Today drop. Is normal. Market. Effect. Today many share also drop. 狼is狼,it worth 20 cents, then will go 20 cent, worth 30 cent then go 30 cent. Suggest buy low Today and sell high next month.
Buybuybuy88 KUALA LUMPUR (Aug 11): The High Court has set aside sanctions imposed on audit firm Afrizan Tarmili Khairul Azhar (AFTAAS) by the Securities Commission Malaysia's (SC) Audit Oversight Board (AOB) for alleged non-compliance with auditing standards. The AOB had also prohibited AFTAAS and its partners from accepting new clients since Nov 25 last year.
Yesterday, High Court Justice Datuk Seri Mariana Yahya allowed the firm along with its partners Datuk Mohd Afrizan Husain, Tamili Dulah Kusni, Khairul Azahar Ariffin judicial review application against the SC's decision to sanction the firm.
In addition, Justice Mariana ordered the commission to pay RM15,000 costs to the accounting firm and directed that damages be assessed by the court.
Besides seeking to quash the SC decision in its judicial review application, the firm and three partners are also seeking a stay of all steps, acts and things done by the AOB and the SC under Part Part IIIA of the Securities Commission Malaysia Act 1993 against them until the final determination of its application.
They are also seeking a declaration that all steps, acts and things done by the AOB and the SC against them in furtherance to Findings in the Final Inspection Report dated May 31, 2019 under its powers in Part IIIA of the Securities Commission Malaysia Act 1993 are ultra vires, wrongful, null and void.
Yesterday's decision was confirmed by the firm's counsel David Matthews to theedgemarkets.com who appeared together with Sukhvinder Singh.
On Nov 25, the SC announced that AOB had prohibited the audit firm and its partners from accepting clients and auditing public interest entities or scheduled funds, for 12 months.
The partners involved are Mohd Afrizan, Tarmili and Khairul Azahar. In addition to the prohibition, the AOB imposed fines of RM455,000 on the firm, and RM88,000 each on Mohd Afrizan and Khairul Azahar respectively.
However, it is understood that they got a stay on paying the fine until the disposal of the judicial review.
The SC said the audit firm and its partners were sanctioned for several breaches involving non-compliance with auditing standards on fundamental and basic audit procedures, which affected key financial statement line items including inventories, revenue, cost of goods sold and trade receivables.
It was reported in theedgemarkets.com that several firms XiDeLang Holdings Ltd and Zelan Bhd announced last December that AFTAAS had to resign from doing an audit on those two companies as a result of the sanctions.
Meanwhile, it is understood that the SC have applied for a stay of yesterday's decision pending its proposed appeal to the Court of Appeal. 11/08/2020 2:21 PM
limhong Trade at your own risk - No audit report yet - Always make profit and high cash same as the bankrupted MSports, Maxwell, China Stationery, XingQuan, but collapsed within 1 day? - PPE? facility is not even ready.
CHINA Stationery Ltd (CSL) appears to have reached the end of the road as a public-listed company after five years on Bursa Malaysia. Trading in the China-based stationery maker’s shares was suspended on Dec 5 after it failed to furnish the regulator with the results for its third quarter ended Sept 30 (3QFY2017) within the stipulated time.
On the day before its suspension, CSL closed at one sen.
Bursa is slated to commence the delisting process against CSL six months from Nov 30 if the company does not meet its directive to release its 3QFY2017 results by then.
27/07/2020 10:50 AM X limhong Those haven't buy XDL, please do read into KLSE forum for 1. Maxwell International Holdings 2. Xing Quan 3. Msport 4. China Stationery Limited They share same characters as XDL - High cash, high NTA, high profit - never ever dare to use reputable auditors - From Jinjiang China - manufactured shoes - all owned by China conmen - all collapsed overnight due to FAKE AUDITED ACCOUNTS, XDL is the last not yet collapse
Warrant Buffet: the scariest investment is when you will lost all your capital. Think wisely, invest for your future and family but NOT GAMBLING. I have friends who are victim of Xingquan, Bursa just did not do anything to recover their money until today.
21/07/2020 12:26 PM X limhong This is a china stock, Bursa is very irresponsible did not claim back the money for a few collapsed China KLSE stocks in the past 5 years. See below.
I knew some of the investors, today they lost all their capital as authorities did not do any effort to penalise the culprits. All cock talkers here, keep saying china shooting team and auditors.
If you read the 5 great collapse of china stocks, you will realise the danger of XDL, all show similar attributes - high cash, strong balance sheet and profitable, eventually 1-day collapsed as the account is FAKE.
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-foun... 19/06/2020 8:28 AM X limhong The never ending fake accounts of china based apparel and shoes companies in JinJiang Fujian, XDL is one of them in JinJiang. Stay alert guys, this share is High risk, High return, but can lost everything too. The cash looks ridiculous, and they continue to hire unknown auditors to perform audit.... zZzZz 19/06/2020 8:32 AM X limhong XDL suddenly changes financial year end from Dec to Jun, but now not yet submit quarterly reporting. 05/08/2020 2:43 PM 06/08/2020 11:56 AM
Laugh die me, why alway come here to spread negative? Want buy low? If not worth, why alway come here? Tell u. Now already low. Think wise. Now low. After miss this chance. Wait next 10 years.
March, mco 0.06, press also can not down. Today 9 cent. Big market open soon. You want back to 6 cents? All want earn money. But timing. Timing important. Now what price u think worthy?
Welcome back Pennisstock or limhong, after XDL price up to above 0.14, you need to change your nickname again....from 5.5 cents already soar to 9-10 cents without news release.
Once good news release on PPE ready on market, do you think still maintain at 10cents.....
Come come penis or limhong whatever, don't bullship here, pls come out with new idea to scare people, your cut and paste old news already not laku here...can you be more creative?
luckin coffee listed 1yr, XDL listed 10 yrs. XDL was audited by a reputable international auditor BDO since listed in bursa until 2017 and it's accounts were clean. Pls use your brain a bit. ********************************************** BDO or Binder Dijker Otte is an international network of public accounting, tax, consulting and business advisory firms which perform professional services under the name of BDO. Wikipedia Revenue: 9.6 billion USD (2019) CEO: Keith Farlinger (Nov 1, 2017–) Headquarters: Zaventem, Belgium Number of employees: 80,087 (2018) Subsidiaries: BDO Deutsche Warentreuhand, BDO AG, BDO, BDO Becher & Asociados S.R.L., more Founders: Hans-Heinrich Otte, Hans Otte, Bernhard Binder
I get really irritated when people simply put stupid comments here. If cannot be useful, just f### off. Find other counters you like. Why stay here if you hate xdl.
They are not hate XDL, but purposely want to scare others, believe that they are investers from same industries (PPE) as XDL, so spoil the reputation of XDL to influence others to leave here and join their invested counters.
Where got investers has nothing to do and come here everyday to spread negative energy for your own good. We are not kids anymore, no need to play this low standard tactics. If you have any proof, no need to cut and paste old stories from other counter, your repeated strategies start to make people feel vomit and irritated.
In case of XLD, ESOS is mainly to reward its staff and directors other than fund rising. They can buy shares at lower price. That mean their staff know how XDL is manage..
The employees can be offered shares in the company in which they are employed or shares in the employer's holding company. ... Employee Share Option Schemes ('ESOS') –the employees are given the option(s) to purchase shares at a certain price, normally referred to as the offer price, over a specified period of time.
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....
char1234
5,299 posts
Posted by char1234 > 2020-08-11 18:18 | Report Abuse
shark run away ?? you could be right ??