China YuanBang

[cloud_soon]

Sell down to 7cts ?!?

[pianist]

director kuik see juan passed away on 31 dec new year eve, anyone knows what happened bo? he was 71yo

[CityFarmer]

China Yuanbang's chairman resigns, still under investigation

SINGAPORE (Jan 26): China Yuanbang Property Holdings ( Financial Dashboard) says Chen Jianfeng has resigned as chairman and executive director.

Chen, who cited "personal reason" for the decision, was appointed chairman and executive director in December 2006.

His last day of service was Jan 23.

Chen, 51, has been detained by authorities in Shenzhen since December and is helping with investigations into "certain private matters" that are not related to China Yuanbang, according to a statement from the developer last week.

The Guangzhou-based company said it has not received any legal documents from any government authority relating to the probe and is not aware of the nature of the investigation.

China Yuanbang incurred a net loss of RMB24.7 million ($5.3 million) in the quarter ended Sept 30. It earned RMB20.6 million in the same period a year earlier.

China Yuanbang shares rose 6.3% to 6.8 cents last Friday.
http://www.theedgemarkets.com/sg/article...estigation