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superboy Member	05-Dec-2007 17:53        superboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Global will cheong too?
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edwinjup Master	02-Oct-2007 19:14        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	the only hope for this company is a reverse take over by certain company in china that which to list in sgx and hk, it is possible, look at memstar tommorrow....how it will perform...
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superboy Member	02-Oct-2007 17:27        superboy About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the past of Global Tech Holding Ltd. It seems that this counter had a very good harvest days in the past. Since the bad directors are removed now, will it rebound and has its glacious days back again? This remind me of ChinaAO case. The Company itself has great potential but the directors are not good. Hong Kong Businessman Arrested for Tax Evasion Shi Zhenghui, president of Hong Kong-listed Global Tech, has been arrested by Guangdong police over a huge tax evasion, and is awaiting trial, Xinhua News Agency and Guangdong media reported Wednesday. Shi Zhenghui is accused of evading nearly 200 million yuan (US$24 million) in State taxes between 1999 and 2001, some 93 percent of the total amount he should have paid. Shi and his colleagues have confessed their crimes and are awaiting public trials in Guangdong Province's biggest case of this kind. Shi's case first came to light in 1998, when he smuggled 30,000 mobile phones into the country. Although Shi provided dozens of official import certificates in an attempt to prove he was acting above board, these were later found to be counterfeits. When Guangdong police started further investigations, they realized this was merely the tip of the iceberg. Over the next three years they amassed a massive amount of evidence for the tax evasion case. Police found that, as a sales agent for Samsung mobile phones, Shi's company had tried every possible means to avoid paying sales taxes. Shi ordered his subordinate companies to counterfeit receipts and financial reports in order to evade a huge amount of taxes. His company counts the sold mobile phones as discarded ones to lower its claimed sales incomes. Police departments found that Shi had business interests in 18 provinces across the country. More than 100 medium or large-scale enterprises got involved in Shi's delivery chains. After obtaining firm evidence, Guangdong police detained Shi Zhenghui in November 2001, when he entered the Chinese mainland on a business trip. The company's secret financial headquarters in Guangzhou were later revealed, and 9 million yuan (US$1.08 million) in cash, seven sedan cars and large amounts of secret financial documents were confiscated. Sources within the Police Bureau of Guangdong Province contributed the disclosure of Shi's case to a long-lasting anti-tax-evasion campaign in the province. The bureau uncovered nearly 300 tax evasion cases in 2002, winning back 300 million yuan (US$36 million) for the State. The hardline acts adopted in the province against tax evasion have resulted in a fall in such cases by between 30 and 40 percent, the sources said. The battle against tax evasion across the country has also been a major priority in recent years. Sources with the State Administration of Taxation of China said detected tax evasion in past five years surpassed 200 billion yuan (US$24 billion). (China Daily January 23, 2003)
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hotstock Veteran	12-Sep-2007 23:45        hotstock About Contact  Quote this Post!
x 0   x 0  Alert Admin	Get ready for this baby to be played... can accumulate now at 3 to 3.5c. Expect hefty return in short term....
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Centaur Veteran	12-Sep-2007 09:38        Centaur About Contact  Quote this Post!
x 0   x 0  Alert Admin	No prob.  Anyone got more updates on this counter can share??
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rickytan Veteran	11-Sep-2007 18:40        rickytan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Centaur, thank you very much !
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Centaur Veteran	11-Sep-2007 09:46        Centaur About Contact  Quote this Post!
x 0   x 0  Alert Admin	looks like the suspension got to do with some removal of independent directors thingy.. http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/7813ad41b9cfb37a48257352000b965a?OpenDocument
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Centaur Veteran	11-Sep-2007 09:30        Centaur About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Company was incorporated as an exempted company in the Cayman Islands on 9 December 1998. The Group is a mobile handsets distributor in Asia, offering downstream distribution solutions to its clients. The Group currently engages in full-integrated brand building, selling, marketing and distribution of mobile handsets and provision of after-sales services across the Greater China region. The Group's principal customers include dealers, wholesalers, China importers and purchasing agents located in Hong Kong and China. Most of the Group's products are ultimately distributed in China.
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rickytan Veteran	11-Sep-2007 08:53        rickytan About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have not heard of this counter before.  What industry are they in ?
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StarLine Senior	11-Sep-2007 00:52        StarLine About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Anyone got TP on this ?
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tl_pang Member	10-Sep-2007 21:15        tl_pang About Contact  Quote this Post!
x 0   x 0  Alert Admin	What's histoy of this counter ? Any reason behind why this counter was suspended previouly ?
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murano Member	10-Sep-2007 17:23        murano About Contact  Quote this Post!
x 0   x 0  Alert Admin	care to share the history of this counter ?
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Centaur Veteran	10-Sep-2007 15:14        Centaur About Contact  Quote this Post!
x 0   x 0  Alert Admin	Globa got relisted today after years of hybernation with 133% gains at 3.5cts as of now. Takers anyone??
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