Posted by Xinquan > 2017-06-01 21:03 | Report Abuse

ks55 master of deleting comments? From 500+ posts to below 500 posts. Lose money until dare not posts any counter he got own?

Posted by ks55 > Jun 1, 2017 08:38 PM | Report Abuse

Xinquan not able to release audited QR.
This is not the first time. Last time was QR ending 30th June 2016.
Four days later Xinquan will be at 3.5 sen before suspension.
Run before too late......
Note: Xinquan going to be suspended on 8th of June 2017 for failing to release audited QR.


Posted by ks55 > Sep 26, 2016 03:36 PM | Report Abuse
Four more days Xinquan will be at 3.5 sen before suspension.
Run before too late......
Otherwise will be another MSport, sangkut forever............................

Posted by Sslee > 2017-06-01 21:49 | Report Abuse

Dear all,
Many things had happen since I attended the last Xingquan AGM Dec 2016.(CFO and Independent director resign and now unable to release audited Q3 financial result) I believe the truth will finally prevail. The truth hurt and it will hurt many ppl badly, I included but the truth will make a final closure to this sad episode so that everyone can move on.
My question now is who to blame for collecting Rm 164,577,000 during the IPO from Malaysia public? and who should take responsibility for the whole fiasco/scandal of China Companies listed in Bursa?
Thank you

Posted by Sslee > 2017-06-01 22:25 | Report Abuse

Irresponsible and greedy Investment Banker/Underwrite?
Toothless Bursa/SC?
Crooked China business man?
Clueless investment public?

Posted by Sslee > 2017-06-01 22:25 | Report Abuse

Note: The current bank balance audit only required a confirmation with the branch where the account is kept is grossly inadequate as that confirmation can be fraud if you bribe the branch manager to do your bidding
Thank you

Posted by CharlesT > 2017-06-02 08:38 | Report Abuse

Koon's grandchildren will cry until no tears...Oldman should enrol for CPTeh's cohort 23 to learn how to cut loss long time ago...

Posted by cpng > 2017-06-02 08:51 | Report Abuse

+1

Posted by dealdone > 2017-06-02 09:04 | Report Abuse

koon still holding ?

Posted by Adtek Lim > 2017-06-02 09:19 | Report Abuse

This company is a joke

Posted by Junx Leow > 2017-06-02 09:24 | Report Abuse

haiz .... no eye to see

Posted by DragonBall2017 > 2017-06-02 09:36 | Report Abuse

Not long ago, I believe KYY and enter at 21 cents, exit at 12 cents.....

My brother at China try to find it's outlet addressed from it's report and no such shop....

It's a stupid school fee I paid by trusting KYY.... auditor report cannot be fake.... think again...

Posted by jack2 > 2017-06-02 09:39 | Report Abuse

the china shareholders said better delist
money already in pocket

Posted by jack2 > 2017-06-02 09:42 | Report Abuse

Xinguan is better than JJPTR
no dividend, only false hopes
long suffering

Posted by rogers123 > 2017-06-02 09:50 | Report Abuse

Die liaw Xinquan, Ah koon gor share

Posted by jack2 > 2017-06-02 09:52 | Report Abuse

delisting in few more months
no more pain & false hopes

Posted by kelvin12 > 2017-06-02 09:53 | Report Abuse

Fraud. U put 1 dollar u losr 1 dollar.

Posted by mamatede > 2017-06-02 09:55 | Report Abuse

Once upon a time kyy hold and promote this stocks like crazy. see where it go ?

Posted by Kim Yeoh > 2017-06-02 10:05 | Report Abuse

都说了中国股就像中国妹！来这里是骗财的！！！！

Posted by DragonBall2017 > 2017-06-02 10:27 | Report Abuse

At the time my brother told me KYY is not a fool for in the market for so long.... apparently he is being fool...

Posted by adamsmith > 2017-06-02 10:45 | Report Abuse

kyy.....

My reasons for buying Xingquan are as follows:

CIMB were the under writers for Xingquan IPO at Rm 1.80 per share about 6 years ago.
Xingquan has been making profit every year since it was first listed and its share price has been falling ever since. These 2 sentences do not make any logical sense.
In the latest annual report 2015, you can see that its net tangible asset is Rm 3.42 with about Rm 3.00 cash per share. Its EPS is 42 sen in financial year ending June 2015 and it is selling at about 60 sen, P/E less than 2.
Most of the investors do not believe the audited accounts is true because the company gave out very little dividend.
I believe the audited accounts because one of the founders of S J Grant Thornton is my cousin.
Xingquan is listed in Malaysia and I believe our Securities Commission can protect shareholders interest.
I also believe the legal system in China and the controlling shareholder of Xingquan cannot cheat the minority shareholders.
Many shareholders are tired of holding the shares because it gives out very little dividend and they sold to cut loss. That is why the price has been coming down ever since it was listed.
I visited Xingquan in Xiamen a few times and I know that it has utilized all the money it received from IPO to expand its existing factory and constructed hostels to accommodate 3000 workers.
Xingquan has reduced its shoes and shoe sole business because of competition. It is now selling high class casual wears under the brand name of “Gertop”. It is not giving out dividend because it needs all the cash to open up new outlets. It has open about 110 outlets in all the larger cities in China. Xingquan has to pay cash for all their purchases.
In Guru Benjamin Graham’s book “The Intelligent Investor” all the company assets cannot disappear in thin air. Eventually the controlling shareholder will want some cash out of the company by giving out dividend.
Although I am nearly 83 years old, I can wait patiently. When I die my Charity foundation can wait patiently. I think the risk in buying Xingquan is small.
I am not asking you to buy. If you buy, you are doing it at your own risk

Posted by adamsmith > 2017-06-02 10:46 | Report Abuse

am not asking you to buy. If you buy, you are doing it at your own risk

Posted by Junx Leow > 2017-06-02 10:50 | Report Abuse

if u wan to buy then buy lor, if u wan to throw then throw lor, but pls make sure QR can be come out first.

Posted by timetokoon2 > 2017-06-02 11:10 | Report Abuse

Quoted from my master KYY "I am not asking you to buy Xinquan, i am asking you to die"

Posted by jack2 > 2017-06-02 11:23 | Report Abuse

nta over 3.0, takeover at 10cts
fuyoh, JJPTR

Posted by bjgdila123 > 2017-06-02 11:26 | Report Abuse

ini kaunter ramai org pening, lagi baca lagi [ panas ]

Posted by DamienCYH > 2017-06-02 11:55 | Report Abuse

You believe KYY in 1%, you may die...

Posted by smartly > 2017-06-02 12:19 | Report Abuse

conman company....sad.

Posted by voon1900 > 2017-06-02 13:54 | Report Abuse

drop by to smell people burning hand...must be thousand of the hands..some even cut theirs...hardlesson.

Posted by sengkee > 2017-06-02 13:57 | Report Abuse

Why want to bully retailers like this? Enough already lah. Lepas tangan

Posted by voon1900 > 2017-06-02 14:11 | Report Abuse

easily become substantial shareholders...lol

Posted by nklye > 2017-06-02 14:20 | Report Abuse

Kihkihkih....
Which sharks or ALongs don't 'slaughter' what they suppose to do.
Humanity and humality is not in their dictionary... and many over here too never think that's a trait to be taken as succesful...

Posted by jack2 > 2017-06-02 14:21 | Report Abuse

at end of the story
everyone cheated by the bigger conmen, the chinamen

Posted by rogers123 > 2017-06-02 14:24 | Report Abuse

Where is kyy. Plz buy all our share n take over the company. The company has alit of cashflow

Posted by rogers123 > 2017-06-02 14:29 | Report Abuse

Y no one complaint? Y kyy told us so good, but he didnt buy up this company? Y he didnt vote out the directors during agm

Posted by rogers123 > 2017-06-02 14:30 | Report Abuse

Where is kyy now?

Posted by rogers123 > 2017-06-02 14:30 | Report Abuse

Our mentor

Posted by nklye > 2017-06-02 14:34 | Report Abuse

Remember CAP few years back. Someone has recommended to buy as what someone has posted above of what 'kyy' has given his reasons to buy this counter. This week you are seeing what's happened to the counter... imagine trading at 0.01 and many still want to throw away...
I got burnt too with its warrants last year.
Most counters from China seem to have the same pattern in their management activities where good reports are written about profit etc... but funny things their shares price went downward, not corelate to the good profit reports which were written.... e.g beside CAP, csl, msport etc... just search it from the many counters still exist in KLSE...

Posted by DragonBall2017 > 2017-06-02 15:10 | Report Abuse

Have anyone bought the high end "Gertop" before? I never saw any

Posted by rockycleft > 2017-06-02 21:46 | Report Abuse

The shit bag finally break

Posted by jack2 > 2017-06-03 09:37 | Report Abuse

no chance to handover the shares to yr grandchildren
the china master sharks cant burn the factories that they dont owned (all rent for drama show)
the cash load in balance sheet are mostly hell notes
to ease minority pain, delisting comin...

Posted by CUTLOSS > 2017-06-03 11:25 | Report Abuse

Who cut loss actually? No 1 shareholder and KYY never sell. So IBs' behind? Which 1 ? RHB? Kenanga? Affin?

Posted by CUTLOSS > 2017-06-03 11:26 | Report Abuse

Is it i3 forumers who comments here cutloss? If don't have Xinquan why come here?

Posted by CUTLOSS > 2017-06-03 11:28 | Report Abuse

Why bank mergers eg RHB-AMMB needed? Must cut manpowers who cutloss in Xinquan, etc?

Posted by DragonBall2017 > 2017-06-05 09:16 | Report Abuse

For the sake of trusting KYY, I decided to queue Xinquan at 1 cent

Posted by DragonBall2017 > 2017-06-05 09:22 | Report Abuse

Sorry KYY, can't help, my account barred me from buying Xinquan

Posted by rockycleft > 2017-06-05 10:01 | Report Abuse

Classic example of boh chow cccccccc qqqqqq

Posted by Junx Leow > 2017-06-05 10:38 | Report Abuse

2 more day to suspend !!!! hope QR can come out before Suspended data.

Posted by jack2 > 2017-06-05 10:55 | Report Abuse

surely QR wont come out
that the purpose to delist ma

Posted by Junx Leow > 2017-06-05 10:57 | Report Abuse

Wait for suspend then, then de-listing !!!

Posted by RMSB > 2017-06-05 11:01 | Report Abuse

If delist burn la

Posted by Junx Leow > 2017-06-05 11:08 | Report Abuse

cut lost then !!!! just a money ..... can earn back !!!