Company price sell down by speculator, now the company market value only worth 180 million only..... why director and substantial shareholder no take action?
I think company prospect is gone already... a lot of litigation case... especially related to "money"....haven't on time paid outstanding loan it will cause investor bad image looking for china company
XDL group holding a lot of CASH in hand, how come the subsidiary company no money to paid bank loan on time...until bank take action from high court just make full payment.... hock kian Chinese say "臭脚”...very disappointed to China man attitude...
subsidiary company not no money to paid, the case is not subsidiary company borrow money, is DASHEN GARMENTS borrow with bank, subsidiary company & CEO Mr Ding be guarantor.Idunno why guarantor this DASHEN GARMENT !!! Personal guarantor is Mr Ding own business, but how come he can use subsidiary company to guarantor !!!
Be careful when buying into china based companies listed in bursa. Valuation always looks nice but sometimes u wonder y they even want to list here in malaysia instead of china or hong kong. Most people say because bursa is more relax in regulating them (no power to do anything. Most promoters live in mainland). Audit also hard to do. This company's auditor is BDO in malaysia. Company ops in china. Sometimes cannot do verification, just accept what management say. Especially when it comes to verifying cash balance. Cash super high, but never pay dividend. Not sure real or not.
I think most of the promoters start dumping their shares post ipo. The edge did a report on this last year. Try google it. Seems like bursa is just a place for them to dispose their shares to other investors without getting into too much legal problem.
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....
fl888
7,753 posts
Posted by fl888 > 2019-01-18 09:40 | Report Abuse
Exercise price for WD is 18cts so Mother should play up for CNY...