Koon's persistence of investing in this counter from Rm1.50 (from 2011 to Rm0.03 (last trading day before suspended few months ago) and could be suffering a total loss of RM30M to RM40M should be made a classical case study to all of us.
I took the opportunity to express my view. I said that 12 of the 30 largest shareholders as shown in the annual report, were members of my family. We still owned about 30 million shares. This was my worst share investment in my life but I still have some hope in Xingquan.
I am obliged to tell you that my family members own about 30 million Xingquan shares and I am not asking to buy it and if you buy you are doing it at your own risk.
FYI. price was ard RM0.90 to RM1.00 during Feb 2014.
no auditors will dare to certify......if not seen bank accounts......not seen properties titles....very very fishy......if go burst....auditors kena penalty. Have to look for closed eye auditors.
mashallah!!!! tak selesai lagi kes ini ke? tak bawa ke muka pengadilan ke? hakim dan pendawaraya kat malaysia tak cakap apa-apa ke? pihak bursa securities tak ada bagi memo kat media ke? habis cerita, apa dah jadi kat saham xinquan? tak ada berita langsung? maksudnya "under the table" lah.....duit kopi bagi tutup kes???....tak bolehlah...kita tunggu berita hampir setengah tahun.... siap-siap nampaknya macam nak gulung tikarlah namanya.....
Apa boleh buat...Auditors takut nak audit lah, bro..
Posted by malaysiakuku > Nov 20, 2017 03:00 PM | Report Abuse
mashallah!!!! tak selesai lagi kes ini ke? tak bawa ke muka pengadilan ke? hakim dan pendawaraya kat malaysia tak cakap apa-apa ke? pihak bursa securities tak ada bagi memo kat media ke? habis cerita, apa dah jadi kat saham xinquan? tak ada berita langsung? maksudnya "under the table" lah.....duit kopi bagi tutup kes???....tak bolehlah...kita tunggu berita hampir setengah tahun.... siap-siap nampaknya macam nak gulung tikarlah namanya.....
Auditor takut nak audit... Bursa malaysia diam diam macam kucing...Bursa securities pula takut nak ambil tindakan tegas...apa dah jadi dengan undang-undang dan peraturan penyenaraian saham kat malaysia ini? Dah lebih 6 bulan kaunter ini dibekukan ......Bursa securities cakap bukan main besar...."tak hantar penyata kewangan dalam tempoh 6 bulan, maka delisted dari bursa saham" apa dah jadi sekarang???... mungkin sebab koon yew yin pemegang saham xinquan, jadi semuanya tunduk macam lembu dicucuk hidungnya....nak delisted atau relisted??? atau nak tunggu selepas PRU14......
"suspended until further notice" according to bursa malaysia securities......memang hebat betul alasan dari malaysia bursa securities....xinquan tak mahu bagi laporan penyata kewangan, tapi suspension masih boleh dilanjutkan lagi!!!!.... tak tahu apa nak cakap....kat malaysia semuanya boleh.....aku ingat suspension lepas 6 month, delisted lah......tapi ini tak pakai undang-undang...memang hebat kalau berurus niaga kat malaysia... china punya company pijak kita kepala.....bursa malaysia securities cakap tak apa. "Boleh dilanjutkan lagi until further notice".
Dont wori lah..later will be relisting lah..simple issue only..hello Jack Ma tolong take over this company..related to Ali Baba for SEA hub...A big dreamer..hihii
lingkup dah xinquan....tak ada nafas....biarkan mati begitu saja....malaysia bursa securities tutup sebelah mata....apalah sistem perundangan kat bursa saham malaysia ini? kalau kat singapura, dah lama kena saman dan kena tendang dari bursa saham.....tak sedih ke??? nak keluar tak boleh, nak masuk pun tak boleh....urusniaga terbengkalai begitu sahaja.....
China companies Xingquan and China Stationery to be delisted on Aug 16 KUALA LUMPUR (Aug 5): Xingquan International Sports Holdings Ltd, which just marked its 10th year on Bursa Malaysia last month, is going to be delisted in less than two weeks, together with China Stationery Ltd. The two China-based companies is facing regulatory action after continuously failing to issue their annual reports and audited financial statements, months after the stipulated timeframe specified under the listing requirements. Both companies are now going to be delisted on Aug 16, unless they submit an appeal to Bursa Securities by Aug 13, according to the companies' separate stock exchange filings today. Upon delisting, the companies will continue to exist but as an unlisted entity, the market regulator noted, adding they will still be able to continue their operations and businesses and/or proceed with their corporate restructuring, and that their shareholders can still be rewarded by the companies’ performance. “However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities,” it wrote. China Stationery has failed to issue its quarterly reports for the financial period ended Sept 30, 2017 until Sept 30, 2018, and its annual report for the 18 months ended June 30, 2018, for over six months from the stipulated timeframe until now. Xingquan, on the other hand, has failed to issue its quarterly reports for its financial period ended March 31, 2017 until Sept 30, 2018; and its annual report for its financial year ended June 30, 2018, again over six months after the stipulated timeframe until now. Trading of China Stationery shares has been suspended since Dec 5, 2017, while that of Xingquan's has been suspended since June 8, 2017.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2948 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
CharlesT
14,660 posts
Posted by CharlesT > 2017-11-07 15:23 | Report Abuse
Koon's persistence of investing in this counter from Rm1.50 (from 2011 to Rm0.03 (last trading day before suspended few months ago) and could be suffering a total loss of RM30M to RM40M should be made a classical case study to all of us.