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Expanding into new market.
New Toyo International Holdings announces that its wholly-owned subsidiary, New Toyo Lamination (M) Pte Ltd, has incorporated a wholly-owned subsidiary, New Toyo Aluminium Gulf Paper Packaging FZE, in Jebel Ali Free Zone, Dubai, the United Arab Emirates, with a share capital of AED10,000,000 (approximately S$3,900,000) comprising 10,000,000 shares of AED1.00 each.
The principal activity of the New Subsidiary is the manufacturing and sale of specialty papers.
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(08-12-2016, 06:59 PM)cyclone Wrote: Expanding into new market.
New Toyo International Holdings announces that its wholly-owned subsidiary, New Toyo Lamination (M) Pte Ltd, has incorporated a wholly-owned subsidiary, New Toyo Aluminium Gulf Paper Packaging FZE, in Jebel Ali Free Zone, Dubai, the United Arab Emirates, with a share capital of AED10,000,000 (approximately S$3,900,000) comprising 10,000,000 shares of AED1.00 each.
The principal activity of the New Subsidiary is the manufacturing and sale of specialty papers.
Cyclone,
Can't locate the announcement. Can you attach the announcement? Many thanks. 
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(08-12-2016, 09:02 PM)Young Investor Wrote: (08-12-2016, 06:59 PM)cyclone Wrote: Expanding into new market.
New Toyo International Holdings announces that its wholly-owned subsidiary, New Toyo Lamination (M) Pte Ltd, has incorporated a wholly-owned subsidiary, New Toyo Aluminium Gulf Paper Packaging FZE, in Jebel Ali Free Zone, Dubai, the United Arab Emirates, with a share capital of AED10,000,000 (approximately S$3,900,000) comprising 10,000,000 shares of AED1.00 each.
The principal activity of the New Subsidiary is the manufacturing and sale of specialty papers.
Cyclone,
Can't locate the announcement. Can you attach the announcement? Many thanks.
Dear Young Investor,
Here is the link : http://infopub.sgx.com/FileOpen/NTIH_Inc...eID=432353
Code: http://infopub.sgx.com/FileOpen/NTIH_Incorporation%20of%20a%20Subsidiary.ashx?App=Announcement&FileID=432353
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(08-12-2016, 10:30 PM)cyclone Wrote: (08-12-2016, 09:02 PM)Young Investor Wrote: (08-12-2016, 06:59 PM)cyclone Wrote: Expanding into new market.
New Toyo International Holdings announces that its wholly-owned subsidiary, New Toyo Lamination (M) Pte Ltd, has incorporated a wholly-owned subsidiary, New Toyo Aluminium Gulf Paper Packaging FZE, in Jebel Ali Free Zone, Dubai, the United Arab Emirates, with a share capital of AED10,000,000 (approximately S$3,900,000) comprising 10,000,000 shares of AED1.00 each.
The principal activity of the New Subsidiary is the manufacturing and sale of specialty papers.
Cyclone,
Can't locate the announcement. Can you attach the announcement? Many thanks.
Dear Young Investor,
Here is the link : http://infopub.sgx.com/FileOpen/NTIH_Inc...eID=432353
Code: http://infopub.sgx.com/FileOpen/NTIH_Incorporation%20of%20a%20Subsidiary.ashx?App=Announcement&FileID=432353
Lol apparently need to choose" Company Name1" option rather than the "SecurityName2" option under" filter by", under "company announcements" on the SGX website ( Took me a couple minutes to figure out ). For some weird reason it doesn't show up if you choose to filter by the security name. Probably 2 different system on the SGX announcement software. Either that or its a bug somehow happen when the company uploaded the announcement.
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Australia government has announced that the 2nd Sidney Airport will be built not too far from the Aussie plant. Are the real estates undervalued currently?
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Yes new toyo has not revalued the old factory site yet. Once the airport is complete and roads Linked up to that area, land values are going to go up for sure.
Question is if new toyo will unlock the value by selling at big profit or redevelop and rent out for recurring income.
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The value of the property (32 Britton Street, Smithfield), in which New Toyo has a 76% stake, must have already gone up.
Smithfield lies between Sydney and Badgerys Creek, the site of Sydney's new airport. It is 31 km from Sydney and 21 km from Badgerys Creek.
In May, Mapletree Logistics Trust paid A$ 27.8m to buy 53 Britton Street, Smithfield:
(Mapletree's announcement dated May 29, 2016)
http://infopub.sgx.com/FileOpen/MLT_Sydney%20Acquisition_PR_29May16.ashx?App=Announcement&FileID=406923
Google search reveals that the two properties are nearby and on the opposite sides of the road.
Their land areas and built-up areas (both in sq ft) are similar:
......................32 Britton St.....53 Britton St
Land area.............358,008............396,111
Built-up area.........150,700...........145,140
http://www.realcommercial.com.au/property-industrial+warehouse-nsw-smithfield-500675407
(1 sq m = 10.7639 sq ft)
Mapletree leased 53 Britton Street to Cope Sensitive Freight.
The book value of land and buildings at 32 Britton St was RM 45.7m (equivalent to A$ 14m) at end-2015, half of what Mapletree paid for 53 Britton St.
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Lol like that better quickly sell to mapletree loh, Australia looks like maybe recession sooner than singapore lo
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From the following link, one can see that there are 3 companies near Anzpac, which is New Toyo's subsidiary, involved in aviation businesses:
Cope Sensitive Freight
Byron Aviation
Tasfreight
https://www.google.com.sg/maps/@-33.8432...395336,17z
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Financial Results for the year ended 31 December 2016 (FY2016)
Highlights:
1. For the year ended 31 December 2016, the Group's turnover decreased by S$14.99 million or 5.7% to S$249.16 million
2. Gross profit decreased by S$5.61 million or 13.1% to S$37.11 million for FY2016 as compared to S$42.72 million last year
3. The Group's profit after tax attributable to equity holders of the Company increased by S$1.23 million or 8.4% to S$15.90 million for FY2016 (S$14.67 million in the same period last year)
4. Cash flows from operating activities for FY2016 was 19,346 million versus 27,482 million for FY2015
5. Proposed final dividend of 1.1 cent for FY2016 versus 1 cent for FY2015
6. NAV per shares as at 31 December 2016 was 40.69 cent versus today's closing price of 28.5 cent
7. Total number of issued shares as at 31 December 2016 was 439,424,603
8. Earnings per share for FY2016 was 3.62 cent
More details in http://infopub.sgx.com/FileOpen/NTIH4QFY...eID=440789
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