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Singapore asks China to supervise S-chip firms

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  • 4sg's Avatar
    3,115 posts since Jan '04
    • SINGAPORE, March 27 (Reuters) - Singapore's Senior Minister Goh Chok Tong called on Chinese authorities to maintain 'stringent supervision' over their companies that list in the city-state, the Business Times newspaper reported on Friday.

      Goh, chairman of central bank and financial regulator the Monetary Authority of Singapore, was speaking to officials in Guangdong province in the wake of scandals that have hit Chinese firms listed in Singapore, or S-chips, in recent months.

      'It's a way of helping them brand themselves,' Goh told reporters in Shenzhen, the newspaper said. 'If they allow a small percentage of these companies to defraud investors, that's going to spoil the reputation of other Chinese companies, good companies, listed in Singapore.'

      Renewable energy firm China EnerSave said on Thursday a subsidiary defaulted on the repayment of bank loans of 898.8 million yuan ($131.6 million) in China and the company has also defaulted on a loan repayment of $20 million.

      Earlier this month, Chinese-based education provider Oriental Century, partly owned by Singapore's Raffles Education , said its chief executive Wang Yuean 'substantially inflated' the company's balance sheet for its 2008 full year financial results.

      Along with Oriental Century, shares in FibreChem Technologies and China Sun Bio-Chem are suspended from trading over alleged accounting irregularities.

      There are over 100 Chinese companies listed in Singapore, and at least 25 are from Guangdong, one of China's richest provinces and a manufacturing hub, the newspaper said.

      http://sgblogs.com/entry/asks-china-supervise-chips-firms-listed-spore/329634

      Beware of these cheating China co. listed in SIngapore, my fellow Singaporean.

      Edited by 4sg 27 Mar `09, 2:37PM
  • angel7030's Avatar
    30,628 posts since Jul '07
    • Thank you, so kind of you to remind us,

       

      Anyway, I urge all sg Uncles to also be careful of another china company operating in Singapore, tho not listed, it net profit, the EBIT was estimated at 3.5 million sing dollars per year. It was taxfree to, thanks to our govt and sg uncles, even in downturn, it is still the best chinese organisation around making money.

       

      Company name is Geyland PRC Girls Private Limited. Becareful hor.

  • seyKai's Avatar
    1,558 posts since Oct '08
    • Originally posted by angel7030:

      Thank you, so kind of you to remind us,

       

      Anyway, I urge all sg Uncles to also be careful of another china company operating in Singapore, tho not listed, it net profit, the EBIT was estimated at 3.5 million sing dollars per year. It was taxfree to, thanks to our govt and sg uncles, even in downturn, it is still the best chinese organisation around making money.

       

      Company name is Geyland PRC Girls Private Limited. Becareful hor.


      Geyland PRC Girls Private Limited registered under your pub?

  • sgdiehard's Avatar
    5,218 posts since Jul '04
    • Originally posted by seyKai:


      Geyland PRC Girls Private Limited registered under your pub?


      it is the subsidiary of his pub. He also got Landmark Thai Girls Private Limited, Luck Plaza Philippino Girls Private Limited. Don't know the Ju Chiat Girls Private Limited still surviving or not, but his business damn big one.

  • angel7030's Avatar
    30,628 posts since Jul '07
    • Originally posted by seyKai:


      Geyland PRC Girls Private Limited registered under your pub?


      registered under Social Economy business entity for the male middle ages of Singapore

    • Originally posted by sgdiehard:


      it is the subsidiary of his pub. He also got Landmark Thai Girls Private Limited, Luck Plaza Philippino Girls Private Limited. Don't know the Ju Chiat Girls Private Limited still surviving or not, but his business damn big one.


      hello, use the pronoun "her" hor. U think me belong to Ladyboy Private Limited ar??

  • 4sg's Avatar
    3,115 posts since Jan '04
  • seyKai's Avatar
    1,558 posts since Oct '08
    • need to b a public company to have that many partners

      so should be Geyland PRC Girls Limited

      well, all the girls are going public anyway 

  • angel7030's Avatar
    30,628 posts since Jul '07
    • Originally posted by seyKai:

      need to b a public company to have that many partners

      so should be Geyland PRC Girls Limited

      well, all the girls are going public anyway 


      We want to go public, but SGX one of SGX clauses do not allow that, we argued that we are also a China organisation, why cannot. So stupid govt, got business dunwan to do and now got stuck with all these Guangdong, Guangxi, GuangZhou and GuanKong nonsenses, these HUNG FEI HONG companies cannot be trusted.

       

      Anyway, we are looking at NYSE, if they take us in, wow! I will be asking the underwriters to make an official offer in IPO, $40 dollars per share. That will be a good offer. If i can get a million  subscribers, wow! me reach liao. Book China Airline fast fast run.

       

      Oops forget to add the room, room $5, so should be $45 per share hor??? I guarantee first year dividends of 5% tax free.

       

       

    • Originally posted by seyKai:

      need to b a public company to have that many partners

      so should be Geyland PRC Girls Limited

      well, all the girls are going public anyway 


      no lah, ah Heng, we are still restricted, cos of Anti Vice.

  • sgdiehard's Avatar
    5,218 posts since Jul '04
    • Originally posted by angel7030:


      hello, use the pronoun "her" hor. U think me belong to Ladyboy Private Limited ar??


      you not chairman, oops chairwoman of the Ladyboy Pte Ltd meh?

  • angel7030's Avatar
    30,628 posts since Jul '07
    • Originally posted by sgdiehard:


      you not chairman, oops chairwoman of the Ladyboy Pte Ltd meh?


      me not chairwoman lah, me chairmeh (blind) of the Singapore Blind Association. No eyes see, see no evil.

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