The Board of Directors of Envictus International Holdings Limited (the “Company”, and together with its subsidiaries, the “Group ”) wishes to inform shareholders that the Company has been a victim of a computer fraud perpetrated by a third party. A third party has fraudulently induced the Company to transfer sums amounting to S$318,210.00 to a third party bank account. The Company has lodged a police complaint.The Commercial Affairs Department of Singapore are investigating the matter and efforts are underway to recover the monies transferred.
If the monies are not recovered, there will be a negative impact on the Group’s earnings by the transferred amount. The Company will keep shareholders updated of any material developments as and when appropriate.
By Order of the Board ENVICTUS INTERNATIONAL HOLDINGS LIMITED DATO’ KAMAL Y P TAN Group Chief Executive Officer 6 November 2015
The same day on 6 Nov 2015, Envictus and Yamada Green's share price both shot and closed up simultaneously; what a coincidence!
Envictus ~ Bearish Gartley formation
Envictus closed with a spinning top @ S$0.105 (+0.001, +1%) with thin volume done at 300,000 shares on 6 Nov 2015.
Immediate support @ S$0.103, immediate resistance @ S$0.109.
Yamada Green ~ Bull Trap
Yamada Green closed with a gravestone doji @ S$0.11 (+0.004, +3.8%) with high volume done at 35.1m shares on 6 Nov 2015.
Immediate support @ S$0.107, immediate resistance @ S$0.125.
Yamada Green Resources rises as much as 18% after Envictus buys stake; Envictus up 3.8%
By Benjamin Tan 6 Nov 2015
Shares in Yamada Green Resources rose by as much as 18% to 12.5 cents, a day after Envictus International acquired an 11.43% stake in the grower and supplier of fresh and processed agricultural products for $10.5 million.
By 1.41pm, Yamada Green had risen by 8.5% to 11.5 cents. Around 31.4 million shares changed hands, making the stock the third most actively traded on the bourse. Envictus shares were up 3.8% at 10.8 cents.
Fujian-based Yamada Green has been listed on the Singapore Exchange since Oct 8, 2010.
Envictus, a manufacturer and distributor of sweetened condensed milk and evaporated milk, says the acquisition represents a strategic investment by the company in the food industry.
Envictus acquires 11.4% stake in Yamada Green for $10.5 mil
By PC Lee 5 Nov 2015
nvictus International has acquired 92.7 million shares representing a 11.43% stake in Yamada Green Resources ( Valuation: 1.50, Fundamental: 2.70) for $10.5 million via the open market and married deal transactions.
Yamada Green Resources is a major grower, manufacturer and supplier of fresh and processed agricultural products in Fujian Province, China, and has been listed on the Singapore Exchange since Oct 8, 2010.
Envictus, formerly known as Etika, was founded in 1997 as a manufacturer and distributor of sweetened condensed milk and evaporated milk, and has since evolved into a diversified F&B player via several acquisitions.
Envictus says the acquisition represents a strategic investment by the company in the food industry.
“The Group will have an additional stream of income by way of dividend income, which is higher than the interest income which the Company is earning,” says Envictus.
City Harvest Church: Who should take the rap? ~ 5 Nov 2015
The one who got away："Why is Sun Ho still on the Board of the church? She is directly connected to the whole conspiracy! She is the main beneficiary although it is said that no money went into individual pockets. She should have been her husband’s moral compass. Where did she think the money came from? Her so called talent is a dime a dozen in the USA. Pipe dream! Pure vanity! Furthermore how can she still be ordained as pastor in August?"
Mega church scandal in Singapore reveals religion as business model ~ "One ex-member of 10 years standing writing in a blog as “Farhan” described how the church changed his life in a positive direction and he even started to eat cheaply to save money to buy 10 CDs of Ho’s album. But, his faith in the church began to wane, when they moved their Sunday services to Suntec Convention Centre and Kong asked the congregation to donate generously to raise 220 million dollar within seven years to buy off the venue by paying their debts." ~ 1 Nov 2015
Wife of City Harvest founder in the spotlight ~ "Ho Yeow Sun sold several hundred thousand records in recent years before her husband, who founded the City Harvest Church in Singapore, was arrested for allegedly using church funds to help advance her career. But she never achieved the kind of mainstream success at home that’s been enjoyed by other local artists such as Stefanie Sun and JJ Lin, who sold more albums in Singapore and were celebrated by local officials, including invitations to perform at National Day ceremonies and the Youth Olympic Games there." ~ 28 Jun 2012