For further information can read here http://www.chinaaccountingblog.com/weblog/list-of-chinese-frauds.html and here http://www.chinastockfraud.blogspot.ca/2013/11/china-stock-fraud.html?m=1

Unknown Transactions!!
BEWARE OF CHINESE STOCK SCAMS -THEY ARE REAL
Understand Chinese Stock Frauds
(Use Others Bad Experiences to Protect yourself and family from the Chinese Stock Scam and Financial Terror!!)

Updated December 13, 2014
Anyone investing in Chinese companies listed in North America & Europe is taking a big risk. Recent events have shown that the management of many of these Chinese companies are fraudsters with primary intention of duping the investors.
The Chinese CEOs and Insiders usually execute their scams by:
Under-reporting bank loan balances,
Creating non-existent or fictitious shell companies as customers with no verifiable revenue,
Creating fictitious shell companies as Suppliers with no verifiable revenue,
Under-reporting insider transactions and money transfers,
Indulges in insider trading that is never disclosed,
Indulges in pump and dump schemes,
Stealing company's assets by transferring it to insiders leaving the shareholders with empty shell company owning no asset,
Forging employee numbers,
Making fictitious buyout offers,
Uses the companies cash to secure the debt of companies privately owned by insiders,
Posting fake cash and fake revenue in their financial statements, and
Collaborating with local bank officials in China to inflate profit margins.
Collaborating with some dubious USA based brokers and Underwriters who driven by huge commissions fees and payouts finance the listing of these Chinese Scams without doing any serious due diligence or simply turned a blind eye to all the red flags.
Collaborating with some dubious USA based and Certified Public Accountants who as the Public Auditors of these Chinese Companies intentionally aid them gain access to the USA listing. Auditors must examine, on a test basis, whether a company they audit (the "Audited Company") genuinely sold goods, purchased supplies, received cash, paid out cash, or had cash on hand. (Generally Accepted Auditing Standard ("GAAS") No. 3.). Sometimes, the USA Based Auditors does not act independently of these Chinese companies and actually do not rigorously verify all these things and in most cases forge audit documentations for these Chinese firms by creating the financial statements for them. The USA Public Company Accountants Oversea Board has a list of these dubious auditors here:

http://pcaobus.org/Enforcement/Decisions/Pages/default.aspx
These Chinese criminals have resulted in more than $100 Billion in damages to investors in North America. The list of many of these Chinese frauds are endless. These fraudsters at the end of their fraud usually disappear in thin air by going dark, their stock is delisted and no one ever finds them again.

The USA SEC has been unable to deter these criminals so at the end of the day, it is the innocent victims that pays the price. In fact, these criminals understands how lousy, soft-to-criminals, ineffective and outdated the USA Securities Laws are in deterring them that they capitalize on it to defraud investors over and over again. The USA SEC Laws were written in 19933 and 1934. Both laws are outdated and old and must be revised to reflect the challenges of the Internet Age.

Till date, the worst that can happen to them is to settle with the SEC and Class Action Lawyer for pennies to a dollar leaving damaged investors victimized for life. With the SEC's "Neither Admit Nor Deny" policy, these criminals basically walk away from the crime with their loots intact leaving the victims in limbo. When you actually read and understands the USA SEC Laws, you would be amazed that the law actually protects these violators by placing a cap on the amount of claims one can file against securities law violators. No matter the pain caused by these criminal psychopaths, the USA SEC Law caps the amount payable by these violators. There is no real deterrence in this law. Just settle and walk away and you would not be prosecuted. To add to the insult on victims, when the Case enters the USA Legal system, it takes years to move the Case forward to Jury. The whole system from Securities Law to Legal System seems to play on the side of these Criminals while the victims suffer in pains. The Criminals understands all these loopholes and capitalizes on it to defraud more and more people in the USA Stock Market.

In a compelling interview published by ABC News on January 10, 2013, the outgoing SEC Chairman Mary Schapiro discussed the Chinese Fraud menace on the USA stock exchange and the challenges the SEC has been facing on prosecuting the criminals. The SEC Chairman was blunt to say that China refuses to help the SEC stop these investment scams. For the interview, click:

http://abcnews.go.com/Blotter/us-investors-lose-billions-alleged-chinese-stock-schemes/story?id=18164787

The Chinese FRAUD is the PLAGUE that has been Unleashed on Investors all across the globe and the best way to avoid it is by exposing it as much as possible.

Just for sharing of information based on real world facts about chinamen companies.

This kind of syndicate play will only attract short term punters than investors. They only care about half cents profit with millions of shares.

If one day it become like Tiger, should be ok. with 2bil ++ of outstanding shares, it could be like hubline, even Xinghe is not a loss making company. It's not possible. All punters will come in and taking profit of half cents. Then you'll know.

Ezra, So now we can see buy is at 6.5 cents. Does this means now they are collecting at 6.5 cents? After completed the 6.5 cents, then 5.5 cents and push up again until 7.5 cents?

These kind of crappy things often happened in our Bursa. Nothing to argue about. Just invest or cut loss wisely.

Good eye sight again TTNTK. Ezra, taking into consideration of all factors you mentioned, include what TTNTK mentioned. Does this physics logic? Just look again what happen to Tiger. Same case. Kikikiki

Playing left to right. If my analysis is correct, its going to be 5.5 cents soon. Then you might buy again and sell at 7 cents.

That is so true JoshuaMS7. If you look at the buying pattern, i don't think there's any retailers is buying. Its themselves.

Shares are being sold at 7 cents to make profits. Did you think the syndicate owns it at 13 cents? Kikiki. Just look at tiger play style than you'll know.

Csl from 1.8x down to 8.5 cents. Kikiki

Look what happened to csl? Why compare with xinquan?

The real question is do you think there's no corrupted auditors in this world if they are getting big profits?

Something big coming. Shhhh. Kikikiki

Kikiki.Only Xinquan and Cap having the real moneys in the bank. Kikiki

TTNTK, i think you are so correct. We can see some them here keep encouraging others to buy. Maybe still not enough to con our hard earned money. I think they will do this until the company delisted. Kikikiki

30 cents. Kikikiki. If 3 cents possible. Kikiki

Sharks also dare to touch chinamen counter. Kikiki

Steady. Malaysia sharks is not enough for few cents only. Malaysia sharks fry malaysia counter. China sharks stomach full earn 1-2 cents with hundred millions of vol only. No need fry till hangus. Kikiki. Just repeat same pattern 100 times. Kikikiki

The more you buy, the bigger their laugh to the bank. kikiki

If you still dreaming, please tell me that I'm wrong that the vol will increase starting at 9am until 9.30am only, and 4pm to 4.30pm only. between that, hibernating zzzzzzzzzzzzzzzzzz....

rIch, it's not about bias. It's about themselves. you can see that the queue will increase each time lke never ending story. same case like tiger.

Mun Hong. Are you sure in Malaysia can't short sell? kikiki

Both also wrong. It's their conmen play style is the reason. Look at the increase queue and how they manipulate for the benefit of themselve.

As one observed, all the buying frenzy start at 9 till 930. Next session would be 3.45 to 4.30. Between that, zzzzzzzz. Kikiki

Kikiki. Good eye sight lclwyp. Now you know how their game play. Buy at 6.5 to 7 cents and sell at 7.5 cents. The queues can be change one. If don't believe try to queue. Kikiki

Impressive performance by xinghe. I didn't expect it to be too soon. But please don't expect the price would appreciate in the near term. As we know, xinghe plant most located at china. Their local malaysia factory will only materialize by next year. To win local investor confidence, xinghe need to setup more plant in malaysia. If ASFAR could be one the substantial holder will be good enough to gain trust. Just as what has being done by CAP.

As for the kickoff, good job has been done by the xinghe management. They still need to work extra miles in order to prove that there is no financial fraud in the accounting book by materializing all the opportunity given especially in local market.

Again, if the management is trustworthy, the price will appreciate itself in coming years. Good to see if xinghe could be the next yee lee.

Its all manipulated

There's nothing related with fair or unfair. In equity market especially malaysia, most of the time the judgement is irrational. Given the fact that most of them con peoples money and practice magic accounting, it is not possible that the price will not be appreciating at all. You can see how they play right hand to left hand. As the real life situations, take a look at the price now and last 1 month.

Miracledy. If you looking forward for the dividend the just hold until the ex date. Your average buying price is good enough. For me anything above 7 cents is expensive being the nature of typical chinaman company equity price appreciation is worst.

If the management if trustworthy, i can foresee that it will become the next yee lee incoming years. Cheers!!!

Not so soon i think. Xing He need to implement their private placement first in order to have capital for their factory expansion in Malaysia. Their factory will only start construction this coming june if not mistaken. It will take 6 months to complete from the date of construction.

Yes. At least someone knows how to calculate. If want to enjoy the roughly percentage of 3% dividend, 6.5 or maybe 7 cents is still worth it instead of 10 or 20 cents.

If they smart of con play style, you must be smarter than them. Think ahead before them.

I'm not being negative here but you can see tomorrow until ex date. Take note on the price.

Don't speculate too much. It's just a dividend play from them. They knew they would declare a dividend. So push down the price, buying with huge vol and wait. Straight forward play style. Would you buy for the dividend of 0.002 cents if the price is 10 cents? Or 20 to 30 cents?

Kikiki. Welcome to holland!!!

I'm just sharing the information. Pity all the ikan bilis whom get burnt by chinaman type of companies.

For chinaman company, there's no point for good or excellent QR. They don't care about the performance except con peoples hard earn money. Any rebound is a chance to exit.

You can see this type of syndicate play on many counters. Good example is tiger. The vol keep refresh few hundres millions daily for more than half year. End of story you see what is the price tiger now. Kikikiki

Come on. This simple game also you can get conned. Its not someone buying alot. Its their game play from right to left hand. Create huge vol to lure all the ikan bilis. Next time please remeber deep in your thought this kind of play. It already exists long long time ago.

Be prepared for the set the lowest 52 week record. Wakakaka

No matter its up or down, penny or non penny counter. As long it is a china man company it tasks is only to con peoples money. Kikikiki

Better cut lost now than never..wakakakaka

Dare to dream with conman china companies? Kikikiki

Kikiki. Now after burnt all your hard earn monies, would you believes?

This type of mainland play style we have witnessed so many times dy. it will never touch 10 sen. The worst is it will never pass by 7 sen and will go down lower. See to believe. It will not take long time to happen.

Never lose money all fake one. Don't compare with ifca. Ifca is a local crony company. It' now only 7 sen because they con your money. Kikiki

Soon will be the next tiger. Kikikiki