China Environment

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#1
I started a new thread on this company. The company share price is only around 10 cents, 6 months ago. The market price now is 62 cents.

The institutional investor is Havenport Asset Management Pte. Ltd. It's web site is http://www.havenportasset.com/

I am yet to dig into the company fundamentals. Anyone vested?

(not vested)

CHINA ENVIRONMENT RAISES S$ 17.05 MILLION THROUGH INSTITUTIONAL PLACEMENT
Highlights:
- Institutional placement issued at S$0.55 per share for 31 million shares (4.2% of enlarged capital) of the Company.
- Use of proceeds mainly to fund working capital to capture rapidly rising demand for the Group’s waste gas treatment products and solutions.
- Ready capacity to meet rising demand as the recently completed production plant in Anhui increases the Group’s capacity by 400%.

Ref: http://infopub.sgx.com/FileOpen/CEL_Priv...eID=264735
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#1
I started a new thread on this company. The company share price is only around 10 cents, 6 months ago. The market price now is 62 cents.

The institutional investor is Havenport Asset Management Pte. Ltd. It's web site is http://www.havenportasset.com/

I am yet to dig into the company fundamentals. Anyone vested?

(not vested)

CHINA ENVIRONMENT RAISES S$ 17.05 MILLION THROUGH INSTITUTIONAL PLACEMENT
Highlights:
- Institutional placement issued at S$0.55 per share for 31 million shares (4.2% of enlarged capital) of the Company.
- Use of proceeds mainly to fund working capital to capture rapidly rising demand for the Group’s waste gas treatment products and solutions.
- Ready capacity to meet rising demand as the recently completed production plant in Anhui increases the Group’s capacity by 400%.

Ref: http://infopub.sgx.com/FileOpen/CEL_Priv...eID=264735
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
Reply
#2
The company has raised quite a lot of fund recently.

(not vested)

----------
The Board of Directors of China Environment Ltd. (the "Company" and together with its subsidiaries, the “Group”) is pleased to announce that its subsidiary, Fujian Dongyuan Environmental Protection Co., Ltd. (“Fujian Dongyuan”) ( 福建东源环保有限公司), has obtained bank credit facilities from Bank of China (the “Bank”) totaling RMB120 million for 2014.

Ref: http://infopub.sgx.com/FileOpen/CEL_RMB1...eID=277712
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
Reply
#2
The company has raised quite a lot of fund recently.

(not vested)

----------
The Board of Directors of China Environment Ltd. (the "Company" and together with its subsidiaries, the “Group”) is pleased to announce that its subsidiary, Fujian Dongyuan Environmental Protection Co., Ltd. (“Fujian Dongyuan”) ( 福建东源环保有限公司), has obtained bank credit facilities from Bank of China (the “Bank”) totaling RMB120 million for 2014.

Ref: http://infopub.sgx.com/FileOpen/CEL_RMB1...eID=277712
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
Reply
#3
I had some concerns with this name.


Red Flags:

For one, the Company is a reverse merger. This does not signify anything on its own. However, historically reverse mergers have been especially susceptible to crossing the lines between truth and fiction.

The Company's Chinese language page is down. The English page is specifically intended for investors rather than customers. A valid business would need a Chinese language page.

   

The Company in 2013 reported a profit of 71 million RMB. Meanwhile, CFO for 2013 was negative 97 million RMB.

The Company has been recently raising a lot of money by issuing new shares. At the same time, the Company stated that it is finishing the construction of its new facilities using all internal funds. If that's the case, why issue additional shares?

   
The Company claims to produce units which remove pollutants from stacks at power plants and other facilities. However, a search of the facilities the Company has represented on its page reveals it was just pulled from the net.

The Company claims to have increased production 400% with the addition of a new production facility in August 2013. The facility is depicted as follows on the Company's website.

   

However, satellite images shows the following. Slightly misleading if you ask me.

   


I do not hold a position in the security nor do I plan to. Additional due diligence needs to follow to confirm my aforementioned concerns.
Reply
#3
I had some concerns with this name.


Red Flags:

For one, the Company is a reverse merger. This does not signify anything on its own. However, historically reverse mergers have been especially susceptible to crossing the lines between truth and fiction.

The Company's Chinese language page is down. The English page is specifically intended for investors rather than customers. A valid business would need a Chinese language page.

   

The Company in 2013 reported a profit of 71 million RMB. Meanwhile, CFO for 2013 was negative 97 million RMB.

The Company has been recently raising a lot of money by issuing new shares. At the same time, the Company stated that it is finishing the construction of its new facilities using all internal funds. If that's the case, why issue additional shares?

   
The Company claims to produce units which remove pollutants from stacks at power plants and other facilities. However, a search of the facilities the Company has represented on its page reveals it was just pulled from the net.

The Company claims to have increased production 400% with the addition of a new production facility in August 2013. The facility is depicted as follows on the Company's website.

   

However, satellite images shows the following. Slightly misleading if you ask me.

   


I do not hold a position in the security nor do I plan to. Additional due diligence needs to follow to confirm my aforementioned concerns.
Reply
#4
NRA capital seems to have made a plant visit to Anhui in late 2013

http://www.nracapital.com/reports_pdf/13...roment.pdf
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#4
NRA capital seems to have made a plant visit to Anhui in late 2013

http://www.nracapital.com/reports_pdf/13...roment.pdf
Reply
#5
Nextinsight writers, Voyage research analysts attended China Eratat's trade fair showcases every year. They even have active IR activities in Singapore!
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#5
Nextinsight writers, Voyage research analysts attended China Eratat's trade fair showcases every year. They even have active IR activities in Singapore!
Reply
#6
This company has a Singapore subsidiary with SGD40M paid up capital. It is some $$ backing for the shares of the listed parent then. Hence it makes a good gambling stock for the punters.

(17-06-2014, 05:16 AM)chasingvalue Wrote: I had some concerns with this name.


Red Flags:

For one, the Company is a reverse merger. This does not signify anything on its own. However, historically reverse mergers have been especially susceptible to crossing the lines between truth and fiction.

The Company's Chinese language page is down. The English page is specifically intended for investors rather than customers. A valid business would need a Chinese language page.



The Company in 2013 reported a profit of 71 million RMB. Meanwhile, CFO for 2013 was negative 97 million RMB.

The Company has been recently raising a lot of money by issuing new shares. At the same time, the Company stated that it is finishing the construction of its new facilities using all internal funds. If that's the case, why issue additional shares?


The Company claims to produce units which remove pollutants from stacks at power plants and other facilities. However, a search of the facilities the Company has represented on its page reveals it was just pulled from the net.

The Company claims to have increased production 400% with the addition of a new production facility in August 2013. The facility is depicted as follows on the Company's website.



However, satellite images shows the following. Slightly misleading if you ask me.




I do not hold a position in the security nor do I plan to. Additional due diligence needs to follow to confirm my aforementioned concerns.
Reply
#6
This company has a Singapore subsidiary with SGD40M paid up capital. It is some $$ backing for the shares of the listed parent then. Hence it makes a good gambling stock for the punters.

(17-06-2014, 05:16 AM)chasingvalue Wrote: I had some concerns with this name.


Red Flags:

For one, the Company is a reverse merger. This does not signify anything on its own. However, historically reverse mergers have been especially susceptible to crossing the lines between truth and fiction.

The Company's Chinese language page is down. The English page is specifically intended for investors rather than customers. A valid business would need a Chinese language page.



The Company in 2013 reported a profit of 71 million RMB. Meanwhile, CFO for 2013 was negative 97 million RMB.

The Company has been recently raising a lot of money by issuing new shares. At the same time, the Company stated that it is finishing the construction of its new facilities using all internal funds. If that's the case, why issue additional shares?


The Company claims to produce units which remove pollutants from stacks at power plants and other facilities. However, a search of the facilities the Company has represented on its page reveals it was just pulled from the net.

The Company claims to have increased production 400% with the addition of a new production facility in August 2013. The facility is depicted as follows on the Company's website.



However, satellite images shows the following. Slightly misleading if you ask me.




I do not hold a position in the security nor do I plan to. Additional due diligence needs to follow to confirm my aforementioned concerns.
Reply
#7
I have found the satellite photo of the factory in Anhui province by going to http://map.google.com.hk and key in "中國安徽蚌埠市淮上區蚌埠工业园"
The photo shows the 3X3 industrial blocks are completed except for the front admin block.
I hope that the building complexes do really belong to China Env Ltd.

As for the industrial building in Fujian Longyan Economic district, I do not have the success of finding it yet in Google map. I will give it the benefits of doubt that the construction is not completed yet such that it is not easily identifiable from satellite.





(17-06-2014, 05:16 AM)chasingvalue Wrote: I had some concerns with this name.


Red Flags:

For one, the Company is a reverse merger. This does not signify anything on its own. However, historically reverse mergers have been especially susceptible to crossing the lines between truth and fiction.

The Company's Chinese language page is down. The English page is specifically intended for investors rather than customers. A valid business would need a Chinese language page.



The Company in 2013 reported a profit of 71 million RMB. Meanwhile, CFO for 2013 was negative 97 million RMB.

The Company has been recently raising a lot of money by issuing new shares. At the same time, the Company stated that it is finishing the construction of its new facilities using all internal funds. If that's the case, why issue additional shares?


The Company claims to produce units which remove pollutants from stacks at power plants and other facilities. However, a search of the facilities the Company has represented on its page reveals it was just pulled from the net.

The Company claims to have increased production 400% with the addition of a new production facility in August 2013. The facility is depicted as follows on the Company's website.



However, satellite images shows the following. Slightly misleading if you ask me.




I do not hold a position in the security nor do I plan to. Additional due diligence needs to follow to confirm my aforementioned concerns.
Reply
#7
I have found the satellite photo of the factory in Anhui province by going to http://map.google.com.hk and key in "中國安徽蚌埠市淮上區蚌埠工业园"
The photo shows the 3X3 industrial blocks are completed except for the front admin block.
I hope that the building complexes do really belong to China Env Ltd.

As for the industrial building in Fujian Longyan Economic district, I do not have the success of finding it yet in Google map. I will give it the benefits of doubt that the construction is not completed yet such that it is not easily identifiable from satellite.





(17-06-2014, 05:16 AM)chasingvalue Wrote: I had some concerns with this name.


Red Flags:

For one, the Company is a reverse merger. This does not signify anything on its own. However, historically reverse mergers have been especially susceptible to crossing the lines between truth and fiction.

The Company's Chinese language page is down. The English page is specifically intended for investors rather than customers. A valid business would need a Chinese language page.



The Company in 2013 reported a profit of 71 million RMB. Meanwhile, CFO for 2013 was negative 97 million RMB.

The Company has been recently raising a lot of money by issuing new shares. At the same time, the Company stated that it is finishing the construction of its new facilities using all internal funds. If that's the case, why issue additional shares?


The Company claims to produce units which remove pollutants from stacks at power plants and other facilities. However, a search of the facilities the Company has represented on its page reveals it was just pulled from the net.

The Company claims to have increased production 400% with the addition of a new production facility in August 2013. The facility is depicted as follows on the Company's website.



However, satellite images shows the following. Slightly misleading if you ask me.




I do not hold a position in the security nor do I plan to. Additional due diligence needs to follow to confirm my aforementioned concerns.
Reply
#8
(17-06-2014, 05:16 AM)chasingvalue Wrote: I had some concerns with this name.


Red Flags:

For one, the Company is a reverse merger. This does not signify anything on its own. However, historically reverse mergers have been especially susceptible to crossing the lines between truth and fiction.

The Company's Chinese language page is down. The English page is specifically intended for investors rather than customers. A valid business would need a Chinese language page.



The Company in 2013 reported a profit of 71 million RMB. Meanwhile, CFO for 2013 was negative 97 million RMB.

The Company has been recently raising a lot of money by issuing new shares. At the same time, the Company stated that it is finishing the construction of its new facilities using all internal funds. If that's the case, why issue additional shares?


The Company claims to produce units which remove pollutants from stacks at power plants and other facilities. However, a search of the facilities the Company has represented on its page reveals it was just pulled from the net.

The Company claims to have increased production 400% with the addition of a new production facility in August 2013. The facility is depicted as follows on the Company's website.



However, satellite images shows the following. Slightly misleading if you ask me.




I do not hold a position in the security nor do I plan to. Additional due diligence needs to follow to confirm my aforementioned concerns.

Reply from their CFO that they are currently revamping their China's website - www.ce-dy.com, to include the latest information and photos for our Anhui plant, the JV with Peking University, and etc.

The website will be available before end of September. They will update again once the China's website is online.
Reply
#8
(17-06-2014, 05:16 AM)chasingvalue Wrote: I had some concerns with this name.


Red Flags:

For one, the Company is a reverse merger. This does not signify anything on its own. However, historically reverse mergers have been especially susceptible to crossing the lines between truth and fiction.

The Company's Chinese language page is down. The English page is specifically intended for investors rather than customers. A valid business would need a Chinese language page.



The Company in 2013 reported a profit of 71 million RMB. Meanwhile, CFO for 2013 was negative 97 million RMB.

The Company has been recently raising a lot of money by issuing new shares. At the same time, the Company stated that it is finishing the construction of its new facilities using all internal funds. If that's the case, why issue additional shares?


The Company claims to produce units which remove pollutants from stacks at power plants and other facilities. However, a search of the facilities the Company has represented on its page reveals it was just pulled from the net.

The Company claims to have increased production 400% with the addition of a new production facility in August 2013. The facility is depicted as follows on the Company's website.



However, satellite images shows the following. Slightly misleading if you ask me.




I do not hold a position in the security nor do I plan to. Additional due diligence needs to follow to confirm my aforementioned concerns.

Reply from their CFO that they are currently revamping their China's website - www.ce-dy.com, to include the latest information and photos for our Anhui plant, the JV with Peking University, and etc.

The website will be available before end of September. They will update again once the China's website is online.
Reply
#9
Beware this company! Beware of fake profits.

Operating cash flows over the years+all share placements proceeds+cash at 3Q2014=Profits over the years.

So there could be a lot of fake profits.
Take care pals!
Reply
#9
Beware this company! Beware of fake profits.

Operating cash flows over the years+all share placements proceeds+cash at 3Q2014=Profits over the years.

So there could be a lot of fake profits.
Take care pals!
Reply
#10
Hot stock: Shares of China Environment surge on SGX approval of placement
By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT
5 Jan 10:28 AM

SHARES of China Environment jumped 19 per cent on Monday morning, after it announced the placement of new ordinary shares and warrants.

The stock was up 2.9 cents at S$0.182....

http://businesstimes.com.sg/stocks/hot-s...-placement
Reply
#10
Hot stock: Shares of China Environment surge on SGX approval of placement
By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT
5 Jan 10:28 AM

SHARES of China Environment jumped 19 per cent on Monday morning, after it announced the placement of new ordinary shares and warrants.

The stock was up 2.9 cents at S$0.182....

http://businesstimes.com.sg/stocks/hot-s...-placement
Reply


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