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Cedar Strategic returns to the black for FY2015 with RMB 7.0 million net profit. seems like the new management is doing something right to turnaround the company while it remains suspended...any followers on this counter?
Looks like it can last for 12 mths before SGX decides whether to take it down not. When did it suspend huh??
yummysukiyaki ( Date: 25-Nov-2015 23:37) Posted:
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Suspension can last for how long, I' m asking on behalf of a friend
Hahaha n thz, soon will be delisted
Qanghoo ( Date: 17-Nov-2015 12:30) Posted:
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Magic show continues behind the scene lah.
yummysukiyaki ( Date: 17-Nov-2015 12:28) Posted:
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Why suspended can still make business deal in China?
Aiya...this stock is doomed lah...Hahaha
Any one got any news on 12th May meeting??
Anyone got updated news ?
Can only find news dated 22 apr as below... looks like we should wait till 12 may ?
Cedar Strategic investors seek to oust 4 directors
Section: MONEY MARKETS
Publication: The Straits Times 22/04/2015
A GROUP of investors who were brought on board to shore up the finances of Cedar Strategic Holdings last year are taking action to throw out the directors.
Jadiete Capital, SinoWealth Capital and Mr Christopher Chong Meng Tak have requisitioned for an extraordinary general meeting to remove four directors and appoint three of their nominees to the board.
The investors, who collectively own 1.27 billion shares representing more than 16 per cent of the issued capital of Cedar Strategic, want the meeting to be held on May 12.
Their April 12 letter to the company demanded the removal of chairman Charlie In Nany Sing and directors Huang Chuan, Yang Luoqing and Teo Moh Gin.
They also put up a slate of candidates which included Mr Chong himself as well as Mr Tan Thiam Hee and Mr Peter Tan.
In February last year, Jadiete, SinoWealth and Mr Chong subscribed for 1.27 billion Cedar Strategic shares that came with 1.27 billion free warrants for $4.6 million. The proceeds were earmarked for real estate development but the plans have unravelled.
Last week, Cedar Strategic disclosed it was engaging an independent auditor to review its accounts for the 2013 and 2014 financial years to uncover any potential irregularities. Formerly China Titanium, the company was renamed Cedar Strategic in 2012 as it switched its focus to property businesses.
In 2013, it acquired Trechance Holdings which has various property development and management units in China.
But the venture has failed to take off. Two months ago, the company announced it would sell its shares in Trechance.
Separately, Cedar Strategic disclosed yesterday that chief financial officer Chen Siew Loon resigned last Tuesday as he had not been paid his salary and CPF contributions. Mr Chen, 47, said this was " a repudiatory breach of his employment contract" and that his employment " will thus cease with immediate effect" .
Co has a shady past, it jumped the gun on " irregularities" of FY13 & FY14 Accounts when SGX merey query on high trading vol on 9 Apr but didn' t ask to do special audit. Before trading halt there were market rumours about RTO @$0.002 for this shell.co.
Timeline
9 Apr: SGX Query on extremely high trading volume (AM)
9 Apr: Trading halted (PM)
14 Apr: Co reply to SGX & Trading suspened.
" Company will be engaging an independent auditor (&ldquo SA&rdquo ) to conduct a special audit to, inter alia, review and/or ascertain (as the case may be) the accounts and transactions of the Group, and whether there are any irregularities in the accounts and transactions of the Group for the Financial Year Ended 31 December 2013 (&ldquo FY2013&rdquo ) and Financial Year Ended 31 December 2014 (&ldquo FY2014&rdquo ). The SA will carry out a thorough fact-finding process to verify whether there are any irregularities in the accounts and transactions of the Group and thereafter the Company will announce the report of the SA when it is available."
hi all, can ask ...like that will suspen til. when???
CEDAR STRATEGIC HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. 198003839Z) APPOINTMENT OF SPECIAL AUDITOR AND SUSPENSION OF TRADING Further to the request for trading halt on 9 April 2015 (Announcement Reference: SG150409OTHRX73S) and the Company&rsquo s response to the queries from the Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) dated 9 April 2015 regarding the unusual volume movements in the shares of the Company which was announced earlier today, the Board of Directors (the &ldquo Board&rdquo ) of Cedar Strategic Holdings Ltd. (the &ldquo Company&rdquo , and together with its subsidiaries, collectively the &ldquo Group&rdquo ) wishes to announce that the Company will be engaging an independent auditor (&ldquo SA&rdquo ) to conduct a special audit to, inter alia, review and/or ascertain (as the case may be) the accounts and transactions of the Group, and whether there are any irregularities in the accounts and transactions of the Group for the Financial Year Ended 31 December 2013 (&ldquo FY2013&rdquo ) and Financial Year Ended 31 December 2014 (&ldquo FY2014&rdquo ). The SA will carry out a thorough fact-finding process to verify whether there are any irregularities in the accounts and transactions of the Group and thereafter the Company will announce the report of the SA when it is available. In view of the above, the Company will apply to convert its trading halt into a trading suspension. The Board will keep all Shareholders updated accordingly. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor, accountant or other professional advisers. By Order of the Board Dr In Nany Sing Charlie Chairman 14 April 2015
My God...they still on ' HOLD" ...like that still got hope anot??
Oh then i die .....like i have swim in to the RED sea ....i read the halt cos of unsual activity ...sain
This one just wayang wayang around. Just keep changing name n business but nothing marvellous happens.
K.tan79 ( Date: 09-Apr-2015 16:36) Posted:
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Any one know and good news coming ...it call on Halt ..and Vol shoot up :D
This company is dying!?
This maybe the next Jaya..
What your basis? Able to share your analysis.
XTC855 ( Date: 06-Nov-2014 10:59) Posted:
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i think 0.002cts the lowest it can go..maybe a few throw at 0.001cts..not much downside unless close shop. Target 0.005ct in the short to mid term?
William Hill may want to offer some odds.
XTC855 ( Date: 06-Nov-2014 10:32) Posted:
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