Yamada Green to Shut Loss-Making Processed Food Products Unit Next Month

MT Newswires05-27

Yamada Green Resources (SGX:BJV) plans to close its processed food products segment by the end of next month after three straight years of losses from 2021 to 2023, according to a Friday filing with the Singapore Exchange.

The loss-making business has seen declining domestic and international sales due to intense price competition and longer repayment from customers in China, and a slowdown in global economic activity.

The supplier of shitake mushrooms plans to focus its resources on the investment properties segment, which recorded a 21% on-year growth in 2023 rental income, but will continue to explore opportunities in the food segment, it said in the filing.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2438817712?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-27 07:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2438817712","market":"hk","top_or_hot":-1,"title":"Yamada Green to Shut Loss-Making Processed Food Products Unit Next Month","media":"MT Newswires","content":"<html><body><p> Yamada Green Resources (SGX:BJV) plans to close its processed food products segment by the end of next month after three straight years of losses from 2021 to 2023, according to a Friday filing with the Singapore Exchange. </p><p>The loss-making business has seen declining domestic and international sales due to intense price competition and longer repayment from customers in China, and a slowdown in global economic activity.</p><p>The supplier of shitake mushrooms plans to focus its resources on the investment properties segment, which recorded a 21% on-year growth in 2023 rental income, but will continue to explore opportunities in the food segment, it said in the filing. </p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yamada Green to Shut Loss-Making Processed Food Products Unit Next Month</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYamada Green to Shut Loss-Making Processed Food Products Unit Next Month\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-27 07:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Yamada Green Resources (SGX:BJV) plans to close its processed food products segment by the end of next month after three straight years of losses from 2021 to 2023, according to a Friday filing with ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BJV.SI","symbol_name":"山田绿色资源","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2438817712","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2438817712","pubTimestamp":1716766663,"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Yamada Green Resources  plans to close its processed food products segment by the end of next month after three straight years of losses from 2021 to 2023, according to a Friday filing with the Singapore Exchange. The loss-making business has seen declining domestic and international sales due to intense price competition and longer repayment from customers in China, and a slowdown in global economic activity.The supplier of shitake mushrooms plans to focus its resources on the investment properties segment, which recorded a 21% on-year growth in 2023 rental income, but will continue to explore opportunities in the food segment, it said in the filing.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BJV.SI":"山田绿色资源","BK6114":"包装食品与肉类","BK6509":"食品和饮料股"},"translate_title":"山田绿色将于下月关闭亏损的加工食品部门","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BJV.SI":0.9},"content_text":"Yamada Green Resources (SGX:BJV) plans to close its processed food products segment by the end of next month after three straight years of losses from 2021 to 2023, according to a Friday filing with the Singapore Exchange. The loss-making business has seen declining domestic and international sales due to intense price competition and longer repayment from customers in China, and a slowdown in global economic activity.The supplier of shitake mushrooms plans to focus its resources on the investment properties segment, which recorded a 21% on-year growth in 2023 rental income, but will continue to explore opportunities in the food segment, it said in the filing.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2438817712"}