New company Xinghe after taking over from Keywest coming clean without debts and promising profit for FY 2013, 14 & 15 of 67m for each of the FY with a dividen payout of 15% for the 3 FYs'.Besides its a edible product to feed the huge China population with abundance of palm oil in in this region.. I belief it shall be above 25cts!
5459 you are right i didnt want to be too optimistic.. the price may cross 50cts. ACE mkt institutional players cannot buy but they still use proxy to buy.Their PP shares was well received so the demand is good, if 50cts, i buy you lunch lah.
Focus Magazine period 5/4-11/4, i dont buy this magazine but read at the news stand inclusive Edge. It is a long article one page full. All formalities approved expect waiting for final approval from Security Commission.
my free lunch will only happen once they intend to bottle and export back the palm oil from one of the top ten tycoon refineries in Seberang Prai to China for their consumption...patience..wait and see
OTHERS XINGHE HOLDINGS BERHAD (fka: Key West Global Telecommunications Berhad) COMPOSITION OF NOMINATION COMMITTEE AND REMUNERATION COMMITTEE
KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD
Regularisation Sponsor AmInvestment Bank Bhd Sponsor Same as above Type Announcement Subject OTHERS Description XINGHE HOLDINGS BERHAD (fka: Key West Global Telecommunications Berhad) COMPOSITION OF NOMINATION COMMITTEE AND REMUNERATION COMMITTEE
The Board of Directors of XingHe Holdings Berhad (fka: Key West Global Telecommunications Berhad) ("the Company") wishes to announce that following the appointment of Ms. Li Hui Jun, Mr. Ma GuoLiang and Mr. Wang ZhiMin as Directors of the Company on 24 April 2014, the new composition of the Nomination Committee and Remuneration Committee are as follows:-
Nomination Committee 1. Ng Min Lin (Chairman, Non-Independent Non-Executive Director) 2. Tan Sri Dato' Dr. Sak Cheng Lum (Member, Independent Non-Executive Director) 3. Chan Jee Peng (Member, Independent Non-Executive Director)
Remuneration Committee 1. Tan Sri Dato' Dr. Sak Cheng Lum (Chairman, Independent Non-Executive Director) 2. Ma GuoLiang (Member, Non-Independent Managing Director) 3. Ng Min Lin (Member, Non-Independent Non-Executive Director)
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS DURING CLOSED PERIOD
KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD
Regularisation Sponsor AmInvestment Bank Bhd Sponsor Same as above Type Announcement Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD Description We wish to announce that the following directors of XingHe Holdings Berhad (fka: Key West Global Telecommunications Berhad) ("XingHe Holdings") had transacted dealings in the securities of XingHe Holdings during closed period pursuant to Rule 14.08 of Bursa Malaysia's ACE Market Listing Requirements on Dealings in Listed Securities. The details are set out in Table 1 and 2 below.
Restructuring all done.New Board of Dirctors,new committees all in place.I was advised that the announcement is scheduled on Mon,commencement trading on Tues 29/4.So,let us wait for tomorrow 2 see how true is this info.
Published: Tuesday July 30, 2013 MYT 1:36:00 PM Updated: Tuesday July 30, 2013 MYT 1:40:15 PM Key West Global regularisation plan to be completed by Q4
BY LIZ LEE
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KUALA LUMPUR: Guidance Note 3-status company Key West Global Telecommunications Bhd's regularisation plan is on track and it hopes to complete the exercise by the fourth quarter of this year, allowing it to repay its shareholders.
Part of its regularisation involved a reverse take-over from China government-linked company Supreme Global Group Ltd.
This would involve the injection of the assets and operations under its subsidiary Henan Xinghe Oil & Fat Co Ltd into Key West, which would be involved in an edible oils business.
The reverse take-over gives Supreme Global an entry to Bursa Malaysia by owning Key West through a share swap deal.
Executive director Stephen Ng Min Lin said on Tuesday the company has issued 1.9 billion shares at 11.05 sen each to the China promoters, which would allow Key West to repay its shareholders.
RedEagle..like what Ring wrote..keep calm..read the circular to shareholders..Proposal will not require any cash outlay from Existing Shareholers of Keywest..don't confuse everyone..
MULTIPLE PROPOSALS XINGHE HOLDINGS BERHAD (FORMERLY KNOWN AS KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (“XINGHE HOLDINGS” OR THE “COMPANY”) • INCREASE IN THE AUTHORISED SHARE CAPITAL; • AMENDMENT; • ACQUISITION; • EXEMPTION; • OFFER FOR SALE; • PRIVATE PLACEMENT; AND • CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description XINGHE HOLDINGS BERHAD (FORMERLY KNOWN AS KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (“XINGHE HOLDINGS” OR THE “COMPANY”)
• INCREASE IN THE AUTHORISED SHARE CAPITAL; • AMENDMENT; • ACQUISITION; • EXEMPTION; • OFFER FOR SALE; • PRIVATE PLACEMENT; AND • CHANGE OF NAME
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
Reference is made to the announcements on 23 May 2013, 10 December 2013, 8 January 2014, 13 January 2014, 3 March 2014, 26 March 2014, 27 March 2014, 31 March 2014, 1 April 2014, 2 April 2014, 23 April 2014, 24 April 2014 and 25 April 2014 in relation to the Proposals (“Announcements”). For consistency, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Announcements. On behalf of the Board of Directors of the Company (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 28 April 2014, resolved to approve the upliftment of XingHe Holdings from being classified as a Guidance Note (“GN”) 3 company and the upliftment of suspension in trading of the Company’s Shares effective from 9.00 a.m., Tuesday, 29 April 2014. The Board is pleased to inform that the additional 2,200,000,000 new Shares pursuant to the Acquisition and Private Placement will be granted listing and quotation on the ACE Market of Bursa Securities with effect from 9.00 a.m., Tuesday, 29 April 2014. Further, the Company’s Shares will be traded and quoted under the new stock short name of ‘XINGHE’. The stock number remains unchanged.
Well ..finally, now everyone will be to giving their own targeted price..Ring and myself will be 0.50 cause there will be free lunch from this investor..lol
Actually I guess more ..but time to build up the confidence and expectation of this counter will way past our target...yet to see. Well we are just minorities shareholders ...Well done XingHe
The new management and main shareholders will need to see that this counter will perform better than what they are expected..With the strong backing from the China disposal market and a well established brand..it should go higher than this. Just Trading for a Living..haha
Please read the report b4 commenting, Xinghe is coming clean without any debts n guarantees dividen of 15% for 2013, 14 & 15 n for a penny stock with a profit of 70m for each of the FY so please be more factual.
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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....
Ring
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Posted by Ring > 2014-04-17 20:38 | Report Abuse
New company Xinghe after taking over from Keywest coming clean without debts and promising profit for FY 2013, 14 & 15 of 67m for each of the FY with a dividen payout of 15% for the 3 FYs'.Besides its a edible product to feed the huge China population with abundance of palm oil in in this region.. I belief it shall be above 25cts!