Sapphire Corp Limited *Official* (SGX : BRD)

FreedomAngelz

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What do you guys forsee for minority shareholder for Sapphire? got chance to huat?

I think this year and next year Sapphire financial results will looks positive.
 

Takodoro

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What do you guys forsee for minority shareholder for Sapphire? got chance to huat?

I think this year and next year Sapphire financial results will looks positive.

Last quarter results not that great cause of variation orders IIRC. But full year results should be okay. Next year should be same trajectory.

The variation orders really cause for concern.
 

Takodoro

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Who still in this counter? Really tightly played/controlled like Perennial. :/

0.51 valuation still can't go up. :/
 

Kinetic88

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Don't worry, latest valuation at 0.51.

0.300

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Jupiter2017

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http://www.businesstimes.com.sg/com...hanges-to-board-ahead-of-proposed-acquisition
Sapphire makes changes to board ahead of proposed acquisition
FRI, DEC 15, 2017 - 8:30 PM STEPHANIE LUO stephluo@sph.com.sg

SAPPHIRE Corporation Limited's group chief executive officer and managing director Teh Wing Kwan has been redesignated as non-independent non-executive director, as part of changes to its board of directors.
On Friday, the mainboard-listed company said that Wang Heng, a co-founder of Ranken Railway Construction Group Co Ltd, Sapphire's China-based rail engineering subsidiary, has been redesignated as executive director and CEO.
Sapphire added that the changes to the board are part of a planned leadership transition, ahead of completion of the proposed acquisition of a 27.97 per cent stake in Sapphire by Hong Kong International Construction Investment Management Group Co Limited (HKICIM).
Sapphire's other board members - Lim Jun Xiong Steven, Fong Heng Boo, Tao Yeoh Chi, Yang Jian, and Cheung Kam Wa - will also relinquish their directorships.
Sapphire announced on Nov 13 that the board would voluntarily step down upon completion of a proposed share swap deal between HKICIM and two of Sapphire's largest shareholders.
Upon completion of the transaction, HKICIM, a property development arm of China conglomerate HNA Group Co Ltd, through its wholly owned subsidiary Forestar Assets Limited, will emerge as Sapphire's single largest shareholder, the company said.
The group will announce other changes to the board and related committees in due course.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=BRD.SI
 

Jupiter2017

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http://www.businesstimes.com.sg/com...says-growth-prospects-of-core-business-intact
Sapphire says growth prospects of core business intact
Mon, Feb 12, 2018 - 8:55 PM Lynette Khoo lynkhoo@sph.com.sg

SAPPHIRE Corporation's newly appointed CEO said that growth prospects of the group's core business remain unaffected by the termination of a proposed transaction that would have ushered in a new substantial shareholder.
The group had announced last month the termination of the conditional sale and purchase agreements that its substantial shareholders, Ou Rui Limited and Best Feast Limited, inked with Hong Kong International Construction Investment Management Group (HKICIM) and Forestar Assets Limited, a wholly-owned subsidiary of HKICIM.
Sapphire's CEO Wang Heng is deemed interested in the shares held by Best Feast Limited. Ou Rui is a company incorporated in Hong Kong and is wholly owned by an individual, Li Xiaobo.
"The growth prospects of the core rail engineering business Ranken Railway Construction Group Co Ltd (Ranken) are intact despite the termination of a proposed transaction that would have resulted in a new substantial shareholder," Ms Wang said.
She was appointed CEO on Dec 15. Prior to co-founding Ranken, she worked in China Railway Construction for over 10 years, focusing on engineering and marketing. Under her leadership, Ranken undertook projects across 18 cities in China.
Ranken has an order book of 3.4 billion yuan (S$705 million) after winning three new rail contracts on Dec 11, 2017 worth 280 million yuan in its home city of Chengdu.
"We are securing new contracts and increasing our order book amid strong growth in the sector. We will bid for more new contracts while improving our capabilities, productivity and cost control, which will benefit our business in 2018 and beyond," she said.
Ms Wang added that she will draw on her 27 years of experience in civil engineering to strengthen the business and accelerate its growth in China.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=BRD.SI
 

Milo-Dino

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Will tiok collateral damage because of Midas or not?

Sent from Google PIXEL XL using GAGT
 
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