San Teh

One of the rare breed to turn GREEN today, closing up 0.5 cent to reach 31.5 cents.
Tomorrow x-d, the final dividend of 1 cent.

Just to highlight that POH CHOON BIN, a subst shareholder of San Teh, has continued to accumulate the stock San Teh.

Bought 100,000 shares on July 27:
info.sgx.com/webcorannc.nsf/Announcement...0081F61?opendocument

POH CHOON BIN is a big private investor.

He is rolling in big time profit from his shareholding of VIZ BRANZ, one of the high fliers of this year, as reported in the following ......

9 stocks riding high: FRASERS, INTRACO, SARIN, JAYA, SELECT, VIZ BRANZ, etc

Will the high dividend payout cease now that San Teh has big use for its cash reserves?

It announced today that "the Group has incorporated a subsidiary to spearhead a property project to develop residential apartments and shop units (the “ Project”) in Heqing, a county of Yunnan Province.

The subsidiary, namely Dali San Teh Xing Real Estate Co., Ltd and in which the Group owns a 95% equity interest, has a registered and paid up capital of RMB34.7 million. The principal activity of the subsidiary is to engage in property development projects in the Yunnan province.


For the purpose of the Project, the Group recently secured a piece of land measuring approximately 37,000 sqm for RMB35.0 million (approximately S$7.0 million). The total cost of the Project is estimated to be RMB130.0 million (approximately S$26.0 million) and the Project is expected to be completed by 2015.