Anyone here remember uncle KYY and his call to buy Xinquan few years back?

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As for Xingquan, the SC reprimanded its executive chairman and CEO Datuk Wu Qingquan, executive director Wu Lianfa, former non-independent non-executive director Ng Sio Peng and former senior independent non-executive director Zhou Liyi.

The offences were falsely recording a loss of 415.7 million yuan from the sale of inventory by Xingquan’s wholly-owned subsidiary; furnishing to Bursa a false agreement between the said subsidiary and a third party; furnishing false or misleading financial statements to Bursa; and recording cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.

The SC also said Wu Qingquan and Wu Lianfa were reprimanded for failure to provide a response to the SC when served with written notices requesting for information.

It also pointed out Xingquan had also committed breaches of the Bursa Malaysia Securities Main Market Listing Requirements, and actions had been taken by Bursa Malaysia.


Read more at https://www.thestar.com.my/business/business-news/2019/03/30/sc-raps-three-chinabased-firms-for-breaching-laws/#9SfEFzgSQxzTdbbT.99

Listened to the Brrakfast grille interview with their MD...investors should hear it from the mouth of the MD and make their judgement on the prospects of the company

07 Jun 2018 - 9,727,500 shares Disposed by AmanahRaya Trustees Berhad - Amanah Saham Bumiputera

07 Jun 2018 - 15,000,000 shares disposed by Permodalan Nasional Berhad

New name - Muse by the Sky

Looks like SDP have to sell more land to pay dividends to loyal shareholders

HSR scrapped. What is the landbank now worth? Need how many years to build townships in N9 and Johor? So called developer with biggest land bank in Malaysia....

If you look close at the photos, the boxes that police took are labelled with Puan Sri Cindy..

If you look close at the photos, the boxes that police took are labelled with Puan Sri Cindy...

Will Dr M be a catalyst for southern corridor - townships in Puchong, 16 Sierra and IOI Resort City to see better appreciation?

Sky Residence - currently selling approx RM670 psf, rent to own is RM2600 a month. Affordable? Target empty nesters?

Sky Residence Puchong - more than 50% not sold, few months ago to VP

bought 5 items from lazada last week. shipped from 3 different couriers- LEX, Skynet and Ninja Van. Everyone wants a pie of the courier market. May the best wins

http://klse.i3investor.com/servlets/pfs/53884.jsp

GT might have done normal audit procedures in getting bank confirmations for cash balances, but this procedure is still susceptible to fraud as bank letters can be intercepted midway. The auditors will always cover their back by saying they have done the right thing and the cash exists, but if the company that's been sitting on cash for,so long can't utilise the cash pile in the most efficient manner then it is not in the best interest of shareholders. It is therefore not surprising that people avoid this stock. kYY always preach his golden rule of low PE and increasing profits, but in this case management integrity matters most more than anything else. Management has not done enough to convince shareholders. Mr Koon may have visited their china factory, but I'm curious how many times has he spoke to management in depth to find out their real intentions

GT might have done normal audit procedures in getting bank confirmations for cash balances, but this procedure is still susceptible to fraud as bank letters can be intercepted midway. The auditors will always cover their back by saying they have done the right thing and the cash exists, but if the company that's been sitting on cash for,so long can't utilise the cash pile in the most efficient manner then it is not in the best interest of shareholders. It is therefore not surprising that people avoid this stock. kYY always preach his golden rule of low PE and increasing profits, but in this case management integrity matters most more than anything else. Management has not done enough to convince shareholders. Mr Koon may have visited their china factory, but I'm curious how many times has he spoke to management in depth to find out their real intentions

1mdb also audited by EY then Deloitte, they claim they do bank confirmations for investments...but where is the cold hard cash?

http://koonyewyin.com/wordpress/2014/02/14/why-xingquan-is-not-giving-dividend/

How come kyy write this on 30th will full confidence and then walk out of agm on 31st?

http://koonyewyin.com/wordpress/2014/02/14/why-xingquan-is-not-giving-dividend/

Anyone tried visiting Sales offices for Star residence? what is Symlife's strategy of selling remaining units? given high end residential market is slowing down, are they offering discounts that will affect margins?

I would like to know the take up rates for Star residence, as Symlife does not have a good reputation after delivering subpar quality at Wharf Puchong. Having visited Wharf Puchong few times, I see the residential units mostly rented out to foreigners, commercial units 80% vacant, lifestyle mall no where to be seen despite promises.

Thinking from a business point of view, I can't see what is Symlife's strategy going forward - high end? or mass market (Sg Long)? how many years do shareholders have to wait?

Felicity made good points by drawing parallel to what Christoph did at Aer Lingus and the success story of Ryanair. However in the ASEAN context we are still seeing lots of red tape in airport landing charges, and the strong competition among low cost airlines. While Airasia pride themselves as a great place to work, the recent case of Allstar pilots calling in sick is worrying, is the company's culture facing a test now?

http://www.theedgeproperty.com/my/content/symphony-life-takes-high-road

https://vimeo.com/131236783

I invite anyone here to visit the recently completed Units at The wharf Puchong, speak to the owners and you'll know what I mean. If the wharf is too far away, go to sixceylon, ask the owners what was the condition upon VP and if they feel satisfied :) just my 2 cents. Developer can have good land bank, management and plans etc, but I believe they should stick to the promise of providing decent finished product too

recently i visited some symlife projects. Just VP not long ago. Defects list is long. Anyone else checked out their end product?