Xingquan, which aimed to raise up to RM50.71mil, planned to use all the proceeds, after subtracting the estimated expenses, to buy knit fabric machineries. It currently outsources the production of its apparels and accessories.
GG use all money to buy phony machinery! Run............
kalau saham alibaba dari jack ma, aku pasti beli..... tapi tak mungkin xingquan.....sangat kedekut... dividen nak bagi pun macam nak minta sedekah dari pihak pengurusan.....memalukan saja!!!
3.6 millions pair of shoes, only found out the spec is not right after fully completion ??? You believe this kind of excuse ?? The cost of manufacture this 3.6 millions pair of shoes is RMB 458.9 millions and the management sold it for RMB 43.2 millions !! Ha ha ha...... Very fishy Loh !!!
This was painstakingly forewarned in detail years ago as the signs were so clear even back then. I sent a personal letter to KYY asking him cut loss and sell all even at the then 74sen, though he bought it earlier in at RM1+. It has been a systematic fraud since the start. Nothing was real including the RM700m cash, this irresponsible and illegal paper-story of losing RMB400m and pretty much everything else. When a company with RM800m cash on the books asked you money via rights issue earlier this year, that marked the beginning of the end of what has been an outrageous fraud. Expect the remaining RM700m to be wiped off in other forms of trickery soon. I sympathize with the shareholders but they have been fully cautioned in the past years.
As i already say should be great loses the account with market price only can be balance. Tomorrow will be 4 cents like Xdl, Xinghe, Cap, Maxwell and.....,
We already have no shame MO1 no need to have another CS1(China Sucker1). Can someone stage a tangkap CS1 in front of China embassy and see how the China government respond? My only hope is President Xi will get so angry that he shoot the balls out of those CS1 for bringing shame to China only then my pride is redeem. Happy Birthday Malaysia. Malaysia Boleh.
~~~~~~~~~~~KYY write up "I believe the audited accounts because one of the founders of S J Grant Thornton is my cousin." ~~~~~~~~~~~~~~~~~~~~
KYY said this to "motivate" you to buy, but he know this is fake, but crocodile want to eat chicken, then I have to put aside my HONEST, which I think is not important, as long as MONEY flow into my bank, as long as got STUPID people TRUST me as I AM SUPER INVESTOR.
KYY had done so much for the country and fellow Malaysians. He had my outmost respect. For once please can't we unite under our National birthday spirit and see that our enemy are those main land China Con Man without any shame and dignity that had smear the good name of China and trustworthiness and hardworking oversea Chinese.
China actually look VERY VERY DOWN on Malaysia and the rest of South East Asia except Singapore. To them, Malaysia is poor and sakai country. It is true if you stay in China for few months and you can see how advanced they are. It makes no sense to list in Malaysia unless curi-curi wang.
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Posted by tintan > 2016-08-09 16:02 | Report Abuse
L n G is well managed company , constant dividend & cash rich (abt 400m plus after deducting Loan). Now cum dividend RM20/share. Peak price abt RM 8