Latest Forum Topics / ChinaTaisan 1 |
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China Taisan
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Starship
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09-Jun-2018 00:06
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SGX instructs  China  Taisan to conduct special audit of itself FRI, JUN 08, 2018 - 6:21 PM THE Singapore Exchange (SGX) on Friday instructed troubled fabric maker  China  Taisan  Technology to appoint an independent special auditor to perform a cash audit of the company going as far back as 2014. SGX has also required that China  Taisan clear the terms of reference of the special audit with it. This should include a  review of the circumstances  surrounding the acquisition and payment of PPE (property, plant and equipment) expenditure of RMB160 million (S$33.3 million), including the valuation  report signed off by Fujian Mincai Certified Public Accountants on Apr 18. Last week, China  Taisan said in response to queries from SGX that its  current auditors are " concerned on the valuation of additional PPE in the amount of RMB160 million occurred in FY2017" . SGX has also asked that the special auditors review the circumstances surrounding the customer claims for defective goods in 2014, the acquisition and subsequent impairment of PPE in 2015 and 2016, and the write-off of VAT recoverables in 2015. SGX has also required that China  Taisan appoint a second suitable independent director, resident in Singapore. The company has until June 30 to comply with these instructions. https://www.businesstimes.com.sg/companies-markets/sgx-instructs%C2%A0china%C2%A0taisan-to-conduct-special-audit-of-itself   |
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ysh2006
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05-Jun-2018 19:21
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ysh2006
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04-Jun-2018 19:32
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Keep the thread alive to remind shareinvestors ....who loss money in China stocks. .
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ysh2006
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04-Jun-2018 17:32
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Did to check other China counters.....
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fatpanda
Supreme |
04-Jun-2018 15:22
![]() Yells: "Another wonderful day!" |
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" Singapore" is a " brand" that can be trusted undoubtly, and hope that this trust would not be spoilt one day.     
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Starship
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04-Jun-2018 15:15
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China Wolf  Hiding Among Sinkie Sheep ![]()
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fatpanda
Supreme |
04-Jun-2018 14:55
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The culprit was a " wolve in the sheep' s dressing" - Chinese national covered under Singapore citizenship. That' s why all kenna conned very jilat.   
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Starship
Supreme |
04-Jun-2018 14:40
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Directors all suddenly wake up after SGXRegCo publish new Directors blacklist for everyone to see .......... China Taisun' s board suspends trading on counter MON, JUN 04, 2018 - 8:43 AM UPDATED MON, JUN 04, 2018 - 10:04 AM TRADING in shares of fabric maker China Taisan Technology was suspended with immediate effect on Monday, after the board said the state of affairs of the company cannot be ascertained, given the developments in the ongoing audit. In a slew of regulatory filings released on Monday, China Taisan said the management is " still in the midst of preparing and completing the necessary works" for the annual general meeting (AGM).  China Taisan is looking to extend the deadline for which it can hold its AGM to  June 30, 2018. It added that as the management " is unable to fulfil the requests of the auditors for the valuation of PPE (property, plant and equipment) expenditure" , the board will take " necessary actions" to protect the interest of the company and shareholders. It further announced that its proposed subscription of additional shares has been pulled, as the Singapore Exchange (SGX) said the company has " unresolved audit matters" . The company had earlier proposed to issue 11.2 million new shares, but SGX' s rejection on May 31, 2018 led to the lapse in the subscription agreement' s long-stop date. The SGX  has quizzed the company, which has been on the distressed watch list for about a year, on various issues ranging from key boardroom appointments and departures to the valuation of certain assets to its financial books. In  June 2017, China Taisan' s independent auditors RT LLP cast significant doubts over the firm' s ability to continue as a going concern over its audited financial statements for the year ended December 2016. https://www.businesstimes.com.sg/companies-markets/china-taisuns-board-suspends-trading-on-counter |
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guards80
Supreme |
04-Jun-2018 14:06
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midas kenna conned very jialat.... some retired money and school fee saving also gone
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ysh2006
Supreme |
04-Jun-2018 13:51
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SCAM CHIP ?....Auditor fault again .....
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Starship
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04-Jun-2018 13:39
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By now, everyone should know why China stocks here are neamed S-Chips......... S stands for Scam
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fatpanda
Supreme |
04-Jun-2018 13:35
![]() Yells: "Another wonderful day!" |
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Big one in the recent hisotry... MIDAS! All kenna conned upside down. Especially the professional like auditor, watchdog, comany IDs, and the innocent retail investors.
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guards80
Supreme |
04-Jun-2018 13:28
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alot china stock without china name also scam
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guards80
Supreme |
04-Jun-2018 13:27
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hmm better dont invest china stock .
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ysh2006
Supreme |
04-Jun-2018 13:23
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So need to find those Sgx company with name start with " China" quickly sell away ....eg China Haida China Jishan, Aviation,Env,Env Res,Everbright,Goaxian Great Land Jinjiang, Bearing etc...
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qtrinity
Senior |
04-Jun-2018 10:25
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Another one going under? The SGX  has quizzed the company, which has been on the distressed watch list for about a year, on various issues ranging from key boardroom appointments and departures to the valuation of certain assets to its financial books. In  June 2017, China Taisan' s independent auditors RT LLP cast significant doubts over the firm' s ability to continue as a going concern over its audited financial statements for the year ended December 2016. https://www.businesstimes.com.sg/companies-markets/china-taisuns-board-suspends-trading-on-counter   |
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fatpanda
Supreme |
04-Jun-2018 09:52
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Another Chinese cheaters... Never ending S-cheat stories in SGX.  | ||||||||||||||||||||||||
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ysh2006
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04-Jun-2018 09:24
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Another China company got auditor problem ...Suspended ?![]() |
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SmallSmall
Supreme |
03-Mar-2016 10:37
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Sorry Wrong thread
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SmallSmall
Supreme |
03-Mar-2016 10:18
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