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Yamada Green Resources
09-08-2013, 12:07 PM, (This post was last modified: 09-08-2013, 12:10 PM by Stockerman.)
Post: #41
RE: Yamada Green Resources
Sam Goi is the winner. Because Yamada Green is a S-chip, he wanted a much larger amt of safety margin. Yamada gave in and offer him 12 cents (for 82.2 mil shares). Then Sam Goi felt unsecure. He managed to "convinve" (Con + Vince) Global Yellow to buy over some of his stake.
By doing so, Sam Goi has realized his part of gain and Global Yellow Page becomes the "last sucker" in the musical chair...

Very ingenuous or disingeneous move by Sam Goi (depending on how u might want to see it). Afterall, he is a "S-chip" himself too from Mainland China..


The most recent results showed that profit margin is being badly eroded since Yamada is just a price taker. There are many other Shitake growers in China. U can simply do a Google Serach..

Lower GP and GP margin mainly due to: (1) the lower yield resulted from unfavorable weather condition in the cultivation sites during October to December 2012. (2) the rising raw material cost of synthetic logs whereas the average selling price of edible fungi did not increase in tandem. Cost of synthetic logs had been on rising trend since year 2008 at a pace of approximately 10% year on year, whereas the average unit selling price of fresh shiitake mushroom are largely market driven.

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27-08-2013, 11:21 AM,
Post: #42
RE: Yamada Green Resources
Can we draw the same conclusion from what had happened at ChinaMinzhong?
How do we know if the sales are real? How do we check the inventories?

Yamada looks like it is going to break below 20 cents

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11-08-2014, 09:49 PM,
Post: #43
RE: Yamada Green Resources
On WSJ today, there is a case of couple convicted of personal information trafficking and in it, was quoted here " More recently, Chinese financial regulators classified as state secrets accounting data on locally based businesses, saying it was illegal to transmit certain auditing figures overseas even when the companies have stock listed outside China."

Is the MAS/SGX/ID able to track regulatory changes that may be in violation of Chinese law? The last nail on S chip listing.

Not only the books could be fake, there may well be a pattern of complicity on the Chinese government involvement? Now that they have our money, they can do all the ring fencing prevent damaging information from leaking out?

The whole chain of command in the government and their businessman are very questionable? It is impossible to do any legitimate business with the China Chinese. Perhaps it is easier to corrupt other country money as the China government protect them - now that is the real business of the China Chinese period!!

So much for putting IDs in listed S Chip - try getting information and you could well be prosecuted!!

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09-09-2017, 10:40 AM, (This post was last modified: 09-09-2017, 10:42 AM by weijian.)
Post: #44
RE: Yamada Green Resources
It started out innocently with a request to extend the time to release full FY results due to "high staff turnover in the finance team" and the external auditor needed more time to assess the losses due to the unfavorable weather conditions/rising temperature/rising costs/China slow-down.... before it escalated into an accident involving the truck that was transporting documents/IT equipment, thus destroying its cargo.

Voluntary suspension on 6 Sept 2017. No prizes for guessing what will happen eventually.


Yamada had been asking for money from the Market on an annual basis for last 4 years. There might be no more takers this year? The footprint is not dissimilar to the other companies that have blown up.

July2016: share placement at 0.29cts - raised 4.3mil

June2015: 1 for 2 rights issue - raised net 18mil

Aug2014: share placement at 0.16cts - raised 5.6mil

March 2013: share placement at 0.119cts (Popiah King) - raised 9.4mil

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09-09-2017, 10:47 AM,
Post: #45
RE: Yamada Green Resources
I wonder how much popiah king stake is worth now after all the dilution. Kudos to global yellow pages who decided to cut their loss after doing the placement with popiah king in 2013

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13-09-2017, 10:07 PM,
Post: #46
RE: Yamada Green Resources
Gyp is controlled by popiah king lah

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"♥ Taiwan"

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30-09-2017, 10:31 AM,
Post: #47
RE: Yamada Green Resources
Report by its auditors to the MOF

The Board wishes to separately inform that BDO Singapore had, on 25 September 2017, informed that it had made a confidential report (the “Report”) to the Minister of Finance (of Singapore) under Section 207(9A) of the Companies Act (Cap. 50) of Singapore (“Companies Act”) on 21 September 2017. Section 207(9A) of the Companies Act provides that, where an auditor of a public company or a subsidiary corporation of a public company, in the course of the performance of his duties as auditor, has reason to believe that a serious offence involving fraud or dishonesty is being or has been committed against the company by officers or employees of the company, he shall immediately report the matter to the Minister of Finance.

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04-10-2017, 03:01 PM,
Post: #48
RE: Yamada Green Resources
The setback is the latest in a series of unfortunate events that have beset Yamada.

Last month, it reported that a vehicle transporting finance documents and IT/computer hardware went up in flames somewhere in China's Fuzhou city on Aug 30, with the driver suffering minor injuries.

The vehicle was moving the documents and hardware from the group's research and development centre to its offices as part of an administration consolidation.

A preliminary check had found that many of the documents relating to the 2017 and 2018 financial years were among the papers affected or destroyed, Yamada claimed.

Consequently, management "commenced efforts to reconstruct or reproduce the documents affected but will require some time to do so". Under these circumstances, it said its audit for this year is expected to be delayed and the external auditor BDO may face certain difficulties in the finalisation of the audit of the group's financial statements for the year.

Auditor files report with MOF over Yamada audit
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