Well he has a duty to prove to the public and shares holder that this is not a "kuching kurap" China shares. Prove it is real genuine with money in the bank by rewarding the shares holder....that's all it takes for the shares to go up. Let's just hope.
Playboy,you are tricked to wait for 5c,csl up 1c, will be one way ticket soon 1)CF is ceo,maybe going to resign as Chairman,guess only 2)Fire is genuine waiting for further report.3)maybe a dividend is coming.
Alexeofb2b,not yet the chart never shows that far unless somebody uses a rocket to shoot up like a candle stick,then it is most exciting chart to watch,clap,clap n jump, liao low.
Chinese name,I am the security guard/police in the market,ever ready to catch the crooks to protect the investors'interest.Thankful to me and you also be rich also. MALAYSIA WILL HAVE GREAT POTENTIAL TO BE A WORLD FINANCIAL CENTRE IF WE HAVE MARKET SECURITY POLICE LIKE ME.WE THE CREATORS OF WEALTH,GREAT JOB, CHEERS1.
Playboy,I think you are a person under a conocut shell,lack far sightedness,the best for you is put your money in banks or EPF for steady income.Then don't have to wait for durians to drop bcos you can never receive the fruitage for the police will be preventing in to steal them.
you all think negative. Maybe they use the factory fire to give positive news. If no positive news, how can they goreng up so that their directors can sell more. Plus with new CEO, you think he want to make the counter / company look BAD when onboard. If you are new CEO what will you do to gain support and confidence or everyone?
Playboy, are you in conspiracy of setting up the 1st & 2nd fire or are you in the insurance company creating stories of liberately setting a fire so that CSL cannot claim insurance and you delay insurance payment. Police it is better to check on his background to catch another crook creating propagandas.
Playboy,you don't talk rubbish and when I ask for police investigation you said,'playboy',it should be 'slanderer' who can be charged in court,stop your nonsense here.
The Board of Directors of China Stationery Limited (“CSL” or the “Company”) wishes to announce that the Company has on 17 April 2014 submitted an application for extension of time for a period of two months from the respective deadlines to comply with Paragraph 9.23(2) and Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”) (the “Application”).
Reference is made to the announcement released by the Company on 8 April 2014 pertaining to a fire incident at one of the Company’ plants in Fujian Province, The People’s Republic of China (“PRC”), which has seriously affected its production capacity, causing interruption to some of the Group’s operations. The incident had ravaged approximately 10,000 square metres of the total floor area of 15,422.59 square metres at production plant No. 4 at 1.30am (PRC time) on 4 April 2014.
The plant involved is an individual designed five-storey detached factory building and is used for the production of polypropylene (PP) sheets as well as a warehouse for PP resin, PP sheets and recycled PP resin.
The Company’s auditors, Messrs RT LLP had communicated the following statements in their Audit Summary Memorandum for the financial year ended 31 December 2013:
“As a result of the fire incident, we are unable to proceed with their planned schedule to obtain walk-in bank confirmations, sight of fixed assets, as well as complete our audit fieldwork for the PRC subsidiaries. The aforementioned procedures are crucial for us to issue an audit opinion on the Group’s financial statements for the financial year ended 31 December 2013.
As at the date of this memorandum, management has not been able to provide us with the post balance sheet financial information and make the necessary arrangements to fulfil the aforementioned procedures as the financial records and company legal stamps that were stored in the administration office were destroyed by the fire as advised by management.”
Pursuant to Paragraph 9.23(2) of the MMLR, the Company is required to announce its Consolidated Financial Statements for the Group for the financial year ended 31 December 2013 within a period not exceeding four (4) months from the close of the financial year ended 31 December 2013, which is due on 30 April 2014.
According to the PRC Laws, the Company’s legal stamps can only be re-issued by the China Authority after obtaining the police report. The police are in the midst of investigating the fire incident for the time being.
The Board takes cognisance that the release of the Company’s Quarterly Report for the financial period ended 31 March 2014 by 31 May 2014 to Bursa Malaysia Securities Berhad (“Bursa Securities”) as required under Paragraph 9.22(1) of the MMLR, could have been delayed in the event that Company is unable to submit the Consolidated Financial Statements for the Group for the financial year ended 31 December 2013 on the due date 30 April 2014.
The Board of Directors as a whole, after taking into consideration all facts and circumstances of the matter and their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public, unanimously agree to apply to Bursa Securities for an extension of time for a period of two months from the respective deadlines as mentioned above for the Company to comply with Paragraph 9.23(2) and Paragraph 9.22(1) of the MMLR, in respect of the release of the 2013 AFS and 1Q 2014 Report to Bursa Securities.
Meanwhile, the Company and Management will continuously render full support and co-operation to Messrs RT LLP, in order to expedite the finalisation of the Company’s 2013 AFS for public release within the stipulated timeframe as required under the MMLR.
The above Application is now pending decision of Bursa Securities.
The Company will make the requisite announcement(s) in relation to the decision of Bursa Securities in due course.
Independent Auditors cannot get "walk in bank confirmation" of the $$$$ Fixed Deposits.
This is the most ridiculous excuse I have ever heard by any PLC for not submitting Accounts. Probably confirms that the Company has "fictitious Fixed Deposits" and assets.
CSL will probably drop below 19sen tomorrow !!! Beware....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alex Yong
292 posts
Posted by Alex Yong > 2014-04-16 21:14 | Report Abuse
good days ahead, hope so....hihi