What a change of fortune for Fu Yu Company (“Fu Yu Corp”) for the reason that authentic house owners bought off the enterprise to the brand new proprietor. Fu Yu Company was bought by its founding shareholders-Ching Heng Yang, Tam Wai, Ho Nee Equipment, and Hew Lien Lee- to a fund managed by Pilgrim Companions on 18 January 2021. On that date, Pilgrim Companions’ car acquired roughly 29.8% of the corporate (round 224 million shares) at S$0.26 per share, in a deal valued at roughly S$58.3 million. From a former superhero dividend money cow generator, Fu Yu Corp has sadly grew to become a shadow of its former self.
1. Opening of Good Manufacturing facility and Enterprise into Bio-medical Market Section
Apparently, the opening of the good manufacturing facility which have cutting-edge applied sciences comparable to 3D printing and automation in Singapore in addition to the brand new strategic development into bio-tech sector, didn’t increase income and web revenue. Worse nonetheless, the enterprise
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