Breadtalk (for discussion)

[OngHuatHuat]

A stock that lost 50% in 1 year +.

I thought this stock good siao...

 

[Shion]

Chan Ying Jian quits as BreadTalk CFO and CIO

Chan Ying Jian quits as BreadTalk CFO and CIO

https://www.straitstimes.com/busine...chan-ying-jian-quits-as-breadtalk-cfo-and-cio

SINGAPORE (THE BUSINESS TIMES) - BreadTalk Group said on Friday (Jan 31) that Chan Ying Jian, who is both chief financial officer (CFO) and chief investment officer (CIO) of the group, has resigned.

Mr Chan, 37, will leave BreadTalk on March 15 to pursue other career opportunities.

He was appointed group CFO in June 2015, before assuming the additional role of group CIO in October 2019.

The mainboard-listed food and beverage player said that upon Mr Chan's departure, executive chairman and founder George Quek will oversee the group's accounting, financial, treasury and tax matters.

Mr Quek will be assisted by the group financial controller and the division financial controller.

Two weeks ago, BreadTalk issued a profit guidance saying it expects a net loss for fiscal 2019 due to weakness in its bakery and food concept divisions, coupled with turmoil in Hong Kong.

Mr Chan's resignation also comes shortly after group chief executive officer (CEO) Henry Chu quit for personal and health reasons. Mr Chu left the company on Dec 31, with chairman Mr Quek taking over his duties as group CEO in the interim.

In September, aside from promoting Mr Chan to group CIO, BreadTalk also promoted two other C-suite executives. They are Jenson Ong, who took on the additional role of deputy group CEO, and William Cheng, who was appointed group chief operating officer.

BreadTalk shares closed at $0.57 on Thursday, down 1.5 cents or 2.6 per cent.

 

[XGZ1503]

Drop drop drop

 

[maximusw0109]

Wonder how this is going to play out

 

[endlssorrow]

37 yr so young siaz

 

[Shion]

https://www.theedgesingapore.com/ne...r-quek-privatise-company-77-cents-share-offer

 

[batdow]

huat big liao

 

[Merg91]

How are those who get burnt bought from $0.77 up to almost $1.20....

huat big liao

 

[Zapper1819]

Bad times then delist and relist when good times

 

[Merg91]

This George should have let it drop to 20 cents then offer 50% more.

It just announced a loss and likely more losses years ahead.

 

[athletic91]

Wow got ppl queueing at 0.76 alr.

If never delist the price may Lao Sai again

 

[addict951]

omgotch, yall saw the news?
$8 million loss???

 

[endlssorrow]

Finally market open. Q to sell all..

And within 2 min all sold..

Huat ah...

 

[Shion]

BreadTalk cuts staff salaries amid coronavirus outbreak

BreadTalk cuts staff salaries amid coronavirus outbreak

https://www.straitstimes.com/busine...cuts-staff-salaries-amid-coronavirus-outbreak

SINGAPORE (THE BUSINESS TIMES) - BreadTalk Group is cutting between 10 per cent and 50 per cent of salaries temporarily as part of a cost-saving exercise amid the coronavirus outbreak, the company said on Monday (March 23).

From March until June, senior management executives are taking a pay cut of between 30 per cent and 50 per cent, while middle-management executives in Asean countries, including Singapore, have had their pay cut by 10 per cent to 15 per cent.

From February until June, the food and beverage player's employees in China and Hong Kong will have their pay reduced by between 30 per cent and 50 per cent.

The measures will impact about 137 employees in Asean countries and yield savings of about $177,000 a month for BreadTalk's Asean operations, including Singapore.

About 1,840 employees in China and Hong Kong will be affected by the measures, which will save the group about $1.4 million a month for its operations in both markets.

Affected staff will need to provide their consent before they are subject to the measures, mainboard-listed BreadTalk said.

It added the pay cuts were implemented only after other cost-saving measures had already been taken. These included no-pay leave, shorter operating hours, controlled overtime hours, and stopping business-related travel and entertainment activities for employees.

BreadTalk shares were up 1.5 cents or 2.1 per cent to 74.5 cents as at 9.27am on Tuesday.

 

[Shion]

BreadTalk offeror meets compulsory acquisition threshold

BreadTalk offeror meets compulsory acquisition threshold

https://www.businesstimes.com.sg/co...d=46&cx_testVariant=cx_2&cx_artPos=2#cxrecs_s

BREADTALK Group on Thursday said that as at 5pm, its offeror had amassed acceptances representing about 97.77 per cent of the total number of shares in the food and beverage company.

The company's founder and chairman George Quek is making an offer to buy back all of the issued ordinary shares at 77 cents a piece through BTG Holding, which he owns with his wife Katherine Lee and Minor International, a hospitality and leisure company listed in Thailand.

The offeror thus intends to exercise its right to compulsorily acquire all the shares of the shareholders who have not accepted the offer under the same offer terms of S$0.77 per share.

 

[thisisnotme1212]

BreadTalk delisting from SGX on June 5
https://www.straitstimes.com/busine...-on-june-5-after-completion-of-acquisition-by

close shops liaos. anyone earned or burned?

 

[zack14]

the management is really bad. just a few months of corona, breadtalk cannot tahan liao.

 

[pcmdan]

the management is really bad. just a few months of corona, breadtalk cannot tahan liao.

The delisting been decided for quite some time already. 25 Feb

 

[Shion]

the management is really bad. just a few months of corona, breadtalk cannot tahan liao.

You referring to this ?
https://www.todayonline.com/singapo...k-group-employees-covid-19-crisis-and-control

 

[XiaoJinLing]

Delisting only. Or they closing all the shops?