Posted by Ben Gan > 2016-01-01 12:29 | Report Abuse

China-based stocks are scary!!! Don't look at XinQuan alone, look at all those listed not only in Bursa, but in Singapore and US as well.

Posted by Chinaboleh > 2016-01-01 12:46 | Report Abuse

Why blame them(China-based stocks) only? Do all other stocks(cash rich and profitable) give dividend as well eg Comcorp, Frontkn, etc?

Posted by Ben Gan > Jan 1, 2016 12:29 PM | Report Abuse
China-based stocks are scary!!! Don't look at XinQuan alone, look at all those listed not only in Bursa, but in Singapore and US as well.

Posted by Chinaboleh > 2016-01-01 12:48 | Report Abuse

Some are privatised and relist back in home country since oversea investors don't appreciate them.

Posted by Ben Gan > Jan 1, 2016 12:29 PM | Report Abuse

China-based stocks are scary!!! Don't look at XinQuan alone, look at all those listed not only in Bursa, but in Singapore and US as well.

Posted by Ven Felix > 2016-01-01 12:55 | Report Abuse

没办法了 $$$ 的去向 永远是个问号 ! $ 进入 死胡同。

Posted by mmk79 > 2016-01-01 15:02 | Report Abuse

Doom day for Xinguan is coming after KYY left frustratedly. Good luck to all holders

Posted by Gokula Krishnan > 2016-01-01 15:10 | Report Abuse

most of these china companies are pariyah ones....they have a history of deceit....

Posted by tpchit > 2016-01-01 15:35 | Report Abuse

this scam have the flavor of Transmile, fake cash in bank and invoices

Posted by Ven Felix > 2016-01-01 15:48 | Report Abuse

Ask KYY to employ a biz scandal Detective & legal adviser to invest quietly. China has very good detective . Rather than sitting by not known what yhey try to do with the money , why not spend another few mil. Ti dig in their motives.

Posted by Ven Felix > 2016-01-01 15:54 | Report Abuse

Can't Our Bursa stand out in corncerning the most Malaysian shareholders ? They should hv measured every necessary pro & con before this so call listed on klse and start receiving $$$ rite? Got to go to Bursa protest, otherwise this makan gaji buta fellow will ignoring the minor shareholders benefit. Bring it to another level KYY. Its hard but rather than dying without an answer.

Posted by Ven Felix > 2016-01-01 15:58 | Report Abuse

Its times for those uncle & unties unite together lar to protect their 官财本。

Posted by GODinvest > 2016-01-02 00:40 | Report Abuse

i think all the money arealy in Executive Chairman pocket , like 26b case

Posted by ktsk88 > 2016-01-02 09:14 | Report Abuse

Since the stock still trading at 60+ sen level, time to cut loss rather than left with nothing later is any fraud been exposed.

Posted by murali > 2016-01-02 09:22 | Report Abuse

For retailers they can just cut loss and left easily...but Uncle has stuck too deep into the mud (15% or more shareholdings). He even increased his shareholdings recently.

Unlike VS, Latitude, LiiHen and others, funds (fund managers as well) are following as they do agreed and believed with their fundamentals... thus u see the prices are breaking new high...Unfortunately Koon Koon thought that's due to his personal influence and he again tried to do it on Xinquan.

Now the Co is proposing for a rights issues...Shall Koon Koon follow? If follow then he has to put more fund into it (and stuck more), if dont follow then will see dillution in his shareholdings and also in share price...

Posted by tpchit > 2016-01-02 10:03 | Report Abuse

such scam is not the work of the CEO alone, one team of crooks from directors level to finance team to operations

all work hand-in-hand, all benefited

good job

Posted by Jolin Lai Chi Pet > 2016-01-02 12:17 | Report Abuse

uncle kyy will take the RI, b'cos he still believe the cash pile is real...........

Posted by tpchit > 2016-01-02 12:37 | Report Abuse

if you are small shareholders, just cut losses and walk away

for big stake, hard to walk away, easy to buy but hard to exit as the volume is small, few buyers around

just pray and pray it wont end in PN17 once the real cash dry up

meanwhile continue to grief as long as you are still holding....

miracle .....as good as nil

Posted by Sapphire > 2016-01-02 12:40 | Report Abuse

XINQUAN SO MANY CASH WHY STILL NEED INVESTOR MONEY AGAIN....???CHINA STOCK..BOLEH KE..?JGN KENA TIPU LAGI........AWAK DAH LUPA　ＣＳＬ KE？??/?

Posted by MuttonCurry > 2016-01-02 12:40 | Report Abuse

Actually ks55 already hinted. Your trade payables at all time low ... inventory at record low ... and still want to buy knitting machines kah ? Ask any factory, they will tell u they will only buy if they cannot keep up with demand. Here the opposite is happening with absurd EPS for the Quarter to boot.

Go back to my original question ... how liquid is the cash hoard (assuming it is real ?). That money put in FD would have generated funds to pay dividend but ... wait come back and slap investors with RI some more.

I think the cash hoard has been used as collateral for their misadventures in china stock market. Probably up to their ears in debt. Local china bank also dont want to lend them money.

Strange part of all is that they have been at this game f
or last 5 years going into 6th year. Malaysians are not only senile but patient and forgiving ... but i am not like my countryman.

Posted by murali > 2016-01-02 12:43 | Report Abuse

I think this RI is specially designed for koon koon n friends...

Posted by tpchit > 2016-01-02 12:44 | Report Abuse

after RI RM50 cash and the real cash dry up in a year or 2

the scammers already planned by now, what is their next move, do some fake loans with 3 parties and then their factories suddenly burnt down...

massive write down of assets, impairments and cash in banks, the cash RM900M become negative ...

company went into PN17, delisted

bye bye shareholders, thanks for your money......

Posted by murali > 2016-01-02 12:46 | Report Abuse

Dear mr.koon,cut loss n move on.

Posted by murali > 2016-01-02 12:46 | Report Abuse

Dont bring yr ego when comes to stock mkt.

Posted by Lim Elson > 2016-01-02 13:23 | Report Abuse

first thing in the monday morning... would you cut lose ??? or take profit ??? or still hope ???

Posted by Desa20201956 > 2016-01-02 13:26 | Report Abuse

I have no idea what MrKoon will do.....but the stock will fall minimum 10 % next few days.

Posted by murali > 2016-01-02 13:30 | Report Abuse

I think it may go up...

Posted by Desa20201956 > 2016-01-02 13:39 | Report Abuse

May is a probability.
May says nothing until we see the money.

A lot of shares fall after AGM.....this will also be in line.

Posted by murali > 2016-01-02 13:42 | Report Abuse

Koon koon sell nobody buy...if he push up some people will follow..unless china con con sells

Posted by murali > 2016-01-02 13:44 | Report Abuse

Its now a battle between koon koon n con con...plus some small flies trying to cari makan..

Posted by Jimstock > 2016-01-02 15:12 | Report Abuse

Those machines value no body will know, not even koon's spy the auditor. 99mln for knitting machine??

Posted by SO Tan > 2016-01-02 20:17 | Report Abuse

We will know this coming Monday.

Posted by BenBlurBlur > 2016-01-02 20:31 | Report Abuse

Got con a few times Mr Koon was newbie at 70 is it? Thank u

Posted by DreamMaster > 2016-01-02 23:16 | Report Abuse

Big BoeullShhitter only leihh, that KYY

Posted by asdf > 2016-01-04 06:24 | Report Abuse

This is willing buyer willing seller mkt, why all the fuss?

Posted by goreng_goreng > 2016-01-04 09:31 | Report Abuse

yes but not willing to get conned buyer and willing to con seller. see the different?

Posted by skyz > 2016-01-04 13:31 | Report Abuse

and a day b4, KYY release an article on bragging why he buy XinQuan. the very next day walk out disappointed at the AGM. looks like its his typical modus operandi at work again.

Posted by greatful > 2016-01-04 20:52 | Report Abuse

may be he about to sell off then need to goreng so that got others to buy his portion. when everybody bought, he dump. After dump a lot, he not scare to shoot in AGM. Aiya, this is how he made money from small fishes lo

Posted by kk123 > 2016-01-04 20:54 | Report Abuse

Definitely have to generate volume
Else how to dispose so many shares ?

Posted by veln82k6 > 2016-01-04 20:55 | Report Abuse

KKY start selling liao. Game over for XinQuan..

Posted by sharktank > 2016-01-04 20:56 | Report Abuse

His profits from just latitud alone can cover 500% times of his investment in Xinkalun. he no need to exit, just use his 5% profits to cover his losses in xinkalun. Diversification is a good insurance policy for all investors mah.

Posted by kk123 > 2016-01-04 20:57 | Report Abuse

Koon shld not just walk out
He shld get few dozens of rotten eggs and pass to all the angry shareholders - who I suspect they know how to aim at the board of directors

Posted by i4investor > 2016-01-05 12:29 | Report Abuse

at least Stock God dare to voice out, now a lot people aware the fake china stock how sucking ppl hard earn money

Posted by Jolin Lai Chi Pet > 2016-01-07 13:07 | Report Abuse

KYY shouldn't just walk out, at least throw his shoe to the director head first!!!!!!!!!!!

Posted by lyk204 > 2016-01-08 11:00 | Report Abuse

Just boycott/sell off this share and let the board shiver in their pants !

Posted by Edwardong53 > 2017-05-06 15:35 | Report Abuse

Most public listed companies always take their minority shareholders (like us retailers) for a ride. Even though the companies can be making losses but their useless directors can still get their perks and fat directors' fees. There is no accountability and responsibilities of these directors; as when things don't seem right, they just resigned and "washed their hands" as no law here can convict them of their negligence and wrongdoings. Who are the losers ...... we retailers... trying to make some misery income via dividends payout and capital appreciation of the shares.

Posted by John Lu > 2017-06-23 08:38 | Report Abuse

Interested to know uncle Koon still holding XinQuan?

Posted by CharlesT > 2017-06-23 08:40 | Report Abuse

Uncle keeps on sapu until the last minute before it suspended.

Geng!

Posted by John Lu > 2017-06-23 08:41 | Report Abuse

Murali sifu, why he keep sapu?

Posted by CharlesT > 2017-06-23 08:47 | Report Abuse

Bro U have to ask him not me....he sapu not I sapu...lol

His PLPman did mention several times that the biz indeed is very good so the China Boss purposely wanna delist it so can makan alone...maybe Koon knew his plan...maybe...

Posted by John Lu > 2017-06-23 08:49 | Report Abuse

This type of chinaman counter really conman

Posted by Stock Kingdom > 2017-06-28 10:12 | Report Abuse

.....