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PREMIUM CATERING (HOLDINGS) LIMITED ANNOUNCES THE NUMBER OF PRE-REVERSE SPLIT AND POST-REVERSE SPLIT CLASS A ORDINARY SHARES
Globenewswire· 2025-07-18 13:15
Company Overview - Premium Catering (Holdings) Limited is a certified Halal food caterer specializing in Indian, Bangladesh, and Chinese cuisine with over 11 years of experience in the catering services industry in Singapore [3] - The company primarily supplies budget prepared meals to foreign construction workers in Singapore and operates food stalls, buffet catering services for private functions, and ancillary delivery services [3] - Since 2019, the company has introduced smart incubators for secure, hygienic, and contactless meal delivery at a pre-set temperature [3] Share Consolidation - The company announced a Share Consolidation (Reverse Split) of its Class A Ordinary Shares on July 11, 2025, with a Reverse Stock Split ratio of 1:9 [1] - The record date for the Reverse Stock Split is July 21, 2025, and trading on a Reverse Stock Split adjusted basis is expected to begin on July 22, 2025, under the existing ticker symbol "PC" [1] - Currently, there are 18,652,750 Class A Ordinary Shares issued and outstanding, which will reduce to 2,072,528 following the Reverse Stock Split [1]
PREMIUM CATERING (HOLDINGS) LIMITED ANNOUNCES RESULTS OF ITS EXTRAORDINARY GENERAL MEETING AND SHARE CONSOLIDATION
Globenewswire· 2025-07-11 04:01
Company Overview - Premium Catering (Holdings) Limited is a certified Halal food caterer specializing in Indian, Bangladesh, and Chinese cuisine with over 11 years of experience in the catering services industry in Singapore [3] - The company primarily supplies budget prepared meals to foreign construction workers in Singapore and operates food stalls, buffet catering services for private functions, and ancillary delivery services [3] - Since 2019, the company has introduced smart incubators for contactless meal delivery, which are custom-made heated and insulated food vending lockers [3] Share Consolidation Announcement - The company announced a share consolidation (Reverse Stock Split) approved by members at an Extraordinary General Meeting, with a ratio ranging from 1 for 2 to 1 for 18, and a final decision of 1:9 for all shareholders of record on July 21, 2025 [1][2] - The Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on the Nasdaq Capital Market starting July 22, 2025, under the existing ticker symbol "PC" [1] Compliance with Nasdaq Requirements - The Board of Directors believes that the Reverse Stock Split is necessary to maintain compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 for continued listing on the Nasdaq Capital Market [2] - The Board anticipates that the 1:9 Reverse Stock Split will facilitate compliance with these Minimum Bid Requirements [2]
热搜第一!南京VS苏州,“苏超”诞生2项纪录
21世纪经济报道· 2025-07-05 15:24
Core Viewpoint - The "Su Super" football league has gained significant popularity, breaking attendance records and stimulating local economies through increased tourism and food consumption [1][5][6]. Group 1: Attendance and Records - The match between Nanjing and Suzhou on July 5 attracted 60,396 spectators, setting a new attendance record for the "Su Super" league [1]. - This attendance figure is close to the all-time record of 65,769 set during a 2012 match between Jiangsu Shuntian and Guangzhou Evergrande [5]. Group 2: Economic Impact - The popularity of the "Su Super" league has led to a 50% week-on-week increase in tourism orders for Jiangsu Province, making it the top destination in the country during the weekend of June 14-15 [6]. - Food consumption has also surged, with a 49% year-on-year increase in dining orders from non-local consumers during the matches [6]. - A specific event in Huai'an saw a total of 48,000 visitors over three days, consuming 103 tons of crayfish, marking a 15% increase in sales compared to the previous year [9]. Group 3: Sponsorship and Commercial Opportunities - The excitement surrounding the "Su Super" league has attracted numerous brands as sponsors, with the official sponsorship price reaching 3 million yuan [12]. - Major brands from the Alibaba ecosystem, including Taobao and Alipay, have quickly entered the sponsorship arena, indicating a competitive environment among sponsors [10][12]. - The league is redefining the commercial value of football in a more relatable manner, enhancing its visibility and marketability [14].
Premium Catering (Holdings) Limited Announces Share Repurchase Program
Globenewswire· 2025-06-26 15:45
Core Viewpoint - Premium Catering (Holdings) Limited has authorized a share repurchase program for up to $1.0 million of its Ordinary Shares, indicating the Board's belief that the share price may be undervalued relative to long-term opportunities [1][2]. Company Overview - Premium Catering (Holdings) Limited is a certified Halal food caterer specializing in Indian, Bangladeshi, and Chinese cuisine, with over 11 years of experience in the catering services industry in Singapore [4]. - The company primarily supplies budget prepared meals to foreign construction workers in Singapore and operates food stalls, buffet catering services for private functions, and ancillary delivery services [4]. - Since 2019, the company has introduced smart incubators for secure, hygienic, and contactless meal delivery at a pre-set temperature [4]. Share Repurchase Program Details - The repurchase program allows the company to buy back shares through various means, including open market purchases and privately negotiated transactions, in compliance with federal securities laws [3]. - The volume, timing, and manner of repurchases will be at the company's discretion, influenced by market conditions and other factors [3]. - The program does not obligate the company to repurchase a specific amount of stock and can be modified or discontinued at any time [3].
摩根大通:中国高学历待业青年和1200万新毕业生-未来去向哪里
摩根· 2025-06-26 14:09
J P M O R G A N Asia Pacific Equity Research 22 June 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Trend Tapestry China's young, educated and unemployed: A services boom in the making Youth unemployment in China rose from ~10% in 2018 to ~21% in the s ...
Aramark (ARMK) 2025 Conference Transcript
2025-06-05 16:25
Aramark (ARMK) 2025 Conference June 05, 2025 11:25 AM ET Speaker0 All right. Cool. All right. Hi, everyone. Welcome to the next session of Baird's Global Consumer Technology and Services Conference. We're really happy to have everyone join us. I'm Andy Wittmann. I cover the facility services stocks here at Baird. And really happy to be joined again this year by Aramark. Jim Tarantulo is up on stage with me. He's the company's CFO. We have about a half an hour to go through the company, the story. I'm going ...
PREMIUM CATERING (HOLDINGS) LIMITED ANNOUNCES SIX-MONTH PERIOD ENDED DECEMBER 31, 2024 FINANCIAL RESULTS
Globenewswire· 2025-06-05 16:05
Core Viewpoint - Premium Catering (Holdings) Limited reported a significant decline in revenue and an increase in net loss for the six-month period ended December 31, 2024, compared to the same period in 2023, primarily due to reduced demand for budget prepared meals and increased operational costs [1][4][16]. Revenue - Total revenue decreased by approximately S$0.6 million or 21.1% to S$2.2 million for the six-month period ended December 31, 2024, down from S$2.8 million in 2023 [4][3]. - The decline in revenue was attributed to a S$0.3 million decrease in budget prepared meals and a S$0.3 million decrease from food stall operations, partially offset by a S$0.04 million increase in buffet catering services [4][5]. Cost of Revenue - Cost of revenue for the six-month period ended December 31, 2024, was approximately S$1.6 million, down from S$2.2 million in 2023, indicating a reduction in raw material and direct wage costs [6]. Gross Profit and Margin - Gross profit remained relatively stable at S$0.63 million for both periods, but the gross profit margin improved to approximately 28.3% in 2024 from 22.4% in 2023, despite increased raw material prices [8]. Operating Expenses - General and administrative expenses surged to approximately S$2.1 million in 2024 from S$1.0 million in 2023, primarily due to post-IPO costs, including consulting and advisory services [9][10]. - Total operating expenses increased significantly by 101.8% to S$2.1 million in 2024, compared to S$1.0 million in 2023 [3][9]. Net Loss - The net loss for the six-month period ended December 31, 2024, was approximately S$1.4 million, a substantial increase from S$0.5 million in 2023, reflecting the combined impact of reduced revenue and increased operating expenses [16]. Company Overview - Premium Catering (Holdings) Limited specializes in Halal food catering, primarily serving foreign construction workers in Singapore, and has over 11 years of experience in the industry [17]. - The company has diversified its services to include buffet catering and operates food stalls, adapting to changes in market demand post-COVID-19 [5][17].
Ad hoc announcement pursuant to Art. 53 of the SIX Swiss Exchange Listing Rules: gategroup announces pricing for new term loans and revolving credit facility financing
Globenewswire· 2025-05-28 18:41
gategroup Holding AG and its subsidiaries (together "gategroup") are announcing that they have priced a EUR 675 million term loan, a USD 500 million term loan and a multicurrency revolving credit facility in an amount of CHF 300 million (the “New Financing”). The key terms of the New Financing are as follows: CurrencyEUR USD MulticurrencyAmount675 million500 millionCHF 300 million Borrower(s) gategroup Finance International S.à.r.l (Luxembourg)gategroup Finance International S.à.r.l (Luxembourg) and gategro ...
gategroup announces launch of syndication for new term loan financing
Globenewswire· 2025-05-15 17:40
Ad hoc announcement pursuant to Art. 53 of the SIX Swiss Exchange Listing Rules gategroup announces launch of syndication for new term loan financing May 15, 2025 gategroup Holding AG and its subsidiaries (together "gategroup") is announcing that it is launching a syndication in the institutional loan market of proposed new senior secured term loan Bs. In connection with the financing, gategroup also expects to enter into a new revolving credit facility in an amount of approx. CHF 300 million (equivalent) ...
高盛:中国消费动态-劳动节假期消费总结-好于预期,零售销售增长加速
Goldman Sachs· 2025-05-07 02:10
7 May 2025 | 2:28AM HKT China Consumer Connections Pulse Check: Labor Day holiday consumption wrap-up: better-than-expected and accelerated retail sales growth The retail and consumer sector data we collected during the Labor Day holiday this year (May 1-5, same as in 2024) suggests solid holiday spending growth despite a high base, which looks better than expected especially amid the US tariff-fueled pessimism in April. This reaffirms our view that consumption has bottomed out, though we acknowledge volati ...