Junk Shares - Chasen Holdings Limited

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Chasen Holdings Limited
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The Company was incorporated on 2 November 1999.
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The Company changed its name from China Entertainment Sports Ltd to Chasen Holdings Limited on 17 May 2007 following the completion of the reverse takeover exercise on 12 February 2007 whereby the Company acquired the entire issued and paid up capital of Chasen Logistics Services Limited. As a result of the reverse takeover exercise, the Company’s core business now focuses on specialising in providing equipment relocation solutions.
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The Chasen Group is a specialist relocation solutions provider offering specialist manpower equipped with appropriate tools, equipment, material and vehicles to relocate the machinery and equipment used by customers in their manufacturing or other business operations within their premises, from one location to another location within a country, or from one country to another country. The Chasen Group acts as a strategic partner to its customers in the management of their relocation needs, specialising in the relocation of machinery and equipment with a well-trained and productive workforce utilising state of the art material handling and conveyance tools, equipment and facilities.
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The principal activities of the Company are those of investment holding. The principal business activities of the subsidiary companies may be classified as follows:
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(1) Relocation Services – The Group provides a range of relocation services which encompass machinery and equipment moving services through projects or maintenance contracts. The Total Logistics Management service to customers includes relocating customers' machinery and equipment in and out of Singapore and around the region, providing door to door turnkey services and materials management services. The Group is equipped to handle very sensitive machinery and equipment whether it is in Clean Room or "raised floor" environment.
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(2) Packing Services – The Group's packing services include the packing of machinery and equipment to OEM (Original Equipment Manufacturer) specifications and the supply of packaging and crating materials. The Group utilises state-of-the-art packaging material when customers' machinery and equipment need special packing before being transported to their new locations.
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(3) Warehousing and Related Services – The Group provides warehousing for customers' machinery and new or replacement equipment before installation or shipping, as well as land transportation services. In Singapore, the Group has its own fleet of diversified and state-of-the-art transportation vehicles, materials handling tools and equipment that cater to customers' relocation needs. These include 40-footer trailers and a 30-footer trailer equipped with air suspension and roller systems that are essential when transporting sensitive equipment.
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(4) Equipment Repair, Maintenance and Related Technical Services – Through the Group's subsidiary, REI, Chasen provides turnkey facilities and engineering solutions, repair and maintenance services of equipment to customers in the high-tech electronics industries such as semiconductors, disk media, thin-film transistor LCD, pharmaceutical and back-end packaging. REI is the representative for Canon-Anelva Corporation in Singapore. The Group business scope includes engineering service and spares support, parts fabrication and clean sales activities to instituitions and research facilities. REI operates a cryogenic pump refurbishment workshop in Prai, Penang, Malaysia. Chasen Group's facilities solutions include Clean Room construction, full facility fit-up from base build to fully operational factory, equipment/manufacturing line facilities hookup and relocation.
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The Group's major customers are in the electronics manufacturing, wafer fabrication, chip testing and assembly, TFT panel display manufacturing and other machinery and equipment owners.
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Price bought: $0.005
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Amount bought: 100 000 shares (100 lots)
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Brokerage Fee: $25.00
Clearing Fee: $0.20
Access Fee: $0.04
GST: $1.76
Total Cost: $527.00
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Date Bought: 02 October 2008
Date Sold:
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Price to be Sold: $0.01
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Sell Brokerage Fee: $25.00
Clearing Fee: $0.40
Access Fee: $0.08
GST: $1.79
Sell Value: $972.73
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Potential Profit: $445.73
% Profit: 84.58%
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