Latest Forum Topics / Shen Yao Last:0.002 -- | Post Reply |
Gold rally to 10k?
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Johnsnow
Master |
30-Oct-2024 13:17
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If delist they don't want give exit offer also eat shit, look at AGV, AUsugroup, Imperium crown and Bitcoin companies | ||||
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sklong138
Elite |
30-Oct-2024 11:36
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1.  Shen Yao Holdings Limited has been deemed a cash company as it currently lacks an operating business with recurring revenue.
 
2. The company is required to comply with the requirements of Rule 1017 of the Catalist Rules.
 
3. Upon becoming a cash company, the company' s shares may be suspended from trading until it secures a new business that meets the listing requirements.
 
4. The company must place 90% of its cash and short-dated securities in an escrow account and provide monthly valuations of its assets and quarterly updates on its progress in obtaining a new busbusiness.5. 
The company has applied for a waiver from complying with the requirement to open an escrow account due to its limited cash balance.
 
5. If the company fails to meet the requirements for a new listing within 12 months, it will be removed from the Official List and a cash exit offer will be made to its shareholders.
 
Shen Yao' s major shareholders Yao Liang own some 53% of the company' s shares bought at 0.003 and I believed he should safe guard its own turf and understood that currently Shen Yao is looking for potential investors on gold related business which might look lucrative as gold price is continously moving on the uptrend. (i.e. now around US 2778 per ounce)
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Chansenghoe1971
Elite |
30-Oct-2024 10:19
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Friend you need go have a brain scan
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sklong138
Elite |
30-Oct-2024 08:18
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Kopipeng
Member |
23-Sep-2024 20:25
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@jajabing .. nope nobody home.. revive pls. Need break even | ||||
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AllZen
Member |
20-Sep-2024 00:47
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https://www.afr.com/companies/mining/the-beverly-hills-wannabes-and-the-betrayal-of-ballarat-20240905-p5k7zi | ||||
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Jajabing
Veteran |
28-Aug-2024 15:04
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Just for fun... Anybody homeeee | ||||
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Jajabing
Veteran |
19-Jul-2024 08:44
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Wats the point when this counter is dead? Chances of delisting is almost at a 100% certainty...
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sklong138
Elite |
17-Jul-2024 09:26
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Chansenghoe1971
Elite |
06-Jul-2024 18:11
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This guy needs to be banged long time ago especially he misled people on Aspen.
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Stocky901
Supreme |
06-Jul-2024 18:03
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Why admin can't stop peoples from using big fonts?😨
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Jajabing
Veteran |
06-Jul-2024 17:39
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Can pray, but almost no hope already | ||||
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k2kingkong
Senior |
05-Jul-2024 09:42
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Hope so.  Jeffrey Pang left Capallianz to become CEO of Shen Yao.   |
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Kopibing
Member |
04-Jul-2024 17:12
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Is there still hope? To cash out? | ||||
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AllZen
Member |
02-Jul-2024 15:59
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https://www.thecourier.com.au/story/8676429/former-ballarat-gold-mine-owners-fined-for-regulation-breaches/ | ||||
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sklong138
Elite |
13-Jun-2024 03:06
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Shen Yao Holdings Limited received a lawsuit on June 10, 2024, from Golden Point Group Pty Ltd (in liquidation) in the High Court of Singapore.
 
The lawsuit alleges that several former directors of Golden Point, including current and former directors of Shen Yao, breached their fiduciary duties by causing Golden Point to make payments to Shen Yao and enter into a management service agreement resulting in excessive management fee payments.
 
The claims total A$58,456,851, excluding interest and costs.
 
Golden Point was a wholly-owned subsidiary of Shen Yao incorporated in Australia and operated a goldmine in Victoria, Australia.
 
  The Claimant (Golden Point), a subsidiary of the Company, owned and operated a goldmine in Victoria, Australia.
 
On November 28, 2023, the Claimant (Golden Point' s creditors resolved to voluntarily wind up the company (Golden Point) and appointed administrators and liquidators.
 
The Company (Shen Yao), in consultation with its solicitors, will assess the Claims' basis, merits, and amount and take appropriate action accordingly.
 
  Based on the report, it appears that the money is transferred from left pocket (Golden Point) to right pocket (Shen Yao). Now Golden Point is asking for their money back from Shen Yao 
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TraderBen
Supreme |
12-Jun-2024 23:40
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What is the latest news about? | ||||
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Damnshiok
Master |
19-Apr-2024 22:47
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He is serious gambling addicts and thus need to visit IMH... bets heavily on QT vascular. All his counters crushed until sibeh jialat...
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Chansenghoe1971
Elite |
19-Apr-2024 20:46
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Hi friend,
How s your Aspen? You must be badly burnt by both Aspen and SY till you need some soundness check. SY is suspended. So, no relevance even if gold hits $1m
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sklong138
Elite |
19-Apr-2024 19:57
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Baimaine Gold Pte Ltd recruitment for manpower with good pay.  Good Sign |
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