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How can Tien Wah/New Toyo diversify its operating risks of over-reliance on a single client (i.e. BAT)?
that goes the 29 cents level as people threw in the towel .....where is special dividends? all bullshitting...

didn't the chairman himself earlier buy at 29 cents (200 lots)....?
Now we see the true colours....The delisting of SAH has been finalized....no "fireworks" - shell is dumped away ...and still no signs of special dividends....
Why is the company keeping so much cash? think hard...who has been the greatest beneficiary of this SAH saga?

**************

Shanghai Asia Holdings on Monday said it has been notified by the Singapore Exchange that it will be delisted from the main board, following its capital reduction exercise, expected to be completed around June 28, 2013.

"The company will proceed with a members' voluntary liquidation following completion of the capital reduction," according to the notification.

Shanghai Asia is an investment holding firm formerly engaged in the printing of product packaging, primarily in China.

SGX's notification noted that on April 25, 2013 (or 12 months since Shanghai Asia became a cash company), it has not signed a definitive agreement for the acquisition of a new business that is able to meet the requirements for a new listing.

It also noted that Shanghai Asia had obtained shareholders' approval for its proposed capital reduction at its extraordinary general meeting last Tuesday. Hence, its delisting will kick only after the cash distribution of the capital reduction.

Shanghai Asia resumes trading of its securities on Monday. Its trading will be suspended with effect from June 4, 2013.
http://info.sgx.com/webcoranncatth.nsf/V...F002A46A0/$file/SAH_Q42012ResultsAnnouncement.pdf?openelement

SAH incurred S$2.557m in admin expenses for FY12:

3. Administrative expenses comprised mainly director’s remuneration (related to the ex-CEO compensation) of S$0.483 million,
underprovided directors’ fees for Year 2011 of S$0.373 million (approved during last AGM), accrual of directors’ fees for Year
2012 of S$0.493 million, staff remuneration, professional fees in relation to the Transaction, office rental and other head office
corporate expenses.

What a way to keep milking a cash co without doing much really.

GG

(06-05-2013, 11:07 PM)Stockerman Wrote: [ -> ]Now we see the true colours....The delisting of SAH has been finalized....no "fireworks" - shell is dumped away ...and still no signs of special dividends....
Why is the company keeping so much cash? think hard...who has been the greatest beneficiary of this SAH saga?

**************

Shanghai Asia Holdings on Monday said it has been notified by the Singapore Exchange that it will be delisted from the main board, following its capital reduction exercise, expected to be completed around June 28, 2013.

"The company will proceed with a members' voluntary liquidation following completion of the capital reduction," according to the notification.

Shanghai Asia is an investment holding firm formerly engaged in the printing of product packaging, primarily in China.

SGX's notification noted that on April 25, 2013 (or 12 months since Shanghai Asia became a cash company), it has not signed a definitive agreement for the acquisition of a new business that is able to meet the requirements for a new listing.

It also noted that Shanghai Asia had obtained shareholders' approval for its proposed capital reduction at its extraordinary general meeting last Tuesday. Hence, its delisting will kick only after the cash distribution of the capital reduction.

Shanghai Asia resumes trading of its securities on Monday. Its trading will be suspended with effect from June 4, 2013.
How was this admin expense amount look like when compared against the corresponding period?
would like to urge all SAH shareholders to cry foul , but then it is no use crying over spilled milk.....

it must have been one of the easiest CEO post - get paid for doing "nothing"

(07-05-2013, 07:10 AM)greengiraffe Wrote: [ -> ]http://info.sgx.com/webcoranncatth.nsf/V...F002A46A0/$file/SAH_Q42012ResultsAnnouncement.pdf?openelement

SAH incurred S$2.557m in admin expenses for FY12:

3. Administrative expenses comprised mainly director’s remuneration (related to the ex-CEO compensation) of S$0.483 million,
underprovided directors’ fees for Year 2011 of S$0.373 million (approved during last AGM), accrual of directors’ fees for Year
2012 of S$0.493 million, staff remuneration, professional fees in relation to the Transaction, office rental and other head office
corporate expenses.

What a way to keep milking a cash co without doing much really.

GG

(06-05-2013, 11:07 PM)Stockerman Wrote: [ -> ]Now we see the true colours....The delisting of SAH has been finalized....no "fireworks" - shell is dumped away ...and still no signs of special dividends....
Why is the company keeping so much cash? think hard...who has been the greatest beneficiary of this SAH saga?

**************

Shanghai Asia Holdings on Monday said it has been notified by the Singapore Exchange that it will be delisted from the main board, following its capital reduction exercise, expected to be completed around June 28, 2013.

"The company will proceed with a members' voluntary liquidation following completion of the capital reduction," according to the notification.

Shanghai Asia is an investment holding firm formerly engaged in the printing of product packaging, primarily in China.

SGX's notification noted that on April 25, 2013 (or 12 months since Shanghai Asia became a cash company), it has not signed a definitive agreement for the acquisition of a new business that is able to meet the requirements for a new listing.

It also noted that Shanghai Asia had obtained shareholders' approval for its proposed capital reduction at its extraordinary general meeting last Tuesday. Hence, its delisting will kick only after the cash distribution of the capital reduction.

Shanghai Asia resumes trading of its securities on Monday. Its trading will be suspended with effect from June 4, 2013.
(07-05-2013, 08:42 AM)Curiousparty Wrote: [ -> ]would like to urge all SAH shareholders to cry foul , but then it is no use crying over spilled milk.....

it must have been one of the easiest CEO post - get paid for doing "nothing"

There are worse ones, paid well for doing badly, worse than doing nothing. Big Grin
funny, why did SAH shareholders wanna cry foul and yet approved the capital reduction exercise?

not vested with sah
who are the biggest shareholders of SAH? Yen family

technically, all the minority shareholders can go and eat grass but the deal just got bulldozed through...

(07-05-2013, 10:00 AM)pianist Wrote: [ -> ]funny, why did SAH shareholders wanna cry foul and yet approved the capital reduction exercise?

not vested with sah
the proliferation of plain packaging legislation around the world might lead to the eventual demise of tobacco printing companies...

when u just have a plain box with simple colours, why do u need to rely on high printing technoloiges to print the cartons and packaging?

*************

Packaging and tobacco – the final billboard
In certain industries, there is even greater pressure to connect with the audience through packaging. The tobacco industry, for example, has seen a widespread reduction in traditional advertising, promotion and sponsorships for a variety of reasons. Regulatory restrictions have limited the use of many of these channels as well as impacted the use of point of sale (POS) marketing in some regions. The increased usage of health warnings and explicit graphics on tobacco products has also reduced billboard opportunities on the package itself.

This creates a challenge not unlike that facing CPG companies and their increased use of social networking channels. How to reinforce a brand’s identity without the standard imagery, sponsorships and advertising? Tobacco marketing restrictions removes brand messaging from consumer’s minds, which can create confusion for the consumer and impact the point of decision. The proliferation of current brands with brand extensions creates the need for even greater differentiation at point of purchase, leading packages to serve as the individual’s “guide” through their purchasing decision. For companies to overcome barriers to entry and maintain market leadership positions, defining and repositioning brands with unique packaging solutions is paramount.
The bottom line is without traditional marketing and advertising channels, the package becomes the last physical link to the consumer. Whether the challenge is to reinforce the brand image of existing brands or to launch new brands, the packaging focus has to be the same: defining the physical presence of a brand’s image. Packaging may be a marketer’s last opportunity to make that vital connection with the consumer.

It is no surprise, then, that brands are exploring more premium packaging as a way to enhance the connection between the consumer and the brand. Package design, shape, color, feel, and material choice are proliferating and have become more critical today than ever before. Global or flagship brands have a driving desire to make their package stand out and create a distinct brand statement. The growing numbers of brand extensions are looking for ways to differentiate themselves from one another and communicate their unique brand identity without diluting the primary brand. With the average consumer taking only three seconds to make their purchasing decision at the point of sale, packaging represents one of the few remaining physical opportunities to do so.

Tobacco packaging will continue to be challenged through regulatory restrictions, further challenging a brand’s ability to communicate with their target consumers. Without the reinforcement of traditional advertising or marketing channels, packaging, however, still remains the last opportunity to develop brand identity outside the online worlds and beyond highly regulated communication channels.