Eu Yan Sang International says wholly-owned subsidiary in Hong Kong, Eu Yan Sang (Hong Kong) Limited has acquired 90% interest in Yan Sang Biotechnology Company for HK$6.12 million ($1.03 million).
Posts Tagged ‘Yan’
Eu Yan Sang Hong Kong unit acquires 90% stake in Yan Sang Biotechnology Company
Eu Yan Sang International – Corporate moves
Matthew J. Estes has been appointed independent director wef Oct 29
Work experience: President/CEO, BabyCare Ltd; MD, Greater China, Wella Cosmetics
STI +0.3%; market to quieten post fed – DBS
Market bounce unsurprising after yesterday’s 1.2% fall in anticipation of a smaller-than-anticipated Fed action next week; after that, going into mid-November, DBS Vickers strategist Yeo Kee Yan says ’market activity is likely to quieten down, and remain quiet until at least end-December/early next year.’
Eu Yan Sang International – Corporate moves
Tan Kang Fun @ KF Tan has resigned as COO wef Aug 31
Reason for cessation: Mr Tan has resigned as the Chief Operating Officer of the Company to pursue other interests.
Eu Yan Sang posts 48% rise in full-year net profit to $19.3m
Mainboard-listed Eu Yan Sang International, the healthcare company with a strong foundation in Traditional Chinese Medicine (TCM) and integrative healthcare, posted an increase of 48% in net profit to $19.3 million for its financial year ended 30 June 2010 (FY2010) on the back of record revenue of $244.7 million.
The group’s higher revenue in FY2010 was mainly attributed to the increase in retail sales in all its three core markets, namely Hong Kong, Malaysia and Singapore. Lower operating costs and better same store sales contributed to a better operating profit before tax. The higher net profit was also further boosted by $1.5 million from a fair value gain on property, plant and equipment and a fair value gain on investment properties.
Aug 3: Cosco, Hyflux, OCBC, Noble, Keppel, Eu Yan Sang
Singapore stocks are likely to recieve a boost on Tuesday from a rally on Wall Street, where US stocks closed at their highest level in 10 weeks on Monday as a weaker US dollar lifted the energy and raw materials sectors.
Singapore’s benchmark Straits Times Index (.FTSTI) rose 1.25% on Monday to 3,025.04 points.
Eu Yan Sang to acquire 14.99% of ASX-listed Healthzone for A$3.6m
Mainboard-listed Eu Yan Sang International, the retailer of Traditional Chinese Medicine (TCM) products and operator of integrative healthcare clinics, has acquired 14.99% of Healthzone Limited, an ASX-listed distributor, franchise retailer and brand owner of health, beauty and natural health products in Australia and China.
Eu Yan Sang has acquired from the open market 7.3 million Healthzone shares at A$0.30 each or A$2.2 million ($2.7 million) in total. Eu Yan Sang further subscribed for a private placement of 4.6 million shares at A$0.30 per share or A$1.4 million. The total investment cost of A$3.6 million will be funded by internal cash resources.
Eu Yan Sang’s 3Q net profit doubles to $7.6m
Eu Yan Sang International, the healthcare company with core businesses in Traditional Chinese Medicine (TCM) and integrative healthcare, says net profit for the period ended 31 March 2010 (3QFY2010) doubled to $7.6 million from $3.8 million in 3QFY2009.
Eu Yan Sang’s 2QFY2010 net profit rises 36% to $4.8 million
Eu Yan Sang International, the progressive healthcare company with a strong foundation in Traditional Chinese Medicine (TCM), has posted a net profit of $4.8 million for 2QFY2010 ended 31 December 2009, an increase of 36% y-o-y.
The higher net profit was buoyed by a 10% increase in revenue to $58.5 million for 2QFY2010. Gross profit margin maintained at 52%. Without any impairment expenses in 2QFY2010 compared to 2QFY2009, operating profit soared 41% to $5.6 million.
MFS Technology – Corporate moves
Chia See Yan, Ronnie has been appointed acting CFO/company secretary wef Feb 5
Work experience: Financial controller/finance director, MFS Technology (S) Pte Ltd; financial controller/finance director, Connectcity (S) Pte Ltd
Singapore Post says CEO Wilson Tan Wee Yan to step down
No increase in Chinese incursions: Army Chief
Chief of Army staff General Deepak Kapoor said on Saturday that there has been no increase in Chinese incursions along the Sino- Indian border.
“I would say that the Prime Minister made a statement yesterday itself that there has not been any more incursions. The number of incursions is at the same level as last year [...]
Chinese envoy meets MEA officials
Amid media reports of rising tensions between New Delhi and Beijing, Chinese Ambassador to India Zhang Yan met officials of Ministry of External Affairs in South Block on Thursday, sources have said.
The Chinese Ambassador reportedly sought the meeting and no demarche or summon was issued by the Indian Foreign Ministry.
Highly placed sources maintained that the [...]
Chinese blogger tweets arrest SOS
• Twitterer amoiist caught up in police blog probe
• Inquiry centres on murder ‘libel’ against officials
The hundreds following amoiist on Twitter were used to his stream of messages. But they ended abruptly with two terse updates early yesterday morning.
“i have been arrested by Mawei police, SOS” he wrote. Then shortly afterwards: “Pls help me, I grasp the phone during police sleep.”
His followers quickly passed on his plea to other Twitterers. But since then there has been silence from amoiist – also known as Peter Guo, or Guo Bofeng – who is apparently the latest internet user to be caught up in an inquiry that began with claims of defamation but which police now say involves “state secrecy issues”.
As many as seven bloggers have been detained over claims that a 25-year-old woman, Yan Xiaoling, had been gang-raped and murdered. It was further alleged that the man responsible was connected to local authorities in her city in Fujian province, southern China.
Officials dismissed the stories, which first surfaced in late June, and insisted Yan had suffered a haemorrhage caused by an ectopic pregnancy. They turned their attention to tracking down those they suspected were responsible for the stories.
According to Global Voices Online, Guo posted an interview with Yan’s mother in which she repeated the claims and accused local authorities of a cover-up.
An employee at Mawei police station told the Guardian: “These cases are in the process of investigation. We are not in charge of the case so we can’t tell you more. We will release information if there is progress.”
The case is testament both to the growing ability of Chinese citizens to share information through the internet, and to the restrictions on those who do.
In a recent, unpublished interview with the Guardian over the government’s Green Dam censorship programme, Guo said: “The significance of internet in China is huge. It can’t change the current situation in China right away, but it has deeply influenced China. Through the internet, Chinese society has become more and more diverse, and more importantly many people who are unaware of the truth have started to hear different voices.”
Guo, who described himself on Twitter as “a trouble maker in Amoy [Xiamen], living with character sales”, is reportedly a professional interpreter. His two calls for help were in English, although he generally uses Chinese.
He often blogs and tweets about news, current affairs and internet censorship, frequently with a satirical tinge, and has more than 1,500 Twitter followers. A message posted several hours before his pleas read: “Peter Guo, one of the twitterers in China, originally from the Fujian countryside, not a famous blogger; people called him amoiist, good character, young, handsome.”
Liu Xiaoyuan, who represents another detained blogger, You Jingyou, said lawyers had been told they could not meet their clients because the case involved “state secrets”.
Liu’s client wrote his power of attorney in advance because he feared he might be the next to be detained. Another man who was away when police visited his home yesterday told Liu he believed they planned to detain him.
The lawyer said: “I do not know why exactly [You] was detained. Whether it is because he wrote something or he spread something or planned something is still unknown. But from the police we know it was connected to the Yan Xiaoling case.”
He said bloggers had been held more frequently in the last two years. “I think it is because the internet’s power is getting bigger and bigger and the internet uncovers many issues so the authorities get more pressure.”
Another lawyer told the Xinkuaibao newspaper that if officials had been libelled they should sue the bloggers involved rather than launching a criminal case. “We can tell that the local officials haven’t caught up with the need for the development of open information and the internet. They have not adapted to it and feel it is a big deal if some bad information appears on the net.”
Twitter is blocked in China but many on the mainland still tweet through a variety of means.
Sub-prime Still Gets Shares Down
But fall cushioned as Govt says no new property measures
Cheow Xin Yi
cheowxinyi@mediacorp.com.sg
SINGAPORE shares suffered their biggest fall in three weeks yesterday as
bourses worldwide slumped on continued concerns over the extent of the
sub-prime mortgage crisis that began in the United States.
But the Straits Times Index (STI) found a foothold at the psychological
3,500 mark, soothed partly by the Government’s reassurance that it would
not be taking further measures to cool the property market.
The benchmark shed 88.55 points, or 2.5 per cent, to close at 3,511.12,
recovering from an intraday low of 3,483.2. Decliners outnumbered gainers
800 to 160, on volume of 2.17 billion shares valued at $2.74 billion.
Banks continue to bear the brunt of the selling. Shares in DBS,
Singapore’s largest lender, fell 70 cents to $19.80. Shares in United
Overseas Bank, the second- biggest, shed 50 cents to $19.60. OCBC shares
lost 15 cents to $8.50.
“There’s been a wave of risk aversion around the world in the wake of last
week’s reports of more (US) banks’ write-offs; so, that clearly scared
investors off. We saw the weakness on Wall Street last Friday and that was
echoed in sell-offs across Asia,” said economist David Cohen from Action
Economics.
DBS Vickers’ retail market strategist Yeo Kee Yan said he expected a
rebound today after National Development Minister Mah Bow Tan’s remarks in
Parliament that the Government would not be “considering any new measure
for the property market” following its move last month to scrap the
deferred payment scheme.
“Some of the property stocks have been sold down quite badly. The market
may see this as an excuse to put some technical bounce on property plays.
But the trend is still uncertain with so many worries like oil prices and
the sub-prime crisis,” said Mr Yeo.
Empty Monasteries, Blood-stained Floors
Reprisals send Myanmar’s monks running for their lives
BANGKOK – Myanmar’s monasteries used to teem with saffron-robed Buddhist
monks, revered as spiritual guides and moral authorities in a country in
the grip of a repressive military regime.
In September, the junta turned its troops on the monks, beating them in
the streets for leading pro-democracy protests. They also raided
monasteries, chasing anyone who had participated in the rallies and
leaving behind blood-stained floors.
Nobody knows how many of the more than 500,000 monks in Myanmar remain.
The picture that emerges after scores of interviews is that monasteries
around the country have been depleted – especially in Yangon and Mandalay,
where the protests were staged. Many monks have slipped into other
countries or are hiding in their hometowns and villages.
To avoid being caught in a night raid on their monasteries, some stay with
friends, despite rules that do not allow monks and lay people to sleep
under the same roof.
The junta has lifted a night-time curfew, restored Internet access and
ended a ban on public assembly. But the monks remain targets. The junta
said it was still pursuing four monks who led the rallies.
One of them, Mr U Kovida, asked that his location be kept secret in case
the Thai authorities sent him back. “At the moment you will hardly find a
monk in Yangon. Monks are being arrested and sent to labour camps,
tortured and killed,” said the 24-year-old.
A heavy police guard remains outside a few monasteries in Yangon where
some of the best-known shrines were flashpoints.
But there is little left to guard in some monasteries. The Ngwekyar Yan
monastery in northern Yangon used to house 180 monks, said chief abbot U
Yewata, who was ordered by officials to move out. He said 70 monks were
dragged away on the night of Sept 26 and more were arrested later.
An abbot at a monastery in Ahlone township, in western Yangon, said he had
sent most of his 1,200 monks home fearing he could no longer control them.
Only the elderly monks remain.
Residents of North Okalapa township in northern Yangon said when a
traditional daily procession of monks failed to show up they went to the
monastery and were told that hundreds of monks had left.
The last time monks took to the streets was during anti-government
protests in 1990, which the junta crushed.
The junta regards monks as a potential threat. It has tried to intimidate,
bribe and spy on them. It has also tried to gain control over the official
state committee of monks, giving some of its 47 members cars, mobile
phones, televisions and other gifts.
But many say the junta went too far in targeting the monks. Some 90 per
cent of Myanmar’s 54 million people are Buddhists and monasteries are
sacrosanct.
At the height of the crackdown, news footage showed troops firing on
marching monks. A dead monk was shown floating face-down in a river.
For now, the generals appear to have scared the monks into submission.
Mr Josef Silverstein, a retired Rutgers University professor who studied
Myanmar for more than 50 years, does not expect to see monks in the front
line for some time. “Prayers were no match for the guns and determination
of the military,” he said.
Other experts say the monks’ treatment won’t be forgotten. “The next wave
of protests may have to be led by student leaders and political activists.
But monks will remain an inspiration that lends legitimacy to the
movement,” said Myanmar specialist Pornpimon Trichot. – AP



