(15-04-2015, 11:57 AM)BlueKelah Wrote: [ -> ] (15-04-2015, 10:17 AM)leeeta Wrote: [ -> ]Talking about getting Garden fresh beyond China, it is interesting to note that in a circular dated 12th Dec 2014, Sino Grandness signed an advisory agreement with PM group for advisory services.
PM group, founded by Prayudh Mahatgisiri established a instant coffee plant in Thailand in joint venture with Nestle under their world famous brand name ~ Nescafé. The JV Quality coffee products Co. Ltd. currently shares the same office address as Nescafé (trading) Thailand co. Ltd.
Will we see loquat juice expand beyond China and SEA?
Expansion is possible so long there are chinese overseas with same taste.
To become mainstream juice like orange or apple juice is unlikely just due to the nature of the fruit. It has usually 4 poisonous seeds (quite large) which needs to be removed before juicing. Ripe fruit are also easily bruised, so hard to harvest. On top of that, the fruit is rather pulpy like plum/apricot so culinary wise is actually more suitable for making thing like jam/jelly/chutney.
These are all just technical but all these extraction difficulties would likely make it a more expensive juice to produce, unless artificial flavouring is introduced, but that would be counter to the health benefits of the juice.
And the "Pei Pa Koa" we chinese are so used to when we get sore throat/cough is actually produced from the loquat leaves as a component and not fruit.(WIKI : Pei Pa Koa is made up of a blend of herbal ingredients[6] including the fritillary bulb (Fritillariae cirrhosae, 川貝母), loquat leaf (Eriobotrya japonica, 枇鈀葉), ladybell root (Adenophora stricta, 南沙參), Indian bread (Wolfiporia extensa, 茯苓), pomelo peel (Citrus maxima, 化橘紅), chinese bellflower root (Platycodon grandiflorum, 桔梗), pinellia rhizome (Pinellia ternata, 半夏), Schisandra seed (Schisandra chinensis, 五味子), Trichosanthes seed (Trichosanthes cucumerina, 瓜蔞子), coltsfoot flower (Tussilago farfara, 款冬花), thinleaf milkwort root (Polygala tenuifolia, 遠志), bitter apricot kernel (Prunus armeniaca, 苦杏仁), fresh ginger (Zingiber officinale, 生薑), licorice root (Glycyrrhiza uralensis, 甘草),[7] and menthol in a syrup and honey base.)
Would suspect the fruit juice probably is full of antioxidants and vitamins just like other fruits like plums so nothing that special, though consumers being consumers might think that the juice is the same as the medicine.
[Image: 200px-Eriobotrya_japonica3.jpg]
Image from Wiki
Hi Miss BlueKelah
Thank you for this good post. It got me a little curious and I went to search for more info on the health benefits. Oldman like me will enjoy drinking loquat juice for healthier life for sure.
Summary of benefits.
Protect from Colon Cancer
Improves Skin Health
Protect from Lung and Oral cavity cancer
Controls heart rate and Blood Pressure
Promotes Weight loss
Increase Blood formation
Improve Eye vision
Strengthen Bone & Teeth
Excellent Source of Vit A and minerals (iron, copper, calcium, manganese )
Reduce Blood Cholesterol levels
Fights Memory Impairment, Neurological & Oxidative Stress
Anti-Inflammatory & Analgesic Properties
Prevents Diabetes & Hyper Lipidemia
and many more.
from the following links.
http://www.stylecraze.com/articles/amazi...of-loquat/
http://wiki-fitness.com/loquat-fruit-health-benefits/
http://www.nutrition-and-you.com/loquat-fruit.html
http://www.healthbenefitstimes.com/healt...of-loquat/
Thanks once again.
rgds
Oldman9
(14-04-2015, 11:15 AM)specuvestor Wrote: [ -> ]You have a company that has a generally negative perception of the financials and you get Ah Tiong & Co to audit? Not saying that the big4 are really good in discovering irregularities per se but they at least instill confidence into the numbers for the IPO. Similarly if Goldman is lead manager of the IPO, then it speaks volume, though we can't say Goldman's IPO never flop.
Nether does a more "recognisable" name like Grant Thornton makes it any better
http://www.valuebuddies.com/thread-3371-...l#pid97925
That said now is a good time when China market is hot to IPO. People might not even care so much about short term perception, but the company and lead will still be taking big risk on IPO demand if the perception is not managed well. If they don't grab this window then it is June redemption that we will be looking at.
No prices in guessing why the SHK bonds are extended to June rather than coincide with GS bonds in July. Fat lady have to sing soon and VBs should be able to asset allocate correctly and execute by the catalysts with all the info provided in this thread.
The reporting accountant will be one of the big 4 and not Foo Kon Tan LLP or Grant Thorton. The question was asked at the AGM by a shareholder.
yup the stock sold down cause the IPO is unlikely to happen this year
(24-04-2015, 12:59 PM)specuvestor Wrote: [ -> ]yup the stock sold down cause the IPO is unlikely to happen this year
Where did you hear that from?
this is terrible but still ok..
(24-04-2015, 01:08 PM)leeeta Wrote: [ -> ] (24-04-2015, 12:59 PM)specuvestor Wrote: [ -> ]yup the stock sold down cause the IPO is unlikely to happen this year
Where did you hear that from?
Based on the reply from the AGM, it's not even in process yet.
But the CB is still the most important catalyst.
(24-04-2015, 02:29 PM)specuvestor Wrote: [ -> ] (24-04-2015, 01:08 PM)leeeta Wrote: [ -> ] (24-04-2015, 12:59 PM)specuvestor Wrote: [ -> ]yup the stock sold down cause the IPO is unlikely to happen this year
Where did you hear that from?
Based on the reply from the AGM, it's not even in process yet.
But the CB is still the most important catalyst.
Hi Specuvestor,
I suppose you were at the AGM. Oldman here sick these few days. Coughing, so did not go.
Can I know what you mean they are not even in process yet? Do you mean they have not started? Which means the restructuring of the company is done by themselves and not as advised by the sponsors?
Thanks
Oldman9
(24-04-2015, 02:29 PM)specuvestor Wrote: [ -> ] (24-04-2015, 01:08 PM)leeeta Wrote: [ -> ] (24-04-2015, 12:59 PM)specuvestor Wrote: [ -> ]yup the stock sold down cause the IPO is unlikely to happen this year
Where did you hear that from?
Based on the reply from the AGM, it's not even in process yet.
But the CB is still the most important catalyst.
The process has started for quite a while. Cannot be that they paid rmb12m (from Ar2014 pg 97) so far on the IPO process for nothing.
In the business update dd 9th Mar 2015, company stated the following..
"The Proposed Spin-Off is a complex corporate exercise as it involves extensive work to be done by
multiple external professional parties. As part of the on-going Proposed SpinOff, the Group announced in January 2015
the incorporation of Garden Fresh Group Holding Co., Ltd (鲜绿园集团控股有限公司) in Cayman Islands as well as Garden Fresh Group Co., Limited (鲜绿园集团股份有限公司) in Hong Kong. "
If you are there at the AGM, I am sure you heard that the reporting accountant is from the big 4.
Based on the above, it is very clear to me that the IPO process has started and for a long long while, question is when will they do the submission.
(25-04-2015, 05:21 PM)leeeta Wrote: [ -> ] (24-04-2015, 02:29 PM)specuvestor Wrote: [ -> ] (24-04-2015, 01:08 PM)leeeta Wrote: [ -> ] (24-04-2015, 12:59 PM)specuvestor Wrote: [ -> ]yup the stock sold down cause the IPO is unlikely to happen this year
Where did you hear that from?
Based on the reply from the AGM, it's not even in process yet.
But the CB is still the most important catalyst.
The process has started for quite a while. Cannot be that they paid rmb12m (from Ar2014 pg 97) so far on the IPO process for nothing.
In the business update dd 9th Mar 2015, company stated the following..
"The Proposed Spin-Off is a complex corporate exercise as it involves extensive work to be done by multiple external professional parties. As part of the on-going Proposed SpinOff, the Group announced in January 2015 the incorporation of Garden Fresh Group Holding Co., Ltd (鲜绿园集团控股有限公司) in Cayman Islands as well as Garden Fresh Group Co., Limited (鲜绿园集团股份有限公司) in Hong Kong. "
If you are there at the AGM, I am sure you heard that the reporting accountant is from the big 4.
Based on the above, it is very clear to me that the IPO process has started and for a long long while, question is when will they do the submission.
I reckon the "process" referred by Mr. specuvestor, is the process after submission, rather the internal preparation process.
(24-04-2015, 12:43 PM)leeeta Wrote: [ -> ]The reporting accountant will be one of the big 4 and not Foo Kon Tan LLP or Grant Thorton. The question was asked at the AGM by a shareholder.
(25-04-2015, 05:21 PM)leeeta Wrote: [ -> ]If you are there at the AGM, I am sure you heard that the reporting accountant is from the big 4.
Based on the above, it is very clear to me that the IPO process has started and for a long long while, question is when will they do the submission.
As per your previous post, i think the operative term from the CFO is "will be" big4
They have yet to get any of the professional parties to vest in the IPO, as these parties will be personally liable based on the new rules, which was their explanation why the process is taking so long.
They filed nothing with HKSE. Zilch. Without the pressure from the CB, the IPO will happen "not so soon"
As per my PM to oldman9 IMHO the signs are that the IPO is not happening this year.