Yeung Chung Lung
Yang Le
Ni Chiao Peng
Friday, January 23, 2009
First Natural 1076 thieves
Following thieves wanted dead or alive, preferably the former for the raping of shareholders in First Natural Foods. HK Exchange and the SFC asleep at the wheel.
Yeung Chung Lung
Yang Le
Ni Chiao Peng
Yeung Chung Lung
Yang Le
Ni Chiao Peng
Wednesday, January 21, 2009
Monday, January 19, 2009
Fox con survival of the fittest
literally... (SCMP Nov27, 2008)
'The company is forcing employees to resign through harsh measures such as cutting bonuses, rejecting annual leave applications, implementing mandatory fitness training and transferring them to unfamiliar departments,' National Business Daily quoted a former Foxconn employee as saying.
The paper said more than 10 workers at Foxconn's handset department were offered three options: no-pay leave for four months, redeployment to the security department and restaurants, or relocation to Huaian in Jiangsu province with a salary cut."
'The company is forcing employees to resign through harsh measures such as cutting bonuses, rejecting annual leave applications, implementing mandatory fitness training and transferring them to unfamiliar departments,' National Business Daily quoted a former Foxconn employee as saying.
The paper said more than 10 workers at Foxconn's handset department were offered three options: no-pay leave for four months, redeployment to the security department and restaurants, or relocation to Huaian in Jiangsu province with a salary cut."
Chinese whales in Macau
Study done on the Chinese high rollers in Macau. The same probability impaired ones may have managed First Natural Food (1076).
The whales end up getting harpooned..
"According to a study of 99 high rollers from mainland China whose gambling habits propelled them into the headlines, 44 per cent were either sentenced to death, murdered, committed suicide or were serving long jail sentences after committing crimes to fund their visits. Zeng Zhonglu, a professor at the Macau Polytechnic Institute, found 15 of the gamblers were sentenced to death, seven committed suicide or were "killed by others", two were given a death sentence reprieve and 20 were serving long jail sentences."
The whales end up getting harpooned..
"According to a study of 99 high rollers from mainland China whose gambling habits propelled them into the headlines, 44 per cent were either sentenced to death, murdered, committed suicide or were serving long jail sentences after committing crimes to fund their visits. Zeng Zhonglu, a professor at the Macau Polytechnic Institute, found 15 of the gamblers were sentenced to death, seven committed suicide or were "killed by others", two were given a death sentence reprieve and 20 were serving long jail sentences."
Police fire into air to disperse thugs in eviction row
Property rights China style...
(01-19 16:40)
Police fired into the air to disperse a large group of thugs wielding clubs and machetes who were seeking to evict residents for a new development, authorities and local media said.
The incident erupted when the men descended on a residential area in Guiyang, capital of Guizhou, before dawn on Sunday, the Guizhou Metropolitan Daily reported.
Even as excavators started demolishing the buildings, the men stormed into homes, threatening to kill residents if they called the police.
Police were eventually alerted, and dozens of officers arrived.
''They fired into the air to warn the people,'' said a police officer in Guiyang district.
After the shots were fired, the armed thugs disappeared into the night, leaving clubs and machetes on the ground.
AGENCE-FRANCE-PRESSE
(01-19 16:40)
Police fired into the air to disperse a large group of thugs wielding clubs and machetes who were seeking to evict residents for a new development, authorities and local media said.
The incident erupted when the men descended on a residential area in Guiyang, capital of Guizhou, before dawn on Sunday, the Guizhou Metropolitan Daily reported.
Even as excavators started demolishing the buildings, the men stormed into homes, threatening to kill residents if they called the police.
Police were eventually alerted, and dozens of officers arrived.
''They fired into the air to warn the people,'' said a police officer in Guiyang district.
After the shots were fired, the armed thugs disappeared into the night, leaving clubs and machetes on the ground.
AGENCE-FRANCE-PRESSE
Sunday, January 18, 2009
The Missing Chairman: First Natural (1076)
First Natural has filed for "automatic liquidation" after the Chairman goes MIA and his brood and son inlaw making up the management team resigns en-mass. This was after unilaterally breaking an interest swap contract ill advisedly entered into with Douche Bank.
Waiting now to see if the RMB$798m (June 2008) worth of cash in the bank still exists.
Doesn't bode well at all, the chairman's probably in Canada sipping green tea infused with 12 year Chivas.
What are our friends at the HKEX or SFC doing about this? Having extra long yumchars and massages at their favourite institutions no doubt.
Waiting now to see if the RMB$798m (June 2008) worth of cash in the bank still exists.
Doesn't bode well at all, the chairman's probably in Canada sipping green tea infused with 12 year Chivas.
What are our friends at the HKEX or SFC doing about this? Having extra long yumchars and massages at their favourite institutions no doubt.
200 thugs stop judges executing court order
From the SCMP.
200 thugs stop judges executing court order
Ng Tze-wei
Jan 19, 2009
A gang of 200 thugs successfully prevented 10 judges and court marshals from executing a court order in Hebei province on Saturday, dealing another severe blow to the country's frail rule of law.
The officials travelled from Beijing's Tongzhou county to Zunhua city , Hebei province, on Saturday morning to renew an order freezing 900,000 yuan (HK$1,022,900) in bank accounts owned by Hebei-based Tangshan Jinbaili Beer Company, according to the Beijing Times.
The Tongzhou court ruled in 2001 that the predecessor of the Tangshan beer company owed a Beijing-based label-printing company a total of 3 million yuan in unpaid printing fees.
The company's predecessor declared bankruptcy and refused to pay the sum, although it continued operations in the original factory under the name of Tangshan Jinbaili Beer Company.
Six months ago, the Tongzhou court froze 900,000 yuan owned by the company but the order was due to expire yesterday. After encountering difficulties in the past, the Tongzhou court decided to send a team of 10 to Hebei but the team were no match for a gang of 200 men.
When the judges arrived at the bank at 10am, they were immediately cordoned off from the bank tellers by a row of men in blue uniforms. They were also stopped from leaving the bank when their car was surrounded. The number of men swelled to 200.
The men told the judges to release the funds, saying that otherwise they would not be able to leave. The judges were tailed, even when they went to the washrooms. At midday, the men ordered a car-load of bread and sausages for lunch, determined to stay until the judges gave in.
Meanwhile, they ignored the judges' accusation that they were breaking the law and although police officers arrived at the scene after the officials appealed to local police and courts for help, the police soon left because no physical contact had ensued. Finally at 4pm, after seeking instructions from the Beijing High People's Court, the Tongzhou judges released the funds and were allowed to leave the bank. The 900,000 yuan was transferred within minutes.
According to the newspaper, the Beijing High People's Court has reported the incident to the central government and is seeking co-operation from the Hebei High People's Court.
200 thugs stop judges executing court order
Ng Tze-wei
Jan 19, 2009
A gang of 200 thugs successfully prevented 10 judges and court marshals from executing a court order in Hebei province on Saturday, dealing another severe blow to the country's frail rule of law.
The officials travelled from Beijing's Tongzhou county to Zunhua city , Hebei province, on Saturday morning to renew an order freezing 900,000 yuan (HK$1,022,900) in bank accounts owned by Hebei-based Tangshan Jinbaili Beer Company, according to the Beijing Times.
The Tongzhou court ruled in 2001 that the predecessor of the Tangshan beer company owed a Beijing-based label-printing company a total of 3 million yuan in unpaid printing fees.
The company's predecessor declared bankruptcy and refused to pay the sum, although it continued operations in the original factory under the name of Tangshan Jinbaili Beer Company.
Six months ago, the Tongzhou court froze 900,000 yuan owned by the company but the order was due to expire yesterday. After encountering difficulties in the past, the Tongzhou court decided to send a team of 10 to Hebei but the team were no match for a gang of 200 men.
When the judges arrived at the bank at 10am, they were immediately cordoned off from the bank tellers by a row of men in blue uniforms. They were also stopped from leaving the bank when their car was surrounded. The number of men swelled to 200.
The men told the judges to release the funds, saying that otherwise they would not be able to leave. The judges were tailed, even when they went to the washrooms. At midday, the men ordered a car-load of bread and sausages for lunch, determined to stay until the judges gave in.
Meanwhile, they ignored the judges' accusation that they were breaking the law and although police officers arrived at the scene after the officials appealed to local police and courts for help, the police soon left because no physical contact had ensued. Finally at 4pm, after seeking instructions from the Beijing High People's Court, the Tongzhou judges released the funds and were allowed to leave the bank. The 900,000 yuan was transferred within minutes.
According to the newspaper, the Beijing High People's Court has reported the incident to the central government and is seeking co-operation from the Hebei High People's Court.
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