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Is the Interest rate borrowed higher than the norm for listed company Chuan Hup?
Chuan Hup' s subsidiary enters into fresh loan agreement with PSD Holdings
MAY 30, 2016Â 6:14 PM
CHUAN Hup Holdings' wholly-owned subsidiary, CH Biovest, has entered into a new loan agreement dated May 30 to lend PSD Holdings a sum of US$7 million.
The loan is for a two year period and interest on the loan is set at 8 per cent per annum.
" (CH Biovest) has entered into the loan agreement to optimise returns on its available funds," said Chuan Hup in a release to the Singapore Exchange. " This is consistent with the overall objective of the company and its subsidiaries of enhancing shareholder value."
This follows a previous loan of US$10 million granted to PSD under a loan agreement dated April 24.
PSD is a Singapore incorporated investment holding company and is the sole shareholder of Pacific Star Development, a property development company with a special focus to source and invest in the planning development and management of prime development projects in the Asia region. PSD has ownership interests in various property assets in Malaysia and Thailand.
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Any news on CH Offshore? ?
Up 2cents to 30 cents.
Start moving liao. Has been sleeping for so long.
Shares buyback on 20/8 - 1,000,000 shares, 24/8 - 2,000,000, 26/8 - 500,000. All cancelled to reduced number of shares. Then there will be lesser shares in the market.
Shares buyback on 20/8 - 1,000,000 shares, 24/8 - 2,000,000, 26/8 - 500,000. All cancelled to reduced number of shares. Then there will be lesser shares in the market.
They are an investment holding company with business in various entity.. Their Australia business is losing money, shipping profit is down drastically, their only profitable entity is PCI (STI listed) which seems to be holding well with improving profits, in fact better than last year. Last year they gave 10 cents dividend and for this year they are giving 5 cents even though business is much better..
This one had some hopes on staying around the present level...with range trading within 30 to 35c
This one had some hopes on staying around the present level...with range trading within 30 to 35c
4Q result Dividend $30 for 1,000 lots. very good.
Full year result most likely to be outnext month. Looking forward to the dividends
Full year result most likely to be outnext month. Looking forward to the dividends