i won't eevn touch this company since there're almost 100 % turnover in the management staffs for past 4 years. Management changed few times and so do all the executives.
Just only recently the new Management on board turn the company over and we haven't have proven profitable results to starts with.
Nothing big just some agreement with all the listed property companies to supplied stone based and stonewares under the Chinese brand and also credit facilities to those listed companies.
Whether the level of acceptances by these listed companies to use their stone based wares is another issues.
Vendors financing to all the big listed properties companies in Malaysia in the tune of hundred of million.
If the financing is supplied of stone based products without any upfront payment, there are financial risks to the company. Legal entanglement could happened and drags for years. I wonder if this happens, can the company weathered this phenomena and how it could affects the China counterpart partner that supplied the products to them.
with the VFA, revenue of 34mill p.a. scaled to conservative <1 bill, what is t exponential? then with a favorable iron clad T&C...T only question is the dilution of shares to vendors, what r t benefits or carrots to existing shareholders??? boon or bane, let time decides
someone texts me that it had turned to gold...wah you are hoping for diamond...b careful in case it is zirconian...all the best on t 28th if vol persist...platinum will prevail
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....
Kc Choy
333 posts
Posted by Kc Choy > 2015-09-15 23:42 | Report Abuse
additional 8 mou signed in forshan.... new business model....viable oppurtunity in a downturn economy?