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  "documentTitle": "Superb Summit International Group Limited (1228.HK)",
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  "authorName": "Carson C. Block",
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  "presentationDate": "2014-11-20 00:00:00",
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  "notes": "The text highlights discrepancies between company announcements and actual business outcomes, framing them as failures.",
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      "text": "Thus, in our view, the forestry business is only a 95% failure. Regardless, the forestry business seems like a stunning success compared to all of Superb Summit’s other announced ventures though.",
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      "text": "1. Standardization in trading of sawn wood; 2. Standardization in trading of medium density fibreboard; 3. Standardization in trading of particle board; 4. Standardization in trading of joinery board; and 5. Standardization in trading of plywood;",
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      "text": "Failure #2: China electronic timber exchange initiative is a failure",
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      "text": "Failure #3: Timber exhibition center initiative is a failure",
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      "text": "However, Superb Summit managed to report a cumulative total of only HK$194 million in forestry-related revenue in the seven full years it has owned the forestry business. Superb Summit paid HK$1.8 billion for the forestry business.",
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      "text": "By proceeding to comprehensive and in-depth research, investigation and analysis on the issue of standardization of the current transaction flow in sawn wood and major wood-based panel, making reference to the relevant information in domestic and overseas timber trade standardization as well as conducting on-site investigation and study, the following five sets of standards to China’s timber trading activities were proposed by the Study and being reviewed by experts of the National Technical Committee 41 on Timber of Standardization Administration of China, which served to lay the foundation in facilitating related industry standards in the future and in establishing a well-regulated timber trading market: 1. Standardization in trading of sawn wood; 2. Standardization in trading of medium density fibreboard; 3. Standardization in trading of particle board; 4. Standardization in trading of joinery board; and 5. Standardization in trading of plywood;” — June 19, 2008 announcement",
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      "text": "22 June 8,2007... 23 Total consideration paid... 24 Oct. 21, 2008... 25 June 19, 2008...",
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