No problem all of you bull123, datukkung, candygirl, sexmaker, sulaiman5591, yipman, Arrifin.......all can come to Muar or here. I one person can whack you all 9696 as my record has shown
Posted by Kannibu > Apr 5, 2014 08:53 AM | Report Abuse The other company that did the same fire claims is LCHEONG. But in the second fire claim, the insurer Hong Leong Assurance refused to pay and the two are now fighting the case in the High Court of Seremban. The last trial was on April 2, 2014. Look at LCHEONG shares price now, 0.185 !
Can't wait to see if Liihen insurer declines the claim
Stock: [HEVEA]: HEVEABOARD BHD Mar 4, 2014 04:19 PM | Report Abuse http://klse.i3investor.com/blogs/marketpulse/47536.jsp After reading Jholow's article above which is the second top article in i3, I am convinced I made the right choice switching my investment from Liihen entirely to Hevea.
More convinced now than in February, after witnessing the SECOND fire in the company.
Posted by tjhldog > Apr 7, 2014 06:45 PM | Report Abuse X No problem all of you bull123, datukkung, candygirl, sexmaker, sulaiman5591, yipman, Arrifin.......all can come to Muar or here. I one person can whack you all 9696 as my record has shown
Now I add one more natuk with New lesen in my pocket, LOL
Posted by ChanKengChungKuantan > Apr 8, 2014 10:05 AM | Report Abuse Stock: [HEVEA]: HEVEABOARD BHD Feb 24, 2014 11:32 AM | Report Abuse Slowly selling my big holding in Lii Hen to this
Posted by natukgoh > Apr 8, 2014 12:18 PM | Report Abuse Real one is one of the top shareholder of liihen
A check with the Annual Report confirmed Chan Keng Chung is one of the top shareholders in Liihen. He himself has said he is selling out Liihen on Feb 24.
Some more want to defend the sinking ship now the top shareholder also cabut liao ?
Published: Tuesday April 8, 2014 MYT 12:00:00 AM Updated: Tuesday April 8, 2014 MYT 7:10:22 AM
Lii Hen relocates some production to another facility near its factory
PETALING JAYA: Lii Hen Industries Bhd said it has relocated some of its production to a facility nearby after its factory in Muar, Johor, caught fire last Thursday.
It told Bursa Malaysia in a filing that its subsidiary – Lii Hen Furniture Sdn Bhd – had rented a production plant at Plo 47, Bukit Pasir Industrial Estate from another subsidiary, Favourite Design Sdn Bhd, which has a production line available for use.
Favourite Design had in January shifted its main operations to a newly completed plant at GM347, Lot 1915, Mukim of Sungai Raya, Muar, Johor. Lii Hen Furniture resumed operations yesterday at the rented premises, which covers about 70% to 80% of capacity.
Arrangements have been made to outsource the balance 20% to 30% of capacity to sub-contractors, the company said.
That mean the factory that was razed by fire was occupied by Lii Hen Furniture (the main subsidiary which covered 20.39% of total lamehen turnover and 21.63% of lamehen group net profit). The move to Favourite Design old production line can only recover 80% of their yield with the balance having to depend on outsourcing. It is therefore safe to conclude that this fire will dampen lamehen profitability and revenue going forward until the fire claims are settled and new replacement lines and building are up.
So expect an ugly financial performance for 2014 from this lame and limping hen
bull123, datukkung, candygirl, sexmaker, sulaiman5591, yipman, Arrifin, latukgoh, natukgoh, ship3.......the list can go on and I am waiting here with my whacking bats. LOL
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....
tjhldog
966 posts
Posted by tjhldog > 2014-04-07 18:41 | Report Abuse
Haha another new id. Datukkung diappeared now come another Latuk with L lesen. LOL