Posted by GlobalValueInvestor > 2015-10-07 02:55 | Report Abuse

Very likely fraud, need clarification... This is really too good to be true. Bad dividend, for so much of cash.

Posted by Chinaboleh > 2015-10-07 02:58 | Report Abuse

If someone is really stingy is he committing any crime?

Posted by murali > 2015-10-07 06:50 | Report Abuse

Stingy is not...but doing fraud ac is...

Posted by Chinaboleh > 2015-10-17 04:16 | Report Abuse

Answer given by Xingquan on cash call. Is their account in fraud? Are you sure local stock don't have same question if they cannot give dividend even their account show huge cash balance? If our Bursa Malaysia is good and take care of minority shareholders in Malaysia I hope they don't mind conduct special audit on one(or all even better) of China counters listed companies here cash balance(perhaps having a trip to China?). After all they are the one approving China companies listed here(to earn some fees?).
A lot of minority shareholders has suffered huge losses investing in those companies by silently cutting loss. If BN lose more votes next GE due to such reason should blame Bursa Malaysia as one of the culprit.
http://m.thestar.com.my/story.aspx?hl=Xingquan+explains+rationale+for+cash+call&sec=business&id=%7BEA8A9127-173D-4597-A832-7DA06C148176%7D

Posted by poohboy > 2015-11-05 17:28 | Report Abuse

100% fraud... who is the auditor? They better get ready to be scrutinized by minorities.

Posted by 914601117 > 2016-03-09 16:48 | Report Abuse

FD rate in china
https://www.hsbc.com.cn/1/2/misc/deposit-rates
http://www.boc.cn/en/bocinfo/bi4/201510/t20151023_5824977.html
http://www.tradingeconomics.com/china/interest-rate
http://english.cmbchina.com/Rate/InterestRate.aspx

If Xingquan only get rate of 0.35% pa, that means most of the time, the money is not there (because Xingquan can easily get rate above 1%) or only placed in bank when audit come.