Taihua Share Discussion Threads

[zorija] 09/4/2017 21:13

JTCod no longer a holder...
ZZZ

[shroder] 09/4/2017 19:50

I haven't kept up to date with the thread so may have already been suggested/mentioned.

What about getting in touch with JTCod as a fellow share holder?

[oxtail2015] 09/4/2017 19:19

A hong kong listing could be an option if they wish to raise captital.Although the raising of capital may be an excuse to delist and keep all the profits to themselves.

If we agree a plan of action as a group would this be the man to contact

YIN, Mingjian
Correspondence address
Third Floor, Xuelian Group, 107 South Songyu Road, Chaoyang District, Beijing, China

[noirua] 09/4/2017 17:53

Resolution 1 contained in the Notice of GM ("Resolution 1") seeks Shareholder approval for the Delisting.
The Company has received irrevocable undertakings from Shareholders holding 68,380,262 Ordinary Shares, representing approximately 70.38 per cent. of the current voting rights in the Company, to vote in favour of the Delisting.
Assuming that Shareholders approve this resolution, it is proposed that the Delisting will take place by 8 May 2017 at the earliest.
[ Looks a done deal]

Mr Yunwu Liu and Mr Mingjian Yin, the Directors of the Company, and Mr Tao Ji, the major Shareholder of the Company, have signified their intent to purchase Ordinary Shares from other Shareholders after the Delisting.
[ If they said how much they will pay before the vote shareholders could be confident. Chinese rules will apply ]

Mr Yunwu Liu, Mr Mingjian Yin and Mr Tao Ji will approach other Shareholders separately to discuss such transactions after the Delisting.
[ Worrying at best ]

It is intended that Mr Nicholas Lyth and Mr Chong Cao will resign as Directors of the Company on the date of Delisting and hence the Board will comprise Mr Yunwu Liu, Mr Mingjian Yin, Mr Chun Chai and Mr Zhaoyang Ma immediately following Delisting.
[ The resignation of Nicholas Lyth says everything ]

[ Looks to have been a long term plan]

-- The primary purpose of the Company's Admission was the opportunity it provided to raise capital in support of the Company's growth prospects. Given current market conditions, and in particular the lack of investors for the Company's businesses, the Directors are of the opinion that it is difficult for the Company to attract any or meaningful equity investment through its status as a quoted company on AIM and accordingly the Directors will be assessing potential alternatives to raise growth capital.
[The company knows that Hong Kong is one of the world's leading cash raising centres, especially for Chinese companies]

[lyonst5] 09/4/2017 17:21

I think unless 25%+ of shareholders raise their heads in this next week to vote against the going private motion, i think it would be better for holders to take a strong but conciliatory stance with the companies wishes to go private.
Frankly the going private route is better than what could of been, which would have been Taihua being forcibly booted off Aim with mounting issues.
It has been evident that Taihua have ridden rough shod with the Non exec's and put them in a corner, especially with the mounting pressure for Aim to stop sitting on their hands and do something to clean things up and not relying on the likes of Shareprophets who have been shooting fish in a barrel with most Chinese Aim companies.

I agree, if the vote goes through then it would best to speak with one voice and from the same hymn sheet with the company.

[ianguerin] 07/4/2017 20:53

A J Bell have issued the company notice to account holders. Last dealing day 5 May. Votes to be in by 10 April

[horneblower] 07/4/2017 10:10

I wouldn't trust an AIM company to stick to the rules.

There is nobody overseeing AIM. The directors can do pretty much as they like with no fear of action against them except for aggrieved shareholders.

An example of rule-breaking by an AIM co was Afferro, whose directors sold the company to IMIC in a deal where they got cash for their shares and other shareholders got worthless loan notes.
Huge protest from existing shareholders but they could not do a thing about it.


The best thing to do imo is to find a financial journalist to take up the cause. Publicity might frighten them more than the anything else.

[lyonst5] 07/4/2017 08:40

Oxtail, The value the company and what is a reasonable price shareholders would accept can be poles apart. I am currently not in full knowledge about state of the company so rather hard to really say a price, but certainly north of the recent buyback price . I am personally in no rush to sell out and may consider another visit to China to reappraise the situation again before taking any decision on whether to hold my stake in a private Taihua or not.

[kaos3] 07/4/2017 07:51

maybe pooling our shares into 1 legal entity is an idea? and going for a ride, not selling. that was my idea from the start - to participate. specially now when all is in place, polished and starting

[oxtail2015] 07/4/2017 06:58

Everything is now in place and funded.So why the need for investment?.They must be bringing a new drug to the market.If it was just the harvest they would just keep the money to them self's.what price do you feel is respectful in this situation we are in?.

[lyonst5] 06/4/2017 23:32

I agree. Working together to find the best outcome for us all is the approach.
I spoke with Nick today and went over the the whole thing and the damn failure of the Non execs to see and work in the shareholders interests.
The past couple of years Taihua has being going through a transition, they did a complete overhaul of their factories, got the certificates and got a few new major investors in concert with the directors in China. Then the past year the shenanigans with placement and buyback nonsense. This then allowed the company to achieve where we are today with this GM and resolutions to go private.

I was at Taihua in spring 2015 and the factories were closed and being upgraded, now is currently all operational and different and the shareholders are being asked to walk the plank.

P.S. And then add to this how much money there is to be made with 3 million Forsythia trees and then you see why they want to go private,

[oxtail2015] 06/4/2017 22:59

lyonst5 can we not work a price as a group after the delist to combat a divide and conquer approach. Watching the trades the last two days not many shares have been sold.Like yourself many holders will not sell at this price nor the 3.28 in the buyback.To work as a group makes more sense the directors can get the shares they want,holders can also receive (even though a loss for most)a reasonable price.As you have stated they should of used a scheme of arrangement.I think they have taken this route to bully holders.I have held the stock ten years I can hold it ten more if any offer is disrespectful. The companys profits/plans going forward will increase/unravel.why sell well below assets? the directors/nan yang etc.. have not bought in because the future is poor.They have in bought in to make big money!if they want rid of us now pay a respectful price.

[lyonst5] 06/4/2017 21:56

Oxtail, I think he knows JTCod and posts under "eacn" on advfn.
And also i would not rely on any of shareholder holdings information from Taihua, i know it is incorrect and proper checks have not been carried out.

[lyonst5] 06/4/2017 21:50

Oxtail, A listed company has to treat all holders the same and no side deals of approaching individual shareholders is allowed, with a private company they can do side deals. It's a divide an conquer approach. At the moment they can call a GM and they can put forward resolutions to go private and there is very little we can do to stop them. The board are trying to legally do a very underhand method which stinks as you say.

[oxtail2015] 06/4/2017 21:43

19 November 2010 .............

The Neubauer Family Fund, controlled and managed by Andrew Neubauer, acquired 2,310,689 Ordinary Shares at a price of 8.75p per Ordinary Share.

The Neubauer Family Fund now holds 3,342,099 Ordinary Shares

Anybody here know this guy?

[lyonst5] 06/4/2017 21:17

It's Voting 75%....

P.S, Netplay just completed a scheme of arrangement (75%) which most small holders were against, the company only had irrevocable undertakings in respect of approximately 39% of the total issued shares and the company won the vote....

[kaos3] 06/4/2017 21:09

is it absolute 75 % or voting 75 % ?

[lyonst5] 06/4/2017 20:45

Some thoughts here.
The scenario as i see it, they have the 75% already and its just a rubber stamp vote they need. As you only call a vote when you can win it.
The possibility of defeating the 75% is only possible if basically all us small holders vote against it and hope that they have not got Nan Yang on board and they were not behind the large buying in the past months, that large buying would mean large selling by us smaller holders so then they have it.
Also Taihua have not carried out any shareholder registry checks so the company is in the dark who is who and the true size of holdings.
If the vote can be defeated then we have them cornered as such and then we can broker for terms for settlement for all holders who want out. This should have happened before we got to this current position by the Non Exec's.

[yobstol] 06/4/2017 20:38

Would they need to buy shares off the remaining shareholders?

Depends whether someone else buys them out, or if they decide to list on another stock market?

[oxtail2015] 06/4/2017 19:17

Further on from posters stating that the delist is in the bag already

7. Irrevocable Undertakings
The Company has received irrevocable undertakings from Yunwu Liu, Mingjian Yin, Tao Ji and Chun Chai to vote in favour of the Resolutions. These undertakings represent 70.38 per cent. of the voting rights in the Company.

may as well add nan yang making 73%, plus the mystery buyer who bought over many months no doubt just below 3% = job done.

Q1.Anyone going to the meeting in Manchester from this board?
Q2.How do the directors buy shares from you when crest is cancelled after delist?.