Posted by CharlesT > 2017-06-11 15:31 | Report Abuse

Posted by stockmanmy > Jun 11, 2017 03:23 PM | Report Abuse

the cash is real enough.....but as far as Chinaman is concerned, what is his is his, what is Xin Quan is also his.

Dont tell me u are his auditor cousin who witnessed the cash in bank ac, China

Posted by Apollo Ang > 2017-06-11 15:33 | Report Abuse

who wanna vote for pakatan must boycott investing in bursa until pakatan win the next GE. buying in bursa now is supporting BN.profit a bit sell,lost one hold on for BN....hahaha

Posted by michael_jackson > 2017-06-12 01:59 | Report Abuse

this counter will be suspended until further notice.....

Posted by stockmanmy > 2017-06-12 09:27 | Report Abuse

charles

is auditor expected to read the minds of everyone?

Posted by CharlesT > 2017-06-12 09:31 | Report Abuse

U claimed the cash is real so i thought u were the auditor who saw n verified the cash....

In this case Ali Ah Kau Muthusamy also can read the mind of Chinaman but not auditor n Superinvestor...

Looks like their biz sense is better...

Posted by Up_down > 2017-06-12 09:37 | Report Abuse

Their external auditor tak boleh pakai one..They just wanted to earn audit fees. Big 4 cock sure dare not take the challenge to become XQ auditor. lol.

Bank balance verification.... just a piece of paper and it's so easy to fabricate in China. This kind of common business sense also not equipped... how to survive in stock market.

Posted by stockmanmy > 2017-06-12 09:38 | Report Abuse

charles

A data scientist in his 20s explains the secret to Warren Buffett’s optimism..............

the same optimism that explains KYY success.

Posted by stockmanmy > 2017-06-12 09:40 | Report Abuse

http://www.cnbc.com/2017/06/01/data-scientist-explains-the-secret-to-warren-buffetts-optimism.html

Posted by CharlesT > 2017-06-12 09:41 | Report Abuse

Posted by stockmanmy > Jun 12, 2017 09:38 AM | Report Abuse

charles

A data scientist in his 20s explains the secret to Warren Buffett’s optimism..............

the same optimism that explains KYY success.

Total loss in Xinquan?????

Posted by stockmanmy > 2017-06-12 09:44 | Report Abuse

charles.....its the net net that counts....not afraid of individual mistakes.

Posted by CharlesT > 2017-06-12 09:45 | Report Abuse

Without OTB oldman can go no way...

Example JAKS.....hardly to exit...cannot sleep everyday..have to post many many articles in I3 to promote....pity

Posted by stockraider > 2017-06-12 09:47 | Report Abuse

An Indication of no business & financial sense, should have cut loss longtime ago loh...!!

Posted by stockmanmy > 2017-06-12 09:48 | Report Abuse

charles

I got news that Jaks $2 is sooner rather than later.

Posted by CharlesT > 2017-06-12 09:50 | Report Abuse

Posted by stockmanmy > Jun 12, 2017 09:48 AM | Report Abuse

charles

I got news that Jaks $2 is sooner rather than later.

Mudajaya oredi up 50% since Apr...no need insider news

U also didnt believe him when he gave u insider news to buy Xinquan at RM0.03 lah

Posted by Up_down > 2017-06-12 09:50 | Report Abuse

Charles Bro, old man seems trying to sway from living behind OTB shadow...He doesn't need more money but he is deeply craving recognition to satisfy his high egoism. lol

Posted by CharlesT > 2017-06-12 17:37 | Report Abuse

http://klse.i3investor.com/servlets/cube/post/cariyoyo.jsp

This guy (cariyoyo) knew KYY's history quite well....

Sep 6, 2016 09:42 AM | Report Abuse

Write a comment..Xingquan is another counter which Mr. Koon Yew Yin recklessly suggested to the investing public. Koon Yew Yin invested heavily into Pahang Consolidated many years ago and lost as much as he lost in Xingquan. He gave away all the certificates (Pahang Consolidated) to those who attended his party in 1990, if I can remember correctly. I sincerely believe that Mr. Koon got carried away with Xingquan's "account" which was then worth RM3.60, selling for RM1.60 in 2011.

Many have lost money in Xingquan by just listening to Koon Yew Yin. I know many who lost several hundred thousands just on this counter.

Always remember that the Chinese businessperson do not care two hoods whether you have lost millions as they are interested for their well-being only. They should be jailed or suffer the same fate as those officials in North Korea.

Xingquan is a cheat and we have all been conned by them. Malaysians are no match to these Chinese cheaters.

Posted by CharlesT > 2017-06-12 17:37 | Report Abuse

May 24, 2016 10:28 AM | Report Abuse

Well, we have to reconcile with the fact that KYY kept promoting several counters in his after buying them. For example, Xingquan, R. Sawit, Ta Ann, Evergreen, Focus Lumber, VS, Canone, LiHen and the list goes on. Many would tend to follow simply because they felt that KYY is rich and made his millions through stocks. This is a remark of his own. Many would tend to follow him simply because he confessed that the millions he made from stocks are given to charity and sponsorships. But these fans are changing to be his haters. These fans lost money in those stocks mentioned. Xingquan for example has went down from RM1.60 to RM0.28. What if you have invested RM10,000 of your RM20,000 savings in Xingquan? What about R. Sawit? But I have confident in Canone as the numbers are churning out to be good. Having said that, Xingquan churns out the good number too.

Posted by CharlesT > 2017-06-12 17:40 | Report Abuse

Dec 4, 2014 11:26 AM | Report Abuse

My view on Xingquan is they are unable to churn out dividend and no confidence among Malaysian investors on its accounts. Investors are in the market to make money or to earn dividends. Xingquan and other Chinese counters listed in Malaysia produced excellent EPS which initially attracted Malaysian investors to invest as they thought the companies are doing very well. But, we all know by now that none of them been able to deliver the dividends and prices tumbled as a result. Worse still when we have one or two that gone into PN17. However, for the case of Xingquan, I know that KYY and a few big time investors went to visit the factory for as many as 5 times. Nigel Foo of CIMB was along with them in one or two of such visits.

They were convinced with the state of affairs in the factory. Mr. Koon was extremely convinced as the auditor Foo, Kon and Thornton was his cousin. Hence the heavy investments. But am sure he regretted now. But I think he is holding his shares as his average price should be above RM1.

I know of a investor who averaged out at RM0.65 as his investment was at RM1.15. He still lost money. I find it amusing that all Chinese stocks went down when KLCI went up 1,000 points from 2010. Imagine a stock that goes down during boom period? Something must be very wrong. Either no one is investing in the counter or is self made by its owner. Fellatarjonga commented that some owners were officials in Fujian and they are controlling the real owners. This could be possibly true as well.

687423 mentioned that these big time investors are now securely hooked. Yes, they are indeed hooked and got no choice but to sit and wait. For those who has some money to invest, is best to look somewhere else as no point looking at Xingquan which has some many unanswered questions.

I think Xingquan and other Chinese stocks will rise only when investors in Malaysia are confident to put their money on them. And it is entirely up to the owners to convince Malaysian investors by start churning out dividends. I hear that Xingquan is considering a smallish dividend which could put this counter back to RM0.60 if it turns out to be true. So, who dares to take the bet? It is not as simple as roll out the dice and try your luck.

Posted by CharlesT > 2017-06-12 17:43 | Report Abuse

Oct 29, 2014 10:27 AM | Report Abuse

The mystery of who is buying and selling of this counter when its Annual Report out this November 24th. We will then know how many shares KYY and his family are holding on compare to last year's report. KYY is holding through Kit Peng, Kit Yew, Sze Yan, Yap Sung Pang, Robert Snashall and himself. A friend of mine revealed that many tired holders had been selling off the last 3 months. They just dumped as they have lost money anyway. This explains as to why the continual drop on its share price. The situation was further exacerbated by Xie who continued selling below his purchase price. But my friend did not say that KYY was selling.

The other point that one should take note is whether Lai Poh Lin, Bank of New York Mellon, Rickoh Holdings continue holding their stakes. Good news would be if they in fact increased their stakes. But I doubt this as Ooi Guan Hoe with direct information on Xingquan increased his stake from a paltry 25,000 to 90,000 shares. He paid RM63,500 for increasing his stake. This is quite appalling as it reflects how confident is he on Xingquan. KYY was pissed off with him.

We are playing old broken record on Xingquan as no one is interested in this counter. We have to reconcile with this fact. KYY had announced to everyone that Xingquan was his worst investment in his life, even worst than Pahang Consolidated. There was a dinner hosted by KYY in the 90s where he distributed free share certs of Pahang Consolidated to his guests.

Posted by CharlesT > 2017-06-12 17:44 | Report Abuse

Oct 1, 2014 12:24 PM | Report Abuse

I noticed that the thread on Xingquan attracted a few dedicated commentators recently. I was reading felltarjonga's comment on the 5% mandatory announcement by Bursa Malaysia. Fellatarjonga is right that shareholders like KYY can be selling all his shares without having to inform Bursa. I remember that KYY holds his shares through himself, Kon Cze Yan (his daughter who is a medical doctor previously working in England), Yap Sung Pang, Tan Kit Pheng (KYY's wife) and Tan Kit Yew (Kit Peng's younger sister). The spread among the five of them are viz:-

KYY 4.57%
YSP 2.50%
KCY 1.30%
TKP 1.30%
TKY 0.49%
Total 10.16%

KYY placed his holdings just under 5% because he doesn't want to go through the hassle of informing Bursa as and when he buys or sells. This was what he told his remisier who is also his nephew.

But personally I do no think he has sold any of his Xingquan shares. His average price is above RM1.30. Surely he is not Xie Zhidong. There is only three holders who are above 5% mark i.e. Xingquan's owner, New York Mellon and Xie. We know Xie is selling but who are the buyers???

What fellartajonga commented on China's business modus operandi is generally true but not necessarily be applied by Xingquan.

To be honest, I have no idea what is going on with Xingquan now. But if they persist not paying dividend then you do not need to hazard any more guesses because the money is simply not there.

Posted by CharlesT > 2017-06-12 17:44 | Report Abuse

Sep 15, 2014 04:18 PM | Report Abuse

Mr. Koon is a savvy investor. He made millions when he picked up Supermax at an average price of RM1 and sold them at RM7 in 2011. Most of his winnings in Supermax were invested into Xingquan at an average price of RM1.30 but the highest price he paid for Xingquan was around RM1.60. I remember talking to him whether or not to sell Xingquan when it was trading at RM1.90 and he told me that more goodies will soon be coming and would be silly to sell. Thereafter Xingquan went falling like a stone. He added more Xingquan when it was RM1.40 something.

Today, he is still holding all the 30 million shares under his wife, children and his names. He wants to see what will happen to Xingquan. I remember he scolded Ooi Guan Hoe, a director in Xingquan as Ooi told him to buy Nestle if he is looking for dividends as Xingquan will conserve its cash for expansions. An analyst Nigel Foo was CIMB went with several savvy investors from Malaysia to visit the manufacturing facility in China. The entourage included KYY and they were all very happy with Xingquan's state of affair. I know of an investor from Sabah who conducted his own investigations on Xingquan which included talking to bankers in China, governors, government officials and workers working in Xingquan. The investor told me that he was satisfied with his investigations and decided to invest into Xingquan. He is still a major shareholder of Xingquan.

Both examples cited would give investors a little bit of confidence on Xingquan. However, I must remind all and sundry that if Xingquan is such a good stock then why his director, Ooi Guan Hoe is holding 35,000 shares only. At least he added 10,000 shares from the misearable 25,000 shares before. Maybe he took my advise that if you want investors to buy your share at least buy more for yourself. Otherwise who do you expect to convince. Nonetheless, Guan Hoe is a nice chap graduated from Harvard.

Posted by CharlesT > 2017-06-12 17:45 | Report Abuse

Jul 14, 2014 11:25 AM | Report Abuse

Dear arv18,

You have raised and pointed out a few right pointers and issues on Mr. Koon's investment foray into Xingquan. If memory serves me correctly, Mr. Koon bought into Xingquan when the counter was barely 6 or 8 months being listed in Bursa. Checking out the numbers would have then entrusted to investment bankers. I have seen dozens of investment bankers flying to China on several trips to check on Xingquan, particularly its then about to commence new manufacturing facility. The facility was there and workers were seen working on shoe soles and what not. In fact, there were hostels built up for them. I personally know an investor from Sabah who checked on the workers at night and asked them about the company. He did all this on his own volition so as to be doubly sure. He is still holding his shares in Xingquan and the last I met him just a month ago, he, like Mr. Koon, still hanging on. Similarly, I felt Mr. Koon must have done his homework on Xingquan. I can't speak for him but I am sure as RM60 million or more was involved in that decision.

I am not supporting Xingquan but it is only fair to see what this counter will be going forward. At this point, it is a dud and most likely will be as Xingquan unable to dole out dividends. Dividends is one of the vital ingredients for upward share price movement. It is foolish to believe that the money is in the coffer when they can't even pay out 5 sen dividend. Another point which I could not come to point was that Ooi Guan Hoe, a director in XQ owns 35,000 shares only. If it is a winner, I don't understand why Guan Hoe isn't piling up his holdings.

Is a big question mark which I want to ask him myself.

Posted by CharlesT > 2017-06-12 17:45 | Report Abuse

Jul 14, 2014 09:54 AM | Report Abuse

Let us be fair here. Mr. Koon must have invested not less than RM60,000,000 on Xingquan. He has not sold any of them but given them away to his children and grandchildren. RM60 million isn't a small sum and to many of us, a kind of money that you probably never be able to earn in this lifetime. And Mr. Koon had placed the amount in Xingquan. Do you possibly think he wasn't sure before invested into it. Maybe he thought Xingquan is going to be a winner but it turned out to be a dud!

Posted by CharlesT > 2017-06-12 17:46 | Report Abuse

Feb 6, 2014 02:56 PM | Report Abuse

I have not invested into J. Tiasa as a few of my friends lost money after listening to Koon. They lost money in buying R. Sawit, Xingquan, Evergreen and XDL. Koon was holding a bit of XDL too. In fact, Stanley Thai confided to the Edge that Supermax price went down after giving out bonus issue. Koon was strongly suggesting to Stanley to give out bonus issue and as a result of that the price went up.

If you want to make money, do look out for Maybulk, Coastal Contracts, IJM Land and P&O. Hold these shares if you have one year spare money to invest. Let me know how are you January 2015.

But if you choose to buy J. Tiasa, is all up to you as I am not liable to your investment decision (to borrow a caption made famous by Koon).

Posted by CharlesT > 2017-06-12 17:47 | Report Abuse

Feb 6, 2014 02:50 PM | Report Abuse

Dear Gen2 / dlsh2,

Mr. Koon has bequeathed all his Xingquan to his grandchildren as commented by him several weeks ago as he could not wait so long for the counter to recover. I have also bought Xingquan after attending his talk in Syuen hotel, Ipoh. At that time, Xingquan was going for RM1.60. It went down like a stone after that. The director, Ooi Guan Hoe was a former colleague of mine. He is holding 30,000 Xingquan shares. The question is if Xingquan is such a gem then why Guan Hoe is holding 30,000 shares? You might be able to answer this question without referring to Mr. Koon.

Posted by CharlesT > 2017-06-12 17:48 | Report Abuse

Nov 8, 2013 03:19 PM | Report Abuse

I have invested into xingquan, rimbunan sawit and evergreen in the past. All these stocks were suggested by Mr. Koon when he gave a seminar in Syuen, Ipoh some two years ago. I went all the way from my hometown when a friend of mine informed me that "Warren Buffet" of Malaysia was giving a seminar for free, with dinner thrown in. Imagine for those who had invested their savings into these counters? Xingquan was RM1.60, Rimbunan was RM1.00 and Evergreen was RM1.60 respectively at the time he was giving the talk. But to be fair, Mr. Koon invested into these stocks himself. The only difference was that he won't tell you when he or groups friendly to him will be exiting from the counters suggested. For simplicity, imagine if Mr. Koon and groups friendly to him had invested 30 million Jaya Tiasa at RM1.75 some months ago and they will sell two weeks after giving the seminar to those attended? They will be making a cool RM23 million while you guys go after the counter.

Hold dear to this adage- "Nothing comes as a free lunch"! and don't get fooled by instituitional investors as they don't owe you a living. Imagine George Soros telling you to buy "A" as he is now 85 year old. You think he wants to make you rich or make himself richer?

Posted by Apollo Ang > 2017-06-12 17:48 | Report Abuse

mr koon didn't sell then who sell? sure insider people or top shareholders sell otherwise it won't go down to this level

Posted by CharlesT > 2017-06-12 17:59 | Report Abuse

Finally after going thru Cariyoyo's posts I can now understand and agreed that Koon is a Superivestor (with X factor??)

I doubt if anyone else in the world will buy and continue to buy (and hold tight tight) a share from RM1.50+ from 2009 all the way down to RM0.03 in May 2017 till the shares suspended last week and likely to suffer a total loss (seems to be RM60M to RM70M+, much higher than my earlier estimate of RM40M+).

Yes, Mr.Koon,u are my Superinvestor.

U won.

Posted by CharlesT > 2017-06-12 18:04 | Report Abuse

1) Pahang Consolidated-total loss, delisted (never heard..1990an story?)
2) Xinquan-total loss, delisted?
3) ?????

Posted by CharlesT > 2017-06-12 20:07 | Report Abuse

Posted by kk123 > Jan 3, 2016 03:30 PM | Report Abuse

I suggest mr koon sell all his useless share in this company and donate the money to charity...
Since there is no dividend, and mgmt looks fake and lazy.. just dump it and move on for a better purpose eg charity..rather than charity to the fake setup..
Even if their shoes are legitimate, it can never compete with nike, reebok, puma, adidas and other brands
Xingquan shoe is a joke -logically it has no place in any segments haha

Posted by murali > Jan 4, 2016 12:59 PM | Report Abuse

Mr.Koon is a good man.

Unfortunately his ego is too high...he couldnt accept and acknowledge his weakness and mistake made...instead he try to drag on and on...he even tried to pass the mistake to others as he hates losing money (not really want to con yr BIG money lah).I think he felt pretty insulted of losing money.....But in shares investment, its either u make or u lose...it's part of the investing life...

Please cut loss n move on...dont let yr money gone totally..the Co can go burnt and delisted if all those are fake...its just a matter of time

There are a long list of them...such as Megan, Transmil (Robert also kena), Silverbird (or High 5 where Vincent kena), FTEC, Wintoni and many many more...


Posted by murali > Jan 4, 2016 01:02 PM | Report Abuse

Dont fall for their Rights Issues ...it will help them to stay longer in Bursa and may create more victims

Posted by murali > Jan 4, 2016 01:03 PM | Report Abuse

Posted by ktsk88 > Jan 4, 2016 01:01 PM | Report Abuse

KYY doesn't mind losing in Xinguan, i think he will just battered down the shares to the lowest and the Management will begin to notice his strong presence felt in the company shares in which will affect the company reputation or perhaps affected some of their collateral charged to the bank.

Do u really think this will happen? There is no way Mr.Koon can catch the China Boss...

Posted by CharlesT > 2017-06-12 20:09 | Report Abuse

Instead of listening to these good people's advice (with noble intention), the oldman called them stupid idiots and challenged them for their records in stock mkt

Now we all finally know who are the real stupid idiot....

Posted by stockmanmy > 2017-06-12 20:27 | Report Abuse

charles


since you never lost money before, it also suggest you never make money before.

Posted by CharlesT > 2017-06-12 20:38 | Report Abuse

Stockman, do u think JAKS will be his third waterloo?

Posted by Sslee > 2017-06-12 21:08 | Report Abuse

Dear all,
I can accept listed companies delist/burst due to business failure. But delist due to fraud and the business owners get away with it handsomely without anyone doing anything to press charges that unacceptable.
Mainland china business had undergo many drastic change from state owned to private owned, from backyard to modern factory, from copy cat to innovation from international conman to international businessman. Even the government had changed their attitude: from party to corruption to party trying hard to clean up corruption. And China Foreign policy from inward looking to outward looking with new found confident through their one road one belt development initiative and providing world leadership when America are withdrawing themselves to America first.
China securities market also had undergone a sea-change from market for conmen/speculators to market for investors the newly elected chairman had this to say;
www.thestar.com.my/business/business-news/2017/04/08/china-top-securities-regulator-vows-to-punish-iron-roosters-with-no-dividend-payout/
SHANGHAI: China's top securities regulator urged listed companies to reward investors with cash dividends, vowing to punish stingy "iron roosters."
Liu Shiyu, Chairman of the China Securities Regulatory Commission (CSRC) also warned listed firms against raising money for blind investments, or designing complicated share structures that facilitate insider trading and other malpractices.
"Paying cash dividends is a basic way to reward investors ... and the ultimate source of a stock's intrinsic value," Liu said in a recent speech, a transcript of which was posted on CSRC's website on Saturday.
CSRC will take "tough measures" against those "iron roosters" who haven't plucked a single feature for many years, even though they have the ability to pay dividends, Liu said.
Liu, installed as head of China's securities watchdog following the 2015 stock market crash, has made investor protection his priority, having stepped up a crackdown on market manipulation and tightened disclosure rules.
Rejecting the view that the share price of a growth company will rise even without cash dividends, Liu said a company's growth is far from certain, so buying a stock with no dividend would be merely a game of "passing flowers until the drum beat stops."
"Steady and stable cash dividend payout often signals healthy financial and operational conditions of a listed company," Liu said.
"On the contrary, if a company doesn't pay dividends with no proper reasons, it could be the signal of accounting fraud or mismanagement." - Reuters
I will surely meet up with bursa and SC to see what action we can take together.
Thank you.

Posted by limch > 2017-06-12 21:15 | Report Abuse

If follow Bursa ruling only above 5% shareholding sell must announce. If there is short seller no need to announce. You can see same pattern in CAP, Xinghe, Msports, Xinquan, etc who sell that make it drop so much.

Posted by Apollo Ang > Jun 12, 2017 05:48 PM | Report Abuse
mr koon didn't sell then who sell? sure insider people or top shareholders sell otherwise it won't go down to this level

Posted by Up_down > 2017-06-12 21:27 | Report Abuse

Charles Bro knows his XQ episodes very well..so much stories. He should have engaged a private investigator (PI) to check XQ factory before investing such a big amount. It doesn't cost a lot of money. Don't know whether he engage PI to check Jaks or not...you may need a PI in Vietnam to keep track the progress of the power plant construction closely... lolz

Posted by Up_down > 2017-06-12 21:33 | Report Abuse

I would say it's a very serious silly mistake without doing a thorough deligence.....relyin on business sense to punt big.... no nono.

Posted by CKCS > 2017-06-13 10:02 | Report Abuse

STILL THIS STOCKRAIDER COCK-TALKER DARE TO CONTINUE HIS SMALL COCK STORIES PREACHING? ALREADY LOSE 9 MILES IN EVERGREEN.

Posted by AyamGoreng > 2017-06-13 15:39 | Report Abuse

kikikiki.....why chinese & malaysian goverment, sc, bursa & other doing nothing?
letting these fujian syndicate stole the investors money? kikikiki.....

Posted by KL Boy > 2017-06-13 16:16 | Report Abuse

kikikiki.....why chinese & malaysian goverment, sc, bursa & other doing nothing?
letting these fujian syndicate stole the investors money? kikikiki.....EXACTLY....SO ANGRY WITH THE MSIAN AND THE CHINESE GOVT NOW.

Posted by miker > 2017-06-13 16:20 | Report Abuse

New way to rob investors handsomely

Posted by ks55 > 2017-06-13 22:40 | Report Abuse

CAP clearly cheats.
Trade receivable 291.7 million
Cash and bank balances 355 million
Current liabilities 62.5 million
Long term liability Nil

Why all the buildings (office, plants and hostel) all seized and went for auction for meagre 27.4 million?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5459437



Xinquan been the same.
Cash and bank balances are fake.
Won't be surprise all buildings do not exist altogether.
Photos all fake for the purpose of cheating.

Say bye-bye to your millions of ringgit put into Xinquan...........

Posted by AyamGoreng > 2017-06-14 11:55 | Report Abuse

kikikiki..... kilang2 masih ada kah?

Posted by Satkunabalan K Sabaratnam > 2017-06-16 14:58 | Report Abuse

let chinese authorities investigate and execute wrong doers including
malaysian directors and auditors

Posted by CKCS > 2017-06-20 09:13 | Report Abuse

stockraider lose until pokai in Evergreen. No one will believe the loser lol

Posted by steveooikp > 2017-06-21 16:31 | Report Abuse

why SC and bursa take no action?
they allow them to cheat the minority?

Posted by AyamGoreng > 2017-06-23 15:52 | Report Abuse

kikikiki..... ini kilang dari fujian jinjiang kah? tempat tu duduk paling manyat penipu la.....kikikiki

Posted by Lonewolfie > 2017-06-30 10:00 | Report Abuse

this company from fujian or bujian?

Posted by cpng > 2017-07-01 12:35 | Report Abuse

(吉隆坡30日讯）因财务总监一职仍悬空，星泉鞋材（XINQUAN，5155，主板消费产品股）未能依计划，下月中呈交季度财报。

该公司今日向交易所报备，由于还未在月内寻得合适的财务总监人选，因此无法在下月中或之前完成季度财报。

“我们正寻找合适人选来填补财务总监和独立董事的位置，希望可以尽快解决。”

星泉鞋材本月1日宣布无法准时提呈第三季财报，理由是财务总监在4月杪约满，及担任审计委员会主席的独立董事突然在5月29日辞职；该公司自8日起已暂停交易，若无法在月内呈交截至2017年3月杪的财报，将除牌下市。

Posted by cpng > 2017-07-01 12:38 | Report Abuse

CFO and the director in charge of audit commission still unavailable!

没有人敢做账，也没有人敢audit.