When I read that a fire at China Paper had destroyed their financial records, I started asking myself many questions. So coincidental, the fire can just burn the financial records and the rest of the premise is unaffected?? So who put out the fire? The fire-brigade or their own staff? If it takes them one hour […]
The past week has seen more S-Chip companies make the headlines for the wrong reasons. First, SGX ordered China Sky Chemical Fibre to appoint a special auditor to investigate some of the company’s financial dealings. This was over some repair and maintenance costs of around S$15 million incurred in 2009 as well as some interested […]