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Wednesday, March 28, 2018

Midas uncovers another undisclosed liability.

https://www.theedgesingapore.com/midas-uncovers-another-lawsuit-against-dalian-subsidiary-unauthorised-guarantor

This is the 2nd case already and the ex-chairman is pleading innocence because he is unaware of such loans.

https://sg-stock.blogspot.sg/2018/02/midas-assets-are-frozen-in-china.html

Will there be more such cases?  Do you still have faith in this company?

1 comment:

Eric Ho said...

https://www.businesstimes.com.sg/companies-markets/midas-units-yet-to-remit-funds-due-for-noteholders-redemption

Midas may not have the cash as stated in its China bank account.