Xingquan will be dishing out RM6,761,260 as dividends to its faithful shareholders, out of which 60% would be going back the owners. In other words, Xingquan will directly giving out RM2.70 plus plus million to the outside shareholders. Quite a stunt from a company which made 35 sen EPS. And the craziest joke was that Xingquan needs to preserve its mountain of monies for expansion and cash purchase of raw materials. Maybe they think Malaysian investors are kiddos.

Looks like cariyoyo was right that Xingquan will announce a small dividend. He commented this on 3rd December. Cariyoyo, will they go for listing in Australia. Are there any hope for stupid Xingquan? My sources told me that Xingquan will give out 1.5 sen but it turns out to be 2 sen. The Chairman has indeed brought along some old fake Chinese eggs for shareholders to enjoy at the AGM today. KYY not attending according to my sources.

Suggestion from laine was good.

Just write a note that you demand dividends from Xingquan and attach it along the proxy form.It goes a long way.

why do you say kyy sold his xingquan shares??? he is still keeping them as what cariyoyo said. you should get your facts right, mukah.

Cariyoyo came out after keeping quiet for a while on Xingquan. But am happy that he did as his comments do carry some correct info. Let us wait and see. But if you want to confirm if Xingquan is listing in Australia or not why don't call super investor, Mr. Koon Yew Yin at koonyewyin@gmail.com or 017-5577822. Am sure he will spare you some info. Afterall, he has nothing to lose after losing 75% of his investment in Xingquan as dlsh2 said.

Cariyoyo, any more news?

Looks like there is some delay in the issuance of its Annual Report. Something is cooking somewhere. Maybe they want to ensure that no one can detect those fake Chinese eggs. I can see that there are investors who doesn't learn from Chinese stocks listed out of China. None of them are doing well and yet investors invest and harbor fake hopes that they will rise. Xingquan is not selling to anyone but will continue to dish out fake salted eggs soon and every time when they have to to sooth investors appetite.

The foreigners who went to xingquan factory were Germans who were interested on branding proposals brought about by xingquan. Nothing special. I have checked with my friends in china and they have heard nothing unusual about xingquan except for some delays in completing worker's quarters. So my wild guess is that this counter will continue to languish at 0.40 to 0.45 for year 2014. Dlsh2, cariyoyo works with Goldman Sachs Hong Kong.

The real owner of xingquan is not wu but his brother in law who lives in Macao. Can you imagine that the owner choose to live in Macao and not in fujian where his investment is? I have heard about the local officials who want their money from xingquan. Maybe something is brewing among the owner and some "owners" who are the previous or current officials in fujian. They could be the one who wants to sell out and they can do that with or without the approval of the real owner. I have mentioned thisuch earlier but was ridiculed by some idiots who think they are "mr. know all".

Xingquan shot up by 17% today! The Xingquan Q report was fantastic. They have prepared fake Chinese made eggs for their shareholders and potential shareholders. I noticed volume up today as many new investors are joining to try these Chinese fake eggs. Some even thanked them after having the fake eggs, not knowing that it will negatively affect their financial health.

Xingquan should just its tag to potential biggest company listed in Bursa Malaysia. Just like the guy who was arrested in Thailand recently, potential richest man in the world.

Dear saltedfish,

The truth hurts isn't it? The truth is that many investors who got invested into Xingquan are now regretting their actions. Even the biggest supporter of Xingquan during its initial listing, Mr. Koon regretted of his action and said sorry to those whom he asked to follow him into investing in this dud. Look at it for yourself, it was RM1.63 in 2010 and now it is RM0.36. That's a drubbing of 75% in networth. If you don't call this a dump investment, perhaps you can enlighten us. You have kept mumbling about this and that on Xingquan but I do not think you know anything much about it.

Fake eggs are representatives of those fake numbers that you see in its report. You can have them for breakfast.

The news that I received from China is quite reliable. There are news that the "owners" of various Chinese counters listed in Malaysia are cleansing themselves from their "free shares". This will allow the real owners more latitude to do what they want to do with the company. Xingquan might be the "star performer" in the year of Goat. If you believe that Xingquan is what the chairman mentioned over and over again in last year's AGM then load up by all means. Pity is that the chairman can't speak English.

He will give 1.5 sen dividend so as to avoid the rotten Omega eggs. But then again the Chairman and Ooi Guan Hoe might bring along Made In China "fake" eggs to throw back.

Xingquan is going for a free fall. I have mentioned earlier that ex-officials in China who got the shares for free prior to Xingquan listing is selling through their proxies. They have no issue on the price that they want to sell. In fact, all Chinese stocks listed in Malaysia are goners as these officials own all their shares.

But I have been informed by a friend in China that Xingquan will doll out a small dividend i.e. 1.5 sen soon. Is hefty dividend if you calculate based on RM0.35.

Happy investing.

The owner of Xingquan should offer to take it private by offering all shareholders 100% higher from the current price. Surprisingly, Ooi Guan Hoe who has direct informations on Xingquan took up 15,000 shares only even at such deep discounted price. Either, he wants to raise his stake when it is RM0.20 or he knows that the company isn't worth the salt to even look at it. It tells a lot when a director doesn't pick up the share when he or she has all direct information. So, you can all give up all hopes on this "cheating counter" from China. In fact, don't even look at Chinese stocks listed in Malaysia. Go for those in Shanghai, Hong Kong and the US. But of course the catch is that they don't come cheap like Xingquan or XDL or China Ouhua.

I thought only those who has more than 5% of the paid-up have to inform Bursa on your disposal? ct888 can be a 55% shareholder of Xingquan through 20 proxies with a spread of 2.75% can be selling everyday and need not inform Bursa on his sale. Is this true or otherwise? Maybe professionals like ganneeneh, ct888 can throw some lights into this.

I think many of you do not fully comprehend what I commented earlier. Please understand that I am sharing what I know on how Chinese officials in China conduct when a company wants to list in an overseas stock exchange. Companies which are listed in Malaysia were companies failed to make the cut in USA, Shanghai, Hong Kong, Singapore or even Thailand. Great solid companies will be listed in USA and Shanghai. Hong Kong and Singapore will be the next on the list if they can't qualify for US and Shanghai. Those which are listed in Malaysia were rejects from the tiers. Having said that, companies like Xingquan would have to first transfer its shares into a off-shore country and for this case it was Bahamas. But before you can even do that, you need approvals from the local authorities and for this case it was Fujian officials. These officials would want a piece of the action for free. And of course they can't hold the shares in their names. That's why the need of proxy or proxies. But some select only one or two whom they really trusted. It is a cartel.

Imagine if you are an official and been given 30,000,000 Xingquan shares for free, would it matter to you if you sell at RM1.50 or even RM0.50? Of course, you would choose to sell at the highest price possible. But please remember that Beijing is going after corrupt officials in a very big way now. So is best to have a cleaner hands now.

That is why Xingquan been dropping from RM1.60 to RM0.55. They dump the stocks in tranches to avoid a free fall. Don't you realize that all Chinese counters in Malaysia are dropping?

I am not saying that Xingquan is a cheat but what I am saying that it is better for the real owners of Xingquan to rid off these "owners" as otherwise anything that they (real owner) do would be dictated by them ("owners"). They can do havoc to you especially when you are running the manufacturing facility in their backyard.

Are they any hope for Xingquan? The answer is probably yes as the owners or people related to the owners are buying back the shares at low prices. But it is going to be a long haul before you can see the price back up again.

Many will be surprised to know that Xie is a proxy to some big wigs in Fujian. I have been working in China with a big conglomerate for 20 years now. I have just recently retired and are very familiar with the way the Chinese conduct business in China. Xingquan is considered a small timer in China. Its products are not found in big cities like Beijing or Shanghai. Xingquan investors will be shocked to find out this. If you go to Beijing and ask for Gertop or Addnice wares, chances are they do not know what you are talking about. So in short, Xingquan is unknown to many in China except those in Fujian.

The question is why Xie is selling his stocks even at RM0.70-0.50??? The answer is quite simple. He is a proxy to those in power who got Xingquan shares for free. They got the shares free prior to its listing. In China, you need approvals from provincial heads before your company can go up for listing without which there is no way the share can be transacted in an offshore country. The "owners" are now selling and in order to cushion the fall, the Xingquan owner raised private placement.

Cariyoyo is quite right in his comments.