SINO GRANDNESS: The day Thai tycoon sampled loquat juice...

“I made a 20-minute presentation and he just sat there drinking loquat juice.

"At the end of my presentation, he said his first words: ‘It’s good. I like the taste.’ ”

-- Parry Ng (right, vice-president for investor relations, Sino Grandness. NextInsight file photo).

He was relating his encounter with Prayudh Mahagitsiri, the Thai tycoon linked to two companies -- Thoresen Thai Agencies and PM Group. Officials of the companies had told Parry that only if the 70-year-old Prayudh was satisfied after the taste test would the companies proceed with due diligence on Sino Grandness and consider the proposed share placement.

Sino Grandness has about 78% market share in China for loquat juice, according to a Frost & Sullivan survey. Photo: Company Subsequently, the two companies agreed to subscribe for 68 million new Sino Grandness shares. They will own 9% and 3.77%, respectively, of the enlarged share base of Sino Grandness. At 61 Singapore cents apiece, the placement shares will raise around S$52m.

Parry's anecdote is part of an article ('Sino Grandness ropes in new investor, sidesteps convertible bond redemption') by associate editor Leu Siew Ying in the current edition of the weekly The Edge Singapore. Get it at the news-stands for S$5.

Two sets of siblings @ signing of share subscription agreement in Thailand > L-R: Ausana Mahagitsiri (MD of PM Group), Chalermchai Mahagitsiri (CEO, Thoresen Thai Agencies), Huang Yupeng (CEO, Sino Grandness), Huang Yushan (Executive Director, Sino Grandness). Photo: Sino Grandness.
Recent story: SINO GRANDNESS: Attracts Two Quality Investors From Thailand

Counter Name	Last	Change
AEM Holdings	2.290	-0.070
Best World	2.460	0.020
Boustead Singapore	0.945	-0.015
Broadway Ind	0.125	-0.003
China Aviation Oil (S)	0.905	-0.005
China Sunsine	0.400	-0.010
ComfortDelGro	1.450	-0.010
Delfi Limited	0.895	-0.005
Food Empire	1.280	-0.040
Fortress Minerals	0.305	-0.015
Geo Energy Res	0.300	-0.005
Hong Leong Finance	2.480	-0.010
Hongkong Land (USD)	2.830	-0.020
InnoTek	0.520	-0.015
ISDN Holdings	0.300	0.005
ISOTeam	0.042	-0.001
IX Biopharma	0.040	-0.005
KSH Holdings	0.255	0.005
Leader Env	0.050	-
Ley Choon	0.044	0.001
Marco Polo Marine	0.067	-0.002
Mermaid Maritime	0.136	-0.003
Nordic Group	0.310	-0.005
Oxley Holdings	0.089	-
REX International	0.138	0.003
Riverstone	0.790	-0.005
Southern Alliance Mining	0.445	-
Straco Corp.	0.495	0.010
Sunpower Group	0.205	-0.005
The Trendlines	0.069	-
Totm Technologies	0.022	-
Uni-Asia Group	0.825	-
Wilmar Intl	3.400	0.020
Yangzijiang Shipbldg	1.740	-0.030

Counter Name

Last

Change

AEM Holdings

2.290

-0.070

Best World

2.460

0.020

Boustead Singapore

0.945

-0.015

Broadway Ind

0.125

-0.003

China Aviation Oil (S)

0.905

-0.005

China Sunsine

0.400

-0.010

ComfortDelGro

1.450

-0.010

Delfi Limited

0.895

-0.005

Food Empire

1.280

-0.040

Fortress Minerals

0.305

-0.015

Geo Energy Res

0.300

-0.005

Hong Leong Finance

2.480

-0.010

Hongkong Land (USD)

2.830

-0.020

InnoTek

0.520

-0.015

ISDN Holdings

0.300

0.005

ISOTeam

0.042

-0.001

IX Biopharma

0.040

-0.005

KSH Holdings

0.255

0.005

Leader Env

0.050

Ley Choon

0.044

0.001

Marco Polo Marine

0.067

-0.002

Mermaid Maritime

0.136

-0.003

Nordic Group

0.310

-0.005

Oxley Holdings

0.089

REX International

0.138

0.003

Riverstone

0.790

-0.005

Southern Alliance Mining

0.445

Straco Corp.

0.495

0.010

Sunpower Group

0.205

-0.005

0.069

0.022

0.825

3.400

0.020

Yangzijiang Shipbldg

1.740

-0.030

Comments

-2 #3 scary 2014-10-19 21:18

fruit juice is cause of cancer.

why anyone want to juice their fruits if they know this fact !?

It's supposed to be the healthy way to start the day.
But a glass of juice might not be as beneficial as you think – and could even be harmful.
Scientists claim fruit juice contains so much sugar it actually increases the risk of certain cancers, rather than preventing them.
In fact, by the time the drink has been processed and packaged, many of the ingredients in fruit that protect against tumours have been lost, they say.
Australian researchers had sought to establish how effective different fruits, vegetables and juices were at preventing the development of bowel cancer.
They examined the diets of 2,200 adults, who filled in a questionnaire detailing their daily eating habits. The team then tracked the participants for two years to see how many of them developed the disease.
Unsurprisingly they found that eating apples, sprouts, cauliflower or broccoli on a daily basis all reduced the likelihood.
However, those who consumed lots of fruit juice had a higher risk.
The research, published in the Journal of the American Dietetic Association, found that those drinking more than three glasses a day were more likely to develop rectal cancer, a form of bowel cancer.
Scientists believe the high sugar content in juice may trigger certain tumours.

Read more: http://www.dailymail.co.uk/health/article-2041829/Cancer-causes-Healthy-fruit-juice-sugar-bring-tumours.html#ixzz3Gb2yyuDv
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#2 Jack Phang 2014-10-16 07:59

MD of PM Group is quite pretty. Hope synergies can be created among the two groups. Cheers.

+2 #1 CCBdavidchen 2014-10-15 12:11

While you are nervous out there with your presentation. I am blardy nervous of your ever tanking share price.

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SINO GRANDNESS: The day Thai tycoon sampled loquat juice...

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