Hanwell AGM Takeaways
I have recently gone to the AGM for Hanwell as a shareholder which is in the business of consumable products (Royal Umbrella Rice, Beautex Tissue and etc) and they also have a 64% stake in Tat Seng Packaging that is listed in SGX.
Here are my key takeaways from the AGM:
1) There was an expenditure of around 40 million dollars last year for the reconstruction of their warehouse to make it more modern and cost-efficient. A check with their Chief Operating Officer, it seems like there won’t be any further capital expenditure for this project which is good to know.
2) At the moment, the Osaka property that they have bought is more for investment purpose and there are no concrete plans to expand their business there for the time being.
3) There has been good growth in the earnings before interest and taxes from ......