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mikethong88 Elite	08-Apr-2021 17:09        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	actually i sold at 0.088 today becos of the rmb145m issue xiaodi      ( Date: 08-Apr-2021 16:53) Posted: I strong conviction jiutian... Going long term.. Is Mike anyhow spook so he can buy low from those who dump? Hahaha grateful      ( Date: 08-Apr-2021 16:21) Posted: Read the announcement carefully lah... don' t anyhow spook leh!  See extract below: The carrying value of the non-trade receivable from an associated company, Anyang Jiujiu Chemical Technology Co. Ltd (&ldquo Anyang Jiujiu&rdquo ) amounted to RMB145,000,000. This constituted 10% (2019: 12%) of the Group&rsquo s total assets as at 31 December 2020. Anyang Jiujiu is the project company for the Sodium Hydrosulfite facilities. Management performed an expected credit loss assessment of the amount due from Anyang Jiujiu using the expected credit loss model. In determining the credit loss allowance, Management evaluated the financial background and credit risk of the associated company, the corporate guarantee provided by Anyang Chemical Industry Group Co. Ltd (&ldquo Anhua&rdquo ) as well as the timing of expected cash flows for recovery of the receivable. Subsequent to the end of the financial year, the Group entered into an arrangement with Anhua (&ldquo Arrangement&rdquo ) for the settlement of the amount due from associated company of RMB145,000,000, in conjunction with the Group&rsquo s expansion plan. The completion of the Arrangement is subject to further feasibility study of the Group&rsquo s expansion plan and due diligence to be carried out. Management expects that the Arrangement would be completed within the next 12 months. The Company will provide further details regarding the Arrangement in subsequent announcements in accordance with the Listing Manual Section B: Rules of the Catalist of the Singapore Exchange Securities Trading Limited at the appropriate juncture. After considering the measures described above, the directors and the management believe that the amount due from Anyang Jiujiu of RMB145,000,000 is recoverable therefore no further credit loss allowance is required in the amount due from Anyang Jiujiu.
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mikethong88 Elite	08-Apr-2021 17:06        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ha ha ha i dont
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mikethong88 Elite	08-Apr-2021 16:33        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	so is this a good news? grateful      ( Date: 08-Apr-2021 16:21) Posted: Read the announcement carefully lah... don' t anyhow spook leh!  See extract below: The carrying value of the non-trade receivable from an associated company, Anyang Jiujiu Chemical Technology Co. Ltd (&ldquo Anyang Jiujiu&rdquo ) amounted to RMB145,000,000. This constituted 10% (2019: 12%) of the Group&rsquo s total assets as at 31 December 2020. Anyang Jiujiu is the project company for the Sodium Hydrosulfite facilities. Management performed an expected credit loss assessment of the amount due from Anyang Jiujiu using the expected credit loss model. In determining the credit loss allowance, Management evaluated the financial background and credit risk of the associated company, the corporate guarantee provided by Anyang Chemical Industry Group Co. Ltd (&ldquo Anhua&rdquo ) as well as the timing of expected cash flows for recovery of the receivable. Subsequent to the end of the financial year, the Group entered into an arrangement with Anhua (&ldquo Arrangement&rdquo ) for the settlement of the amount due from associated company of RMB145,000,000, in conjunction with the Group&rsquo s expansion plan. The completion of the Arrangement is subject to further feasibility study of the Group&rsquo s expansion plan and due diligence to be carried out. Management expects that the Arrangement would be completed within the next 12 months. The Company will provide further details regarding the Arrangement in subsequent announcements in accordance with the Listing Manual Section B: Rules of the Catalist of the Singapore Exchange Securities Trading Limited at the appropriate juncture. After considering the measures described above, the directors and the management believe that the amount due from Anyang Jiujiu of RMB145,000,000 is recoverable therefore no further credit loss allowance is required in the amount due from Anyang Jiujiu.  xiaodi      ( Date: 08-Apr-2021 15:51) Posted: Assuming 10000RMB/ton, Rmb 145 million is 14,500 tons of dmf went missin
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mikethong88 Elite	08-Apr-2021 15:51        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ha ha ha tritonyeah666      ( Date: 08-Apr-2021 15:21) Posted: bye mike, no one cares about your opinions or noise you make.
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mikethong88 Elite	08-Apr-2021 15:01        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	initially i thought is rmb 1.45 millions then shock of my life as rmb 145 millions.
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mikethong88 Elite	08-Apr-2021 14:57        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	better to be safe than sorry. unless willing to lose whatever invested. TraderBen      ( Date: 08-Apr-2021 14:56) Posted: indeed.. i am out at 0.088.. bought in 0.086 months back now got abit of profits take a run 1st.. rather end up with nothing..i go search for other counters to buy alrdy.. BYE. mikethong88      ( Date: 08-Apr-2021 14:41) Posted: Rmb 145 millions is no jok
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mikethong88 Elite	08-Apr-2021 14:41        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rmb 145 millions is no joke TraderBen      ( Date: 08-Apr-2021 14:33) Posted: i think better run..
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mikethong88 Elite	08-Apr-2021 14:29        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	scare of magic xiaodi      ( Date: 08-Apr-2021 14:22) Posted: China style of accounting.. Magic! mikethong88      ( Date: 08-Apr-2021 12:23) Posted: rmb 145 m = S$29m. may 2021 earning will solve? no need to account for the unaccounted missing figure
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mikethong88 Elite	08-Apr-2021 12:24        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	seen bad experience with china ops before. superstartup      ( Date: 08-Apr-2021 11:55) Posted: Not surprise. China Ops.   mikethong88      ( Date: 08-Apr-2021 10:13) Posted: now how to solve the Rmb 145m?
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mikethong88 Elite	08-Apr-2021 12:23        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	rmb 145 m = S$29m. may 2021 earning will solve? no need to account for the unaccounted missing figure? xiaodi      ( Date: 08-Apr-2021 11:45) Posted: Coming May earnings will solve it? mikethong88      ( Date: 08-Apr-2021 10:13) Posted: now how to solve the Rmb 145m?
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mikethong88 Elite	08-Apr-2021 10:13        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	now how to solve the Rmb 145m?
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mikethong88 Elite	07-Apr-2021 16:43        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	wow deep pocket tritonyeah666      ( Date: 07-Apr-2021 16:35) Posted: Loaded 800 lots at 0.090
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mikethong88 Elite	07-Apr-2021 12:16        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	expansion plan maybe xiaodi      ( Date: 07-Apr-2021 11:22) Posted: Anyone attending EGM? Any idea what is it going to be on? Expansion? xiaodi      ( Date: 07-Apr-2021 11:19) Posted: https://zoom.us/webinar/register/WN_Kaj4pAFtQO-pUeBKRZww3A
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mikethong88 Elite	06-Apr-2021 18:18        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	wow bro u pushed up one ah? lol guards80      ( Date: 06-Apr-2021 17:08) Posted: Close 187 master yuan guards80      ( Date: 06-Apr-2021 16:29) Posted: Later close 187/188 ok
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mikethong88 Elite	05-Apr-2021 22:47        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes bro. need to break 0.21 convincing then to the moon guards80      ( Date: 05-Apr-2021 22:43) Posted: Dont need worry. Rex have many license still have norway. Tmr going break 210 liao mikethong88      ( Date: 05-Apr-2021 22:24) Posted: oil reserves so easily run out ah? ha h
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mikethong88 Elite	05-Apr-2021 22:24        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	oil reserves so easily run out ah? ha ha SAVIORFOREVER      ( Date: 05-Apr-2021 22:21) Posted: Current oil reserves going to run out soon if Rex still cannot find new oil. Will kind BBs push up further for longs to take profits? Trade with caution no contra no short and DYODD mikethong88      ( Date: 05-Apr-2021 22:04) Posted: u think so
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mikethong88 Elite	05-Apr-2021 22:04        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	u think so? SAVIORFOREVER      ( Date: 05-Apr-2021 21:39) Posted: Push up to dump? Trade with caution no contra no short and DYODD
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mikethong88 Elite	05-Apr-2021 18:14        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	. hopefully this time round is the moment of truth. boyboy61      ( Date: 05-Apr-2021 17:59) Posted: too many false dawns already, hopefully this will be the real thing mikethong88      ( Date: 05-Apr-2021 16:57) Posted: be paiience bro.
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mikethong88 Elite	05-Apr-2021 17:42        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	sure will break guards80      ( Date: 05-Apr-2021 17:34) Posted: Wait for break 210
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mikethong88 Elite	05-Apr-2021 16:59        mikethong88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	be patience bro eagleeyes1989      ( Date: 05-Apr-2021 16:57) Posted: no short covering unlike SMM.. boring man rex
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