Posted by geary > 2016-01-31 14:00 | Report Abuse

Cash/share=Rm 2,80. Cash Flow/share=0.58. Industry standard this company should be at least above 2.80. All these CASH are too good to be true!!!

Posted by murali > 2016-01-31 16:34 | Report Abuse

If u r angry with idiots then u r a bigger idiot...

Posted by leadership > 2016-02-01 09:06 | Report Abuse

Hi geary. Kindly share with us your thoughts as to why RHB Investment Bank Bhd is providing funds to the substantial shareholders to subscribe for the rights.

Posted by weewee22 > 2016-02-01 09:20 | Report Abuse

RHB is merely the adviser for the transaction i.e. advising on the rights issue and procuring the necessary approvals from authorities. It doesn't seem that the Bank is financing the promoters on the rights issue nor it is acting as the underwriter on the rights issue to the company.

Let just hope that there is genuine need for the company to raise the cash for its "perceived" expansion. I hear that the Banks in China is tightening on credit to smaller companies which could drive such companies to raise equity to fund expansion. Anyway, seems odd that there is such a need for company to expand capex aggressively given that their sales (in RM) is fast declining albeit the appreciation of the RM.

Posted by leadership > 2016-02-01 09:43 | Report Abuse

As per Page 58 of the circular to shareholders dated 14 January 2016 RHB Investment Bank Bhd has extended a credit facility amounting to HKD50 million (RM28million) to the Tai Zhen Xiang Holding Ltd for the purpose of subscribing for its entitlement undertaking.

Posted by leadership > 2016-02-02 13:05 | Report Abuse

I like jokers like r--------t otherwise the forum will be rather boring.

Posted by coolinvestor > 2016-02-04 16:28 | Report Abuse

actually i believe its the mentality of the chinese owners in china itself.

1) dun give shit about enhancing shareholders return...becoz majority of xinquan owned by only 1 fella.
2) maybe the huge cash reserves are for ease of siphoning out anytime for own use....
3) they are in china u cant do anything about it in msia..sue them? how?
4) just dun care about the share price....why care? got loads of cash to use ma...who cares my stock price in some far away land drop like hell

I believe china ppl's mentality is like this. almost all of china listed companies in msia stock prices drop like mad...no logic

I would stay away from china companies. buy at your own risk

good luck

Posted by fong7 > 2016-02-08 01:11 | Report Abuse

至於近期有網民在國內著名投資網站兩度爆料指該集團中國工廠上演“空城計”的事件，吳清泉表示對此事知情，並認為這是一件誹謗事故。

至於會不會採取法律行動，他認為公司確實在操作及生產，沒必要採取行動，也不知道要告誰。

點看全文: http://biz.sinchew.com.my/node/130968#ixzz3zVFkXkmk
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

Remember Ah Jib's US WSJ case? Same situation. They won't sue, because there is nothing to sue. Hahah!

Posted by davidkkw79 > 2016-02-11 01:13 | Report Abuse

Agree...of course not sue....cause that is really true that XinQuan is a conman company.

Posted by slbzr > 2016-02-24 17:12 | Report Abuse

About 45% lower yoy

Posted by wonderboy > 2016-02-24 23:05 | Report Abuse

Wah so geng juz realise this company equity-to-asset ratio is 92.7%

Posted by Angielim9955 > 2016-03-04 01:19 | Report Abuse

ks55： ：ks55　what do you mean Expect share price to fall further when approaching ex date :

what ex date ?

as I understanding Xinquan not giving any dividend ?
so can update me a bit please , what ex date you mention ?

thanks for sharing

Posted by i4investor > 2016-03-04 14:01 | Report Abuse

ex-date for "wrong" issue...or normal ppl call it right issue

Posted by i4investor > 2016-03-04 14:05 | Report Abuse

so..."they" are accelerated roadmap to hell...also will pass by holland

Posted by i4investor > 2016-03-04 14:06 | Report Abuse

Remember, this is Uncle Koon highly recommended share!!!!

Posted by 914601117 > 2016-03-04 15:05 | Report Abuse

i lost a motorbike already

Posted by Angielim9955 > 2016-03-04 17:00 | Report Abuse

914601117 & i4investor :
Hi friend . Do you know why today xinquan open at 3.7 ?
Yesterday closing is 0.4 right.
Why today claim -0.02 ? If yesterday closing price is 0.4today should minus 0.06 not 0.02
Why it use closing price as 3.65 instead of 0.04 ?
Please tell me as I lost a lot of money in this counter, crying now .

I appreciate your help .
Please let me know what happened for the closing price ?

Posted by leno > 2016-03-04 20:19 | Report Abuse

yesterday 2 share = 80 sen, Today x-date ... u need to pay 30 sen for 1 new share for every 2 share u own ... so, 3 share = 40 sen + 40 sen + 30 sen (new share) = RM 1.10 for 3 shares therefore each share adjusted to RM 1.10 / 3 = 37 sen lor. Dun worri ... your remissier will start phoning u to pay up the 30 sen for every 2 shares u own. Or ... u better start phoning him instead.

Posted by Angielim9955 > 2016-03-04 20:39 | Report Abuse

Leno. Thanks for your explanation. I understand all .
You very helpful
Thanks a lot.
Actually I bought xinquan above 0.5. Do you think this counter can make profit as usual . Because I wish to cut loss. Every day drop .
My money missing a lot.
But I checked xinquan every year making profit
Never loss money .good performance.
Nta super high . Fund a lot.
What the hell of xinquan need right issue ?.
Do you still hold xinquan ?
Do you think xinquan this year will give dividend to us?

Posted by Angielim9955 > 2016-03-04 20:52 | Report Abuse

Lena. Can ask one more stupid question:
Let say some share holder like me refuse to pay the 0.3 price for right issue share . Then what is the effect ?

Posted by leno > 2016-03-04 22:17 | Report Abuse

current share price is 37 sen ... u pay 30 sen for the share then quickly sell at 37 sen to recoup some loss mar ... HAHAHAHAHAH ... some more got free warrants wor ... also can quickly sell mar ... But the catch is it may drop below 30 sen before u manage to sell at 30 sen. The risk is yours to decide. If u dun wan to pay the 30 sen ... then i think the directors have to sapu himself lor. The catch here is ... if after u forfeite the right ... the share price still remain at 37 sen ... u just lose the 7 sen profit from the new share lor. I cannot tell u wat to do. But xinquan is a CONMAN company. Wish u all the BEST. Cheers !

Posted by Angielim9955 > 2016-03-05 01:30 | Report Abuse

thank lena

Posted by slbzr > 2016-03-05 14:35 | Report Abuse

if not subscribing for the rights, I will sell off 50% of my holding on xd and subscribe to the rights and get free warrant, I will gain 7 sens and see what is the price of the warrant upon opening and sell again the warrant for another few sen gain

Posted by Angielim9955 > 2016-03-05 18:18 | Report Abuse

Slbzr : Thanks for your suggestions. I will take it. Good idea .
Thanks.
But why xinquan share minus 0
025 instead of 0.03.
As I cal opening 0.37 - 0.34 = 0.03.
?

Posted by Asia88 > 2016-03-08 11:48 | Report Abuse

You ask a lot of question Angie....Are you a young investor?

Posted by Angielim9955 > 2016-03-08 13:57 | Report Abuse

Hi Aaia 88. Ya just started this year. And I regret bought xinquan . Why nta super high and cash a lot still need right issue .
?
Can teaching a bit .
And can I know why every time after ex date share will adjust down . Can I know who adjust one, by bursa Malaysia or by shares holders.
Sorry if I ask you too many questions .
Haha

Posted by 914601117 > 2016-03-09 11:25 | Report Abuse

Please study other red chips how they have reported huge losses suddenly over 2-3 years and wipe off cash and NTA.

past 3 to 4 years, price crashing
CNOUHUA - 0.55 to 0.04
CAP - 0.75 to 0.06
CSL - from 1.60 to 0.11
MSPORTS - 0.50 to 0.06

XINGUAN - 1.60 to 0.29 (still in downtrend)

Posted by AyamGoreng > 2016-03-10 11:43 | Report Abuse

kikikikiki, red chips like to wash your money away!

they're all 14 red chip listed in Bursa
don't forget also KStar, Maxwell, XDL & etc....

Posted by rockycleft > 2016-03-10 14:55 | Report Abuse

They wash u clean..... Heading ?

Posted by ladahitam > 2016-03-10 20:41 | Report Abuse

turning around I believe strong support at 0.285, buy rate of 46% today, owners bound to push to at least 0.32 for right issue

Posted by smartly > 2016-03-10 20:47 | Report Abuse

gone case liao. right have no value at all.

Posted by ivan9511 > 2016-03-11 03:58 | Report Abuse

shit

Posted by ivan9511 > 2016-03-11 03:59 | Report Abuse

I have been cheated..
crying...................................................

Posted by rockycleft > 2016-03-11 11:26 | Report Abuse

What did u expect" ?a Holy Alliance ?

Posted by ladahitam > 2016-03-11 13:52 | Report Abuse

most likely owners might push for MGO at around 0.40-0.50, after the rights issue.

Posted by benboy > 2016-03-12 14:45 | Report Abuse

It has to be a GO since they dont hold 90% or more of shares. Anyway base on average price premium, a GO will not be more than 40.0c. likely to be 35.0c +/- range.

Posted by ivan9511 > 2016-03-13 18:14 | Report Abuse

I hope tomorrow will up back better above 0.35 .

Posted by Jolin Lai Chi Pet > 2016-03-16 07:43 | Report Abuse

that is impossible!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by slbzr > 2016-03-19 10:04 | Report Abuse

haha this red ctrs after div, rights, bonus issue will shows its true color, i.e. will slowly going south

Posted by ivan9511 > 2016-03-20 18:49 | Report Abuse

why this year no dividen but nta and cash keep improve , xinquan make a lot of profit should provide 5sen dividend lol

Posted by cytew > 2016-03-20 18:57 | Report Abuse

I think only Wu Xing Quan will subcribe for the right issue...

Posted by davidciao > 2016-03-22 10:57 | Report Abuse

I agree with cytew. looks like they are pushing the share price down below 30 sen so that nobody will subscribe the rights and they will sapu all!!!! and they will also get all the warrants and can do wonders with it!!!

Posted by davidciao > 2016-03-22 10:58 | Report Abuse

This is the cheapest way for them to collect their shares back at damn cheap price rather than to launch a GO to collect their shares back!!! If they are buying, who is selling for the past 2 weeks??

Posted by davidciao > 2016-03-22 11:01 | Report Abuse

I think this is the first step to GO. If nobody takes up the rights, the major shareholder % will probably increase to 70%. Really smart Con Man!!! They must has good Advisers!!! SNNBCCB!!!

Posted by davidciao > 2016-03-22 13:55 | Report Abuse

i just calculate.. definitely will take it private once Rights Issue is completed! A$$H0IE damn smart!!! if they take up all the Rights Issue - 169 m shares, they will reach about 70%. then they get warrants and they can convert ALL the warrants at only 40 sens... That will bring them close to 75%!!! With the Rights issue, They just manage to sapu >20% at around 33 sen ONLY!!! Damn Kau Smart!!! I also want a piece of this action!!! SNNBCCB!!!!

Posted by show > 2016-03-23 16:10 | Report Abuse

XINQUAN and MSPORTS same situation, will surely be taken private, they have no choice.

There are only 2 scenario here,

1. If accounts are faked, the safest for the "con man" will be to take it private and nobody will investigate, "con man" will be safe from prosecution.

2. If accounts are real, when taken private, "conman" will become very rich.

So, fake or real, privatisation is a sure thing.

As for the rest of us here, when taken private, surely will be higher than the current price. So, it is a sure win if you can grab and hold.

Posted by ivan9511 > 2016-03-24 03:44 | Report Abuse

XINQUAN , I wish you eat shit !

Posted by Jolin Lai Chi Pet > 2016-03-24 07:44 | Report Abuse

XinQuan eat abalone and shark fin on everyday, but only u eat shittt everyday.......

Posted by rockycleft > 2016-03-24 12:08 | Report Abuse

Or eat curry rice if long arm nabs them......

Posted by supersaiyan3 > 2016-03-24 12:49 | Report Abuse

Xingquan, what a story!

It's amazing after so many years still there are somebody imagine it is a good company. Privatisation? Haha!

I spent so much time research on this company. Whenever i went to China, i walked long distance just to find their products or shop. Finally, I gave up after i went to a few Parkson in China and just couldn't find any Addnice or Gertop.

Anyway, you know what the Chinese say?

1. The money is real in the bank.

2. The money doesn't belong to the company. It's there but they cannot touch it.

http://qz.fjsen.com/2011-11/02/content_6628132.htm

3. Probably most people didn't know this news on the fire. Why all the officers went to the scene so fast? They are closely related.

4. Money Laundry I think.

5. Xingquan was brought to Malaysia after ah Jib visit to China.