Posted by Kampung Boy > 2017-10-12 17:22 | Report Abuse

You are Right. I changed my name to Kampung Boy. Thanks Purebear.

Posted by dannytch18 > 2017-10-31 12:14 | Report Abuse

Going to delist? Thanks

Posted by PureBear > 2017-11-01 19:22 | Report Abuse

BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS MULTI SPORTS HOLDINGS LTD AND 5 DIRECTORS AND FINES 3 DIRECTORS

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5590093

Lin Huozhi & Lin Liying are fined for RM1,656,000.

The fines imposed on Lin Huozhi and Lin Liying are computed as at 1 November 2017. A fine of RM500 per market day for each delay of the financial statements (subject to a maximum fine of RM1,000,000 for each financial statement) until the financial statements are submitted was imposed on Lin Huozhi and Lin Liying.

Posted by newbie5354 > 2017-11-02 20:34 | Report Abuse

They got money to pay or not? Today no summit fines already RM 1000 not including RM 1.656 million.

Posted by PureBear > 2017-11-04 14:45 | Report Abuse

newbie5354, it is more than that. Remember, the fines are RM500 per market day for each delay of the financial statements (ie RM500 for each Annual Report & Quarterly report overdue).

The delayed reports are:
AR-Dec15, AR-Dec16, QR-Jun16, QR-Sep16, QR-Dec16, QR-Mar17, QR-Jun17

Hence for each market day, the fines increase by 500 x 7 = RM3500!

The number of reports overdue also increase every 3 months & every year!

The question is, if the two Lin refuse or unable to pay the fines, what can Bursa do? Can Bursa extradite them to be charged in a Malaysian court? Any expert in international extradition law here?

Posted by limsonic > 2017-11-06 16:49 | Report Abuse

any status ? left 3day ............

Posted by Msports > 2017-11-10 20:15 | Report Abuse

2015 AR finally out after 1.5 years delay. Cash remain intact.

Posted by PureBear > 2017-11-10 21:42 | Report Abuse

Annual Report – 2015
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5599997

Page 8 to 9 of Report:
Read I. to XV. yourself, it shows that auditors have a lot of concerns on the accounting!

3. The Auditors have given a disclaimer of opinion in their report on the 2015 Audit highlighting the uncertainties summarized below:
…
V. Cash and cash equivalents - Inability to perform audit procedures on cash and cash equivalents in China in order to obtain sufficient appropriate audit evidence as to the existence of the bank balances in the current account amounting to RMB 496,480,000 as at 31 December 2015.


Disclaimer of Opinion (in Maxwell case, causing PN17):
A Disclaimer of Opinion, commonly referred to simply as a Disclaimer, is issued when the auditor could not form and consequently refuses to present an opinion on the financial statements. This type of report is issued when the auditor tried to audit an entity but could not complete the work due to various reasons and does not issue an opinion.
https://en.wikipedia.org/wiki/Auditor's_report

Posted by PureBear > 2017-11-12 20:26 | Report Abuse

Anomalies in Annual Report 2015:

The two Lin (executive chairman & CEO) are not cooperating with the auditors & the new directors! [1]

The new directors did not receive any support or funding from the company. In other words, they have no control of the company. [2]

The new directors have no access to the accounting books & records of the company! [3]

The new directors used the draft form of the 2015 audit previously prepared by Lin to complete the 2015 audit. [4]

The company didn’t pay the auditor, the company secretary & Registrar of Companies in Bermuda!
“the outstanding fees owed to the Auditor prevented the new directors from recommencing work to finalise the accounts. It was not until 8 September 2017 that the new directors were able to agree and secure funds for a settlement of fees due to the Auditor to allow works to continue.” [5]

There is no ‘Chairman’s Statement’, only ‘Non Executive Directors Statement’. This shows that the executive chairman did not participate in the annual report.

Total value of claims from the legal action against the subsidiary of the company is RMB 488 million! This is almost equal to the suspicious bank balances of RMB 496 million. [6]

References (from annual report 2015):
[1] Page 10 #14
[2] Page 10 #10
[3] Page 12, under “Inability to provide Statement on Company’s affairs”
[4] Page 11 #19
[5] Page 10 #12
[6] Page 10 to 11 #15

Posted by fl888 > 2017-11-12 23:51 | Report Abuse

Re listing ,should shoot up......soon CAP ,xingguan will follow..

Posted by PureBear > 2017-11-13 21:18 | Report Abuse

As I expected, MSports has become PN17 due to auditor's disclaimer of opinion!

PRACTICE NOTE 17 / GUIDANCE NOTE 3 FIRST ANNOUNCEMENT
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5601505

The Board of Directors Multi Sports Holdings Ltd (“MSPORTS” or “the Company”) wishes to announce that the Company has triggered the prescribed criteria pursuant to Paragraph 2.1 (d) of Practice Note 17 (“PN17”) of the Main Market Listing Requirements (“LR”) as based on the Audited Financial Statements for the financial year ended 31 December 2015, the auditors have expressed disclaimer of opinion in the latest audited financial statements for the financial year ended 31 December 2015 of MSPORTS.

Posted by speakup > 2017-11-14 09:18 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=83216&name=EA_GA_ATTACHMENTS

going to be delisted.

Posted by hamitouzhi > 2017-11-15 13:40 | Report Abuse

omg. wtf this China Fujian cheater! i pray lim and his daughters will face the firing squirt!

Posted by 687423 > 2017-12-03 07:11 | Report Abuse

Only fools are fearful of reaping bad fruits while the wise are afrAid of sowing the bad seeds.

Posted by 687423 > 2017-12-03 17:24 | Report Abuse

Great is his fear when the last day is upon him.....

Posted by 687423 > 2017-12-03 17:27 | Report Abuse

Fear not the firing squad but the fire that follow.......

Posted by AyamGoreng > 2017-12-11 11:37 | Report Abuse

kikikiki..... syarikat dari Fujian Jinjiang semua penipu lah, mari sini bohong kita punya duit saja!

Posted by AyamGoreng > 2017-12-11 11:40 | Report Abuse

kikikiki..... kilang bukan dia punya kilang; akaun pun manupulasi juga! SC manyat2 bodoh!

Posted by aam1932 > 2018-01-26 07:18 | Report Abuse

Apa cerita ni

Posted by limsonic > 2018-01-26 19:22 | Report Abuse

waiting MR PARAMJIT SINGH
Quarterly Results dated 30 June 2016, 30 September 2016, 31 December 2016, 31 March 2017 and 30 June 2017 (collectively referred to as the “Outstanding Financial Statements”) to Bursa Securities on or before 28 February 2018.

Posted by limsonic > 2018-02-15 14:22 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1034757
Additional Listing Announcement - Exercise of Warrants
--- still got fella exercise warrants? is Lim Huo Zhi or Paramjit Singh? Relist soon ..........

Posted by curious2 > 2018-02-15 16:29 | Report Abuse

Why got people convert W at 18 sen?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5694717

Posted by AyamGoreng > 2018-02-16 00:53 | Report Abuse

langsung takda masok akal !!!!

Posted by chery > 2018-02-24 10:15 | Report Abuse

Any news on the oustanding financials statements to bursa?

Posted by limsonic > 2018-02-27 22:01 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1037167
Change in Audit Committee

Posted by limsonic > 2018-03-02 20:59 | Report Abuse

The Board of Directors of Multi Sports Holdings Ltd (“the Board”) wishes to announce that the Company had on 21 February 2018 and 2 March 2018, submitted a request to Bursa Malaysia Securities Berhad (“Bursa Securities”) for further extension of time up to 11 April 2018 to allow the Company to issue all the outstanding financial reports i.e. the unaudited quarterly results for the quarter ended 30 June 2016, 30 September 2016, 31 December 2016, 31 March 2017, 30 June 2017, 30 September 2017, 31 December 2017 and the Annual Report that includes the audited financial statement for the financial year ended 31 December 2016, as it was unable to meet the submission deadline of 28 February 2018.

This announcement is dated 2 March 2018.

Posted by PureBear > 2018-04-25 19:04 | Report Abuse

QR out already but revenue = 0 and Net asset at Dec 17 is negative! Ridiculous! What a joke!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5771909

Posted by Msports > 2018-04-25 20:50 | Report Abuse

How abt Bursa fine impose on Lin Huozhi on QR delay? How much fine he must pay for QR release today?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5590093

Posted by Harold Huong > 2018-04-25 21:46 | Report Abuse

All the best to holder

Posted by limsonic > 2018-04-26 08:57 | Report Abuse

2016AR is out, relist soon

Posted by chew1964 > 2018-04-26 09:09 | Report Abuse

more than RMB400M cash disappear in thin air. Any CBT ?

Posted by Msports > 2018-04-27 04:12 | Report Abuse

Why no words from Bursa? GE soon BN don't care who we vote?

limsonic 2016AR is out, relist soon
26/04/2018 08:57

Posted by Msports > 2018-04-27 04:15 | Report Abuse

Paramjit Singh. Erwin Selvarajah(2 substantial shareholders) will vote for MIC?

Posted by limsonic > 2018-04-27 14:20 | Report Abuse

Both of them sure vote 4 BN

Posted by bjgdila123 > 2018-04-27 14:41 | Report Abuse

Bila mau listing balik

Posted by limsonic > 2018-04-30 09:28 | Report Abuse

mlm ni menang PRU, esok relist

Posted by Msports > 2018-06-14 19:32 | Report Abuse

Relist on Monday 18th June. Up or down?

Posted by Buylowselllower > 2018-06-14 21:10 | Report Abuse

Down Up Down .

Posted by chery > 2018-06-15 00:30 | Report Abuse

Msports,any annoucement on the relisting date on 18th June?

Posted by Msports > 2018-06-18 09:41 | Report Abuse

Some take easy way out by cutting loss but will Erwin Selvarajah follow ikan bilis cutloss?

Posted by Msports > 2018-06-18 09:43 | Report Abuse

https://www.bloomberg.com/research/stocks/private/person.asp?personId=11325196&privcapId=10640071

Posted by Msports > 2018-06-18 09:44 | Report Abuse

Paramjit Singh 11.898% is major shareholder. How is his plan to inject plantation company in Msports?

Posted by Msports > 2018-06-18 14:25 | Report Abuse

RM 15 million market cap left. Cheap enough for RTO(reverse takeover)? Permanis or plantation company injection into Msports?

Posted by Kampung Boy > 2018-06-18 15:28 | Report Abuse

Time to buy back your losses and win big. Msports now a Malaysian Controlled PLC. Opportunity like this seldom happen. One good announcement, this Msports will fly 500% at least. If dead, sure dead already. Why relist? Think.

Posted by Msports > 2018-06-18 15:58 | Report Abuse

3 parties own >5% stakes ie Paramjit Singh, Lin Huozhi and Erwin Selvarajah. Either 1 can takeover Msports by injecting their own business. Which 1 of them to win?

Posted by Msports > 2018-06-18 16:02 | Report Abuse

No point relisting if become poorer is 3 major shareholders objective.

Posted by Msports > 2018-06-18 16:09 | Report Abuse

hamitouzhi and Angielim not posting very long bec busy selling at 2-2.5 sen today?

Posted by Kampung Boy > 2018-06-18 16:11 | Report Abuse

Someone wants to list his or her company or companies into BSKL can now buy up Msports and the licence to list alone is worth at least a few millions. Anyone interested....pls buy up fast now.

Posted by olehlehshare > 2018-06-18 18:08 | Report Abuse

500 % still got hope?

Posted by fl888 > 2018-06-18 19:16 | Report Abuse

Only asset left is the listing license, no borrowing, no business, and with empty clean balance sheet........can easily lure anybody to inject any business into it...