propose extended time to FYE jun'18 might as well discloses unable to submit its financial report for current financial year ended dec'17, had happened before when it slipped into PN17
Story after coming 18 months..... 1. Factory burned down again and without insurance coverage. 2. Bookkeeping destroyed as a result of fire. 3. Auditor unable to form any opinions as they are unable to conduct audit without documents and unable to certify bank account transactions and the remaining minimum balance. 4. Investigation is unable to be conducted as no records was available for investigation. This is just a story. Have a good day.
Legalised money game? Complicated laws. Laws mainly for good people anyway. Is interesting to write a case study for management subject or financial subject.
Base on majority rules, if almost all the Chinese firms listed here are not performing well due to various reasons, this most likely will follow suit. Good luck. This utmost is for speculative play.
All china company approved by SC, all gone burn. They never comment any so far, keep silent. always claim to protect minority interest.but subject to also ......
From above 1 riding the sharp falling curve to less than 5 sen. Good case study for management or financial subject with propose topic "Regulatory failure, market failure and governance failure".
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Posted by BIGAPETITE > 2017-08-21 13:02 | Report Abuse
propose extended time to FYE jun'18 might as well discloses unable to submit its financial report for current financial year ended dec'17, had happened before when it slipped into PN17