This is problem if 1 person or co hold the share to many compare to other.Like private Company instead of Public Listed ..He like to do anything he want. Nobody can kick them eventhough not perform..RI suffered..
Xinghe not up ...Xinghe-Wa become toilet paper..BOD not working . The way I look, they like to consume company money themselve until dry because of the weak of Bursa Securities procedure. Every Quarter loss , reduce company account.
Bursa Securities do your job..Xinghe have lot of cash..Already number of year company financial at lost position...Regulator and Watchdog need to raise a concern... If not, mountain of cash will disappear if the BOD play punk.
BOD most of them from China/Taiwan..They not doing right to Xinghe..If SC with MSWG not take action to audit /question Xinghe operation, the cash inside bank will finish..Look like those culprit do this slow2 make every quarter lost is a norm..SC do your job
KUALA LUMPUR (Jan 2): XingHe Holdings Bhd is proposing to acquire a prawn farm in Tawau, Sabah, along with related facilities and assets for RM100 million.
In a filing to Bursa Malaysia today, XingHe said its wholly-owned subsidiary XW Aquaculture Sdn Bhd had on Dec 31, 2018 entered into a sale and purchase agreement and an assets sale and purchase agreement with Pegagau Aquaculture Sdn Bhd for the transaction.
This will involve XingHe acquiring a piece of land measuring 97.9 hectares, with a 99-year lease period from Jan 1, 1990 to Dec 31, 2088, at a price of RM12.5 million, and all ponds, other land improvements, buildings, plant and machinery, equipment, motor vehicles, livestock and consumables for RM87.5 million.
On the rationale of its acquisition, XingHe said the Malaysian prawn farm business would supplement its existing edible oil operations in China, which is currently facing production curbs due to China's campaign against environmental pollution in the smog-prone region of northern China, where the group's production plant is located (Neihuang County, Henan Province). https://www.theedgemarkets.com/article/xinghe-buys-prawn-farm-tawau-rm100m
Has anyone checked if Xinghe has submitted financial statements to SSM? If not, I'll do so. If they haven't I'll raise a formal complaint with SSM as a minority shareholder.
Minority shareholder sure boh? Why know how to talk but do nothing yet?
TTNTK Has anyone checked if Xinghe has submitted financial statements to SSM? If not, I'll do so. If they haven't I'll raise a formal complaint with SSM as a minority shareholder. 03/01/2019 10:06
Whatever they do the answer is failed as doing business is not it's intent. Anyway, good for speculation as the price is low. Best kick out from the country but sleeping regulators are still on bed.
Normally price move up first before any news come out. Now news already come out, price still remain...Mean the investor not confident on the BOD action.They need to prove that we are wrong..
this is news is about spending money, so i doubt is a good news.. as you need to invest on the new prawn farm and see around a few years to get back that amount of capital....
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eYuppie
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Posted by eYuppie > 2018-11-19 17:48 | Report Abuse
No gain in capital and No dividend. Worthless counter. What is the sifu advice? Shall we hold or just sell off??