“I made a 20-minute presentation and he just sat there drinking loquat juice.  

"At the end of my presentation, he said his first words: ‘It’s good. I like the taste.’ ”

 -- Parry Ng (right, vice-president for investor relations, Sino Grandness. NextInsight file photo).

He was relating his encounter with Prayudh Mahagitsiri, the Thai tycoon linked to two companies -- Thoresen Thai Agencies and PM Group. Officials of the companies had told Parry that 
only if the 70-year-old Prayudh was satisfied after the taste test would the companies proceed with due diligence on Sino Grandness and consider the proposed share placement. 

loquat_canSino Grandness has about 78% market share in China for loquat juice, according to a Frost & Sullivan survey. Photo: Company Subsequently, the two companies agreed to subscribe for 68 million new Sino Grandness shares. They will own 9% and 3.77%, respectively, of the enlarged share base of Sino Grandness. At 61 Singapore cents apiece, the placement shares will raise around S$52m. 

Parry's anecdote is part of an article ('
Sino Grandness ropes in new investor, sidesteps convertible bond redemption') by associate editor Leu Siew Ying in the current edition of the weekly The Edge Singapore. Get it at the news-stands for S$5.   

TTAsign9.14Two sets of siblings @ signing of share subscription agreement in Thailand > L-R: Ausana Mahagitsiri (MD of PM Group), Chalermchai Mahagitsiri (CEO, Thoresen Thai Agencies), Huang Yupeng (CEO, Sino Grandness), Huang Yushan (Executive Director, Sino Grandness). Photo: Sino Grandness. 
Recent storySINO GRANDNESS: Attracts Two Quality Investors From Thailand 

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-2 #3 scary 2014-10-19 21:18
fruit juice is cause of cancer.

why anyone want to juice their fruits if they know this fact !?

It's supposed to be the healthy way to start the day.
But a glass of juice might not be as beneficial as you think – and could even be harmful.
Scientists claim fruit juice contains so much sugar it actually increases the risk of certain cancers, rather than preventing them.
In fact, by the time the drink has been processed and packaged, many of the ingredients in fruit that protect against tumours have been lost, they say.
Australian researchers had sought to establish how effective different fruits, vegetables and juices were at preventing the development of bowel cancer.
They examined the diets of 2,200 adults, who filled in a questionnaire detailing their daily eating habits. The team then tracked the participants for two years to see how many of them developed the disease.
Unsurprisingly they found that eating apples, sprouts, cauliflower or broccoli on a daily basis all reduced the likelihood.
However, those who consumed lots of fruit juice had a higher risk.
The research, published in the Journal of the American Dietetic Association, found that those drinking more than three glasses a day were more likely to develop rectal cancer, a form of bowel cancer.
Scientists believe the high sugar content in juice may trigger certain tumours.

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#2 Jack Phang 2014-10-16 07:59
MD of PM Group is quite pretty. Hope synergies can be created among the two groups. Cheers.
+2 #1 CCBdavidchen 2014-10-15 12:11
While you are nervous out there with your presentation. I am blardy nervous of your ever tanking share price.

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