Annual reports of companies have reached the mailboxes of shareholders and are being uploaded to the SGX website. Some contain interesting information on shareholders. Readers have highlighted those of China Sunsine and Oceanus (and there are more to come):
Source: Annual report of China Sunsine 2008
A colourful and newsy look to the annual report of Sunsine2G Capital, which needs no introduction, has emerged as a shareholder of SGX-listed China Sunsine, which is probably the largest producer of rubber accelerators in PRC and the world.
2G, which has invested early in the likes of Hyflux, was named as a shareholder with 7 million shares in the 2008 annual report of China Sunsine
The latter serves all the global top 10 tyre manufacturers - Bridgestone, Michelin, Goodyear, Continental, Pirelli, Sumitomo, Yokohama, Hankook, Cooper, Kumho Tires - and more than 600 other customers in PRC and the world.
China Sunsine reported a 40% jump in net profit last year to RMB106.7 million.
Another interesting name appearing in the annual report is Ren Yuanlin, the chairman of Yangzijiang Shipbuilding and one of the richest men in China, according to Forbes magazine.
The biggest shareholder is Success More, the investment holding company of Xu Cheng Qiu, the chairman of China Sunsine.
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OCEANUS: Big bets
Photo by NextInsight
Oceanus Group is a bet that not just its chairman, Dr Ng Cher Yew, loves. He owns 124.2 million shares of Oceanus directly in his name.
He is also chairman of Springboard-Harper Investment Pte Ltd, one of whose funds, Springboard-Harper Technology Fund (Cayman) Ltd, has a stake of 23 million shares of Oceanus.
Dr Ng also has an interest in the 504.3 million shares held by his wholly-owned vehicle, BestGlobal Enterprises Corp, and 50.4 million shares held by Sinostar Holdings Limited.
Given his extensive holding, can you imagine the millions of dollars in dividends he stands to collect every year by declaring, say, 1 Singapore cent a share in dividend? (One cent is less than 40% of the earnings per share of 2.6 Singapore cents that Oceanus reported for 2008)
To date, Oceanus has not declared a dividend as it channels its positive cashflow into expanding its abalone farms. Oceanus has emerged as the largest land-based abalone farm operator in the world.
