Three reasons why this rebound is sustainable. 1. Quarterly earning will be announced in the next weeks. 2. There will be a dividend payout this time. 3. Xinquan has bottom up. Good luck guys.
Is self proclaimed Super Investor ready to face a total loss?? Where is his cousin, one of the founder of the Auditors S J Grant Thornton and also his son, now the senior partner?
Two pertinent issues that are mind-boggling for this counter.
1. A China National named Mr. Xie Zhidong has on 15/05/2014 subscribed 30,733,000 Xinquan shares via private placement. The price Mr. Xie Zhidong paid was RM1.00 per share. Note: 30,733,000 shares are equivalent to 10% of the total outstanding Xinquan shares. Xinquan is in a Net Cash position, with >RM500 mil cash (far greater than its market cap). http://www.bursamalaysia.com/market/listed-companies/research-repository/research-reports#/?counter=5155&cbrs=all. Why cash is raised when Xinquan is already sitting on cash piles?
XINQUAN: A CASE STUDY FOR IMPACTS FOR THE RECEIPT OF FREE WARRANTS
Say an investor purchased 10k shares of xinquan at RM0.960 pre-free-warrant periods. After the ex-date, he will receive 5k free shares of xinquan-wa. Let's see how his investment has performed:
Pre Ex-date for free warrants 10k shares Xinquan @ 0.96, i.e. RM9,600.00 Investment Cost: RM9,600.00
Post Ex-date for free warrants (based on today values) 10k shares Xinquan @ 0.590, i.e. RM5,900.00 5k shares Xinquan-wa @ 0.14, i.e. RM700.00 Net value for his investment in Xinquan now is at RM6,600.00
Hence, the losses resulted is RM3,000.00 or 31.25%.
u can study to the most of the China listed company here. likes XDL, China Ouhua, HB Global, Msports Holding, China Stationaty & etc... for your reference!
If Koon YY's cousin/nephew is the founder of auditors S J Grant Thornton and also his son, now the senior partner in the firm is still the Auditor on record for Xinquan, I don't see what is the qualm about this RM500m may not be there
I may not trust those Chinese nationals who have swindled Msports etc, but I have no problem putting my money in Xinquan if the auditors are still Malaysian, more so KYY's relatives are onboard
naughtygirl, hahaha, don't make me laugh .... Think logically, A conman only need a few minutes to withdraw cash from bank by hand, by TT, by internet etc... and abscond to nowhere on this planet. What can the auditor (wherever f*ck they are in, Malaysia, China, US ..) do ? ? By time they discover in the next audit, the conman already run away with the money and leaving minority shareholders crying until no tears !!
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Posted by cpng > 2014-07-03 11:03 | Report Abuse
我最讨厌的人。。做婊子还要立贞操坊。。
Trading for living is no wrong.
Why act like an good old investment guru??
Why lure innocent retailers ???