Will the high dividend payout cease now that San Teh has big use for its cash reserves?

It announced today that "the Group has incorporated a subsidiary to spearhead a property project to develop residential apartments and shop units (the “ Project”) in Heqing, a county of Yunnan Province.

The subsidiary, namely Dali San Teh Xing Real Estate Co., Ltd and in which the Group owns a 95% equity interest, has a registered and paid up capital of RMB34.7 million. The principal activity of the subsidiary is to engage in property development projects in the Yunnan province.


For the purpose of the Project, the Group recently secured a piece of land measuring approximately 37,000 sqm for RMB35.0 million (approximately S$7.0 million). The total cost of the Project is estimated to be RMB130.0 million (approximately S$26.0 million) and the Project is expected to be completed by 2015.

Just to highlight that POH CHOON BIN, a subst shareholder of San Teh, has continued to accumulate the stock San Teh.

Bought 100,000 shares on July 27:
http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/6FA4E65A12FB1E6648257A4B00081F61?opendocument

POH CHOON BIN is a big private investor.

He is rolling in big time profit from his shareholding of VIZ BRANZ, one of the high fliers of this year, as reported in the following ......

9 stocks riding high: FRASERS, INTRACO, SARIN, JAYA, SELECT, VIZ BRANZ, etc

One of the rare breed to turn GREEN today, closing up 0.5 cent to reach 31.5 cents.
Tomorrow x-d, the final dividend of 1 cent.

I guess that the chairman and spouse do see fantastic value in the company. So the share buyback continues. This month the company bought back 396,000 shares after announcing 1Q results. It was loss-making -- which makes it all the more interesting that the company is indicating that there is good value in the stock. Do your own research, hor

denjong : I agree! They have shown confidence in the company by buybacks and giving dividends. Would you be going to the AGM? Can try to find out their plans for the land in China and the valuation.

They might just delist the company since they have so much money from the 30cents payout dividend. Then get to keep all the cash in the company. Bear in mind the piece of land they have let to develope.

She bought another 1 m on Thursday, Mar 1.

http://info.sgx.com/webcorannc.nsf/AnnouncementToday/2F090C229717E98C482579B50006767D?opendocument

Good to see the chairman's wife bought 1 m shares on Monday. average price 0.28601 

http://info.sgx.com/webcorannc.nsf/AnnouncementTodayByCompanyNameAndCategory/03EA0348527BDC42482579B200115ACD?opendocument

Net loss of S$8.4 million from continuing operations for FY11. Yet to turn the corner.
The good news is on the dividend front. San Teh paying 1 cent as final div, up from 0.8 cent for FY10.

Don't forget they have just paid 30 cent special div in Jan 2012... A lot of cash coming back to minorities *(and of course the subst shareholders)

No insider buying still -- Could it be that the chairman is hinting : I give you guys a chance to pick it up cheaply. ?

Hahaha... altruism exists in the stock market?

still no company share buyback, and no buying by the towkay chairman & his Mrs who will soon collect big hongbao of more than S$42 million for the special dividend.

stock up 1.5 cents on overall market bullish sentiment -- now 27 cents.

Today is last day cum-dividend (30 cents special....). Will close at around 60 cents? Tomorrow, x-div liao, start trading at 30 cents?

SAN TEH is a 'Net Net' stock with 30-c special dividend coming

Starting the year at 60.5 - 61 cents.