Sino Grandness

[piaopiao]

I made a mistake. So far investor only paid SGD 3.3 mil for SG shares and SG has paid SGD 2.0 mil from this money to Soleado.

Specuvestor, you had earlier indicated in March 2019 that you think SG will only pay Soleado interest from the placement monies. Looks like you still have doubts. 

Can SG pay the balance of the Soleado loan from the USD 30 mil? If so, will SG s OKhare price continue to recover?

PiaoPiao do you know how much interest is due to Soleado?

Looks like you still have hope. If you read my posts you know I don’t post share price movements; only facts for you to make your own informed judgement about the truth, though obviously people can sense my tilt.

The “convertible loan” from Baoao is at Garden Fresh level while Soleado is at SG level

The Soleado interest is 12% per annum. 

Why would the investor put in USD 30 milin Garden Fresh and giving 10% interest if there are doubts about Sino Grandness? 

Can GF swop the USD in HK for SG's RMB in China since GF needs RMB for working capital n China?

-The amount reserved from JW Capital proceeds for payment to Soleado is indeed roughly the interest cost. It's 15% now: https://links.sgx.com/FileOpen/SGFIGL%20...eID=517084. And JW Capital cited repatriation issue for balance SGD3.3m. Really. These companies have / had the same address as JW Capital: http://hongkongtve.com/HOME, https://medium.com/@jacksonwong2244/warn...b5cee66f36

-This is the same question asked 6(?) years ago when Goldman etc started the exchangeable bond. To be honest back then there was still probability... but now I really don't quite understand what others see in Huang's charisma and all the subsequent red flags... I also don't want to speculate what happens in Guangdong, which is the one place that I have mentiioned many times that Garden Fresh has been very visible.

-Inflow into RMB is usually not an issue. So question is with so much RMB cash do you think GF need working capital? If I am Soleado I would demand the money be paid upstream or liquidate SG to seize control of GF, if it is that profitable. But funny no word from Soleado after the letter of demand. SG definitely have one of the best creditors and shareholders

I guess Soleado already known they are in deep Sh** and Soleado probably wont be able to get back the money if they liquidate SG, so the best move is to continue the game and wait for gundu to pump in money so that they can run away at least with their capital money.....

Soleado is waiting for Sino Grandness' funds to come out of China.

A shareholder of TTA (Soleado' parent company) asked for the progress of loan repayment providing to a company in China during TTA's 24 Apr 2019 AGM. The reply by TTA CFO found in the minutes of the AGM is reproduced below:

For loan to Sino Grandness Food Industry Group Ltd. (“SGFI”) which is a company registered and listed in Singapore having business and assets in China, actually such company seems to be performing very well but having some problems on Chinese regulation related to remittance of money out of country that caused the problem to repayment on time. However, the Company had received the interest payment from May 2016 at 12% and extended to 15% on the principal of USD 20 million. More than USD 5 million was earned as the interest. The Company is now under negotiation with them to get the money back as well as legal procedure and personal negotiation. We hope to get the money back once the SGFI had completed its procedure from the Chinese government.

If indeed there is a goondu who is willing to pump in money into SG , then this goondu must have very strong faith in SG.