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  #1  
Old 20-Nov-2009, 10:26 AM
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Default SingHaiyi Group (fka SingXpress Land)

SingXpress
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  #2  
Old 13-Feb-2011, 09:39 PM
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BACKGROUND

SingXpress Ltd and its subsidiaries (the “SingXpress Group”) is presently engaged in the businesses of securities investments and property trading, investments and development.


Capitalised terms used below, unless otherwise defined, shall have the same meanings as defined in the circular to shareholders of the Company dated 21 September 2010.

Please note that in connection with the Rights Issue that was undertaken by the Company and completed on 9 November 2010, a Whitewash Waiver was granted by the Securities Industry Council of Singapore (“SIC”) whereby Xpress Credit Limited (“XCL”) and its concert parties are waived from the requirement to make a mandatory offer made pursuant to Rule 14 of the Singapore Code on Takeovers and Mergers (the “Code”) arising from the conversion of the Convertible Bonds issued to XCL pursuant to the Irrevocable Undertaking and the Rights Issue. The following disclosure note is provided in connection with the requirements of Note 2, Section 2 of Appendix 1 of the Code.

Disclosure Note required under the Code

In the Extraordinary General Meeting held on 6 October 2010, the Shareholders of the Company approved, inter alia, (i) a rights issue of S$16,320,240 in aggregate principal amount of zero coupon convertible bonds due 2014 (the “Rights Issue”); and (ii) a Whitewash Resolution. The disclosures as required under Note 2, Section 2 of Appendix 1 of the Code are set out below:

(a) the Shareholders approved the Whitewash Resolution waiving their rights to receive a mandatory offer made pursuant to Rule 14 of the Code from Xpress Credit Limited (“XCL”) and its concert parties for all the remaining shares in the Company not already owned or controlled by them in the event that the issue and allotment of Consideration Shares to XCL arising from the conversion of the Convertible Bonds to be issued to XCL pursuant to the Irrevocable Undertaking and the Rights Issue results in XCL incurring a mandatory bid obligation under the Code. The Whitewash Resolution is subject to the acquisition of the Conversion Bonds under the Rights Issue by the Undertaking Shareholder being completed within three (3) months of the date of approval of the Whitewash Resolution (being 6 October 2010), and the acquisition of Conversion Shares by the Undertaking Shareholder upon the exercise of the Convertible Bonds must be completed within five (5) years of the date of issue of the Convertible Bonds (being 9 November 2010);

(b) as at 17 January 2011 (the “Latest Practicable Date”), XCL and its concert parties hold in aggregate:

(i) 192,188,000 Shares representing 51.66 per cent of the voting rights in the capital of the Company; and

(ii) S$13,239,677 in aggregate principal amount of the Convertible Bonds due 2014;

(c) the maximum potential voting rights of XCL and its concert parties in the Company, assuming that only XCL and its concert parties (but not other Shareholders) converts their Convertible Bonds in full is 77.89% (based on the enlarged share capital which includes the shares converted from the Convertible Bonds held by XCL and its concert parties);

(d) having approved the Whitewash Resolution on 6 October 2010, Shareholders have waived their rights to receive a general offer from XCL and its concert parties at the highest price paid by XCL and its concert parties for Shares in the 6 months preceding the commencement of the offer; and

(e) having approved the Whitewash Resolution on 6 October 2010, Shareholders could be foregoing an opportunity to receive a general offer from another person who may be discouraged from making a general offer in view of the potential dilution effect of the Convertible Bonds.
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Old 10-Oct-2011, 08:48 AM
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SingXpress - To debut S'pore project
Singapore-listed and Hong Kong-based developer SingXpress Land is set to roll
out its maiden property project in Singapore in November. The company will
launch its 21-unit Charlton Residences, a freehold cluster housing project on
Charlton Road on the site of the former Foh Pin Mansion. SingXpress and
partner ACT Holdings paid $21.2 million for the site in July 2010.
3
Prices for the units, which will all be larger than 5,000 sq ft apiece, have not
been fixed yet. At nearby Charlton Villas, a 2,982 sq ft unit was sold for $838
per square foot in May 2011.
Next up for SingXpress is a site in Pasir Ris slated for development into Design,
Build and Sell Scheme (DBSS) flats. SingXpress partnered Kay Lim Holdings to
win the site in a state tender in May 2011. The developers will launch the
project in Q1 2012.
SingXpress has one more site in its landbank - Waldorf Mansions at Balestier
Road, which the company intends to redevelop into about 50 apartments.
SingXpress has leveraged on its parent company, Hong Kong-listed Xpress
Group, to grow at a fast pace since it decided to venture into property
development in 2009. Xpress Group owns about 63 per cent of SingXpress.
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  #4  
Old 12-Oct-2011, 08:07 PM
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Express train lai liao....breakout....
7.5 9.5 11.5 ??



Huat arh...
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  #5  
Old 10-Mar-2012, 03:14 PM
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Quote:
Originally Posted by Newcastle View Post
SingXpress - To debut S'pore project
Singapore-listed and Hong Kong-based developer SingXpress Land is set to roll
out its maiden property project in Singapore in November. The company will
launch its 21-unit Charlton Residences, a freehold cluster housing project on
Charlton Road on the site of the former Foh Pin Mansion. SingXpress and
partner ACT Holdings paid $21.2 million for the site in July 2010.
3
Prices for the units, which will all be larger than 5,000 sq ft apiece, have not
been fixed yet. At nearby Charlton Villas, a 2,982 sq ft unit was sold for $838
per square foot in May 2011.
Next up for SingXpress is a site in Pasir Ris slated for development into Design,
Build and Sell Scheme (DBSS) flats. SingXpress partnered Kay Lim Holdings to
win the site in a state tender in May 2011. The developers will launch the
project in Q1 2012.
SingXpress has one more site in its landbank - Waldorf Mansions at Balestier
Road, which the company intends to redevelop into about 50 apartments.
SingXpress has leveraged on its parent company, Hong Kong-listed Xpress
Group, to grow at a fast pace since it decided to venture into property
development in 2009. Xpress Group owns about 63 per cent of SingXpress.
SINGAPORE, 10 March 2012 – SingXpress Land Ltd ("SingXpress Land" or the “Company") announced today that all 21 units of Charlton Residences have been sold for an aggregate sales value of S$59.6 million in less than four months after the freehold cluster housing project – the Company’s maiden property development in Singapore – was launched.

The homes in this project – near Kovan MRT Station, the Heartland Mall, and good schools in or near the Upper Serangoon area which has been recently transformed by improvements in transport infrastructure and the completion of NEX megamall – were transacted at an average price of S$2.84 million per unit, with the final unit sold this week.
All the buyers are Singaporeans.
The quality designer homes ranging from 5,350 to 7,696 square feet, each with six bedrooms, two car park lots, and a private deck with a Jacuzzi pool, were launched in November 2011 by Charlton Residences Pte Ltd which is 80%-owned by SingXpress Land and 20%-owned by A.C.T. Holdings Pte Ltd.
Selected units are fitted with elevators for the convenience of the elderly. Charlton Residences challenges the traditional cluster housing layout by locating facilities and amenities away from the units to ensure complete privacy to each family.
Based on the completion schedule, SingXpress Land expects to recognise the bulk of the revenue and profit of the project over the two financial years ending 31 March 2013 and 31 March 2014, respectively.
Mr Chan Heng Fai, the Managing Director of SingXpress Land, said: “The strong sales of our first property development in Singapore, taking place amidst new property cooling measures, underscore the high quality and design content of the project. It also augurs well for the Group as it embarks on its investment banking approach to property development.”
Other projects of SingXpress Land include a 80% owned Design, Build and Sell Scheme (“DBSS”) public housing project in Pasir Ris, with approximately 447 units, which will be launched soon.
Separately, SingXpress Land announced that a Memorandum of Understanding (“MoU”) signed on 17 October 2011 with private equity fund management company, Tembusu Partners (“Tembusu”) for the latter to invest up to 30% in the DBSS project had lapsed. The Company may continue to explore other suitable cooperation opportunities with Tembusu in future.
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  #6  
Old 25-Apr-2012, 11:29 PM
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close 0.018 unchanged after hitting a high of 0.02

218m done
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  #7  
Old 26-Apr-2012, 08:40 PM
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PROPOSED PRIVATE PLACEMENT OF 123,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF SINGXPRESS LAND LTD
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Old 26-Apr-2012, 09:04 PM
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Is this placement good? at $0.0162 discount 10% to today price,will the share go up tomorrow since BB no more blocking/press down to collwect cheap..one way to go up ??
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Old 26-Apr-2012, 09:08 PM
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Quote:
Originally Posted by ysh233 View Post
Is this placement good? at $0.0162 discount 10% to today price,will the share go up tomorrow since BB no more blocking/press down to collwect cheap..one way to go up ??
depends on who is the placee....

JEL.... 0.7 to 15.8 within such a short time frame.... because placee is Mr Goi
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  #10  
Old 26-Apr-2012, 10:01 PM
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Quote:
Originally Posted by Newcastle View Post
depends on who is the placee....

JEL.... 0.7 to 15.8 within such a short time frame.... because placee is Mr Goi
The placee is Toh Soon Huat. But is he the TSH of Novena and UEL fame?
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