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SGX announcement nos-0006
REQUEST FOR TRADING HALT
another extension to 31 Dec 2013 to release the Financial report.... very suspicious.... not vested....
CHINA PAPER HOLDINGS LIMITED
(" Company" )
(Incorporated in Bermuda)
(Company Registration No. 34994)
EXTENSION OF TIME TO ANNOUNCE THE COMPANY’S FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED
31 DECEMBER 2012 AND TO HOLD THE COMPANY’S ANNUAL GENERALMEETING
The Company has on 22 Februa ry 2013 been informed by the Singapore Exchange Securities Trading Limited
(“SGX-ST”) that it has no objections to the Company’s application for an extension of time to: (i) 30 June 2013 to
announce its financial statements for the financial year ended 31 December 2012 (“FY2012”) and (ii) 31 October
2013 to hold its annual general meeting for FY2012 (“AGM”), subject to:
(a) the Company announcing the period of extension granted, the reasons for seeking the extension of time
and the conditions as required under Listing Rule 107
(b) submission of a written confirmation from the Company that the waiver does not contravene any laws and
regulations governing the Company and the a rticles of association of the Company
(c) submission of a written confirmation from the Company that it is not aware of any information that will
have a material bea ring on investors’ decis ion which has yet to be announced by the Company and
(d) the Company convening the AGM by 31 October 2013 subject to approval of the same from the relevant
regulatory authority in Bermuda (where applicable).
The Company is also expected to provide regular updates via SGXNET announcements to inform its shareholders
on the matters related to the fire incident at the Company's office premises in South Part, Jianshe Road, Cangshan
County, Linyi City, Shandong Province, PRC (as announced previous ly on 17 December 2012 and 18 December
2012) (“Fire Incident”) , including the progress of reconstruction of the Company’s financial records.
Reason for Seeking Extension
The Fire Incident had resulted in the destruction of its financial records for financial period ended 31 December
2011, partial damage to the financia l records for the first eightmonths of 2012, and severe damage to the financial
records from September to November 2012. The Company es timates that it will take approximately four to s ix
months to reconstruct its financial records for the relevant periods (“Estimated Reconstruction Period”). The
extensionwas sought after taking into account the Estimated Reconstruction Period, as well as the amount of time
the auditors of the Company will require to undertake their audit subsequent to the records being reconstructed.
Progress of Reconstruction of Financial Records
The Company has since completed sending written requests to its customers and suppliers for copies of relevant
invoices and transactional records. The Company has also responded to numerous calls from these customers and
suppliers with their queries, and have had its personnel visit their premises to help identify the copies of invoices
and transactional records needed. Due to the year end and lunar new year festive holidays, some customers and
suppliers have yet to respond to the Company's requests, and the Company intends to follow up with them.
Subsequent to the reconstruction, the Company's auditors will also, where applicable, contact the Company's
customers and suppliers as well as the local tax authorities for verification purposes, which is expected to involve
substantial work on the auditors' pa rt.
The Company has since taken cautionary measures to prevent s imilar incidents from occurring. It has engaged an
electrical company to assess the compatibility of the existing wiring system with the Company's power supply
system, andwhere advised by the electrical company, has replaced components which may pose potential risks. In
addition, the Company has installed a backup host computer to maintain its financial records.
Page 2
Submission of Confirmations
The Company will be following up with the submission of the aforesaid confirmations to the SGX-ST.
By Order of the Boa rd
Chen Yong
Executive Chairman
25 February 2013
Keep extending announcement date, later become suspended like China Hongxin because of financial irregularity.
Be careful.
take note !
very strong breakout at 4cts. shd see 6cts very soon...
Trading volume has increases on over last few recent day....good move by players
sengsk ( Date: 07-Feb-2013 23:26) Posted:
Totally agreed with you !
Breakout 0.041 shd be very fruitful gain.
think2profit ( Date: 07-Feb-2013 21:19) Posted:
Look like it is going to break out strongly. Anyone follow this? |
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may cross 4 cts decisively over next few days. Watch out closely.
sengsk ( Date: 07-Feb-2013 23:26) Posted:
Totally agreed with you !
Breakout 0.041 shd be very fruitful gain.
think2profit ( Date: 07-Feb-2013 21:19) Posted:
Look like it is going to break out strongly. Anyone follow this? |
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Totally agreed with you !
Breakout 0.041 shd be very fruitful gain.
think2profit ( Date: 07-Feb-2013 21:19) Posted:
Look like it is going to break out strongly. Anyone follow this? |
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Yes, that is the nature of speculative counter. VALUE is nothing to its investment consideration, merely volume and volatility are its prime mover factor!
teeth53 ( Date: 07-Jan-2013 08:39) Posted:
| Classical case -some players win due to speculating play even Co acct paper is burn. |
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Look like it is going to break out strongly. Anyone follow this?
Think. Players is collecting @0.039, for now...remember to sell into strength - short term play oni.
Think, China man got alot of $$$ to collect, Sell into strength n buy on weakness.
teeth53 ( Date: 05-Jan-2013 21:08) Posted:
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Classical case -some players win due to speculating play even Co acct paper is burn.
Paper @cost to print, was wondering Y, players play, push n dump - isit?. see Mon - how?. Getting interesting...as always speculating play.
They just did it with this SGX announcements.
China_Paper_Profit_Guidance_5_jan_2013.pdfysh2006 ( Date: 05-Jan-2013 17:59) Posted:
| I supposed profit warning how to " cheong" ??.... pushed up to run ?all the account books burned last month how to trace ?.....maybe need to print money to bring back account good ? |
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Don play play, right timing is ok, wrong timing, sure kena burnt one...paper mah - can easily kena burn.
MISCELLANEOUS
:: Profit guidance in relation to the company's financial performance for the three months and financial year ended 31 December 2012
China_Paper_Profit_Guidance_5_jan_2013.pdf teeth53 ( Date: 05-Jan-2013 19:34) Posted:
Truth truth, as always some players win n some loss, but is better more players win.
teeth53 thot - Just sharing info with players to take note, is ur $. Ultimately it's a personal choice.
Nopainnogain ( Date: 05-Jan-2013 13:19) Posted:
All,
Please take note... when ..rally over .. ppl will recall the fire incidence. |
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Truth truth, as always some players win n some loss, but is better more players win.
teeth53 thot - Just sharing info with players to take note, is ur $. Ultimately it's a personal choice.
Nopainnogain ( Date: 05-Jan-2013 13:19) Posted:
All,
Please take note... when ..rally over .. ppl will recall the fire incidence.
teeth53 ( Date: 05-Jan-2013 13:14) Posted:
China Paper
Last: 0.041c
Vol changed hands: 31,737,000m shr
+0.0030
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Will see more such trading activities.
Optimistic players who believe
will hav reason to do so, while pessimistic one can continue to wait n see or pull a fast big one Olam, MDR, Rowsley, Contel and so on. Plentyful.
SGX mkt is like a casino. Do ur own analysis. Ultimately is ur $, ur decision.
teeth53 ( Date: 05-Jan-2013 13:14) Posted:
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China Paper
Last: 0.041c
Vol changed hands: 31,737,000m shr
+0.0030
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Enjoy penny waves,. Enjoy the ride...on S-chip play. " China is on new growth pattern shifted away from 2012 - focusing on more capital and skill-intensive activities, putting country's domestic demand-led economic growth into future, then depending on export.
A new beginning, a small beginning, a big step.
I supposed profit warning how to " cheong" ??.... pushed up to run ?all the account books burned last month how to trace ?.....maybe need to print money to bring back account good ?
All,
Please take note... when ..rally over .. ppl will recall the fire incidence.
teeth53 ( Date: 05-Jan-2013 13:14) Posted:
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China Paper
Last: 0.041c
Vol changed hands: 31,737,000m shr
+0.0030
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