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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Yujin Int (DI) | LSE:YUJ | London | Ordinary Share | SG9999005946 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMYUJ
RNS Number : 8381W
Yujin International Ltd
29 April 2016
29 April 2016
YUJIN INTERNATIONAL LTD.
("Yujin" or the "Company")
Final results Release
Yujin, announces herewith its audited final results in respect of the year ended 31 December 2015.
The notes to this announcement contain additional information that has been extracted from the Annual Report. This announcement should be read in conjunction with, and not as a substitute for, reading the full Annual Report.
Summary
v As at 14 March 2016, the High Court of the Republic of Singapore has sanctioned the proposed scheme to restructure the business of the Company and its subsidiaries of which the Order of Court being effective and binding upon all members of the Company (the "Restructuring"). This was presented to and approved by shareholders at an EGM on 15 January 2016.
v As at 30 March 2016, the Company had divested all its subsidiaries pursuant to the extraordinary general meeting held on 15 January 2016 with no operating business. The financial report reflects the status of the Group prior to the Restructuring, among which:
o the consolidated net revenue for financial year ending December 2015 was USD 9.1 million (2014: USD 7.2 million);
o the consolidated profit before tax amounted to USD1.9 million (2014: -USD148.9K); and
o net Tangible Assets of USD4.2 million (2014: USD7.3 mil).
v The Directors do not recommend a dividend be paid for the year ended 31 December 2015.
v On 30 March 2016, the Company was categorised as an AIM Rule 15 cash shell, whereby the Company will be required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14.
For further information please contact:
Yujin International Ltd. Tel: 00 (65) 6226 2963
Keen Whye LEE
Or visit www.yujininternational.com
Cantor Fitzgerald Europe Tel: 020 7894 7000
Rick Thompson/David Foreman/Michael Reynolds
NB: The currency used in this announcement is US Dollars unless otherwise indicated.
CHAIRMAN'S STATEMENT
Yujin announces herewith its audited non-statutory annual results in respect of the year ended 31 December 2015 for the purpose of reporting to its shareholders.
As at 14 March 2016, the High Court of the Republic of Singapore has sanctioned the proposed scheme to restructure the business of the Company and its subsidiaries of which the Order of Court being effective and binding upon all members of the Company (the "Restructuring"). This was presented to and approved by shareholders at an EGM on 15 January 2016. Further details are provided in note 2 (b) to the financial statements.
As at 30 March 2016, the Company has divested all its subsidiaries pursuant to the extraordinary general meeting held on 15 January 2016 and has no operating business.
The financial report reflects the status of the Group prior to the Restructuring, among which:
-- the consolidated net revenue for the financial year ending December 2015 was USD 9.1 million (2014: USD 7.2 million).
-- the consolidated profit before tax amounted to USD1.9 million (2014: -USD148.9K); and -- net Tangible Assets of USD4.2 million (2014: USD7.3 mil).
The Directors do not recommend a dividend be paid for the year ended 31 December 2015.
With the Restructuring, the Company was categorised as an AIM Rule 15 cash shell on 30 March 2016, whereby the Company will be required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14.
Further details on the expected timetable and the notice of AGM will be despatched to Shareholders in due course.
Lee Keen Whye
Chairman
Yujin International Ltd.
27 April 2016
Yujin International Ltd.
Consolidated Statement of Comprehensive Income
for the year ended 31 December 2015
Yujin International Ltd.
Consolidated Statement of Financial Position
as at 31 December 2015
Hot Features
Premium
ASSETS USD USD
Non-current assets
Property, plant and equipment 5 7,611,433 11,529,025
Deferred tax 11 - -
---------- -----------
7,611,433 11,529,025
Current assets
Trade and other receivables 6 677,466 825,349
Cash and cash equivalents 7 694,165 313,748
---------- -----------
1,371,631 1,139,097
Total assets 8,983,064 12,668,122
========== ===========
EQUITY AND LIABILITIES
Equity attributable to equity
holders of the Company
Share capital 8 3,317,897 3,317,897
Retained earnings 8 1,026,738 (717,267)
Currency translation
reserve (527,372) 1,938,491
Revaluation reserve 747,394 3,003,083
---------- -----------
4,564,657 7,542,204
Non-controlling interests (403,094) (260,197)
Total equity 4,161,563 7,282,007
========== ===========
Non-current liabilities
Term loan (secured) 9 301,562 1,006,562
Deferred tax 11 1,071,825 1,476,853
---------- -----------
1,373,387 2,483,415
Current liabilities
Trade and other payables 12 1,814,939 1,444,948
Amount payable from a
related company 12 490,589 167,105
Amount payable to directors 12 395,732 -
Term loan (secured) 9 705,000 705,000
Provisions 10 41,854 60,158
Income tax payable 13 - 525,492
---------- -----------
3,448,114 2,902,703
---------- -----------
Total liabilities 4,821,501 5,386,118
Total equity and liabilities 8,983,064 12,668,125
========== ===========
Yujin International Ltd.
Consolidated Statement of Changes in Equity
for the year ended 31 December 2015
Total
attributable
to equity
Share Translation Revaluation Retained holders Non-controlling Total
of the
capital reserve reserve earnings Company interests equity
USD USD USD USD USD USD USD
Balance at 31
December
2013 3,317,897 2,604,010 1,744,296 (501,180) 7,165,023 (505,814) 6,659,209
Total comprehensive
income/(loss)
for the year
Profit/(Loss)
for the
year - - - (216,087) (216,087) 135,141 (80,946)
Other
comprehensive
income :
Revaluation of
property,
plant and
equiptment - - 1,258,787 - 1,258,787 110,476 1,369,263
Currency
translation
differences - (665,519) - - (665,519) - (665,519)
---------- ------------ ------------ ---------- -------------- ---------------- ------------
Total
comprehensive
income/(loss) - (665,519) 1,258,787 (216,087) 377,181 245,617 622,798
---------- ------------ ------------ ---------- -------------- ---------------- ------------
Balance at 31
December
2014 3,317,897 1,938,491 3,003,083 (717,267) 7,542,204 (260,197) 7,282,007
Total comprehensive
income/(loss)
for the year
Profit / (Loss)
for
the year - - - 1,744,005 1,744,005 (32,421) 1,711,584
Other
comprehensive
income : -
Revaluation of
property,
plant and
equiptment - - (2,255,689) - (2,255,689) (110,476) (2,366,165)
Currency
translation
differences - (798,585) - - (798,585) - (798,585)
---------- ------------ ------------ ---------- -------------- ---------------- ------------
Total
comprehensive
income/(loss) - (798,585) (2,255,689) 1,744,005 (1,310,269) (142,897) (1,453,166)
Effect on
disposal of
subsidiaries - (1,667,278) - - (1,667,278) - (1,667,278)
Balance at 31
December
2015 3,317,897 (527,372) 747,394 1,026,738 4,564,657 (403,094) 4,161,563
========== ============ ============ ========== ============== ================ ============
Yujin International Ltd.
Consolidated Statement of Cash flow
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for the year ended 31 December 2015
Note 2015 2014
USD USD
Cash flows from operating
activities
Loss before taxation 1,306,556 (148,867)
Adjustments for:
Bank loan interest 60,563 40,273
Bad debts written off 54,618 50,000
Provision for impairment
loss on receivable (trade) 6 16,010 34,419
Impairment loss on property,
plant and equipment 5 1,029,319 -
Depreciation 5 906,411 1,089,676
Loss on disposal of property,
plant and equipment 5 (1,447,683) -
619,238 1,214,368
------------ ------------
Operating profit before working
capital changes 1,925,794 1,065,501
Decrease in trade and other
receivables 77,255 345,060
Decrease in trade and other
payables (659,676) (1,073,829)
Provisions (18,304) (20,658)
------------ ------------
(600,725) (749,427)
------------ ------------
Cash generated from operations 1,325,069 316,074
Income tax paid 13 (497,722) (28,621)
------------ ------------
Net cash flows from operating
activities 827,347 287,453
Cash flows from investing
activities
Purchase of property, plant
and equipment 5 (385,783) (1,862)
Proceeds from disposal of
property, plant and equipment - -
------------ ------------
Net cash flows from/(used
in) investing activities (385,783) (1,862)
Cash flows from financing
activities
------------ ------------
Payment of term loan interest (27,074) (40,273)
Payment of term loan financing (705,000) (705,000)
Advance from directors 395,732
Advance from related party 299,095 -
Amount payable to a related
company 24,393 52,612
------------ ------------
Net cash flows used in financing
activities (12,854) (692,661)
Net increase in cash and cash
equivalents 428,710 (407,070)
Cash and cash equivalents
at beginning of year 7 313,748 744,195
Effect of exchange rate changes (48,293) (23,377)
Cash and cash equivalents
at end of year 7 694,165 313,748
============ ============
Yujin International Ltd.
Notes to the financial information
for the year ended 31 December 2015
1. Basis of preparation
The financial information has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS's") and using accounting policies which are consistent with those adopted in the non-statutory financial statements for the year ended 31 December 2015.
The financial information set out in this announcement does not constitute the Company's non-statutory financial statements for the year ended 31 December 2015, but it is derived from those non-statutory financial statements.
The financial information is prepared in US Dollars (USD) except where otherwise stated.
Whilst the financial information included in these full year results has been prepared in accordance with IFRS, this announcement itself does not contain sufficient information to comply with IFRS. A copy of the non-statutory financial statements prepared under IFRS for the year ended 31 December 2015 will be issued prior to the Company's Annual General Meeting. The announcement was approved on 27 April 2016.
The company's current auditor has reported on the non-statutory financial statement for the year ended 31 December 2015, their report was unqualified.
The directors do not propose a dividend in respect of the year ended 31 December 2015 (2014: Nil).
Going concern
The non-statutory financial statements have been prepared on the going concern basis of accounting which assumes adequate financial resources will be available to the Group for a period of at least twelve months from the date of approval of these non-statutory financial statements. In support of this assumption, the Directors have prepared detailed budgets and cash flow projections based on continuing operations and the Group's currently available cash and cash projected to be generated from its operations. Those budgets and cash flow projections include future estimated cash flows generated from operating activities from the ongoing Group trade as well as, where and if required, other source of funding such as those generated from investing or financing activities. These budgets and cash flow projections have been reviewed and approved by the Board of Directors.
On 2 December 2015 the Company announced a proposed scheme to restructure the business and distribute all its subsidiaries to shareholders. This scheme was approved by shareholders on 15 January 2016 and as of 30 March 2016, the Company had distributed all its subsidiaries. The non-statutory financial statements for the year ended 31 December 2015 represent those of the whole group as of that date and the performance of the subsidiaries has not been shown as discontinued. This presentation reflects management's assessment that the Group's operations did not meet the definition of a disposal group held for distribution as defined in IFRS 5 - Non Current Assets Held for Sale and Discontinued Operations at 31 December 2015 as the operations were not available for immediate distribution at that time. Subsequent to year end, and following shareholder approval, all of the operations of the Company's subsidiaries became discontinued operations and materially all of the group's assets and liabilities became classified as held for distribution to owners.
Following the distribution to owners of the group's subsidiaries, the Company's principal activity is that of an investment company. The company has sought and obtained financial support to support the working capital requirements of the company to enable it to pursue its investment strategy, including its operating expenses as an investment company
2. Fixed Assets
Office Office Office Computer
Group -
2015 Equipment Furniture Renovation Software Vessels Total
USD USD USD USD USD USD
Cost or
Valuation
Balance at beginning
of year:
At cost 8,916 31,970 51,016 52,876 - 144,778
At
valuation - - - - 11,500,000 11,500,000
------------------ ------------- ----------------- --------------- --------------------- ---------------------
8,916 31,970 51,016 52,876 11,500,000 11,644,778
- Additions - - - - 385,783 385,783
- Disposals - - - (2,943) - (2,943)
-
Adjustments - - - - - -
-
Revaluation
surplus - - - - (2,366,165) (2,366,165)
-
Elimination
on
revaluation - - - - (890,299) (890,299)
Balance
at end of
year 8,916 31,970 51,016 49,933 8,629,319 8,771,154
------------------ ------------- ----------------- --------------- --------------------- ---------------------
Accumulated depreciation
and
impairment
Balance
at beginning
of year: 8,915 31,035 49,643 26,160 - 115,753
- Charge
for current
year - 1,107 1,601 13,405 890,299 906,412
- Impairment
loss - - - - 1,029,319 1,029,319
- Disposals - - - (2,822) - (2,822)
-
Elimination
on
revaluation - - - - (890,299) (890,299)
- Net
exchange
difference - (172) (228) 1,758 - 1,358
Balance
at end of
year 8,915 31,970 51,016 38,501 1,029,319 1,159,721
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------------------ ------------- ----------------- --------------- --------------------- ---------------------
Net Book
Value
At end of
year 1 - - 11,432 7,600,000 7,611,433
------------------ ------------- ----------------- --------------- --------------------- ---------------------
At beginning
of year 1 935 1,373 26,716 11,500,000 11,529,025
------------------ ------------- ----------------- --------------- --------------------- ---------------------
Vessels
Office Office Office Computer under
Group - 2014 Equipment Furniture Renovation Software Vessels Construction Total
USD USD USD USD USD USD USD
Cost or Valuation
Balance at beginning
of year:
At cost 9,286 31,970 51,016 99,556 - - 191,828
At valuation - - - - 11,200,000 - 11,200,000
---------- ---------- ----------- --------- ------------ ------------- ------------
9,286 31,970 51,016 99,556 11,200,000 - 11,391,828
- Additions - - - 1,862 - - 1,862
- Disposals (370) - - (48,542) - - (48,912)
- Adjustments - - - - - - -
- Revaluation
surplus - - - - 1,369,263 - 1,369,263
- Elimination
on revaluation - - - - (1,069,263) - (1,069,263)
- Net exchange
difference - - - - - - -
Balance at
end of year 8,916 31,970 51,016 52,876 11,500,000 - 11,644,778
---------- ---------- ----------- --------- ------------ ------------- ------------
Accumulated depreciation
and impairment
Balance at
beginning
of year: 9,285 27,210 47,168 59,296 - - 142,959
- Charge for
current year - 3,555 2,106 14,755 1,069,263 - 1,089,679
- Impairment
loss - - - - - - -
- Disposals (370) - - (48,539) - - (48,909)
- Elimination
on revaluation - - - - (1,069,263) - (1,069,263)
- Net exchange
difference - 270 369 648 - - 1,287
Balance at
end of year 8,915 31,035 49,643 26,160 - - 115,753
---------- ---------- ----------- --------- ------------ ------------- ------------
Net Book Value
At end of
year 1 935 1,373 26,716 11,500,000 - 11,529,025
---------- ---------- ----------- --------- ------------ ------------- ------------
At beginning
of year 1 4,760 3,848 40,260 11,200,000 - 11,248,869
---------- ---------- ----------- --------- ------------ ------------- ------------
During the year, the Group acquired property, plant and equipment with an aggregate cost of USD 385,783 (2014: USD acquired 1,862) of which USD NIL (2014: USD NIL) was acquired by means of term loan facilities. Cash payments of USD 385,783 (2014: USD 1,862) were made for purchase of property, plant and equipment.
During the year, the Group had revalued the two (2014: two) operating vessels based on the valuation reports verified by a firm of independent professional valuers, on an open market basis. The carrying value of these vessels at 1 January 2015 was USD11,500,000. The fair value less costs to sell based on the professional valuers report was USD7,600,000. The total impairment loss after additions was USD3,395,484, of which USD2,366,165 was reflected as a reversal against a cumulative valuation surplus through other comprehensive income (see note 8) and USD1,029,319 through profit or loss as an impairment loss.
The carrying amount of the vessels would have been USD 7,289,577 (2014: USD 9,209,195) had the vessel been carried at cost less accumulated depreciation and impairment loss.
The Group's vessels are mortgaged to the bank to obtain term loan facility (note 10).
3. Cash and cash equivalents
Cash and cash equivalents consist of cash on hand and with banks as follows:
Group Group
2015 2014
USD USD
Cash on hand 3,888 7,099
Cash at bank 690,277 306,649
-------- --------
Balance per
Statement of
Financial Position 694,165 313,748
Balance as per
Statement of
Cash Flows 694,165 313,748
======== ========
4. Taxation on profit from ordinary activities
Note 2015 2014
USD USD
Balance at the beginning
of year 525,492 700,740
Add: Current year
provision 19 - -
Add:(Over)/Under-provision
in prior year 19 - (121,957)
Less: Translation
difference (33,770) (24,670)
---------- ----------
491,722 554,113
Less: Payments (491,722) (28,621)
Add: Tax refund - -
Balance at the end
of year - 525,492
========== ==========
The income tax expense varied from the amount of income tax expense determined by applying the Singapore income tax rate of 17% (2014: 17%) to estimated chargeable income as a result of the following differences:
2015 2014
USD USD
Profit/(loss) for
the year 1,711,584 (80,946)
Total income tax income (405,028) (67,921)
Profit/(loss) before
tax 1,306,556 (148,867)
---------- ----------
Income tax expenses
at statutory rate 222,114 (25,307)
Translation differences - -
Non-deductible items 47,658 177,180
Non-taxable items (555,356) (108,965)
Effect on utilisation
of tax losses (46,494) -
Effect utilisation
of capital allowance (132,617) (210,004)
Effect on partial
tax exemption - -
Effect on tax incentives (819) (3,886)
Under/(over) provision
in prior year - (121,958)
Current year losses
for which no deferred
tax asset was recognised 60,486 225,019
Total income tax income (405,028) (67,921)
========== ==========
5. Term Loan
Group
2015 2014
---------- ----------
USD USD
Within one
year 705,000 705,000
Due within
2 to 5 years 301,562 1,006,562
Due after
5 years - -
---------- ------ ----------
301,562 1,006,562
1,006,562 1,711,562
========== ====== ==========
Term loans
- Secured 1,006,562 1,711,562
- Unsecured - -
1,006,562 1,711,562
========== ====== ==========
(i) The term loans are secured by:
- A first priority legal mortgage on the Group's vessels (note 5);
- An assignment of all rights, earnings and benefits of the vessel (on a notification basis) in a form acceptable to the bank;
- The assignment of insurance policies covering Hull and Machinery, War Risks, Mortgagee Interest and Protection and Indemnity in respect of the vessel, in a form acceptable to the bank;
- Joint and several guarantee from the Company's directors; and
- Corporate guarantee from the holding company and certain subsidiaries.
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(ii) The loans are repayable in 60 monthly installments from the date of last draw down after the completed vessel has been delivered. Effective interest varies from 1.90% to 1.98% (2014: 1.90% to 1.92% per annum). Interests are charged and paid monthly.
6. Deferred Tax
Note 2015 2014
USD USD
Deferred tax liabilities:
Opening balance 1,476,853 1,623,238
Translation difference - -
Temporary differences
movement 19 (405,028) (146,385)
---------- ----------
Closing balance 1,071,825 1,476,853
========== ==========
Deferred tax assets:
Opening balance - 200,421
Translation difference - -
Temporary differences
movement 19 - (200,421)
---------- ----------
Closing balance - -
========== ==========
Deferred tax liability refers to the difference between the net book value of the vessels and their tax written down values. Deferred tax asset relates to excess capital allowances claimed for the vessels and has been recognised to the extent that it is probable that the unused capital allowances claimed will be subsequently utilised.
.
7. Earnings per share
The calculation of basic earnings per share and diluted earnings per share at 31 December 2015 was based on the profit attributable to ordinary shareholders of USD2,287,852 (2014: USD 216,087 loss) and a weighted average number of ordinary shares, calculated as follows:
2015 2014
No. of No. of
shares shares
Issued ordinary shares
at beginning of the year 30,000,010 30,000,010
Weighted number of shares
issued during the year - -
Weighted average number
of ordinary shares
in issue during the
year 30,000,010 30,000,010
=========== ===========
Basic profit/ (loss) per share : USD 0.076 2014: USD (0.007)
Diluted profit/(loss) per share : USD 0.076 2014: USD (0.007)
8. Share capital
Group and Company
2014 2013
USD USD
Fully paid ordinary
shares with no par value:
Balance at beginning
of year 30,000,010 30,000,010
Issued during year - -
Balance at end of year 30,000,010 30,000,010
================== =================
Number of shares 30,000,010 30,000,010
================== =================
The Company had 30,000,010 ordinary shares in issue as at 31 December 2015
(2014: 30,000,010).
(a) The Companies Act Chapter 50 of Singapore abolished the concept of authorized share capital and the Company is not constrained by an authorized share capital in the memorandum of association of the Company.
(b) The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the company. All shares rank equally with regard to the Company's residual assets.
At 31 December 2015, the Company has no Share Option Scheme.
9. Segmental reporting
For management purposes, the Group is organised into operating segments based on the type of customers served and has three segments plus a non-core activity which is being done on an ad-hoc basis as follows:
(a) Regional tankers: Yujin's customers are manufacturers and traders of chemicals, including bitumen and vegetable oils, mainly palm oils. Yujin provides logistics support to these customers by transporting their products mainly within the Asia Pacific region.
(b) Ship management and other related activities: The Group, through its ship management company JR Orion Services Pte. Ltd, provides crew and technical management as well as ancillary services to ship owners.
(c) Bunker trade: Yujin is allocated an amount of bunker fuel by suppliers for its own use. Yujin occasionally sells off any excess over its own requirements. This non-core activity is being done at the request of customers on ad hoc basis.
.
Operating
Revenue profit
2015 2014 2015 2014
USD USD USD USD
External customers '000 '000 '000 '000
Regional tankers 6,814 5,778 1,607 559
Ship management
and other income 2,253 1,464 1,333 (667)
------ ------ ------ ------
Continuing operations 9,067 7,242 2,940 (108)
Bunker trade (non
core activity) - - - -
------ ------
9,067 7,242 2,940 (108)
====== ====== ====== ======
Property, plant and equipment
(In USD ' 000)
At cost
1-Jan-15 Additions Disposals Adjustments Revaluation 31-Dec-14
Bunker tankers - - - - - -
Regional tankers 11,500 385 - (890) (2,366) 8,629
Ship management
and others 145 - (3) - 142
Total 11,645 385 (3) (890) (2,366) 8,771
========= ========== ========== ============ ============ ============
Accumulated depreciation
Impairment
1-Jan-15 Additions Disposals Adjustments loss 31-Dec-2015
Bunker tankers - - - - - -
Regional tankers - 890 - (890) 1,029 1,029
Ship management
and others 116 16 (2) 1 - 131
Total 116 906 (2) (889) 1,029 1,160
========= ========== ========== ============ ============ ============
Net book value
1-Jan-15 Additions Disposals Adjustments Revaluation 31-Dec-15
Bunker tankers - - - - - -
Regional tankers 11,500 (505) - - (3,395) 7,600
Ship management
and others 29 (16) (1) (1) - 11
Total 11,529 (521) (1) (1) (3,395) 7,611
========= ========== ========== ============ ============ ============
Property, plant and equipment
(In USD ' 000)
At cost
1-Jan-14 Additions Disposals Adjustments Revaluation 31-Dec-14
Bunker tankers - - - - - -
Regional tankers 11,200 - - (1,069) 1,369 11,500
Ship management
and others 192 2 (49) - 145
Total 11,392 2 (49) (1,069) 1,369 11,645
========= ========== ========== ============ ============ ==========
Accumulated depreciation
Impairment
1-Jan-14 Additions Disposals Adjustments loss 31-Dec-14
Bunker tankers - - - - - -
Regional tankers - 1,069 - (1,069) - -
Ship management
and others 143 20 (47) - 116
Total 143 1,089 (47) (1,069) - 116
========= ========== ========== ============ ============ ==========
Net book value
1-Jan-14 Additions Disposals Adjustments Revaluation 31-Dec-14
Bunker tankers - - - - - -
Regional tankers 11,200 (1,069) - - 1,369 11,500
Ship management
and others 49 (18) (2) - - 29
Total 11,249 (1,087) (2) - 1,369 11,529
========= ========== ========== ============ ============ ==========
10. Availability of this announcement
Copies of this announcement will be available from the Company's registered office, at 400 Orchard Road, #20-05 Orchard Towers, Singapore 238875 and on the Company's website, www.yujininternational.com. The Report & Accounts for the year ended 31 December 2015 have been posted to shareholders.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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