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if a halt does not have time to settle the issue they will get a suspension. Halt is for shorter term, suspension is for longer term..... the problem is when... Report said relatively soon... so just wail.. it is not collasped..... when lifting, it just need to request 30 mins before planned time.... Please read SGX rules...
investshare ( Date: 07-Dec-2020 12:59) Posted:
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i think the only way out for this 3rd party investor involvement which they say are underway, like what happen to SunMoonFood now.....
Expect the worst.
Has been on a downhill slide for donkey years.
Has been on a downhill slide for donkey years.
Hope supporters know the difference between halt and suspension.
Anyway, surprise to me that it can last so long.
Anyway, surprise to me that it can last so long.
actually it may not be the end of the die hard fans. either of the following may happen:-
1) huang managed to restructure with it' s creditors, but then again the same problem will be how will they get paid in the future.
2) given it' s premium in NTA over it' s share price, it is quite attractive if some other china companies willing to buy huang out. provided no fraud in the financials and huang willing to let go.
better than getting nothing.
1) huang managed to restructure with it' s creditors, but then again the same problem will be how will they get paid in the future.
2) given it' s premium in NTA over it' s share price, it is quite attractive if some other china companies willing to buy huang out. provided no fraud in the financials and huang willing to let go.
better than getting nothing.
tcctcc ( Date: 07-Dec-2020 08:10) Posted:
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thanks, sometimes when write and even if it is obvious, can get some other valuable info
TeoMark ( Date: 07-Dec-2020 09:20) Posted:
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Announcment already mentioned company requestig for suspension.
camelhump ( Date: 07-Dec-2020 09:18) Posted:
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I just wrote in to SGX asking them this, least that I couls do. These days they seem to respond fast.
Observers ( Date: 07-Dec-2020 08:54) Posted:
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So is who ask for suspension? Company or SGX? Suspension because cannot answer questions?
My condolences to the die hard fan of sino-g.
asked for suspension today
Don' t know. At least some changes ~~~
what happen to zhu jun？ he whislte bolw to the auditors?
smallsgshare ( Date: 05-Dec-2020 09:35) Posted:
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how come only sinog has this problem paying back their external loans? don't see other chinese companies making this excuse?
ronleech ( Date: 04-Dec-2020 13:42) Posted:
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RESULTS OF ANNUAL GENERAL MEETING
3) Mr Zhu Jun, who was not re-elected as a Director, will cease as the Executive Director of the Company. The Company will be reviewing the operational impact resulting from his cessation as the Executive Director of the Company, including his service agreement and job scope. Subject to the review, the Company has taken a position that Mr Zhu Jun currently is no longer considered a key management personnel of the Company upon his cessation as the Executive Director of the Company.
4) Mr Lai Jingwei who was re-elected as Director of the Company will remain as an Independent Director, Chairman of Nominating Committee and Member of the Audit and Remuneration Committees. Mr Lai Jingwei will be considered independent pursuant to Rule 704(8) of the Listing Manual of the SGX-ST.
5) There were no parties required to abstain from voting on the resolution relating to the matters set out in the notice of AGM dated 19 November 2020.
3) Mr Zhu Jun, who was not re-elected as a Director, will cease as the Executive Director of the Company. The Company will be reviewing the operational impact resulting from his cessation as the Executive Director of the Company, including his service agreement and job scope. Subject to the review, the Company has taken a position that Mr Zhu Jun currently is no longer considered a key management personnel of the Company upon his cessation as the Executive Director of the Company.
4) Mr Lai Jingwei who was re-elected as Director of the Company will remain as an Independent Director, Chairman of Nominating Committee and Member of the Audit and Remuneration Committees. Mr Lai Jingwei will be considered independent pursuant to Rule 704(8) of the Listing Manual of the SGX-ST.
5) There were no parties required to abstain from voting on the resolution relating to the matters set out in the notice of AGM dated 19 November 2020.
I think sure enter into suspension till the " relatively soon" restructuring of their creditor is sorted out... announcement looks very positive... with 600m RMB in bank.... payment defaulted due to restricted outflow of fund by China law.... sounded legid..... once settle might see it run up... tons of cash and recovery economic...just my own opinion
Hi can anybody share some specifics from the AGM and is there still a chance of suspention of the shares hence going concern ?
Any good news?
camelhump ( Date: 04-Dec-2020 09:33) Posted:
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ya, better now, lets hear more fr agm in 30mins more
ykjuay ( Date: 04-Dec-2020 08:41) Posted:
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Situation looked better now