Say that the NTA is RM3 now... If all warrants fully converted, NTA will drop to RM2. Warrant conversion at RM1, this mean that your warrant is worth RM1.... Why that stupid girl want to push out her tickets at only 0.1x cents? Think it carefully?
Push up the mother share is for them to release the warrants at higher price. After that, they will dump the mother share again... This children tactic they also play.. lol
Very funny, date of change on the 20mil disposal by Ng Sio Peng is on 29/5/15 with the price of RM0.10 but total market volume of the warrants for that date is only 520,000 with the price range of between RM0.12 - 0.125
Highly suspicious as buyers suddenly withdrawn?? RSI shown overbought position. Are they farming out the shares for syndicates to play? Disposed 20 mil warrants at such cheaper price?
OOI GUAN HOE >> leave and replace with >> Dato' HAJI RAMLY BIN HAJI ZAHARI.
Wow... solid background...
Years 1980 to 1981 Assistant District Officer in the Office of the Regional Council Dinding ( Manjong ) , Perak
Years 1981 to 1986 Assistant District Officer ( Development ) at the District Office in Larut, Matang & Selama Perak
Years 1986 to 1993 Assistant District Officer ( Land ) at the District Office in Pengkalan Hulu, Perak
1995 General Election (The 9th Term ) Won the General Election, representing Barisan Nasional. Elected as Ahli Dewan Undangan Negeri Manong. Elected as the Executive Counsellor Member of Perak Government (EXCO) holding the portfolio as the Chairman of Agriculture and Rural Development Committee.
1999 General Election (The 10th Term) Won the General Election, representing Barisan Nasional. Elected as Ahli Undangan Negeri Manong. Elected as the Executive Counsellor Member of Perak Government (EXCO) holding the portfolio as the Chairman of the Entrepreneursh
2004 General Election (The 11th Term) Won the General Election, representing Barisan Nasional. Elected as Ahli Undangan Negeri Manong. Elected as the Executive Counsellor Member of Perak Government (EXCO), holding the portfolio as the Chairman of the Entrepreneurship and Industrial Development Committee.
2008 General Election (The 12th Term) Won the General Election, representing Barisan Nasional. Elected as Ahli Undangan Negeri Manong. On the 7th May 2009, I was elected as the Executive Counsellor Member of Perak Government (EXCO), holding the portfolio as the Chairman of Infrastructure, Pubic Facilities, Power and Water.
Today I cut loss all my Xinquan holdings. I found out 2 weird things to share with all.
1st, Xinquan's CEO mainly & top management guys obtain over RM10,000,000 annual income. Year after year, these people have salary increment greatly. So, if Xinquan's CEO don't sell off their shareholdings, they are OK. In XDL, Maxwell, Kstar, CAP & Msports, all these CEO & top management obtain less than RM5,000,000 annual income & some even lesser than RM2,500,000 annual income. What this indicates? Even without dividend given to shareholders, these top guys are OK financially.
2nd, it is said that GERTOP is one of the top 3 brands in China. But result may not be so. I found out that Taobao.com, other china top internet online shopping website got sales recorded for every brand. GERTOP in fact just got a few items hit over a few hundreds shoes or clothes sold. When I compare with Camel brands or other brands, other brands got thousands same type of shoes sold.
3rd, If Xinquan really got cash over RM700 million or over RM1.70 cash, it does not make sense at all for the top shareholders & CEO to sell off their warrants at 10 cents. After all, the conversion rate for warrant is RM1 + 10 cents = RM1.10.
4th, why wait till recently give 2 cents of dividend after the 10% private placement? Is it using the private placement cash to pay for the 2 cents of dividend?
5th, In China, I saw brands like Camel even has to do a lot of promotion to get sales done at better result. How come GERTOP brands can consecutively without stop to increase its selling price quarter after quarter without stop from 3 years ago till now? Is the brand really so attractive? If so, how come China online shopping's figure does not support what it says?
To all still hold Xinquan shares, GOOD LUCK. I abandon this ship liao.
If this is the case. Better don't touch the shit... Else later they come out another round of private placement and pay you another 2 cents. Share from 50 drop until 10... dangerous!!
Xinquan no more hope. Making so much but share can still drop more than 10% in a day. Major Shareholder can dump so much warrants. Idiot bought at 1 dollar but dump at so much discount price. He needs money to buy coffin? Young Director become old Director... Come on, they are selling shoes, accys and clothes, not open old folks home right? Some more China company, why go hired Malay Director? They need to spend extra money for translator? Chicken talk to duck? If so, why don't go hired Ang Mo? Just like MAS, more quality ma. A lot question marks right, so don't be greedy with the figure please! Ask the conman get lost from KLSE.
Where is the cash amounting to hundreds of million RMB as claim by the previous annual report. Why need private placement , is it for raising cash to pay dividend ? Too mysterious and frightening to contemplate....
Chinese market is still very much a traditional market. You still see them go to broker house with cash and even corruption they got caught with cash in their house. Online purchase is for bargain hunter and branded outlet is to show-off the wealth. Just like our neighboring country, the wealthy and rich willingly park the wealth to enjoy the life style with all the branded good.
Xinquan already on free fall for the past few trading days. If Xinquan is so profitable perhaps it's time for KYY together with a few shareholders accumulate the shares & kick out NG SIO PENG since she does not give investor confidence though Xinquan reporting profit with highest accm cash since its listing. Even XIE ZHIDONG who subscibed to the private placement was disappointed & sold off the shares. Perhaps should privatize & realize the CASH or use the cash to take over Msport to realize higher CASH. Xinquan share performance just defy logic as with weaker ringgit, earnings from Yuan conversion should be higher. After the appointment of UMNO politician as an independent director, the shares had been on downward trend, without a single day closed higher than precedent day.
Yes stupidity knows no limit in appointing M'sian politician rather than professional (like accountant) unless something is brewing without our knowledge .... no added value unless d politician able to assist in getting supply contract for Xinquan ....
Name MADAM NG SIO PENG Address 192 Rua do Canal Novo, 5th Floor, Block 12, Gamhoisan Garden, Macau. Macao. Descriptions(Class & nominal value) Warrants
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
22/06/2015
10,000,000
0.065
Circumstances by reason of which change has occurred Disposal of warrants - deemed interested by virtue of her shareholding in Tai Zhen Xiang Holdings Limited pursuant to Section 6A of the Companies Act, 1965 of Malaysia
Nature of interest Indirect
Consideration (if any)
Total no of securities after change
Direct (units) 38,697,605 Direct (%) Indirect/deemed interest (units) Indirect/deemed interest (%) Date of notice 24/06/2015
What's happening to all the listed China Shoe Making firms? Looks like all the controlling shareholders were cashing out??? XDL, Multi-sport, Xinquan??? How to instill investor confidence when they are cashing out? Strangely they didn't do it when prices were good but only on depressed price & worst when the firms had accumulated so much cash.Can SC investigate such awkward transactions? How come when they disposed under private placement no news of new major shareholders as transactions involved more than 5% of paid up capital?
most China small company likes to cheat investor money, they cannot list at Shanghai, Shenzhen, Hong Kong or Singapore. so, they're coming here to list in Malaysia; because Malaysia Boleh, very easy to list. they're selling & cash out the money at deflating price after listing.
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Posted by bearsong > 2015-06-03 18:20 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4763265
Major shareholder keep selling warrant. I believe they don't have any intention to push the mother share up. Beware!!!!!
Another idiot still not show face yet.... stay tune to see their drama.