Moving from 9.5 sen to 10.5 sen today 25/07/2018.

Koon Yew, where are you?

Today, Sellers 22 Mil. Buyers 10Mil - 80% done at 0.15 sen. Total Done 33Mil shares.

Buying 3Mil Shares is not enough to convince investors, Erwin. Someone posted to sell 27Mil shares at 2.5sen at one point of time in the afternoon session, but retracted the post after seeing the ppl throwing at 2.0sen because the 2.5 sen waiting to sell is huge.

Think Msports should punish Lin Houzhi and Lin Liying shares and put them all to be zerorised. Can Msports do that? Or just cold storage their shares and cannot be traded until they re-appear again to see our new management under Paramjit Singh and Erwin.

Looks like Lin Houzhi and Lin Liying are full of shits being sued by so many bankers and others. As long as the company now comes clean with the blessings and agreements of all the authorities concerned...Msports can start anew as a brand new Public Listed Company in Malaysia.

Multi Sports Holdings Ltd
and its subsidiaries
77
Litigation
The Company has sought the assistance of lawyers in China to identify and confirm the existence of litigation
involving the subsidiaries and primarily, Jinjiang Baixing with a view to providing us with the official cause papers,
pleadings and evidence filed in the suits. Due to difficulties in accessing information, the lawyers have only been
able to access publicly available information. In April, 2018, we received a report on the status of the various
cases affecting the subsidiaries based on which an announcement dated25 April 2018, the relevant portions of
which are as follows:
1. Due to restrictions by the Chinese courts on the disclosure of and the means of gathering litigation information,
and legal and bureaucratic barriers to the access of private information and company documents in China
involving the PRC subsidiaries, the board in Malaysia has been forced to rely on available public information
and whatever court information is available to non-parties to the litigation, which is by nature incomplete.
2. The following information is based on the best available information from searches carried out by lawyers in
China that we have currently however it is presented with the caveat that we have been unable to access the
actual pleadings and court documents to verify the secondary sources and there may be factual inaccuracies;
further litigation; or subsequent developments in the litigation discussed below that we have yet to discover.
3. The board does warrant or undertake any liability for the accuracy and completeness of information and
materials of the cases involved that have been gathered and organized based on publicly available information.
4. We refer to the table below setting out the key details of the litigation identified.
5. According to the available but incomplete data, Jinjiang Baixing Shoe Materials Co., Ltd. was involved in 24
lawsuits from 2014 till April 2018. The financial amounts involved in the lawsuits were approximately RMB
518.13 million yuan (excluding the objects/value of subject matter of litigation where not stated.
6. Litigation in 2014: There were 2 cases in 2014. The total amount that was the subject of the litigation was
RMB 18.8 million yuan.
a. The value of litigation brought by plaintiff Quanzhou branch of China Minsheng Bank Holdings
Limited, Quanzhou Branch, was 13.8 million yuan.
b. In the second case, the value of the Plaintiff’s claim, Jinjiang Yuancheng Microfinance Co., Ltd. was
5 million yuan. Lin Houzhi is listed as a defendant. The 2 cases were settled through reconciliation
and withdrawal of the lawsuits.
7. Litigation in 2015: There were 5 cases found to have been taken in 2015. The total amount in the objects of
litigation was above RMB 30.002 million yuan (excluding the objects of litigation of unknown cases).
a. The value of the claim filed by Wang Qingyun as plaintiff was 5.8 million yuan, and the case was
settled through reconciliation and withdrawal of the lawsuit. Lin Houzhi is listed as a defendant;
b. the value of the claim filed by Xiamen Port Trading Co., Ltd. Was 2.44 million yuan;
c. the value of the claim filed by Fujian Straits Finance and Leasing LLC was 21.843 million yuan. Both
Lin Houzhi and Lin Liying are listed as defendants;
d. the value of the claim filed by Wanjiang Financial Leasing Co., Ltd. was unknown. Lin Houzhi is
listed as a defendant;
e. the value of the claim filed by JingjiangYigao Exhibition Equipment Co., Ltd. was 0.919 million yuan.
8. Litigation in 2016: There were 14 cases from 2016 and the total amount in the objects of litigation was above
RMB 450.972 million yuan (excluding the objects of litigation of unknown cases).
a. There were 2 claims by Shishi branch of the China Construction Bank Holdings Limited, the value of
the claim was 296.54 million yuan. Both Lin Houzhi and Lin Liying are listed as defendants;
b. the value of the claim by the Fengze sub-branch of Rural Commercial Bank of Quanzhou Limited
was 29.86 million yuan. Both Lin Houzhi and Lin Liying are listed as defendants;
Multi Sports Holdings Ltd
and its subsidiaries
78
c. the value of the claim by Bank of Quanzhou Holdings Limited was 18.335 million yuan. Both Lin
Houzhi and Lin Liying are listed as defendants;
d. the value of the claim by the Fuzhou branch of Ping An Bank Holdings Limited was 52.89 million
yuan. Lin Houzhi is listed as a defendant;
e. the value of the claim by the Quanzhou branch of China Everbright Bank Holdings Limited was
unknown. Lin Houzhi is listed as a defendant;
f. the value of 2 claims by the Jinjiang branch of Industrial and Commercial Bank of China Holdings
Limited was 29.499 million yuan;
g. the value of the claim by Fujian Straits Finance and Leasing LLC was 19.79 million yuan. Both Lin
Houzhi and Lin Liying are listed as defendants;
h. the value of the claim by Deng Yunhua was 0.265 million yuan;
i. the value of the claim by Cai Mingyue was 1.169 million y

11. Looking forward, pursuant to Paragraph 4.1(b) of Practice Note 17, the company is actively pursuing a
regularisation plan and the Board of MSPORTS anticipates that the said Regularisation Plan may result in a
significant change in the business direction or policy presently adopted by the Company. The Company is now
seeking a suitable business or asset that will meet the criteria to maintain the listing status of MSPORTS on the
Main Board of the Malaysian Stock Exchange within the timeframe allocated to the Company under its PN17
status.

Copied from their 2016 Annual Report :
As set out in Note 30 to the financial statements, we have confirmed (to the best of our ability given limited rights of
access to information), the existence of 24 litigation cases that were taken against the main subsidiary,
JinjiangBaixing,from2014 till April 2018. The financial amounts involved in the lawsuits were approximately RMB
518.13 million yuan and in some of the cases, either or both Lin Liying and Lin Houzhi are named as defendants to
the claims.
3. As set out in Note 20 to the financial statements, the new directors have concluded that they have no option but to
deconsolidate the Company’s subsidiaries in the PRC as at 31 December 2016 based on a pre-existing loss of
control and their inability to re-gain control of the subsidiaries since taking office. As such, the Company’s
investment in the subsidiaries will be written down as a disposal and going forward, the subsidiaries financial
statements shall not be consolidated into group accounts. In the event that the Company regains control over the
subsidiaries or underlying assets, these will be captured and recognised in the Company’s accounts again.

True....wait till the ex-Chinaman boss and her daughter dump all their shares first afterall 0.5 sen is still the lowest we can get from both of them. Those cannot wait can buy now at 1.5 sen or 1.0 sen. Everything is possible. Buy some to keep for better announcements later coz I am sure there are something which the new mgmt found worth re-listing after doing their in-depth studies and personal interrogations and audits of the Msports properties in China. The new managements are a team of smart people, right?

if I can buy over this Msports cheap cheap, I would probably backdoor list my own company into BSKL. Why not?

Probably RMB4 Million is only the overall works done, hotel and flight costs by the new mgmt in China plus Auditors fee plus all misc and legal fees such as mandatory licences renewal in China, Bermuda and Msia. Seeking advises from all counterparts need expenses too. All anew. So no worries lah. Maybe there assets in China suddenly appear back into our Balance Sheet thus bringing back sudden gains for what Msports had written off all to losses in 2016.

Someone wants to list his or her company or companies into BSKL can now buy up Msports and the licence to list alone is worth at least a few millions. Anyone interested....pls buy up fast now.

Time to buy back your losses and win big. Msports now a Malaysian Controlled PLC. Opportunity like this seldom happen. One good announcement, this Msports will fly 500% at least. If dead, sure dead already. Why relist? Think.

Chow Chee Bai TM. I lost until I cannot see the road today. FARK THE NEW PH.

We all can support Dato Kasi to help him propose a Voluntary Liquidation for MK Land. The price is better. All Win Win situations.

in this way, Dato Kasi will get back multiple times more than the present share prices currently affecting the group.

Kg Boy thinks Dato Kasi may opt to request to dissolve MK Land and sell all the lands and properties away in view of the following :- 1. Falling Share Prices 2. Dato himself got no more say and directorship 3. RM80Million urgent payment to IRB empty up the company's cash, 4. MK's failing health and 5. MK's daughter not of MK's business quality and expertise.

Good. Will hold MJ Perak. Thanks Calvin Tan.

https://www.iproperty.com.my/property/petaling-jaya/section-51-pj-jalan-tandang-petaling-jaya/sale-4649206/ Just a simple search......small land plus office selling at RM661 psf.....Imagine Amtek having 304,809 sg ft worth RM200 Mil only reported in their latest account as RM6 Mil.

Another good buy is Amtek. Their piece of land in PJ is currently worth around RM85 mil to RM140 mil but they still report it at cost ie RM6 Mil only. There is definately a huge valuation gain if they suddenly report this valuation in their annual account. Lately I receive their annual report. They still keeping low profile on this issue. So far, Amtek shares capitalisation is only RM15 mil.

You are Right. I changed my name to Kampung Boy. Thanks Purebear.

The Board of Directors:
Lin HuoZhi (Executive Chairman)
Lin LiYing (Executive Director cum Chief Executive Officer)
Naren Anand Gill (Non-Independent Non-Executive Director)
Clarence Yeow Kong Chew (Independent Non-Executive Director)
Guan Swee Kwee (Independent Non-Executive Director)
Terence Selvarajah A/L Peter Selvarajah (Independent Non-Executive Director)
To: The Warrant Holders of Multi Sports Holdings Ltd

Msports is still alive and kicking. That Lin Huo Xhi and daughter are still the Chairman and CEO of the group. Received Notice today but dated 09 Oct 2017 from Tricor Share Registrar.

The counter for Msports Warrant is open. Can key in to buy and sell but rejected. Why? Not open yet?

MK himself is an old man and is ever ready to let go of his business. Any takers in the market can easily take over the business at 26 sen now. The management team inside the group is well qualified and experienced in the field. No worry. Only the change of shares is coming soon once MK announced his total retirement. Same same story I assume for ASB - Ahmad Sebi for Advance Synergy Berhad. Both ASB and MK Land are very successful and cash rich companies. Only time will come that their shares will fly to the NTA levels.

.... it appears that these plots are the parcels purchased by Mammoth Empire in 2010 and 2011. Records showed that in 2010, Mammoth Empire had bought a 41-acre site and a 16.83-acre site on Jalan PJU8/8 from Saujana Triangle Sdn Bhd.

Saujana Triangle is a wholly-owned subsidiary of MK Land Holdings Bhd. Both parcels were purchased for an estimated RM130 million. The price of the larger parcel was an estimated RM55 per sq ft, and the smaller one at RM40 per sq ft.

In 2011, Foster Estate purchased another parcel of land along Jalan PJS 8/8. This 6.33-acre parcel was purchased from Crest Builder Sdn Bhd, a unit of Crest Builder Holdings Bhd, at RM57.53 million or RM208 per sq ft.


RM 40 per sq ft versus RM 208 per sq ft, why is the land bought from Crest at a price 5.2 times as high as the land bought from MK Land, roughly at the same time?

The difference looks extreme, minority shareholders of MK Land should query their company if the land was sold too cheap...Quote extracted from MA Wind.

Bought another 100K @ 0.26 today. Cheers. Keep for long term.

TQ Ivan9511. Sure want to accumulate more at 26 sen. Heard from news report asking us to make noise about MK Land sold cheap cheap to Mammoth Empire in 2011 and now ME selling at a huge profits in 2017. Pls comment. TQ.

Bought another 100K at 0.26 too.

I just bought 100K at 0.26. Bless me please. Hahahaa

SYABAS AND KUDOS TO DATO PARAMJIT SINGH GILL'S INITIATIVE AND HIS HELP. THANK YOU ALL.

YAHOO..... WE STILL GOT HOPE. MSPORTS NOT DEAD YET.......WITHIN 1ST JUNE 2017 TO NOW 27TH JULY 2017, MSPORTS MADE 10 ANNOUCEMENTS....CHANGING FROM OLD BOD TO NEW BOD......YAHOO....THAT MEANS MSPORTS STILL ALIVE AND KICKING......OUR MALAYSIAN TEAM TOOK OVER EVERYTHING AWAY FROM THE CHINA CONMAN TEAM.

I like Calvin's posting. Keep it up Calvin.

The 7.6% investor who buy at such a price above 50 and reaching 60.5 sen could be an insider. He or a group of them may have inside news despite the fact that the company announced a small quarter loss today. Only people who know buy or else this MJPerak counter is normally very very quiet.

Pray and Pray Msports will produce their appeal. Very very BAD, our SC just wash their hands just like that. Very very BAD govt agency.

TOMORROW, LIMIT UP. STOCK UNDER-VALUED FOR SO LONG. NOW NEWS, GEELY BUYING UP MORE LAND IN PERAK. SURE LIMIT UP AGAIN. CHEERS.

kikikiki.....why chinese & malaysian goverment, sc, bursa & other doing nothing?
letting these fujian syndicate stole the investors money? kikikiki.....EXACTLY....SO ANGRY WITH THE MSIAN AND THE CHINESE GOVT NOW.

This Accountant appointed since 2012 lah. He should know the in-depth situation of CAP. If he just makan gaji and still using under MIA protection until the CAP became 1 sen PLC, he should be shot. Frankly speaking, he should be deregistered and apprehended.

Possible Conman with no picture taken in all the listed companies he served. A question mark?

Mr. Chung, a member of the Malaysian Institute of Certified Public Accountants (“MICPA”) since 1986 and a
member of the Malaysian Institute of Accountants since 1987, articled with Hanafiah Raslan & Mohamad
(then also practicing as Touche Ross & Co.) in 1980 and then joined Coopers & Lybrand, Singapore in 1987. In
1988, he returned to Malaysia to join Mustapha Law/Touche Ross & Co. Upon the merger of Mustapha
Law/Touche Ross & Co. and Kassim Chan & Co./Deloitte Haskins & Sells in 1992, he was transferred to the
merged firm’s management consultancy arm as a senior manager. He commenced public practice in 1993
when he joined Sekhar & Tan as a principal. He retired from public practice in 2003 as a partner and in
January 2004, he joined Leweko Resources Berhad (“Leweko”), now listed on the Main Market of Bursa
Securities Malaysia Berhad (“Bursa Securities”), as its General Manager (Corporate Finance) and was made its
Executive Director (Corporate Affairs) in February 2004. He was a member of the Board of Directors of
Leweko from 9 February 2004 to 30 October 2010. In November 2010, he joined Hexagon Holdings Berhad, a
company then listed on the Main Market of Bursa Securities as its Group Head of Corporate Affairs and he
resigned from that position on 31 May 2012. He has extensive experience in auditing and has also worked on
special assignments involving corporate finance, corporate recovery, project management, systems review,
corporate restructuring, mergers and acquisitions, and feasibility studies for multinational and large national
enterprises.
In addition, Mr. Chung was the joint company secretary of Lingui Developments Berhad, and Glenealy
Plantations (Malaya) Berhad (both of which have since been privatised and delisted from the Main Market of
Bursa Securities) and Teck Guan Perdana Berhad (also listed on the Main Market of Bursa Securities) at
various times from 1996 to early 2003 and Leweko during his tenure there. He has also previously served as a
member of the MICPA’s Auditing and Accounting Standards Committee.

http://www.ceglobal.com.my/index.php?option=com_content&view=article&id=173&Itemid=766

Chen Boon Heow, D.B.A.
Non-Executive Director

Chen Boon Heow has served as a non-executive director at CE Technology since 2007. He is a practicing chartered accountant under Chen & Co. Chartered Accountants, which he founded since 1989. He is also the director of PAC Tax Services Sdn. Bhd.

Chen attended University of Malaya where he received a bachelor in accounting in 1984. In 2005, he completed his doctorate in business administration at University of South Australia.

Professionally, Chen is a member of Malaysian Institute of Accountants (MIA) and Malaysian Institute of Certified Public Accountants (MICPA), as well as a fellow member of Chartered Tax Institute of Malaysia. He also holds a fellowship with CPA Australia.

Prior to private practice, Chen worked as an auditor at Hanafiah Raslan & Mohamad.

Dr. Chen Boon Heow
Independent Non-Executive Director
Dr. Chen Boon Heow, a Malaysian aged 57, was appointed as an Independent Non-Executive Director of our Company on
27 November 2012. He is a member of our Audit Committee and Nomination Committee.
He graduated with a Bachelor in Accounting Degree with Honours from University of Malaya in 1984. Dr. Chen furthered
his studies and was conferred a Doctorate in Business Administration by University of South Australia in 2005. He is a
member of the Malaysian Institute of Accountants (MIA) since 1987, a member of the Malaysian Institute of Certified Public
Accountants (MICPA) since 1987, a Fellow of Chartered Tax Institute of Malaysia (CTIM) since 1995 and a Fellow of CPA
Australia since 2008.
Dr. Chen started his career as an audit assistant with Hanafiah Raslan & Mohamad upon his graduation in 1984. In 1989, he
founded the public accounting practice of Chen & Co. Chartered Accountants, with offices in Penang and Taiping to offer
audit and assurance, accounting, corporate planning and business advisory services to a diverse range of local and foreignowned
clients involved in various industries including manufacturing, property development, trading, investment holding,
transportation and agro-based. Dr. Chen is also involved in the provision of various tax compliance and tax advisory services
through PAC Tax Services Sdn Bhd, a company he co-founded in 2001. In his business advisory services, Dr. Chen also
has experience in business performance, governance, risk and compliance matters as well as advising matters on internal
control procedures. He also advised clients in the areas of cost and cash flow control and management and reporting system
improvement.
He attended five (5) out of five (5) Board meetings held during the financial year ended 31 December 2015
Dr. Chen has no family relationship with any director and/ or major shareholder of the Company nor does he have any conflict
of interest with the Company. He has not been convicted of any offences within the past ten (10) years.

Another Malaysian MIA Registered Accountant Dr Chen Boon Heow.......What are you all doing?

Chung Wai Choong
Senior Independent Non-Executive Director
Chung Wai Choong, a Malaysian aged 56, was appointed as an Independent Non-Executive Director of our Company on
1 June 2012. He is the Chairman of our Audit Committee and Nomination Committee and a member of our Remuneration
Committee. He is also our Senior Independent Non-Executive Director.
Mr. Chung is currently also an Independent Non-Executive Director of XingHe Holdings Berhad, a company listed on the ACE
Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
Mr. Chung, a member of the Malaysian Institute of Certified Public Accountants (“MICPA”) since 1986 and a member of the
Malaysian Institute of Accountants since 1987, articled with Hanafiah Raslan & Mohamad (then also practicing as Touche
Ross & Co.) in 1980 and then joined Coopers & Lybrand, Singapore in 1987. In 1988, he returned to Malaysia to join Mustapha
Law/ Touche Ross & Co. Upon the merger of Mustapha Law/ Touche Ross & Co. and Kassim Chan & Co./ Deloitte Haskins
& Sells in 1992, he was transferred to the merged firm’s management consultancy arm as a senior manager. He commenced
public practice in 1993 when he joined Sekhar & Tan as a principal. He retired from public practice in 2003 as a partner and
in January 2004, he joined Leweko Resources Berhad (“Leweko”), now listed on the Main Market of Bursa Securities, as
its General Manager (Corporate Finance) and was subsequently made its Executive Director (Corporate Affairs) in February
2004. He was a member of the Board of Directors of Leweko from 9 February 2004 to 30 October 2010. In November 2010,
he joined Hexagon Holdings Berhad, a company then listed on the Main Market of Bursa Securities as its Group Head of
Corporate Affairs and he resigned from that position on 31 May 2012. He has extensive experience in auditing and has
also worked on special assignments involving corporate finance, corporate recovery, project management, systems review,
corporate restructuring, mergers and acquisitions, and feasibility studies for multinational and large national enterprises.
In addition, Mr. Chung was the joint company secretary of Lingui Developments Berhad, and Glenealy Plantations (Malaya)
Berhad (both of which have since been privatised and delisted from the Main Market of Bursa Securities) and Teck Guan
Perdana Berhad (also listed on the Main Market of Bursa Securities) at various times from 1996 to early 2003 and Leweko
during his tenure there. He has also previously served as a member of the MICPA’s Auditing and Accounting Standards
Committee.
He attended five (5) out of five (5) Board meetings held during the financial year ended 31 December 2015.
Mr. Chung has no family relationship with any director and/ or major shareholder of the Company nor does he have any
conflict of interest with the Company. He has not been convicted of any offences within the past ten (10) years.

Mr Chung is a Malaysian MIA Registered Accountant. How can he allow CAP to proceed producing fake accounting in the first place?

stockmanmy, are you the Auditors of Xingquan? You know the company is doing very well. Maybe KKY concurs with you. That's why he kept buying to the last minute.

With the auctions going on above, there is still hope of recovering some cash. Right?

Court auction of property (auction time: March 10, 2017)
Fujian Jiafu Auction Co., Ltd. Real estate auction announcement

Scheduled for March 10, 2017, 9:00 in Quanzhou City Intermediate People's Court on the second floor of the auction hall public auction: 1, Fujian Province, Jinjiang City, Mars Shoes Co., Ltd. in Jinjiang City Chen Tai town of the village of real estate, land area of ​​4063 ㎡, a total construction area of ​​about 17704.16 square meters, the starting price of 2001.9 million yuan, the deposit of 4 million yuan; 2, Lin Li shadow site in Quanzhou Fortress District Tianan Road and Fortress Street intersection southeast and Changhua Garden Building No. 805 , The total construction area of ​​about 136.59 ㎡, starting price of 1.159 million yuan, margin of 200,000 yuan; 3, forest fire in the town of Fengsheng District, East China Sea in the sea landscape garden high-rise residential area 3 # Building No. 2801 real estate, Construction area of ​​about 198.27 square meters, starting price of 1.677 million yuan, margin 300,000 yuan; 4, Lin Li Ling site in Jinjiang City Meiling street Jiangbin Garden No. 1 # -509 real estate, a total construction area of ​​about 135.52 square meters, starting price of 627,000 yuan , Margin of 100,000 yuan.

Interested bidder please at 7:00 on March 7, 2017 before the afternoon will be the bid to send the deposit account to the designated account [name: Quanzhou City, Fujian Province Intermediate People's Court, Bank: Agricultural Bank of Quanzhou Fortress branch business hall, account : 13-510701040001360, specify the implementation of the case number: (2016) Min 05 Executive 1889 case deposit], to the actual debit prevail, and with payment vouchers at 9:00 on March 9, 2011 Registration deadline to the auctioneer At the check-in qualification procedures.

KKY believes the Auditors like he believes all the Professionals. Now he knows pretty well there are many crooked professionals in the world. Let him fight them out and crush these crooked professionals with his monies he can afford. Please KKY. Please help to CRUSH and put all these crooks to JAIL. Thank you, KKY.

The Auditors closed one eye and helped them to approve their Balance Sheet. All these Auditors must be reported to our MIA and their respective Accounting bodies for further actions in order to deter such PLC from cheating further.