Ausnutria Dairy 1717

[winston]

Vested. After being responsible for 76% of the turnover today, they can only move it up by 1.6% only....

Buyback of 2.2m shares out of 2.9m shares traded today.

Till date, they have bought 4.05m shares.

http://www.hkexnews.hk/listedco/listcon ... 926465.pdf

[winston]

vested

Buyback of 700,000 shares out of 990,000 shares traded,

Yet, it went up 3.8% only ..

http://www.hkexnews.hk/listedco/listcon ... 927379.pdf

[winston]

vested

Buyback of 900,000 shares out of 1.3m shares traded today.

They control the market yet it dropped 2.2%.

What am I missing ?

http://www.hkexnews.hk/listedco/listcon ... 928330.pdf

[winston]

Vested

Buyback of 963,000 shares out of 1.27m shares traded.

Down 1.5%. Who's getting out ?

http://www.hkexnews.hk/listedco/listcon ... 930624.pdf

[winston]

vested

Buyback of 500,000 shares out of 2m shares traded

Down 3%

[winston]

vested

China Baby-Formula Maker Buying Arsenic Debt Reveals Unsecured Trust Loans By Shai Oster

A Chinese baby-formula maker selling imported Australian milk to safety-conscious parents invested in the risky debt of lead, arsenic and cadmium refiners, seeking higher returns for its cash.

The uncollateralized investment, sold by a middleman known as a trust, promises to pay Ausnutria Dairy Corp. about double China’s benchmark savings rate.

http://www.bloomberg.com/news/2011-10-0 ... risks.html

[winston]

vested

Buyback of 500,000 shares out of 1.41m shares traded today.


http://www.hkexnews.hk/listedco/listcon ... 010433.pdf

[winston]

vested

Ausnutria Dairy (1717): E&Y has unresolved issues about our sales

Company announcement, 10-Apr-2012

http://www.hkexnews.hk/listedco/listcon ... 410801.pdf

[winston]

Vested . Seems I have always forgotten Warren Buffet's advice on Quality Management...

Strict conditions for dairy firm by NATALLIE CAI

Ausnutria Dairy (1717), suspended since March 29, will have to answer all questions posed by its auditor Ernst & Young before it is allowed to trade again.

The company said it received a letter from the local bourse on June 26 listing the conditions it must meet.

These include an independent professional adviser conducting "forensic audit and investigation", to address all the issues raised by its auditor and informing the market of the investigation results. It must also reveal more financial numbers.

Ausnutria also has to put in place "adequate financial reporting procedures and internal control systems" to meet listing rules.

The mainland private- funded milk producer has appointed BDO Financial Services as its independent professional adviser after Ernst & Young questioned inventory and account receivables of one of its mainland units.

http://www.thestandard.com.hk/news_deta ... 20704&fc=4

[winston]

Delay in Publication of Reports

The board of directors of the Company (the “Board”) has engaged

(i) an Independent Professional Adviser to assist the Special Review Committee to review certain observations made by the Company’s auditors, Ernst & Young in the EY Letter in respect of the Unresolved Issues and

(ii) an internal control consultant to assist the Special Review Committee in the review of the internal control policies of the Company and Ausnutria China relevant to the Unresolved Issues.

http://www.hkexnews.hk/listedco/listcon ... 830497.PDF