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.
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