Perennial Real Estate Holdings Limited (formerly: St. James Holdings Limited)

[mrEngineer]

There is more to it I think. Why put your dirty linen in front of the public unless there is a reason to achieve certain objective. Soiled relationship in the media is almost equivalent to problems forever. I just wonder to myself why go through this hassle, if there is already a third party buyer identified?

[opmi]

There is more to it I think. Why put your dirty linen in front of the public unless there is a reason to achieve certain objective. Soiled relationship in the media is almost equivalent to problems forever. I just wonder to myself why go through this hassle, if there is already a third party buyer identified?

Plenty of high profile wash dirty linen in public. Sometimes $ more important than face.

[cyclone]

13-Sep-2016 07:55:57
Request for Trading : Pending the release of announcement.

[cyclone]

13-Sep-2016 07:55:57
Request for Trading : Pending the release of announcement.

Perennial Real Estate Holdings to acquire 49.9% stake in Renshoutang, the largest integrated eldercare services operator in Shanghai, for RMB735.5 million (approximately S$148 million). This  translates to about 12.9 times Earnings Before Interest, Tax, Depreciation and Amortisation ("EBITDA") based on Renshoutang’s financial statements for full year 2015. The transaction is expected to be completed in 1Q 2017. Upon completion of the Transaction, Perennial will be the largest single shareholder of Renshoutang, followed by Dr Feng Qiang, the founder of Renshoutang. Renshoutang will become an associated company of Perennial and contribute a new stream of recurring income to the Group.

About Renshoutang  (上海人寿堂国药有限公司)
Renshoutang is one of the pioneer and most established private integrated eldercare companies in China, and also the largest private eldercare operator in Shanghai with retirement, nursing and rehabilitation homes, hospital, day care centres, pharmacies and traditional chinese medicine ("TCM") clinics. It currently operates a portfolio of 11 eldercare facilities, with over 2,400 beds, and four pharmacies, each with a dedicated TCM clinic, and all of which are located predominantly in Changning District in Shanghai. 

Renshoutang has an existing portfolio of over 2,400 beds and access to a committed pipeline and pipeline under negotiation of over 5,700 beds and 16,000 beds respectively, positioning it to be the largest eldercare services operator in the affluent and populous Yangtze River Delta Region in the next few years.

http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

[Louhan]

Perennial share price has been disappointing.... What is CEO Pua doing? Where's his magic touch? 😤

[MINX]

Perennial share price has been disappointing.... What is CEO Pua doing? Where's his magic touch? 😤

He is still incubating his eggs. You need to wait until at least  2018 before you can see the little chicks running around. Can you wait that long? 

[ValueMushroom]

If the eggs can hatch into little chicks, why not? " )

[Louhan]

If the eggs can hatch into little chicks, why not? " )

What if the eggs get rotten along the way, and the chicks don't hatch out??? 🙄

[MINX]

If the eggs can hatch into little chicks, why not? " )

What if the eggs get rotten along the way, and the chicks don't hatch out??? 🙄

Hehe, there will always be some attrition, but if you can get 7 chicks out of 10 eggs that he is incubating, it might be worth the wait? 

[ValueMushroom]

I'm not sure about the company, but somehow the short encounter with CEO Pua during one of the AGMs gave me good confidence in him.