Posted by lcteh88 > 2017-12-04 21:12 | Report Abuse

Director resigned and ran away ! No direction to CSL now. It is the same as a headless dragon ! Of course, this dragon is about to be handicapped and start knocking here and there.

Posted by Mohd Fahmi Bin Jaes > 2017-12-05 00:13 |

Post removed.Why?

Posted by Wow123 > 2017-12-05 09:07 | Report Abuse

This Fatty Fei Chai Ceo already Con us even SC & Bursa

Posted by Wow123 > 2017-12-05 09:09 | Report Abuse

Should log report in China on crime against Si Fei Chai Ceo Chan Fung

Posted by Ryotan11 > 2017-12-05 23:17 | Report Abuse

GG

Posted by newbie2014 > 2017-12-06 16:28 | Report Abuse

What will happen to csl in suspension now?

Posted by ckk916 > 2017-12-06 18:31 | Report Abuse

Csl can buy now ?

Posted by Uncle_Lim > 2017-12-07 00:38 | Report Abuse

delist already lo

Posted by Bigbrother > 2017-12-07 12:17 | Report Abuse

buy a new hope at anzo

Posted by AyamGoreng > 2017-12-07 13:40 | Report Abuse

kikikiki..... syarikat dari Fujian Jinjiang semua penipu lah, mari sini bohong kita punya duit sahaja!

Posted by TheMiddle > 2017-12-07 16:01 | Report Abuse

Fatty chan disappear, no heavy buying at low price.I think something happens which out their control .

Posted by Wow123 > 2017-12-07 19:11 | Report Abuse

I think factory over there in china not belong to CSL

Posted by newbie2014 > 2017-12-09 17:23 | Report Abuse

Anyone still holding, share to us what now? Attend meeting in secret?

Posted by Airapi Dir > 2017-12-09 20:40 | Report Abuse

Change of Company Secretary

Posted by wellend > 2017-12-10 19:34 | Report Abuse

someone please help me. i have many stock stuck in CSL. what should i do?

Posted by sparkrider > 2017-12-11 12:45 | Report Abuse

@wellend CSL is delisted..that mean all stock value is equal to zero...tissue paper

Posted by Wow123 > 2017-12-11 15:40 | Report Abuse

Look like money game company listed here and investor gets con by Si Fatt Chai Ceo

Posted by freddiehero > 2017-12-11 16:08 | Report Abuse

? tis counter die..

Posted by Sslee > 2017-12-11 20:38 | Report Abuse

Dear wellend,
Refer to Bursa Announcement:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5611937
(i) to have its 3rd Quarterly Report for financial period ended 30 September 2017 reviewed by its external auditors prior to its issuance.
The scope of the review shall take into account, but not limited to, the following:-
(a) Assess and verify the material litigations involving CSL's subsidiaries, namely Sakura (Fujian) Packaging & Stationery Co., Ltd, Sakura (Fujian) Plastics Enterprise Co., Ltd and Ruiyuan (Fujian) Enterprise Co., Ltd and ascertain its financial impact to the Company;
(b) Verification of CSL's existing cash and bank balances; and
(c) Verification of CSL's trade, other receivables and revenue.
(ii) to have the advertisement expenses amounting to RMB146.2 million for financial year ended 31 December 2016 be reviewed by the external auditors.
Hereinafter (i) and (ii) be collectively referred as ("the Outstanding Information")
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5617561
The failure to issue the above Third Quarter Results is due to the following reasons:
1. unable to obtain confirmations from third parties (i.e. bankers, debtors, creditors, courts in China etc) to perform verification checks in relation to all litigation cases involving the subsidiaries of CSL;
2. unable to contact the two remaining directors i.e. Mr Chan Fung @ Kwan Wing Yin and Mr Angus Kwan Chun Jut. Hence, no Board of Directors' meeting is held to approve the Third Quarter Results; and
3. unable to undertake the necessary assessment on the impact to the CSL’s financial statements and its operations without the issuance of legal opinion report by Zhi Jun Law Firm of Fujian.
At this stage, CSL is unable to ascertain the target date to issue and release its Third Quarter Results to Bursa Securities.
Pursuant to Paragraph 9.28(5) of MMLR, if CSL fails to issue the Third Quarter Results within 5 market days after the expiry of the Timeframe (the last day of this 5 market days shall hereinafter be referred to as “Suspension Deadline”), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of CSL.
The suspension shall be effected on the next market day following the expiry of the Suspension Deadline and will be uplifted on the market day following the issuance of the Third Quarter Results, unless otherwise determined by Bursa Securities. As such, the suspension will be effected on 11 December 2017.
Pursuant to Paragraph 9.28(6) of the MMLR, if CSL fails to issue the Third Quarter Results within 6 months from the expiry of the Timeframe, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against CSL.

After 6 months suspension period if CSL still cannot issue the Third Quarter Result the Bursa will as a final resort take, de-listing procedures shall be commenced against CSL. And can issue Public Reprimand and penalties (Max RM 1 million fine with interest commence from date of fine) on the Director for breach of BURSA listing regulation/requirement.
After delisting CSL will be a private company and you will become a shareholder to this private company which in fact is an empty company. So be prepared for total loss.
SC will come in to start a criminal fraud investigation if evident can be gathered of such accounting fraud was committed by the CEO/director/Auditor. SC can apply an extradite request thro’ Mutual Legal Assistance with China to bring Mr. Chan Fung to face trial in Malaysia Court.

Thank you

Posted by Sslee > 2017-12-11 20:39 | Report Abuse

Dear all,
To all the victims of Red Chip Companies, I had made numerous complaints to BURSA and SC. Personally meet with BURSA and SC several times to follow up with my complaints and seek their advice any redress or class action for compensation I can took. Hand in a petition letter to His Excellency Ambassador of China Dr. Huang resident. Meet with Chinese trade Secretary Mr. Fang Tao in Jalan Ulu Kelang Ampang. And with frustration wrote in address to SC Chairman Tan Sri Ranjit Ajit Singh and SC's Chief Regulatory Officer Foo Lee Mei,
It is very clear by now that many of the RED CHIP companies listed in Bursa Malaysia are Scammers come after our Malaysian millions. May I ask who should play the roles of Scam Buster and protest the integrity of Bursa Malaysia and to take the necessary precautionary measures in order to prevent investing public falling victim to these malicious scams?
Will Securities Commission Malaysia and Bursa Malaysia play the roles of SCAM BUSTER and steadfastly carry the sacred responsibility of investor protection?
What I get is following reply:
“Thank you for your email below.
We take cognizance of your concerns on the companies mentioned below and your complaint has been escalated accordingly.
However, please be advised that we are restricted by law from disclosing information obtained in the performance of our regulatory functions. Therefore, we are unable to disclose the status of our review on the companies mentioned.
Nonetheless, please be informed that should Securities Commission Malaysia (SC) discovers any breaches of securities laws, appropriate action will be initiated against the person(s) in breach, and such information may be made public either via SC’s website or by way of a press release.”

It looks like SC and BURSA is taking actions now but it is a little bit too late too little. Justices will be served someday we just need to have patience. As of whether any victims can hold External Auditor, IPO or RI Promoter/Banker accountable and take up a class action lawsuit against them for gross negligence? And thus claims compensation from them? Any Advocates and Solicitors are most welcome to give their advice?
Or perhaps someone can find a political solution by complaining to MCA complaints bureau Chief Michael Chong, or organize a demonstration in front of China Embassy to shame the China Government into action?
Thank you

Posted by celaka > 2017-12-11 22:02 | Report Abuse

kutuk

Posted by Mypickers > 2017-12-11 22:08 | Report Abuse

Not my pick

Posted by TheMiddle > 2017-12-12 15:15 | Report Abuse

Nothing much we can do, keep complaint and wait...

Posted by Lovely > 2017-12-12 22:56 | Report Abuse

Hello anybody, just a simple** simple question.
.
Where can I find the ***comsumer products***, such as folder, plastic cover, file made CSL??
.
Which vendor, or bookstore I can find that? Anyone please answer this.
.
WHERE IS THE PRODUCT?

Posted by TheContrarian > 2017-12-12 23:06 | Report Abuse

I think CSL only manufacture hell notes.

Posted by Fam___Jenny > 2017-12-13 18:55 | Report Abuse

Agree. I think they should request the auditor to VERIFY THE PRODUCT in addition of bank balance and advertisement expenses.

hheee from CSL annual report, got beautiful products, and yet no body in this form ever can verify any book store (physical, or online), selling the SAKURA plastic folder, etc. etc... hehehe

Posted by Fam___Jenny > 2017-12-13 18:57 | Report Abuse

Hi, calvintaneng, can you show me any store selling CSL'S product?
...
List in Malaysia and yet did not sell their product in Malaysia, hip hip hooray.

Posted by noah > 2017-12-13 19:33 | Report Abuse

call my friend in beijing to help look out for this brand.
and the answer is , you guess it.

Posted by lcteh88 > 2017-12-14 00:42 | Report Abuse

R.I. P CSL . Luckily , I did not invest in it .

Posted by Wahahahaaha126 > 2017-12-14 20:51 | Report Abuse

eh, each year 3 BILLIONS of REVENUE.... selling "CONSUMER PRODUCTS"->
...SAKURA FILES, PLASTIC FOLDERS, etc.....
/
3 BILLIONS of SALES eh, which ebay, or TAOBAO, or LAZADA, or local book stores,
?
I can find those SAKURA files, FOLDERS, eh?? Where eh ??

Posted by Mioxi > 2017-12-19 16:52 | Report Abuse

Ss lee...it's indexed unrealistic daydream!

Historically, all ponzi schemes occurred in Europe and USA....Like tulip mania, Boston tea...nothing could be done except all stupid greedy cried with no tear!!! If term of scale....csl is a peanut compared to the above ponzi scheme!!!!

Posted by Mioxi > 2017-12-19 16:56 | Report Abuse

Blame yourself....for your own stupidity and thank your earlier sharpness in encountering csl diamond. ...sochai. ..still wanted others to take action on behalf to safeguard your interest? ??? This is a joke of millennium! !

LOL

Posted by Mioxi > 2017-12-19 16:58 | Report Abuse

Continue your holding in csl. ...shareholder...wow....don't playful...no shareholder meeting..no agm. ..
Nothing....emptiness!

Posted by Mioxi > 2017-12-19 16:59 | Report Abuse

If sold at 6 cents...earlier....better than now

Posted by Crazy11223 > 2017-12-19 22:02 | Report Abuse

CSL is second Huaan, latest information CSL will release the qtr report, PN17will remove, who bought iy ,,,congratulations

Posted by sparkrider > 2017-12-19 22:14 | Report Abuse

Csl is delisted...not PN17..ALL ur money is equal to zero..pls face reality..

Posted by Mioxi > 2017-12-20 09:36 | Report Abuse

All independent directors had resigned, can't find replacement to fill finance position for such a longer time, unable to contact all executive directors and was told evaporated into sky and untraceable.......ex auditor claimed basic financial documents in un reconciliation status....


Still daydream for csl to submit ...it's equivalent to strike supreme Toto tonight...the chance is 1 to trillion.

God blessed you

Posted by Mioxi > 2017-12-20 09:41 | Report Abuse

Be realistic....considered csl already kaput...reserve the energy to concentrate on not to repeate the same mistake again in future. Perhaps, by conducting a complete post mortem for reshaping toward superior future investment mentality is a better option now!

Posted by Mioxi > 2017-12-20 09:46 | Report Abuse

Investment decision that made solely on financial information without applying simple common sense is tantamount to walking across river by stepping on crocodiles line-up systematically awaiting the victims

Posted by alenac > 2017-12-20 09:47 | Report Abuse

Let this be a lesson to those who are greedy and to the authority who allow such a company to list. Maybe shareholders should take a class action against bursa and SC.

Posted by Mioxi > 2017-12-20 13:08 | Report Abuse

Is there any difference between a share with cash on hand sold at 10% of its cash value against a money games that offer 10% of monthly return to the investors ????

Both are offering superb return only attracted to 'smartest' blinded and greedy arrogance. ...but scary away those average laymen as that offered tak masuk akal. ..surely a scam ..

Posted by Mioxi > 2017-12-20 13:17 | Report Abuse

Invested in tak masuk akal scam and with guarantee predictable failure outcome....now expect authorities to rescue you and questions why allowing such scam in the marketplace ...I think this behaviour is tak masuk akal for second times.

The law of nature won't permit tak masuk akal to survive in her nature jungle

Posted by Mioxi > 2017-12-20 13:18 | Report Abuse

It's bound to be eaten alive!

Posted by Mioxi > 2017-12-20 13:19 | Report Abuse

Csl already kaput...chapter closed! Forever!

Posted by celaka > 2017-12-20 15:45 | Report Abuse

CSL Kaput , but DIRECTOR Kaya

Posted by Airapi Dir > 2017-12-21 07:50 | Report Abuse

CNI ok Maju bersama

Posted by Crazy11223 > 2017-12-29 20:45 | Report Abuse

CSL buka balik 23_1_2018

Posted by Airapi Dir > 2017-12-29 21:19 | Report Abuse

:)

Posted by celaka > 2017-12-30 14:06 | Report Abuse

haha , buka apong ke ?

Posted by Crazy11223 > 2018-01-02 20:31 | Report Abuse

Confirm 23-1, relisted