Yu_Hung_TAI: b4 fire BBQ ,I also buy, but later cut lost at around 20.5c,,,,,,, bcos fire breakout, after fire still got ppl buy,! I told them Cabut kian kian!
If not bcos TH tabung HAji, otherwise I not even touch any Chinese counter in bursa, I think not many ppl know that how this CSL got her Golden opportunity to come into Bursa , bcos TH Assisted by our government to listed this rotten fellow just to escape the TH money which invested since 2010........no point to finger pointing ! But our gov also got to be blame who allowed the low quality plc into m'sia, a good government should protect their ppl asset not the other round! This TH in first place already known!,how to explain to Muslim fellows, so better whacked this local Chinese money bcos TH felt cheated by Chinese company! Just my 1/2 pence opinion only! Dunn sue me pse, I'm broke now bcos I lost more million in CS L!
After telling my own truth story! I m hoping no body will fxxx me anymore, I did nothing wrong, I didn't, fxxx our gov I just hoping our gov not to repeat the selfish attitude again! That all!
Cweed: thank for highlighting !finally got to tell the truth! --- U r welcome! M just attaching article here. Credit goes to investigative reporting of the Edge. :) Hope it aids others make more informed investment decisions.
Hey, sorry to hear about your huge investment loss. :(
Anybody here dare to bet with me that ,wat I said about TH is untrue! P,se come forward at anytime! If you are not prepare todo so better dun simply open your mouth,last warning, before Kana spike!
OTHERS China Stationery Limited ("CSL" or the "Company") – Updates on the Incident of Fire
CHINA STATIONERY LIMITED
Type Announcement Subject OTHERS Description China Stationery Limited ("CSL" or the "Company") – Updates on the Incident of Fire
As follow up to the announcement made on 8 April 2014 pertaining to the fire incident, the Company would like to inform that the Company has a total of 5 production plants located in The People’s Republic of China (“PRC”) measuring approximately 50,000 square metres in total area, of which the area of the plant gutted by the fire measuring approximately 10,000 square metres, constituting 20% of the total floor area. The fire did not spread to the other production plant of the Company. The production capacity of the affected plant represents 40% out of the total production capacity of all the plants of CSL for 2013 financial year. The affected production plant is currently sealed off by police authority of PRC and prohibited from entrance by outsiders save for the investigating police. In view thereof, Management of CSL and insurance representatives are unable to access to the scene to ascertain the total damage caused by the fire incident as of to-date. There is insurance coverage against the damage caused by fire to the equipment, raw materials and finished products housed and/or kept in the affected plant. The Company and the insurance company are unable to ascertain the amount of damage and loss to the equipment, raw materials and finished products due to the current inaccessibility to the affected plant. Nevertheless, the Company is preparing for remedial works to commence once the affected plant is allowed for access by the PRC police. In addition, the Company also wishes to inform that the services offered by the insurance company in PRC , would not cover for loss of business income applies to the loss suffered by the Company during the time required to repair or replace the damaged property. Management of the Company is in the midst of liaising with the customers of the Company in regard to the fire incident and looking for their understanding on such incident. As at the time of this announcement, none of the customers have initiated legal proceedings to demand for compensation in view of the delays in fulfilling their orders due to the fire incident. Following the fire incident, the External Auditors of CSL are unable to proceed with their planned schedule to obtain walk-in bank confirmations, sight of fixed assets, as well as complete their audit fieldwork for the Company’s PRC subsidiaries in which the procedures are crucial for them to form and issue an audit opinion on the Company and its Group’s financial statements for the financial year ended 31 December 2013. In view thereof, the Company has on 17 April 2014 submitted an application for extension of time for a period of two months from the respective deadlines for issuance of the Audited Financial Statements for year ended 31 December 2013 and Quarterly Results for the period ended 31 March 2014, in order to comply with Paragraph 9.23(2) and Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. An announcement was released to Bursa Malaysia Securities Berhad (“Bursa Securities”) on 17 April 2014 concurrently. The Board also wishes to highlight that Bursa Securities has via its letter dated 30 April 2014, resolved to grant CSL an extension of time of: (i) two (2) months from 1 May 2014 until 30 June 2014 ("Extended Deadline") to announce its Audited Financial Statements for the financial year ended 31 December 2013 ("AFS"), which is due on 30 April 2014; and (ii) two (2) months from 1 June 2014 until 31 July 2014 ("Extended Deadline") to announce the first quarterly report for the financial period ended 31 March 2014 ("1st quarterly report"), which is due on 31 May 2014. subject to the condition that CSL be required to announce the monthly updates on the progress of the police investigation report and the steps taken or proposed to be taken to issue the outstanding AFS and 1st quarterly report before the Extended Deadline pursuant to paragraph 9.28(4)(b) of the Main Market Listing Requirements of Bursa Securities. This announcement is dated 8 May 2014.
More n more bad news coming into CSL........doesn't seem to be peace of mind for those who already bought in at 12c ( lowest) and those still holding tight from day oNe at Rm 1 ..remember IPO price!
One billion RM = RMB 2.2 billion claimed by director that CSL having such a huge cash pile!,I Dunn trust real money bcos can be faked, how about the photocopy of FD receipt?
'' The affected production plant is currently sealed off by police authority of PRC and prohibited from entrance by outsiders save for the investigating police. In view thereof, Management of CSL and insurance representatives are unable to access to the scene to ascertain the total damage caused by the fire incident as of to-date. '
- doesn't make sense at all >> Why NOT ENTER the PLANT with POLICE ESCORT'
My frens ( those still holding the CSL /CSL-WA )....
BE PREPARED for a " SUDDENT DEATH " anytime ....
## anyway remained PRAYING for the HAPPY ENDING $$$$$ !
Dr WArrant, how many time you read the 8th MAy 14 announcement ?,I think must be more 2 times... Hehe good to read with your mind and soul open, try to pick up something that was falling into grey area or between the line...... Like porcupine making love....... Hehe ....... Very very carefully ! Good luck to all! Especially those cut lose n letgo! Who is still can' t imaging the final outcome....pray hard!...g9!
Kimsun, what is the reason for the stock to go up? - Just for being able to meet Bursa's deadline after a 2 months delay? - Records destroyed, how to do up a proper account now? - How much will the hike be ? Back to IPO price? - Any idea survive for how much longer after factory had gone up in smoke... What else is there to sell ? - The surprise dividend will come fr where? Why would d operator share out whatever hard cash left in their bank with Malaysian investors - any idea? Hahaha! Do think real hard tonight to come out with some intelligent answers for us.
my fren mr wahihi126....we have to be smart too >> NOT to BE TRICKED BY CSL ..... OK like this , you have an important job to do , as auditors @ accountant , you MUST be allowed to be in the plant with the POLICE ESCORT...see this is the ' trick by CSL '.....liao- liao liao....!
## anyway , those holding CSL @ CSL-WA must be prepared for the worst - financially + mentally ....( have you read in the EDGE daily about the many TRICKED done by this china company listed overseas lately .....don't read if you are not prepared for the nightmare ! )
@@ as usual , pray harder ( devine help ) for the HAPPY ENDING .... !
--- see the part that says " looks good on paper " .. LOL ... date 10 May 2014 lagi today ... cun .... pity those investors .... on paper everything look good ... when fire comes all gone! haloo.. what's wrong with keeping all the data secured on cloud ? even iphone can save data on icloud mah ... lol ...... apa punya company terbakar terus tak tau apa apa (wo bu chi tao?) .. da fuq .......... means any company burnt to hell ... also cannot determined anything hah? aiyooo.... ini macam suruh olang invest then sinang sinang kasi tau olang company terbakar dan senyap senyap cabut kah?
CSL : Canina Sudah Loh ....
why people not happy? if NTA sucks, financial records sucks etc is acceptable .. people know is sucks and can be speculative but if everything looks good on paper, and people "tertipu" to invest ... with good NTA, good balances sheet etc .... aiyooo cannot help being kana
Posted by Cweed > May 10, 2014 11:05 PM | Report Abuse
Kimsun, what is the reason for the stock to go up? - Just for being able to meet Bursa's deadline after a 2 months delay? - Records destroyed, how to do up a proper account now? - How much will the hike be ? Back to IPO price? - Any idea survive for how much longer after factory had gone up in smoke... What else is there to sell ? - The surprise dividend will come fr where? Why would d operator share out whatever hard cash left in their bank with Malaysian investors - any idea? Hahaha! Do think real hard tonight to come out with some intelligent answers for us.
---- kedai sudah terbakar.. semua hangus loh... even donating money to charities and help poor people GOD WILL BLESS YOU .. AMEN ......
Posted by DRwarrant > May 10, 2014 11:16 PM | Report Abuse
my fren mr wahihi126....we have to be smart too >> NOT to BE TRICKED BY CSL ..... OK like this , you have an important job to do , as auditors @ accountant , you MUST be allowed to be in the plant with the POLICE ESCORT...see this is the ' trick by CSL '.....liao- liao liao....!
## anyway , those holding CSL @ CSL-WA must be prepared for the worst - financially + mentally ....( have you read in the EDGE daily about the many TRICKED done by this china company listed overseas lately .....don't read if you are not prepared for the nightmare ! )
@@ as usual , pray harder ( devine help ) for the HAPPY ENDING .... !
Posted by Alexofb2b > May 10, 2014 11:36 PM | Report Abuse
AyamTua ini macam, many will jump down from Twin Tower lor.... sad sad stories lor........
---- punting into ASIABIO, LUSTER, FRONTKN, DBE, MPCORP etc even god chance to punt loh ..... company with high NTA, good balance sheet, good financial record then suddenly terbakar how to justify? lol ... macam tipu loh .... nasib baik sudah cabut kin kin loh rugi sikit tak apa loh .... tuition fee! kikikikiiki
Posted by DRwarrant > May 10, 2014 11:16 PM | Report Abuse
my fren mr wahihi126....we have to be smart too >> NOT to BE TRICKED BY CSL ..... OK like this , you have an important job to do , as auditors @ accountant , you MUST be allowed to be in the plant with the POLICE ESCORT...see this is the ' trick by CSL '.....liao- liao liao....!
--- ini macam SOAP OPERA CHINA kah? kikikiki masuk kilang terbakar mau escort kah? macam macam loh .. even investing in WONG, PO HUAT, Hiap Huat, Huat Huat company also still have chances to win loh .. with right timing, and quantities and patience loh ....
Posted by Alexofb2b > May 10, 2014 11:40 PM | Report Abuse
AyamTua , Can Hantam symphny, TDM, Asiabio,...ete etc etc.... But AVOID CSL lor.............. it is a conned ctr lor..... sad sad sad......lor
--- correct.. anyone can hantam any stock even AT Sytemization provided dont hantam when high lah.. also can make money loh ... but hantam CSL ????? aiyooo even experienced and master even people never play stock also scared loh ...... CSL on paper everything look good... performance? manyak takut loh ................ end of story... kadai terbakar loh .... semua kaput loh ..... toilet pun cannot pangsai already ... all savings sudah hangus loh ... manyak takut
CSL fire !...most likely ' it's own fire - self burnt' , the old tactic to claim insurance .... CSL must be ASHAMED NOW , their TACTIC has been SMELLED by many ,,,,,but they don't care - NO FACE + NO SHAME - thick skin . Actually we need to ' TIEW ' the SC / BURSA for allowing such a KAPUT company like CSL and a few more to ' DAY LIGHT ROBBERY ' our innocent comrades !!....those the previous SC Boss ?? ( not now )....that OLD LADY must be shoe (ed) ( ? )..
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....
wahihi126 Kikiki126
3,120 posts
Posted by wahihi126 Kikiki126 > 2014-05-10 19:21 | Report Abuse
To see