Singhaiyi Holdings Ltd
(Singhaiyi) was
a great call previously by me. I average upwards when it announces an exceptional Q1 2017.
However, its recent purchase of
Sun Rosier is a bit hard to accept. There were explanations that their purchase price was too high. Nevertheless, I decided to hold on to them as I believe the management
may have a different view.
But I realized
Singhaiyi missed out reporting that it was awarded a public tender of a string of commercial units from OKH Global Ltd (OKH) when they were the only bidder.
|
| Announcement made by OKH on 11 Jul 2017 |
|
| No announcement by Singhaiyi on 11 Jul 2017 |
For those that do not know, Singhaiyi and OKH technically are owned by the same parent company - Haiyi Holdings Pte Ltd.
This meant that this was actually a related party deal. From my experience, I doubt any related party ...
...
