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China Sunsine Chemicals Holdings
17-08-2017, 08:49 PM,
Post: #861
RE: China Sunsine Chemicals Holdings
(09-08-2017, 09:48 PM)weijian Wrote: Hi all, a few things for clarification and my thoughts/replies:

(1) The meeting was cordial and no "lawyer letter" or any sort was mentioned.

(2) @HitandRun, the meeting was arranged at hustle and wasn't actually an "analyst briefing". Retrospectively, you wouldn't want to invite more OPMI shareholders who will most probably stand with the 3 IDs (1 lawyer and 2 auditors) against 1 lone person! Big Grin

(3) I didn't ask how they manage to pick up my post. My educated guess is that more than a few shareholders (and have direct access to them) in this forum bought this up to Benny Lim. At least 1 of the IDs (I can't remember who) confessed that they don't go to forums or blog of any sort.

(4) Take note that i had offered a personal apology for the "wording", but my opinion hasn't changed. You could google Benny Lim on Bloomberg to check out his full CV. To his full credit, he has mentioned to me that as ID, he is ready to stand up to scrutiny and i applaud him for that.

(5) It is not CSC's Mgt, but its BOD that is in consideration here. One thing i do find out of the norm would be Benny Lim inviting the other 2 local IDs into the call - i would infer that there is close communication/transparency between the working IDs of CSC based on this observation.

(6) @piaopiao, i am glad to get your respect. On the contrary, i believe this is a good thing for investment forums like valuebuddies and its forumers - (1) This demonstrates the importance of using facts and thinking twice before posting. One needs to be ready to back their own posts. This is 1 of the attributes that will differentiate valuebuddies against the other sharing platforms. (2) As forumer Karlmarx mentioned, the importance of a platorm to share info.

Thanks ....
1) How did they establish/prove their identity over the phone to ensure you were really talking to the correct people? 
2) Did Mr Benny Lim explain anything on ZIWO as that was one of the point in this thread? 
3) I guess the other 2 IDs are not related to ZIWO then what is the need of their presence in the call.

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17-08-2017, 09:33 PM, (This post was last modified: 17-08-2017, 09:34 PM by weijian.)
Post: #862
RE: China Sunsine Chemicals Holdings
(17-08-2017, 08:49 PM)banker Wrote:
(09-08-2017, 09:48 PM)weijian Wrote: Hi all, a few things for clarification and my thoughts/replies:

(1) The meeting was cordial and no "lawyer letter" or any sort was mentioned.

(2) @HitandRun, the meeting was arranged at hustle and wasn't actually an "analyst briefing". Retrospectively, you wouldn't want to invite more OPMI shareholders who will most probably stand with the 3 IDs (1 lawyer and 2 auditors) against 1 lone person! Big Grin

(3) I didn't ask how they manage to pick up my post. My educated guess is that more than a few shareholders (and have direct access to them) in this forum bought this up to Benny Lim. At least 1 of the IDs (I can't remember who) confessed that they don't go to forums or blog of any sort.

(4) Take note that i had offered a personal apology for the "wording", but my opinion hasn't changed. You could google Benny Lim on Bloomberg to check out his full CV. To his full credit, he has mentioned to me that as ID, he is ready to stand up to scrutiny and i applaud him for that.

(5) It is not CSC's Mgt, but its BOD that is in consideration here. One thing i do find out of the norm would be Benny Lim inviting the other 2 local IDs into the call - i would infer that there is close communication/transparency between the working IDs of CSC based on this observation.

(6) @piaopiao, i am glad to get your respect. On the contrary, i believe this is a good thing for investment forums like valuebuddies and its forumers - (1) This demonstrates the importance of using facts and thinking twice before posting. One needs to be ready to back their own posts. This is 1 of the attributes that will differentiate valuebuddies against the other sharing platforms. (2) As forumer Karlmarx mentioned, the importance of a platorm to share info.

Thanks ....
1) How did they establish/prove their identity over the phone to ensure you were really talking to the correct people? 
2) Did Mr Benny Lim explain anything on ZIWO as that was one of the point in this thread? 
3) I guess the other 2 IDs are not related to ZIWO then what is the need of their presence in the call.

hi banker, my replies as below:

(1) I got BL's email and contacted him.
(2) BL talked about ZIWO's customer claims and stated that it fully passed all the audits and lawyer checks.
(3) The other 2 IDs didn't say anything much when ZIWO was been discussed. Their own request was to make it very clear not to link ZIWO with CSE.

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19-08-2017, 12:47 PM,
Post: #863
RE: China Sunsine Chemicals Holdings
On 10 May 17, Sunsine announced sale of treasury shares and stated that "The net sales proceeds of approximately S$17.5 million will be retained by the Company for payment of dividends in the future."

Recently, there was intense debate on how Sunsine can pay dividends from the share sale proceeds.

Yesterday, Sunsine paid out 0.5 S'pore cent as interim dividend, and followed up with an announcement that "The use of Net Proceeds as stated above is in accordance with the intended use as stated in the Company’s announcement on 10 May 2017."

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