May 27, 2017 7:11 AM ET

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Company Overview of Eu Yan Sang International Ltd

Company Overview

Eu Yan Sang International Ltd, an investment holding company, manufactures, processes, distributes, retails, and sells traditional Chinese and other medicines under the Eu Yan Sang brand name. It operates through four segments: Traditional Chinese Medicine (TCM), Non-Traditional Chinese Medicine, Clinics, and Others. The company offers Chinese herbs and other medicinal products, which range from Chinese herbs and Chinese proprietary medicines to health foods and supplements. It is also involved in the property investment activities; development, manufacture, and distribution of spa products; and development of iGates, an advanced technology to decipher chemical components in traditional Chin...

Eu Yan Sang Centre

21 Tai Seng Drive

Singapore,  535223

Singapore

Founded in 1879

Phone:

65 6225 3211

Fax:

65 6225 8276

Key Executives for Eu Yan Sang International Ltd

Group Chief Executive Officer, Managing Director and Director
Age: 68
Chairman and Group Managing Director of China
Age: 53
Chief Financial Officer and Company Secretary
Chief Operating Officer
Chief Executive Officer of Australia
Compensation as of Fiscal Year 2016.

Eu Yan Sang International Ltd Key Developments

Eu Yan Sang To Be Delisted From SGX

Eu Yan Sang will request a suspension of trading in its shares on Singapore Exchange (SGX) starting Sept 28 and delist on Oct 7, 2016.

Eu Yan Sang International Ltd. to Redeem SGD 75,000,000 4.10% Fixed Rate Notes Due 2018

Eu Yan Sang International Ltd. will redeem all of the SGD 75,000,000 4.10% fixed rate notes due 2018 comprised in Series 001 on Sept. 23, 2016. The redemption price for the notes will be an amount equal to 101.75% of the principal amount of notes, together with accrued and unpaid interest to the redemption date.

Eu Yan Sang International Ltd Announces Unaudited Group Earnings Results for the Fourth Quarter and Year Ended June 30, 2016; Announces Impairment Loss for the Fourth Quarter of Fiscal 2016

Eu Yan Sang International Ltd. announced unaudited group earnings results for the fourth quarter and year ended June 30, 2016. For the quarter, the company's revenue was SGD 73.5 million compared with SGD 72.3 million a year ago. The Group's revenue for the quarter was increased by 2% against the previous corresponding quarter, primarily due to increase in wholesale revenue in Hong Kong. Operating loss was SGD 0.62 million compared with SGD 3.9 million a year ago. The improvement was attributed to gross margin improvement and lower spending on distribution and selling. Loss before taxation was SGD 12.8 million compared with SGD 0.47 million a year ago. The Group's loss before tax for the quarter was significantly affected by major impairment on property, plant and equipment, intangible assets and other assets. In addition, the unfavorable fair value adjustment to PPE and investment property in Hong Kong and higher finance costs impacted the group LBT. Foreign exchange losses from the weakening in Hong Kong Dollar and "other losses" also exacerbated the LBT. Loss attributable to owners of the company was SGD 14.1 million or 3.14 per diluted share compared with SGD 3.6 million or 0.80 per diluted share a year ago. Net cash flows from operating activities were SGD 8.3 million compared with SGD 3.4 million a year ago. Purchase of property, plant and equipment was SGD 3.8 million compared with SGD 7.5 million a year ago. Purchase of intangible assets was SGD 0.13 million compared with SGD 0.14 million a year ago. For the year, the company's revenue was SGD 338.2 million compared with SGD 350.4 million a year ago. The Group's revenue for full year declined by 3% against last year, mainly due to overall revenue decline in Hong Kong. The Group's revenue was also impacted by the weakening Malaysian Ringgit and Australian dollar. Operating profit was SGD 11.2 million compared with SGD 10.7 million a year ago. Despite GP decline by 4% against last year, the operating profit has increased by 4% compared to last year, primarily due to active cost management initiatives. Loss before taxation was SGD 8.9 million compared with profit of SGD 12.4 million a year ago. The Group's loss before tax for the year was significantly affected by major impairment on property, plant and equipment, intangible assets and other assets. In addition, the unfavorable fair value adjustment to PPE and investment property in Hong Kong and higher finance costs impacted the group LBT. Foreign exchange losses from the weakening in Hong Kong Dollar and "other losses" also exacerbated the LBT. Loss attributable to owners of the company was SGD 13.5 million or 3.01 per diluted share compared with profit of SGD 4.6 million or 1.02 per diluted share a year ago. Net cash flows from operating activities were SGD 21.5 million compared with SGD 14.9 million a year ago. Purchase of property, plant and equipment was SGD 12.7 million compared with SGD 50.7 million a year ago. Purchase of intangible assets was SGD 0.47 million compared with SGD 0.62 million a year ago. As on June 30, 2016, the company's net asset value per ordinary share was 29.8 cents. The company announced impairment loss on property, plant and equipment, intangible assets and other assets of SGD 6.8 million for the fourth quarter ended June 30, 2016. The company also announced property, plant and equipment written off of SGD 0.06 million for the fourth quarter ended June 30, 2016.

Recent Private Companies Transactions

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