15-04-2011, 07:03 AM
(14-04-2011, 11:50 PM)dydx Wrote: BBR's FY10 (ended 31Dec10) AR is out and makes interesting reading.....
http://info.sgx.com/listprosp.nsf/6c6be9...200352723/$FILE/BBR%20AR%202010-No%20crop%20mark.pdf
I am presently surprised to note that 2 construction-related listed (on SGX) companies - Tiong Woon Corp. and Ryobi Kiso Holdings, through their respective subsidiaries - have emerged as among the "20 largest shareholders" of BBR (see p107). This should be interpreted as a confirmation of the high quality of BBR's businesses and management, and as an indication of its investment merits.
It's probably because they have common projects together and would want ease collection of receivables?