Synear Food Holdings Limited is a Singapore-based investment holding company. The Company and its subsidiaries develops, produces and sells quick-freeze food products under its Synear brand name.
The Company produces a range of traditional Chinese staple food products, including savoury dumpling
products, glutinous sweet dumpling
products, and other products, including glutinous rice dumpling products and specialty desserts and snacks. Its operations are principally conducted in the People’s Republic of China.
The Company’s business consists of the manufacture and sales of frozen food. The Company has a sales and distribution network in more than 20 provinces in the People’s Republic of China. Its products are distributed to supermarkets, retail outlets and stores, including Wal-Mart, Supercentre, Carrefour and Metro Cash & Delivery in the People’s Republic of China. The Company’s subsidiaries include Art Advanced, Zhengzhou Synear and Kingpo International Limited.
I admit I would not taken a look at this company if Melvin and Brandon didn’t make enough noise on this. I have always had a thing for Synear and wanna get involved with the IPO but it didn’t materialise cause i thought its another Food Junction that just wouldn’t go anywhere.
Anyway since IPO this little stock zoom up to a high of SGD2.40 before down now to SGD 0.58. Basically if you got it at 2.40 and held till now, u just lost 75% of ur investment. Read more...