2016-Full Year Results
2016 Annual Report
2016 AGM Presentation

Corporate Profile

Listed on the Catalist board of the Singapore Exchange Securities Trading Limited, Cedar Strategic Holdings Ltd. (“CSH” or the “Company”, and together with its subsidiaries, the “Group”) was incorporated in Singapore on 17 October 1980. Formerly known as China Titanium Ltd., the Company adopted the name Cedar Strategic Holdings Ltd. on 7 December 2012 following the restructuring of its business model, effectively changing its core business to real estate. On 22 February 2013, CSH successfully completed the divestment of its 51% equity stake in Jade Marketing & Distribution Pte. Ltd. and 100% stake in Jade Real Estate Pte. Ltd.

On 29 October 2013, the Group completed the acquisition of the entire issued and paid-up share capital of Trechance Holdings Limited, the holding company of Guizhou Cedar Huacheng Property Development Co., Ltd (“Huacheng”), which in turn owns Guizhou Shengxiang Investment Management Co., Ltd (“Shengxiang”), Guiyang Shunhe Real Estate Development Co., Ltd. (“Shunhe”) and Guizhou Huamao Assets Operation Management Co., Ltd. (“Huamao”) (collectively, the “Trechance Group”). A ‘control’ assessment was performed in accordance with the Financial Reporting Standards and it was concluded that the Group no longer has the practical ability to direct the relevant activities of Huacheng, Shengxiang, Shunhe and Huamao as at 31 December 2014 and on this basis, these People’s Republic of China (“PRC”) subsidiaries ceased to be subsidiaries of the Company by 31 December 2014.

On 4 November 2015, CSH has, through its wholly-owned subsidiary Cedar Properties Pte Ltd, acquired 60% of the registered capital of Huizhou Daya Bay Mei Tai Cheng Property Development Co., Limited (“Daya Bay”), for an aggregate consideration of RMB48 million.This is part of the Company’s corporate turnaround strategy to not only secure shareholders’ value but to allow shareholders to recover part of the value lost. Daya Bay is the sole developer of a project in No. 3 Xia Guang Road West, Xia Chong Town, Daya Bay District, Huizhou, Guangdong Province, PRC and comprised of, inter alia, 1,099 suites of decorated apartments (the “Property“).

Construction of the Property has been substantially completed and the handover of the apartments for sale to purchasers have commenced from 3Q2015. The remaining apartments in the Property will continue to be owned by Daya Bay, and will be rented out as holiday apartments for recurring income. An independent and well-established hotel operator who has experience in the hotel management business in the PRC, has been hired as the hotel management company.

Going forward, the Group intends to continue to focus on property investment and development. However, the Group intends to execute such a strategy differently in three respects, namely:

a. The Group is committed to finding a balance between long term recurrent rental income and short term development profit;

b. Given the Group’s modest financial ability, the Group intends to maximize profit by focusing on emerging cities and areas. The Group believes that Daya Bay is fast becoming the beachside holiday resort of many middle and working class families from Hong Kong and surrounding regions; and

c. The Group is committed to ensure that its projects produce sufficient cash profit so that it can make distributions and pay dividends.