Based on your suspicion and deduction that why no IBs or private equities players making a move on privatising or even makan up Xinquan is akin to a view of a frog under a big well
This is simply because there are just too many such Chinese targets for those big IBs or private equities funds to take over. I mean come on, ask yourself why would an IB or private equities fund come to Malaysia to take private Xinquan while there are so many such international deals around?
You know that your country still practise monetary exchange control since 1997.....and Ringgit is not tradable outside Malaysia, not even on my Singapore land
I am not promoting Xinquan, neither am I trying to degrade your country. I am merely stating the harsh and cruel reality on the predicament of your macro economy in the eyes of a foreigner like me
Posted by saltedfish > Sep 15, 2014 09:09 PM | Report Abuse Cariyoyo, a very good write up on the interesting real incidents by KYY, Sabah investor (that must be Ricky Koh, a very3 low profile tycoon), as well as Ooi Guan Hoe.
Further to saltedfish's comment on one of the main investors in Xinquan, that Ricky Koh, CORRECTION : he should be Richard Koh Kin Lip of Rickoh Corporation Sdn Bhd.
Richard Koh is also one of the largest shareholders in Xinquan with a disclosed 7,729,300 shares. And Madam Lai also owned another 2,228,000 shares in Xinquan!
A low profile tycoon of such astute must have his secret formula, so much so that all of you don't even heard or knew of his name but yet owned a $278m investment in IOICORP alone !
The big question is : why and what do they see in Xinquan that all the rest of us are so so negative? It is this foresight or investment acumen of them that set us apart.
Cariyoyo once said that Richard Koh went all the way to China to find out from his connections what really is Xinquan made off. And he came back more confident and started building a large position in Xinquan !
We may not be privileged to know the full rationale of his decision to invest in Xinquan but I TRUST his business acumen to follow him to BUY Xinquan tomorrow
One of its director is throwing out his shares in the market on a daily basis. Looks like he is diluting his holdings in Xingquan. This would explain as to why the steady volumes the past weeks. Question is who is mopping up his shares?
He ended up becoming a substantial shareholders in Xinquan (thereby required in law to disclose changes in shareholding) was through the Private Placement exercise undertaken in first half of the year
Fundamental of Xinquan has not changed dramatically. What a wonderful opportunity to buy Xinquan on the cheap, now that a "moron" (i.e. Xie Zhidong) was forced to sell because of his own personal problem
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Posted by rc15 > 2014-09-17 08:58 | Report Abuse
http://finance.yahoo.com/news/company-ceo-coo-disappeared-most-175013000.html