (especially Logs) is the main items in the port; hope that they can prevent accidents in the operations and fully insured.

vested

[valerene]

this is kind of outdated.
i bought shares under scb and during the launch for xing hua shares, i chose to sell the stock.
till date i've not received the proceeds from it.
asked scb but they told me they are still getting feedback from their trading team.
Its been more than 2 months so just want to check if anyone in the same position as me.

Hi Valerene,

I sold my Xing Hua Shares through Pan United Corp.

I got my cheque on 12th April 2018

The price per share was SGD $0.205

May i ask your trading account with who?

[valerene]

Maybe it's already credited into your settlement a/c?  

Did you check the settlement a/c since some already rec'd the proceed on 12 Apr.

Hi hh488, i checked all but no movement at all. so sad.

[valerene]

Just an update. Finally receive the monies on 7 May. Thanks all for reply.

[cif5000]

RMC price had crept up slowly from $84 (per cu meter) more than a year ago to the current ~$95. Earnings has significantly improved but far from when RMC was >$100.

Will we see those level again? 

 

[weijian]

Earlier, SGX had issued a directive to allow companies to delay their AGM by 2 months to end June 2020.

Since final dividends have to be approved by shareholders via passing a resolution, a delay of the AGM simply means that the dividends for companies ending their FY on 31st Dec, would be similarly delayed.

So far, we have had Bonvest making the "atrocious" announcement of cancelling their dividend resolution. At the other end of the spectrum, Xinghua Group, a spin off from Pan United and listed on the HKEX 2 years ago, decides to skip the final dividend resolution (paid Aug2020) and pays out an interim dividend (paid June2020). While Towkay Ng is known to be OPMI friendly, there are probably a couple of implications i could think of wrt to Pan United:

(1) Will the expedition of dividends from Xinghua back to Towkay Ng actually means that he is preparing himself for a rights issue soon? Based on PanUnited's balance sheet and business, one can't rule it out.

(2) The amount of expedited proportioned payment that Towkay Ng receives from Xinghua Group is approximately equal to PanUnited's final dividend (which has to be approved in AGM, and now could be simply further delayed) at ~4-5mil SGD. In another sense, this could simply be Towkay Ng expediting payment from Xinghua as a replacement to fund his other private projects?



Xinghua Group interim dividend announcement on 26th March 2020: https://attachment.website.wisdomir.com/...543_en.pdf

[weijian]

Building materials prices have been recovering in the last 1-2 years, only to suffer the current whammy. The SG government's playbook to "fight recessions" is to actually create or accelerate more public building projects. With increasing more foreign workers on lock-down, it is going to take some time for the mechanism to work..

Construction to suffer double-digit knockdown from Covid-19 pandemic

AS THE novel coronavirus pandemic continues to unfold, the construction industry is expected to be hammered, with economists looking at further double-digit contraction.

"Unfortunately, the construction sector will take a big hit in Q2 2020 from the Covid-19 pandemic - first from the one-month circuit breaker and the rising infections/quarantines at foreign workers dormitories, as well as the demand shock arising from weak business and consumer confidence amid recessionary fears which could impact private sector demand for real estate," said Selena Ling, OCBC Bank chief economist.

https://www.businesstimes.com.sg/governm...9-pandemic

[edragon]

30/07/2020 09:44

Xinghua Port (01990) gets general cash offer

[ET Net News Agency, 30 July 2020] Xinghua Port Holdings Ltd. (01990) said Zhuhai Port
(Hong Kong) Co., Limited (the offeror) will make a voluntary conditional general cash
offer to acquire all of the issued shares of the company.

The price is HK$2.597 for each offer share, a premium of approximately 23.67% over the
closing price of the shares of HK$2.1 per share 24 July 2020.
The offeror has the intention to privatise the company. (RC)

vested--

[edragon]

XINGHUA PORT HOLDINGS LTD.

3 Major Shareholders own 65.54% so let's see.

Major Shareholders
Shareholder/ Current Holding/ All Sh Cap/ Date

Jane Ng & Family/ 408,809,502/ 50.20%/ 30/06/2020
Chan Hong Joo Alan*/ 77,876,203/ 9.56%/ 30/06/2020
Ng Bee Soon Patrick/ 47,108,037/ 5.78%/ 30/06/2020

*These Shares are held by Petroships Investment Pte. Ltd. (“Petroships”), which is owned as to 90% by Mr. Alan Chan Hong
Joo. Under the SFO, Mr. Alan Chan Hong Joo is deemed to be interested in the Shares held by Petroships.

--

[pianist]

Just listed a while ago so fast wanna delist it, the listing fees are become kapok not well spent