Was told he bought 2 units of the new model Mercedes Benz C250 to reward his dealers yesterday at NZ Wheels

Now that Hevea is at all time high of $2.00 and still charging upward, Wikileaks must be making a killing in Hevea, considering he first called for buying of Hevea at $0.85 !

Now that Hevea is at all time high of $2.00 and still charging upward, Wikileaks must be making a killing in Hevea, considering he first called for buying of Hevea at $0.85 !

Wikileaks and Gang, of course!

Who is buying these shares then?

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

Who care what is the reason he was selling at $0.60. All I know is he is selling at a big loss

At $1.30 a shares, Xie Zhidong is selling at prevailing market price of Xinquan at a BIG LOSS of nearly $0.70 a share !

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

That Xie Zhidong who disclosed selling off some shares is NOT a director of Xinquan!

You guys really never do homework when commenting, especially tasoke

Meticulous and good, Terence

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

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 !

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.

Pretty sure they must have much much more Xinquan shares under others' names !

I am very sure they work to accumulate shares very stealthily, which all of us even hear a whims of it !

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 !

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!

But alas, have you guys ever heard of his or her name in the market?

Combined, both Richard Koh and Madam Lai's investment alone is worth $278,059,500 !

At today's IOICORP closing price of $4.79, her stake alone is worth a cool $122,384,500

His wife, Lai Ming Chun@Lai Poh Lin is ranked No. 27 on IOICORP shareholders List :

27. CIMSEC Nominees (Tempatan) Sdn Bhd
CIMB for Lai Ming Chun @ Lai Poh Lin (PB)
25,550,000 shares

At today's IOICORP closing price of $4.79, this stake alone is worth a cool $155,675,000

He is ranked No. 25 in IOICORP's 30 largest shareholders (based on IOICORP Annual Report 2013) :

25. RHB Capital Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Rickoh Holdings Sdn Bhd
32,500,000 shares

Richard Koh is a personal friend of mine from Sabah. True, he is a low profile tycoon in KK

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.

Classic example of a sentence we often used in night clubs : 要爽又怕痛

You want FDIs yet you are scare of big boys meddling with your economy

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

Using a term in international commercial banking, your "RM pool is too shallow" for any big boys to come in

If an IB wants to move in to buy or sell US$100 to few hundred millions for RM, I think your RM will either dip or rise significantly

..small amount buy or sell in cash through Indians-operated money changing platform can lah

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

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?

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

So you see low PEs and low PBVs are the current trend on ALL Chinese stocks listed anywhere in the world

Don't forget these are the largest banks in the WORLD and their PBVs are backed by CASH, the very business a bank does

Bank of China (3988.HK) PBV=0.86
China Construction Bank (939.HK) PBV=1.06
Agricutural Bank of China (1288.HK) PBV=1.10
ICBC (1398.HK) PBV=1.08

And their Price-to Book value (PBV) are even more jaw-dropping

Agricutural Bank of China (1288.HK) PE only 5.57

China Construction Bank (939.HK) PE only 5.26

Bank of China (3988.HK) PE 5.1

RC15, please be told that all mainland counters, either listed on Bursa, HKEX or SGX are all trading very low PEs

And these were "surprise visits" without the management of Xinquan being alerted. And he returned satisfactorily, knowing fully well that his $55m investment is sound and safe

Having flown to Jinjiang, where Xinquan factories are based, not less than 3 times over the course of last 9 months

But I am sure he knows what he is doing.

KYY spent at least $55m so far and sangkut with Xinquan.
有点老貓烧须

No one under the sun is so kind to goreng up a share to let some substantial shareholders to get out. I mean, why should someone step into the shoes of KYY to replace his painful holdings of Xinquan shares at an average price of $1.60+ ?

I can confirm Koon Yew Yin still hold all those Xinquan shares. This is because he is deemed to be a substantial shareholders of Xinquan and any buy/sell, he is required by rules to disclose