공고 • Jan 21
SMI Vantage Limited Announces Resignation of Tan Chade Phang as Independent and Non-Executive Director SMI Vantage Limited announced resignation of Tan Chade Phang as Independent and Non-Executive Director. Other DirectorShips Past: Independent Director in Revez Corporation Ltd.; Independent Director in Camsing Healthcare Limited; Independent Director in TIH Limited and Independent Director in TBK and Sons Holdings Limited. Other DirectorShips Present: Independent Director in Y Ventures Group Ltd.; Independent Director in OUE Healthcare Limited; Independent Director in Luminor Financial Holdings Limited and Tritech Group Limited. Reason For Cessation: Mr. Tan Chade Phang has resigned as the Independent Director of the Company to pursue other opportunities. 공고 • Nov 22
SMI Vantage Limited Announces Board and Committee Changes SMI Vantage Limited announced the resignation of Mr. Ho Kwok Wai as the Non-Executive Chairman and Non-Executive Director of the Company with effect from 22 November 2024. Following the above changes, the Board Committee will comprise of the following members with immediate effect: Board of Directors Mark Francis Bedingham - Executive Director, President and Chief Executive Officer Sam Chong Keen - Lead Independent Director, Edna Claudine Leong Lai Yee - Independent and Non-Executive Director, Tan Chade Phang - Independent and Non-Executive Director, Audit Committee, Sam Chong Keen - Chairman, Edna Claudine Leong Lai Yee - Member, Tan Chade Phang - Member, Nominating Committee Edna Claudine Leong Lai Yee - Chairman, Sam Chong Keen - Member, Tan Chade Phang - Member, Remuneration Committee Tan Chade Phang - Chairman, Sam Chong Keen - Member, Edna Claudine Leong Lai Yee - Member, Environmental, Social And Governance Committee, Edna Claudine Leong Lai Yee - Chairman, Sam Chong Keen - Member, Tan Chade Phang - Member, Mark Francis Bedingham - Member. 공고 • Jul 26
Smi Vantage Limited Announces Resignation of Willem Mark Nabarro as Independent Non-Executive Director SMI Vantage Limited announced Resignation of Willem Mark Nabarro as Non-Executive Director. Job Title: Independent Non-Executive Director, Chairman of Remuneration Committee, and a member of Audit, Nominating and ESG Committees. Familial Relationship: No . Other Directorships: Past Win Management and Advisory. Other Directorships Present: French Catholic Community Singapore Gaia Global Founders Pte Ltd. Gaia Global Services Pte Ltd. Reason For Cessation: Focus on overseas business interests. Announcement Date: July 25, 2024 . 공고 • Jul 16
SMI Vantage Limited, Annual General Meeting, Jul 30, 2024 SMI Vantage Limited, Annual General Meeting, Jul 30, 2024, at 14:00 Singapore Standard Time. Location: singapore cricket club, connaught drive, singapore 179681, Singapore 공고 • Jul 08
SMI Vantage Limited Announces Company Secretary Changes The Board of Directors of SMI Vantage Limited announced the resignation of Mr. Lee Wei Hsiung as Company Secretary of the Company with effect from 8 July 2024. The Company also announced the appointment of Ms. Peck Jen Jen as Company Secretary of the Company with effect from 8 July 2024. Reported Earnings • Jun 04
Full year 2024 earnings released: US$0.007 loss per share (vs US$0.006 loss in FY 2023) Full year 2024 results: US$0.007 loss per share (further deteriorated from US$0.006 loss in FY 2023). Revenue: US$2.59m (up 44% from FY 2023). Net loss: US$4.04m (loss widened 23% from FY 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$2.4m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Revenue is less than US$5m (US$2.3m revenue). Market cap is less than US$100m (S$15.7m market cap, or US$11.6m). 공고 • Mar 08
SMI Vantage Limited (SGX:Y45) acquired 51% stake in Provino Logistics Pte. Ltd. from Michael Hadley, Loh Zen Chia Peter and Ling Chee May SMI Vantage Limited (SGX:Y45) entered into a sale and purchase agreement to acquire 51% stake in Provino Logistics Pte. Ltd. from Michael Hadley, Loh Zen Chia Peter and Ling Chee May for SGD 1.7 million on June 27, 2023. Concurrently SMI and the sellers have also entered into a put and call option agreement for all the remaining shares in the Provino. The Option is exercisable from July 2, 2025. The cash consideration of SGD 0.5202 will be funded by the SMI’s internal resources. The transaction is subject to - the approval in principle of the SGX-ST for the listing and quotation of the consideration shares, obtaining the consent of the landlord of the Provino ’s warehouse and storage facility and the due execution of certain software licensing agreements between MH and SMI. The transaction is expected to close by October 31, 2023. Anchorage Assurance acted as financial advisor to Provino Logistics. Bayfront Law LLC acted as legal advisor to Provino Logistics. The approval was received frpm SGX-ST regarding listing and quotation of the consideration shares.SMI Vantage Limited (SGX:Y45) completed the acquisition of 51% stake in Provino Logistics Pte. Ltd. from Michael Hadley, Loh Zen Chia Peter and Ling Chee May on March 7, 2024. 공고 • Sep 01
SMI Vantage Limited Announces Executive Changes SMI Vantage Limited announced that Mr. Tan Chade Phang ("Mr Tan") will be appointed as an Independent and Non-Executive Director of the Company with effect from 1 September 2023. Following his appointment to the Board of Directors, Mr. Tan will also be appointed as a member of Audit, Remuneration and Nominating Committees. Consequent to the aforesaid change, the composition of the Board and Board Committees. shall be as follows with effect from 1 September 2023: Board of Directors- Ho Kwok Wai - Non-Executive Chairman and Non-Executive Director, Mark Francis Bedingham - Executive Director, President and Chief Executive Officer, Sam Chong Keen - Lead Independent Director, Willem Mark Nabarro - Independent Director, Edna Claudine Leong Lai Yee - Independent Director, Tan Chade Phang - Independent Director. Audit Committee- Sam Chong Keen - Chairman, Willem Mark Nabarro, Edna Claudine Leong Lai Yee. Tan Chade Phang Nominating Committee- Edna Claudine Leong Lai Yee - Chairman, Sam Chong Keen, Willem Mark Nabarro, Tan Chade Phang. Remuneration Committee- Willem Mark Nabarro - Chairman, Sam Chong Keen, Edna Claudine Leong Lai Yee, Tan Chade Phang. Reported Earnings • Jul 16
Full year 2023 earnings released: US$0.006 loss per share (vs US$0.01 loss in FY 2022) Full year 2023 results: US$0.006 loss per share (improved from US$0.01 loss in FY 2022). Net loss: US$3.29m (loss narrowed 19% from FY 2022). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. 공고 • Jul 15
SMI Vantage Limited, Annual General Meeting, Jul 31, 2023 SMI Vantage Limited, Annual General Meeting, Jul 31, 2023, at 15:00 Singapore Standard Time. Location: Singapore Cricket Club Connaught Drive Singapore Singapore Singapore Agenda: To consider and approve the audited financial statements for the financial year ended 31 march 2023 together with the directors Statement and the independent auditors report thereon: to consider and approve the re-election of Mr Mark Francis Bedingham, a directors who is retiring under the article 91 of the company constitution and who being eligible, offers himself for re-election; and to consider other matters. 공고 • Jun 28
SMI Vantage Limited (SGX:Y45) entered into a sale and purchase agreement to acquire 51% stake in Provino Logistics Pte. Ltd. from Michael Hadley, Loh Zen Chia Peter and Ling Chee May for SGD 1.7 million. SMI Vantage Limited (SGX:Y45) entered into a sale and purchase agreement to acquire 51% stake in Provino Logistics Pte. Ltd. from Michael Hadley, Loh Zen Chia Peter and Ling Chee May for SGD 1.7 million on June 27, 2023. Concurrently SMI and the sellers have also entered into a put and call option agreement for all the remaining shares in the Provino. The Option is exercisable from July 2, 2025. The cash consideration of SGD 0.5202 will be funded by the SMI’s internal resources. The transaction is subject to - the approval in principle of the SGX-ST for the listing and quotation of the consideration shares, obtaining the consent of the landlord of the Provino ’s warehouse and storage facility and the due execution of certain software licensing agreements between MH and SMI. The transaction is expected to close by October 31, 2023. 공고 • Jun 22
SMI Vantage Limited Announces Board Changes, Effective July 01, 2023 The Board of Directors of SMI Vantage Limited announced that Ms Edna Claudine Leong Lai Yee, a member of the Nominating Committee, will be appointed as NC Chairman in place of Mr. Sam Chong Keen with effect from 1 July 2023. Mr. Sam Chong Keen will step down as NC Chairman and remain as a member of the NC of the Company. Consequent to the aforesaid change, the composition of the Board Committees shall be as follows with effect from 1 July 2023. Audit Committee; Sam Chong Keen Chairman, Willem Mark Nabarro, Edna Claudine Leong Lai Yee. Nominating Committee; Edna Claudine Leong Lai Yee Chairman, Sam Chong Keen, Willem Mark Nabarro. Remuneration Committee; Willem Mark Nabarro Chairman, Sam Chong Keen Edna Claudine Leong Lai Yee. Reported Earnings • Jun 01
Full year 2023 earnings released: US$0.005 loss per share (vs US$0.01 loss in FY 2022) Full year 2023 results: US$0.005 loss per share (improved from US$0.01 loss in FY 2022). Net loss: US$2.52m (loss narrowed 38% from FY 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 공고 • May 31
Smi Vantage Limited Announces the Resignation of Ms Liew Chiew Yee as Company Secretary The Board of Directors of SMI Vantage Limited announced the resignation of Ms Liew Chiew Yee as Company Secretary of the Company with effect from 30 May 2023. Following the aforesaid resignation, Mr. Lee Wei Hsiung will be the sole Company Secretary of the Company. 공고 • Jan 09
SMI Vantage Limited Appoints Chua Siew Khim as Group Financial Controller The Board of Directors of SMI Vantage Limited having considered and reviewed the qualification and experience of Ms. Chua Siew Khim, approved the appointment of Ms. Chua Siew Khim as the Group Financial Controller.Role And Responsibilities Executive. To oversee the accounting and day-to-day financial function of the Group. Working Experience Finance Manager, Brunel International South East Asia Pte Ltd. (2012 - 2021). Professional Qualifications - ACCA - Diploma in Accountancy - Member, The Association of Chartered Accountant - Chartered Accountant, Institute of Singapore Chartered Accountant. 공고 • Dec 17
SMI Vantage Limited has completed a Follow-on Equity Offering in the amount of SGD 0.9858 million. SMI Vantage Limited has completed a Follow-on Equity Offering in the amount of SGD 0.9858 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,427,632
Price\Range: SGD 0.0304
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 16
Second quarter 2023 earnings released: US$0.001 loss per share (vs US$0.004 profit in 2Q 2022) Second quarter 2023 results: US$0.001 loss per share (down from US$0.004 profit in 2Q 2022). Net loss: US$356.0k (down 360% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 2 highly experienced directors. Independent Non-Executive Director Sung Leng Wee is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 13
Second quarter 2023 earnings released: US$0.001 loss per share (vs US$0.004 profit in 2Q 2022) Second quarter 2023 results: US$0.001 loss per share (down from US$0.004 profit in 2Q 2022). Net loss: US$356.0k (down 360% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Board Change • Aug 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Sung Leng Wee is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공고 • Jul 30
SMI Vantage Limited Announces Appointment of Foo Shao Juan as the Group Financial Controller The Board of Directors of SMI Vantage Limited approved the appointment of Ms. Foo Shao Juan as the Group Financial Controller. His working experience is in July 2020 to February 2021: Group Financial Controller in SMI Vantage Limited February 2019 to March 2020: Finance Manager in SMI Vantage Limited February 2018 to February 2019: Assistant Finance Manager in SMI Vantage Limited June 2016 to February 2018: Finance Manager in Asian American Medical Group Limited May 2015 to June 2016 Senior Accountant in Courts Asia Limited July 2013 to May 2015: Group Accountant in Asian American Medical Group Limited June 2012 to June 2013: Accountant in GKE Corporation Limited March 2011 to April 2012: Accountant in Royal T Group Pte Ltd. 공고 • Jul 29
SMI Vantage Limited Appoints Willem Mark Nabarro as Independent and Non-Executive Director SMI Vantage Limited announced that working experience and independence of Willem Mark Nabarro and recommended his appointment. The Board having considered the recommendation from the NC, approved the appointment of Willem Mark Nabarro as an Independent and Non-Executive Director. Working Experience: CEO of Win Management & Advisory - Jan 2020 to Present Managing Director of BNP Paribas Exane - April 2000 to Sept 2019. 공고 • Mar 03
Smi Vantage Limited Announces Appointment of Liew Chiew Yee as Company Secretary SMI Vantage Limited announced appointment of Ms Liew Chiew Yee as COMPANY SECRETARY in place of Ms Wang Shin Lin, Adeline with effect from 1 March 2022. Reported Earnings • Feb 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: US$0.004 loss per share (vs US$0.004 loss in 3Q 2021). Net loss: US$1.61m (loss widened 37% from 3Q 2021). Revenue missed analyst estimates by 24%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. 공고 • Jun 22
Singapore Myanmar Investco Limited announced that it expects to receive SGD 0.3324 million in funding from The9 Limited, Investment Arm Singapore Myanmar Investco Limited (SGX:Y45) announced a private placement of 11,080,000 shares at a price of SGD 0.03 per share for the gross proceeds of SGD 332,400? on June 21, 2021. The transaction will include participation from The9 Limited, Investment Arm. The company will also issue options to subscribe for additional 33,250,000? new shares at an issue price of SGD 0.03 for each option share, for gross proceeds of SGD 997,500. Executive Departure • Mar 05
Group Financial Controller has left the company On the 28th of February, Shao Juan Foo's tenure as Group Financial Controller ended after less than a year in the role. We don't have any record of a personal shareholding under Shao Juan's name. A total of 2 executives have left over the last 12 months. 공고 • Feb 27
Singapore Myanmar Investco Limited Appoints Gao Guanyi as Group Financial Controller Singapore Myanmar Investco Limited announced appointment of Ms Gao Guanyi as the Group Financial Controller. She worked recently as Finance Manager in Trugenics Pte. Ltd. Working Experience: 2016 to 2020 - Finance Manager in Trugenics Pte. Ltd. Reported Earnings • Oct 15
Full year earnings released - S$0.034 loss per share Over the last 12 months the company has reported total losses of US$10.2m, with losses widening by 325% from the prior year. Total revenue was US$20.9m over the last 12 months, down 11% from the prior year.