Popular

Re: Popular

Postby winston » Mon Dec 12, 2011 8:29 am

not vested

Popular Holdings, which owns a chain of bookstores, said its net profit for the six months ended Oct 31 was S$14.3 million, up 33 percent year-on-year, driven partly by higher sales from its property development and retail and distribution businesses.

Source: Reuters
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Re: Popular

Postby iam802 » Sat Feb 04, 2012 10:02 pm

Read in the papers today.

Harris bookstore in Great World City is closing.

High rental cost and lower books consumption is going to change this industry.
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Re: Popular

Postby winston » Thu Dec 11, 2014 6:45 pm

not vested

Popular Holdings (S$0.235)

Posts S$1.25m Q2 profit; warns of property blues

Popular Holdings posted a net profit of S$1.25mil for the three months ended Oct 31 (Q2FY2015) compared with a net loss of S$52,000 for the corresponding period a year ago.

EPS was 0.16 cent. 2Q turnover dropped 8% year-on-year to S$125.6mil, due to lower revenue achieved in the property and retail & distribution
divisions.

Source: AmFraser
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Re: Popular

Postby behappyalways » Thu Jan 15, 2015 9:19 am

(Due to QC rules.....read the pdf on Singapore Housing folder)

7.4 In maintaining the Company’s listing status, the Company incurs additional compliance and associated costs.

The Offeror believes that the privatisation of the Company will provide the Company with greater management flexibility to manage and develop its businesses, optimise the use of resources and facilitate the implementation of any strategic initiatives and/or operational changes.

As stated in the Company's half-year results announcement released on 10 December 2014, “… The Group encounters marked difficulties in marketing and selling the unsold units in its property developments because of the current challenging market environment. If the Group is unable to sell all the unsold units within the time frame required under the Qualifying Certificate conditions issued in respect of its development properties, it would incur additional expenses for the extension of time to sell the unsold units.

As at 31 October 2014, 21 units (of a total 26 units) of Ei8ht Raja remained unsold. Under the Qualifying Certificate issued in respect of Ei8ht Raja, all units must be sold within 2 years from 28 May 2013, the date of the issue of the Temporary Occupation Permit. … Permai Residences should be completed by end of 2015.

The Group would face the same challenges should the current market conditions persist.” The privatisation of the Company would result in the Company being wholly owned by Singapore citizens and better enable it to apply to the relevant Singapore authorities for the cancellation of the Qualifying Certificate and the issue of a clearance certificate under Section 10 of the Residential Property Act (Chapter 274) of Singapore, which will not contain the aforesaid deadline.

VOLUNTARY CONDITIONAL CASH OFFER

http://infopub.sgx.com/FileOpen/SGXNET_ ... eID=331374
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