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Fifa's airport shop shut as agent goes bust
Singapore-based firm is broke despite recent World Cup bonanza
By Terrence Voon
The world's first Fifa store opened to great publicity at Changi Airport Terminal 3 in January 2008, but has closed down as Global Brands Group was declared insolvent last month. -- BT FILE PHOTO
IT OPENED with a blaze of publicity at Changi Airport's Terminal 3 in 2008, as the world's first official Fifa merchandise store.
But the shutters have gone down at the outlet, and the offices of Global Brands Group (GBG) - Fifa's exclusive licensing representative - have been cleared out.
The Singapore-based firm was declared insolvent last month, and its directors have left the country, leaving only questions behind as to how one of the world's leading licensing agents went broke less than six months after the merchandising bonanza of the World Cup in South Africa.
GBG rose to prominence in 2005, when it landed an exclusive contract to manage Fifa's worldwide licensing matters from 2007 to 2014, including the 2010 and 2014 World Cups.
The deal allowed GBG to manage Fifa stores worldwide and oversee the manufacture of Fifa-branded products like apparel, plush toys and souvenirs.
But according to company documents obtained by The Straits Times, its chief executive Mark Matheny, an American, stepped down last month. He was replaced by an Australian, Mr Jason Kardachi.
Read the full story in Thursday's edition of The Straits Times.
waa today quite heavy volume in the first 40 mins.. any recommendations? will bb push this up? any TP?
can buy now at 0.125?
Should be having rebound soon
China Sports International Limited
referred to the press release announced on 8 January 2010 in relation to the agreement with Global Brands (Football) Pte Ltd (“GB”) to become the distributor of official Federation Internationale de Football Association (“FIFA”) football lifestyle clothing and accessories throughout the People’s Republic of China .
The Group has received a letter from FIFA indicating that FIFA had granted certain licensing and marketing rights to GB, and the FIFA Agreements had been terminated with immediate effect. According to FIFA, all rights previously granted to GB by FIFA are now reverted to FIFA and our distribution rights terminated. The Group would like to highlight that during the first nine months of FY2010, the sales of FIFA related products were insignificant compared to its own branded Yeli products and OEM footwear as FIFA related products accounted for less than 1% of Group sales.
/ps-i came i read i posted FYI
Nov 2010 (for record purpose)
China Sports International Limited. Not To Declare Dividend
Thursday, 11 Nov 2010 06:33am EST
China Sports International Limited. announced that no dividend has been declared by the Company for the period ended September 30, 2010.
Price Change (% chg)
$0.00 (+0.00%)
Prev Close
$0.12
Open
$0.12
Day's High
$0.12
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$0.11
Volume
1,908,000
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2,900,300
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$0.24
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//
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
CHINA SPORTS INTL LIMITED |
| Company Registration No. |
39798 |
| Announcement submitted on behalf of |
CHINA SPORTS INTL LIMITED |
| Announcement is submitted with respect to * |
CHINA SPORTS INTL LIMITED |
| Announcement is submitted by * |
NICOLE TAN SIEW PING |
| Designation * |
Company Secretary |
| Date & Time of Broadcast |
14-May-2010 21:41:11 |
| Announcement No. |
00259 |
| The details of the announcement start here ... |
| For the Financial Period Ended * |
31-03-2010 |
| Description |
Please see attached. |
| Attachments |
Total size = 56K
(2048K size limit recommended)
|
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
CHINA SPORTS INTL LIMITED |
| Company Registration No. |
39798 |
| Announcement submitted on behalf of |
CHINA SPORTS INTL LIMITED |
| Announcement is submitted with respect to * |
CHINA SPORTS INTL LIMITED |
| Announcement is submitted by * |
NICOLE TAN SIEW PING |
| Designation * |
Company Secretary |
| Date & Time of Broadcast |
25-Feb-2010 12:39:31 |
| Announcement No. |
00051 |
| The details of the announcement start here ... |
| For the Financial Period Ended * |
31-12-2009 |
| Description |
Please see attached. |
| Attachments |
Total size = 36K
(2048K size limit recommended)
|
- Director of Photographer By
- Edited By
- Casting By
- Production Designer By
- Producer By
- Executive Producer By
- Written By
- Directed By
- Music By
All by "1" trade... ('',)
i been holding this sport since May.... sleeping all the way... hopefully can go till 0.180 before year end.... Zzzzzzz
Hi guys
Looks like china sports is moving up today. Why I am still holding on to this counter for a while longer. (SGX Counter)
The recent drop in price could be a few factors in my mind.
EU still holding on anti-dumping duties on Chinese and Vietnam leather shoes
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1026531/1/.html
The basic reason there want to give smaller EU Nation a better change to compete with the above shoe manufacturers.
Secondly mostly like after rights issue most traders are leveraging their investement and maybe taking short term profit.
However if you look at
China Sports there are sort of re-inventing themself from shoe manufacturing to apparels, accessories and not forgetting the growing consumer market in China itself.
The second stock i have invest in is sinotechfibre it dip for a period; Lately i have notice at my basic chart a cup shape formation.
My target sell price for the moment is 0.195 cents and than wait and see how it moves.
Good luck in your trades
ezy
Penny Stock Tips :
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Disclaimer…The subject matters expressed above is based purely on technical analysis and personal opinions of the writer. it is not a solicitation to buy or sell.
Anyone got any comment over China Sports movement recently ??
Like not moving much at all.....
I just watch the news today, USA consumer index is upwards this month. That is a relief, since the lastest bad news on Dubai which created Global markets to dip for a short period and not forgetting certain parts of EU Countries which followed after which; Looks like most of the sports counters are moving upwards now.
Looking to hold on to China Sports for a while longer. I have also recently invested on Sinotechfibre guess most are dumping this stock due to poor aduit result. However there into a niche business related to supply of raw materials for apparels and accessories.
Good Investing
ezy
Global Penny Stocks News
www.stockkit.info
Hi
Most of the
sports counter looks positive right now only hope it starts moving upwards, just my guess maybe it is the year end xmas , new year and 2010 chinese new year so most likely a steady demand for consumer goods in the next few months.
regards
ezy
www.stockkit.info
hi
For the last few days china sports has drop by 0.16 to 0.165 cents last few days ; if we look at the SGX index is also drop from estimate 2700 points and today is 2645.(so overall most counters have been hit.)
Guess it must be panick selling. Secondly China is tightening is lending policy. Third i am guessing they is also concern on inflation in China.
However i am still positive on china sports there not only cater for local consumers but also overseas markets. However can it maintain is price competitive retails prices.
Lately i watch the news there was mentions on higher import tax for chemicals so i am not so sure it will effect the sports accessories manufactures any comments.
tks
ezy
Global Penny Stock News
www.stockkit.info
Disclaimer…The subject matters expressed above is based purely on technical analysis and personal opinions of the writer. it is not a solicitation to buy or sell.
ezy123 ( Date: 21-Oct-2009 01:07) Posted:
Hi
agreed this stock looks positive now bought a few lots last week at 0.185 cents, i expect it should break the 0.20 cents anytime soon
regards
ezy
Global Penny Stock News www.stockkit.info
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Hi
agreed this stock looks positive now bought a few lots last week at 0.185 cents, i expect it should break the 0.20 cents anytime soon
regards
ezy
Global Penny Stock News
www.stockkit.info
A very nice chart.
Clearly it is a trading stock, UP and down, UP and down, UP and down, UP and down....
accumulating in process..........good smell
chartist2009 ( Date: 08-Oct-2009 23:29) Posted:
Hi All~ ,
This counter is forming ascending triangle. From chart, we can see that the uptrend support line is shifting upward abit (from blue to green), this shows that the buyer is getting fierce, they are willing to pay higher to boost the share price.
Start from yesterday, the share price is crossing EMA50 (bullish), stochastic and chaikinosillator also back from oversold zone and over 0 level.
Its time to accumulate your share price and be patient....
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Hi All~ ,
This counter is forming ascending triangle. From chart, we can see that the uptrend support line is shifting upward abit (from blue to green), this shows that the buyer is getting fierce, they are willing to pay higher to boost the share price.
Start from yesterday, the share price is crossing EMA50 (bullish), stochastic and chaikinosillator also back from oversold zone and over 0 level.
Its time to accumulate your share price and be patient....
This babe is not too sweet at the moment.
Hope BB will sweenten it soon.
Alligator ( Date: 08-Oct-2009 08:52) Posted:
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