Advanced Integrated Manufacturing Corp

[cyclone]

With this acquisition at Jalan Tenteram (Kallang/Whampoa), total minimarts should be 12 now.

21 January 2016, Advanced Integrated Manufacturing Corp. Ltd. wishes to announce that its wholly-owned subsidiary, Hao Mart Pte. Ltd. (previously known as IMS Corporation Pte. Ltd.), has entered into an asset purchase agreement for the acquisition of a minimart business located at Blk 17 Jalan Tenteram #01-128 Singapore 321017, for a consideration of S$108,000 and shall be paid in cash.

[LionFlyer]

Is this a good business model to be in? I don't see them as a potential Sheng Siong, but more like a Hanwell, which doesn't seem to be doing very well.

[cyclone]

With this acquisition at Potong Pasir, total minimarts should be 13 now.

22 January 2016, Advanced Integrated Manufacturing Corp. Ltd. wishes to announce that its wholly-owned subsidiary, Hao Mart Pte. Ltd. (previously known as IMS Corporation Pte. Ltd.), has entered into an asset purchase agreement for the acquisition of a minimart business located at Blk 120 Potong Pasir Ave 1 #01-812 Singapore 350120 for a consideration of S$280,000 and shall be paid in cash.

[cyclone]

Proposed Voluntary Delisting at S$0.210 per share.
* 22.8% premium over last transacted price on the SGX-ST on 16 November 2016, being the last trading day on which the shares were traded prior to trading halt for the delisting announcement.
* 6.1 premium over volume weighted average price for the 12-month period prior to and including the last trading day

http://infopub.sgx.com/FileOpen/AIM%20-%...eID=430581

[dreamybear]

I stumbled unto this company recently when chancing upon a gorgeous GCB and a local celebrity. Understand this is an old thread and the company had been delisted years ago, but given the history of the founder and looking at HAO Mart's expansion, I have a weird feeling that perhaps HAO Mart might be working towards an IPO. If that is the case, the prospectus would offer further insights on the minimart/supermarket industry in SG.

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HAO Mart CEO Has An Exquisite GCB That Resembles A Spacecraft, Shaped Like An ‘8’ For Prosperity
https://blog.uchify.com/hao-mart-gcb/

HAO Mart branches out with niche offerings, halal concepts
https://www.businesstimes.com.sg/sme/hao...l-concepts
".....Opening as many as eight outlets in a single month at one point, HAO Mart today has 44 outlets in four distinct retail formats, including minimarts, supermarkets and Halal Hub outlets catering to the Muslim community. It has achieved 50 per cent growth year on year since it was founded in 2016, and is on track to achieve S$100 million in revenue this year. This will surpass revenue from HAO Corp's Advanced Integrated Manufacturing business, a goal the group has pursued since starting the grocery business ....."

Founder to delist Advanced Integrated Manufacturing at 21 cents per share
https://www.businesstimes.com.sg/compani...-per-share
"THE founder of Advanced Integrated Manufacturing Corp Ltd (AIM) has proposed to take the group private at 21 cents per share in a voluntary delisting offer, 11 years after he first brought the company to list on the mainboard...."

[karlmarx]

I guess I shouldn't be surprised that HAO Mart has such a big backer.

The stores are obviously underperforming, the owner has probably lost quite a fair bit over the years, and it looks like they are still doubling down. They are simply not competitive in terms of price and selection. Valuedollar, which is another aspiring supermarket, but they seem to be on much firmer footing.

The one thing Dr Tan got correct is that there is opportunity in the supermarket business. But he probably would have done much better if he used his money to buy SS shares instead.

Just because you know how to kick a ball doesn't mean you will do well as a professional footballer!