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17-03-2020, 12:47 PM
the excess rights and full subscription at 63 cents committed by the Tang family seems overly excessive now, hmm...
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Chip Eng Seng
Chip Eng Seng
Chip Eng Seng
02-04-2020, 08:29 AM
Their hotels will bleed them very badly . Would imagine that the hotels at Maldives will be like ghost towns....
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1H Result as at 30 Jun 2020
Rev $289m (vs 374m) GP $34m (vs 91m) Loss after tax $25m (vs +13m) "The Group's performance in 1H2020 was adversely affected by the measures taken by the government to tackle the spread of coronavirus which saw most of the Group's construction and development sites closed since 7 April 2020. As a results of stoppage of construction, minimal revenue as recognised for the affected projects since 7 April 2020 till the end of 1H2020." Stay safe and stay healthy, please. 
Chip Eng Seng - selling aus property
has on 18 December 2020 entered into an agreement (the “Contract of Sale”) to sell (the “Proposed Disposal”) its property located at 15- 55 and 85 Gladstone Street, South Melbourne, Victoria, 3205 (the “Property”). The Proposed Disposal will allow the Group to re-deploy its capital to pursue opportunities that can generate better returns based on current and anticipated market conditions, taking into account the impact of the COVID-19 pandemic on the real estate sector in Melbourne. The sale price for the Property is A$65,000,000 (the “Sale Price”), and is subject to customary adjustment on completion of the Proposed Disposal (“Completion”). FINANCIAL IMPACT The Proposed Disposal and the termination of the Residential Sale Contracts are not expected to have any material impact on the net tangible assets and the earnings per share of the Company for the current financial year ending 31 December 2020 or for the financial year ending 31 December 2021. https://links.sgx.com/FileOpen/Annc_Prop...eID=642784 Stay home and stay safe, everyone.
Chip Eng Seng@45 - buying Australia Property
The Board is pleased to announce that CES Grosvenor has completed the acquisition of the Property (the “Acquisition”) on 1 July 2021. The purchase price for the Property is A$2.5 million. The Property consists of a commercial building comprising 2-storeys and a basement, with direct frontage towards Hindley Street. The Property is situated on a freehold site and has a land size of approximately 287 square metres. Currently, the Property is fully tenanted and is occupied by two tenants under the following commercial leases: (i) 80 Hindley Street is leased for use as a convenience store for a term of 3 years expiring in November 2023, with an option to renew for a further term of 2 years; and (ii) 82 Hindley Street is leased for use as a bar for a term of 3 years expiring in September 2023, with an option to renew for a further term of 3 years. RATIONALE OF THE PROPOSED ACQUISTION In March 2018, the Group completed the acquisition of its hotel in Adelaide, Australia (now known as Grosvenor Hotel Adelaide) located at 121-125 North Terrace (the “Hotel”) and the adjoining commercial properties located at 72 and 74-78 Hindley Street (the “Acquired Hindley Street Properties”). The Property is adjoining the Acquired Hindley Street Properties. The site on which the Hotel, the Acquired Hindley Street Properties and the Property are situated is centrally located within the Capital City Zone in the central business district of Adelaide. The Group had acquired the Hotel and the Acquired Hindley Street Properties as the zone allows for flexibility in potential redevelopment opportunities to stimulate activities and vibrancy within the central business district. The Hotel, the Acquired Hindley Street Properties and the Property will collectively occupy a freehold site of over 4,000 square metres. While the Group considers its redevelopment plans for the area, the Proposed Acquisition in the meantime presents the opportunity for the Group to have increased frontage along Hindley Street, which will allow it to better manage the tenant mix along that street. https://links.sgx.com/FileOpen/Completio...eID=673320 Stay home and stay safe, everyone.
CES@45
Update on PRC education business https://links.sgx.com/FileOpen/CES_Annc_...eID=676053 Stay home and stay safe, everyone.
CES@45
1HFY2021 Result https://links.sgx.com/FileOpen/CES-1H202...eID=677569 https://drive.google.com/open?id=18d0-VM...CQ58_vYSJh Stay home and stay safe, everyone.
07-08-2021, 06:52 PM
(05-08-2021, 10:52 PM)¯|_(ツ)_/¯ Wrote: CES@45 lol 45cents, where are all the CES longs now? BUying the dip? Well at least profitable now and has come down to fairly valued levels.
Virtual currencies are worth virtually nothing.
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