11-08-2017, 11:48 PM
Weijian wrote:
"hi portuser,
Thanks for your reply. I took a look at AEM AR16 (pg41) and the dividends are flowing out from the "group level" under retained earnings. Unfortunately, i can't find any equity changes for the "company level".
For example for China Sunsine in AR16, 33mil flowed out from "retained profits" under group level (pg 48) and the same amount is paid out from "retained profits" under the company level (pg 74) - So it is obvious that dividends are paid out from the holding company in Singapore (for China Sunsine case).
For AEM case, would it be actually a subsidiary paying out the dividend? (just making a guess). Wondering any VB (account trained) able to explain how AEM has a "workaround" on SG Company Act 403? If there are "workarounds", then Delong would be able to execute the "workaround" (if it is applicable in its case) to pay a dividend IF it wants to.
AEM AR16: http://infopub.sgx.com/FileOpen/AEM%20AR...eID=446578
China Sunsine AR16: http://www.chinasunsine.com/en/wp-conten...Report.pdf"
For AEM, change in equity at the company level can be found in page 10 of the results announcement:
http://infopub.sgx.com/FileOpen/Results-4Q2016.ashx?App=Announcement&FileID=440574
It is not clear why the same was not shown in AEM annual report.
China Sunsine Chemical Holdings Ltd, the listco incorporated in Singapore, has no operating business.
The listco receives dividends from its operating subsidiary in China, Shandong Sunsine Chemical Company Ltd, to pay for its office expenses in Singapore as well as dividends to shareholders of China Sunsine Chemical.
"hi portuser,
Thanks for your reply. I took a look at AEM AR16 (pg41) and the dividends are flowing out from the "group level" under retained earnings. Unfortunately, i can't find any equity changes for the "company level".
For example for China Sunsine in AR16, 33mil flowed out from "retained profits" under group level (pg 48) and the same amount is paid out from "retained profits" under the company level (pg 74) - So it is obvious that dividends are paid out from the holding company in Singapore (for China Sunsine case).
For AEM case, would it be actually a subsidiary paying out the dividend? (just making a guess). Wondering any VB (account trained) able to explain how AEM has a "workaround" on SG Company Act 403? If there are "workarounds", then Delong would be able to execute the "workaround" (if it is applicable in its case) to pay a dividend IF it wants to.
AEM AR16: http://infopub.sgx.com/FileOpen/AEM%20AR...eID=446578
China Sunsine AR16: http://www.chinasunsine.com/en/wp-conten...Report.pdf"
For AEM, change in equity at the company level can be found in page 10 of the results announcement:
http://infopub.sgx.com/FileOpen/Results-4Q2016.ashx?App=Announcement&FileID=440574
It is not clear why the same was not shown in AEM annual report.
China Sunsine Chemical Holdings Ltd, the listco incorporated in Singapore, has no operating business.
The listco receives dividends from its operating subsidiary in China, Shandong Sunsine Chemical Company Ltd, to pay for its office expenses in Singapore as well as dividends to shareholders of China Sunsine Chemical.