Eggriculture (8609 HK) - SG egg farm

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(05-05-2020, 12:40 PM)weijian Wrote:
(05-05-2020, 11:12 AM)brattzz Wrote: https://www.eggriculturefoods.com/en/abo...-structure
look at the org. structure

eggs from malaysia are the cheapest for sg! Smile

Holding company incorporated in Cayman and listed in HK.
Holding company only holds a company incorporated in BVI.
BVI company holds the money making subsidiary incorporated in Singapore.
And then most of the eggs are procured in Malaysia.

There are 5 different countries when we review the STRUCTURE from top to down (listed company to the raw material source)!

We can have real ASSETS and real BUSINESS. Rather than asking why it list itself in HK GEM, the real interesting question has to be expanded to ask why does it has a HK-Cayman-BVI-Spore layer kind of STRUCTURE.

Actually, Cayman entities are very commonly used for listings on HKSE. So your question is narrowed to why do they need a BVI layer in between Cayman and SG layers, which could have all sorts of structuring related answers including undoubtedly ones which facilitate sinister motives or much more mundane ones.  https://www.vantageasia.com/why-use-a-ca...-the-hkse/

It comes down to corporate governance. They are honest farmers or they are not.
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Eggriculture (8609 HK) - SG egg farm - by bchang - 05-05-2020, 10:50 AM
RE: Eggriculture (8609 HK) - SG egg farm - by bchang - 05-05-2020, 02:43 PM

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