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20-May-2021 16:29

China Sports / PLACEMENT to some CHINA BLUE CHIPS DIRECTOR

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Last release in nov2017, 1st quarter revenue is at a lost of 12.6millions, after that it went into Juricial Management. No matter how bad it perform the 3.5yrs in the process of closing down and find new investor should not result in 463.1 Million Net Asset from evaporated.
How much are Juricial Management payment? where did all the remaining Net Asset go?? still required individual share holder to pay for the share certificated delivery?

SGX take more than 3yrs and 5mths to delisted it. SGX rules books Rule 1304, which SGX have the rights to delisted the company in 12mths and the implemented of resume proposal not complete by 6mths after the proposal, SGX also have the right to delisted the company, but both are rules are hit but China Sports is still not delisted. SGX have waived and provide extension of time 6times.
If Rule 1304 is exercise, Rule 1306, mention rule 1308 and rule 1309 must be comply.

From SGX Annoucement, it is indicated the issue of the release notice for delistment is by China Sport.

Under Rulebook 1309 of SGX,
If an issuer is seeking to delist from the Exchange:&mdash
(1) an exit offer must be made to the issuer' s shareholders and holders of any other classes of listed securities to be delisted. The exit offer must:
(a) be fair and reasonable and
(b) include a cash alternative as the default alternative and
(2) the issuer must appoint an independent financial adviser to advise on the exit offer and the independent financial adviser must opine that the exit offer is fair and reasonable.

There are no exit offer provided, neither is there an independent financial adviser engaged.

Rule 1308 can bypass Rule 1309,1307
a) voluntary liquidation
b) an offer under the Takeover Code provided that the offeror is exercising its right of compulsory acquisition
c) a delisting pursuant to a scheme of arrangement. (Rule 1307 only)

For China Sport,
a) there is no liquidation done, no liquidation report provided to the shareholder.
b) there is no compulsory acquisition
c) there is scheme meeting conducted by Judicial Management Committee, the scheme of arrangement was supposed to be release not more than 6wks from 1 March2021.
Beside that Rule 1307, it is also the not applicable as there is no shareholder voting which 75% need to approve on the scheme.

So for China Sport case is it based on Rule 1304, which SGX exercise their power after 2yr 5mths delay. but did not ensure rule 1306, 1308 and 1309 which protect the investor interested.

Or it is the issuer seeking for delisted which is as per SGX annoucement website, but did not follow Rule 1307, 1308 nor 1309 delisted rules that protect the shareholder interested.

Which is why I see as regulatory issue? Investor interested are just being ignored.

Thi654321ABCDEF ( Date: 20-May-2021 15:45) Posted:

If the companey not doing well for1 or 2 years , then they must sell then we will get something . This not happening.
Companies not doing well also drag , drag , drag untill zero value , issue rights , then suspend.

Thi654321ABCDEF ( Date: 20-May-2021 15:41) Posted:

like this many chinese companies in SGX.
Many companies suspended suddenly. After that no news.
You must think first possible suspension stock of before buying china stock. Stock looks very good but inside you donot know

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20-May-2021 11:27

China Sports / PLACEMENT to some CHINA BLUE CHIPS DIRECTOR

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Is this a failure in SGX as a front-line regulator and operator of the securities and derivatives market and protect the shareholder that invested in SGX regulated shares?

The following are facts that I retrieve from the China Sport Delisting incident, pls identify if some of the information are not correct.

Can you imagine how much investor loss during just one regulatory issue?

China Sports Intl. Ltd. Listing History Line.
Total Amount of Money suck= 0.8*691.2+0.1*168.4+0.2138*120+0.009*192 = 597million SGD

18 Jul 2007 - Listed in SGX MainBoard @ SGD0.8 with 691.2million shares
15 Sep 2009 - 168.4Millions Rights issue @ SGD0.1
22 Jan 2010 - 120Millions Shares placement @SGD0.2138
18 Apr 2016 - Transfer to Catalist
27 Apr 2016 - 192Millions Shares placement @SGD0.009
17 Nov 2017 - Q1 Financial Report (last report seen under SGX annoucement) which report of 463.1million RMB Net Assets, which is equivalent to 41.2RMB cts.
27 Nov 2017 - Trading Halt requested by China Sport and released by SGX.
4 Dec 2017 - Suspension of Trade requested by China Sport and released by SGX.
19 Apr 2018 - China Sports board appointed and filing interim Judicial Management(Deloitte & Touche LLP) to the court released by SGX.
27 Jul 2018 - Interim Judicial Management approved by the court released by SGX.
11 May 2021 - Mandatory delisting of China Sport on 14 May 2021, is shareholder want the share certificated need to approach Deloitte & Touche LLP (Judicial Management company) as their own cost.

1. From last financial report in 17 Nov 2017 till delisted, there is no Financial report release nor audit done by SGX till now. So what is the regulator and operator role that by SGX between company and shareholder that ensure protection of minority interested.
2. SGX as the regulator and operator allow China Sport to self appoint a third party, which is not reporting to Shareholder and SGX on the finacial status for more than 3 years, and allowing the delisting with zero cents without proper address to the issue?
3. Why are there Franchise of Yeli Brand (China Sports owned) shoes which is still available on the search on 21 May 2021?
野力运动鞋加盟野力运动鞋代理加盟费多少电话 -商机品牌网 (zgxf.org)
What did SGX did to protect and ensure the Shareholder interest?????

fatpanda ( Date: 11-May-2021 23:21) Posted:

This is what the shareholders have after the donkey years of " settlement" with the mainland Chinese under the " rules/laws" of the " little red dot" , not even a " share certificate " that would deliver to shareholders and can be used as the " wall paper" in the toilet.

Not even a " cent" left to the company shareholders....

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21-Jun-2017 06:27

Ying Li Intl / capitaland maybe interested in YINGLI

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http://world.xiejing.com/asia/n1706201497924461276141.html

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06-Jun-2017 07:10

Ying Li Intl / capitaland maybe interested in YINGLI

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Now 0.142 is a resistance to be cross over before the next resistance at 0.194

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05-Jun-2017 06:54

Ying Li Intl / capitaland maybe interested in YINGLI

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http://news.uc.cn/a_625869362837620836/
â??In the month of may commercial building start to take lead.

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25-May-2017 07:13

Ying Li Intl / capitaland maybe interested in YINGLI

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http://gegu.xiejing.com/dianjing/n1705241495595586265173.html

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21-May-2017 10:09

Ying Li Intl / capitaland maybe interested in YINGLI

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Look like Cowabunga have make his/her effort to short down the counter for us to get in cheaper.

	Price Range	Volume		Short Sell %	Short sell
	Price Range	Short Sell	Total	Short Sell %	Total price	Unit price
05-May-17	0.142-0.144	76,100	660,000	11.53%	$10,878.4	$0.143
08-May-17	0.142-0.143	130,100	340,000	38.26%	$18,558.9	$0.143
09-May-17	0.141-0.143	400,200	1,320,000	30.32%	$56,904.7	$0.142
11-May-17	0.141-0.143	205,300	1,470,000	13.97%	$29,066.1	$0.142
12-May-17	0.138-0.14	280,300	2,500,000	11.21%	$38,834.0	$0.139
15-May-17	0.135-0.138	271,500	1,610,000	16.86%	$36,883.3	$0.136
16-May-17	0.127-0.135	2,780,900	5,240,000	53.07%	$363,886.8	$0.131
17-May-17	0.129-0.13	653,400	2,710,000	24.11%	$85,304.3	$0.131
18-May-17	0.128-0.133	374,200	4,160,000	9.00%	$49,174.7	$0.131
19-May-17	0.129-0.133	607,000	2,600,000	23.35%	$79,023.9	$0.130

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21-May-2017 08:50

Ying Li Intl / capitaland maybe interested in YINGLI

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Chongqing property continue to be hot...
http://news.uc.cn/a_13618068094340535420/

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12-May-2017 13:03

Ying Li Intl / capitaland maybe interested in YINGLI

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So you short again.

cowabunga ( Date: 12-May-2017 12:31) Posted:

Under 14cts as predicted..... ha ha ha

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11-May-2017 13:09

Ying Li Intl / capitaland maybe interested in YINGLI

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Thus, 67%is seller33%shorted, the price still go up slightly. This 33% will need to buyback somehow down the road

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11-May-2017 12:55

Ying Li Intl / capitaland maybe interested in YINGLI

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Last Tuesday, total 440k shorted.

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08-May-2017 07:16

Ying Li Intl / capitaland maybe interested in YINGLI

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http://www.mrcjcn.com/n/223017.html

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04-May-2017 20:54

Ying Li Intl / capitaland maybe interested in YINGLI

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???If you don`t short then you must be out of mind to post those posting. God bless you, hope you speedy recovery.

cowabunga ( Date: 04-May-2017 12:35) Posted:

I don't short even though Yingli is a lousy con stock.

cheongsl ( Date: 04-May-2017 07:03) Posted:

So you have short since 26cts must have earn alot from persuading people to sell.

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04-May-2017 07:19

Ying Li Intl / capitaland maybe interested in YINGLI

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Yingli property is in the main city area of chongqing, there is definitely some reason for yingli to speed up its building process, which last financial report they incure more building cost. just to capture this round of sharp incline in property price in chong qing

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04-May-2017 07:15

Ying Li Intl / capitaland maybe interested in YINGLI

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http://newhouse.cq.fang.com/2017-05-03/25114900.htm

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04-May-2017 07:03

Ying Li Intl / capitaland maybe interested in YINGLI

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So you have short since 26cts must have earn alot from persuading people to sell.

cowabunga ( Date: 03-May-2017 08:43) Posted:

There is another iron teeth forumer by nick of Rosesyrup. I called for a sell at 26cts and she also persisted like you. Likely she died pain pain already, no sound from her all these months.

cheongsl ( Date: 03-May-2017 08:29) Posted:

Listen to you so that you can recover from your short sell? There is no post from you from early Apr till now when the price is retracting, but yesterday price start to move up four cents and you start to panic call for sell

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03-May-2017 08:29

Ying Li Intl / capitaland maybe interested in YINGLI

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cowabunga ( Date: 03-May-2017 08:17) Posted:

Wise up. Sell Yingli now before it retraces again and goes under 10cts. I already warned at 17+ cts that it will nudge down and some folks laughed at me, saying it will hit 18cts in no time. And where is Yingli now? (To rub salt to the wound, I also warned that Yingli will trend downwards below 20cts when it was at 25cts and folks were shouting 28cts since Everbright got buy sure good buy. More like good bye.

HuathuatLeo ( Date: 03-May-2017 08:03) Posted:

FO cowabunga. Get buried somewhere. Your stocks also ham kar chan.

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03-May-2017 07:11

Ying Li Intl / capitaland maybe interested in YINGLI

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chongqing houses price start to increase in January 2017 onwards. It is very stable for more than 10 years although other major city housing raise in crazy manner. Chong Qing is one of the four municipal beside beijing, tianjin, shanghai, but it price is lower than the other 3 municipal and even lower than some of the second tier or third tier city. By right it housing price should be following other cities, but for more than 10years due to the governor ï¼?é»?å¥?å¸?ï¼? policy the housing price have been very stable, that is the reason yingli which major focus of housing also have minimum earning since listed in SGX. This year with the leaving of huang as governor, the housing price start to raise, how far can it be raising is ?? but definitely Yingli which have the main pieces of land developing in chongqing will be the main beneficiary for this round of housing price rises.

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25-Jan-2017 08:37

Ying Li Intl / capitaland maybe interested in YINGLI

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Yesterday mainly by short seller follow by panic seller, yo7 can check the short sell report which average is around 0.168 for the 108lots, but Monday short sell is 2190lots around .173. previous high volume is on last Wednesday which is also 1000+ lots around .165

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11-Nov-2016 07:31

Ying Li Intl / capitaland maybe interested in YINGLI

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The other two soho tower there is no sales data release which also keep the ?? revenue it would be expecting.

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