The announcement mentioned that they managed to obtain the permission from the authorities to reissue the legal stamps for restructuring the the documents and applied for another one month to finalise their accounts.Now they are pending on Bursa permission to grant them another one month grace to avoid the one day suspension. Accordingly to Bursa rulings the failure of submission of the a/cs, CSL will be suspended on the 8th July but it will be lifted on the following day.Hence another 6 months will be granted for them to submbit the a/cs and by the end of this 6th month if the a/c is not submitted,the delisting procedures will be initiated against them.
It looks like they are trying very hard to avoid suspension by appealing to the authorities for the issuance of legal stamps without the police help/permission.There is one party keeps on condemning them without enough evidences,hoping that it will be delisted. So let us watch further what is actually going on as I am lost as who to trust. CFO sold the shares a.t 12.5c which he bought at 28c in July 2013
The balance 12 cents must also be swallowed lor.....
After delisting like SAAG , then they can all pocket everything lah, not even the Bones left lor,.... hihihiii, this is typical Conman made in Bursa mah.....
After duit along yang boss CF pin jam tempo hati telH dipulangkan! Maka tin kosong yang ninggal! Berate wang yang ting gal ? Saya raise RMB 2 bil tinggal RMB 20mil! Aje mah!
Awaiting for updates here, now i have fully focus on 3 counters Amedia (undervalue), Etitech (RTO possible), and Ideal which has great chances and strong foundation. Sumatec temporary stay strong but not move fast. EG has news will push up to 1.00 ++, BTW, trade on your own risk, i just share what i observed and hope all of you be winner.
Further to our announcement made on 30 June 2014, the Board of Directors of CSL wishes to inform that Bursa Securities has via its letter dated 1 July 2014, rejected the Company’s application for a further extension of time of one (1) month from the Extended Deadline till 31 July 2014, for the issuance of 2013 AFS pursuant to Paragraph 9.23(2) of the LR. ps : Selamat Meninggal CSL
Old Chicken, EAH and HEXZA, tak boleh. Nanti kena jam like CSL. Cukai Satu Lagi. Better one ECONBHD. Sound like, look like, and smell like targetting at 0.90++. The chart look like piling up instead of piling down for a good foundation.
Adrian Yew, if delisted, 1st bang the head against something soft, not hard. 2nd find a better counter to gain back the lost. 3rd. if thing did not work out, well, welcome to Malaysia the land of unlimited possibilities.
bursa works for boss, dow jones work for shareholder. thats why bursa world largest casino dow jones world largest stock exchange. bursa = boss untung sahaja...
This reply from Bursa regarding my enquiry on the workers on strike.
CSL has informed Bursa Malaysia that some of its employees, who have been dismissed by Sakura (Fujian) Packaging & Stationery Co., Ltd, a wholly-owned subsidiary of CSL due to poor performance, have instigated other employees to go on strike and create disturbance in the vicinity of the factory. These employees have also lobbied for protection from the Labour Department.
The court case for a default of RMB1.8 million, as mentioned in your mail, was initiated by the dismissed employees and is now going through the mediation proceedings.
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Posted by Fam Jenny > 2014-07-01 08:34 | Report Abuse
The announcement mentioned that they managed to obtain the permission from the authorities to reissue the legal stamps for restructuring the the documents and applied for another one month to finalise their accounts.Now they are pending on Bursa permission to grant them another one month grace to avoid the one day suspension.
Accordingly to Bursa rulings the failure of submission of the a/cs, CSL will be suspended on the 8th July but it will be lifted on the following day.Hence another 6 months will be granted for them to submbit the a/cs and by the end of this 6th month if the a/c is not submitted,the delisting procedures will be initiated against them.