During the quarter, it received some $2.26 million worth of dividends, versus $0.52 million for the preceding quarter.
The company, under founder and CEO Mohamed Salleh Marican, has shifted its focus from investing in retail properties to investing in quoted securities, has allocated the bulk of its investments in Hong Kong and China. At 65%, the proportion in Hong Kong and China outstrips 34% it allocates to Singapore.
According to Second Chance in its update on July 10, as at May 31, its top ten holdings are all China stocks.
Its single largest holding, at 4.42%, is China Mobile, followed by CITIC and China CITIC Bank at 4.3% and 4.16% respectively. The fourth largest holding is China Unicome, at 3.69%, followed by the Agricultural Bank of China, at 3.62%.
See also: Cosmosteel’s CEO Ong resigns after 3HA Capital offer declared unconditional
Second Chance shares last traded at 22 cents on July 6, down 8.33% year to date.
