Who to blame ah....??

Most S-chip listed here is a holding company, most of their asset is in China. The management of these companies has no legal obligation or whatsoever responsiblity to our law and enforcement.  Simply because our law have no jurisdication over them. It is like saying......so long....sucker...

For that matter, the CEO is not even here and the local executive directors are usually for show.  See SinoEviron problem.......the exec dir are very hardworking.....but powerless to go anything.

After getting the funds, these companies can just report loss and loss until everything is gone.  Our law on accounting law for companies is very well established....it is the pple who report that are in question.

And if SM Goh have to go PRC to beg for help on this issue......it is that serious.

Do anyone has a tally to show the S-chips failure rate ?

So for Debao.....first 9 months loss 183M RMB......at this rate....how long can it last.

And there are already many published examples......I am a bit shock why investors are still buying.

So who to blame ?

In the Charity Bull Run held in Singapore year 2008,  SGX has donated some raised fund to China Youth devleopment Fund.    Some people had raised question why must we donate to these China people where there so many rich people there to help their own country men.........

SGX replied :   """"""......The Bull Charge has benefited from the generosity of overseas listed companies over the last five years........Todate, Chinese companies have formed the most SIGNIFICANT group of contributors, thus, for our first OVERSEAs Charity, we selected one from China......"""""

LMAO!  this is why China listed company which lost money, still can get listed here?????