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Renewable Energy
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mooo000
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05-Mar-2011 12:47
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china's 12th fyp key targets Environment & clean energy -- Non-fossil fuel to account for 11.4 percent of primary energy consumption -- Water consumption per unit of value-added industrial output to be cut by 30 percent -- Energy consumption per unit of GDP to be cut by 16 percent -- Carbon dioxide emission per unit of GDP to be cut by 17 percent -- Forest coverage rate to rise to 21.66 percent and forest stock to increase by 600 million cubic meters |
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GuavaXF30
Master |
05-Mar-2011 09:39
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I think it's another version of factoring where it sells off it's debts at a lower value in order to generate cash. May not be all bad but very much depends on the reason why they need to do this. But I've said this before. Business too futuristic. Wind power ? Chinese too mercenary to care about clean energy. If on the other hand while setting up one of their wind turbines, they dig the ground and find oil or coal..... then will be happening !
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mooo000
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04-Mar-2011 21:51
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hmmm correct me if im wrong. i believe this news is just an after event of the disposal of its fastening business. because if i rmb correctly, the details of the acquisition was that the buyer will take on REA's fastening business debts and pay for it is it? hence this repayment agreement
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bryancbq
Master |
04-Mar-2011 21:26
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Thanks thanks! =D So now, in this case, the Repayment Agreement is in force, in place of the Restructuring Agreement? haha. paisey ar, a bit daft here.
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bsiong
Supreme |
04-Mar-2011 15:22
Yells: "The Greatest Wealth is Health" |
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in this case it refers to debt restructuring, which is a process that allows a company facing cash flow problems, to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and rehabilitate so that it can continue its operations, something like refinancing...
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bryancbq
Master |
04-Mar-2011 15:01
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can someone explain to me what does the last line mean? The " terminated the Restructuring" bit. What's Restructuring? Sorry I newbie. haha.
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bsiong
Supreme |
04-Mar-2011 10:09
Yells: "The Greatest Wealth is Health" |
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Renewable Energy Asia Group announced that the Company together with the Group Companies have on 28 February 2011 entered into a repayment agreement with the Bank Group and Kwan Suk Yee in relation to the repayment of the outstanding Indebtedness of the Company and Superior Screws Manufacturers Ltd (collectively, the “Borrowers”) to the Bank Group (the “Repayment Agreement”). The Repayment Agreement is entered into following re-negotiations with the Bank Group for the repayment of the outstanding Indebtedness of the Borrowers to the Bank Group. In view of the new Repayment Agreement, the Bank Group has terminated the Restructuring in accordance with the terms of the Restructuring Agreement. |
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warrenbegger
Elite |
03-Mar-2011 23:01
Yells: "Anyhow Buy Anyhow Die ^_^" |
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2010FY past record is on 29 may. U know what to do then :)
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bryancbq
Master |
03-Mar-2011 22:57
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hahaah! okay!!! thanks for the advice! Do you know when's REA audit? I think they FY ends on 31st march. does that mean that the auditing will be done then?
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yum_cha
Member |
03-Mar-2011 22:57
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good things happens in three too? haha i am in this with you two!
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warrenbegger
Elite |
03-Mar-2011 22:28
Yells: "Anyhow Buy Anyhow Die ^_^" |
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U still can invest in some S-chip u think is safe at the time begin before next audit again. But invest with care, dont invest too much k? Buy 5 big 5small can liao, dont go siao mau 100 big 100 small 24 anyhow beat ok. | ||||
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bryancbq
Master |
03-Mar-2011 21:58
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haha. Let's pray that we will be rewarded for this! I think the worst is over. Bad things happen in threes, and already three scandal le. should be safe. hahahah.
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mooo000
Member |
03-Mar-2011 21:13
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yup! im with you! this is also not the first scandal of schips. i m sure it will pass!!!! HUAT AH!!!!!!!!!
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bryancbq
Master |
03-Mar-2011 20:20
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Announcement by REA: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4ADD4EBDA87EFD2F48257848002CC153/$file/REA_Announcement_Signing_of_Repayment_Agreement.pdf?openelement | ||||
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bryancbq
Master |
03-Mar-2011 20:05
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I thought hard and long about this. Everyone is just selling as we are fearful. It's a case of " black swan" , where one improbable event causing larger than proportionate effects. It's rather irrational to be dumping related shares just because they are under the same category. if you extend the idea, then you should avoid buying shares altogether. With govt. support, and close link with Datang Corp, and the fact that the chairman/director (i forgot) bought more shares before he give up his throne shows that he is sure everything is in order, otherwise why would he do that? Analysing this rationally, the only reason for me to dump this share is because of scandals not at all within REA's control, which really shouldn't have so strong an effect if not playing on human's sense of fear. staying put. the rest can decide for themselves. The above is just my opinion, not a recommendation. Just trying to provide another viewpoint for a more balanced discussion. |
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bryancbq
Master |
03-Mar-2011 19:02
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wa...u say until like that ar, i think everyone will run sia. so thin volume, that means see who run faster liao this time. lol. think i am staying put. very heavily vested in this counter. don't really want to sell at support. =\ |
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warrenbegger
Elite |
03-Mar-2011 18:00
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Pls dont invest too much on S-chick and is better not to vest at all in them. Due to lost of trust and most important, lost of value in S-chip. For those poor/unlucky investor that kanna burn in those suspended S-shit counter, i feel heart pain for them and i can feel how pain it is to lost so much or even all in S-shit. As to show my support for those who kanna burn and to avoid another S-shit scandal again. I hereby annouce that i wont invest or promote any S-shit again, i wish those who kanna burn clear your tears/heartpain and stand up again. So many local good counter to invest, we can all skip S-Shit and condemn them for doing rubbish. It better to invest in local stock as we can see our investment here in singapore and anything happen we also had first hand information. If u want to invest china stock, i think u better camp beside that company and follow the CEO everday in order to be safe. I wish all good luck and take care, i going heaven to find my love now. cya... | ||||
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warrenbegger
Elite |
03-Mar-2011 11:59
Yells: "Anyhow Buy Anyhow Die ^_^" |
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I agree with u, i think REA show it honesty by not trying to make up it fundamental so pretty like others, lose means lose, dont had to cover up things, that good. But it depend whether others still trust S-chip or not cause many still kiasi, i also kiasi too(i play S-chip very carefully and dont invest too big on them). I think some really good and trustable s-chip should stand out and said something, if not the whole s-chip boat will sink slowly :)
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rotijai
Supreme |
03-Mar-2011 11:59
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ppl are more interested in other better and 'cheaper' stocks at the moment.. may be come back later ba
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mooo000
Member |
03-Mar-2011 11:45
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Ouch.. warrenbeggar u also pessi about REA? tot u strong supporter lol, :( u shake, other ppl will also shake lol haha i think the s-chip scandals will pass eventually, also not the first time s-chips come out this type of news. Looking on the postive side, REA has reported losses in the past few years, showing its integrity to not try cover up its ass when it screw up. So i still sapok it!
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