Bumper dividend is 1.85 cts /share final dividend, coming soon.
Sing Holdings has NAV of 73.7 cents, approx 2X the current traded share price of 36 cents.
Tritech (1.7 cents) has a major development coming up.
1. On 17 March 2020, Tritech entered into a pre-conditional agreement with (1) Qilu
Transportation (Singapore) Pte. Ltd. and (2) Shandong Provincial Transportation Planning and Design Institute Co. Ltd (each, a “Potential Placee” and collectively, the “Potential Placees”).
2. Qilu Transportation Group ranks among the top 500 Chinese Enterprises with a registered capital of RMB 31.8 billion and a total staff of 20,000.
3. A third party independent valuer was appointed to carry out a valuation of Tritech.
4. The Valuation report shall be furnished no later than three (3) months (ie around June 2020).
5. The Valuation shall be used as a reference for determining the Placement Price.
6. After the placement, the China companies will own up to 50% of the Enlarged Share Capital, and become the Controlling Shareholders of Tritech.
Blackgold Natural Resources (1.6 cents) ... can it be sold for 2.3 - 3.5 cents to S Lad Group which is headquartered in Bangalore? Both sides doing Due D currently after signing Letter of Intent on 27 June 2020.
Proposed strategic collaboration on the Group’s mining assets and an acquisition of the Company (“Possible Transaction”). Will the deal go through? Patience needed.
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