New property launches are not selling like hot cakes any more. This applies to Waterwoods exec condo. Robin Residences will be launched soon. Don't expect anything out of the ordinary.
www.robinresidences.net/
ok I just sent out the email to sing holdings. 5 names......pls support if you own shares and agree to the content to the email. They simply have too much cash at the moment so let's 'remind' them to adjust the capital structure.
.......
The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital structure, the Group may adjust the dividend payment to shareholders, RETURN CAPITAL TO SHAREHOLDERS or issue new shares........
With regard to a share buyback scheme, this issue has been deliberated
repeatedly by the Board of Directors. The Company's position and rationale,
as clearly explained in our email to you on 18 March 2014, remain the same.
Other than its operational needs, the Company requires a healthy cash
balance for business expansion and to ride through any market downturn.
On your second point, we hold a different view. Our shareholders invest in
the Company knowing it to be a property developer and investor. We will
continue to focus on our core business instead of trying to grow the Company
through share buyback.
Lastly, purchases made by Mr Lee Sze Hao and F. H. Lee Holdings (Pte)
Limited are purely their personal choices and as with all other
shareholders, such personal decisions are independent of the Company's
consideration. As Directors of the Company, the Board members steer the
Company and make decisions to the best interests of the Company.
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