辛 Asean Trading Link: October 2013

Tuesday, 29 October 2013

GST Vs SST 消費稅Vs銷售及服務稅

Malaysia Prime Minister and Finance Minister Datuk Seri Najib announced Budget 2014. There is a lot of search on internet about Goods & Services Tax ( GST ). the difference between GST and Income Tax and difference between GST and Sales and Services Tax ( SST ). As there already have info on difference between GST and Income Tax. We will blog about difference between GST and SST.

Usually, Goods from factory will be charge Sales tax of 10% unless it is for export. Dinning in high class restaurant will be charge Services Tax of 6%. It is one stage tax and business cannot claim back tax on item purchase. Thus, factory have to pay whole 10% to government and Services provider have to whole 6% to government.

As Prime Minister used carbonated drink as example. We used to illustrate the difference.

Under existing SST. Manufacturer of Carbonated drink like Coke, Sarsi etc, have to pay 10% Sales Tax to government. When the can reach restaurant. Restaurant charge another 6% services tax. Thus, Restaurant have to pay 6% to government. Actually, consumer paid total 16% (10% +6%)

Illustration 1 :

                               Manufacturer----->wholeseller-------->Restaurant
Selling Price               RM0.36------------>RM0.80------------>RM1.60
Sales & Services Tax RM0.036----------->--------------------->RM0.096
Total SST RM0.132

Under GST. First, the rate will be standard. Manufacturer no longer paid 10% sales tax but 6% of GST. And when the can reach restaurant. Restaurant also charge 6% to consumer. total consumer paid is 12% (6%+6%). It seem GST of 12% less than 16% under SST.

Illustration 2 :

                             Manufacturer----->wholeseller-------->Restaurant
Selling Price                RM0.36------------>RM0.764---------->RM1.53
Goods & Services Tax RM0.022----------->--------------------->RM0.092
Total GST RM0.114

However, as GST is multi stage consumption tax. thus, Restaurant able to claim back 6% paid to manufacturer from government. The effective tax rate is lower.

As RM0.022 is input tax for Restaurant. Restaurant only pay RM0.07 (RM0.092-RM0.022) to government only but not RM0.092 above. Manufacturer will be responsible to pay RM0.022 to government but not Restaurant. Thus, government received total of RM0.092 but not RM0.114 under Illustration 2 above.

Illustration 3 :

                              Manufacturer----->wholeseller-------->Restaurant
Selling Price                RM0.36------------>RM0.764---------->RM1.53
Goods & Services Tax RM0.022----------->--------------------->RM0.092
Total GST RM0.092

Government received total GST of RM0.092 only in stead of RM0.114 under illustration 2 above. This is because Restaurant only pay government net of RM0.07after deducting RM0.022 input tax.It seem GST RM0.092 is lower than SST RM0.132. However, as GST is  multi stage consumption tax. Wholeseller also have to charge 6% GST.

Illustration 4a :
                              Manufacturer----->wholeseller-------->Restaurant
Selling Price                 RM0.36------------>RM0.764---------->RM1.62
Goods & Services Tax   RM0.022---------->RM0.046----------->RM0.097
Total GST RM0.097

After including wholeseller, Total GST received by government is still at RM0.097 is still lower than SST RM0.132. Price of goods RM1.62 still become higher than RM1.60 under SST.

However, as GST is multi stage consumption tax. Raw material supplier also have to charge 6%GST to manufactuer.

Illustration 5a :

                      Supplier--->Manufacturer---->wholeseller-->Restaurant
Selling Price   RM0.18----->RM0.382-------->RM0.81------->RM1.72
GST               RM0.011---->RM0.023--------->RM0.049----->RM0.103
Total GST : RM0.103

It seem total tax received by government under GST amounted to RM0.103 is still lower than SST RM0.132. It seem price of goods RM1.72 is higher than RM1.60 after including tax charges to wholeseller and raw material supplier. It appear that it is a lose-lose situation as government get lesser tax whereas people have to pay higher price for goods. Government only get higher income on charging more item from variety of goods in stead of selected goods of sales tax and services tax previously.

Input Tax credit of GST

Another argument is business able to claim back input tax credit . This is unlike Sales and Services tax

Under the existing sales tax system, businesses cannot recover tax paid on their purchases. The tax is treated as a cost to business. When the business applies a mark-up to that cost, the sales tax is also marked up.

Because sales tax is paid early in the supply chain, by the time the consumer pays the final price of the goods, sales tax has been “marked up” several times, increasing the cost to the consumer at each stage. This is known as tax cascading.

The input tax credit mechanism allows GST-registered businesses to claim the tax that they pay on their purchases as a credit. Therefore, GST does not form part of the cost base of the business and is not included in the mark-up. Businesses will impose GST based on the value added by them at each stage in the supply chain, resulting in the consumer paying a final 6% tax on the purchase price, rather.

We used illustration 4a and illustration 5ab above to see how if business never mark up as they able to claim back input tax credit:

Illustration 4b :
                                  Manufacturer----->wholeseller------>Restaurant
Selling Price                   RM0.36------------>RM0.72--------->RM1.44
Goods & Services Tax    RM0.022---------->RM0.043-------->RM0.086
Total GST RM0.086

Even raw material supplier come into picture. It does change much if trader able to claim back input tax credit

Illustration 5b :

                       Supplier--->Manufacturer---->wholeseller-->Restaurant
Selling Price RM0.18----->RM0.36-------->RM0.72-------->RM1.44
GST              RM0.011---->RM0.022--------->RM0.043----->RM0.086
Total GST : RM0.086

Both selling price and tax received by government remain same if input tax credit taken into account. Theoretically, total tax received by government will be lower to RM0.086 from RM0.132 and price of goods will be lower from RM1.44from RM1.60. Or RM1.53 after including GST. However, will trader like manufactuer, wholeseller, retailer willing to reduced price to take into account of input tax credit?

Both illustration 5a and 5b above indicated that government will received lower tax compare to SST. However, price of goods will be higher if trader never take into account of input tax credit. Price of goods will be lower if trader willing to take into account of input tax credit. Will they?

More info on Budget 2014 :

Budget 2014: Oil and gas sector likely to continue vital role
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763691&fromuid=1950303

Budget 2014: Citation centre will help boost our varsities
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763671&fromuid=1950303

Budget 2014: Support for SME plans
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763765&fromuid=1950303

Budget 2014: EPF welcomes move to raise SP1M contribution
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763667&fromuid=1950303

Economic Report 2013/2014: Trade surplus likely to narrow to RM64.3bil
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=751271&fromuid=1950303

Budget 2014: Expanding Internet access
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763370&fromuid=1950303

Budget 2014 : No more stuffed bras for cancer victims
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763664&fromuid=1950303

Budget 2014: RM3bil soft loans for maritime
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763688&fromuid=1950303

Budget 2014: RM1bil boost for aviation sector
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763679&fromuid=1950303

Budget 2014: Loan ceiling not enough, say traders
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763670&fromuid=1950303

Budget 2014: ‘Romba nandri’ to Indian community
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763668&fromuid=1950303

Anti-speculation measures outlined in Budget 2014
http://english2.cari.com.my/forum.php?mod=viewthread&tid=768781&fromuid=1950303

2014财政预算案 : 消費稅Vs銷售稅及服務稅

消費稅所帶來的衝擊大小，物價會否高漲，取決於商家的良心，商家應盡力配合政府，減少消費稅的負面影響。

在現有銷售稅制度下，製造商或進口商需向批發商徵收10%的銷售稅:

插图1

                                     工廠製造------------->批發--------------->零售
售價                             RM0.36------------>RM0.80------------>RM1.60
銷售稅及服務稅         RM0.036----------->--------------------->RM0.096
总稅数 RM0.132

但在後年落實消費稅後，製造商或進口商只能向批發商徵收6%的消費稅，換言之，批發商的成本將會下跌4%，是消費稅制的最大受益者。

插图2

                                     工廠製造------------->批發--------------->零售
售價                             RM0.36------------>RM0.80------------>RM1.60
消費稅                          RM0.022----------->------------------->RM0.092
总稅数 RM0.114

插图1及插图2显示消費稅总稅数RM0.114(RM0.022+RM0.092)比銷售及服務稅总稅数RM0.132(RM0.036+RM0.096)低

“消費稅對消費者有多項好處，包括避免雙重課稅。例如，酒店向製造商購買气水時需繳10%的銷售稅，然後酒店會把這項成本轉嫁到消費者的身上，加上消費者還要被徵收6%的服務稅，所以就被雙重課稅。”

不過，消費稅制度卻允許酒店向政府回扣在購貨時所繳交給製造商的消費稅（即進項稅，InputTax），無需把這項成本轉嫁到消費者的身上，而只是向消費者徵收6%的消費稅，消費者就能夠買到更便宜的气水。

插图3

                                     工廠製造------------->批發--------------->零售
售價                           RM0.36------------>RM0.764------------>RM1.53
消費稅                        RM0.022----------->--------------------->RM0.092
总稅数 RM0.092

插图3显示政府消費稅总稅收RM0.092比插图1銷售及服務稅总稅数RM0.132(RM0.036+RM0.096)低.甚至比插图2总稅收RM0.114低.消费税采行了“消费税回扣机制”，以将消费税回扣给商家.由于零售商能够索回消费税“进项税”（input tax）RM0.022.零售商消費稅只有RM0.07(RM0.092-RM0.022)政府消費稅总稅收RM0.092.工廠製造商RM0.022+零售商RM0.07.

雖然理論上如此，但他懷疑以“利”為本的商家是否會在享有政府回扣進項稅的同時，下調商品價格。

“再者，商家在配合落實消費稅的過程中，所承擔的成本雖可獲政府扣稅，但不排除可能會轉嫁到消費者身上，造成短期的通貨膨脹。”

消費稅層層課稅,批發商也需要付消費稅

插图4a

                                  工廠製造------------->批發--------------->零售
售價                         RM0.36------------>RM0.764------------>RM1.62
消費稅                     RM0.022---------->RM0.046----------->RM0.097
总稅数 RM0.097

插图4a显示在批發商也需要付消費稅下,物價胀至RM1.62.政府消費稅总稅收RM0.097比銷售及服務稅总稅数RM0.132低.

消費稅層層課稅,原料供應商也需要付消費稅.

插图5a
                  原料供應商---> 工廠製造-------->批發----------->零售
售價             RM0.18----->RM0.382-------->RM0.81------->RM1.72
消費稅       RM0.011---->RM0.023--------->RM0.049----->RM0.103
总稅数: RM0.103

插图5a显示在原料供應商也需要付消費稅下,物價胀至RM1.72.政府消費稅总稅收RM0.103比銷售及服務稅总稅数RM0.132低.

雖然層層課稅，政府在推行消費稅（GST）機制上也制定了一套執行監督方式，即強制規定商家必須憑稅務發票（tax invoice）向政府辦理減稅手續，否則無法獲得減稅。

政府將從原料供應開始征收6%消費稅，但工廠、批發及零售商都可以憑稅務發票申領減稅，可以獲得免征收上一層已征收的消費稅，不會加重生產成本。

防消費稅納入生產成本考量到部份不良商家或在生產過程中，將消費稅納入自己的生產成本中，關稅局規定商家須憑發票才能申領減稅，因此可以防範商家擅自將消費稅納入生產成本中，導致物價上漲。

插图4b

                            工廠製造------------->批發--------------->零售
售價                  RM0.36------------>RM0.72------------>RM1.44
消費稅                RM0.022---------->RM0.043-------->RM0.086
总稅数RM0.086

負責消費稅事務官員說，舉例一件商品的售價1.44令吉，在加上6%消費稅後，實際售價是1令吉526仙，消費稅額為0令吉086仙；但是由於這件商品在原料、工廠至批發過程中，已經累積付了0令吉043仙的消費稅，因此在零售階段時所征收的0令吉086仙消費稅，必須減免累積的0令吉043仙，實際消費稅僅0令吉043仙。

插图5b
                原料供應商---> 工廠製造-------->批發----------->零售
售價        RM0.18----->RM0.36-------->RM0.72------->RM1.44
消費稅   RM0.011---->RM0.022--------->RM0.043----->RM0.086
总稅数: RM0.086

如果商家不将消費稅納入自己的生產成本中.物價RM1.44比銷售及服務稅时RM1.60低.政府消費稅总稅收RM0.086比銷售及服務稅时总稅收RM0.132低.可能否?

“從標准稅率的征稅表中，由於消費稅的征收方式有別於其它稅務，因此在層層扣稅後，表面上看消費稅不低，但實際繳付的消費稅額卻相對低廉。”

消費稅不是商家在制定物價時的考量因素，加上商家必須憑發票才能減稅，因此政府落實消費稅並不會影響商家制定物價。

制造批发阶段不课税消费者免忧税款转嫁

http://cforum.cari.com.my/forum.php?mod=viewthread&tid=3274549&fromuid=1950303

Friday, 18 October 2013

Samudra get Petronas project in Myanmar 东洋工程获国油2合约处理缅甸探勘油管

After we feature two Mynmar theme company. Tan Chong, Thai Beverage and F&N respectively. Another company, KEJURUTERAAN SAMUDRA TIMUR BERHAD get two contract from two subsidiary of Petronas : Petronas Carigali Myanmar Inc and PC Myanmar (Hong Kong) Limited respectively.

The project of 3 years for provision of tubular handling and running services for drilling campaign.

Petronas Carigali Myanmar Inc and PC Myanmar (Hong Kong) Limited for onshore for offshore respectively.

Kejuruteraan Samudra Timur Berhad must get Bank Guarantee to Petronas Carigali Myanmar Inc and PC Myanmar (Hong Kong) Limited amounted to USD 82thousand (RM269.65 thousand) and USD44thousand (RM143thousand ) respectively within 30 days of the awards.

The contract relatively small. However, it is a good start in Myanmar. As Samudra in financial difficulties recently. It is not sure whether Samudra have problem in getting the bank guarantee.

Myanmar theme was recomended by Jim Roger.

Update : The Edge : KSTB bags contracts from PC Myanmar, Petronas Carigali
Zhulian expects consumer goods exports to Thailand & Myanmar to boost sales
Samudra Timur selling Samudra Oil Services for RM80m to Destini Berhad

东洋工程获国油2合约处理缅甸探勘油管财经新闻财经 2013-10-06 09:09
http://www.nanyang.com/node/569384?tid=462

（吉隆坡5日讯）东洋工程（SAMUDRA，7185，主板贸服股）宣布，获缅甸国油探勘（Petronas Carigali）和PC缅甸（香港）有限公司，分别颁发为期3年合约。
根据文告，东洋工程将为缅甸国油探勘和PC缅甸的钻探活动，提供油管处理和运行服务，其中缅甸国油探勘的钻探活动在岸内，而PC缅甸的则在岸外。
合约价值未定
东洋工程向马交所报备，相关服务的价值，取决于缅甸国油探勘和PC缅甸的需求和钻探活动阶段，因此，目前未能确定两项合约的价值。
根据文告，东洋工程必须在合约有效日期的30天内，向缅甸国油探勘提呈由银行发出、8万2000美元（26万965令吉）、有利于缅甸国油探勘的银行担保。
同时，也必须在向PC缅甸提呈由银行发出4万4000美元（14万30令吉）、有利于PC缅甸的银行担保。
两项合约将在现财年（截至2014年6月30日）为东洋工程带来进账。

缅甸概念股

Monday, 14 October 2013

Soh Chee Wen involved in 3 designated stock in SGX 苏启文牵扯新加坡交易所股价3“指定股”暴跌停牌

The fallout stemming from the massive sell-off of Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltdis rocking the foundation of these companies and raising questions.

The spectacular collapse after a steep rise in the share prices of the those companies have now caused tongues to wag.

Names of shadowy figures behind the scene are whispered in circles in Malaysia, who are quite used to the idea of “operators” pushing up share prices of stocks on Bursa Malaysia in the past.

The rumour mill is in overdrive with the view that one Malaysian-tycoon is the invisible hand behind all the three companies as well as handful of others on the SGX, that are linked to this group.

A tenuous link?

While reports have highlighted that the companies involved in the selldown were linked through a complex web of shareholdings, it is difficult to prove those companies are controlled by one group or party.

The Edge reported that the current play is on stocks linked to businessman Soh Chee Wen.

Sources said company link to Soh chee Wen included Magnus Energy Group Ltd、Innopac Holdings Limited 、IPCO International Ltd and Annica.

Sources said that Soh chee Wen started invest in Innopac、IPCO International Ltd and Annica in 2000。And he only invested in Magnus Energy Group Ltd in 2003 and 2004。

Innopac acquisition of Australia's listed Merlin Diamonds gain much attention recently.

IPCO International Ltd 、Innopa和Annica and related party has gain 60% of Merlin Diamonds

Mr Lee Chai Huat bought 24 mln shares (a 13.65% stake) in Merlin Diamonds, through Newton Centre Development Ltd, on January 17.

He also bought placement shares in IPCO International on April 13, 2011 and also in Innopac Holdings on April 7, 2010. IPCO International Ltd is one of the substantial shareholders of Innopac.

herefore that makes him very close to people at IPCO and Innopac.

Lee Chai Huat has served as an assistant to Dato' John Soh Chee Wen about 2000 when John Soh was facing charges regarding Omega Securities scandal in Malaysia.

Gary Tan Boon Kiat is another such individual who bought 22 mln shares (a 12.51% stake) in Merlin Diamonds on March 8, with an announcement following two weeks later on March 21.

According to Reuters, Gary Tan Boon Kiat owns a 2.41% stake in Innopac and a 6.41% stake in Kuantan Flour Mills Bhd.

Asiasons has a 26% stake in another SGX-listed company ISR Capital. Datuk Md Wira Dani Daim (son of former finance minister Tun Daim Zainuddin) also owns close to 18% in ISR. Wira Dani also owns 6.35% in LionGold and 16.5% in Magnus Energy Group Ltd

Asiasons owns 8.41% in Lion gold, single largest shareholder.

Asiasons co-founded by Datuk Jared Lim, a former investment banker with Avenue Securities Sdn Bhd and husband of Dian Lee.

Dian Lee's Clearwater Development owns 10.62% in Blumont

IPCO International Ltd owns 9.71% of Blumont.

Meanwhile, Dian Lee's Clearwater Development owns 9.22% in Innopac. Blumont and IPCO International Ltd owns 8.67% and 8.2% respectively.

A tenuous link?

Update : Lim, Azlan claim no link to Soh

新加坡交易所股价暴跌停牌 3“指定股”牵扯苏启文

全国 2013-10-13 08:50

http://cforum1.cari.com.my/forum.php?mod=viewthread&tid=3224742&fromuid=1950303

苏启文掌控的公司，与3家新加坡上市公司持股关系错综复杂。

（吉隆坡12日讯）《The Edge》财经周刊报道，上周因股价暴跌被下令停牌和列入“指定股”的三家新加坡股票，几乎都和我国股市前红人拿督苏启文有关联。

新加坡3家挂牌公司股票暴跌40%至60%而被停牌的公司，包括博诺（Blumont）、亚昇投资（Asiasons）和瑞狮集团（Lion Gold），股价均先飙涨，随后暴挫。

非公司股东

由多名大马人持股的这3家公司在周一（10月7日）已复牌，但被新加坡交易所列为“指定股”（designated securities），必须遵守额外交易限制，不可“买空卖空”。

苏启文的名字突然被提起，是因为据说由苏启文掌控的公司，与这3家新加坡上市公司之间有着错综复杂持股关系。但奥妙之处是苏启文并没有出现在这些公司的股东名单中。

此外，这些公司的部分董事（据说跟苏启文有关）也直接持有3家新加坡上市公司的股权。

消息指，与苏启文有联系的新加坡上市公司包括Magnus能源集团、Innopac控股集团、Ipco国际和Annica控股，与上述3家公司有相关持股联系。

根据与苏启文相熟的消息人士指出，当初苏启文转至新加坡发展时，在2000年开始投资在Innopac、Ipco国际和Annica。而在2003或2004年，他才投资Magnus能源。

Innopac近日建议收购拥有钻石矿的澳洲上市公司Merlin钻石有限公司，而引起市场关注。

根据报道，Ipco国际、Innopa和Annica的一些相关人士已收购这家澳洲公司不超过60%股权，这当中一人为李财发（译音），他是苏启文在大马企业界活跃时的助手。

消息称，在1998年股市大跌后，并与资本市场监管单位发生问题后，苏启文转向新加坡去收购一些小型公司。

持股网络错综复杂

Magnus能源最大股东是前财政部长敦达因的儿子拿督维拉达尼，他直接和间接持有Magnus能源16.5%股权。

同时，他也是瑞狮集团第二大股东，直接和间接持有4.57%股权。

消息称，Magnus能源是维拉达尼首个大型的投资，这家公司收购印尼的煤炭厂后，在股市才有一番作为。”

瑞狮集团最大股东为亚昇投资，持股8.41%。

博诺

最大股东是梁金福（译音），持股14.36%；第二大股东是Clearwater私人有限公司，持股10.62%。

Clearwater发展由亚昇投资联合创办人拿督林杰尔的妻子———李静霖( 企业公主系列2 )掌控，她也是大马绿野集团主席丹斯里李金友的女儿。

另外，Ipco国际也是博诺的主要股东，Ipco国际在博诺直接或间接持股9.71%。

Clearwater发展持有innopac达9.22%，博诺和Ipco国际则分别持股8.67%和8.2%。

报道称，这3家上市公司，剪不断理还乱的持股关系，让人想起大马多年前发生的事，到底谁才是这些公司背后真正始作俑者，则不得而知。

南洋商报 : 狮城3 股跌停板传美国投行卖空股票惹祸

南洋商报 : 亚昇投资大马股东否认与苏启文有关联

Tuesday, 8 October 2013

Company related to Dian Lee suspended by Singapore Stock Exchange after plunge 李静霖有关连公司在新加坡跌停板

The Singapore Exchange Ltd suspended trading in three stocks on last Friday, warning the market may not be fully informed of the companies' affairs after a plunge in their share prices, with one falling more than 60 percent.

The bourse first halted trading in diversified company Blumont Group Ltd, whose stock has risen as much as 12 fold this year, after it slumped 56 percent in morning trade. It later suspended gold miner LionGold Corp Ltd and investment company Asiasons Capital Ltd.

Dian Lee's husband Datuk Jared Lim Chih Li is Managing Director, co-founder and substantial shareholder of Asiasons.Datuk Jared Lim, with a combined 49.3% or 483 million shares.with Datuk Mohamed Azlan Hashim.

Asiasons is the biggest investor in LionGold , has an 8.72% stake in LionGold

Dian Lee's Clearwater Development are subtantial shareholder in Blumont Group Ltd with a 6.97% stake or 180 million shares. .

Blumont and LionGold have a non-executive independent director in common.

The SGX also queried recent trading in three other companies, Innopac Holdings Ltd, ISDN Holdings Ltd and ISR Capital Ltd, which all fell sharply on Friday.

Asiasons is the biggest shareholder in ISR, while LionGold has a stake in Innopac.

In an exchange filing, Asiasons said it had been informed that there were "malicious market rumours that a team from the Monetary Authority of Singapore has been sent to the company's office to carry out investigations. The company confirms that such market rumours are false."

Earlier on Friday, Blumont said it had agreed on the terms of a proposed takeover bid of a foreign-listed coal mining company for up to S$146 million.

It had called a news conference for Friday afternoon in Singapore, but then postponed it without giving details.

On Friday evening, LionGold said it was in advanced talks to buy a stake in a gold mining company listed on three foreign stock exchanges, but the unnamed target firm was considering if the acquisition should continue in view of the suspension.

Asiasons Capital Group is an alternative asset investment and management group focused on opportunities in South-East Asia.

LionGold is a gold company with primary concessions in Australia, Ghana and Bolivia. Based on its website, the acquisition of a Canadian gold miner was now pending.

Blumont, meanwhile, invests in minerals and energy.

This is not first time commodity company on SGX being a short seller target. Earlier, Olam International has been short selling by Carson Block of Muddy Water.

Update : Singapore's Asiasons Capital tumbles after lifting of trading halt
New shareholder fails to lift Blumont; Asiasons and LionGold also fall
Malaysian play in Singapore gone awry
Board to focus on repairing damaged reputation
Three S'pore-listed M'sian companies bounce back doubling share prices
Platinum Partners invested in Asiasons, Blumont, LionGold before share collapse
Penny stock debacle: More stakeholders take court action
Lawsuits may provide answers on $8b meltdown
Asiasons salvages deal with US oil firm

李静霖有关连公司在新加坡跌停板

綠野集團（CHHB）創辦人丹斯里李金友千金 李静霖 有关连公司上星期在新加坡跌停板.

李静霖丈夫Datuk 林杰尔是亚昇投资Asiasons董事经理与联合创始人. Datuk 林杰尔与莫哈末阿茲兰透过亚昇投资管理公司掌握38.4%股权。

亚昇投资Asiansons 在瑞狮集团LionGold Corp Ltd 有8.72%股份.

Datin 李静霖公司Clearwater Development 在博诺Blumont Group Ltd 有10.62%股份.

以上三公司亚昇投资Asiansos,瑞狮集团LionGold Corp Ltd与博诺Blumont Group Ltd上星期五在新加坡跌停板.

不过,之前也有其他原产品公司如奥兰国际（Olam International）爆出股票在新加坡股市遭美国卖空集团“狙击”

亚昇投资Asiansons 是ISR Capital Ltd最大股东.瑞狮集团LionGold Corp Ltd 是Innopac Holdings 股东. ISR Capital Ltd 及Innopac Holdings 虽下跌但没停板

Singapore's Asiasons Capital tumbles after lifting of trading halt
狮城3公司暴跌被停牌多名大马人持有股权

New shareholder fails to lift Blumont; Asiasons and LionGold also fall

辛 Asean Trading Link

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Tuesday, 29 October 2013

GST Vs SST 消費稅Vs銷售及服務稅

Friday, 18 October 2013

Samudra get Petronas project in Myanmar 东洋工程获国油2合约处理缅甸探勘油管

Monday, 14 October 2013

Soh Chee Wen involved in 3 designated stock in SGX 苏启文牵扯新加坡交易所股价3“指定股”暴跌停牌

南洋商报 : 亚昇投资大马股东否认与苏启文有关联

Tuesday, 8 October 2013

Company related to Dian Lee suspended by Singapore Stock Exchange after plunge 李静霖有关连公司在新加坡跌停板

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Business News

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Tuesday, 29 October 2013

GST Vs SST 消費稅Vs銷售及服務稅

Friday, 18 October 2013

Samudra get Petronas project in Myanmar 东洋工程获国油2合约 处理缅甸探勘油管

Monday, 14 October 2013

Soh Chee Wen involved in 3 designated stock in SGX 苏启文牵扯新加坡交易所股价3“指定股”暴跌停牌

南洋商报 : 亚昇投资大马股东 否认与苏启文有关联

Tuesday, 8 October 2013

Company related to Dian Lee suspended by Singapore Stock Exchange after plunge 李静霖有关连公司在新加坡跌停板

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Business News

Samudra get Petronas project in Myanmar 东洋工程获国油2合约处理缅甸探勘油管

南洋商报 : 亚昇投资大马股东否认与苏启文有关联