Huan Hsin Holdings

Huan Hsin receives notice to delist; to provide exit offer

SINGAPORE (Dec 19): Huan Hsin, the electronics contract manufacturer, has today received a notice to delist from the Singapore Exchange (SGX) for failing to meet its profitability and market capitalisation requirements on the Mainboard of SGX.

Results

Huan Hsin reports wider 1Q loss, flags going concern issue

SINGAPORE (May 9): Huan Hsin Holdings reported a loss of $2.6 million for 1Q18, widening from its loss of $2 million a year ago on the back of lower revenue and higher costs.

Huan Hsin's auditors cast doubts on company's ability to continue as going concerns

SINGAPORE (Mar 27): The independent auditors of Huan Hsin Holdings have cast doubts on the company's ability to continue as going concerns, based on material uncertainties in its FY17 ended Dec financial statements.

M&A

Huan Hsin seeking new lease of life as vanadium miner to get off watch-list

SINGAPORE (Mar 6): Huan Hsin Holdings is morphing from a manufacturer of electronics and electrical components into a vanadium mining company.

Results

Huan Hsin's 3Q loss narrows 38% to $2.5 mil on lower expenses after downsizing

SINGAPORE (Nov 9): Huan Hsin Holdings, the integrated contract manufacturer of telecommunications and electronic products, saw its 3Q17 loss narrow 38% to $2.5 million from $4 million a year ago on lower expenses.  

In the wake of shareholders' vote, two board departures at USP Group within a fortnight

SINGAPORE (July 20): A disgruntled USP Group shareholder failed to oust key directors of the board, but some three months after an EGM was called, the company’s board has seen two departures within the past fortnight.

2013 Penny Stock Crash

USP Group calls EGM but skips requisitioning members' concerns

SINGAPORE (March 24): USP Group, which has been facing a minority revolt, has finally called an extraordinary general meeting. But it is not quite for the reasons listed in the shareholders' requisition.

Update

USP’s dissenting shareholders can convene meeting if ignored by board: SGX

SINGAPORE (March 17): The Singapore Exchange says USP’s dissenting shareholders may themselves convene a shareholders’ meeting within three months from the requisitioning date if USP’s board of directors ignore their request to hold an extraordinary

USP seeking advice on EGM requisition letter, advised to obtain ‘documentary evidence’ of shareholders’ stake

SINGAPORE (March 17): USP Group says it is still seeking legal advice on the validity of an extraordinary general meeting (EGM) request made by substantial minority shareholders Joshua Huang Thien En and Teng Choon Fong, from over a month ago.

Hot Stock

USP shares surge more than 60% despite minority revolt

SINGAPORE (Feb 20): Shares of USP Group, typically thinly traded, surged by more than 60% to 16.9 cents on Monday, following a move by two of the company’s substantial shareholders to try and oust executive chairman Li Hua and executive director Raphael
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