Posted by relaks > 2018-06-18 19:26 | Report Abuse

Empty shell. No biz?! Still stir fry at 2 sen! Play masak2 ya, u org?! Wakakah!

So how much is this co worth? Why shareholders bother to hang on?

Posted by fl888 > 2018-06-18 19:34 | Report Abuse

Still got RMB49,000 in bank account.....

Posted by relaks > 2018-06-18 19:42 | Report Abuse

Lol Wah sooooo much ah! Hahaha!

Terrible huh, most bursa counters. Sucks the breathe and blood out of investors. Tulang dia pun try to telan....

Posted by relaks > 2018-06-18 19:43 | Report Abuse

How many shareholders left?

Posted by Buylowselllower > 2018-06-18 19:47 | Report Abuse

Liabilities RMB 4 million + did not see it?
Purposely forgo?

Posted by relaks > 2018-06-18 19:52 | Report Abuse

Pokai d?

Posted by Kampung Boy > 2018-06-18 19:59 | Report Abuse

Probably RMB4 Million is only the overall works done, hotel and flight costs by the new mgmt in China plus Auditors fee plus all misc and legal fees such as mandatory licences renewal in China, Bermuda and Msia. Seeking advises from all counterparts need expenses too. All anew. So no worries lah. Maybe there assets in China suddenly appear back into our Balance Sheet thus bringing back sudden gains for what Msports had written off all to losses in 2016.

Posted by Kampung Boy > 2018-06-18 20:01 | Report Abuse

if I can buy over this Msports cheap cheap, I would probably backdoor list my own company into BSKL. Why not?

Posted by relaks > 2018-06-18 20:09 | Report Abuse

How much is cheap to you?

Posted by fl888 > 2018-06-18 20:19 | Report Abuse

As usual, propose injection of new business, with RI plus free warrant with pump and dump MO...

Posted by relaks > 2018-06-18 20:24 | Report Abuse

If got real biz, real contracts ok la... klau x ada, just propose this, mimpi that...macam juga con job...

Posted by relaks > 2018-06-18 20:32 | Report Abuse

Hahah! Beware this type of counter. Quick sand.

Posted by cheap1 > 2018-06-19 09:07 | Report Abuse

Bought at 1.5 sen. RM 9 million market cap very cheap for a listed company why nobody want?

Posted by fl888 > 2018-06-19 09:13 | Report Abuse

Very cheap at 1.5' your return sure 100% better than FD

Posted by Play00 > 2018-06-19 09:33 | Report Abuse

Just beware of it. Many people with the same thought lose mostly.

Posted by tah16600 > 2018-06-19 09:47 | Report Abuse

Risk is very very low ,just buy some to keep loh!

Posted by tah16600 > 2018-06-19 09:49 | Report Abuse

Just reborn on wrong timing.

Posted by tah16600 > 2018-06-19 09:51 | Report Abuse

Winner r those with holding power.

Posted by tah16600 > 2018-06-19 09:53 | Report Abuse

Less cap.involve but huge gain later

Posted by Kampung Boy > 2018-06-19 14:01 | Report Abuse

True....wait till the ex-Chinaman boss and her daughter dump all their shares first afterall 0.5 sen is still the lowest we can get from both of them. Those cannot wait can buy now at 1.5 sen or 1.0 sen. Everything is possible. Buy some to keep for better announcements later coz I am sure there are something which the new mgmt found worth re-listing after doing their in-depth studies and personal interrogations and audits of the Msports properties in China. The new managements are a team of smart people, right?

Posted by Kampung Boy > 2018-06-19 17:34 | Report Abuse

Copied from their 2016 Annual Report :
As set out in Note 30 to the financial statements, we have confirmed (to the best of our ability given limited rights of
access to information), the existence of 24 litigation cases that were taken against the main subsidiary,
JinjiangBaixing,from2014 till April 2018. The financial amounts involved in the lawsuits were approximately RMB
518.13 million yuan and in some of the cases, either or both Lin Liying and Lin Houzhi are named as defendants to
the claims.
3. As set out in Note 20 to the financial statements, the new directors have concluded that they have no option but to
deconsolidate the Company’s subsidiaries in the PRC as at 31 December 2016 based on a pre-existing loss of
control and their inability to re-gain control of the subsidiaries since taking office. As such, the Company’s
investment in the subsidiaries will be written down as a disposal and going forward, the subsidiaries financial
statements shall not be consolidated into group accounts. In the event that the Company regains control over the
subsidiaries or underlying assets, these will be captured and recognised in the Company’s accounts again.

Posted by Kampung Boy > 2018-06-19 18:11 | Report Abuse

11. Looking forward, pursuant to Paragraph 4.1(b) of Practice Note 17, the company is actively pursuing a
regularisation plan and the Board of MSPORTS anticipates that the said Regularisation Plan may result in a
significant change in the business direction or policy presently adopted by the Company. The Company is now
seeking a suitable business or asset that will meet the criteria to maintain the listing status of MSPORTS on the
Main Board of the Malaysian Stock Exchange within the timeframe allocated to the Company under its PN17
status.

Posted by Kampung Boy > 2018-06-19 19:28 | Report Abuse

Multi Sports Holdings Ltd
and its subsidiaries
77
Litigation
The Company has sought the assistance of lawyers in China to identify and confirm the existence of litigation
involving the subsidiaries and primarily, Jinjiang Baixing with a view to providing us with the official cause papers,
pleadings and evidence filed in the suits. Due to difficulties in accessing information, the lawyers have only been
able to access publicly available information. In April, 2018, we received a report on the status of the various
cases affecting the subsidiaries based on which an announcement dated25 April 2018, the relevant portions of
which are as follows:
1. Due to restrictions by the Chinese courts on the disclosure of and the means of gathering litigation information,
and legal and bureaucratic barriers to the access of private information and company documents in China
involving the PRC subsidiaries, the board in Malaysia has been forced to rely on available public information
and whatever court information is available to non-parties to the litigation, which is by nature incomplete.
2. The following information is based on the best available information from searches carried out by lawyers in
China that we have currently however it is presented with the caveat that we have been unable to access the
actual pleadings and court documents to verify the secondary sources and there may be factual inaccuracies;
further litigation; or subsequent developments in the litigation discussed below that we have yet to discover.
3. The board does warrant or undertake any liability for the accuracy and completeness of information and
materials of the cases involved that have been gathered and organized based on publicly available information.
4. We refer to the table below setting out the key details of the litigation identified.
5. According to the available but incomplete data, Jinjiang Baixing Shoe Materials Co., Ltd. was involved in 24
lawsuits from 2014 till April 2018. The financial amounts involved in the lawsuits were approximately RMB
518.13 million yuan (excluding the objects/value of subject matter of litigation where not stated.
6. Litigation in 2014: There were 2 cases in 2014. The total amount that was the subject of the litigation was
RMB 18.8 million yuan.
a. The value of litigation brought by plaintiff Quanzhou branch of China Minsheng Bank Holdings
Limited, Quanzhou Branch, was 13.8 million yuan.
b. In the second case, the value of the Plaintiff’s claim, Jinjiang Yuancheng Microfinance Co., Ltd. was
5 million yuan. Lin Houzhi is listed as a defendant. The 2 cases were settled through reconciliation
and withdrawal of the lawsuits.
7. Litigation in 2015: There were 5 cases found to have been taken in 2015. The total amount in the objects of
litigation was above RMB 30.002 million yuan (excluding the objects of litigation of unknown cases).
a. The value of the claim filed by Wang Qingyun as plaintiff was 5.8 million yuan, and the case was
settled through reconciliation and withdrawal of the lawsuit. Lin Houzhi is listed as a defendant;
b. the value of the claim filed by Xiamen Port Trading Co., Ltd. Was 2.44 million yuan;
c. the value of the claim filed by Fujian Straits Finance and Leasing LLC was 21.843 million yuan. Both
Lin Houzhi and Lin Liying are listed as defendants;
d. the value of the claim filed by Wanjiang Financial Leasing Co., Ltd. was unknown. Lin Houzhi is
listed as a defendant;
e. the value of the claim filed by JingjiangYigao Exhibition Equipment Co., Ltd. was 0.919 million yuan.
8. Litigation in 2016: There were 14 cases from 2016 and the total amount in the objects of litigation was above
RMB 450.972 million yuan (excluding the objects of litigation of unknown cases).
a. There were 2 claims by Shishi branch of the China Construction Bank Holdings Limited, the value of
the claim was 296.54 million yuan. Both Lin Houzhi and Lin Liying are listed as defendants;
b. the value of the claim by the Fengze sub-branch of Rural Commercial Bank of Quanzhou Limited
was 29.86 million yuan. Both Lin Houzhi and Lin Liying are listed as defendants;
Multi Sports Holdings Ltd
and its subsidiaries
78
c. the value of the claim by Bank of Quanzhou Holdings Limited was 18.335 million yuan. Both Lin
Houzhi and Lin Liying are listed as defendants;
d. the value of the claim by the Fuzhou branch of Ping An Bank Holdings Limited was 52.89 million
yuan. Lin Houzhi is listed as a defendant;
e. the value of the claim by the Quanzhou branch of China Everbright Bank Holdings Limited was
unknown. Lin Houzhi is listed as a defendant;
f. the value of 2 claims by the Jinjiang branch of Industrial and Commercial Bank of China Holdings
Limited was 29.499 million yuan;
g. the value of the claim by Fujian Straits Finance and Leasing LLC was 19.79 million yuan. Both Lin
Houzhi and Lin Liying are listed as defendants;
h. the value of the claim by Deng Yunhua was 0.265 million yuan;
i. the value of the claim by Cai Mingyue was 1.169 million y

Posted by Kampung Boy > 2018-06-19 19:36 | Report Abuse

Looks like Lin Houzhi and Lin Liying are full of shits being sued by so many bankers and others. As long as the company now comes clean with the blessings and agreements of all the authorities concerned...Msports can start anew as a brand new Public Listed Company in Malaysia.

Posted by tah16600 > 2018-06-19 19:48 | Report Abuse

Can be a good target for RTO by local business man who has a lot of assets who need easy n cheap form of listing .

Posted by AyamGoreng > 2018-06-20 12:22 | Report Abuse

celaka betoi penipu fujian ini, dan manyat2 panlai, pakai kita punya ipo duit untuk bayar hutang saja.....kikikiki

Posted by Kampung Boy > 2018-06-20 16:23 | Report Abuse

Think Msports should punish Lin Houzhi and Lin Liying shares and put them all to be zerorised. Can Msports do that? Or just cold storage their shares and cannot be traded until they re-appear again to see our new management under Paramjit Singh and Erwin.

Posted by chery > 2018-06-20 22:56 | Report Abuse

BOD should make a police report on Lin Houzhi and Lin Liying for CBT in cheating the minority shareholders of
msports..The report should also be extended to Bursa for further action.

Posted by Msports > 2018-06-20 23:06 | Report Abuse

Why we need MSWG(PH can close them down to save govn money?) and Bursa? What they can do since we are conned by so call cash rich QR?

Posted by hamitouzhi > 2018-06-21 11:12 | Report Abuse

most of these fujian cheaters were small, backyard or totally non existed company, account/ report are manipulated & submitted to bursa for listed here. later using our IPO monies for pay back their debtors or buy car renovate their house. what a JOKE?

Posted by Singapore88 > 2018-06-21 12:05 | Report Abuse

Belacan china,,sedap

Posted by Kampung Boy > 2018-06-22 17:17 | Report Abuse

Buying 3Mil Shares is not enough to convince investors, Erwin. Someone posted to sell 27Mil shares at 2.5sen at one point of time in the afternoon session, but retracted the post after seeing the ppl throwing at 2.0sen because the 2.5 sen waiting to sell is huge.

Posted by limsonic > 2018-06-22 17:59 | Report Abuse

kampung boy , after 27Mil Sell at 0.025 , then 33Mil sell at 0.025 , wink eyes then 41Mil sell at 0.025 , wink again 34Mil sell at 0.025. average that fella q 500,000/hands

Posted by Kampung Boy > 2018-06-25 17:20 | Report Abuse

Today, Sellers 22 Mil. Buyers 10Mil - 80% done at 0.15 sen. Total Done 33Mil shares.

Posted by limsonic > 2018-06-25 18:43 | Report Abuse

lin huo zhi sell ?

Posted by limsonic > 2018-06-27 18:38 | Report Abuse

Erwin Buying another 7Mil Shares

Posted by fl888 > 2018-06-29 15:52 | Report Abuse

Like football, waiting for the corner kick to reach the Goal.......

Posted by tah16600 > 2018-07-05 12:01 | Report Abuse

Fatty Lin big crook but has no ball to attend meeting , Anyway he n his daughter automatically booted out as director. Will be charge under CBT sooner or later. I can see light at the end of tunnel under new government.

Posted by fl888 > 2018-07-05 13:05 | Report Abuse

Imposition and reprimand under section 354 of KLSE rules looks like good news as new directors have been appointed to regularise the PN 17 status by September 2018..,,,,,

Posted by limsonic > 2018-07-05 19:52 | Report Abuse

Good news , Lin huo zi today already sell out all msports share

Posted by fl888 > 2018-07-12 18:20 | Report Abuse

Think all China linked counters will move anytime now since Tun M and entourage visit China in August...

Posted by rockycleft > 2018-07-17 11:18 | Report Abuse

Lead us not into temptation........

Posted by fl888 > 2018-08-07 13:35 | Report Abuse

Just like in Sports, this stock will shoot up anytime, like CAP..?..

Posted by Francis Lee > 2018-08-08 15:40 | Report Abuse

has anybody ask erwin selvarajah about his plans for ms? like maybe give us a sneak preview of what is going to happen...

Posted by Lim Tek Wai > 2018-08-09 11:34 | Report Abuse

fly so hard

Posted by rockycleft > 2018-08-09 12:30 | Report Abuse

I think thats the only reason why there is vol still.......

Posted by fl888 > 2018-08-10 07:06 | Report Abuse

When this qtr result announced and also RP submitted, sure can double up like a rocketttt......

Posted by fl888 > 2018-08-13 09:26 | Report Abuse

Looks like 2.5 cts will be the trajectory TP for RP....

Posted by Yael Jasper > 2018-08-13 15:44 | Report Abuse

Damn nicee

Posted by AyamMuda1 > 2018-08-16 15:15 | Report Abuse

Who sell so cheap at 2 sen? Those selling how you make profit?