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.

Posted by soojinhou > 2017-09-05 21:45 | Report Abuse

Sitting on a mountain of cash but do rights issue? Well, good luck unkle koon, wish you a nice fat payout.

Posted by CharlesT > 2017-09-05 21:46 | Report Abuse

unless he managed to pakat with china conman finally for mutual benefit leh....but i think chances of delisting is much higher

Posted by KLCI King > 2017-09-05 21:47 | Report Abuse

Then all money he claimed he invested will be come cold air? lol

Posted by abang_misai > 2017-09-05 21:49 | Report Abuse

Bully kaki CharlesT

Posted by KLCI King > 2017-09-05 21:52 | Report Abuse

The total money he invested was only about 6 mil, nothing to cheer about.


KYY: "I can imagine the amount I will make from my 86.9 million shares, costing me 6.85 sen per share. I will be laughing all the way to my bank."

Posted by optimus9199 > 2017-09-05 21:54 | Report Abuse

Cannot blame him due to his old age

Posted by Flintstones > 2017-09-05 21:54 | Report Abuse

Wow.....securities commission might be interested to lim kopi

Posted by Flintstones > 2017-09-05 21:55 | Report Abuse

After so many years, he still believes the audited assets figure is real!

Posted by CharlesT > 2017-09-05 22:14 | Report Abuse

86.9m at average price 6.85 cents? ada betul kah? nyayuk again?

Posted by Stock Kingdom > 2017-09-05 22:17 | Report Abuse

May be it is fun for him, at this age & the wealth he has. 6mil is nothing to him.

Posted by CharlesT > 2017-09-05 22:18 | Report Abuse

much more than 6 millions for sure...he started to buy at rm1.50+...

Posted by Jonathan Keung > 2017-09-05 22:19 | Report Abuse

the problem faced by small timer like myself to lose $6k betting on xingguan is and still a high risk bet conpared to other penny stocks

Posted by chkhooju > 2017-09-05 22:19 | Report Abuse

Wishing Uncle Koon good luck. Hope he will laugh all the way to his bank.
Personally I feel we should AVOID this counter by all means.

Posted by paperplane2016 > 2017-09-05 22:27 | Report Abuse

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....

Posted by RainT > 2017-09-05 22:34 | Report Abuse

Feel bad some comments said KYY, old , sick, dying etc

Please don't say that ...one day all of us also will get old , get sick and dying

If want comment don't shoot people like that

Posted by cschua > 2017-09-05 22:35 | Report Abuse

This is like buying 4D. Sure fail!

Posted by lizi > 2017-09-05 22:39 | Report Abuse

IF UNCLE WIN THE BET, I DON'T KNOW WANT TO CALL UNCLE "GOD OF GAMBLER" OR "STOCK GOD", 赌神 or 股神 ?

Posted by paperplane2016 > 2017-09-05 22:40 | Report Abuse

Who said 4D sure fail? Still got 1 out of 10,000 to strike first prize. Buy Magnum earn mOney. Get dividend, happy

Posted by paperplane2016 > 2017-09-05 22:42 | Report Abuse

I already offer the option to Mr. Koon. Up to him to think loh

Posted by GL18 > 2017-09-05 22:43 | Report Abuse

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...

Posted by coolchef > 2017-09-05 22:45 | Report Abuse

ask Apek ks55,what the taste of grapes since you have lumph in your mouth...hahhaha

Posted by coolchef > 2017-09-05 22:46 | Report Abuse

Ask apek ks55,what is the taste of grape since you lumph in your mouth....hahaha

Posted by coolchef > 2017-09-05 22:48 | Report Abuse

ask apek ks55,what is the yaste of grape,since he has mouth lumps!!

Posted by paperplane2016 > 2017-09-05 22:55 | Report Abuse

27mil sap sap sui to kyy , he can afford to lose. Or afford to buyover. And safe or revive the company loh

Posted by Whey Whey > 2017-09-05 22:56 | Report Abuse

Lol kyy good bet counter is still suspended lmao

Posted by fatty_tang > 2017-09-05 22:56 | Report Abuse

Why only xinquan? Most other locally listed chinese companies also has tons of cash

Posted by paperplane2016 > 2017-09-05 22:58 | Report Abuse

Hehe, shhhhhhhh

Posted by Alex Foo > 2017-09-05 23:21 | Report Abuse

why uncle want to sialang? why why why?

many flowers out there~

Posted by Whey Whey > 2017-09-05 23:23 | Report Abuse

Because his EGO so he cant admited he make a bad invest lol

Posted by paperplane2016 > 2017-09-05 23:24 | Report Abuse

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

Posted by paperplane2016 > 2017-09-05 23:26 | Report Abuse

And u too drama loh, watch too many Hong Kong drama is it.

Posted by paperplane2016 > 2017-09-05 23:28 | Report Abuse

Koon own 86.9mil as per article, that is 17.9%

Posted by pang72 > 2017-09-05 23:28 | Report Abuse

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...

Posted by paperplane2016 > 2017-09-05 23:33 | Report Abuse

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

Posted by Alex Foo > 2017-09-05 23:36 | Report Abuse

uncle koon really that kaya? it will be so sad if it burns up =(

8billion FD @3.3% = 264million p.a.

= 22million per month

wah~

ok i go sleep liao

Posted by supersaiyan3 > 2017-09-06 00:23 | Report Abuse

Icon8888, good one. Can't agree more.

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.

His cousin probably same level as him.

Posted by supersaiyan3 > 2017-09-06 00:40 | Report Abuse

They stopped updating their website long time ago. The mastermind has moved on (for other projects), wake up, uncle Koon.

Posted by choop818 > 2017-09-06 02:06 | Report Abuse

I believe KYY has a message for you. Think about it.

Posted by choop818 > 2017-09-06 02:23 | Report Abuse

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.

Posted by tenmil > 2017-09-06 02:35 | Report Abuse

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?

Posted by tenmil > 2017-09-06 02:43 | Report Abuse

Or BSKL and the shareholders just gonna happily roll over and die? Seem like no one has been penalized for the public rape except the shareholders.

Posted by gohkimhock > 2017-09-06 06:13 | Report Abuse

神是他鬼也是他..

Posted by Albukhary > 2017-09-06 08:31 | Report Abuse

CharlesT, good analysis, we need fact and figure like what you just did to tear off the mask of the old man.

This old man is really too ego and he always thought the forumer here are idiot.

Posted by CharlesT > 2017-09-06 08:32 | Report Abuse

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

Posted by pang72 > 2017-09-06 08:35 | Report Abuse

Uncle hints you that red chip is in focus.You should look for tbe red chip with similarity as Xingquang which is.....
C

Posted by CharlesT > 2017-09-06 08:48 | Report Abuse

Or just do a simple reverse calculation:

Total : 86.9M at so called average cost of 6.85 cents = Rm5.95265M

1) New batch of 50.5M at Rm0.035 (RM1.7675M)
2) Old batch of 36.4M at Rm0.1149 (RM5.95265M- RM1.7675M=RM4.185M/ 36.4M shares)

Old batch at RM0.1149? U did a mark to market loss basing on it's market price then?

Posted by Up_down > 2017-09-06 11:31 | Report Abuse

It's certainly that Impairment Losses in portfolio has been provided before getting such a low average purchase prices as stated now.

Posted by paperplane2016 > 2017-09-06 11:33 | Report Abuse

oklah, ask u all sialang xingquan, you all go buy HUAAN instead.. how to be top class investor like tht

Posted by CharlesT > 2017-09-06 11:34 | Report Abuse

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!!