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Author: warchest   |   Latest post: Sun, 23 Aug 2020, 6:23 AM

 

Bioalpha Holdings: Critical Questions for coming AGM (17 August 2020) - 3rd Update

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From the replies by Bioalpha on queries by Bursa Malaysia on 24 July 2020, both Guizhou Yuhexin Trading Ltd (“GYTL”) and Hainan Shifengfu Co. Ltd (“HSCL”) are privately owned entities with sole owner and director.  Aside from the below, not much of information that can be obtained on these 2 entities especially on their backgrounds, credentials and capabilities to supply health food and nutritional meals to public schools and hospitals in Guizhou province.

 

Guizhou Yuhexin Trading Ltd

Hainan Shifengfu Co. Ltd

Director / Shareholder

Wei Xuan Xuan (100%)

Xu Zhen Jie (100%)

 

The contract value of RMB700 mil (equivalent to RM426.7 mil) per year is commendable and it affirms Bioalpha’s maiden step to strengthen its presence in China. However, the backgrounds of the China partners and their abilities to deliver the amount as per the contract might raise some questions.

Hence, additional questions for the coming AGM on 17 August 2020:-

  1. What are the backgrounds of the two (2) Chinese companies? What are their experiences in delivering health food and nutritional meals to public sector?
  2. Kindly provide the brief summary of their financials
  3. How committed are these Chinese parties to the contract amount per year of RMB700 mil (equivalent to RM426.7 mil). What is the minimum guaranteed amount by these parties?
  4. Have the Chinese parties secured a contract to deliver nutritional meals to the public schools and hospitals in Guizhou prior to the signing of this contract?
  5. How the Company came into conclusion of thin gross profit margin of 3 to 5%. Kindly provide an operating profit margin as it is more relevant to understand the viability of the contract, after considering all the operating expenses.

Risk comes from not knowing what the Company does. Hope the Company can enlighten its shareholders on the matters above in the coming AGM. 

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Labels: BIOHLDG

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Chart Stock Name Last Change Volume 
BIOHLDG 0.30 +0.04 (15.38%) 162,120,000 

  iloveamsterdam likes this.
 
abang_misai china company? Phuiiii. Cannot be trusted.
26/07/2020 4:42 PM
tumbler No need to ask in the agm lah. I knew this news was definitely FAKE but nobody get burn , everybody happy .So , just pretend nothing happen
26/07/2020 5:58 PM
tumbler 2.1billions you taught was INDIA DOLLARS , why chinese was so STUPID until can award it to 200m MARKET capital company
26/07/2020 6:01 PM
Killsthebear do more research on company background, you will be stunned.. hahaha
27/07/2020 2:00 AM
27/07/2020 2:03 AM
super_newbie HSFF is one of the M3 substantial shareholder?
27/07/2020 12:39 PM
mni75 I think it like XOX also..produce news to get in 5g konon..dia sendiri pun tiada satu menara pemancar tumpang Celcom saja..ini pun..bila mau cari 2 Company ..google pun tak keluar yg news dari China..hanya news dari Malaysia saja..
01/08/2020 1:59 PM
Killsthebear Hainan Shifengfu Co. Ltd (“HSCL”) , who gave Bioalpha contract, incorporated in Feb 2020 , owned few listed companies (or substantial shareholder)

m3tech
fihb
Ritamix (HK)


Besides that, after searched Guizhou government website, cant found they win any

tender ... sketchy



Last Friday Ritamix plunged 82.76% in one day. What's next?
03/08/2020 1:33 AM
sting79 Anyone attended the AGM meeting on Aug 17 and posted the questions? They just announced the incorporation of a subsidiary in Hainan. Two possible guesses from the announcement:

1. Simply open a subsidiary in Hainan to further continue the 2.1 billion story. Means probably the players are still in the game, potential to go up? If story already finished, why waste time/money/effort on the new subsidiary?

2. Real subsidiary with real business impact. Potentially the 2.1 billion contract is real hence the need for a strong foothold there as a logistical point.
30/08/2020 5:03 PM


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