China Essence

[pianist]

hmm which makes me wonder - is sgx announcement suppose to work like a mailbox - garbage in garbage out. sgx seems to act like a postman as well keke

[xlandjy]

Can someone total up the total amount of Singapore dollars being squandered by PRC companies listed here. It must have hit multi billions.

Sad to see that some former MPs, Permanent Secretaries sat on the board of some of these companies.

[d.o.g.]

Sad to see that some former MPs, Permanent Secretaries sat on the board of some of these companies.

Having someone with a good resume sitting on the board doesn't mean anything. Ex-politicans and ex-civil servants do not necessarily have any useful experience that the company can use. Personally I view these directors as equivalent to cake decorations - nice to look at, but no actual relationship to the quality of the cake (company).

I don't usually pay attention to who sits on the board unless I recognize someone with a checkered record there e.g. Lim Seck Yeow, and now Lai Seng Kwoon, in which case it is a huge red flag.

[pianist]

i think is good if forumers here can compile a so called 'bad-guy' list of directors/ceos in the corporate world so that we small investors can look for.

[Underdogger]

CEO came up with HK $12mil from his own pocket to assist with the partial repayment of CB.

This really shows the sincerity of the CEO who is really to break his neck to help company

It also goes to show that he has confidence in his own company

[Underdogger]

CEO came up with HK $12mil from his own pocket to assist with the partial repayment of CB.

This really shows the sincerity of the CEO who is really to break his neck to help company

It also goes to show that he has confidence in his own company

[Musicwhiz]

CEO came up with HK $12mil from his own pocket to assist with the partial repayment of CB.

This really shows the sincerity of the CEO who is really to break his neck to help company

It also goes to show that he has confidence in his own company

Have closed the other thread on CBs issued by China Essence to prevent double-posting.

From now on, kindly post all China Essence related material in this thread, thanks.

[xlandjy]

Why the need to use his own money? I thought the delay was caused by the unusual long time due to Chinese new year by the authorities to release his funds. Chinese New Year has been over for one full month, is he trying to say that modern China takes one month to clear just a couple of million sing dollars?

[k23153]

Why the need to use his own money? I thought the delay was caused by the unusual long time due to Chinese new year by the authorities to release his funds. Chinese New Year has been over for one full month, is he trying to say that modern China takes one month to clear just a couple of million sing dollars?

The delay was apparently caused by CNY AND there being no money to pay with, in that order. So first they couldn't get approval, then they couldn't find money. It's quite silly.

Are they more honest with themselves? Is there someone who will say: Boss, we have no money to pay our bills and our clients may not pay up either any time soon. What shall we do?

Then there is the question of when the suspension is supposed to end.

[Curiousparty]

this is one goner counter if the management still does not want to come clean...

If company is facing cashflow issue, it should not use fund transfer delay as a "cover up"...
Soon the suspension may translate into a total delisting....what is this likelihood?

But then Chairman came up with his own money, well it does lend some credibility to the company...
but given the low starch price, Q4 is going to be another bloodbath for the company...

Can the company recover their receivables fast enough? The amt of receivables has ballooned to the highest in the history of the company...