Sakae Holdings

Sakae CFO wrongly bought back shares at a price above permissible level

MAINBOARD-LISTED restaurant operator Sakae Holdings has suspended its share buyback after its chief financial officer (CFO) Tan Yiok Ping wrongly bought back the company’s shares at S$0.118, above the...

Sakae Holdings offers corporate advisory services and Japanese cuisine.
HOCK LOCK SIEW

Investors should be wary of taking a bite into Sakae despite price surge

SAKAE Holdings executive chairman and controlling shareholder Douglas Foo’s proposed sale of a 20 per cent stake in the company for S$26.5 million might have raised some eyebrows.

Sakae's Douglas Foo looks to have snared a great deal with his proposed sale of about 20 per cent of the F&B group to Makara Capital.
HOCK LOCK SIEW

Owners of discounted property groups should emulate Sakae’s Douglas Foo

Sakae Holdings’ founder and executive chairman Douglas Foo may have struck a great deal.

If the proposed sale is completed, Foo will remain as executive chairman and controlling shareholder with about 46.15 per cent of the company’s total number of issued shares.

Sakae chairman to sell 20% stake in company for S$26.5 million

DOUGLAS Foo, executive chairman of Sakae Holding, is looking to sell a 20 per cent stake in the restaurant operator for S$26.5 million, the company said on Wednesday (Jul 19).

A review of corporate governance disclosures by KPMG in Singapore, published in September, found that only 35 per cent of companies disclosed the actual remuneration of directors on a named basis, and that 18 per cent did so for CEOs.
HOCK LOCK SIEW

Companies’ nonchalance toward SGX queries on pay shows why mandatory disclosure may be necessary

SINGAPORE Exchange Regulation (SGX RegCo) is seeking feedback on a proposed rule change that would make it mandatory for listed companies to disclose how much they pay their chief executives and direc...

Sakae Sushi’s outlet in Junction 8, which closed in March 2022. Third-quarter revenue took a hit from the reduction in the number of physical stores.

Sakae Holdings reports Q3 net loss of S$317,000

MAINBOARD-LISTED restaurant operator Sakae Holdings sank into the red in the third quarter on a decline in other operating income and gains, as well as the cost of operating expenses.

Sakae Holdings sinks into red with Q1 net loss of S$134,000

Sakae Holdings sinks into red with Q1 net loss of S$134,000

SAKAE Holdings, which owns the Sakae Sushi restaurant chain, posted a net loss attributable to shareholders of S$134,000 for its first quarter ended Sep 30, turning red after a S$69,000 profit in the ...

Sakae Q4 net profit down 43.5% to S$1.5 million as revenue takes hit from virus restrictions

Sakae Q4 net profit down 43.5% to S$1.5 million as revenue takes hit from virus restrictions

MAINBOARD-LISTED food and beverage (F&B) player Sakae Holdings posted net profit of S$1.5 million for the fourth fiscal quarter ended June, down 43.5 per cent from net profit of S$2.6 million in the c...

Internal audit works as an insurance against corporate failures
COMMENTARY

Internal audit works as an insurance against corporate failures

RECENT developments in the local market involving Sakae Holdings and ecoWise Holdings have illustrated just how important it is that companies have strong internal controls in place, as well as a robu...

Sakae attempts to defend the indefensible after humiliating query from SGX RegCo
MARK TO MARKET

Sakae attempts to defend the indefensible after humiliating query from SGX RegCo

Corporate governance survey suggests standards lifted by Singapore regulators even as companies weigh on them; local institutional investors could do more