(01-09-2013, 11:43 PM)touzi Wrote: [ -> ] (01-09-2013, 08:36 PM)Ray168 Wrote: [ -> ]Next course of action is to sue Glaucus for damage... to rebuild investors confident.
Don't waste time. Glaucus have already covered their behind.
Hi Guys
You gotta be kidding. Muddywaters has a total of 1 full time staff, i.e. Carson Block. I won't be surprised if Glaucus has only 1 or 2 staff. This is the essence of guerrilla warfare....
It's up to CMZ management decision....
What would one do if someone tarnish your reputation?
(02-09-2013, 08:19 AM)HitandRun Wrote: [ -> ] (01-09-2013, 11:43 PM)touzi Wrote: [ -> ] (01-09-2013, 08:36 PM)Ray168 Wrote: [ -> ]Next course of action is to sue Glaucus for damage... to rebuild investors confident.
Don't waste time. Glaucus have already covered their behind.
Hi Guys
You gotta be kidding. Muddywaters has a total of 1 full time staff, i.e. Carson Block. I won't be surprised if Glaucus has only 1 or 2 staff. This is the essence of guerrilla warfare....
(02-09-2013, 08:12 AM)HitandRun Wrote: [ -> ] (02-09-2013, 07:03 AM)yeokiwi Wrote: [ -> ] (02-09-2013, 12:52 AM)Jared Seah Wrote: [ -> ]yeokiwi,
3) In my 4 years in China, I've never seen a factory with English only names. Majority are in Chinese only. At best it's names with BOTH Chinese and English names.
Yeokiwi and Jared
Photography stuff I am ignorant of. But as for signage, I think both of you are mistaken. At the front gate, a company might have its name in both Chinese and English. However, it is rather common to have signages like what CMZ has on the buildings, especially for WOFEs (wholly owned foreign enterprise) . The company that I used to work for have a signage for the buildings just like that in different parts of China.....
HitandRun,
You could be right. China is a BIG place.
I merely saying in my 4 years visiting factories in China, I've not seen English names only signs on the factory buildings.
Perhaps furniture industry less sophisticated. We are more "local".
(02-09-2013, 08:34 AM)Jared Seah Wrote: [ -> ]HitandRun,
Perhaps furniture industry less sophisticated. We are more "local".
SMOL san
Yeah man. I won't be surprised if you spend all that time at the "local" KTVs...
Trading halt continue.... IndoFood make offer!
Possible Offer by PT Infofood Sukses Makmur Tbk (“PT Indofood”)
1. Possible Offer
The Board of Directors (the "Board") of China Minzhong Food Corporation Limited (the
"Company") has today received a letter ("Offer Letter") from PT Indofood Sukses Makmur Tbk
("Offeror") in relation to a possible offer (the "Offer"). The Offer, if made, is expected to be
announced later today and a copy of their Offer Letter is attached.
2. Trading Halt
Pending the receipt of the formal Offer, the Company has requested for a trading halt and
shareholders of the Company are advised to exercise caution when dealing in their shares or
otherwise taking any action in relation to their shares which may be prejudicial to their interests.
The Company will release further announcements at the appropriate junctures.
3. Directors’ Responsibility Statement
The directors of the Company (including any director who may have delegated detailed
supervision of this Announcement) have taken all reasonable care to ensure that the facts stated
and opinions expressed herein (other than those relating to the Offer) are fair and accurate and
that no material facts have been omitted from this Announcement, the omission of which would
make any statement in this Announcement misleading.
By Order of the Board
Lin Guo Rong
Executive Chairman and Chief Executive Officer
2 September 2013
(02-09-2013, 08:49 AM)Ray168 Wrote: [ -> ]Trading halt continue.... IndoFood make offer!
Possible Offer by PT Infofood Sukses Makmur Tbk (“PT Indofood”)
1. Possible Offer
The Board of Directors (the "Board") of China Minzhong Food Corporation Limited (the
"Company") has today received a letter ("Offer Letter") from PT Indofood Sukses Makmur Tbk
("Offeror") in relation to a possible offer (the "Offer"). The Offer, if made, is expected to be
announced later today and a copy of their Offer Letter is attached.
2. Trading Halt
Pending the receipt of the formal Offer, the Company has requested for a trading halt and
shareholders of the Company are advised to exercise caution when dealing in their shares or
otherwise taking any action in relation to their shares which may be prejudicial to their interests.
The Company will release further announcements at the appropriate junctures.
3. Directors’ Responsibility Statement
The directors of the Company (including any director who may have delegated detailed
supervision of this Announcement) have taken all reasonable care to ensure that the facts stated
and opinions expressed herein (other than those relating to the Offer) are fair and accurate and
that no material facts have been omitted from this Announcement, the omission of which would
make any statement in this Announcement misleading.
By Order of the Board
Lin Guo Rong
Executive Chairman and Chief Executive Officer
2 September 2013
It's a very good deal for Indofood if they can get it at 5 or 6x PE. Congrats to Indofood.
May be a surprise for some but not those expecting it...
It will be interesting to know the offer price.
Possible Offer by PT Infofood Sukses Makmur Tbk (“PT Indofood”)
The Board of Directors (the "Board") of China Minzhong Food Corporation Limited (the
"Company") has today received a letter ("Offer Letter") from PT Indofood Sukses Makmur Tbk
("Offeror") in relation to a possible offer (the "Offer"). The Offer, if made, is expected to be
announced later today and a copy of their Offer Letter is attached.
http://infopub.sgx.com/FileOpen/CMZ_Anno...eID=254787
Your patient and faith pay....
Every
Crisis present an
Opportunity...
(02-09-2013, 08:53 AM)minimax Wrote: [ -> ] (02-09-2013, 08:49 AM)Ray168 Wrote: [ -> ]Trading halt continue.... IndoFood make offer!
Possible Offer by PT Infofood Sukses Makmur Tbk (“PT Indofood”)
1. Possible Offer
The Board of Directors (the "Board") of China Minzhong Food Corporation Limited (the
"Company") has today received a letter ("Offer Letter") from PT Indofood Sukses Makmur Tbk
("Offeror") in relation to a possible offer (the "Offer"). The Offer, if made, is expected to be
announced later today and a copy of their Offer Letter is attached.
2. Trading Halt
Pending the receipt of the formal Offer, the Company has requested for a trading halt and
shareholders of the Company are advised to exercise caution when dealing in their shares or
otherwise taking any action in relation to their shares which may be prejudicial to their interests.
The Company will release further announcements at the appropriate junctures.
3. Directors’ Responsibility Statement
The directors of the Company (including any director who may have delegated detailed
supervision of this Announcement) have taken all reasonable care to ensure that the facts stated
and opinions expressed herein (other than those relating to the Offer) are fair and accurate and
that no material facts have been omitted from this Announcement, the omission of which would
make any statement in this Announcement misleading.
By Order of the Board
Lin Guo Rong
Executive Chairman and Chief Executive Officer
2 September 2013
It's a very good deal for Indofood if they can get it at 5 or 6x PE. Congrats to Indofood.
(02-09-2013, 08:47 AM)HitandRun Wrote: [ -> ] (02-09-2013, 08:34 AM)Jared Seah Wrote: [ -> ]HitandRun,
Perhaps furniture industry less sophisticated. We are more "local".
SMOL san
Yeah man. I won't be surprised if you spend all that time at the "local" KTVs...
Shh...
Interesting. Indofood has gone ALL-IN?
This CMZ episode is more like betting red or black at the casinos.
More punting; less investing.
I curious kaypoh onlooker; not vested but taking notes:
1) Respected hedge fund manager in VB bailed out at 50% loss.
2) Early key investors all sold out at delicious profits.
3) Vested minority shareholders willing Indofood to bail them out instead of doubling down themselves.
4) Would minority shareholders vote down the GO from Indofood if the GO price is less than what shareholders have paid for?
Would we get a repeat of Nera Telecoms where minority shareholders judged the GO price as grossly under-valuing the company?
(How the person votes may reveal a lot on their true conviction on CMZ.)
