China Minzhong Food Corporation

(29-08-2013, 10:21 PM)Ray168 Wrote: They are 2 parts:

1. Release fullyear report by today. (still waitng...)

2. Yes, I think the company will response point by point with evidents to support its proof, latest this week. So it can be by to Sunday mid-night....

We just need to be patient and wait for the management annoucement and its action. I think all the directors, legal team and SSH are working round the clock now.

Yes, a press conference will be good.

Have faith...

I think you have far more faith then I do, but thanks for the encouragement.

---

http://infopub.sgx.com/FileOpen/CMZ_FY20...eID=254517

http://infopub.sgx.com/FileOpen/CMZ_FY20...eID=254515

http://infopub.sgx.com/FileOpen/CMZ_FY20...eID=254516

Finally.

Only a slight mention of Glaucous.

Results are good, but are they real?

This is only part 1.... full year result.

Yes, at a glance the result look good. Need to study the number in details.

Still have to wait for part 2 which focus on rebuting the allegation.

(29-08-2013, 10:24 PM)Wildreamz Wrote:

(29-08-2013, 10:21 PM)Ray168 Wrote: They are 2 parts:

1. Release fullyear report by today. (still waitng...)

2. Yes, I think the company will response point by point with evidents to support its proof, latest this week. So it can be by to Sunday mid-night....

We just need to be patient and wait for the management annoucement and its action. I think all the directors, legal team and SSH are working round the clock now.

Yes, a press conference will be good.

Have faith...

I think you have far more faith then I do, but thanks for the encouragement.

---

http://infopub.sgx.com/FileOpen/CMZ_FY20...eID=254517

http://infopub.sgx.com/FileOpen/CMZ_FY20...eID=254515

http://infopub.sgx.com/FileOpen/CMZ_FY20...eID=254516

Finally.

Only a slight mention of Glaucous.

Results are good, but are they real?

Quote:In line with our efforts to reward our shareholders, we are pleased to propose our first dividend payout after listing, which amounts to S$0.01 per ordinary share.

Indofood should launch GO at a slight premium to S$1.12 to privatize China Minzhong. At 5x PE, it's a no-brainer deal.

(30-08-2013, 12:08 AM)minimax Wrote: Indofood should launch GO at a slight premium to S$1.12 to privatize China Minzhong. At 5x PE, it's a no-brainer deal.

What if CMZ is really a fraud?

I'm quite surprised by the strong performance of the beverage segment because according to China press reports, China Minzhong beverage sales sucks ball.

http://business.sohu.com/20130828/n385239670.shtml

Quote:早报记者询问多位从事蔬菜加工贸易及有机食品行业人士获悉，闽中食品目前主要业务仍有赖蔬菜出口，旗下饮料产品销售并不理想。一名蔬菜加工贸易人士向早报记者表示，目前国内从事蔬菜出口生意的企业非常多，但人民币升值给出口带来了负面影响。谈起对闽中食品的印象，该人士表示，“福建的企业总的来说，资本运作水平比较高，可能之前不怎么出名，但通过资本市场募资后，会一下子扩大规模。

Google Translated Version

Quote:Post reporter asked a number of processing trade in vegetables and organic food industry professionals informed, China Minzhong food businesses still rely mainly vegetable exports, its beverage product sales is not ideal. A vegetable processing business person to the Post reporter said that the current domestic enterprises engaged in vegetable export business very much, but the appreciation of the renminbi to the exports had a negative impact. Talking about food impression on China Minzhong, the source said, "Fujian enterprises in general, a relatively high level of capital operation could not very well known before, but fund-raising through the capital market, will all of a sudden expansion.

S-chips are truly enigmas wrapped in a puzzle wrapped in a riddle.

The Chinese are discussion about this too....This discussion thread on whether the scanned documents were obtained through proper channels? If not, it could easily be the WRONG documents that they have obtained! See: http://www.ptfish.com/thread-748697-1-1.html


Conspiracy theory against Chinese farming sector?
http://www.afinance.cn/new/smzx/201308/610088.html

(30-08-2013, 12:12 AM)desmondxyz Wrote:

(30-08-2013, 12:08 AM)minimax Wrote: Indofood should launch GO at a slight premium to S$1.12 to privatize China Minzhong. At 5x PE, it's a no-brainer deal.

What if CMZ is really a fraud?

That is Indofood's problem. They die, their business. Caveat emptor.

(30-08-2013, 11:59 AM)morten Wrote: The Chinese are discussion about this too....This discussion thread on whether the scanned documents were obtained through proper channels? If not, it could easily be the WRONG documents that they have obtained! See: http://www.ptfish.com/thread-748697-1-1.html


Conspiracy theory against Chinese farming sector?
http://www.afinance.cn/new/smzx/201308/610088.html

I noticed that too. There is really something wrong here.

Minzhong updated their Chinese website:

1)http://www.chinaminzhong.com/newsinfo.asp?id=91
(evidence of Glaucous forgery (?) of official documents, with more expository)

2)http://www.chinaminzhong.com/newsinfo.asp?id=92
尤权赴福建省闽中有机食品有限公司参观调研
(You Quan, Communist Party Chief of Fujian province and Chairman of Fujian People's Congress, site visit 28th August 2013)

3)http://www.chinaminzhong.com/newsinfo.asp?id=90
莆田市工商局，您可以做点什么的！——由电影《入侵华尔街》想到的
(A commentary by a Chinese blogger)