Posted by Chinaboleh > 2016-05-30 22:12 | Report Abuse

Cash balance actually increase to RM 340.347 million.

PARTICULARS NOTE Unaudited Unaudited Unaudited Unaudited
As At As At As At As At
31-Mar-16 31-Dec-15 31-Mar-16 31-Dec-15
RMB'000 RMB'000 RM'000 (1) RM'000 (1)
ASSETS
Non-current assets
Property, plant and equipment 282,482 290,197 186,975 192,081
Intangible assets 16,358 17,220 10,827 11,398
298,840 307,417 197,802 203,479
Current assets
Inventories 12,220 11,238 8,088 7,438
Trade receivables 112,902 173,627 74,730 114,924
Prepayment and other receivables 1,298 546 859 361
Cash and bank balances 514,196 496,480 340,347 328,620
640,616 681,891 424,024 451,343
Total assets 939,456 989,308 621,826 654,822
EQUITY AND LIABILITY
Capital and Reserves
Share capital 102,373 100,363 67,760 66,429
Reserve 772,607 785,141 511,388 519,686
Total equity 874,980 885,504 579,148 586,115
Note:
The quarterly report is prepared without taking into consideration of any financial adjustment, if any, that may arise from the additional works to be
performed by the External Auditors of the Company, RT LLP to verify expenditure incurred and bank balances, as announced on 25 April 2016。
The adjustment, if any, when determined, may have an impact on the current quarterly results.

Posted by PureBear > 2016-05-30 22:18 | Report Abuse

Quarterly report is unaudited. Any bullshit can go in there.
The most important is still the external audit, esp on the bank balance.

Posted by flyup888 > 2016-05-30 23:28 | Report Abuse

the QR is out..so although is not a good result..but still got come out QR and when can submit AR?

Posted by TAH > 2016-05-31 10:48 | Report Abuse

The Ar2015 must be out not later than 10th of July.

Posted by Beststock > 2016-05-31 15:16 | Report Abuse

http://multisports.listedcompany.com/news.html/id/530498

At least, we know Msports is not dead. Still alive and kicking albeit making losses due to China market depression for the last one year.

Posted by Beststock > 2016-05-31 15:42 | Report Abuse

http://multisports.listedcompany.com/financials.html

Posted by show > 2016-05-31 16:12 | Report Abuse

if you have missed to boat, just forget it. MSPORTS is now suspended and there is nothing you can do now. Too late to regret for not buying MSPORTS while it was still dirt cheap.

Once suspension is listed, MSPORTS will fly for sure.Those audit nothing to worry about, if something is seriously wrong, this quarter result will surely be late too. Besides. Chinese gov has been coming hard on fraud recently, not many people dares to mess around with the Chinese gov, especially fraud. If you have not been reading news, go and read now... there are so many people in China gets death for fraud. Yes, in the past there are many fraud, but many of them have been caught and executed or jailed for life.

Those are just additional audit probably requested by Paramjit and he has probably got his answers earlier than us, that is why he go and initiate a take over bid by planting directors into MSPORTS to protect its cash and other assets. IF cash is fake, he surely will not be bothered to send so many people into MSPORTS.

Once MSPORTS opens, fly for sure. For those who have MSPORTS share, just relax and watch how those people who miss the boat re-act when MSPORTS trades again.

Posted by show > 2016-05-31 16:16 | Report Abuse

Many people still think about the past that China based company not safe because of fraud, those are things of the past. Many have been caught and executed. Things are different now, as not many people dares to do fraud in China.

Posted by Angielim9955 > 2016-05-31 19:35 | Report Abuse

Hi beststocks and msport tean. Can I know what is Ar.
Why you mean need to wait the Ar Come out in July?
And I knew msport will trade again very soon but do you guys know is it same for maxwell ?

Posted by TAH > 2016-05-31 20:26 | Report Abuse

If Ar not out by July 10, then will be continue suspend for another 6 months for it to come out.If 6 months still cannot produce the Ar then , Msport will be delisted. Regarding Maxwell,it is also cash rich, but its controlling stake by major share holder still intake. so is not subject to take over.

Posted by Angielim9955 > 2016-06-01 02:59 | Report Abuse

TAH thanks for sharing,
And TAH , do you know why Msp made a net loss latest reports but still can increase their cash ,
I mean why ms made a net loss but still can make a lot of money in hand , is it the net loss only is paper loss but not actual cash loss ?

Posted by jwyap > 2016-06-02 08:20 | Report Abuse

for the past, the company would delist due for higher liablity + huge lost + high receivable + weak cash+low revenue+ major share holder holding small % share only. but for mspot and maxwell, they are totally different with above, i think the klse sufffered a lot of complaint and need to comfirm and trustee AR of china counters,
so when the AR is issued, those company will totally make the investor confidence and they will stay back its market price. so below 5 ct is the most chepest value for investor. just remember Paramjit is not a fool business man, before he collected this counter, he sured to some investation research of its.

Posted by tintan > 2016-06-02 16:59 | Report Abuse

I think the cash excess is the total of the leftover right issue & accumulated profit. Net loss is real loss. Paper loss only refers to shares u have not sell which is lost when u sell now

Posted by Angielim9955 > 2016-06-03 02:58 | Report Abuse

understand, and tintan, actaully I have Msports and Maxwell also,

Do you think beside Mspoorts , Maxwell can survived ?

Posted by tintan > 2016-06-03 09:44 | Report Abuse

Don' t worry, both are cash rich n debt free . Just hold tight. until the next boom.

Posted by leo1234567 > 2016-06-04 12:56 | Report Abuse

2013年起服飾部門一直都是虧損，拖累Msports的獲利數字，今年1Q服飾部門結束，雖然仍有小幅虧損，但至少不會是個無底洞!Msports是幾乎沒負債的公司，營運現金流量也都是正數，實在看不出有倒閉的危機!1Q財報帳上現金高達3.4億RM，每股淨值97Cents，股價卻剩3.5Cents，只要公司沒倒，能恢復交易，應該都算大利多吧!

Posted by leo1234567 > 2016-06-04 12:58 | Report Abuse

2013年起服飾部門一直都是虧損，拖累Msports的獲利數字，今年1Q服飾部門結束，雖然仍有小幅虧損，但至少不會是個無底洞!Msports是幾乎沒負債的公司，營運現金流量也都是正數，實在看不出有倒閉的危機!1Q財報帳上現金高達3.4億RM，每股淨值97Cents，股價卻剩3.5Cents，只要公司沒倒，能恢復交易，應該都算大利多吧!

Posted by PureBear > 2016-06-04 13:57 | Report Abuse

https://www.youtube.com/watch?v=tbU3zdAgiX8

All I have to do is dream
Dream, dream, dream
Dream, dream, dream, dream
Dream, dream, dream, dream
Dream

Posted by KLCI King > 2016-06-04 14:09 | Report Abuse

3.5c, not even can buy sweets

Posted by AyamMudah > 2016-06-06 12:24 | Report Abuse

Evidoma eating all Msports profit! wakakaka

Posted by Angielim9955 > 2016-06-06 16:08 | Report Abuse

tintan thanks, will hold both.
beside really undervaluead

Posted by tintan > 2016-06-06 17:18 | Report Abuse

Prepare to buy more when listed

Posted by Beststock > 2016-06-06 20:12 | Report Abuse

Agree 100% with Tintan. Now we are waiting for EGM and AGM. Cheers.

Posted by rockycleft > 2016-06-06 21:25 | Report Abuse

You guys give the word optimism a new meaning,,.......haha

Posted by bearguy > 2016-06-08 09:53 | Report Abuse

就你们最会算每股净值，本地财团，投资集团和有钱人都没入场，就你们散客最眼光独到。每股淨值97Cents，股價卻剩3.5Cents？ 若真得这么好，难道只有散客会买吗？

Posted by sandrakkc > 2016-06-08 11:26 | Report Abuse

Bearguy, can please translate into English?

Posted by show > 2016-06-08 16:25 | Report Abuse

those did not buy MSPORTS must be dead worry about missing big money otherwise why are they here everyday ? Since they have no MPOSRTS, they have business with MSPORTS at all but they are still here. I guess they are waiting to chase after MSPORTS once it is trading again. they come here to get hints of trading lifted for MSPORTS everyday. Well, next time just buy it, dont try to be too smart.

Posted by show > 2016-06-08 16:27 | Report Abuse

if a company defaults on loan payment and goes into suspension because bank or supplier sued them, then we have some worries, here MSPORTS have no debts, no trouble with suppliers... plenty of cash and assets, just delay of accounts because some people request for additional audit, nothing to worry about.

Posted by Beststock > 2016-06-09 19:26 | Report Abuse

Exactly. show is right.

Posted by PureBear > 2016-06-10 10:22 | Report Abuse

Recent puzzling development (mass resignation?):

(1) 27 May 2016: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5107293
Codan Services Limited had notified the Bermuda Registrar of Companies of its resignation as Assistant Secretary and Resident Representative of the Company effective from 23 April 2016.

(2) 31 May 2016: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5111757
Following the resignation of Codan Services Limited (“Codan”) as Assistant Secretary and Resident Representative of Multi Sports Holdings Ltd, the Company had breached Section 130 of the Bermuda Companies Act, 1981 (“the Act”): Every exempted company shall have … a secretary that is - … resident in Bermuda …

(3) 9 June 2016: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5120373
… received a letter dated 8 June 2016 from Secretarius Services Sdn Bhd (“SSSB”) regarding its resignation of Secretary on 8 June 2016. Following the resignation of SSSB, the office of secretary shall be left vacant.

(4) 9 June 2016: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5120377
… on 8 June 2016 received a letter dated 8 June 2016 from PFA Corporate Consultants Sdn Bhd (“PFACC”) regarding its resignation as an agent of MSports in Malaysia (“Agent”) on 8 June 2016 …

These are in addition to the resignation of 2 of the members of the Audit Committee on 20/4/16 (see my comment on 26/4/16).

These are bad omens of something bad is brewing. Before an old house collapse, you will see the bits & pieces falling.

Posted by hamitouzhi > 2016-06-10 12:04 | Report Abuse

i think Paramjeep is screwing them kao kao now

Posted by AyamMudah > 2016-06-10 12:32 | Report Abuse

china company listed here all cheater la! fark off

Posted by Beststock > 2016-06-10 14:10 | Report Abuse

I sense something very bad or BIG is happening. Time to standby for something BIG. Hahahaaa...

Posted by tintan > 2016-06-10 16:34 | Report Abuse

A checked at the latest unaudited qrt report indicates the excess cash is still intact, nothing to worry mah

Posted by richkid1 > 2016-06-10 17:14 | Report Abuse

PureBear why need them? They are best remembered to cause Msports slide from 85(IPO price)sen to 3.5 sen currently. We want Paramjit Singh men not someone do nothing.

Posted by PureBear > Jun 10, 2016 10:22 AM | Report Abuse

Recent puzzling development (mass resignation?):

(1) 27 May 2016: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5107293
Codan Services Limited had notified the Bermuda Registrar of Companies of its resignation as Assistant Secretary and Resident Representative of the Company effective from 23 April 2016.

(2) 31 May 2016: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5111757
Following the resignation of Codan Services Limited (“Codan”) as Assistant Secretary and Resident Representative of Multi Sports Holdings Ltd, the Company had breached Section 130 of the Bermuda Companies Act, 1981 (“the Act”): Every exempted company shall have … a secretary that is - … resident in Bermuda …

(3) 9 June 2016: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5120373
… received a letter dated 8 June 2016 from Secretarius Services Sdn Bhd (“SSSB”) regarding its resignation of Secretary on 8 June 2016. Following the resignation of SSSB, the office of secretary shall be left vacant.

(4) 9 June 2016: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5120377
… on 8 June 2016 received a letter dated 8 June 2016 from PFA Corporate Consultants Sdn Bhd (“PFACC”) regarding its resignation as an agent of MSports in Malaysia (“Agent”) on 8 June 2016 …

These are in addition to the resignation of 2 of the members of the Audit Committee on 20/4/16 (see my comment on 26/4/16).

These are bad omens of something bad is brewing. Before an old house collapse, you will see the bits & pieces falling.

Posted by Beststock > 2016-06-10 17:44 | Report Abuse

Maybe Mr Lin is appointing a Liquidator to dissolve the company. ???

Posted by swingtrader2 > 2016-06-10 22:29 | Report Abuse

Better liquidate the company lar. Kakakaka

Posted by show > 2016-06-11 07:10 | Report Abuse

dont worry about resignation, these are good sign. Meaning, Paramjit takeover is gaining momentum. People do not resign when there are fraud because if you resigned, law will still catch you because your offence is before your resignation. IF you have done something very wrong, you will probably stayed on to repair the damaged because if you have resigned, chances to "repair" wrong doing is zero.

Posted by Beststock > 2016-06-11 13:56 | Report Abuse

Good. Thanks show. Either Paramjit is acting on the company or Mr Lin is doing something. Either way. Big show ahead for us to see.

Posted by swingtrader2 > 2016-06-12 09:48 | Report Abuse

Hai guys. What i see either u guys make ton of money or u will get nothing. Good luck

Posted by sengkee > 2016-06-12 10:54 | Report Abuse

Why Param only requested the EGM for appointment of new directors to be held after this counter is suspended? If he announced it early, then many people will have jumped in. In fact he can do it at any time since last year. Why wait until now?

Posted by show > 2016-06-13 07:33 | Report Abuse

Paramjit was probably still collecting under other proxy names at cheap price, he probably have more than 50% of MSPORTS shares already, that is why he can confidently call for EGM to slot in his people. If he have less than 50%, no point calling for EGM to slot in his men, just waste of time and money.

Posted by Beststock > 2016-06-13 16:14 | Report Abuse

Yes. swingtrader2 is right. Either we get ton of money or we get nothing. Let's see. God bless. Good luck.

Posted by tintan > 2016-06-13 16:22 | Report Abuse

Let wait for the EGM to commence , only can know the actual controlling stakes of Mr Lin.

Posted by rockycleft > 2016-06-14 10:56 | Report Abuse

Show, cam he heals the sick, cleanses the lepers, cast out demons and raises the dead? Hahaha

Posted by rockycleft > 2016-06-14 11:01 | Report Abuse

If so, happy ending......l

Posted by Beststock > 2016-06-20 15:19 | Report Abuse

CSL China Stationeries Ltd - now 8 sen is another Msports in the making. Follow closely CSL. I will buy if drop to 3 to 4 sen like Msports. Wait and see. Why Chinese stocks react like this?

Posted by Beststock > 2016-06-20 15:26 | Report Abuse

Now 8 sen already very very cheap but because of panic or fear like Msports, CSL shareholders sure cannot tahan, Some will throw or maybe it needs the taiko from China to throw one big lot, then they will panic. Or follow Msports examples - sack the Co Sec, sack the Internal Auditors and throw away a few million shares.....CSL shares will become like Msports shares. Same same.

Posted by hamitouzhi > 2016-06-20 18:30 | Report Abuse

same as CAP 5229, every year company made profit; but share price drop to 0.035 now

Posted by Beststock > 2016-06-20 18:51 | Report Abuse

Really !! Need to check CAP too.