dompeilee FINALLY! I'm clear in capital gain after buying high @ $3.3675 on 3rd Feb '17! =) 04/06/2019 10:32 AM
Dont talk like so pro la.u urself stuck in canone for 2 years but diam diam there.hahahahahaa.we all know u are just a ball-less kukujiao guy behind a computer.go make some sandwiches in the kitchen
This qtr results, despite incurring losses, generated strong cash flow as a result of the high trade receivables, which should augurs well for its business.
Sino Hua-An to issue RM150m in redeemable convertible notes to fund business expansion Arjuna Chandran Shankar / theedgemarkets.com
June 14, 2019 20:30 pm +08
-A+A KUALA LUMPUR (June 14): Sino Hua-An International Bhd is proposing to issue RM150 million worth of redeemable convertible medium-term notes in order to fund business expansion measures.
In a bourse filing, the group said it has entered into a conditional subscription agreement with Advance Opportunities Fund, in which Tan Choon Wee is the principal shareholder and sole director.
Each tranche will contain RM50 million in notes. However, for the first two tranches, there will be 10 subtranches worth RM5 million each — with the third tranche having 5 sub tranches worth RM10 million.
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fullscreen The notes will mature within the first 36 months from the closing date of the first sub-tranche of the note’s first tranche.
Of the RM150 million expected to be raised, RM27 million will be utilised within three years, and is earmarked for business expansion and working capital purposes for subsidiary TouchPoint International Sdn Bhd. Another subsidiary Wavetree PLT will receive RM25 million — to be utilised within three years.
Furthermore, Bistromalones (PJ) Sdn Bhd in Malaysia has been allocated RM40 million to fund business expansion and working capital.
An additional RM22 million will go towards the subsidiary’s business expansion and working capital in China — with both allocations to be satisfied within three years.
SHIB has earmarked RM26.2 million as working capital for its core business, which is to be utilised within three years as well.
Meanwhile, the group will use RM1.6 million, to be used within one month, to defray expenses such as professional fees.
Another RM8.2 million is portioned out for the redemption or implementation of the notes, which is to be utilised within three years.
The conversion price for the notes is 18 sen apiece — representing a discount of 15%, 12% and 10% respectively for Tranches 1,2 and 3.
Metallurgical coke manufacturer Sino Hua-An International Bhd is planning to diversify into the food and beverage and mobile app segments by acquiring two companies for a total of RM14 million cash.
The red-chip company had signed a share purchase agreement with Chaswood Resources Sdn Bhd (CRSB), which owns TGI Friday in Malaysia and Teh Tarik Place, to acquire the entire stake in Bistromalones (PJ) Sdn Bhd for RM8 million.
Sino Hua-An also signed a sale and purchase agreement with Wavetree PLT, Ng Chee Seng and Cindy Wong Ling Ping to purchase the business and asset building, plus intellectual property rights owned by Wavetree — an internet of things technology solutions provider — for RM6 million.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SINO HUA-AN INTERNATIONAL BERHAD ("SHIB" OR THE "COMPANY") PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE MEDIUM TERM NOTES WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150 MILLION ("PROPOSED NOTES ISSUE") SINO HUA-AN INTERNATIONAL BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description SINO HUA-AN INTERNATIONAL BERHAD ("SHIB" OR THE "COMPANY")
PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE MEDIUM TERM NOTES WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150 MILLION ("PROPOSED NOTES ISSUE")
Sino Hua-An International Bhd is to issue RM150 million in redeemable convertible medium-term notes to fund business expansion measures. Advance Opportunities Fund, where Tan Choon Wee is principal shareholder and sole director will subscribe to the notes.
The notes will be doled out in three tranches — with all three containing RM50 million in notes. For the first two tranches, there will be 10 subtranches worth RM5 million each — the third tranche will have five sub tranches worth RM10 million. The notes are to mature within the first 36 months from the closing date of the first sub-tranche of the note’s first trance
Sino Hua-An International Bhd is to issue RM150 million in redeemable convertible medium-term notes to fund business expansion measures. Advance Opportunities Fund, where Tan Choon Wee is principal shareholder and sole director will subscribe to the notes.
The notes will be doled out in three tranches — with all three containing RM50 million in notes. For the first two tranches, there will be 10 subtranches worth RM5 million each — the third tranche will have five sub tranches worth RM10 million. The notes are to mature within the first 36 months from the closing date of the first sub-tranche of the note’s first trance
Sino Hua-An International Berhad ("Hua-An Group") was listed on the Main Board of Bursa Malaysia on 26 March 2007. Hua-An Group is the first Red Chip counter listed on Bursa Malaysia whereby its business operation is wholly and exclusively located at Linyi City,Shandong Province, China. Hua-An Group's principal activities are production and sale of metallurgical coke. Hua-An Group is classified as a Syariah-compliant security approved by the Syariah Advisory Council of the Securities Commission, Malaysia.
Name Rationale
Sino was chosen to signify the Chinese origins of the coke manufacturing plant. Hua-An is derived from Yehua (the name of the coking plant in China- Linyi Yehua Coking Company Limited) and Antah (Antah Holdings Berhad) to represent the partnership of the two entities.
To consistently provide above average return in terms of both dividend and capital appreciation to shareholders.
To consistently provide excellent product quality, customer service and to build enduring relationships with with all stakeholders especially customers and suppliers.
To strictly comply with the environmental protection regulations set by the government and play an active role in corporate social responsibility (CSR
Hua-An Group through its wholly owned subsidiary, Linyi Yehua Coking Co., Ltd. is principally involved in the production and sale of metallurgical coke and its by-products namely coal gas, tar, ammonia sulfate, crude benzene, coal slime and middlings. Metallurgical coke contributes 79% and its by-products contribute 21% to our revenue. Hua-An Group main product metallurgical coke is a critical raw material used as energy source for the manufacturing of steel. The current production capacity of metallurgical coke is 1.8 million tones per annum. Hua-An Group has its own coal washing facility which successfully commissioned on 1 May 2007. Previously Hua-An Group bought pre-washed coal (more expensive) from raw material supplier and since May 2007 we buy raw coal (which is cheaper) and wash them by our own coal washing facility which has a designed capacity of washing 2.4 million tones of raw coal per annum. The cost saving for coal washing process is approximately 5%. Hua-An Group single production plant is located at Shen Quan Zhuang Industrial Park, Luo Zhuang District, Linyi City, Shandong Province with a build-up area of 319,014 sqm. Hua-An Group has a well-trained workforce of 1,500 workers. Hua-An Group obtained ISO 9001:2000 certification for product quality since 3 April 2006.
Dalian iron ore jumps 6% to record highs on fresh trade optimism, will it help the Aussie? By Dhwani Mehta | June 19, 2019 02:43 GMT Dalian iron ore jumps 6% to record highs on fresh trade optimism, will it help the Aussie? Iron-ore prices traded on the Chinese Dalian Commodity Exchange (DCE) staged a solid comeback and rallied nearly 6% to hit an all-time high of 812 yuan ($117.66) a tonne on Wednesday.
Iron ore price at fresh 5-year high Frik Els | June 14, 2019 | 2:41 pm Markets China Iron Ore Iron ore price at fresh 5-year high Chinese mills are producing steel at an annualized rate of more than one billion tonnes. Stock image News that Vale may be restarting full production at its 30m tonnes per year Brucutu mine sooner than expected did not stop traders from chasing iron ore to fresh 5-year highs on Friday.
The Chinese import price of 62% Fe content ore advanced to $110.30 per dry metric tonne, according to data supplied by Fastmarkets MB. The price of the steelmaking raw material is up 52% year-to-date.
The index price for 66% concentrate at the main Chinese port of Qingdao surged nearly 6% to reach $118.50 a tonne while Brazilian high grade (65%) exports now go for $123.70.
Iron ore price at fresh 5-year high Trade in iron ore futures inside China has become so furious that the Dalian exchange on Friday that raised trading limits and margins for the most active contract. Price movements of up to 8% is now allowed before a circuit breaker is triggered while margins will go up to 10% from 8%.
Dalian September futures gained more than 11% this week to $115.20 a tonne, the highest since the contract’s launch in 2013
Rising input costs may force hike in steel prices Iron ore price has shot up by more than half since the beginning of this year. By Vatsala Gaur, ET Bureau | Jun 20, 2019, 07.58 AM IST
Iron price up, steel price price up , sino huaan products price sure UP. Its link... The sino huaan profit will UP too. All the best to sino huaan fans.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ling Kee Man
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Posted by Ling Kee Man > 2019-06-07 10:12 | Report Abuse
dompeilee FINALLY! I'm clear in capital gain after buying high @ $3.3675 on 3rd Feb '17! =)
04/06/2019 10:32 AM
Dont talk like so pro la.u urself stuck in canone for 2 years but diam diam there.hahahahahaa.we all know u are just a ball-less kukujiao guy behind a computer.go make some sandwiches in the kitchen