Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Hunt who wrote (26815)	1/23/1999 5:23:00 AM
From: John Hunt	Read Replies (2) of 116764

Questions raised over lost $1b at failed Yi F Trading << Creditors yesterday called into question how $1 billion in assets could not be recovered from Yi F Trading, the Hong Kong investment arm of the Hubei provincial government that was last week put into liquidation. The queries were raised as creditors - including about two dozen banks - were told at a meeting they might recover as little as 1.5 per cent of their money, based on figures from Yi F's directors. The firm was estimated to have assets of $1.05 billion as of November 30 last year against $1.1 billion in liabilities. But the estimated realisable value of the assets was put at only $16.9 million. The firm owed banks a total of $825.2 million. -- cont'd -- >> scmp.com **** Bank of China unit in probe on deposit-taking << The Hong Kong Monetary Authority (HKMA) is looking into alleged unauthorised deposit-taking activities by Hong Kong Macau International Finance, which is controlled by the Bank of China. -- cont'd -- >> scmp.com ******** A billion here, a billion there and pretty soon you are talking 'big money'! :-)) Looking more and more like a lot of the 'assets' in Hong Kong and China are not worth the paper they are printed on. Is a Yuan or HK$ devaluation just around the corner?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next