Chuan Hup Holdings

any buddy attended latest agm? care to share some highlights pls?

http://infopub.sgx.com/FileOpen/Conversi...eID=431236

CONVERSION OF LOANS INTO SHARES OF MAJOR STAR HOLDINGS LIMITED


Can someone comment on this? Is the conversion a good or bad thing?

depends if MAJOR STAR HOLDINGS LIMITED is WORTH the loan amount??? :O

(30-11-2016, 06:07 PM)brattzz Wrote: depends if MAJOR STAR HOLDINGS LIMITED is WORTH the loan amount??? :O

http://www.valuebuddies.com/thread-7858-...#pid134838

Summarised in this thread.

<vested>

The Board is pleased to announce that Pacific Star Development Limited (formerly known as LH Group Limited) ("PSDL") had on 15 February 2017 allotted and issued 59,151,600 new shares in the capital of PSDL (representing approximately 37.34%. of the issued share capital of PSDL) to, inter alia, the company’s wholly-owned subsidiary, CH Biovest Pte. Limited. Accordingly, PSDL is now an associated company of the Company.

Based on the last traded price of PSDL shares on 15 February 2017 at S$1.005 per PSDL share, the aggregate value of the New PSDL Shares is approximately S$59,447,3581.

On 28/02/2017, Chuan Hup bought back 1,100,0000 shares @SGD 0.265 per share.
Total Consideration (including stamp duties, clearing changes etc) paid or payable for the shares was SGD 292,092.62.

Did CH made a grave mistake by investing in LHGroup/Pacific star and Finbar?

(03-08-2017, 10:59 AM)Scg8866t Wrote: Did CH made a grave mistake by investing in LHGroup/Pacific star and Finbar?

Sorry,but what makes you say that?

(03-08-2017, 11:36 AM)TUBInvesting Wrote:

(03-08-2017, 10:59 AM)Scg8866t Wrote: Did CH made a grave mistake by investing in LHGroup/Pacific star and Finbar?

Sorry,but what makes you say that?

Just a hindsight observation since both are languishing way below CH's avg purchase price if i am not wrong.

(03-08-2017, 11:54 AM)Scg8866t Wrote:

(03-08-2017, 11:36 AM)TUBInvesting Wrote:

(03-08-2017, 10:59 AM)Scg8866t Wrote: Did CH made a grave mistake by investing in LHGroup/Pacific star and Finbar?

Sorry,but what makes you say that?

Just a hindsight observation since both are languishing way below CH's avg purchase price if i am not wrong.

Just my 2 cents comments.

For Pacific Star Dev, they are still in the money from my previous calculation. 

But for Finbar, it is definitely below CH avg purchase price. However, if you read into Finbar annual report or look at their share buy back, they are will turnaround soon.