Keong Hong Holdings

[crosscalibre]

hi value mushroom, may I know how you got 15.12%? I checked on sgx under substantial shareholders and could not find their name.

[ngcheeki]

hi value mushroom, may I know how you got 15.12%? I checked on sgx under substantial shareholders and could not find their name.

Please see the following announcement

The Board of Directors (the “Board”) of Keong Hong Holdings Limited (the “Company”) is pleased to announce that the Company has acquired 15,000,000 ordinary shares representing
15.12% in the capital of Kori Holdings Limited, a company listed on Catalist of the Singapore Exchange Securities Trading Limited (“Acquired Shares”), through married deal.

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

not vested but monitoring

[crosscalibre]

Thanks! Interesting that they would utilize a married deal when Kori issued a convertible bond to Keong Heong in 2013 at a conversion price of $0.42. I think it is a sign of things happeneing in Kori due to the company's margins being squeezed.

Revenue:
FY2014 31,212,000
FY2013 67,757,000
FY2012 52,929,000

COGS:
FY2014 27,427,000
FY2013 56,163,000
FY2012 42,139,000

% of COGS on Revenue:
FY2014: 87%
FY2013: 82%
FY2012: 79%

i hope the analysis is accurate

hi moderator, if this is more relevant in the Kori boards, please move it there.

[ValueMushroom]

If all the convertible bonds were to be converted, what is the percentage holdings that Keong Hong would have?

[shn]

Update on Skypark residences
19 March 15: 363 units sold and 143 available (71.7% sold) based on http://www.executivecondominium.sg/

Update on Amore
18th Mar – Up till march 2015 , Amore EC more than 100 units were sold ,
http://singnewhomes.com/amore-ec-at-punggol-central/

[crosscalibre]

If all the convertible bonds were to be converted, what is the percentage holdings that Keong Hong would have?

voyager's research report states that if it was to be converted their holding would be at 24.2%

http://www.keonghong.com/misc/Strategic_...l_2015.pdf

[morten]

Anyone here know any unit buyers of this condo developed by MCL Land called Terrasse .

Hearsay lots and lots of complaints from buyers after they collected the keys.

And the construction company on this project?

K H.

[krowten]

KH is now 44.5/45.0 cents. Quite a strong run up as the earnings are expected to be strong in Q2 and Q3.

[mkmk]

http://infopub.sgx.com/FileOpen/Keong%20...eID=344395

KEONG HONG’S JOINT VENTURE COMPANY APPOINTS ACCOR TO MANAGE ITS FIRST TWO HOTELS IN THE MALDIVES

Singapore, 16 April 2015 – Pristine Islands Investment Pte. Ltd. (“Pristine” or the “JVC”), a joint venture company set up by Keong Hong Construction Pte Ltd (“KHC”), a wholly-owned subsidiary of Keong Hong Holdings Limited (强枫控股有限公司) (“Keong Hong” or the “Company”) and its joint venture partners, Sansui Holding Pte. Ltd. (“Sansui”), BRC Asia Limited (“BRC”), L3 Development Pte. Ltd. (“L3”) and Hotels & Resort Construction Pvt. Ltd. (“HRC”), today announces the appointment of Accor, to manage its first two hotel properties in the Maldives. Accor, the world’s leading hotel operator and market leader in Europe and Asia Pacific, will provide the full spectrum of hotel management services, including consultancy on the design and construction of the two new-build hotels.

Keong Hong’s Chief Executive Officer and Executive Chairman, Mr Ronald Leo (梁 平), who is also the JVC Chief Executive Officer, said, “The upscale Pullman Maldives Maamutaa Resort and mid-scale Mercure Maldives Kooddoo Resort will be our first two hotel developments in the Maldives and we are pleased to partner with Accor, which has a large brand portfolio catering to different market segments and a strong brand presence in Europe and Asia Pacific. We believe that this partnership, with our collective experience, will create a new and very exciting holiday destination in the Maldives.”

(Not vested)

[ValueMushroom]

Construction for Twin Waterfalls has been completed, waiting eagerly for the issuance of TOP certificate and keys so that money can be collected : )