350 2chen qiuhaiCEO Chen Qiuhai bought $7.46 million worth of shares in Yamada this month. NextInsight file photo.This month (Sept 2015), Chen Qiuhai (photo), the chairman and CEO of Yamada Green Resources, boosted his stake in the company. He: 

* Subscribed for 97,968,359 rights shares @ 7 cents each. That cost him S$6,857,785.

The exercise price of 7 cents is the equivalent of 2.0 PE.

* Bought 7,150,000 shares in the open market at an average of 8.38 cents a share. That cost him S$599,320.

As a result, Mr Chen owns 301,055,077 shares of Yamada Green Resources now, or a 37.12% stake, as of 22 Sept 2015.


A new substantial shareholder of Yamada Green Resources has emerged -- Gilbert Ee (photo).

Following the rights issue of Yamada, Mr Ee raised his stake from 5,907,100 shares (1.1% stake in the company) to 65,938,500 shares (8.18% stake).

Mr Ee is the CEO of GSH Corporation, whose executive chairman is Sam Goi.  

The latter is a substantial shareholder of Yamada too with a deemed interest of 7.8%, arising from his 90% interest in Hydrex which dierctly owns the 7.8% stake. (The other 10% of Hydrex is owned by Koh Boon Hwee).

In FY2015 (ended June 2015), Yamada earned RMB503.9 m in revenue. The contributors were:

* Sale of self-cultivated shiitake mushrooms: RMB240.9 million
* Sale of moso bamboo trees and bamboo shoots: RMB74.4 million
* Sale of processed food products: RMB188.6 million

Overall gross profit margin: 24.3% 
Net profit: RMB86.2 million (down 15.9% y-o-y).

See Yamada's press release here.

You may also be interested in:


#1 yada 2015-09-23 16:55
First time in a long time, we see a S-chip CEO really spending money to buy his stock! There is a sexy story that will unfold for shareholders?

You have no rights to post comments

Counter NameLastChange
AEM Holdings2.760-0.050
Avi-Tech Electronics0.265-
Best World1.8000.010
Broadway Ind0.086-0.001
China Sunsine0.390-
Delfi Limited1.0500.010
Food Empire1.4200.020
Fortress Minerals0.2700.020
Geo Energy Res0.390-0.005
GSS Energy0.027-0.002
Hong Leong Finance2.560-
Hongkong Land (USD)3.270-0.060
ISDN Holdings0.340-0.005
IX Biopharma0.041-0.005
Jiutian Chemical0.025-
KSH Holdings0.2500.005
Leader Env0.050-0.003
Medtecs Intl0.135-0.004
Nordic Group0.345-0.005
Oxley Holdings0.093-
REX International0.121-0.003
Sinostar PEC0.137-0.002
Southern Alliance Mining0.605-
Straco Corp.0.515-0.010
Sunpower Group0.215-
The Trendlines0.085-
Totm Technologies0.024-0.002
Uni-Asia Group0.840-0.010
Wilmar Intl3.390-0.020
Yangzijiang Shipbldg1.660-0.030

We have 3171 guests and no members online

rss_2 NextInsight - Latest News