The Board of Directors of XiDeLang Holdings Ltd (“XDL” or “the Company”) wishes to announce that the Company has on 30 November 2017 approved to establish a dividend policy commencing for the financial year ending 31 December 2017 whereby 20% of the Company’s profit after tax, excluding exceptional items, will be distributed to its shareholders as dividend payment.
The declaration and payment of dividend is after taking into account:As XDL is an investment holding company, the Company’s income is dependent upon the dividends and other distributions that the Company receives from its subsidiaries. Therefore, the Company’s ability to pay dividends will be dependent on, inter alia, the following factors:-
1, The level of available cash and cash equivalents;
2. Return on equity and available retained earnings; and
3. The projected levels of capital expenditure and other investment plans.
The dividend policy is to allow our shareholders to participate in the Company’s profits, as well as to retain adequate reserves for our future growth.
thanks JK for the info, it looks like you have explained the good QR and news no longer attract people into this counter. I think I will cut loss, the more info I dig into this counter tell me it is very dangerous
I did warn people again and again and some people even say I am having bad mouth. reducing my holding from 500K to 250K. This counter has high risk as above announcement show that XDL management go back his own words, no dividen pay out since last 2 years despite profit every QR
The above Company has failed to submit its Annual Report that includes the annual audited financial statements together with the auditors' and directors' reports in respect of the financial year ended 31 December 2015 ("AR 2015") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe i.e. 30 April 2016, pursuant to paragraph 9.23(1) of Bursa Securities' Main Market Listing Requirements ("LR").
Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes stated in Paragraph 9.23(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.
In view of the above and in the event that MAXWELL is unable to submit the outstanding AR 2015 on or before 9 May 2016, the trading in the above Company's securities will be suspended with effect from 9.00 am, Tuesday, 10 May 2016 until further notice.
Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take; de-listing procedures shall be commenced against such listed issuer 19/06/2020 8:27 AM X limhong https://www.theedgemarkets.com/article/three-chinabased-companies-found-giving-false-financial-statements-bursa 19/06/2020 8:28 AM
Take precautions if you are taking long term bet, this counter is one of the china counter doing SAME BIZ as sudden bankruptcy of CHINA STATIONERY LIMITED, MAXWELL INTERNATIONAL HOLDINGS AND MSPORTS
yes, lim. we have been warned over and over again by above Chinese counters. Actually we hope for exception on this counter as not all apple is bad apple. But the 2 years ago new on the XDL dividend policy really trouble me. It shows that XDL management does not honor their own promise. This is a really bad sign.
Many want to exit this counter now queuing at 6.5sen, 7sen,7.5sen, but no big buyers do the shopping. The big sharks also trapped in, but they can breathe by moving left to right, left again pinned down on new buyers unsuspectingly jump in.
Since many bad impression on China company, BURSA shall focus and zoom into XDL audit report, to clear the doubt and give statement to convince investor, either real or fake, if real, then it is safe to hold, if fake, then run for your life......
Due to Covid pandemic - Bursa gives 12 months of relief to all companies. It means it will only classify as PN17 in July 2021 if the company still making losses or not restructure.
Tomorrow before opening clock, queu at 6sen, the possible selling flash point, in no time may taken up. Now, more than 1 million queuing at 5.5 sen likely mostly big sharks too, in case other big sharks overdumps 6sen and overflows to 5.5sen, collected by their teammates.
Yup...big shark is parking at 5.5 cents for quite long time already, collect many tickets at lowest price patiently, waiting for the good news to burst.....those can't hold longer will be desserts for the shark....
Need good news release first before jump....production of PPE is coming? Receive big order......good second Qtr result or distribute dividend? Any good news will burst this little baby to heaven....but need to be much much more patient...Q to collect at 0.055 is hardly to match....so price will maintained 0.06 before it's turn to fly
Either delisted (due to fake report) or fly to heaven (due to real profit) very soon....no more stagnant at 0.06 after August2020. You choose to hold or cut lost? Really gambling now
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....
cyclops80
155 posts
Posted by cyclops80 > 2020-07-07 09:30 | Report Abuse
need 10am magic to push up 11