Sinjia Land

Big Fish
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9 years 11 months ago #19967 by Big Fish

Sinjia Land was created by Big Fish

Property play now nto clean energy stuff.

Ex coo sold 1.7mil used to be COO

Daily share buy back recently ard 20cts. Sounded good but they could have done it in March when it is a whole ot cheaper at ard 10cts. But hey, CEO loaded some around that period instead. CEO used to be from KIMENG investment unit so pretty shrewd move. Heehee. I load some first then use coy $$$ to support the price. Good huh. yes Anyway, he didn' t buy alot so nevermind. But why waste cash now to buy back shares. They should save it up for the new business venture.

Then Ex-COO come and sell into stregnth. Dunno what is in his mind now. To hold or to dispose? He still got 6.2mil to play around. Now his holding under 5%, I think he no longer needs to report sale.

I have no idea how their polymer and property businesses are performing but I am not interested in those. The RTE JV is the intersting one but no detail at all. Damn sianzzz... another that I can only watch until more details emerge.

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9 years 11 months ago #19970 by Big Fish

Replied by Big Fish on topic Sinjia Land

straits times article 24 may 2014
By Tee Zhuo

SINGAPORE - A $15 million clean energy plant will partially power JTC Corporation's CleanTech One building located in its 50-ha CleanTech Park.

This is the result of a 50-50 joint venture - Sinjia RTE Solutions - announced earlier in March between locally-listed Sinjia Land and homegrown research and development firm Real Time Engineering (RTE).

The one-megawatt plant will start providing carbon-free electricity from hydrogen gas for CleanTech One's common areas by end July.

At maximum capacity, it can produce enough electricity to run about a thousand air-conditioning units at the same time.
- See more at: www.straitstimes.com/news/business/compa...sthash.nkdepf56.dpuf

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Big Fish
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9 years 10 months ago #20004 by Big Fish

Replied by Big Fish on topic Sinjia Land

There is an overhang of shares owned by ex-COO Wa. He could be unloading bit by bit.

On the other hand, the clean energy project could have several revenue streams -- apart from producing electricity for JTC park. There is potential for producing Hydrogen for commercial sale and producing bio-crude oil (as mentioned in press rls).

I will wait for some time to see if the overhang of shares can be cleared.

The following user(s) said Thank You: Joes

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9 years 10 months ago #20095 by Joes

Replied by Joes on topic Sinjia Land

U were rite. Sinjia Land not stable because of share overhang. and has dropped to as low as 15.6 cents on Fri. Perhaps I will go in if it drops to 14 cents....

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8 years 11 months ago #22172 by Big Fish

Replied by Big Fish on topic Sinjia Land

I didn't realise there was an overhang of shares from another subst. shareholder, Ang Kong Meng. He sold down a lot recently and by now I think, it's probably zero unless he chooses to hold some.

The fundamentals of the company don't look pretty anyway. Wonder what happened to their energy business. Will it come along soon?

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