Father retired from NEw Toyo's board altogether and Son gave up position as CEO.
What will come next?
Full divestment?
********
Leadership and Board Change
On 30 September 2011, the Company announced that Mr Yen Wen Hwa, the founder of the Group, retired from his position as Non-Executive Chairman. Mr Yen set up the first New Toyo company in 1975, served and built the Group for 36 years. We sincerely thank Mr Yen for his invaluable contribution.
At the same time, Mr Gary Yen, relinquished his Chief Executive Officer role and was appointed the Non-Executive Chairman. Mr George Lee, Head of Business SP, was appointed the Acting Chief Executive Officer.
The new leadership for both the board and management are exciting as we look forward towards an ambitious future.
(22-04-2012, 11:27 AM)ngcheeki Wrote: [ -> ]Don't wait here the AR 2011 
1 YEN WEN HWA @ NGAN TZEE MANH 91,959,164 20.93
2 YEN & SON HOLDINGS PTE LTD 58,817,940 13.39
3 LU LE NHI 29,092,577 6.62
4 HONG LEONG FINANCE NOMINEES PTE LTD 25,712,000 5.85
5 DMG & PARTNERS SECURITIES PTE LTD 22,410,000 5.10
6 CHIA KEE KOON 18,688,000 4.25
7 WUTHELAM HOLDINGS LTD 7,000,000 1.59
8 MAYBANK KIM ENG SECURITIES PTE LTD 6,750,800 1.54
9 UOB KAY HIAN PTE LTD 5,233,604 1.19
10 OCBC SECURITIES PRIVATE LTD 4,857,800 1.11
11 CITIBANK NOMINEES SINGAPORE PTE LTD 4,340,000 0.99
12 DBS NOMINEES PTE LTD 3,653,629 0.83
13 DBS VICKERS SECURITIES (SINGAPORE) PTE LTD 3,511,280 0.80
14 UNITED OVERSEAS BANK NOMINEES PTE LTD 3,348,200 0.76
15 CHIANG KOK MENG 2,994,000 0.68
16 YEO KHEE CHYE 2,397,000 0.55
17 TAN CHONG YAN 2,387,000 0.54
18 PHILLIP SECURITIES PTE LTD 2,163,000 0.49
19 HSBC (SINGAPORE) NOMINEES PTE LTD 2,054,600 0.47
20 LEE WOON KIAT 1,995,736 0.45
http://info.sgx.com/listprosp.nsf/07aed3...f000be4ae/$FILE/New%20Toyo%20Holdings%20Ltd-AR11.pdf
Why do u think the Lius were so eager to sell off SAH, especially on the cheap? SWP is a supplier to SAH.
Don't you smell rat?
(20-04-2012, 12:33 PM)freedom Wrote: [ -> ]clearly you are not a business owner. If you are, you would not close your own business and distribute everything. You would try to get more money and enlarge your business, be a more successful business man.
of course, most of the time, it is difficult to get more money.
Smell??
I see big fat RATs running all over the place....
(23-04-2012, 09:12 AM)Underdogger Wrote: [ -> ]Why do u think the Lius were so eager to sell off SAH, especially on the cheap? SWP is a supplier to SAH.
Don't you smell rat?
(20-04-2012, 12:33 PM)freedom Wrote: [ -> ]clearly you are not a business owner. If you are, you would not close your own business and distribute everything. You would try to get more money and enlarge your business, be a more successful business man.
of course, most of the time, it is difficult to get more money.
(23-04-2012, 09:12 AM)Underdogger Wrote: [ -> ]Why do u think the Lius were so eager to sell off SAH, especially on the cheap? SWP is a supplier to SAH.
Don't you smell rat?
(20-04-2012, 12:33 PM)freedom Wrote: [ -> ]clearly you are not a business owner. If you are, you would not close your own business and distribute everything. You would try to get more money and enlarge your business, be a more successful business man.
of course, most of the time, it is difficult to get more money.
I have not followed SAH since quite long ago. but last time I checked, SAH was selling to some people related to the management of SAH. clearly, they were not selling the business away; they were selling the business cheap to themselves.
So basically they are taking SGX for a ride to WONDERLAND
(23-04-2012, 03:45 PM)freedom Wrote: [ -> ] (23-04-2012, 09:12 AM)Underdogger Wrote: [ -> ]Why do u think the Lius were so eager to sell off SAH, especially on the cheap? SWP is a supplier to SAH.
Don't you smell rat?
(20-04-2012, 12:33 PM)freedom Wrote: [ -> ]clearly you are not a business owner. If you are, you would not close your own business and distribute everything. You would try to get more money and enlarge your business, be a more successful business man.
of course, most of the time, it is difficult to get more money.
I have not followed SAH since quite long ago. but last time I checked, SAH was selling to some people related to the management of SAH. clearly, they were not selling the business away; they were selling the business cheap to themselves.
Well, we still cannot assume the money is in as SAH has not officially made an announcement.
Also, with so many FAT RATs running around, you will never know what the company is up to, until you see the money in your bank account..
So be conservative
(20-04-2012, 12:07 PM)Underdogger Wrote: [ -> ]Technically, the MONEY is already with SAH (i.e. in SAH's bank)
The full sum of sales proceed is IN!!!!!!!!
So it is only a matter of time...Finally AT LAST!!!!!!!!
Why doesnt SAH save the trouble for itself and every shareholder and pay up everything and close down and DELIST SAH??
Then at least shareholders including New Toyo can come out of this deal happier...
(12-04-2012, 09:50 AM)bluechipstamp Wrote: [ -> ]The money is in:
2012年4月9日，上海亚洲从共管账户将应支付的交易对价款71,012.75万元
（交易对价75,000万元扣除上海亚洲因本次交易产生的按照法律、法规需要由万顺
股份履行代扣代缴的税费3,987.25万元）汇至上海亚洲指定的账户，支付完成。
Source: http://disclosure.szse.cn/m/finalpage/20...817263.PDF
page 79 of AR 2011.
Revenues of approx $153mil or 55% came from one single external customer.
Is this considered risky? What is the company's plan to expand its existing customer base?
Why did the external revenue decline for Singapore, Vietnam, Australia and China (2011 versus 2010)? Any cause for concern?
As the conspiracy theory goes, large equity owners want to take the company private on the cheap OR they want to sell it off expensively.
Well, you never know. The Yen family might want to take New Toyo private on the cheap too, like SAH...
(23-04-2012, 03:45 PM)freedom Wrote: [ -> ] (23-04-2012, 09:12 AM)Underdogger Wrote: [ -> ]Why do u think the Lius were so eager to sell off SAH, especially on the cheap? SWP is a supplier to SAH.
Don't you smell rat?
(20-04-2012, 12:33 PM)freedom Wrote: [ -> ]clearly you are not a business owner. If you are, you would not close your own business and distribute everything. You would try to get more money and enlarge your business, be a more successful business man.
of course, most of the time, it is difficult to get more money.
I have not followed SAH since quite long ago. but last time I checked, SAH was selling to some people related to the management of SAH. clearly, they were not selling the business away; they were selling the business cheap to themselves.
Very good question indeed.
Tabacco is oligopolistics - how not to be dependent on main customers (in this case BAT) when there is no real effort to diversify out of core business.
N Toyo is a $ generative business post machiney installation at Tien Wah for fulfillment of BAT contract. Even rights issues last year was attempt to dilute minorities in view of bearish stock market sentiment back then.
Never rule out privatisation by Yen family before they attempt to sell out at higher price.
(24-04-2012, 12:15 PM)Stockerman Wrote: [ -> ]page 79 of AR 2011.
Revenues of approx $153mil or 55% came from one single external customer.
Is this considered risky? What is the company's plan to expand its existing customer base?
Why did the external revenue decline for Singapore, Vietnam, Australia and China (2011 versus 2010)? Any cause for concern?
As the conspiracy theory goes, large equity owners want to take the company private on the cheap OR they want to sell it off expensively.
Well, you never know. The Yen family might want to take New Toyo private on the cheap too, like SAH...
(23-04-2012, 03:45 PM)freedom Wrote: [ -> ] (23-04-2012, 09:12 AM)Underdogger Wrote: [ -> ]Why do u think the Lius were so eager to sell off SAH, especially on the cheap? SWP is a supplier to SAH.
Don't you smell rat?
(20-04-2012, 12:33 PM)freedom Wrote: [ -> ]clearly you are not a business owner. If you are, you would not close your own business and distribute everything. You would try to get more money and enlarge your business, be a more successful business man.
of course, most of the time, it is difficult to get more money.
I have not followed SAH since quite long ago. but last time I checked, SAH was selling to some people related to the management of SAH. clearly, they were not selling the business away; they were selling the business cheap to themselves.
Huge selling orders at 29.5 cents....People losing confidence ahead of AGM tomorrow?
(25-04-2012, 12:11 PM)Underdogger Wrote: [ -> ]Huge selling orders at 29.5 cents....People losing confidence ahead of AGM tomorrow?
Hi there,
By the way are you going to the AGM and clarify with New Toyo management the issues with Shanghai Asia ?
Sheraton Hotel, good buffet ?
