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Tell me which China man company listed in Bursa is unlike of CSL GNB and MSPORT?
How can Bursa protect market participants by delisting problematic company? Those shareholder who is still holding after delisted, they will have no way to seek help. Even if they sell in the market before delisted, they will just pass their shares to next innocent investors.
Dear all, I had previously warned that the truth can be very ugly and painful as what had happen with Xingquan. Be prepared for it. Anyhow the truth will set us free so that everyone can move on. I did not expected it to come to this as I still keep hoping that at least the CSL Independent Directors and External Auditor seem to be man of integrity and trying to do their jobs professionally. (If bank balance is real just prove it with forensic audit) I cannot believe that the Independent Directors just resigned on the first sight of troubles and betray trust given to them and their responsible as independent directors. It looked like the external auditor is keen to carry out the tasks as demand by BURSA but Executive Chairman cum CEO Mr. Chan Fung is not giving his cooperation or most likely already disappear into thin air as of what had happen to Msport Executive Chairman Lin Huozhi and CEO Lin Liying
The CSL will be suspended from trading on 5th December 2017. Thereafter CSL will remain suspend till CSL response and carry out all the tasks requested by Bursa. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5611937 After certain lapse of time then BURSA can take Public reprimand and imposed maximum allowable Penalties for breach of listing regulation/requirement on non-published of financial report on CEO and Independent directors. As a last resort, if the CEO still refuses to response and comply with listing regulation/requirement and after repeat reminders then Bursa will delist CSL from Bursa Listing. CSL will become private limited company and existing shareholders will still remain as shareholder of this private limited company. SC will come in to start a criminal fraud investigation if evident can be gathered of such accounting fraud was committed by the CEO. SC can apply an extradite request thro’ Interpol to bring Mr. Chan Fung to face trial in Malaysia Court.
As I say before I only hold a small position in CSL. I will make my own decision as of what to do with it? Similarly you have to make your own decision. Lastly as I say before: “Do not be too mean and unforgiving with ourselves, it is always best to learn from other people mistakes but life is such ironic that sometime we need to learn the painful lessons ourselves. Anyhow what did not destroy us will make us stronger.” Take care Thank you
...still hoping the cash is real and just prove it with forensic audit...my goodness. ...how can you so unreasonable to the controlling shareholder when you expect the price only 10% to the cash???
If you are in the position of fatty Chan...SS LEE will you let this happened and do nothing about it for such long period????
You answer will mirrored your level of mentality....you will be an intelligent blind if deep inside your heart always trying to think others are stupid .....
Your current fate in csl is reflection of your egotism!
KLSE must appeal and write to Mr.Xi of China for a UMA why they abuse our stupidity for their benefits....killing so many innocent investors who trusted them.. ..
Anyway, I don't intent to insult others but with noble intention to provide alternative view in our quest to enhancing our logic faculty. It's only with that...our future result in investment can closely associated with our thinking.
the whole episode is about BOD performs its fiduciary duties.. in this case, official reason given was "cant find the directors?..." it's so hard to swallow..
kikikiki..... penipu2 Fujian semua sama tujuan-lah, kutip billions2 dari IPO; lepas takda QR dan sekarang tunggu delist sahaja! manyat2 pandai.....kikikiki
Go Genting play Tai Sai? Buy CSL at 0.5 sen, immediately park to sell at 1 sen. If done, make 100% profit If not done, lost 100% Believe it could be better than going up to Genting ma Anyway, a 50-50 chance you make or lose. Same as going up to Genting...........
ks55 -- Directors going to burn down their office again. This time they will make sure even the back-up electronic copy of account also completely destroy. Then they will take Q from XinQuan not able to produce QR. Get suspended, and ultimately delisted.
Typical China Conman's MO.
Sell tomorrow morning at 6 sen. At least can have 6 plates of nasi ayam and China teh ais for ever 1000 CSL shares........ 22/06/2017 23:46
May God help us all... or may the great grand generous of China help us all in the quest to help fulfil enriching people life with great grand positivity for the greater good of all.. it will be the greatest karma or reflection of life or what comes around goes around in the world have ever seen like the bitcoin phenomenon where currently the greatest grand booming the world have ever seen.. increase surge almost above 80,000% profit even Robert kiyosaki trying to learn this bitcoin.. is it gonna be a bigger crash than before?
Dear all, I just wonder all those self-proclaim know all ever attended any AGM and confronted the BOD for the truth to be told or follow up with external auditor, independent directors, BURSA or SC to stop such fraud practices if he strongly believes of so many red flags indicating fraud. http://klse.i3investor.com/blogs/kianweiaritcles/139592.jsp Please do not further insult us, we are not stupid/Sochai but of cause as human being have our moment of weakness and foolishness. Please let us the shareholders of CSL some space to decide on what to do with our holding and mourn our monetary loss with dignity and respect. Lessons learned Thank you
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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....
Mioxi
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Posted by Mioxi > 2017-11-27 17:21 | Report Abuse
CSL....PUI.....PUI