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Sad but most likely true. You will recall they had rumours about their finances before and they even held a press conference to show a bank statement print-out to show that they had cash ina Chinese bank. Looks like Chinese bank statements not very reliable...... This is a goner.
bishan22 ( Date: 26-Feb-2011 10:56) Posted:
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never never dump a lot into s-chips.. for too long.
commando ( Date: 26-Feb-2011 10:26) Posted:
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guys, there are so many stocks around..
if u " DIE DIE" must buy penny stocks.. there are still plenty..
better " KNOWN" counters like golden agri, ghk..etc i think are far safer than " China etc" stocks..
*not encouraging u to buy the above, just stating a point tat s-chips are very dangerous
Looks like same fate as Sino Enviroment. Good Luck. 
commando ( Date: 26-Feb-2011 10:26) Posted:
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any one hold alot of shares in this company?
Gone Case.... Funds looks mishandled, the huge cash balance might not be even there.
Be Warn of company holding Huge Cash Flow and not doing anything :P
u can refer to china milk... i think tat one has been SUS for a year or more
bluesun ( Date: 25-Feb-2011 23:03) Posted:
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Oh......too late, not even CT Goh can help it !!!
Click " C" on SGX website and you will know........
abc2020 ( Date: 26-Feb-2011 00:31) Posted:
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OMG. never touch S-chip. really wonder how come SGX will allow this repeat and repeated
With so much of Awards & Certifications, it really hard to know what lvl of trust can a company be? I think the only clue is Change of Auditors.
http://www.chinahongxing.com.sg/upload/CHX_Change_of_Auditors_141010.pdf
ERKE was honored Asia's best 200 under A Billion of Forbes.
Awarded the prestigious PRC's Top Ten Enterprise with Brand Influence given in recognition of the strength of our brand and quality of our products
Awarded China's 500 Most Valuable Bands by the World Brand Laboratory Ranked 159 with a brand value of RMB4.4 billion
'Erke' was named by leading global brand valuation institute World Brand Laboratory as one of 'China's 500 Most Valuable Brands in 2008' for the third consecutive year, ranking among the top 140 with an estimated brand value of RMB 5.3 billion
Runner up in the 'Most Transparent Company in the Foreign Listings' category in the 9th annual Investors' Choice Awards 2008 by the Securities Investors Association of Singapore (SIAS) ???
http://www.chinahongxing.com.sg/Awards& Certifications.asp
Hi fly..., Nice pic, hav a nice day..Adoiiii, headache, advise don take Panapol, take TCM.
very hard to say, it all depend on the appointed special accountants and company management, how fast they can clear those doubts on " irregularities" , internally, they have to sort out and provide answers to the shareholders public,,, people can only hope that their management and business operations can still carry on and not go bankrupt .,,,,pray that " irregularities" will be iron out soon, otherwise,,,very bad.
Can anyone advise how long the suspension can be? Likely to drag 6 months to a year?
Many of this China boss still think or thot can play pank with rule of their own, is there any more,,,eee, plenty.
please add and help to differntiate bad/good and ugly counters and the best man to answer is Mr Hsieh, himself.
teeth53 ( Date: 25-Feb-2011 22:56) Posted:
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Blue chip should list in orchard and S-Chip should list in geylang! And dont know what Xchip can list in changi village!
Read from CNA...The list will go on and on and on............
1) China Milk got convertible bond issue and never relisted.
2) Sino environ ditto, gonna appointed judicial manager already
3) China Sun
4) Celestial
5) Ferro china
6) Beauty china
7) and now china hongX.
8)china P Dye.
9)......?
10).......?
oh boy
Hsieh is Temasek President (Ex-SGX chief to support...., will hav to ask him, he know best.)
Mr Hsieh, 59, is currently a special adviser to Temasek's chief executive and ... Hsieh is Temasek President....
Ho Ching to get " special adviser" Adviser Hsieh Fu Hua appointed special adviser to Temasek chief ...
Will anyone buy into Temasick idea when what is happening in SGX Exchange..?.
asyjtan ( Date: 25-Feb-2011 22:38) Posted:
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Frankly, it was written on the wall in Oct when auditor resigned. The filing....
The Board of Directors of China Hongxing Sports Limited (the “Company”) wishes to
announce that the Company has received, on 13 October 2010, a letter from Messrs
Foo Kon Tan Grant Thornton LLP and RSM Nelson Wheeler giving notice to the
Company of their intention to resign as Joint Auditors of the Company at a general
meeting of the Company.
The Joint Auditors have confirmed to the Company that they have no disagreements
with the Board of Directors of the Company on accounting treatments within the last 12
months (i.e. for the year ended 31 December 2009) and there are no matters of concern
that need to be highlighted to the Audit Committee.
SGX should asked why they resigned without completing the term, not just a simple 2-liner. Retail investor should have run when they see this lor.
Hope SGX is not too busy playing golf again......
Jackpot2010 ( Date: 25-Feb-2011 21:30) Posted:
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