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guess the coming results will b gd.....
halleluyah ( Date: 05-May-2015 09:07) Posted:
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In play tdy....flying up.....
added some 0.072
halleluyah ( Date: 28-Apr-2015 16:52) Posted:
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Lai lai zoom zoom to 0.08
I saw wrongly of announcement date. Meaning is FECB announce to purchase had a year ago event. Now, no any action by FECB. Hopefully have good news announce soon.
SeniorTrader ( Date: 20-Apr-2015 18:02) Posted:
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Sorry..., that is last year event. Not recently..., sorry about that
Jimmykohkk ( Date: 20-Apr-2015 09:03) Posted:
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I think for those interested should get a few facts right,
1) FECB is a regulatory body in China, so they will not be the party investing in AVC. Their role is to review the information and approve/reject oversea investments put up by any Chines company accordingly.
2) The Chinese company interested in AVC is proposing to buy up AVC for $330 million. No news so far on the approval, if there is any it shoud be from Addvalue official website.
3) There is another party interested in investing in AVC, however, there is no update on this from Addvalue after they announced the interest.
To admin: Please investigate Seniortrader for spreading false rumours ...
hey.. share price at the moment does not indicate approval leh.. seniortrader spreading rumours?? wow liao.. i hope u dun get into trouble...
I think there will be ppl who will post this to SGX and addvalue tech to confirm the news?
If real, the price will shoot to 20 cents and above
If false, then TS will be kana charged in court for spreading false information intending to manipulate the share price.
So wait for clarification from addvalue tech over the weekend./.... Those holding the shares, keep ur fingers crossed
SeniorTrader ( Date: 18-Apr-2015 12:31) Posted:
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http://news.asiaone.com/News/AsiaOne+News/Crime/Story/A1Story20080312-53987.html
Ex-stock trader jailed 6 mths for posting false info online
Wed, Mar 12, 2008
The Straits Times
A former stock trader was jailed six months on Tuesday for posting false information online about a locally listed IT firm, Datacraft Asia, in 2004.
Justice VK Rajah, in his judgement on Able Wang Ziyi, said that a custodial sentence was called for, taking into account the ' strong public interest militating against mischief in the market through the mass media such as internet.'
Wang, 42, a father of two who now runs a furniture business in Shanghai, was first charged in 2006 with spreading rumour on a popular stockmarket investor forum on Feb 16 2004 that the Commercial Affairs Department (CAD) had raided the offices of Datacraft Asia.
On the day he posted the rumour on shareinvestor.com, he short-sold 111,000 Datacraft shares. Minutes later, he posted on the forum: ' Heard CAD raided Datacraft office last Friday again.'
He then bought back 61,000 shares to cover his short position, without waiting long enough to see the effect of his rumour, The Business Times reported on Wednesday.
Wang had written his post based on an SMS he received earlier from a Samuel Wong, an OCBC Bank institutional buyer.
He was acquitted in November 2006 after the prosecution failed to prove that he did not care that the information posted was true or false.
In November 2007, following an appeal by the prosecution, the judge overturned the acquittal, ruling that stock traders should be responsible for what they post online because they risked being prosecuted if the rumour was proven to be false or unsubstantiated.
Said Justice Rajah in his judgement on Tuesday: ' Ultimately, while Wang' s precise motive may remain troublingly dubious, the fact remains that he has been convicted only of making the postings recklessly and not in full knowledge that they were false.'
' That said, the strong public interest militating against mischief in the market through mass media such as the Internet dictates a custodial sentence.'
' While one might theoretically expect sensible investors to be circumspect about information gleaned from a public forum, a market reaction is practically inevitable, and the maker of the false statement must be held responsible for his actions and statements.'
The judge said a fine was not necessary as Wang did not gain from his actions.
' Nevertheless, I cannot dismiss or ignore the fact that the Internet provides a medium for instantaneous and anonymous mass dissemination,' he said, acknowledging that those who commit offences online could escape detection or be hard to identify.
Wang could have been jailed for up to seven years and/or fined $250,000.
Bros , can' t locate the news too . Care to share what will b the impact on share price if a) FECB not approved or b) FECB approved . Thank you ,
spss1955 ( Date: 18-Apr-2015 13:34) Posted:
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Yep, can' t also, Am interested to know...
RoundRound ( Date: 18-Apr-2015 12:44) Posted:
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Bro, can provide link? Cannot locate any news in Yahoo news or Google search
SeniorTrader ( Date: 18-Apr-2015 12:31) Posted:
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Refer to Yahoo, FECB had approved n purchase share of Addvalue Tech. ...... That is good news?