Everyone know Jaks Q4 will has big loss from impairment of goodwill and receivables except Mike-tikus still promoting Jaks with his half past Six FA and TA.

Next year PP or RI will be at what price?
Plenty of chance to collect cheaper than 19 cents, just do nothing and wait meanwhile let Mike-tikus do all the hard work.

Posted by BringMeFly > Nov 29, 2023 10:05 PM | Report Abuse
Those negative news had been reflected in the shares price. Price from 70sen to 20sen now. Jaks still got chance

Last day for trading gain/loss before Q3 result out.

So next year another PP or RI?

including charges for: – Repayment of the principal and interest of the debt used to construct the facility.

If this is true then why BOD at AGM give the below reason?
The declined in share of profit in Q1FYE2023 was due to increase in interest expenses.

Batik Air launches new Dubai-Kuala Lumpur route, boosting connectivity
George Diamantopoulos
27.11.2023
SEPANG – Unlocking a world of opportunities for business and leisure travellers between the Middle East and Malaysia, Batik Air unveiled the launch of its new route between Dubai and Kuala Lumpur.

These direct flights signify Batik Air’s commitment to extending its global network and fostering easier access between the two vibrant destinations, marking a significant achievement in expanding the connectivity to the Middle East region following the successful launch of its Jeddah, Saudi Arabia route on 15 August 2023.

What will happen to ALP pledged securities Jaks-WB?

LARGEST WARRANT B HOLDERS AS AT 24 MARCH 2023
No. of
Names Warrant B (%)
1. Chong Kok Foo 22,464,833 13.10

2. Kenanga Nominees (Tempatan) Sdn Bhd 20,835,842 12.15
Pledged Securities Account for Ang Lam Poah

3. HLB Nominees (Tempatan) Sdn Bhd 10,165,749 5.93
Pledged Securities Account for Loo Kee Seng

4. Public Nominees (Tempatan) Sdn Bhd 8,770,850 5.11
Pledged Securities Account for Ang Lam Poah

5. Phillip Nominees (Tempatan) Sdn Bhd 7,775,240 4.53
Pledged Securities Account for Ang Lam Poah

6. Affin Hwang Nominees (Tempatan) Sdn Bhd 5,641,790 3.29
Pledged Securities Account for Ang Lam Poah

7. Original Invention Sdn Bhd 5,215,100 3.04

8. Er Soon Puay 3,700,500 2.16

9. Koh Seng Poh 3,454,011 2.01

10. Ch’ng Kim Soon 2,479,400 1.45

11. Wilfred Koh Seng Han 2,395,522 1.40

12. Maybank Nominees (Tempatan) Sdn Bhd 2,351,536 1.37
Pledged Securities Account for Ang Lam Poah

Know how many low cost airlines are now compete directly with AA for the market share?

Insas hold abt 9.96% Omesti.
Omesti hold about 36.42% Microline.
Dato' Sri Thong kok khee is Omesti DEPUTY CHAIRMAN/NON-INDEPENDENT NON-EXECUTIVE DIRECTOR

Insas holding of Omesti as one of the many Financial assets at fair value through profit or loss mark to market as at 30 Sept 2023 worth RM 228,481,000

Just plain simple will businessman give you discount if their products are selling like hotcakes?

Posted by geary > Nov 29, 2023 7:34 AM | Report Abuse

Happy Birthday! AirAsia!
SEPANG, 28 November 2023-
AirAsia is celebrating 22 years of connecting people with affordable fares to an extensive network with 22% discounts* for all seats on all flights starting today until 3 December 2023.

Enjoy 22% discounts for all seats on all flights to amazing destinations such as Penang, Bali, Krabi, Phu Quoc, Shanghai, Amritsar, New Delhi, Busan, Gold Coast, Trivandrum (starting 21 February 2024) and other popular and new destinations.

FA foretell Q4 will be loss making quarter due to impairment loss on goodwill and receivables.

CapA is trying hard to borrow more money or raise cash for working capital and refinancing debts/current lease liabilities and maintenance that is due.

You must be joking about capA capability of paying dividend for the next 10-15 year.

https://www.channelnewsasia.com/business/airasia-parent-plans-raise-more-1-billion-debt-equity-ft-3871336
25 Oct 2023 02:28 PM: Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial Times reported on Wednesday

https://www.thestar.com.my/business/business-news/2023/10/13/airasia-seeks-us400mil-loan
Friday, 13 Oct 2023: KUALA LUMPUR: Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400mil loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.

https://www.thestar.com.my/business/business-news/2023/10/03/airasia-secures-five-year-term-loan-facility-of-up-to-us150mil
Tuesday, 03 Oct 20236:46 PM MYT
KUALA LUMPUR: AirAsia Bhd has accepted a five-year term loan of up to US$150 million (RM705 million) from a financial institution.

In a filing with Bursa Malaysia today, Capital A Bhd, the parent company of AirAsia, said the airline will use the loan for working capital requirements and fund aircrafts and engine maintenance costs.

"The term loan was secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan,” it said.

Mikecyc Haha no worries… FA is improving since 2021 ….
29/11/2023 9:56 AM

Now you know what I mean Half past Six FA.
What is the FA trend 9 months end 30 Sept from 2021 to 2023?

Date Financial Result Financial Ratio Per Share Item Performance
Quarter
Revenue
PBT
NP
NP to SH
ROE
EPS
NAPS
QoQ
YoY
Financial Year: 31-Dec-2023
30-Sep-2023 9,984 2,203 2,178 7,147 0.49% 0.33 0.6800 -62.60% -64.87%
30-Jun-2023 3,312 14,511 14,436 19,111 1.37% 0.90 0.6600 35.76% 25.19%
31-Mar-2023 14,160 9,040 8,986 14,077 0.99% 0.67 0.6800 533.81% -33.39%
Financial Year: 31-Dec-2022
31-Dec-2022 45,850 -5,604 -5,997 -3,245 -0.23% -0.16 0.6800 -115.95% 88.63%
30-Sep-2022 16,380 15,789 15,652 20,343 1.46% 1.00 0.6800 33.27% -36.13%
30-Jun-2022 9,719 10,489 10,444 15,265 1.12% 0.75 0.6700 -27.77% -47.01%
31-Mar-2022 17,845 16,462 16,140 21,135 1.54% 1.03 0.6700 174.04% 7.03%
Financial Year: 31-Dec-2021
31-Dec-2021 20,061 -36,233 -36,287 -28,544 -2.27% -1.50 0.6600 -189.61% 72.34%
30-Sep-2021 30,555 27,466 27,399 31,852 2.56% 1.72 0.6700 10.58% 19.09%
30-Jun-2021 41,591 23,939 23,930 28,805 2.41% 1.64 0.6800 45.87% 1,230.49%
31-Mar-2021 17,454 15,294 14,879 19,747 1.70% 1.13 0.6600 119.14% 417.53%

Chemical market overcapacity and weakening demand: a perfect storm
Following several years of significant investment in production capacity in China, a perfect storm is hitting the chemicals market, as increased global capacity meets weakening demand. The global oversupply of petrochemicals is expected to hit a record 218m tonnes in 20231 and China is continuing to add capacity, with almost 140m tonnes expected to come onstream in 2023, well in excess of previous years.

Against the backdrop of a worsening macroeconomic outlook and a strong US dollar, chemical market participants are having to contend with an unprecedented level of uncertainty within the industry.

We CARE so we SHARE the truth and nothing but the truth.
Those with vested interest only care for themselve and no others.

Posted by The_JQuestion > Nov 28, 2023 11:12 PM | Report Abuse
cannot compare to old and retired man like mr lee and lurker... they r here for fun and bored
they dont care about others...

As at 30 Sep 2023
RM '000
Goodwill on Consolidation 23,500
Trade and Other Receivables 379,652

So make a guess what will be Q4 impairment loss on goodwill and Trade and Other Receivables?
Q4 another Q to Q and Y to Y drop.

If like that when will ALP pledged share subjected to margin forced sell?

LSS4 (COD) Aug 2023 and incurred loss before tax of RM1.47 million.
Can somone explain where is the promised Net profit of RM 10 million per year?

In the third quarter of 2023, the Construction division reported lower revenue of
RM3.9 million, a reduction of 73% compared to the revenue of RM14.4 million in
the same quarter of the previous year. This decline was primarily attributed to the
lower revenue recognition from the local construction works that are in their final
stages of completion. With the lower revenue, this division incurred a higher loss
before tax 7.8 million in this third quarter compared to RM6.1 million loss before tax
incurred in the corresponding quarter of the previous year.

In the quarter under review, the Property Investment division improved its revenue
contribution to RM2.8 million, from RM2.0 million achieved in the previous year's
corresponding quarter. This division reported loss before tax of RM10.1 million,
compared to loss before tax of RM9.6 million in the third quarter of 2022 mainly due
to higher interest cost incurred.

Following the successful completion and achievement of commercial operations date
for the 50MW solar photovoltaic project under the Large-Scale Solar (“LSS”) 4
Programme in August 2023, the Power Energy division commenced its business
operations of generation and delivery of renewable energy to Tenaga Nasional
Berhad (“TNB”) under the Power Purchase Agreement with TNB. Revenue
contribution of RM3.3 million was made to the Group from this division. Due to the
depreciation and interest cost recognised, this division incurred loss before tax of
RM1.47 million.

Jaks Q to Q and Year to Year drop.
Jayatiasa Q to Q and Year to Year up.

CapA result still need to wait for next 2 trading days?
So tomorrow still got chance to goreng?

Jaks result:
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2023
30 Sep 2022
30 Sep 2023
30 Sep 2022
$$'000
$$'000
$$'000
$$'000
1 Revenue
9,984
16,380
27,456
43,944
2 Profit/(loss) before tax
2,203
15,789
25,754
42,740
3 Profit/(loss) for the period
2,178
15,652
25,600
42,236
4 Profit/(loss) attributable to ordinary equity holders of the parent
7,147
20,343
40,335
56,743
5 Basic earnings/(loss) per share (Subunit)
0.33
1.00
1.85
2.78
6 Proposed/Declared dividend per share (Subunit)
0.00

（北京28日综合电）中国近期流行包含新冠病毒、霉浆菌、呼吸道融合病毒、腺病毒和流感病毒等5类病原体，其中儿童抱病情况严重，多家医院儿科门诊爆满，辽宁省某间小学上课期间教室更是直接少了一半的学生，济南家长则用露营推车让孩子躺好挂点滴，显示当地医疗量能严重吃紧。

近日有一段在辽宁省某间小学拍到的影片曝光，该所学校因为这波疫情，只剩一半学生到校上课，引发不少网友纷纷感叹这波疫情的可怕。

Most likely last chance to goreng before bad q3 financial result coming.

2023年11月28日
字小大
中国10家航空 取消近万赴泰航班
6672点阅
（曼谷28日综合电）泰国民航局局长素提蓬于11月26日透露多家中国航空公司已通知取消2023年12月至2024年1月期间飞往泰国的航班，预计这两个月将流失39%的航班，即超过8648趟航班。

据了解，目前涉及取消航班的中国航空公司共有10家，分别为国航、东航、上海航空、春秋航空、南航、深圳航空、吉祥航空、奥凯航空、海南航空以及首都航空。

据泰航高层表示，中国航司取消赴泰航班的原因是游客量不足，尽管目前政府已对中国实施免签政策，但对刺激中国市场没有太大帮助。

https://www.tripsavvy.com/southeast-asias-top-low-cost-airlines-1629922

Where to employ the 362 aircraft when CapA sold AA India to Tata. AA japan close shop, the poker man fail to deliver AA China and current market stiff competition with regional low cost airlines.

Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors.

What will happen if CapA fall to secure financing for the balance (362 - 73) = 289 aircraft?

My bet Q3 capA is a loss making quarter like Q2.

Know what will be Q2 LOSS if without gain on remeasurement of previously held interest in assocoate : RM 1,369,258,000?

I trade on many shares for my free bintang beer and lobster.

I speak the truth as I can't stand someone promoting Jaks day and night 24/7/365 with his half past six TA and FA to con people to chase high with his claim of 5 digits, 6 digits and even 7 digit gain bullshit

A redundant programme

I also think that there is no necessity for TVS to organise any Christmas programme in Sarawak as there are many activities and events planned by the Christian churches every year. Most of these events are also covered by other tv stations.

For example, the popular Christmas parade in Miri, with thousands of Christians in attendance and the Inter-denominational Christmas Service in Kuching are held annually for decades. Almost every church, even those in the most remote of areas, will have Christmas services planned.

And who could forget the Muslim female officers of the police choir in Kuching, singing Christmas carols at regular intervals over the Yuletide season?

Christmas is always celebrated with much hope, joy, and love by the majority of Sarawak’s three million people, with many events and activities organised every year. I cannot see how another event organised by TVS will have any extra impact.

Finally, let me share these words of wisdom of the late Sarawak chief minister Adenan Satem, who had declared: “I will not tell you how to practise your religion. I am a Muslim and I try to be a good one. But I will not tell my Christian friends how to worship. It is their business.”

It is my fervent hope that such an unfortunate episode in the celebration of such a joyous and holy event as Christmas will not happen again in Sarawak.


FRANCIS PAUL SIAH is a veteran Sarawak editor and heads the Movement for Change, Sarawak (MoCS). He can be reached at sirsiah@gmail.com.

The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini.

Let Sarawakians handle our own Christmas celebrations

Francis Paul Siah
26 Nov 2023
Malaysiakini

COMMENT Believe me, I find no joy at all in penning this subject. In fact, as a Sarawakian, I feel ashamed that such a negative and unhappy episode involving the joyous season of Yuletide has taken place in my homeland.

This is not the fault of Sarawakian Christians but those not from the state and of different faiths who attempted to teach my fellow Christians in my homeland how to celebrate Christmas. What baloney!

So, why am I ashamed? I have been telling the whole world umpteen times in my writings here and elsewhere about the pride of Sarawakians and their strong adherence and devotion to maintaining racial harmony and religious tolerance in their beloved Land of the Hornbill.

And what had just happened? A dispute between Sarawak Christians and a TV station, namely TV Sarawak (TVS) over a Christmas carol.

Of all things, we have to debate a beautiful carol with great significance to Christians just because TVS top executives, think the lyrics border on “religious sensitivity”.

No, surely this could not have happened, but it did! I’m very disappointed, fuming mad, to be honest.

Stay in your lane

Back in Kuching this past week, I first got wind of the “religious issue” brewing when I received a well-circulated letter written by Rt Rev Bishop Danald Jute, the president of the Association of Churches, Sarawak (ACS).

The ACS has rejected an invitation to participate in the “Christmas Carol - Sarawak in Diversity” programme scheduled for Dec 3 in Kuching as its request to replace the 'Jingle Bells Rock' with the 'O Holy Night' was rejected by the main organisers TVS.

My initial reaction was this: “It's very bad if this happens in Sarawak. ACS did the right thing. This is unacceptable. Christmas is the birthday of Jesus Christ, yet a carol mentioning ‘Christ’ is considered sensitive.”

Who made this call for TVS? Is it the station’s top executives, who - according to information readily available online - are non-Christians from Peninsular Malaysia?

This is the first time I’ve heard of a TV station trying to teach Sarawak Christians how to celebrate Christmas and what carols to sing or not to sing. What utter nonsense is this?

As a Catholic, I stand in solidarity with my fellow Christians in Sarawak on this matter. Those who are ignorant or unfamiliar with our ways should not be allowed to organise religious events in Sarawak.

I was also reliably informed that the topmost officials of the Sarawak government, which owns TVS through the Sarawak Media Group, were caught unaware and were incensed by the conduct of the station’s executives.

I hope that the GPS government take serious note of this matter and action must be taken against any erring staff of the station.

This only goes to show how little they know about Sarawak and Sarawakians. When you get people who know nothing about Christmas or Christmas carols to organise a Christmas programme, that must surely be the greatest recipe for disaster.

I also find it ironic that a Sarawak-owned TV station has to recruit executives from Malaya as if no Sarawakians are capable of running the show.

Lack of common sense

An attempt at damage control later by TVS, claiming “miscommunication”, was unconvincing and hollow at best. It’s obvious that the organisers did not expect such a fierce backlash from Sarawakians.

From the TVS statement, it is also clear that the station’s executives do not even know the difference between a Christmas carol and a song.

A Christmas carol is typically a religious or traditional song with a seasonal theme, often associated with the Christmas season and its religious significance.

If I were a Christian working for TVS and were tasked to organise an Islamic event - say, a Quran-reading competition - my sixth sense would tell me immediately that I should allow a senior Muslim colleague to spearhead the job.

The leader in a TV station or any organisation must possess the intuition to feel and do the right thing.

In this case, the non-Christian TVS executives probably thought they could hide behind the supposed “protocol” from the Film Censorship Board and the Malaysian Communication and Multimedia Commission.

Let me state that I do not think that Bishop Danald Jute, the most senior prelate of the Anglican communion in Sarawak, could have “miscommunicated” with the organisers over the matter.

Posted by BobAxelrod > Nov 28, 2023 7:42 AM | Report Abuse

Funds can be raised, money they have had before..........it's using by right minds for right projects that makes a lasting impact for longevity..........

BobAxelrod,
Do you see any competent/right minds people in Jaks?
Without a good player even dealt you a good hand the end result (failure) is inevitable

The problem with jaks is lack of competant team and money to tender for new projects. So wthout any profit generating new projects, it is now solely depend on share of profit, LSS4 and shopping Mall.

What will be Jaks prospect down the road?
No prize for guessing.

I can access to voting page but cannot access live streaming.

Do you think I or anyone care about your reply or gibberish?

Do you think capA can submit the PN17 regularisation plan before or on 31th Dec 2023?

Any update on today AGM?

Posted by StartOfTheBull > Nov 27, 2023 11:48 AM | Report Abuse
Lee has no more posting in AAX

Any comment on my latest comment at AAX forum on why AAX never make profit and never give any dividend since listing?

Post removed.Why?

Mike-tikus did case study in PA or is he conned people to buy high from him and his MCA syndicaate?

Many people at PA is cursing him and ready to throw rotten eggs at him.

By the way conman Mike-tikus already runroad from PA.

Inari:
YSIC project bearing fruits soon. The phase 1 plant under the 54.5%-owned subsidiary, Yiwu Semiconductor International Corp, is expected to be completed by Dec-23. It is currently undergoing qualification process for the production lines. The new plant, which is catered for the wafer-level packaging for smart phone and smart watch applications, is expected to kick start commercial operation by June- 24. Management expects to ramp up its sales growth at a CAGR of 20%-30% for FY25-27 and it should reach sales of RMB1bn (RM662m) upon full capacity utilization. It also has plans for the 2nd fab soon.

Initially Jaks investors welcome him to promote jaks but when they realise that if you have friend like Mike-tikus who needs enemies.
So now they redflagged his gibberish.

Plese update if anyone follow the livestream.

The webpage at https://vimeo.com/event/3862040/embed/bd50b3f707 might be temporarily down or it may have moved permanently to a new web address.

Did Not Connect: Potential Security Issue

Firefox detected a potential security threat and did not continue to vimeo.com because this website requires a secure connection.

What can you do about it?

vimeo.com has a security policy called HTTP Strict Transport Security (HSTS), which means that Firefox can only connect to it securely. You can’t add an exception to visit this site.

The issue is most likely with the website, and there is nothing you can do to resolve it. You can notify the website’s administrator about the problem.

Repost:
Nov 14, 2023 3:11 PM | Report Abuse

Sorry typo error.
Insas-WC not insas-WB.
Insas-WB, stockraider bought 1 million at RM 0.005 for 5 thousand and have a narrow escape selling back at RM 0.005 before Insas-WB expired.

Guess what will capA fall to RM 0.XXX just before suspension and delisting

Know what will be the development cost needed to develop the land?

Mike-tikus,
Mind explaining below if q2 net profit is real profit of RM 1.10 billion?

As at 31/3/2023 Capital A
Current assets: RM 1,978,599,000
Current liabilities: RM 10,503,495,000
Net current liabilities: RM (8,524,896,000)
Shareholders’ equity RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity: RM (9,376,200,000)

As at 30/6/2023 Capital A
Current assets: RM 2,269,900,000
Current liabilities: RM 14,208,631,000
Net current liabilities: RM (11,938,731,000)
Shareholders’ equity RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)

Just a gentle reminder:
One thing I agree with geary is there are many "kisiao" people in i3. Better make sure you are not one of them.

Invest only with your spare money and never all in "Sai Lang” “晒冷” by gut feeling 10 baggers will drop from the sky.

What is the different when I said:
Because I can take the blow and learn the hard lesson.
And
I did not sell Xingquin coz I worried if sold to those cannot afford…

Did Mike-tikus understand what gearly trying to say below?

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

Correction I say capA will be like Serba suspend and delist.

And Jaks is piggy bank of ALP every year multi-million LTIP free grant.

Imagine if this happen in Singapore and I wrote below email to SC Singapore what will happen?
AND here in Malaysia I only get another reference and case number from Bursa and SC.

ON Xingquan case:

Question 1: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2940952

Referring to the above Bursa announcement, please allow me to personally ask Datuk Muhamad Umar Swift did Dato’ Wu Qingquan (“Dato’ Wu”) and Wu Lianfa pay those fines imposed on them?

Question 2: If the answer is no, then May I ask did Bursa take any legal action to collect the fines?

Question 3: If Bursa did not take legal action to collect the fines from recalcitrant offenders then how Datuk Muhamad Umar Swift as Bursa Malaysia CEO ensure Bursa to be an efficient, vibrant, fair and orderly market?

Question 4: Will Datuk Muhamad Umar Swift please check with SC on my Xingquan complaint:

Is SC taking any action on my previous questions below? Or is the case closed with no further action?

Question 1: In view of the seriousness of offends/frauds committed by the fraudsters and their total disregard/contempt shown against authorities of SC and BURSA with no respect for Malaysia Law. Has SC made an extradition request with the Chinese government to extradite CEO Dato’ Wu and his brother executive director Wu Lianfu to stand trial in Malaysia Court?


Question 2: Refer google search: https://www.google.com/search?client=firefox-b-d&q=gertop
Xingquan brand products (Gertop) are available for sale at many online shopping websites. This means Xingquan still has production lines and assets in China but the China owner and Management team just took us Malaysians as fools and showed utmost contempt to SC and BURSA authorities/Malaysia law.

Will SC now invoke CMSA 2007 section 358 (1) in the public interest, taking legal action against Xingquan to recover loss on behalf of victims who suffers loss or damage by reason of, or by relying on, the conduct of another person who has contravened any provision of Part VI or any regulations made under this Act, the amount of the loss or damage by instituting civil proceedings against the other person whether or not that other person has been charged with an offence in respect of the contravention or whether or not a contravention has been proved in a prosecution?


Question 3: Is SC investigating Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for gross negligence and failure to perform their fiduciary duty?

Note: Referring below SC announcement

https://www.sc.com.my/resources/media/media-release/sc-reprimands-three-china-based-companies-and-says-retention-of-four-directors-prejudicial-to-public-interest

The SC reprimanded Xingquan, its Executive Chairman and CEO Dato’ Wu Qingquan, Executive Director Wu Lianfa, former Non-Independent Non-Executive Director Ng Sio Peng and former Senior Independent Non-Executive Director Zhou Liyi for:

falsely recording a loss of RMB415.7 million from the sale of inventory by Xingquan’s wholly-owned subsidiary;
furnishing to Bursa Malaysia a false agreement between the said subsidiary and a third party;
furnishing false or misleading financial statements to Bursa Malaysia; and
recording cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.
Why no actions were taken against Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for:

1. Gross negligence and failure to perform their fiduciary duty; and

2. Complicite in above fraud/crime in auditing, preparing and approving Xingquan Financial Account, IPO Prospectus and RI Prospectus.


Thank you



Dear Sharon Hui (CEO’s Office),

Can I be reasonable in expecting Datuk Muhamad Umar Swift (Bursa Malaysia CEO) to reply to my above email?



Thank you

Dear Bursa,

I quote my previous email, “Would Bursa please show the calculation the acquisition with undisclosed sum to “increase effective stake from 40% to 100% in Philippine Air Asia” that transfers about negative equity of RM 2 billion from Non-controlling interest to Shareholders’ equity and about RM 1 billion addition accumulated losses is below the threshold that warrants immediate announcement.

And Bursa replied dated; Sen, 25 Sep, 07.51

We have forwarded your email to our line department for their attention.


Thank you.

Bursa 2U
Bursa Malaysia Berhad
Our Ref: CAS-30197-XXXXXX


May I ask, more than 3 weeks has passed so has Bursa already work out the calculation to show that CapitalA undisclosed sum to “increase effective stake from 40% to 100% in Philippine Air Asia” is below the threshold that warrants immediate announcement and hence did not violated Bursa rule and regulation PART D – ACQUISITIONS AND DISPOSALS

Bursa not yet reply my above email