LOOK OUT FOR SYNEAR FOOD !

Maybe it is because I am the one collecting.
At the rate that I am buying, I may emerge as one of the top 20 shareholders of the Company.

MacGyver, what do u see in this stock? No doubt it is a major food player but the financial performance has been un-inspiring. Unless, one believes that the numbers are massaged to be uninspiring so that.... u knowwhat.

Anyway, was doing some checking on the boss. Here is info from Forbes 2007.


The World's Billionaires
#891 Li Wei
03.08.07, 6:00 PM ET
Age: 38

Fortune: self made

Source: dumplings

Net Worth: $1.0 bil

Country Of Citizenship: China

Residence: Zhengzhou , China, Asia & Australia

Industry: Food

Marital Status: ,

Education:

Li, who holds a college degree in journalism, once did publicity work for a government agency. Later founded Synear Food Holding, which is now one of China's largest producers of frozen food, including meat and sweet dumplings. Group is an official supplier to the Beijing Summer Olympics in 2008. Listed on the Singapore stock exchange last year. Li also invests in property.

If the same boss is privatising Centraland, he won't be able to swallow Synear anytime soon.
Even if he has a plan, it will have to wait ....until at least early next yr. 

There is a newspaper report today on one of Synear's food products being found to be unhygenic in June.  Sensational stuff --- about investors selling down the stock becos of that report that came out recently. Actually, ifyou ask me, it's just a bearish market overall yesterday , that's why the stock went down . This morning, Synear is back up again at 13.3 cents

Small matter:

The total retail value of the recalled batch of savoury dumpling products amounted to RMB40, 000, which will have no material impact on the Group’s performance for the financial year ending 31 December 2011 (“FY2011”). Historically, sales of savoury dumpling products account for approximately 40% of the Group’s full-year revenue. The Group is currently monitoring market conditions and feedback closely, and is unable to assess the potential impact of the incident on its FY2011 financial performance at this stage.


info.sgx.com/webcoranncatth.nsf/VwAttach..._PRC.pdf?openelement

mcgyver how are you doing with synear ???