As the counter's base is so small after deducting the owner's 50% plus and some holders who trapped at RM1. Hence, this is a very ideal stock for the SHARK to manipulate!!
he above Company has failed to submit its 3rd Quarterly Report for financial period ended 31 March 2017 ("3rd QR") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe i.e. 31 May 2017 pursuant to Paragraph 9.22(1) of Bursa Securities' Main Market Listing Requirements ("LR"). Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes as stated in Paragraph 9.22(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline. In view of the above and in the event that XINQUAN is unable to submit the outstanding 3rd QR on or before 7 June 2017, the trading in the above Company's securities will be suspended with effect from 9.00 am, Thursday, 8 June 2017 until further notice. Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take; de-listing procedures shall be commenced against such listed issuer. VP, Issuers You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Xin Quan will be suspended tomorrow, and I don't think it will ever see day light again.
makes sense if I am the Chinaman....take the company away from the public eye and do what he wants.
he has already milked /con what he can milk / con including IPO , rights issue....mission accomplished as far as China man is concerned....another success story for Chinaman to tell his children.
He knew the answer after he attended the 2015 AGM. But he do not believe (like me believe Msports before) his eye even after questioning the BOD in the 2015 AGM were liars. See my next post regarding KKY;s walkout during 2015's AGM.
Someone keeps the extension letter now and will be announced off market. That's why insider is buying up more shares. Tomorrow it will fly further if this is the scenario.
Because KKY is so rich, he is OK throwing his last straw agst Xingquan. He is heading to sue the whole BOD and BOM in Xingquan, after this , like what Param Singh Gill did for Msports - until now - No news. (Since 28Sep2016's EGM).
ChanKengChungKuantan KYY was so bullish with his yesterday's night article "Why am I buying Xingquan". But his action at the AGM suggests otherwise. Truly a photo speaks a thousand word.
Think 3 times before you next trust ANYBODY. KYY included. 31/12/2015 18:01
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lizi
1,968 posts
Posted by lizi > 2017-06-07 09:46 | Report Abuse
so what is uncle exit plan on this?