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Since it is trading halt......let made a guess.....no harm hor...Guess only. As it is so near to FY results.....is it possible that the new auditors have found that the book is not in order. Afterall, it is less than 2 month to prepare FY.
And they need more time to prepare the results.
Why did the previous auditor resign abruptly ? Why not wait for AGM to retire ?
Andrew ( Date: 23-Feb-2011 22:03) Posted:
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But too many companies broke the rule and refuse to SUS. SUS need SGX panel to review before resume.
Alligator ( Date: 23-Feb-2011 22:46) Posted:
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Halt is less than 3 days.
Oh.....H can last between 1/2 hour to 2 weeks lor.......UOB become the first SGX companies to H for 1/2 hour after the rule change in 2006....izzit ?? To announce FY results......for fun.....ya
peterlimkopi ( Date: 23-Feb-2011 22:28) Posted:
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Read from the internet that halt usually last less than 2 hours if the company halt trading due to pending for news or annoucements..
Bt this has gone on for 2 days..bad bad.....
No news is BAD news after 2 days halt passed. Something real bad must have happened...so scary now!
Sorry, ..first posting, make a mistake..
Should read: Just hope that it would not be like China Milk.....
Vested and will lose quite a bit if suspended.. Got hit once by FerroChina.
Hey....see this :
Proposed Appointment of Auditors
That Ernst & Young LLP, Certified Public Accountants, Singapore, be and are hereby appointed as
auditors of the Company for the financial year ending 31 December 2010 and are to hold office until the conclusion of the next annual general meeting of the Company in place of the resigned joint auditors,
Foo Kon Tan Grant Thornton LLP, Certified Public Accountants, Singapore, and RSM Nelson Wheeler,
Certified Public Accountants, Hong Kong, and to authorise the Directors of the Company to fix their
remuneration.
Auditors resigned in Nov........very bad leh.......did not issue any reason why auditor resigned. Did not advice if the new auditor should take up the position.....
Read somewhere that " halt" is 3 days max., while " suspension" is unlimited.
Already 2 days, doesn't look good-- Just hope that it would be like China Milk :
09 Feb 2010- Request for Trading Halt
12 Feb 2010- Request for Suspension!!!
if they halt the whole week, than those who contra short will be the first group to suffer first.... as for the rest of shareholders, that the sell off yesterday like many other counters hopefully was due to market sentiments on mid-east crisis/oil price etc... else... let's hope for the best...
as for US to go to WAR in mid-east again,,,,,,are they W(illing) A(ble) R(eady) ?? after recent war in IRAQ and AFGT.?? am don't think so.
renzokun ( Date: 23-Feb-2011 20:10) Posted:
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May they are halting till the release of their Q4 and FY 2010 results?..
and hopefully there will be some good news =)
gues they halt e whole week..
Could trading halt be triggered by 21% drop in price ?
Citigold ( Date: 23-Feb-2011 18:39) Posted:
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On 26 Jan 2011 ,Substantial Shareholder > Tradewinds Global Investors, LLC increased thier stake from 4.996% to 5.228..Based on this,i expect a gd new,might not be true but this is the only clue i can based on.
renzokun ( Date: 23-Feb-2011 18:32) Posted:
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Its realli hard to believe is good news, else wont haf such kind of sell off till trading halt!
I hope good news too. The co
Citigold ( Date: 23-Feb-2011 16:47) Posted:
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Most likely gd news
BTW, the drop yesterday for CHX was more than 21%. That's as much as CGX drop after KDR listing ! SCARY.
GuavaXF30 ( Date: 23-Feb-2011 08:22) Posted:
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Whatever it is, with price drop so much just before halt, it's not likely to be good news. Especially with yesterday's bloodbath. When resume, this is one definite short-sell target....
hyun_sg ( Date: 23-Feb-2011 08:14) Posted:
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if the insiders don't flow before the announcement, when can they get rid of their shares at a higher price??
Andrew ( Date: 22-Feb-2011 17:08) Posted:
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