Posted by ladahitam > 2014-07-01 22:43 | Report Abuse

Suspension pending in 5 days

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.



As per the rejection letter dated 1 July 2014 issued by Bursa Securities and pursuant to Paragraph 9.28(5) of the LR, if CSL fails to issue the 2013 AFS within 5 market days from the expiry of the Extended Deadline (the last day of this 5 market days shall hereinafter be referred to as "the Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of CSL.



The suspension shall be effected on the market day following the expiry of the Suspension Deadline and shall be uplifted on the market day following the issuance of the 2013 AFS unless otherwise determined by Bursa Securities. As such, the suspension will be effected on 9 July 2014.



Pursuant to Paragraph 9.28(6) of the LR, if CSL fails to issue the 2013 AFS within 6 months from the expiry of the Extended Deadline, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against CSL.



This announcement is dated 1 July 2014.

Posted by Wow123 > 2014-07-01 22:59 | Report Abuse

Let why bursa never protect small investor , they just suspended , how about them who were holding their share ?

Posted by optimuss > 2014-07-01 23:07 | Report Abuse

the day has come. long overdue. pity those ppls keep buying and buying on the way down thinking they are bargain hunter.

Posted by devilnevercry > 2014-07-01 23:18 | Report Abuse

mampus ini kali lah CSL

Posted by calvintaneng > 2014-07-01 23:19 |

Post removed.Why?

Posted by Wow123 > 2014-07-01 23:20 | Report Abuse

Sekarang si lio loh , Chia Si Loh

Posted by AyamTua > 2014-07-01 23:22 | Report Abuse

Posted by calvintaneng > Jul 1, 2014 11:19 PM | Report Abuse

Found a gold mine? Stick with it. If you wander about from stock to stock - someday you will step on a land mine

TRANSMILE - TRANSFER YOUR SMILE TO THE CHEATING DIRECTORS

SAAG - SAGGING DOWN ALL THE WAY TO ZERO

KENMARK - KENA MARKED BY CONMAN

MAEMODE - IN CANTONESE - LOST UNTIL GOT NOTHING

LI QUA - IN CANTONESE - YOU DIE

CSL? WHAT DOES CSL STANDS FOR?

CATCH SOR LOW? OR CATCH STUPID LOAFERS?


-- my King Tudor has spoken................. let all jump into the Safety Net of EPMB !!!! kikiki

Posted by optimuss > 2014-07-01 23:23 | Report Abuse

CSL. Chai See Liao? or still boh chai see?

dont worry...it will only drop to 2 cents. then if u can wait 2 years it will be back door listing by another oil n gas. and u get back 10c.

Posted by AyamTua > 2014-07-01 23:23 | Report Abuse

Calvin Tan: dont forget.. patimas... ha..ha..ha

Posted by 改名字 > 2014-07-02 00:53 | Report Abuse

EAH!!! July 2 morning high chance gap up @ opening. Duduk there and watch.

Posted by 改名字 > 2014-07-02 01:23 | Report Abuse

Both EAH & CSL is 12 sen @ the end of 1H-2014. LET's SEE WHAT HAPPENED AFTER 6 MONTHS.

Posted by Alexofb2b > 2014-07-02 08:52 | Report Abuse

CSL, Bursa has given it another 5 trading days to submit Financial report, failing which will result in total Suspension following by delisting....

Posted by kct153 > 2014-07-02 09:03 | Report Abuse

没良心的商人

Posted by venomv > 2014-07-02 09:05 | Report Abuse

Bloodbath in CSL...panic Selling !!! How low can it go ???

Posted by persie > 2014-07-02 09:08 | Report Abuse

RUN as fast as you can. RUN........................!!!

Posted by leno > 2014-07-02 09:09 | Report Abuse

Just a reminder for those old amateur (old amateur = alreadi investing for so long but still amateur) - once delisted, there will be no AGM to attend for u to hentam the directors hor ... KAKAKAKAKAKAKAK .. if u plan to fly to fujian to find the directors, make sure u write down your will first hor .. u might never be found again.

Posted by caven101 > 2014-07-02 09:19 | Report Abuse

no hope already...........RUN

Posted by ladahitam > 2014-07-02 09:24 | Report Abuse

appeal against suspension just filed....

Posted by datuk > 2014-07-02 09:26 | Report Abuse

expected .....single digit in price. Now ....will it be heading to 1 cent....as claimed by me???? Ponder ! kikikiki

Posted by Alexofb2b > 2014-07-02 09:28 | Report Abuse

datuk , it will be 0.000001 lor, ===delisting

Posted by persie > 2014-07-02 09:31 | Report Abuse

If drop to 1 or 1.5c, can makan, delisting at 2.5c

Posted by Harold Huong > 2014-07-02 09:37 | Report Abuse

OOOOOOOOOOOOOOOOOOOOOOOOOOO

Posted by nomanland > 2014-07-02 09:38 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1673633

Posted by nomanland > 2014-07-02 09:39 | Report Abuse

Bursa rejected the extension.

Posted by Harold Huong > 2014-07-02 09:40 | Report Abuse

No 5000lot seller yet....

Posted by datuk > 2014-07-02 09:40 | Report Abuse

if earlier peers that already delisted can be learnt.....heading to 1 cent is inevitable.........worst still.....any suspension earlier than this TP......habis..... satu cent pun tak dek...kikiki

Posted by nomanland > 2014-07-02 09:50 | Report Abuse

CSL deserved to be delisted. Simple job. All documents should had scanner, archived, and stored off site in case of fire, idiot. Unless they have something to hide just like the old Court at KL where to store case files was burned once.

Posted by nomanland > 2014-07-02 09:51 | Report Abuse

Account can be manipulated. 2+2=5

Posted by clp72 > 2014-07-02 09:51 | Report Abuse

I feel for those who still has shares in this counter, I took the painful decision to cut loss 3-4 months ago and it looks like my course of action was the right one...

Posted by calvintaneng > 2014-07-02 09:54 |

Post removed.Why?

Posted by pyramidpoh > 2014-07-02 10:03 | Report Abuse

Why CSL cannot provide financial report.I don't know what happen to this company .Can someone give me up-todated information?

Posted by sephiroth > 2014-07-02 10:03 | Report Abuse

1 billion cash company on sale for 0.085, mali mali mali

Posted by leno > 2014-07-02 10:08 |

Post removed.Why?

Posted by Fam Jenny > 2014-07-02 10:08 | Report Abuse

Bursa has no rights to suspend CSL bcos it has not proven any malpractice as it can be sold in good faith.Their a/cs was burnt bcos of fire so Bursa should allow it to trade in order to protect the interests of existing investors who can initiate a legal action against it if the RMY1.8bln is real and their business is viable and functioning.After all the price has dropped to 8c.
According to Bursa ruling the suspension should be lifted on the following day and be granted for another 6 months for it to file its a/c and upon failure to submit its a/c,then a delisting should be initiated.
If the fire is genuine and Bursa doesn't grant the one month extension to CSL,Bursa does not only victimise CSL but the existing shareholders.
Bursa pls act with wisdom so that it is fair to all parties and for precaution you can put them under PN17 to warn others the dangers of buying before it can file the a/cs.

Posted by Fat Cat Tim Buddy > 2014-07-02 10:10 | Report Abuse

fam jenny still here!... kikikiki ^-^

Posted by Fam Jenny > 2014-07-02 10:11 | Report Abuse

Correction:.......initiate a legal action against it(BURSA) if the RBY1.8bln is real......

Posted by ladahitam > 2014-07-02 10:15 | Report Abuse

faith

Posted by Wow123 > 2014-07-02 10:17 | Report Abuse

If suspended , we can file legal act again bursa, bcos if fire is be sure
fire cast is correct.

Posted by leno > 2014-07-02 10:18 | Report Abuse

so ... do u trust a mental nutcase who has been asking ppl to buy at 30 sen all the way to 8 sen ... or u listen to the most Panlai Investor @ Leno who has been given out warning since CSL traded at above 30 sen.

Posted by Fam Jenny > 2014-07-02 10:18 | Report Abuse

No,I own only 5 lots to learn how the crooks operate in stock market so that I can be wiser than them

Posted by ggecko > 2014-07-02 10:18 | Report Abuse

ladahitam, faith will not be sufficient for a counter like CSL, if my memory still serves me well, i bought it last year at 1.13 and once it fell to 1.03; i disposed. just imagine if i still hold on to CLS shares till today about 9.5c; i wud have been digging my own grave then..

Posted by Wow123 > 2014-07-02 10:20 | Report Abuse

Like hongkong they have independent body to minitor time to time share counter. Right now bursa fail to protect , we file legal act to suspended
bursa counter.

Posted by ladahitam > 2014-07-02 10:23 | Report Abuse

faith to trade, I sold all at 12.5 and bought some yesterday at 11.5. Today made 500.00, bought at 0.085 and sold at 0.09. Now q at 0.085 -0.075

Posted by cosway > 2014-07-02 10:27 | Report Abuse

Nomaland,

Remember Transmile case, false accounts submitted for several yrs until co get burst. CEO & accounting directors all go to jail. Shares prices even goreng up to RM 14 then become nothing. Real sad story.

Posted by leno > 2014-07-02 10:30 |

Post removed.Why?

Posted by ladahitam > 2014-07-02 10:31 | Report Abuse

overall, if I look at my total realized gain in CSL is about 27,500.00. Yes, indeed I lost in the beginning, when I bought some at above 0.90, but over time, i had recover my loss and now, I only invest about 30k. if delisted now, i lose 2500.00 and not my rent money.

Posted by datuk > 2014-07-02 10:41 | Report Abuse

kikikikikiki..........hopeless and baseless comment!

Posted by nomanland > 2014-07-02 10:41 | Report Abuse

If the directors and shareholders still believe in CSL, they should BUY what ever price we SELL.
CSL, the price is lelong, please BUY to make us, the investors, happy!

Posted by wahihi126 Kikiki126 > 2014-07-02 10:41 | Report Abuse

Where is my 7sense ya?,

Posted by ladahitam > 2014-07-02 10:42 | Report Abuse

My intentions in partakings in such forums is not to peddle shares in companies but to share (pardon the pun) my trading patterns and whatever data I can dig up through my research and phone calls to the respective management. Nothing sentimental about it but Faith to trade. Always know that whoever sell to you or buy shares from you, is hoping they make money not you....