CEFC (Formerly Sun East)

CEFC International Limited, an investment holding company, engages in trading of petrochemical, and fuel oil and petroleum products. It has operations in Singapore, Hong Kong, Japan, Malaysia, and the People’s Republic of China. The company was formerly known as Sun East Group Limited and changed its name to CEFC International Limited in August 2012. The company was incorporated in 2004 and is headquartered in Singapore. CEFC International Limited is a subsidiary of Singapore Petrochemical & Energy Development Pte. Ltd.

http://www.straitstimes.com/business/com...are-surges

Mata kanna forced to show hands after 2 weeks...

A SGX report on the company recent abnormal trading activities...

SGX urges caution when dealing in CEFC shares; notes small number of
offshore accounts accounted for 40% of recent buying

Singapore Exchange (SGX) today notes CEFC International Limited’s 10 August announcement of a placement of
about 705 million shares at $0.35 each. This follows the company’s 21 July reply to SGX’s public query, saying that
it was not aware of any information about the company that was not previously announced, apart from a
potential joint venture and related funding, which if known might explain the trading activity in its shares. SGX
issued a Trade with Caution warning after CEFC’s 21 July reply.

The share placement followed the increase in the price of CEFC shares from $0.034 on 10 July 2015 to $0.3650 on
6 August 2015. During this period, SGX issued 2 public queries to CEFC including the one mentioned above.
SGX reviewed the trading activities in CEFC shares during this period and observed that buying volume was
concentrated in a small number of offshore accounts. Together, these accounts accounted for more than 40% of
the total traded volume during the period.

SGX is reviewing CEFC’s announcement and the trades in its shares, and will work with the relevant regulatory
agencies to pursue actions to maintain a fair, orderly and transparent market.
Shareholders and potential investors should exercise caution when dealing in the shares of CEFC International
Limited.

http://infopub.sgx.com/FileOpen/20150814...eID=365061

wah mata on the ball...

(14-08-2015, 10:14 AM)CityFarmer Wrote: A SGX report on the company recent abnormal trading activities...

SGX urges caution when dealing in CEFC shares; notes small number of
offshore accounts accounted for 40% of recent buying

Singapore Exchange (SGX) today notes CEFC International Limited’s 10 August announcement of a placement of
about 705 million shares at $0.35 each. This follows the company’s 21 July reply to SGX’s public query, saying that
it was not aware of any information about the company that was not previously announced, apart from a
potential joint venture and related funding, which if known might explain the trading activity in its shares. SGX
issued a Trade with Caution warning after CEFC’s 21 July reply.

The share placement followed the increase in the price of CEFC shares from $0.034 on 10 July 2015 to $0.3650 on
6 August 2015. During this period, SGX issued 2 public queries to CEFC including the one mentioned above.
SGX reviewed the trading activities in CEFC shares during this period and observed that buying volume was
concentrated in a small number of offshore accounts. Together, these accounts accounted for more than 40% of
the total traded volume during the period.

SGX is reviewing CEFC’s announcement and the trades in its shares, and will work with the relevant regulatory
agencies to pursue actions to maintain a fair, orderly and transparent market.
Shareholders and potential investors should exercise caution when dealing in the shares of CEFC International
Limited.

http://infopub.sgx.com/FileOpen/20150814...eID=365061

A highly speculative stock...

CEFC International says no agreement yet in ongoing talks on potential JV

SINGAPORE (Aug 18): CEFC International, the trader of petrochemical and petroleum products, says “no definitive terms or formal legal documentation” have been reached in respect to the ongoing talks on potential joint ventures the group said it has been involved with.

On Aug 14, the Singapore Exchange advised shareholders and potential investors to exercise caution when dealing with shares of CEFC.

The regulator noted that CEFC had announced on Aug 10 its placement of about 705 million shares at 35 cents each.
...
http://www.theedgemarkets.com/sg/article...tential-jv

Very intriguing, came across this as I wanted to find out more about the company. Thought i'll share it here. (currently not vested)

http://www.visegradgroup.eu/czech-chines...oon-160210

CEFC International Limited is pleased to announce that the Company is engaged in discussions with a party to acquire equity interest in a European company that currently owns certain oil and gas distribution network, logistics and storage facilities in Europe in the mid- and downstream areas.

No binding agreement in relation to the Potential Acquisition Project has been entered into at this stage. Discussions in respect of the Potential Acquisition Project are ongoing and no definitive terms or formal legal documentation have been agreed at this stage.

(21-03-2016, 04:11 PM)swang107 Wrote: Very intriguing, came across this as I wanted to find out more about the company. Thought i'll share it here. (currently not vested)

http://www.visegradgroup.eu/czech-chines...oon-160210

Very interesting read. Doesn't seem like a simple company, much more driven politically than economically. Seems like the private arm to get energy security for china. Can be called upon to do things that the govt can't do.

F

(08-04-2016, 11:07 AM)alex Wrote:

(21-03-2016, 04:11 PM)swang107 Wrote: Very intriguing, came across this as I wanted to find out more about the company. Thought i'll share it here. (currently not vested)

http://www.visegradgroup.eu/czech-chines...oon-160210

Very interesting read. Doesn't seem like a simple company, much more driven politically than economically. Seems like the private arm to get energy security for china. Can be called upon to do things that the govt can't do.

Yes, the likelihood that Ye Jianming is a 'princeling', probably related to Ye Jianying (https://en.wikipedia.org/wiki/Ye_Jianying) is fascinating. In addition to indirectly being the largest shareholder of SGX listed CEFC, he is also the Chairman of CEFC China (https://en.wikipedia.org/wiki/CEFC_China_Energy). It is telling that all these links are transparent without the need to hide behind offshore entities (ref recent Panama Papers leak). One can only conclude he and his family has massive political and commercial influence. 

If the purpose is mainly to execute energy security policies overseas, that the govt can't do, they won't do it as a listed company. And definitely not as a S'pore listed company. 

I can only guess at the intention behind setting up a listed company on SGX, with similar logo and similar names (to CEFC China). And the reverse takeover timeline, completed just as Xi Jinping embarked on a one-belt-one-road foreign policy.

End of the day, as a speculator/investor. Can i profitably ride this proxy?