Author: YiStock | Publish date: Fri, 26 Jun 2015, 11:00 AM
Add On 10/07/2015
Thank you Yun Kai for the update of important and relevant info about FrontKn
http://www.cnyes.com/presh/finreport3/3414.html" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">http://www.cnyes.com/presh/finreport3/3414.html
Add On:01/ 07/ 2015
Let See How the thing Works:
Dr Jorg Helmunt Hohnloser ---100%---> Hohnloser Holdings GbBH+Co. KG ------100%---> Hohnloser Investment GmBH ----20%---> Service Holdings S.a.r.l ----100%--->CleanPart Group GmBH ----100%---> CP Asia Holdings GmBH ----27.8%----> Frontken -----58%----> Ares Green
DBAG --------> DBAG Fund VI Konzen (LP) -----18.76%----> Service Holdings S.a.r.l ----100%--->CleanPart Group GmBH ----100%---> CP Asia Holdings GmBH ----27.8%----> Frontken -----58%----> Ares Green
Hopefully members can dig further on the profile of each company to see the possible sinergistic effect on this corporate exercise.
Cheers.
YiStock
Hi All,
For value investors who want to avoid many irrelevant posts, below are important and relevant posts which i extract out from tonnes of posts for your reading pleasure.
I felt nauseating when log on to i3 yesterday evening. I believe many have same feeling.
I have put Mr Ooi's post as ending.
Cheers
YiStock
Posted by samyew1234 > Jun 24, 2015 10:22 AM | Report Abuse
PETALING JAYA: An off-market transaction of 290.99 million shares, or 27.6% of Frontken Corp Bhd, was crossed yesterday at a price of 18.8 sen, with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.
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Posted by Awesome > Jun 24, 2015 10:37 AM | Report Abuse
PETALING JAYA: An off-market transaction of 290.99 million shares, or 27.6% of Frontken Corp Bhd, was crossed yesterday at a price of 18.8 sen, with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.
At the price of 18.8 sen, it was a 31.5% or 8.7-sen discount to Frontken’s closing price of 27.6 sen yesterday.
Hohnloser is currently the single largest shareholder with a 27.75% stake in the company. This is followed by Lembaga Tabung Haji, which has 4.91%.
There had been much speculation in the past that Hohnloser was looking to secure more control over Frontken.
The stock was the fifth heaviest-traded stock of the day. Frontken closed 0.5 sen lower to 27.6 sen on a volume of 38.1 million shares. At this price, it is trading slightly above its net asset per share of 25 sen.
Hohnloser, who owns a European company with the same business as Frontken called Cleanpart GmBH, provides the same services as Frontken, namely, the provision of services to maintain equipment in the semiconductor and other industries.
Hohnloser first bought into Frontken in 2010. Financially, the fortunes of Frontken have been steadily improving.
It made a 48.8% jump in net profit to RM6.82mil on the back of a 60.2% increase in revenue to RM77.22mil for its first quarter to March 31, 2015. For financial year 2014, it made a net profit of RM18.77mil from a previous loss of RM2.32mil.
The company had cash and bank balances of RM70.62mil as at the first quarter, a vast improvement from the RM33.33mil it had in the same quarter of the previous year.
It has long-term borrowings of RM23.98mil and short-term borrowings of RM12.63mil.
Apart from a one-off gain of an associate company in 2014, the better results were mainly attributable to the improved business performance of the group’s subsidiaries in Taiwan and Malaysia.
There was a ramp-up in the semiconductor business in Taiwan due to the improved outlook in this sector.
In the case of Malaysia, the better performance was mainly due to the recognition of progressive revenue from the ATB project at Tanjung Bin, coupled with higher revenue from both its oil and gas (O&G) and semi-conductor divisions.
Frontken got a new lease of life last year after acquiring 45% in TTES Team & Specialist Sdn Bhd for RM11mil, which includes an RM8mil profit guarantee for two years.
TTES is an engineering services provider which also owns a licence to supply and provide services to the Petroliam Nasional Bhd group of companies.
O&G is a key segment of Frontken’s business. The other industries it serves are power, electronics manufacturing and marine.
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Posted by YiStock > Jun 24, 2015 11:33 AM | Report AbuseX
If my logic is correct:
Nobody will sell a RM 1 worth of thing to somebody at RM 0.70 especially when the company has bright prospect.
If my biz assumption is correct, we should see CleanPart may soon to be the single biggest share holder in Frontken as spear head for Cleanpart GMBH to have foot hold in Asia.
Currently this company has only market in europe and USA.
The overall development should be good for frontken via Ares Green to also tap into USA and Europe order.
Congratulations in advance IF there is such development of prospect.!
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Posted by blackul66 > Jun 24, 2015 11:33 AM | Report Abuse
someone posted, but deleted;
https://www.dbag.de/englisch/portfolio/" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">https://www.dbag.de/englisch/portfolio/
>
dbag portfolio includes cleanpart, but it seems they only invest in german companies
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Posted by gimmy2u > Jun 24, 2015 03:44 PM | Report Abuse
DBAG invests in Cleanpart Group
Industrial services for the semi-conductor industry
Leading market position in Europe and the US
MBO aimed at resolving the succession
Fourth MBO in current financial year
Frankfurt am Main, 23 March 2015. Deutsche Beteiligungs AG will invest alongside its advised DBAG Fund VI in the Cleanpart Group, an engineering services provider to the semi-conductor and related industries. DBAG and DBAG Fund VI will acquire the majority of the company in a management buyout (MBO). The investment is aimed at further driving the company’s strategic development. The present managing shareholder, Dr Jörg Hohnloser, will remain a major shareholder as well as committed to the company in the role of President and Chairman of the Advisory Board. Cleanpart’s management will also acquire an interest in Cleanpart as part of the transaction. Initially, DBAG will invest 12.5 million euros from its own balance sheet for its share (13 percent) in the company, including a bridge loan. The parties to the contract, which was signed on Friday, agreed not to disclose the purchase price. The transaction is still subject to regulatory approval. Cleanpart is DBAG’s fourth MBO in its current 2014/2015 financial year.
Cleanpart (http://www.cleanpart.de/" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">www.cleanpart.de) services process-critical production tool components which are primarily used in semi-conductor production (i.e. logic chips, memory chips). These components are contaminated and wear out during the complex production process chain. Therefore, they have to be decontaminated, cleaned, coated and replaced regularly in order to maintain the extreme standards of cleanliness and performance required by chip manufacturers during the production process. This also increases the components’ service life. Cleaning and coating are integral parts of the service process, during which chemical, mechanical and thermal cleaning procedures are used before the components are coated. Most often the components are then packaged under cleanroom conditions for further use.
Component servicing is performed at the company’s own facilities, which are located near major customers in Europe and the US. Cleanpart generates some three-quarters of its revenues in the semi-conductor industry (2014: 42 million euros). The company also serves customers in other sectors, such as the biomedical, photovoltaic and automotive industries and is active as sterile surgical instrument service provider in the healthcare industry.
Cleanpart employs a staff of 327 at 14 locations in Germany, France and the US. Because of its strong technological position, the company is positioned amongst the leading providers in Europe and the US.
DBAG intends to back Cleanpart in realizing its development potential. The company plans to expand its service portfolio. The business in industries other than the semi-conductor industry – such as the health-care sector – will also be expanded. In addition to organic growth, add-on acquisitions are planned to drive the company’s development.
“Cleanpart is a well-positioned company in our core sector of industrial services thanks to its strong market presence and exceptional technological differentiation,” said Torsten Grede, Spokesman of the Board of Management of Deutsche Beteiligungs AG, commenting on Friday’s signing. “Using our many years of investment experience in industrial service companies, we want to support Cleanpart in taking advantage of its market opportunities.”
Dr Jörg Hohnloser, managing shareholder of Cleanpart Group, stressed his company’s development opportunities following the change in ownership: “Through DBAG’s entry, Cleanpart will be in a position to make those acquisitions and investments that will help to further expand the company’s leading international position and guarantee for our customers highest-quality products and processes that meet ever more demanding standards and requirements.”
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Posted by gimmy2u > Jun 24, 2015 03:50 PM | Report Abuse
Cleanpart company history
http://www.cleanpart.de//about-cleanpart/history/" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">http://www.cleanpart.de//about-cleanpart/history/
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Posted by sky2 > Jun 24, 2015 05:04 PM | Report Abuse
Explanation
A direct business transaction (DBT) refers to the business transacted by an Exchange Participant who acts for both the buyer and the seller, whether as principal or agent.
In this dialog, it filters out the various counters that are traded through DBT. The transactions are broken down into 4 different types:
• Crossings - Normal (CN)
• Crossings - Odd Lot (CO)
• Married Deals - Normal (MN)
• Married Deals - Odd Lot (MO)
Definition
Crossings
A Direct Business transaction in securities between two clients of different Participating Organizations.
Married Deals
A Direct Business transaction in securities where a Participating Organization acts on behalf of both the buying and selling clients.
Odd Lot
A trade with the quantity of shares less than one board lot.
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Posted by gimmy2u > Jun 24, 2015 05:49 PM | Report Abuse
Deutsche Beteiligungs AG
Our Business >Management buyouts
Management buyouts
A partner to entrepreneurially-driven board executives and managers …
Exercising entrepreneurial scope and accepting personal responsibility in building a company’s value – Deutsche Beteiligungs AG offers that opportunity to board members, executives and other employed managerial staff. Drawing from our broad experience and knowledge, we commit to being a responsible and reliable partner for management buyouts (MBOs) – the acquisition of a company in partnership with its management.
MBOs call for corporate concepts aimed at boosting a portfolio company’s earnings power. The challenges involved include improving a company’s strategic position, for instance, by intensifying research and development or internationalising the sales organisation. Board members, managers and, in certain instances, other senior executives at our portfolio companies share in the opportunities and risks of our joint undertaking by personally co-investing. The members of DBAG’s investment team usually take seats on the portfolio companies’ advisory councils or supervisory boards.
… and to vendors
Short decision-taking lines, financial strength and an impressive track record also make us a solid and reliable partner to vendors – regardless of whether they wish to sell a subsidiary (spin-off) or part with a family-owned business (successorship). In a number of our portfolio companies, the founding families have remained invested and thereby share in the opportunities for value growth that the buyout creates.
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Posted by gimmy2u > Jun 24, 2015 05:57 PM | Report Abuse
Deutsche Beteiligungs AG
Our Business >
Expansion capital investment
Enhancing scope
Seizing market opportunities is paramount for profitable growth. But it takes capital to develop innovative products, enter new markets or make strategic acquisitions. Deutsche Beteiligungs AG provides that capital, ranging from 10 million to 50 million euros per deal, in various forms – for example, as equity that is not tied to fixed interest and repayment obligations.
Our investment can enable a change in the ownership base – a move that may be imperative in order to take the company to the next level. Additional equity can also help to restructure balance sheets and drive growth. That creates entrepreneurial scope.
Profiting from DBAG’s network
Our involvement amounts to more than money: as an equity provider, we are interested in seeing our portfolio companies develop as planned. We take the role of a sparring partner to management and bring in our financing skills. Our experience and market insight stem from our more than 300 transactions in Germany’s Mittelstand. Over the years, we have built a widespread network of companies and industrial experts across numerous sectors. Our investee businesses have access to this pool of contacts, expertise and knowledge through the involvement of DBAG or a sector expert on their supervisory boards or advisory councils.
Close partnerships with aligned interests
Deutsche Beteiligungs AG is firmly rooted in Germany’s Mittelstand. We well understand the corporate values that drive this segment of our economy. These are businesses that generate annual revenues of between 50 million and 500 million euros. We partner with owners who want to retain control but develop their companies with our support. We invest for a defined growth phase of up to eight years and, during that period, share rewards as well as risks.
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Posted by gimmy2u > Jun 24, 2015 06:04 PM | Report Abuse
Introducing the German Mittelstand
http://www.make-it-in-germany.com/en/for-qualified-professionals/working/mittelstand" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">http://www.make-it-in-germany.com/en/for-qualified-professionals/working/mittelstand
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Posted by samyew1234 > Jun 25, 2015 01:48 PM | Report Abuse
Hi, just attended the AGM, nothing new, chairman Mr. Ng said the buyer will be revealed soon, he also doesn't know who is the buyer
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Posted by samyew1234 > Jun 25, 2015 01:49 PM | Report Abuse
with regards to the Tanjung Bin project, this is the first time the company tenders as turnkey contractor with very competitive tender price, hence, the contribution to the bottom line is minimal
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Posted by samyew1234 > Jun 25, 2015 01:51 PM | Report Abuse
On the Taiwan side, he mentioned about changes in the technology required in the semi con industry with more sophisticated stuffs, so the demand for the services will definitely increase, he mentioned some technology terms which I didn't jock it down
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Posted by samyew1234 > Jun 25, 2015 01:53 PM | Report Abuse
On the dividend side, Mr. Ng said the board is always deliberating on it and will consider to pay dividend when the time is appropriate
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Posted by samyew1234 > Jun 25, 2015 01:55 PM | Report Abuse
In term of semi-con servicing industry, Frontken is the leading player in Malaysia with more than 90% market share, but not oil & gas, the Tanjung Bin is the first project whereby they are still evaluating it whether to venture into it in the future in big scale whereby the margin is small, they have the same projects in Sg but the size is small, only as sub con
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Posted by samyew1234 > Jun 25, 2015 01:56 PM | Report Abuse
Sg market is a bit slow down, and he expects Indonesia market to be good although the progress is slow, in term of China, they are in the midst of evaluation and definitely would like to capture the market there
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Posted by samyew1234 > Jun 25, 2015 01:57 PM | Report Abuse
In term of share back buy, the Management has done it previously at around 12 to 15 cents, when the NTA of the company is 25 cents, Mr. Ng said this is significantly undervalued the company, but he didn't mention at 27 cents the price is fair not
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Posted by samyew1234 > Jun 25, 2015 01:59 PM | Report Abuse
In term of projection, even for this year alone, he is unable to predict it as their business model is without order book, they are servicing company which depends very much on the customer demands
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Posted by samyew1234 > Jun 25, 2015 06:54 PM | Report Abuse
Cleanpart is a 100 % subsidiary of the Hohnloser Group, a German holding company going back to 1890.
The work of Cleanpart started in 1972 as IBM’s exclusive parts cleaning, recycling and precious-metal recovery facility.
Between 1972 and 1998 Cleanpart was a semiconductor service division of Gärtner und Klinger GmbH, one of Europe’s leading chemical engineering companies in the area of surface technologies and corrosion protection for critical parts in the automotive industry. The company was sold to the Collini Group in 2010.
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Posted by samyew1234 > Jun 25, 2015 06:55 PM | Report Abuse
In 1998 the S/C division was spun off under the name Cleanpart GmbH with headquarter in Asperg near Stuttgart in the southern German Neckar Region, Europe’s most productive industrial region and backbone to the German economy.
In 2001 Cleanpart opened Europe’s largest and most advanced semiconductor service facility focused on cleaning and refurbishing of recyclable part. The facility was built to spec to the needs of the S/C industry.
German Market
Cleanpart operated as an in-house service unit of the industrial chemical engineering and industrial plating company Gärtner & Klinger since 1971. Cleanpart created it’s first independent flagship facility in Germany in 2000. Currently Cleanpart operates facilities in Asperg, Ludwigsburg (R&D, specialty coats), Dresden, Thalheim/Bitterfeld (Solar industry) and Essen (Healthcare services).
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Posted by samyew1234 > Jun 25, 2015 06:55 PM | Report Abuse
US Market
In 2001 Cleanpart acquired 51% of San Jose, California based LSA-Anodic Technologies and operated until 2008 under the name LSA-Cleanpart LLC as the first step to build a US presence. In 2008 Cleanpart took 100% control of LSA-Cleanpart, which currently operates as Cleanpart-West. Through a mix of greenfield projects and acquisitions in Cleanpart expanded it's US presence with additional facilities in California, Texas, Massachusetts and North Carolina. Currently, Cleanpart operates 6 facilities in 5 US States.
French Market
In 2003 Cleanpart started to establish a presence in the French market with a greenfield facility in Rousset and an acquisition in 2005. Cleanpart currently operates 4 facilities in France (Rousset, Seyssinet near Grenoble) and Toulouse.
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Posted by gimmy2u > Jun 25, 2015 09:40 PM | Report Abuse
Joerg H. Hohnloser, MD, PhD
Dr Joerg Hohnloser has 25 years of experience in the medical field with a focus on Endocrinology, Oncology and Medical Intensive Care, including research and teaching, and was involved in the development and maintenance of medical IT systems in Germany and the US. His current roles are mainly in the area of business development, M&A and strategic direction of the groups of which he is a shareholder. Joerg is currently managing and principal shareholder of the Cleanpart group, a leading international engineering services firm which he built from a single-location operation in Germany to a market leading group with 12 locations in Germany, France and USA. The Cleanpart group is involved in the cleaning, advanced coating, replacement, design and overall refurbishment and life cycle management of recyclable components from advanced production systems in the semiconductor and related industries (Solar, Healthcare/Biotechnology, Automotive, optical etc.). Cleanpart is also involved in medical instrument sterilization (CSSD) hospital services. Joerg is the principal shareholder, director and audit committee member of Frontken Group (FCB), a Malaysian public engineering services group with 16 locations throughout Asia. He received his medical training at the University of Ulm, Germany and at Stanford UCSF, received his M.D. from the University of Ulm and PhD (Medical Informatics) from the University of Munich (LMU), Germany.
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In Summary:
Posted by Ooi Teik Bee > Jun 25, 2015 07:09 PM | Report Abuse
When you invest in a stock, please do not spend so much time on the stock if you are a long term shareholder. When you spend too much time, you will get emotional and make wrong decision because of this emotion.
You must have a trading plan, you will know how to handle it if unforeseen bad news comes out.
I told myself, if bad news is out, the share will drop very drastically. Many of my subscribers email me, whatsapp me and even call me, I still give the same answer. Hold since the price is very stable. For those who are fearful, set a cut loss price to get out.
You should get worried if you are a contra player.
Hope everyone learns this lesson, be calm and you must have a trading plan to know how to handle the situation if thing goes wrong.
Thank you.
Thank you Yun Kai for the update of important and relevant info about FrontKn
http://www.cnyes.com/presh/finreport3/3414.html" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">http://www.cnyes.com/presh/finreport3/3414.html
Add On:01/ 07/ 2015
Let See How the thing Works:
Dr Jorg Helmunt Hohnloser ---100%---> Hohnloser Holdings GbBH+Co. KG ------100%---> Hohnloser Investment GmBH ----20%---> Service Holdings S.a.r.l ----100%--->CleanPart Group GmBH ----100%---> CP Asia Holdings GmBH ----27.8%----> Frontken -----58%----> Ares Green
DBAG --------> DBAG Fund VI Konzen (LP) -----18.76%----> Service Holdings S.a.r.l ----100%--->CleanPart Group GmBH ----100%---> CP Asia Holdings GmBH ----27.8%----> Frontken -----58%----> Ares Green
Hopefully members can dig further on the profile of each company to see the possible sinergistic effect on this corporate exercise.
Cheers.
YiStock
Hi All,
For value investors who want to avoid many irrelevant posts, below are important and relevant posts which i extract out from tonnes of posts for your reading pleasure.
I felt nauseating when log on to i3 yesterday evening. I believe many have same feeling.
I have put Mr Ooi's post as ending.
Cheers
YiStock
Posted by samyew1234 > Jun 24, 2015 10:22 AM | Report Abuse
PETALING JAYA: An off-market transaction of 290.99 million shares, or 27.6% of Frontken Corp Bhd, was crossed yesterday at a price of 18.8 sen, with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.
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Posted by Awesome > Jun 24, 2015 10:37 AM | Report Abuse
PETALING JAYA: An off-market transaction of 290.99 million shares, or 27.6% of Frontken Corp Bhd, was crossed yesterday at a price of 18.8 sen, with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.
At the price of 18.8 sen, it was a 31.5% or 8.7-sen discount to Frontken’s closing price of 27.6 sen yesterday.
Hohnloser is currently the single largest shareholder with a 27.75% stake in the company. This is followed by Lembaga Tabung Haji, which has 4.91%.
There had been much speculation in the past that Hohnloser was looking to secure more control over Frontken.
The stock was the fifth heaviest-traded stock of the day. Frontken closed 0.5 sen lower to 27.6 sen on a volume of 38.1 million shares. At this price, it is trading slightly above its net asset per share of 25 sen.
Hohnloser, who owns a European company with the same business as Frontken called Cleanpart GmBH, provides the same services as Frontken, namely, the provision of services to maintain equipment in the semiconductor and other industries.
Hohnloser first bought into Frontken in 2010. Financially, the fortunes of Frontken have been steadily improving.
It made a 48.8% jump in net profit to RM6.82mil on the back of a 60.2% increase in revenue to RM77.22mil for its first quarter to March 31, 2015. For financial year 2014, it made a net profit of RM18.77mil from a previous loss of RM2.32mil.
The company had cash and bank balances of RM70.62mil as at the first quarter, a vast improvement from the RM33.33mil it had in the same quarter of the previous year.
It has long-term borrowings of RM23.98mil and short-term borrowings of RM12.63mil.
Apart from a one-off gain of an associate company in 2014, the better results were mainly attributable to the improved business performance of the group’s subsidiaries in Taiwan and Malaysia.
There was a ramp-up in the semiconductor business in Taiwan due to the improved outlook in this sector.
In the case of Malaysia, the better performance was mainly due to the recognition of progressive revenue from the ATB project at Tanjung Bin, coupled with higher revenue from both its oil and gas (O&G) and semi-conductor divisions.
Frontken got a new lease of life last year after acquiring 45% in TTES Team & Specialist Sdn Bhd for RM11mil, which includes an RM8mil profit guarantee for two years.
TTES is an engineering services provider which also owns a licence to supply and provide services to the Petroliam Nasional Bhd group of companies.
O&G is a key segment of Frontken’s business. The other industries it serves are power, electronics manufacturing and marine.
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Posted by YiStock > Jun 24, 2015 11:33 AM | Report Abuse
XIf my logic is correct:
Nobody will sell a RM 1 worth of thing to somebody at RM 0.70 especially when the company has bright prospect.
If my biz assumption is correct, we should see CleanPart may soon to be the single biggest share holder in Frontken as spear head for Cleanpart GMBH to have foot hold in Asia.
Currently this company has only market in europe and USA.
The overall development should be good for frontken via Ares Green to also tap into USA and Europe order.
Congratulations in advance IF there is such development of prospect.!
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Posted by blackul66 > Jun 24, 2015 11:33 AM | Report Abuse
someone posted, but deleted;
https://www.dbag.de/englisch/portfolio/" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">https://www.dbag.de/englisch/portfolio/
>
dbag portfolio includes cleanpart, but it seems they only invest in german companies
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Posted by gimmy2u > Jun 24, 2015 03:44 PM | Report Abuse
DBAG invests in Cleanpart Group
Industrial services for the semi-conductor industry
Leading market position in Europe and the US
MBO aimed at resolving the succession
Fourth MBO in current financial year
Frankfurt am Main, 23 March 2015. Deutsche Beteiligungs AG will invest alongside its advised DBAG Fund VI in the Cleanpart Group, an engineering services provider to the semi-conductor and related industries. DBAG and DBAG Fund VI will acquire the majority of the company in a management buyout (MBO). The investment is aimed at further driving the company’s strategic development. The present managing shareholder, Dr Jörg Hohnloser, will remain a major shareholder as well as committed to the company in the role of President and Chairman of the Advisory Board. Cleanpart’s management will also acquire an interest in Cleanpart as part of the transaction. Initially, DBAG will invest 12.5 million euros from its own balance sheet for its share (13 percent) in the company, including a bridge loan. The parties to the contract, which was signed on Friday, agreed not to disclose the purchase price. The transaction is still subject to regulatory approval. Cleanpart is DBAG’s fourth MBO in its current 2014/2015 financial year.
Cleanpart (http://www.cleanpart.de/" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">www.cleanpart.de) services process-critical production tool components which are primarily used in semi-conductor production (i.e. logic chips, memory chips). These components are contaminated and wear out during the complex production process chain. Therefore, they have to be decontaminated, cleaned, coated and replaced regularly in order to maintain the extreme standards of cleanliness and performance required by chip manufacturers during the production process. This also increases the components’ service life. Cleaning and coating are integral parts of the service process, during which chemical, mechanical and thermal cleaning procedures are used before the components are coated. Most often the components are then packaged under cleanroom conditions for further use.
Component servicing is performed at the company’s own facilities, which are located near major customers in Europe and the US. Cleanpart generates some three-quarters of its revenues in the semi-conductor industry (2014: 42 million euros). The company also serves customers in other sectors, such as the biomedical, photovoltaic and automotive industries and is active as sterile surgical instrument service provider in the healthcare industry.
Cleanpart employs a staff of 327 at 14 locations in Germany, France and the US. Because of its strong technological position, the company is positioned amongst the leading providers in Europe and the US.
DBAG intends to back Cleanpart in realizing its development potential. The company plans to expand its service portfolio. The business in industries other than the semi-conductor industry – such as the health-care sector – will also be expanded. In addition to organic growth, add-on acquisitions are planned to drive the company’s development.
“Cleanpart is a well-positioned company in our core sector of industrial services thanks to its strong market presence and exceptional technological differentiation,” said Torsten Grede, Spokesman of the Board of Management of Deutsche Beteiligungs AG, commenting on Friday’s signing. “Using our many years of investment experience in industrial service companies, we want to support Cleanpart in taking advantage of its market opportunities.”
Dr Jörg Hohnloser, managing shareholder of Cleanpart Group, stressed his company’s development opportunities following the change in ownership: “Through DBAG’s entry, Cleanpart will be in a position to make those acquisitions and investments that will help to further expand the company’s leading international position and guarantee for our customers highest-quality products and processes that meet ever more demanding standards and requirements.”
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Posted by gimmy2u > Jun 24, 2015 03:50 PM | Report Abuse
Cleanpart company history
http://www.cleanpart.de//about-cleanpart/history/" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">http://www.cleanpart.de//about-cleanpart/history/
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Posted by sky2 > Jun 24, 2015 05:04 PM | Report Abuse
Explanation
A direct business transaction (DBT) refers to the business transacted by an Exchange Participant who acts for both the buyer and the seller, whether as principal or agent.
In this dialog, it filters out the various counters that are traded through DBT. The transactions are broken down into 4 different types:
• Crossings - Normal (CN)
• Crossings - Odd Lot (CO)
• Married Deals - Normal (MN)
• Married Deals - Odd Lot (MO)
Definition
Crossings
A Direct Business transaction in securities between two clients of different Participating Organizations.
Married Deals
A Direct Business transaction in securities where a Participating Organization acts on behalf of both the buying and selling clients.
Odd Lot
A trade with the quantity of shares less than one board lot.
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Posted by gimmy2u > Jun 24, 2015 05:49 PM | Report Abuse
Deutsche Beteiligungs AG
Our Business >Management buyouts
Management buyouts
A partner to entrepreneurially-driven board executives and managers …
Exercising entrepreneurial scope and accepting personal responsibility in building a company’s value – Deutsche Beteiligungs AG offers that opportunity to board members, executives and other employed managerial staff. Drawing from our broad experience and knowledge, we commit to being a responsible and reliable partner for management buyouts (MBOs) – the acquisition of a company in partnership with its management.
MBOs call for corporate concepts aimed at boosting a portfolio company’s earnings power. The challenges involved include improving a company’s strategic position, for instance, by intensifying research and development or internationalising the sales organisation. Board members, managers and, in certain instances, other senior executives at our portfolio companies share in the opportunities and risks of our joint undertaking by personally co-investing. The members of DBAG’s investment team usually take seats on the portfolio companies’ advisory councils or supervisory boards.
… and to vendors
Short decision-taking lines, financial strength and an impressive track record also make us a solid and reliable partner to vendors – regardless of whether they wish to sell a subsidiary (spin-off) or part with a family-owned business (successorship). In a number of our portfolio companies, the founding families have remained invested and thereby share in the opportunities for value growth that the buyout creates.
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Posted by gimmy2u > Jun 24, 2015 05:57 PM | Report Abuse
Deutsche Beteiligungs AG
Our Business >
Expansion capital investment
Enhancing scope
Seizing market opportunities is paramount for profitable growth. But it takes capital to develop innovative products, enter new markets or make strategic acquisitions. Deutsche Beteiligungs AG provides that capital, ranging from 10 million to 50 million euros per deal, in various forms – for example, as equity that is not tied to fixed interest and repayment obligations.
Our investment can enable a change in the ownership base – a move that may be imperative in order to take the company to the next level. Additional equity can also help to restructure balance sheets and drive growth. That creates entrepreneurial scope.
Profiting from DBAG’s network
Our involvement amounts to more than money: as an equity provider, we are interested in seeing our portfolio companies develop as planned. We take the role of a sparring partner to management and bring in our financing skills. Our experience and market insight stem from our more than 300 transactions in Germany’s Mittelstand. Over the years, we have built a widespread network of companies and industrial experts across numerous sectors. Our investee businesses have access to this pool of contacts, expertise and knowledge through the involvement of DBAG or a sector expert on their supervisory boards or advisory councils.
Close partnerships with aligned interests
Deutsche Beteiligungs AG is firmly rooted in Germany’s Mittelstand. We well understand the corporate values that drive this segment of our economy. These are businesses that generate annual revenues of between 50 million and 500 million euros. We partner with owners who want to retain control but develop their companies with our support. We invest for a defined growth phase of up to eight years and, during that period, share rewards as well as risks.
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Posted by gimmy2u > Jun 24, 2015 06:04 PM | Report Abuse
Introducing the German Mittelstand
http://www.make-it-in-germany.com/en/for-qualified-professionals/working/mittelstand" style="text-decoration: none; color: rgb(0, 102, 170);" target="_blank" rel="nofollow">http://www.make-it-in-germany.com/en/for-qualified-professionals/working/mittelstand
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Posted by samyew1234 > Jun 25, 2015 01:48 PM | Report Abuse
Hi, just attended the AGM, nothing new, chairman Mr. Ng said the buyer will be revealed soon, he also doesn't know who is the buyer
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Posted by samyew1234 > Jun 25, 2015 01:49 PM | Report Abuse
with regards to the Tanjung Bin project, this is the first time the company tenders as turnkey contractor with very competitive tender price, hence, the contribution to the bottom line is minimal
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Posted by samyew1234 > Jun 25, 2015 01:51 PM | Report Abuse
On the Taiwan side, he mentioned about changes in the technology required in the semi con industry with more sophisticated stuffs, so the demand for the services will definitely increase, he mentioned some technology terms which I didn't jock it down
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Posted by samyew1234 > Jun 25, 2015 01:53 PM | Report Abuse
On the dividend side, Mr. Ng said the board is always deliberating on it and will consider to pay dividend when the time is appropriate
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Posted by samyew1234 > Jun 25, 2015 01:55 PM | Report Abuse
In term of semi-con servicing industry, Frontken is the leading player in Malaysia with more than 90% market share, but not oil & gas, the Tanjung Bin is the first project whereby they are still evaluating it whether to venture into it in the future in big scale whereby the margin is small, they have the same projects in Sg but the size is small, only as sub con
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Posted by samyew1234 > Jun 25, 2015 01:56 PM | Report Abuse
Sg market is a bit slow down, and he expects Indonesia market to be good although the progress is slow, in term of China, they are in the midst of evaluation and definitely would like to capture the market there
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Posted by samyew1234 > Jun 25, 2015 01:57 PM | Report Abuse
In term of share back buy, the Management has done it previously at around 12 to 15 cents, when the NTA of the company is 25 cents, Mr. Ng said this is significantly undervalued the company, but he didn't mention at 27 cents the price is fair not
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Posted by samyew1234 > Jun 25, 2015 01:59 PM | Report Abuse
In term of projection, even for this year alone, he is unable to predict it as their business model is without order book, they are servicing company which depends very much on the customer demands
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Changes in Sub. S-hldr's Int. (29B)
| FRONTKEN CORPORATION BERHAD |
Particulars of substantial Securities Holder
| Name | DR JORG HELMUT HOHNLOSER |
| Address | SIEMENSSTRASSE 1 71679 ASPERG Germany. |
| NRIC/Passport No/Company No. | C86HFMGM4 |
| Nationality/Country of incorporation | Germany |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM0.10 EACH |
| Name & address of registered holder | DR JORG HELMUT HOHNLOSER SIEMENSSTRASSE 1 71679 ASPERG GERMANY |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change |
No of securities
|
Price Transacted (RM)
|
| Disposed | 23 Jun 2015 |
290,991,473
|
0.189
|
| Circumstances by reason of which change has occurred | Cessation of direct interest arising from disposal by Dr Hohnloser of 290,991,473 Ordinary Shares of RM0.10 each ("Shares") to CP Asia Holding GmbH pursuant to a Share Purchase Agreement dated 20 March 2015 ("SPA"). The purchase price for the Shares is in total EUR14,000,000 (approximately RM54,845,800) or RM0.189 per Share. Dr Hohnloser is deemed interested in the Shares by virtue of Section 6A(4) of the Companies Act, 1965, by virtue of his indirect substantial shareholding in the share capital of CP Asia Holding GmbH. |
| Nature of interest | Indirect interest |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | 290,991,473 |
| Indirect/deemed interest (%) | 27.75 |
| Total no of securities after change | 290,991,473 |
| Date of notice | 23 Jun 2015 |
Posted by samyew1234 > Jun 25, 2015 06:54 PM | Report Abuse
Cleanpart is a 100 % subsidiary of the Hohnloser Group, a German holding company going back to 1890.
The work of Cleanpart started in 1972 as IBM’s exclusive parts cleaning, recycling and precious-metal recovery facility.
Between 1972 and 1998 Cleanpart was a semiconductor service division of Gärtner und Klinger GmbH, one of Europe’s leading chemical engineering companies in the area of surface technologies and corrosion protection for critical parts in the automotive industry. The company was sold to the Collini Group in 2010.
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Posted by samyew1234 > Jun 25, 2015 06:55 PM | Report Abuse
In 1998 the S/C division was spun off under the name Cleanpart GmbH with headquarter in Asperg near Stuttgart in the southern German Neckar Region, Europe’s most productive industrial region and backbone to the German economy.
In 2001 Cleanpart opened Europe’s largest and most advanced semiconductor service facility focused on cleaning and refurbishing of recyclable part. The facility was built to spec to the needs of the S/C industry.
German Market
Cleanpart operated as an in-house service unit of the industrial chemical engineering and industrial plating company Gärtner & Klinger since 1971. Cleanpart created it’s first independent flagship facility in Germany in 2000. Currently Cleanpart operates facilities in Asperg, Ludwigsburg (R&D, specialty coats), Dresden, Thalheim/Bitterfeld (Solar industry) and Essen (Healthcare services).
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Posted by samyew1234 > Jun 25, 2015 06:55 PM | Report Abuse
US Market
In 2001 Cleanpart acquired 51% of San Jose, California based LSA-Anodic Technologies and operated until 2008 under the name LSA-Cleanpart LLC as the first step to build a US presence. In 2008 Cleanpart took 100% control of LSA-Cleanpart, which currently operates as Cleanpart-West. Through a mix of greenfield projects and acquisitions in Cleanpart expanded it's US presence with additional facilities in California, Texas, Massachusetts and North Carolina. Currently, Cleanpart operates 6 facilities in 5 US States.
French Market
In 2003 Cleanpart started to establish a presence in the French market with a greenfield facility in Rousset and an acquisition in 2005. Cleanpart currently operates 4 facilities in France (Rousset, Seyssinet near Grenoble) and Toulouse.
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Posted by gimmy2u > Jun 25, 2015 09:40 PM | Report Abuse
Joerg H. Hohnloser, MD, PhD
Dr Joerg Hohnloser has 25 years of experience in the medical field with a focus on Endocrinology, Oncology and Medical Intensive Care, including research and teaching, and was involved in the development and maintenance of medical IT systems in Germany and the US. His current roles are mainly in the area of business development, M&A and strategic direction of the groups of which he is a shareholder. Joerg is currently managing and principal shareholder of the Cleanpart group, a leading international engineering services firm which he built from a single-location operation in Germany to a market leading group with 12 locations in Germany, France and USA. The Cleanpart group is involved in the cleaning, advanced coating, replacement, design and overall refurbishment and life cycle management of recyclable components from advanced production systems in the semiconductor and related industries (Solar, Healthcare/Biotechnology, Automotive, optical etc.). Cleanpart is also involved in medical instrument sterilization (CSSD) hospital services. Joerg is the principal shareholder, director and audit committee member of Frontken Group (FCB), a Malaysian public engineering services group with 16 locations throughout Asia. He received his medical training at the University of Ulm, Germany and at Stanford UCSF, received his M.D. from the University of Ulm and PhD (Medical Informatics) from the University of Munich (LMU), Germany.
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In Summary:
Posted by Ooi Teik Bee > Jun 25, 2015 07:09 PM | Report Abuse
When you invest in a stock, please do not spend so much time on the stock if you are a long term shareholder. When you spend too much time, you will get emotional and make wrong decision because of this emotion.
You must have a trading plan, you will know how to handle it if unforeseen bad news comes out.
I told myself, if bad news is out, the share will drop very drastically. Many of my subscribers email me, whatsapp me and even call me, I still give the same answer. Hold since the price is very stable. For those who are fearful, set a cut loss price to get out.
You should get worried if you are a contra player.
Hope everyone learns this lesson, be calm and you must have a trading plan to know how to handle the situation if thing goes wrong.
Thank you.
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