can apply thru maybank2u eshare already..
closing date next Monday, but i think i will not take the risk since so many negative comment about the high ipo price of this counter

seems that they are having completion & compliance certificate problem...
check their latest announcement....now applying for additional time....

http://www.pam.org.my/ccc.asp

Type
:
Announcement
Subject
:
JCY INTERNATIONAL BERHAD ("JCY” OR “COMPANY")
- Extension of Time to Obtain Completion and Compliance Certification

Contents
:
We refer to the approval letter dated 26 January 2010 (“Approval Letter”) from the Securities Commission (“SC”) for the listing of JCY on the Main Market of Bursa Malaysia Securities Berhad. Condition 1.2 (ii) imposed by the SC in the Approval Letter states that with regards to the property located at Plot 296 (PTD 63734), Tebrau IV Industrial Area, Mukim Tebrau, 81100 Johor Bahru, Johor Darul Takzim (“Property”), JCY is to obtain the Completion and Compliance Certification (“CCC”) within six (6) months from the date of the said Approval Letter.

On behalf of the Company, we wish to announce that an application for an extension of time of six (6) months up to 25 January 2011 for JCY to obtain the CCC from the relevant authorities in relation to the Property (“Proposed Extension of Time”), has been submitted to the SC and is currently pending the decision of the SC.

An announcement will be made upon receipt of the decision of the SC.

This announcement is dated 3 August 2010.



Announcement Details :

---

Added on August 6, 2010, 10:56 amstill don't know what's the consequences if can't comply with the SC approval letter

This post has been edited by sjz: Aug 6 2010, 10:56 AM

the problem now is SC haven't approve the extension of time...
means they would be in big trouble if the SC refuses to give extension of time...
don't know how much impairment losses would causes if the CCC can't be obtained soon enough

The Star didn't write the details but chinese press Sin Chew wrote HDD factory in Kawasan Perindustrian Tebrau IV...
So confirmed is JCY, don't think there's any other HDD factory in Kawasan Perindustrian Tebrau IV, some more today newspaper can see their bangla, nepel worker etc. etc. wearing JCY uniform...
They stopped working starting from yesterday, don't know had the problem been resolved... But this should be a serious 1, Sin Chew reported that their foreign workers stay in a utmostly poor situation in which 2 people in different shift sharing 1 bed and their pay is less than RM500..

But their share price seems to be moving the other way round...

might work the other way round...
coz laz time cimb give strong buy with TP 1.88, many go in, but later on goreng downwards..
now cimb and most research house cursing it, some even set TP as 0.60, it might ..... giv u a surprise...

the upcoming financial report's profit or loss is crucial...
if still making a loss, then definitely price will further plunging downwards without support.....
if it is making profit, then ....

i think should be on 28th of feb....
but this few days it might give you a surprise...

rebounce ??