Hi Robert. Thank you for your information,true or false ? can you show us the proof copy of the legal documents & the export permits to Korea.I am interested to know further.
pingdan, hold your anger lah. You also never check the fact. Heveawood is NOT even a subsidiary of Hevea lah. So your accounting comment is like barking at the wrong tree, Lol
Robert, you wrong aim on the stock lah. You should aim some stock with less faudemental 1. In this case, you just like throw a small stone to the tanker, nothing will happen. Some more more investor like us to prepare a big basket waiting durian fall down, haha.
Hevea : Amount due to related partY as Item 19, clearly indicate that Hevea owed ONE outsider company which is related to them but not in shareholdings (i.e. subsidiaries or associate company). This can be a company where the shareholders can be the COMMON SHAREHOLDERS in both companies, that is why they are RELATED.
In this case, Yong Hau Choon is a common shareholder of both Hevea and Heveawood. The same go for Dato Loo because he too, is a common shareholder of both Hevea and Heveawood.
You seem to take it that unless the loot destroy entirely the shareholders value, then it is only a seriou ones. No doubt, RM 2.3m to you may be loose change, but a crime is a crime and the quantum was never a consideration.
Our PM can robbed RM2.6b from us, does not mean if the court convicts him, he will be punished a lot longer than a man who robbed only RM2.3m. That is the law.
OTB, can you please repeat the reply from Hevea management on the court case and Korean consignment. Many of them have not read because you only post in one Hevea forum and the writer has it removed, i think. For the benefit of all those who has not read the reply and to counter false rumours, please repeat them in all Hevea forum, which i think there are at least 3 of them. We must not allow lies to prevail. Thanks
Blog comment on HEVEA, Internal Cracks Emerging 亿维雅,股东内鬨 Author: robertl | Publish date: Wed, 6 Jan 2016, 02:38 PM
Ooi Teik Bee
Dear valued readers in I3,
I understand many of you are so worried about your investment in Hevea. In order to help you all, I take the initiative to write to Hevea management to clarify 2 items here.
1 - Court case 2 - 700 containers of reject (Actual is 700 m3 not containers).
Below are the answers to both items.
1 - Court case.
The court case is involving our minor shareholders in HeveaWood claiming no dividends after many years despite HB gave limited dividends. We are unable to pay as we have a loan governance to pay borrowers first. The case was won twice but the plaintiffs still brought it to appeal court. This is non issue if we pay up all loans in June this year.
2 - 700 containers of reject (Actual is 700 m3 not containers).
We had an issue that 700m3 of our PB to Korea were held up in Korean port over quality problem last October due to wrong testing method. This is resolved after our protest, our test, local labs, and Korean labs subsequently prove us right. The results are better that requirements. Thus all cargo cleared.
Dear valued readers, I am not siding any party here. I just get the explanation from Hevea management so that all my subscribers are happy with my explanation.
Since I have the answer, I hope to share with all readers here. If you do not believe, please ignore it.
I am not asking you to buy or hold the shares, final decision is yours.
despite all the bad reporting and local/global stock market weakness, Hv price remain resilient...less than 10% off its all time high...still no sign of selling by many of its big shareholders...we shall see whether this support would continue or not...short term shareholders would of course want 'em to push the counter to another new all time high before CNY
Good luck...and whether Hv shareholder or not, wishing all a prosperous new year ahead!
i believe OTB and other big stock investment sifu isnt going to waste anymore of thier time reading this squealers article let alone replying to it. Heveaboard mgt has issued official clarification and file with Bursa. they wont be entertaining this rat here anymore. this rat just need a stage and audience. outside this page, he is just a squealing rodent
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Posted by leno > 2016-01-08 16:26 | Report Abuse
funny thing is ... why u sound so unhappy when the price is comin down ? err ... err ..... HAHAHAHAHAHAHAHAHAHAHAHAH !!