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sbscap Master	30-Nov-2018 10:55        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Sgx appears to be relatively fast in identifying the problem. Funny that the stock is still around ipo price. Could be tightly held.
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Starship Supreme	30-Nov-2018 10:49        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	A week ago, both Kimly and ASC received letters from the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore, requesting for documents due to a potential offence under the Securities and Futures Act, Kimly said in a filing to the Singapore Exchange late Thursday (Nov 29). In the coffee shop operator' s case, authorities asked for documents relating to its initial public offering, its acquisition of ASC, as well as its corporate secretarial records from Jan 1, 2016. They also requested for IT equipment used by Kimly' s executive chairman Lim Hee Liat, executive director Chia Cher Khiang, and former non-executive director Ong Eng Sing. Mr Lim and Mr Chia have since been interviewed by the CAD, to whom they surrendered their travel documents as well. Separately, ASC was asked to produce its corporate secretarial and financial records, as well as documents relating to its recent acquisition, which had been announced in July. https://www.straitstimes.com/business/companies-markets/kimly-rolls-back-asian-story-acquisition-requests-for-trading-of-shares
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Berani Elite	30-Nov-2018 10:25        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	BB very evil... now built the buy Q at 0.25 lure retailers buy at 0.255 later throw till 0.23 sengsk      ( Date: 30-Nov-2018 10:11) Posted: Next TP = 0.19
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sengsk Elite	30-Nov-2018 10:11        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next TP = 0.19
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NextEvolution Elite	30-Nov-2018 10:08        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah boy! Whereas Noble under investigation got hung upside down. Maybethe once $10b blue chip have different treatment moron101      ( Date: 30-Nov-2018 10:02) Posted: Jialat, under investigation still can trade the shares. Starship      ( Date: 30-Nov-2018 09:23) Posted: Too many questionable transactions in listed companies nowadays. An example being the Chip Eng Seng deal. Kimly chairman and director under probe $16 mil acquisition cancelled 30/11/18, 12:25 am SINGAPORE (Nov 29): Coffeeshop chain operator Kimly said its executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) are under investigation by the Monetary Authority of Singapore and the Commercial Affairs Department. They are suspected to have flouted the Securities and Future Act. In a separate announcement, the company said that it will cancel an acquisition of a drinks company called Asian Story Corporation. The deal, which was paid using $16 million in cash, was announced as completed on July 2. In addition to Lim and Chia, Kimly&rsquo s former non-executive director Alain Ong Eng Sing is also under probe. Ong, former CEO of Japanese drink company Pokka&rsquo s subsidiary based out of Singapore, quit from Kimly&rsquo s board in January this year after the company&rsquo s AGM. According to Kimly&rsquo s SGX announcement on Nov 29, Lim, Chia and Ong have been interviewed by authorities and have their passports impounded. Their IT equipment, and company records, have also been seized. In September this year, Kimly was in the news for reportedly hiring Ong after he was asked to leave Pokka International, the subsidiary which he headed for years. While he was the CEO there, Ong&rsquo s wife, Vivian Lai, an actress, was a long-time celebrity endorser of the Pokka brand. When Kimly announced the acquisition of ASC back in July, it mentioned how ASC&rsquo s drinks command a market share of 7.7%. In the Nov 29 announcement, Kimly revealed that ASC outsources the production of drinks to Pokka. Kimly received a letter on Nov 22 from Pokka, giving six months&rsquo notice that the arrangement will be stopped. It wasn&rsquo t clear if ASC uses other contract manufacturers, or produces its own drinks. As of Mar 31, 2018, the company had a net tangible asset value of $448,000. The vendor is one Wang Chia Ye, whom Kimly said in July is unrelated. It wasn&rsquo t clear if Wang is related to Ong, the former Pokka employee. According to Kimly, Wang has already repaid $12 million. He will repay the remaining amount over three years. https://www.theedgesingapore.com/kimly-chairman-and-director-under-probe-16-mil-acquisition-cancelled
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Berani Elite	30-Nov-2018 10:03        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	BB throw all the shares liao.... pity retailers... kena cheat moron101      ( Date: 30-Nov-2018 10:02) Posted: Jialat, under investigation still can trade the shares. Starship      ( Date: 30-Nov-2018 09:23) Posted: Too many questionable transactions in listed companies nowadays. An example being the Chip Eng Seng deal. Kimly chairman and director under probe $16 mil acquisition cancelled 30/11/18, 12:25 am SINGAPORE (Nov 29): Coffeeshop chain operator Kimly said its executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) are under investigation by the Monetary Authority of Singapore and the Commercial Affairs Department. They are suspected to have flouted the Securities and Future Act. In a separate announcement, the company said that it will cancel an acquisition of a drinks company called Asian Story Corporation. The deal, which was paid using $16 million in cash, was announced as completed on July 2. In addition to Lim and Chia, Kimly&rsquo s former non-executive director Alain Ong Eng Sing is also under probe. Ong, former CEO of Japanese drink company Pokka&rsquo s subsidiary based out of Singapore, quit from Kimly&rsquo s board in January this year after the company&rsquo s AGM. According to Kimly&rsquo s SGX announcement on Nov 29, Lim, Chia and Ong have been interviewed by authorities and have their passports impounded. Their IT equipment, and company records, have also been seized. In September this year, Kimly was in the news for reportedly hiring Ong after he was asked to leave Pokka International, the subsidiary which he headed for years. While he was the CEO there, Ong&rsquo s wife, Vivian Lai, an actress, was a long-time celebrity endorser of the Pokka brand. When Kimly announced the acquisition of ASC back in July, it mentioned how ASC&rsquo s drinks command a market share of 7.7%. In the Nov 29 announcement, Kimly revealed that ASC outsources the production of drinks to Pokka. Kimly received a letter on Nov 22 from Pokka, giving six months&rsquo notice that the arrangement will be stopped. It wasn&rsquo t clear if ASC uses other contract manufacturers, or produces its own drinks. As of Mar 31, 2018, the company had a net tangible asset value of $448,000. The vendor is one Wang Chia Ye, whom Kimly said in July is unrelated. It wasn&rsquo t clear if Wang is related to Ong, the former Pokka employee. According to Kimly, Wang has already repaid $12 million. He will repay the remaining amount over three years. https://www.theedgesingapore.com/kimly-chairman-and-director-under-probe-16-mil-acquisition-cancelled
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moron101 Supreme	30-Nov-2018 10:02        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Jialat, under investigation still can trade the shares. Starship      ( Date: 30-Nov-2018 09:23) Posted: Too many questionable transactions in listed companies nowadays. An example being the Chip Eng Seng deal. Kimly chairman and director under probe $16 mil acquisition cancelled 30/11/18, 12:25 am SINGAPORE (Nov 29): Coffeeshop chain operator Kimly said its executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) are under investigation by the Monetary Authority of Singapore and the Commercial Affairs Department. They are suspected to have flouted the Securities and Future Act. In a separate announcement, the company said that it will cancel an acquisition of a drinks company called Asian Story Corporation. The deal, which was paid using $16 million in cash, was announced as completed on July 2. In addition to Lim and Chia, Kimly&rsquo s former non-executive director Alain Ong Eng Sing is also under probe. Ong, former CEO of Japanese drink company Pokka&rsquo s subsidiary based out of Singapore, quit from Kimly&rsquo s board in January this year after the company&rsquo s AGM. According to Kimly&rsquo s SGX announcement on Nov 29, Lim, Chia and Ong have been interviewed by authorities and have their passports impounded. Their IT equipment, and company records, have also been seized. In September this year, Kimly was in the news for reportedly hiring Ong after he was asked to leave Pokka International, the subsidiary which he headed for years. While he was the CEO there, Ong&rsquo s wife, Vivian Lai, an actress, was a long-time celebrity endorser of the Pokka brand. When Kimly announced the acquisition of ASC back in July, it mentioned how ASC&rsquo s drinks command a market share of 7.7%. In the Nov 29 announcement, Kimly revealed that ASC outsources the production of drinks to Pokka. Kimly received a letter on Nov 22 from Pokka, giving six months&rsquo notice that the arrangement will be stopped. It wasn&rsquo t clear if ASC uses other contract manufacturers, or produces its own drinks. As of Mar 31, 2018, the company had a net tangible asset value of $448,000. The vendor is one Wang Chia Ye, whom Kimly said in July is unrelated. It wasn&rsquo t clear if Wang is related to Ong, the former Pokka employee. According to Kimly, Wang has already repaid $12 million. He will repay the remaining amount over three years. https://www.theedgesingapore.com/kimly-chairman-and-director-under-probe-16-mil-acquisition-cancelled
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Berani Elite	30-Nov-2018 10:00        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	BB very evil... put big blok at 0.26... to lure all retailers go and buy 0.265 Berani      ( Date: 30-Nov-2018 09:26) Posted: distribution now once break 0.25.... all shortist will jump in Observers      ( Date: 30-Nov-2018 09:19) Posted: Jialat. No matter how you spin it, in my opinion, it doesnt seem to look good for the BOD and the controlling shareholder when it comes to protecting minority interests? So are the authorities still investigating? Is the contract between Asian Story and Pokka done at arms length and was the previous CEO involved? How about the valuation of Asian Story, did the valuer take into account(or discount) the (volatile?)contract with Pokka?
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Berani Elite	30-Nov-2018 09:26        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	distribution now once break 0.25.... all shortist will jump in Observers      ( Date: 30-Nov-2018 09:19) Posted: Jialat. No matter how you spin it, in my opinion, it doesnt seem to look good for the BOD and the controlling shareholder when it comes to protecting minority interests? So are the authorities still investigating? Is the contract between Asian Story and Pokka done at arms length and was the previous CEO involved? How about the valuation of Asian Story, did the valuer take into account(or discount) the (volatile?)contract with Pokka?
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Starship Supreme	30-Nov-2018 09:23        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Too many questionable transactions in listed companies nowadays. An example being the Chip Eng Seng deal. Kimly chairman and director under probe $16 mil acquisition cancelled 30/11/18, 12:25 am SINGAPORE (Nov 29): Coffeeshop chain operator Kimly said its executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) are under investigation by the Monetary Authority of Singapore and the Commercial Affairs Department. They are suspected to have flouted the Securities and Future Act. In a separate announcement, the company said that it will cancel an acquisition of a drinks company called Asian Story Corporation. The deal, which was paid using $16 million in cash, was announced as completed on July 2. In addition to Lim and Chia, Kimly&rsquo s former non-executive director Alain Ong Eng Sing is also under probe. Ong, former CEO of Japanese drink company Pokka&rsquo s subsidiary based out of Singapore, quit from Kimly&rsquo s board in January this year after the company&rsquo s AGM. According to Kimly&rsquo s SGX announcement on Nov 29, Lim, Chia and Ong have been interviewed by authorities and have their passports impounded. Their IT equipment, and company records, have also been seized. In September this year, Kimly was in the news for reportedly hiring Ong after he was asked to leave Pokka International, the subsidiary which he headed for years. While he was the CEO there, Ong&rsquo s wife, Vivian Lai, an actress, was a long-time celebrity endorser of the Pokka brand. When Kimly announced the acquisition of ASC back in July, it mentioned how ASC&rsquo s drinks command a market share of 7.7%. In the Nov 29 announcement, Kimly revealed that ASC outsources the production of drinks to Pokka. Kimly received a letter on Nov 22 from Pokka, giving six months&rsquo notice that the arrangement will be stopped. It wasn&rsquo t clear if ASC uses other contract manufacturers, or produces its own drinks. As of Mar 31, 2018, the company had a net tangible asset value of $448,000. The vendor is one Wang Chia Ye, whom Kimly said in July is unrelated. It wasn&rsquo t clear if Wang is related to Ong, the former Pokka employee. According to Kimly, Wang has already repaid $12 million. He will repay the remaining amount over three years. https://www.theedgesingapore.com/kimly-chairman-and-director-under-probe-16-mil-acquisition-cancelled
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Observers Elite	30-Nov-2018 09:19        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Jialat. No matter how you spin it, in my opinion, it doesnt seem to look good for the BOD and the controlling shareholder when it comes to protecting minority interests? So are the authorities still investigating? Is the contract between Asian Story and Pokka done at arms length and was the previous CEO involved? How about the valuation of Asian Story, did the valuer take into account(or discount) the (volatile?)contract with Pokka?
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Stocky901 Supreme	30-Nov-2018 09:16        Stocky901 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better exit before 2nd suspension. dyodd.
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sengsk Elite	30-Nov-2018 09:12        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Already HALT for 5 days ! Something not so right, May have some other more issue with account !! sengsk      ( Date: 30-Nov-2018 08:42) Posted: New IPO stock with Con mentality. AVOID !
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guards80 Supreme	30-Nov-2018 09:05        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	short it
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Berani Elite	30-Nov-2018 09:04        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	everybody try to run away when there is a problem stock below 0.2 soon? sengsk      ( Date: 30-Nov-2018 08:42) Posted: New IPO stock with Con mentality. AVOID !
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sengsk Elite	30-Nov-2018 08:42        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	New IPO stock with Con mentality. AVOID !
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prophetjul Master	30-Nov-2018 08:38        prophetjul About Contact  Quote this Post!
x 0   x 0  Alert Admin	Scandals even in Singapore?????
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Shifu8888 Supreme	30-Nov-2018 08:27        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Such corporate scandals are not uncommon. Many listed companies did that stuff albeit out of radar screen of authorities. Eg selling profitable entities to own kaki though announced none of directors has vested interest or buying at over premium of loss-making entities which owned by directors or cronies. This is more rampant when so-called IDs have no balls to check or too lazy to check. So own self check ownself. Ownself buy ownself and ownself sell to ownself. Even if you report to authorities, they will ask you for solid evidence. Else authorities also too lazy to check. So ownself is the ownself KING. NextEvolution      ( Date: 30-Nov-2018 08:17) Posted: Web of deceit? Buying over ASC for $16m with market value at only $458k. Alain Ong already famous from Pokka story.. https://www.theedgesingapore.com/kimly-chairman-and-director-under-probe-16-mil-acquisition-cancelled?utm_source=Singapore+Market+Report&utm_campaign=55547851ea-EMAIL_CAMPAIGN_2018_11_29_10_54&utm_medium=email&utm_term=0_46b7beec93-55547851ea-91057049&mc_cid=55547851ea&mc_eid=e0d9eb55cf
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NextEvolution Elite	30-Nov-2018 08:17        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	Web of deceit? Buying over ASC for $16m with market value at only $458k. Alain Ong already famous from Pokka story.. https://www.theedgesingapore.com/kimly-chairman-and-director-under-probe-16-mil-acquisition-cancelled?utm_source=Singapore+Market+Report&utm_campaign=55547851ea-EMAIL_CAMPAIGN_2018_11_29_10_54&utm_medium=email&utm_term=0_46b7beec93-55547851ea-91057049&mc_cid=55547851ea&mc_eid=e0d9eb55cf
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runaway Senior	30-Nov-2018 08:03        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Coffee shop is a sunset industry. Coffee shops are visited by the aged, number will dwindle when they pass on. The affluent young, especially those with kids, go up market in the shopping malls, for aircon and better hygiene. If you like #coffe shop# business, Bread Talk is a better choice.
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