HEARD  DEBT  iSSUE  is  REAL  CONCERN

"INDEPENDENT  VALUATION"  iN  CHiNA  iS 

#### NOT  INDEPENDENT ####

susan66      ( Date: 08-Jul-2010 23:12) Posted: Bund Center surges on report it was undervalued BCI was demerged from Asia Food & Properties Limited (AFP) to hold the AFP Group’s property investments in People’s Republic of China, such as The Bund Center located in Shanghai, and the Golden Center located in Ningbo.  The stock was listed on the exchange recently, it opened at $0.255. On Monday, the local press reported that an independent valuation done in 2009 valued Bund Center’s assets at around $1.5 billion (net of debt), or $0.72 a share. It continues to surge non-stop till today, got it from Asia Food & Properties entitlement.

PULPING APP

APP's critics are many, and their ammunition varied. Since the company won massive logging concessions in Indonesia under Suharto's rule in the 1980s, the company has profited from a corporate ethic founded on corruption and environmental exploitation. In Indonesia's Riau province, where APP has fed paper mills for some two decades, forests have been devastated, while the local population has remained one of the poorest in the country.

A holding company of the Widjaja family's Sinar Mas Group, headquartered in Singapore, APP's stated interest is establishing "sustainable" eucalyptus and acacia plantations to feed its many mills in Indonesia, China and India.

But its practices in those countries and, now, Cambodia appear to have brought the company to a nadir in its long and thorny relationship with environmental watchdogs. Following a major fall-out with the company last year, the World Wildlife Fund in February accused APP of clearcutting Indonesian forests and called on U.S. companies to boycott its products, which include copier paper, notebooks and other paper products. Large retailers such as Office Depot and Staples promptly came on board.

Asia Pulp & Paper

http://www.allbusiness.com/specialty-businesses/449323-1.html

sOunds  LiKE  AFP  is  shOrt  Of  CASH ? ? ? ?

AFP  cOuld  nOt  generate   dEcEnt  OperatIOns  CASH FLOW frOm  BUND CENTRE  any mOre ? ? ? ?

THE  BUND  CENTRE  had  nO  BUND and  nOt  iN CENTRE

susan66      ( Date: 08-Jul-2010 23:12) Posted: Bund Center surges on report it was undervalued BCI was demerged from Asia Food & Properties Limited (AFP) to hold the AFP Group’s property investments in People’s Republic of China, such as The Bund Center located in Shanghai, and the Golden Center located in Ningbo.  The stock was listed on the exchange recently, it opened at $0.255. On Monday, the local press reported that an independent valuation done in 2009 valued Bund Center’s assets at around $1.5 billion (net of debt), or $0.72 a share. It continues to surge non-stop till today, got it from Asia Food & Properties entitlement.

WEALTH  made THEM  VERY UNhappy

because  they  are  nOt  mOney-faceD