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Fu Yu Corporation
19-07-2017, 07:08 PM.
Post: #91
RE: Fu Yu Corporation
Hi Desmond,

Mr Ng was a former executive director of Fu Yu.

Here are some background info (ctrl + F "Ng Hock Ching"):
1. http://www.asiaone.com/print/News/AsiaOn...97892.html
2. http://infopub.sgx.com/Apps?A=COW_CorpAn...W88Soh95PY

In matters regarding their subsequent then-executive director: http://www.fuyucorp.com/Attachments/FYC_...gation.pdf. He left the company shortly. http://www.straitstimes.com/business/com...urt-ruling

of course, the firm is led by better management these days.

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19-07-2017, 10:03 PM.
Post: #92
RE: Fu Yu Corporation
A few years ago, he made an offer to acquire 10 percent of fuyu shares at around half the current share price. The offer did not succeed. What's interesting to me is that I sat next to him during the agm. The offer was still open at that time. A few Shareholders were questioning the board about the offer but no one seems to realize the offerer was sitting in the room as a shareholder. Actually I think most of the so called shareholders prob knew. If you have attended fuyu agms, there are always a lot of shareholder whom I believe are company staff who are there to quickly propose and second the agm motions.
Off my memory, I remember Mr Ng slowly built up to his current holdings through some off market purchases, probably from the previous chairman Mr Lui, whom seem to have completely divested his shares through the years.

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26-02-2019, 07:46 PM.
Post: #93
RE: Fu Yu Corporation
Financial Results for the Year Ended in 31 December 2018 ("FY2018")

Highlights:
1. Group revenue in FY2018 edged higher by 1.4% to S$197.7 million
2. Gross profit margin expanding to 17.8% in FY2018 from 17.1% in FY2017
3. Group’s net profit attributable to owners of the Company ("PATMI") jumped 165.5% to S$11.9 million in FY2018 from S$4.5 million in FY2017
4. Group’s operating profit in FY2018 increased 16.9% to S$15.5 million from S$13.2 million in FY2017
5. Sound balance sheet with cash balance of S$80.3 million and zero borrowings
6. Shareholders' equity stood at S$164.1 million, equivalent to net asset value of 21.80 cents per share, inclusive of cash and cash equivalents of around 10.67 cents per share
7. Final dividend brings its total dividend payments for FY2018 to 1.6 cents per share .

More details in :
1. https://links.sgx.com/1.0.0/corporate-an...uddies.com
2. https://links.sgx.com/1.0.0/corporate-an...uddies.com

Fu Yu Corporation today closed at S$0.21, +0.0050 (+2.44%).
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
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