do you understand or not?....delisting but without jail terms is exactly what the Chinamen wants and have planned for.
ed by smalltimer > Jul 9, 2017 09:57 PM | Report Abuse
"Moving from the macro to the micro, Bursa’s show-cause letter issued to China-based Multi Sports Holdings Ltd on its potential delisting might, going forward, prove to be an effective lightning rod in terms of how the front-line regulator deals with errant counters who consistently and stubbornly miss deadlines for the submission of its financial statements.
As it is, Multi Sports has already failed to issue its financial statements since at least 2015, which has continued on to a couple more quarters in fiscal 2016.
The point at which delisting looms for such omissions is well-documented in the Listing Rules, but the actual act of pulling the trigger has always been a difficult one. With Bursa now telling the company, ‘no further extension of time is granted’, the ball is firmly in Multi-Sports’ court."
SC brought in the fujian syndicate to listed in Bursa, never check & verify properly the fake account book is real or not! collected huge fund via IPO from our hard earn monies. SC now want to wash hand cleanly by delisted them?
Did they reply the show cause letter by 10 July 2017? So far no announcement.
Delist and all shareholders will lose their hard earned money. Minority always become the victims. Please amend these outdated/irrelavant laws especially against those red chips counters. We want to see stricter enforcement of laws against. Remember, for minority shareholders, their main concern is to get back their money. A chance to sell their shares and get back their money!
Being warning investors of China stocks for a very long time. Millions are lost by stock holders cos most of then are operating thru "deception" disclosure. Commonsence investment would have save lots of people here. but as usual greed overcome decision to buy such stocks.
whta lar!!.......even reported good weather,fishermen gone out sea got danger?........they are peoples even sleeping never wake up again,....dont TKC only, get the authority to just get those con man punished!!!
YAHOO..... WE STILL GOT HOPE. MSPORTS NOT DEAD YET.......WITHIN 1ST JUNE 2017 TO NOW 27TH JULY 2017, MSPORTS MADE 10 ANNOUCEMENTS....CHANGING FROM OLD BOD TO NEW BOD......YAHOO....THAT MEANS MSPORTS STILL ALIVE AND KICKING......OUR MALAYSIAN TEAM TOOK OVER EVERYTHING AWAY FROM THE CHINA CONMAN TEAM.
YeSSSS!!!....our Malayian Tigers efforts are well commended with appreciations.
China OBOR and Jack Ma cant be affected by these linkoon n pet crooks!!!....After arsenics trace and get back those treasures until the crooks dry n in jail!!!
Beruang tulin.and apek CockKing keep on dulan with your idiots sing cocks ,while having red eyes with thumpingchest in grape yard over weekend.HAAAHAAAAA!!!
The lin koon n both c-pets are crooks,go to the roots and send them to firing squad,whatever left must dig to the bottom, manipulated sunken ship must be rescued.
... after due consideration of all facts and circumstances of the matter including the oral presentation of the Company at the Listing Committee (“LC”) meeting held on 17 August 2017, the LC has decided:-
(1) To defer the de-listing of MSPORTS subject to the following:-
(a) the Company provides to Bursa Securities the duly executed RT LLP’s letter dated 21 June 2017 as evidence of the Company agreeing to the terms of the addendum within 2 weeks from the date hereof i.e. on or before 11 September 2017;
(b) the Company issues the annual report for the financial year ended 31 December 2015 (“the AR 2015”) within 6 weeks from the date hereof i.e. on or before 9 October 2017; and
(c) the Company announces / issues all the outstanding financial statements as at to-date (other than the AR 2015) within 6 months from the date hereof i.e. on or before 28 February 2018.
(2) To de-list MSPORTS pursuant to Paragraph 9.28 and 16.11(1)(b) of the Main LR in the event the Company fails to comply with any of the conditions set out at paragraphs (1)(a) to (c) above. In this respect, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of 2 market days from the date the Company is notified by Bursa Securities or on such date as may be specified by Bursa Securities.
Paramjit Singh, Lin Huozhi are you both aware lately market has turned bullish on China counters eg Huaan, CSL, etc? No reason must suspend Msports so long as short sellers has gone away.
The Board of Directors of the Company wish to further announce that the Company had on 9 October 2017 applied for an extension of time from Bursa Securities till 9 November 2017 for the issuance of the Annual Report 2015 for the financial year ended 31 December 2015 of which is pending for Bursa Securities’ approval.
Msports is still alive and kicking. That Lin Huo Xhi and daughter are still the Chairman and CEO of the group. Received Notice today but dated 09 Oct 2017 from Tricor Share Registrar.
The Board of Directors: Lin HuoZhi (Executive Chairman) Lin LiYing (Executive Director cum Chief Executive Officer) Naren Anand Gill (Non-Independent Non-Executive Director) Clarence Yeow Kong Chew (Independent Non-Executive Director) Guan Swee Kwee (Independent Non-Executive Director) Terence Selvarajah A/L Peter Selvarajah (Independent Non-Executive Director) To: The Warrant Holders of Multi Sports Holdings Ltd
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stockmanmy
6,977 posts
Posted by stockmanmy > 2017-07-10 11:41 | Report Abuse
do you understand or not?....delisting but without jail terms is exactly what the Chinamen wants and have planned for.
ed by smalltimer > Jul 9, 2017 09:57 PM | Report Abuse
"Moving from the macro to the micro, Bursa’s show-cause letter issued to China-based Multi Sports Holdings Ltd on its potential delisting might, going forward, prove to be an effective lightning rod in terms of how the front-line regulator deals with errant counters who consistently and stubbornly miss deadlines for the submission of its financial statements.
As it is, Multi Sports has already failed to issue its financial statements since at least 2015, which has continued on to a couple more quarters in fiscal 2016.
The point at which delisting looms for such omissions is well-documented in the Listing Rules, but the actual act of pulling the trigger has always been a difficult one. With Bursa now telling the company, ‘no further extension of time is granted’, the ball is firmly in Multi-Sports’ court."