If you're not publishing false statements, why don't you forward your evidence to the Securities Commission or Bursa? Do you not feel responsible for frightening small investors into selling their Hevea shares at panic prices, so you can grind your axe? Are you certain Hevea's earnings for the Dec quarter will reflect the "damning concerns" you raised?
2-3 BENZ is SERIOUS ISSUE lar ... this is call abuse of shareholders stake. U no read the small letters ... after 3-5 years, the company will give the cars to directors for free.
Overpaying for toilet papers can be serious too as they have many staffs (thousands?) and they bangsai everyday...in long run the figure can be very big...
The toilet paper expenses, if snowballed over a period of time can be big too...its also kind of abusing stakeholders' interest...big robbery started with small theft...
Robert dont thank me for my tips on the toilet paper matter...quick quick zoom into it and take some photos on their toilets so as to make your next article more explosive...I found that the response is getting lesser on your recent few postings...do something....
If u dig further u may even find some ugly truth behind the handsome boss.....
Maybe the Boss never flush after bangsai???!! Take some photos and I think market sure will react to this uncivilised matter...maybe Hevea will limit down......
to be frank, Marcus is a sell side analyst. He was previously given a positive coverage on Hevea. Im not saying he is, but there is always a chance that he can also being biased if CIMB has the opportunity to grab some corporate exercise opportunities from Hevea down the future. And again, even if he has clarified the matter with Hevea mgt. Well it is like asking the barber if you need haircut, of course the mgt will tell you everything is fine but you have to read between the line.
And think Robert as the Short-Only Hedge Funds kind of person. Around the world there are so many short-only funds targeting stocks that are controversial, especially accounting discrepancies, just like what happened to Airasia previously. Just a fact of life, 2 sides of a coin. Thats investing.
Thank u Robertl for the opportunity to buy cheap. But by releasing allegations that can be refuted so easily, I think u have just lost all credibility. May I suggest that u read reports from professional short sellers like Muddy Waters, Iceberg Research to see how the pros do it?
Think Enron, before the scandal blew up, im sure if you question this used-to-be one of the most respected companies in US, you probably gonna get death threat. Not saying Hevea is Enron, but that's the joy of investing.
What if the Boss take back the free ones home senyap senyap leh??? More serious then..somebody must lodge a police report if that really happens...abusing stakeholder's interest...
Ou ya I am sitting beside u during the luncheon at Lampachi Restaurant at Pavilion, I heard you telling to your mofo that u wanna scare all the retailers away...
wait a minute..what so big deal about stranded? Its not like a tsunami came n wiped out everything... Cannot sell meh? Cant we take it as an excess inventory?
This announcement is made in relation to the article published in TheEdge Financial Daily on 13 January 2016) titled “HeveaBoard rebounds as allegations against it dismissed” in relation to certain articles posted by certain parties on an online stock investor portal known as I3investor recently: (a) “HEVEA, Internal Cracks Emerging” dated 6 January 2016; (b) “HEVEA: 700 Containers Stranded in Korean Port” dated 7 January 2016; and (c) “HEVEA” Ingenuity Accounting (Bomb No.1) dated 10 January 2016. The contents made in those articles are untrue, defamatory and malicious in nature. The Company states the following:
1. It is business as usual at the Company and its subsidiaries (collectively, the “Group”).
2. Business operations of the Group have not been interrupted as a result of the allegations contained in the abovementioned articles.
3. The civil suit (“Suit”) filed in the High Court of Malaya in Seremban (“Seremban High Court”) in September 2014 is a suit brought under Section 181 of the Companies Act 1965 by the minority shareholders of HeveaWood Industries Sdn Bhd (“HeveaWood”) against the majority shareholders of HeveaWood (i.e. Yong Kian Seng @ Yoong Tein Seng, Yoong Hau Chun, Tenson Holdings Sdn Bhd, Firama Holdings Sdn Bhd and HeveaWood Industries Sdn Bhd). The minority shareholders alleged that they have been oppressed by the majority shareholders, and non payment of dividends by HeveaWood was one of the allegations made. On a separate note, the Company had not paid any dividends during the financial years ended 2009 to 2012 due to its financial position during that period of time. HeveaWood should not be confused with the Company. HeveaWood is a substantial shareholder of the Company and is a private limited company. This Suit had been decided by the Seremban High Court in favour of the majority shareholders. The minority shareholders have subsequently filed an appeal against the decision of the Seremban High Court. As the Suit does not involve the Company and is at the shareholders’ level, it is a private matter and there is no legal requirement for the Company to make any announcements to Bursa Malaysia Securities Berhad on the same. The Suit has no bearing on the governance of the Company.
4. As for the allegation of 700 containers of the Company being stranded in a port in South Korea in October 2015 due to non-conformance of quality standards, the Company reiterates that this is untrue. The South Korean authority had changed its standard of panel products from E2 boards to E1. As South Korean E1 testing standards differed slightly, the Company had decided to delay its shipment to South Korea pending clarification on new testing standards applicable to its products. As of to-date, this matter has been resolved. 5. In respect of the allegation of ingenuity accounting in that there were discrepancies between the amounts owed by related parties to HeveaWood and the amounts owed by the Company to related parties, the Company understands that in addition to the amount owing by the Company to HeveaWood, there are other amounts due from other related parties to HeveaWood. Hence, the alleged discrepancies. The amount owing to HeveaWood by the Company is intended to be repaid in 2016. The Company reserves all rights to take legal steps
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lzz88
136 posts
Posted by lzz88 > 2016-01-13 15:42 | Report Abuse
Robertl you go sleep lah..