hit 42cts today, looks like good news coming leh!
oppss... bad news actually! 
The Board wishes to inform shareholders that the Group has been notified by the Building and
Construction Authority (the “BCA”) that as the site where the Terusan Dormitory is located will be
affected by re-development works, the BCA has not granted the Group’s application for a renewal for a
further term of the tenancy for the Terusan Dormitory. Currently, the Terusan Dormitory houses
approximately 5,300 workers and is the only workers dormitory operated by the Group.
5300 ---> 500
The Board also wishes to inform shareholders that the Group has been successful in securing the tender
for the management and operation of an existing foreign workers dormitory situated at Upper Jurong
Road (the “Jurong Dormitory”). The tenancy for the Jurong Dormitory will be for approximately three
years commencing on 1 August 2016 and ending on 30 July 2019. The Jurong Dormitory has a capacity
of approximately 500 workers.
The Group’s Dormitory business contributed approximately 20.3% or S$19.1 million of the Group’s
revenue for FY2015. Accordingly, the non-renewal of the Terusan Dormitory is expected to have a
material impact on the Group’s financial and operating results for the financial year ending 31 July 2017
(“FY2017”). The Jurong Dormitory is not expected to have a material impact on the Group’s financial
and operating results for FY2017



The Board wishes to inform shareholders that the Group has been notified by the Building and
Construction Authority (the “BCA”) that as the site where the Terusan Dormitory is located will be
affected by re-development works, the BCA has not granted the Group’s application for a renewal for a
further term of the tenancy for the Terusan Dormitory. Currently, the Terusan Dormitory houses
approximately 5,300 workers and is the only workers dormitory operated by the Group.
5300 ---> 500
The Board also wishes to inform shareholders that the Group has been successful in securing the tender
for the management and operation of an existing foreign workers dormitory situated at Upper Jurong
Road (the “Jurong Dormitory”). The tenancy for the Jurong Dormitory will be for approximately three
years commencing on 1 August 2016 and ending on 30 July 2019. The Jurong Dormitory has a capacity
of approximately 500 workers.
The Group’s Dormitory business contributed approximately 20.3% or S$19.1 million of the Group’s
revenue for FY2015. Accordingly, the non-renewal of the Terusan Dormitory is expected to have a
material impact on the Group’s financial and operating results for the financial year ending 31 July 2017
(“FY2017”). The Jurong Dormitory is not expected to have a material impact on the Group’s financial
and operating results for FY2017
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!