| Latest Forum Topics / Jiutian Chemical Last:0.022 -- |
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oil shock 2026
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nott1965
Veteran |
01-Nov-2021 22:11
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parent company, what has it got to do with jiutian?
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InvestNotTrade
Senior |
01-Nov-2021 22:11
Yells: "seekingprivatereturns.blog" |
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such a smelly deal. Intercompany loan and wants Jiutian to take the hit when Jiutian is doing well. How about giving up some of Anyang' s controlling share in return for the debt forgiveness 
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tritonyeah666
Elite |
01-Nov-2021 22:02
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Essentially the debt impairment loss on Anyang Jiujiu will wipe out the 1H 2021 profits. | ||
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7ocean
Master |
01-Nov-2021 21:05
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Mati la.. debt restructuring exercise
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tritonyeah666
Elite |
01-Nov-2021 21:02
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The Board of Directors (the &ldquo Board&rdquo ) of Jiutian Chemical Group Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wish to inform shareholders that the Company has been informed by its controlling shareholder, Anyang Chemical Industry Group Co., Ltd (&ldquo Anhua&rdquo ) that Anhua is undergoing an asset and debt restructuring exercise (&ldquo Anhua Exercise&rdquo ). Meanwhile, the Board wish to inform that the operation of the Group continues to run smoothly and is not affected by the Anhua Exercise. Jiutian&rsquo s Chairman, Han Lianguo, who also helms Anhua as Chairman, says &ldquo Whilst it is a necessary step for Anhua to embark on the asset and debt restructuring exercise, after having to operate over a long period with its ageing and inefficient manufacturing assets, I wish to inform shareholders of Jiutian that the operation of Jiutian will continue to run smoothly and will be unaffected by the Anhua Exercise, and Jiutian will continue to benefit from strong demand and unprecedentedly firm prices of its products. Jiutian remains a key asset of Anhua, and it is the intention of Anhua to ensure that Jiutian continues to grow and maintain its leadership position in the DMF/ Methylamines industry in China.&rdquo The board also wish to inform that the ongoing Anhua Exercise may result in a potential asset impairment for the Group. As reported in our annual financial statements of FY2020, the Group&rsquo s current assets included a non-trade amount due of RMB 145 million from our associated company, Anyang Jiujiu Chemical Technology Co., Ltd (&ldquo Anyang Jiujiu&rdquo ), guaranteed by Anhua. The amount due from Anyang Jiujiu represents intercompany loan given by the Group for the construction of Anyang Jiujiu&rsquo s sodium hydrosulfite and related plants. The Board and management will be assessing the recoverability of the amount based on the situation of Anyang Jiujiu and the outcome of the Anhua Exercise, and will decide on the need and extent of impairment of this amount in due course. The Board will make further announcements on any material developments, as and when required | ||
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lp2000
Elite |
01-Nov-2021 10:52
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If you made some profit, well done to you, as we all know that profit in the pocket is the real profit though, I am still looking forward for higher hights on this counter...
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tritonyeah666
Elite |
01-Nov-2021 09:56
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Just sold all my Jiutian....finally exited this laggard.  | ||
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TraderBen
Supreme |
29-Oct-2021 10:36
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SG stocks all cannot one.. up abit pple sell.. not like USA side.. they believe in true value.. here even the company make money also no use..
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niteowl68
Elite |
29-Oct-2021 10:30
Yells: "God Bleess You" |
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087 wall crumbled... back to 086 087 and slow hibernation mode.  BBs here are experts in wearing down investors and collecting cheep...  | ||
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tritonyeah666
Elite |
29-Oct-2021 10:24
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back to hibernation lol, actually just park funds to Nasdaq should be easily up 25-40% this year.  | ||
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SgYuan
Supreme |
28-Oct-2021 21:54
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SgYuan
Supreme |
28-Oct-2021 21:53
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jiutian 1h
w4 88 px hit 87 this is a sign to take note wb up 91 back down to 87 2nd back sign 2nd time break w4 88 2nd chance for u to clear px pump up 93 above wb 91 this look like a breakup but it is only a tail wc dn 87 very tricky play |
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Starwar88
Supreme |
28-Oct-2021 12:44
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Maybe BB taking advantage of bad market sentiment to push down prices to accumulate before the play? Usually BB will play up JT prices the week before result announcement plus DMF prices are at sky high prices.
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tritonyeah666
Elite |
28-Oct-2021 12:41
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bbs dumping since yesterday prior to earnings hmm... | ||
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Starwar88
Supreme |
28-Oct-2021 12:28
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Results should be out around 11th nov. Can buy for pre result release play but best to sell before result announcement as usually will be sell down after that. | ||
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niteowl68
Elite |
28-Oct-2021 11:47
Yells: "God Bleess You" |
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086, 087 ... reversal mode after recent surge..  must check the chart for direction.    | ||
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tritonyeah666
Elite |
28-Oct-2021 11:46
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Yes SGYuan' s cloud chart broke down, so back to 0.080-0.083, too bad i guess... | ||
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niteowl68
Elite |
28-Oct-2021 11:40
Yells: "God Bleess You" |
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087 Seems like breaking down... going into JT' s usual hibernation mode again? Zzzzzzzzzzzzz | ||
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TraderBen
Supreme |
28-Oct-2021 00:26
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Very weak
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tritonyeah666
Elite |
27-Oct-2021 15:54
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Low volume day means thur or friday may spike up | ||
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