Unravelling XINQUAN
XINQUAN, the Hollow Story (First shot) 星泉空城计 (第一炮)
Signboard directing the location of Xinquan. Note the word "Gertop" on the white building
Never see a double Reception Counters in my life......but only 2 girls manning them. That also after we entered and pressed the bell to call the Receptionist out. They switched on the light at the backdrop, only after we have arrived. Strange feeling, are they temp?
我们到步后在柜台按铃才竄出来的接待小姐。那偌大的招牌还是我们提醒后才开燈的呢。对她们有点象是临时演员的感觉！
What a BIG Production Office with a handful of staff. No phones ring, nothing on their desk.
超大的生管部（生产管理部），但是员工都无所事事。看手机，打电玩。
Maoist era machineries
毛主席红旗兵时代的残旧机械
Warehouse with pathetic investories (2014 Annual Report's Inventories were RMB 42m, doesn't look like it to me by miles)
此倉厍不象公司 2014 年报里所述的有人民币 42,000,000的货存
Material Warehouse with a few bags of resin and only two staff
就算加上原料倉库里的化学原料也沒有人民币 42,000,000的货存呀！
Production lines idle with no production. Note the empty boxes at the far end that we checked out
停顿了的鞋底生产线，篮里也是空空如也。员工们站立做戏的还蛮直的喎。（不象一般有此規模的工厂，员工们都没穿著制服，更加重了我们怀疑他们是临时演员的身份）
Finished shoe soles ready for packing. Only a few boxes
制成品只是那小貓三四隻
.....More pictures in ensuing articles
下回更勁的爆料照片！
http://klse.i3investor.com/blogs/ncnscscn/89011.jsp
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Discussions
17 people like this. Showing 50 of 117 comments
Bursa / SC kindly look into his matter in order to protect the interest of shareholders.
2016-01-02 23:32
This is a very serious accusations. If the story is true, this company should be investigated. If the story is false, charged the person or people who created this false story undermining the company.
2016-01-03 10:46
This company should be investigated to protect the interests of minority shareholders!!
2016-01-03 16:52
good luck Xinquan shareholders, I hope these pictures are not true though...
2016-01-03 19:16
when mr koon walked out from the AGM (according to those attending the AGM), he will dump all his shares and stay away forever from this dragon counter. u can imagine the price of Xing Quan
2016-01-03 20:42
Uncle Kyy, cut loss la, ok or not? I worry of your RM30 million con by this China company
2016-01-03 22:15
1 out of 36 art of warfare already knock out ppl liao....35 more to come and to be revealed? Better apply the last one....RUN
2016-01-03 23:05
Hahaha....audited report definitely is fake, but asking money is true ! Another Holland master is promoting his Holland ship of xinquan.
2016-01-04 00:00
a country where properties are allowed to be use as collateral to buy stocks, one must be joking to even consider risking into such venture. It's just another subprime mortgage meltdown waiting to burst it's bubbles. beware you have been warned.
2016-01-04 00:58
When kyy start to promoting his stock, it means is time to off load his stake to other victims.
2016-01-04 09:16
XinQuan is where superego gets pricked by sharp accounting practice; where KYY meets his Waterloo but still refuses to admit he's been beautifully conned by nicely presented numbers in annual financial statements. He can't be wrong so he still buys more shares despite being trapped for years in the XinQuan story.
2016-01-04 10:28
Run quickly run... by the way, i heard from one shareholder that there was this ex convict in the AGM talking to the Xing directors.. must be they hire him.. i ask the shareholder to give me this picture then i upload, see anyone recognise him..
2016-01-04 11:41
if you all read my reply last time in the blog KYY explained why he bought the share, i already shoot my comment there. He buy is his business, why let us know? trap us lo. Sometimes rich person did a lot of bad things before get rich too. Don't over believe on rich person.
2016-01-04 20:47
ya lah..we all have rm32M to buy all his shares le. and he trapped me buying liihen, latitud, geshen and VS. I really so hate uncle koon for telling all of u here what to buy. hate him a lot. : )
2016-01-04 20:54
great works robertl, thumbs up for the great efforts done. I would say it benefits minor shareholders...
2016-01-04 21:29
robert1 - good to see you utilize mr peter lynch's approach by visiting the site.
2016-01-04 23:07
If want to trap your , still wan to donate Rm 50,000,000 meh ? I type 50,000,000 because some guy dunno 50m is how many 0 。Trap don't want to do home work guy money to donate I think is a good thing 。 hahaha
2016-01-05 02:00
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fake photo...................it just try to scare KYY!!!!!!!!
2016-01-02 21:41