How to bet if the company is suspended by Bursa? What a joke from KYY, too old & dying.
Date Announced 05 Sep 2017 XINQUAN - CONTINUED SUSPENSION OF TRADING
XINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED
The above Company has failed to submit its Quarterly Report for financial period ended 30 June 2017 to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe pursuant to Paragraph 9.22(1) of Bursa Securities' Main Market Listing Requirements ("LR").
Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes as stated in Paragraph 9.22(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.
In view of the above and in accordance with Paragraph 9.28(5) of the LR, a trading suspension will be imposed on the securities of the Company. However, as the Company's securities has been suspended from trading since 8 June 2017, the trading suspension of XINQUAN will continue until further notice.
I think he is bluffing. Playing Texas holdem poker? He has many shares above rm1. Unless he sold and buy back recent and technically start counting from low loh! Why risk the money here???? When u not sure, don't buy loh! Buy sure things, steel and refinery is sure thing now at least....
Normally I'd like to learn from ppl who are authentic .. those that dare share about their mistakes as well as triumphs. As I read somewhere before most ppl will only share about their wins and never talk about their mistakes in stock selection which only seems to me those ppl are doing so with hidden agenda. Honest and truthful ppl nornally shares both...
Icon. Don't think like investor loh! Remember koon said he is businessman. Think like businessman now! If businessman want to list his company, how many money need to spend? On top of tables plus under the table one?
Think like businessman now OK? If got deal, it is good deal for the one who takeover loh
Uncle stated that he has visited Xingquan factory at China. So, some thing is brewing. He knew something? I am highly respect him if he won this battle. It is very interesting to know the end result!
By the way, look like Red-Chips are starting the "goreng" game...
He will need another 33.1% to reach 51%. Count the money see. Or another 82.1% of485mil shares, that is another around 20mil ?? Even his existing shares go to toilet, for his wealth, that is tiny loh. As good as one month fixed deposit interest only maybe
pang72, this KYY has been forgetting things. He already admitted it was a mistake to invest in Xingquan. It has been established as a fact the management put up a show when investors visited the factory. It's all fake! The workers, the receptions, the shops, the plans and the money.
If Xingquan is relisted, I would take it, as a gentleman's honour, that those who have condemned him so freely, will refrain from buying it - how tempting it might be. I think KYY will enjoy this more than going to the bank.
At price close to zero, it will be an interesting arbitrage play if BSKL and shareholders have legal channel to seize the assets or bring justice to the directors. And auditors. And Perhaps the promoters too?
As you know, Xingquan was trading at between 2 sen to 5.5 sen in early June 2017. I bought a total of 50.5 million shares at an average price per share of 3.5 sen. I bought almost all the shares traded.
As you also know, Xingquan has been selling between 10-13 for some time and I have been accumulating it. Last year annual report shows that I have accumulated 36.4 million shares. Now I have a total of 86.9 million shares and my average price per share is 6.85 sen.
I am very curious on the above especially on his so called average cost of 6.85 cents per share (total 86.9M shares).
As at 30 Sep 2016 (Annual Report 2016) he owned ard 47.5M shares (under his name, YSP, KZY etc) or 9.8% shares while as at 20 Oct 2015 (Annual Report 2015) he owned ard 14.2% shares or 48M shares. Thus his shareholdings is quite consistent at RM48M+ during last 2 years. I think his average cost shall be ard RM0.70-RM0.80 for this batch(his first entry price in 2014/2015 was at least Rm1.50+)
He claimed he bought a large batch of 50.5M shares at 3.5 cents before the shares suspended in June 2017 and now is holding ard 86.9M. Ok maybe he sold 10M+ shares earlier (thus reducing from 48M to 36.4M), still his average cost shall be as follows:
1) Old batch of 36.4M at Rm0.70 to Rm0.80 (ard Rm25.48M to Rm29.12M) 2) New batch of 50.5M at Rm0.035 (RM1.7675M)
So total shall be ard Rm27.2475M to Rm30.8875M
Divided by 86.9M shares, his average cost shall be ard RM0.3135 to RM0.355
No way to be at Rm0.0685..Unless he did a write off on impairment loss on his investment in Xinquan? 06/09/2017 08:28
Wah, if he further write off his average cost to RM0.01 then when (if) Xinquan resumes trading n opens at Rm0.10+ one day in future he may make 10 times profit n becomes Superinvestor again...
Salute!!
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Posted by KLCI King > 2017-09-05 21:44 | Report Abuse
How to bet if the company is suspended by Bursa? What a joke from KYY, too old & dying.
Date Announced 05 Sep 2017
XINQUAN - CONTINUED SUSPENSION OF TRADING
XINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED
The above Company has failed to submit its Quarterly Report for financial period ended 30 June 2017 to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe pursuant to Paragraph 9.22(1) of Bursa Securities' Main Market Listing Requirements ("LR").
Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes as stated in Paragraph 9.22(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.
In view of the above and in accordance with Paragraph 9.28(5) of the LR, a trading suspension will be imposed on the securities of the Company. However, as the Company's securities has been suspended from trading since 8 June 2017, the trading suspension of XINQUAN will continue until further notice.