Posted by smartly > 2017-06-08 14:57 | Report Abuse

Mr. KYY's cousin could be one of the reason why he buy in in big wave...

Posted by CharlesT > 2017-06-08 15:00 | Report Abuse

Just be extra cautious when somebody mentioned he got insider info or he knew somebody inside etc etc

From my observation mostly die hard...

Posted by smartly > 2017-06-08 15:00 | Report Abuse

his cousin's finding constitutes to his confident level.
auditors sometime do deceived by crooks.

Posted by stockmanmy > 2017-06-08 15:05 | Report Abuse

why blame auditor?

the company is doing very well.....it is just that the Chinaman does not want to share the company with Malaysians.

Posted by CharlesT > 2017-06-08 15:08 | Report Abuse

Looks like the Chinaman only wanna share the fortune with Koon...the most loyal supporter of the co

Posted by CharlesT > 2017-06-08 15:12 | Report Abuse

When Koon wanna share this fortune with his most loyal supporter,Stockman, he just refused so....

Posted by stockmanmy > Jun 7, 2017 09:57 AM | Report Abuse

I was tipped off to buy but it was stupid of me not to buy. now 5 sen.

100% return if I am not so stupid....shit.


Sad.....

Posted by rockycleft > 2017-06-08 15:12 | Report Abuse

KYY lost a bit of Money but more face. It was a perfect con job unfortunately,

Posted by CharlesT > 2017-06-08 15:15 | Report Abuse

If Stockman followed Master's tips to buy at Rm0.03 he will make 100% return in 2 days

If he hold the delisted Co then maybe he can make 1000% in 10 years time

This very good China Co will only be shared by Chinaman, Koon n Stockman if only stockman believes n buy 2 days ago

Posted by KL Boy > 2017-06-08 15:15 | Report Abuse

stockmanmy, are you the Auditors of Xingquan? You know the company is doing very well. Maybe KKY concurs with you. That's why he kept buying to the last minute.

Posted by RVI123 > 2017-06-08 15:19 | Report Abuse

When you invest in a company, the most important thing to look at is the integrity and trust worthiness of the major shareholders, CEO and other key management team. If we have doubts, it is better not to invest in that company. There are so many other good counters in the market, why invest in the counters that we are not sure? From the writings of KYY, we can see that his research on the target companies are very crude. Just simply looking at the balance sheet and general sector market condition to decide to invest in. He had also generalised in last year that since the property market was bad, all property counters would be bad. He even wrote to comment that the buy call on MKH from his remisier OTB was wrong. In fact, many property counters like LBS, MKH, TAGB, Paramount have gone up more than 50% since the day he said that. He did not go into details to know that many of the counters have dropped more than half from their peaks and they were trading at single digit PE. Some are trading at PE below 5. Many are still very strong fundamentally with RNAV worth 3 to 4 times more than the share price. It is almost like cheap sales. Selling a bungalow (RM4mil) at the price of a terraced house (RM1mil,)

Posted by stockmanmy > 2017-06-08 15:20 | Report Abuse

China came to malaysia first for the IPO money, later found opportunity in Rights issue money.

not a single reason remains for chinaman to hang around.

Posted by Bigbull99 > 2017-06-08 15:20 | Report Abuse

I beg your pardon? good company? @charlesT

Posted by stockmanmy > 2017-06-08 15:24 | Report Abuse

Chinaman came to malaysia first for the IPO money, later found opportunity in Rights issue money.

not a single reason remains for chinaman to hang around.

The whole Board of Directors can be charged for major collusion in a fraud......if this is Singapore.......but this is Malaysia....Chinaman choose his victims well.

Posted by lizi > 2017-06-08 15:27 | Report Abuse

so if delisted, what will happen to existing shareholder?

Posted by CharlesT > 2017-06-08 15:32 | Report Abuse

Posted by stockmanmy > Jun 8, 2017 03:05 PM | Report Abuse

why blame auditor?

the company is doing very well.....it is just that the Chinaman does not want to share the company with Malaysians.

Posted by stockmanmy > 2017-06-08 15:32 | Report Abuse

Chinaman came to malaysia first for the IPO money, later found opportunity in Rights issue money.

not a single reason remains for chinaman to hang around.

The whole Board of Directors can be charged for major collusion in a fraud......if this is Singapore.......but this is Malaysia....Chinaman choose his victims well.

Chinaman is from a different culture with different experiences and expectations. ...in China they put poison in baby milk just for money. ........Chinaman considers this a major coup, major success.


The company did not go bankrupt, the auditor cannot be blamed. ..the Chinaman runs away.

Posted by stockmanmy > 2017-06-08 15:34 | Report Abuse

nothing....and that is the point.

lizi > Jun 8, 2017 03:27 PM | Report Abuse

so if delisted, what will happen to existing shareholder?

Posted by Lambar > 2017-06-08 15:52 | Report Abuse

Your share becomes zero cent

Posted by Hwai Hooi > 2017-06-08 15:54 | Report Abuse

all money burn?

Posted by Lambar > 2017-06-08 15:54 | Report Abuse

Usually. ..after delisted, the company will declare sudden big loss up negative nta..

This is standard occurrence if you search earlier companies. .

Posted by Lambar > 2017-06-08 15:56 | Report Abuse

With a negative nta. ..existing shareholders will be owing money to lenders and suppliers...your share will be turn into zero cent...trust me...

Posted by Lambar > 2017-06-08 15:58 | Report Abuse

So many sochai in xinquan..god won't help those for are not willing to help themselves

Posted by michael_jackson > 2017-06-09 01:57 | Report Abuse

Oh My God!!!!....Independent & Non Executive Malaysian director mr.Tan Eng Choon also submitted his resignation from xinquan company....this company getting worst and worst....if delisted from bursa and if no asset or cash in the bank, then all the investors will get zero cent...meaning all the money is burn already.....let see how long xinquan try to delay in submission 3rd QR...If unable submit 3rd QR by 7th June, it is confirmed-Suspension of Trading...Then if still stubborn after 6 months suspension of trading and final warning from bursa securities...then confirm will be delisted....what happen to xinquan management??? Really no cash in the bank??? then how to write bluffing financial report like that....no wonder even auditor also don't want to submit 3rd QR this time around.......can be too honest because really have no cash in the bank!!!!

Posted by michael_jackson > 2017-06-09 02:13 | Report Abuse

share prices drop to a new record level at 0.020 on 05/06/2017 ...plus suspension of trading on 07/06/2017 ...then it is really a bad news for those who invested in china stocks...

Posted by stevenkhoo > 2017-06-09 08:59 | Report Abuse

investment mah
win some, lose some

Posted by Karina_Au > 2017-06-09 22:28 | Report Abuse

dd

Posted by stockmanmy > 2017-06-09 22:40 | Report Abuse

all the assets will be stripped.

nothing to see.

Posted by stockmanmy > 2017-06-09 22:47 | Report Abuse

all the assets will be stripped.
Malaysian directors one by one has resigned because no one wants to answer questions.
Office will be closed.

Only a shell is left in Malaysia

The operating companies are in China and they shall have new owners.

Posted by Apollo Ang > 2017-06-09 22:51 | Report Abuse

same like woohing and mbf, both delisted but business still around. seng hup and tai thong still around???

Posted by stockmanmy > 2017-06-09 23:38 | Report Abuse

hhundreds of companies have been delisted in last 20 years.

Forensic investigations have been rare.

equally rare is minority shareholders ever getting back 1 sen.


No one has ever gone to jail for asset stripping.

Posted by Apollo Ang > 2017-06-09 23:41 | Report Abuse

cos msian dare not protest and say a word, msian mudah lupa. what happen to recent case of Johnson lee and MBI,why now diam diam?

Posted by stockmanmy > 2017-06-09 23:47 | Report Abuse

Malaysia boleh land.

Posted by rockycleft > 2017-06-10 20:04 | Report Abuse

The logical move by the chinamen will be delisting from bursa as the job is complete

Posted by rockycleft > 2017-06-10 20:15 | Report Abuse

it happened elsewhere before

Posted by Sslee > 2017-06-11 08:58 | Report Abuse

Dear all,
Who to blame for the fiasco/scandal of China Companies listed in Bursa (Xingquan)?
1. Investment Bank/Underwriter (CIMB) in their eagerness to earn a fat commission/profit failed in their duty to ensure the integrity of IPO Prospectus thus allowed these dubious companies to be listed in Bursa.
2. The China Education system that failed to educate their people on honestly and integrity. In their eagerness for material gain the old culture of honor, hardworking, trustworthiness and integrity were replaced with rich is glory where business owners are ready to commit despicable and shameful acts of cheating/deceit/fraud/stealing/robbing the poor just to be rich?

Posted by Sslee > 2017-06-11 09:03 | Report Abuse

8. Those cut loss smart investors and fund managers who sensing possibility of fraud just cut loss (passing the problems to other) and move on without any care or responsibility to put an end to fraud practices?
9. Forbes for awarded Xingquan one of the Forbes Asia-Top 200 Companies-Best under USD 1 Billion?
10. Myself for been sochai/stupid and deserve to be cheated by the China conman (China Conmen are light year ahead, they are from a different culture with different experience and expectation)? My Bet: Malaysian shall prevail.

Posted by Sslee > 2017-06-11 09:03 | Report Abuse

I can keep writing on to the list as of whom to blame but all the blame game will not solve the problems but action will.
During my recent CSL AGM, I had told the Independent director and Auditor as follow:
We are here today to seek the truth the whole truth and nothing but the truth so help us god. If there is any fraud committed, it is our duty and responsibility to put an end to such practices. Let us uphold justices, integrity and have compassion to the suffering of other. The truth and justice shall prevail.
The struggle for truth and justices continuous, as someone had told me, we alone cannot change the many wrongs of this world overnight so be patient and have faith that good will finally triumph over evil. I shouldn’t give up; I shall persist, have courage and perseverance till the end.
I will make appointment with Bursa to consult Bursa official on what actions I can take?
Thank you

Posted by Sslee > 2017-06-11 09:15 | Report Abuse

5. Investing public still believing with regulatory oversight and external audit no one can fake cash and bank balance?
6. Mr. Koon Yew Yin for his investment writes up on Xingquan in i3 blog?

Posted by CharlesT > 2017-06-11 09:45 | Report Abuse

7.Mr.Koon's auditor cousin?

Posted by stockmanmy > 2017-06-11 09:57 | Report Abuse

I will make appointment with Bursa to consult Bursa official on what actions I can take?
Thank you

yes , do that.

Malaysia needs an activist culture if the authorities sleep on the job.

conman wins in a no eye see culture.

Posted by stockmanmy > 2017-06-11 10:03 | Report Abuse

the Edge just point out that the Xin Quan IPO raised $ 186 million from Malaysia...Chinaman wins big, that plus the rights issue.

People still talk about auditor. But this has nothing to do with auditor . The company did not go bankrupt. This is a multi year fraud to cheat money from Malaysian and then asset strip the listed company.

Posted by CharlesT > 2017-06-11 12:47 | Report Abuse

Auditor cousin convinced koon that their cash was real n then koon convinced many here that cash was real....

Posted by VenFx > 2017-06-11 13:01 | Report Abuse

Hong Leong bank 's Quek was once being the strategic investors during the ipo.
Within a 6 months time frame , quek sold all his stake .
I think he smell something...
老千 的确通过 各种管道 加上 利用 明人效应 来 行骗。

Posted by VenFx > 2017-06-11 13:03 | Report Abuse

What the fak is SC doing ? Gaji buta and waiting for pencen only ?

Posted by VenFx > 2017-06-11 13:09 | Report Abuse

SC suppose the guardian of our hard earn investment money.
And there will be no mercy allowed to those committed fraud in Bursa.

Regardless of Color skin or Nation. Go to China and cacth this ashole ....

Posted by Apollo Ang > 2017-06-11 15:17 | Report Abuse

SC didn't extend taxmax warrants expiry date cited tadmax a loss making company. now can approve tadmax issue rights and new warrants.SC can know how people holding how much stocks in a particular company.penipu besar sc and bursa

Posted by stockmanmy > 2017-06-11 15:23 | Report Abuse

the cash is real enough.....but as far as Chinaman is concerned, what is his is his, what is Xin Quan is also his.


CharlesT > Jun 11, 2017 12:47 PM | Report Abuse

Auditor cousin convinced koon that their cash was real n then koon convinced many here that cash was real....

Posted by confuse > 2017-06-11 15:25 | Report Abuse

Major shareholder and KYY never sell who cut loss? Why no Bursa announcement who sell?

Posted by confuse > 2017-06-11 15:27 | Report Abuse

Agree. Must vote Pakatan and kick all SC, Bursa top men out in GE 14.

Posted by VenFx > Jun 11, 2017 01:03 PM | Report Abuse
What the fak is SC doing ? Gaji buta and waiting for pencen only ?

Posted by confuse > 2017-06-11 15:30 | Report Abuse

Is short selling behind China counters plunge? Why no announcement who do selling?

Posted by stockmanmy > Jun 11, 2017 09:57 AM | Report Abuse
I will make appointment with Bursa to consult Bursa official on what actions I can take?
Thank you
yes , do that.
Malaysia needs an activist culture if the authorities sleep on the job.
conman wins in a no eye see culture.