{"id":300252,"date":"2017-10-04T20:00:00","date_gmt":"2017-10-04T12:00:00","guid":{"rendered":"http:\/\/thefinance.sg\/?guid=8596a84190ac775adfc70a0ade3b6faa"},"modified":"2017-10-06T15:47:20","modified_gmt":"2017-10-06T07:47:20","slug":"a-matter-of-questionable-management","status":"publish","type":"post","link":"https:\/\/thefinance.sg\/2017\/10\/04\/a-matter-of-questionable-management\/","title":{"rendered":"A Matter of Questionable Management"},"content":{"rendered":"<p>Singhaiyi Holdings Ltd <i>(Singhaiyi)<\/i> was <a href=\"http:\/\/tubinvesting.blogspot.sg\/2017\/01\/singapore-counter-rise-30-over-3-days.html\">a great call<\/a> previously by me. I average upwards when it announces an exceptional Q1 2017.<\/p>\n<p>However, its recent purchase of <a href=\"http:\/\/www.straitstimes.com\/business\/property\/sun-rosier-condo-fetches-271m-in-singapores-latest-en-bloc-sale\">Sun Rosier<\/a> 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 <i>may<\/i> have a different view.<\/p>\n<p>But I realized <b>Singhaiyi missed out reporting that it was awarded a public tender of a string of commercial units from OKH Global Ltd <i>(OKH)<\/i> when they were the only bidder.<\/b><br \/>\n<b><br \/>\n<\/b><\/p>\n<table class=\"tr-caption-container\" style=\"margin-left: auto; margin-right: auto; text-align: center;\" cellspacing=\"0\" cellpadding=\"0\" align=\"center\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td class=\"tr-caption\" style=\"text-align: center;\">Announcement made by OKH on 11 Jul 2017<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<table class=\"tr-caption-container\" style=\"margin-left: auto; margin-right: auto; text-align: center;\" cellspacing=\"0\" cellpadding=\"0\" align=\"center\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td class=\"tr-caption\" style=\"text-align: center;\">No announcement by Singhaiyi on 11 Jul 2017<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>For those that do not know, Singhaiyi and OKH technically are owned by the same parent company &#8211; Haiyi Holdings Pte Ltd.<\/div>\n<div><\/div>\n<div>This meant that this was actually a related party deal. From my experience, I doubt any related party &#8230;<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":376,"featured_media":300251,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[129],"tags":[],"acf":[],"jetpack_featured_media_url":"https:\/\/thefinance.sg\/wp-content\/uploads\/2017\/10\/1.png","_links":{"self":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts\/300252"}],"collection":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/users\/376"}],"replies":[{"embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/comments?post=300252"}],"version-history":[{"count":0,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/posts\/300252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/media\/300251"}],"wp:attachment":[{"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/media?parent=300252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/categories?post=300252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thefinance.sg\/wp-json\/wp\/v2\/tags?post=300252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}