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Latest Forum Topics / China Hongxing  Post Reply
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StopChinaHX
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09-Mar-2018 09:45     
 
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 Alert Admin 		I have written to the SIAS admin for advice and guidance on this matter, waiting for their reply.

"
Dear SIAS officer/mdm,
 
This  is regarding the SGX listed China company - China HongXing (which was suspended for few years).
 
The Wu family is trying to call an AGM and buy the company shares at only 0.0016SGD per share, which is only 1% of it' s real value!!! (the price right before suspend was 0.11~0.12SGD).
 
The SG local investors are plan to unite together and vote against the proposal during the AGM on 28 Mar 2018.    But we are lack of accounting and legal knowledge, and also not familiar with the process. So would like to seek your advice and guidance on this matter.
 
Btw, Why after so many issues with China company listed here in SG, SGX has still taking no action to protect the local investors and allow the company owners walk away without any penalty!!
 
 
Company link:
 
 
Company announcement on SGX:
 
Discussion on famous local website  sharejunction.com:


Fataaa      ( Date: 08-Mar-2018 23:59) Posted:

The best way is to form a group and perhaps approach SIAS, http://www.sias.org.sg,  for assistance. Using social media to complaint to SGX and CH may be another avenue. Wonder if XI JingPing got a social media account? Haha.
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StopChinaHX
Member
09-Mar-2018 09:34     
 
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 Alert Admin 		Do you still keep any link or info how they did it?  Btw, I heard few months ago, the Sabana REIT also did something to call a AGM and vote out the management, and force the CEO to resign?

ysh2006      ( Date: 09-Mar-2018 07:42) Posted:

Like Aztech need a good leader to come out to lead ...if not the mgt will win and return us peanut monkey to eat....time is against us!!

newbieliu      ( Date: 09-Mar-2018 00:03) Posted:

please let us know if u guys are free one of the weekend in town to pass the form to a person who can  help us submit it together? I lost some hard earned money in worst scenario and hopefully anyone here is capable of writing to the SGX or news like someone in Midas last time
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StopChinaHX
Member
09-Mar-2018 09:26     
 
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 Alert Admin 		So if we vote no, it will just be suspended right? 
Btw, how many people here like to vote against the Wu' s proposal?
Under what condition we are able to reject this proposal during the AGM?
What is the % of shares we need?  If any guru here or familiar with finance/accounting/legal things, can you please share your advice?

Btw, I have created a facebook page as below, can you all go and like the page and forward to your all of your friends, so that in case some small share holders didn' t even notice this AGM, they can reach and join us together to vote against the mgt.  Or we can create a event online or offline, or at least can pass the proxy forms to someone who is going to attend.

https://www.facebook.com/Lets-stop-China-HongXing-1976924089223612/

We can invite more people/share holders to discuss on the facebook and show the public what the Wu familiy is trying to do to the small share holders in SG, even though they still have a super big business in China!!
 

ysh2006      ( Date: 08-Mar-2018 20:55) Posted:

Supposed if vote yes take back one two hundred dollars in exchange for our shares if vote no our shares just continue suspended only waiting for another white knight to come ....maybe can fetch a better price like Aztech ...shareholders group together and vs the mgt to squeeze more dividends and better GO price etc...

StopChinaHX      ( Date: 08-Mar-2018 20:09) Posted:

First, may I ask, what is the best case and worst case if we vote or vote against the proposal? Anyone can explain a bit more? 
  • Vote yes or don&rsquo t vote
    • Best case?
    • Worst case?
  • Vote no
    • ​ Best case?
    • Worst case?
Thank
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ysh2006
Supreme
09-Mar-2018 08:02     
 
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 Alert Admin 		Three years ago this coy announced that a whiteknight willing to GO the coy maybe at half price the last traded price sonething like that but later no news ?

ysh2006      ( Date: 09-Mar-2018 07:42) Posted:

Like Aztech need a good leader to come out to lead ...if not the mgt will win and return us peanut monkey to eat....time is against us!!

newbieliu      ( Date: 09-Mar-2018 00:03) Posted:

please let us know if u guys are free one of the weekend in town to pass the form to a person who can  help us submit it together? I lost some hard earned money in worst scenario and hopefully anyone here is capable of writing to the SGX or news like someone in Midas last time
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ysh2006
Supreme
09-Mar-2018 07:42     
 
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 Alert Admin 		Like Aztech need a good leader to come out to lead ...if not the mgt will win and return us peanut monkey to eat....time is against us!!

newbieliu      ( Date: 09-Mar-2018 00:03) Posted:

please let us know if u guys are free one of the weekend in town to pass the form to a person who can  help us submit it together? I lost some hard earned money in worst scenario and hopefully anyone here is capable of writing to the SGX or news like someone in Midas last time.

ysh2006      ( Date: 08-Mar-2018 20:55) Posted:

Supposed if vote yes take back one two hundred dollars in exchange for our shares if vote no our shares just continue suspended only waiting for another white knight to come ....maybe can fetch a better price like Aztech ...shareholders group together and vs the mgt to squeeze more dividends and better GO price etc..
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newbieliu
Elite
09-Mar-2018 00:03     
 
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 Alert Admin 		please let us know if u guys are free one of the weekend in town to pass the form to a person who can  help us submit it together? I lost some hard earned money in worst scenario and hopefully anyone here is capable of writing to the SGX or news like someone in Midas last time.

ysh2006      ( Date: 08-Mar-2018 20:55) Posted:

Supposed if vote yes take back one two hundred dollars in exchange for our shares if vote no our shares just continue suspended only waiting for another white knight to come ....maybe can fetch a better price like Aztech ...shareholders group together and vs the mgt to squeeze more dividends and better GO price etc...

StopChinaHX      ( Date: 08-Mar-2018 20:09) Posted:

First, may I ask, what is the best case and worst case if we vote or vote against the proposal? Anyone can explain a bit more? 
  • Vote yes or don&rsquo t vote
    • Best case?
    • Worst case?
  • Vote no
    • ​ Best case?
    • Worst case?
Thank
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Fataaa
Senior
08-Mar-2018 23:59     
 
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 Alert Admin 		The best way is to form a group and perhaps approach SIAS, http://www.sias.org.sg,  for assistance. Using social media to complaint to SGX and CH may be another avenue. Wonder if XI JingPing got a social media account? Haha.
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ysh2006
Supreme
08-Mar-2018 20:55     
 
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 Alert Admin 		Supposed if vote yes take back one two hundred dollars in exchange for our shares if vote no our shares just continue suspended only waiting for another white knight to come ....maybe can fetch a better price like Aztech ...shareholders group together and vs the mgt to squeeze more dividends and better GO price etc...

StopChinaHX      ( Date: 08-Mar-2018 20:09) Posted:

First, may I ask, what is the best case and worst case if we vote or vote against the proposal? Anyone can explain a bit more? 
  • Vote yes or don&rsquo t vote
    • Best case?
    • Worst case?
  • Vote no
    • ​ Best case?
    • Worst case?
Thanks

ysh2006      ( Date: 08-Mar-2018 19:35) Posted:

This case kindly appoint one or two persons who will be going we can proxiy him to vote for us!!...the person can give indicate name nric and address PM us we will proxy you to vote for us!
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StopChinaHX
Member
08-Mar-2018 20:09     
 
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 Alert Admin
First, may I ask, what is the best case and worst case if we vote or vote against the proposal? Anyone can explain a bit more? 
  • Vote yes or don&rsquo t vote
    • Best case?
    • Worst case?
  • Vote no
    • ​ Best case?
    • Worst case?
Thanks

ysh2006      ( Date: 08-Mar-2018 19:35) Posted:

This case kindly appoint one or two persons who will be going we can proxiy him to vote for us!!...the person can give indicate name nric and address PM us we will proxy you to vote for us!!

StopChinaHX      ( Date: 08-Mar-2018 18:20) Posted:

Do we have anyone familiar with accounting or legal issues?  Also, what is the NAV and P/B of China HongXing now?

I have created a webpage on facebook, maybe you all can post your comments there and also foward the link or share with your facebook friends.
Let' s try to get more people who may not aware of this. 

https://www.facebook.com/Lets-stop-China-HongXing-1976924089223612/
 
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ysh2006
Supreme
08-Mar-2018 19:35     
 
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 Alert Admin 		This case kindly appoint one or two persons who will be going we can proxiy him to vote for us!!...the person can give indicate name nric and address PM us we will proxy you to vote for us!!

StopChinaHX      ( Date: 08-Mar-2018 18:20) Posted:

Do we have anyone familiar with accounting or legal issues?  Also, what is the NAV and P/B of China HongXing now?

I have created a webpage on facebook, maybe you all can post your comments there and also foward the link or share with your facebook friends.
Let' s try to get more people who may not aware of this. 

https://www.facebook.com/Lets-stop-China-HongXing-1976924089223612/
 

noskcaj      ( Date: 08-Mar-2018 12:32) Posted:

Hi,
I believe there' re many here who cannot make it down for the SGM on 28th Morning, but wishes to block the proposal - myself included. It' ll be a great waste if our votes do not count due to our absence.
Is there anyone here who will be attending and willing to share the required details so that we can appoint as proxy?
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StopChinaHX
Member
08-Mar-2018 18:20     
 
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 Alert Admin 		Do we have anyone familiar with accounting or legal issues?  Also, what is the NAV and P/B of China HongXing now?

I have created a webpage on facebook, maybe you all can post your comments there and also foward the link or share with your facebook friends.
Let' s try to get more people who may not aware of this. 

https://www.facebook.com/Lets-stop-China-HongXing-1976924089223612/
 

noskcaj      ( Date: 08-Mar-2018 12:32) Posted:

Hi,
I believe there' re many here who cannot make it down for the SGM on 28th Morning, but wishes to block the proposal - myself included. It' ll be a great waste if our votes do not count due to our absence.
Is there anyone here who will be attending and willing to share the required details so that we can appoint as proxy?
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huathuat88888
Elite
08-Mar-2018 17:42     
 
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 Alert Admin 		Watch out for Sino Grandness. No matter how they play, Huang SURE WIN.

Just that some Singaporean retailers very stubborn and believe in Huang beatiful stories. E.g. HK IPO...etc

Or money used for expansions.

Or profits dont use to redeem high interest bonds.

Or profits a lot PE low but did not give out any dividends and YET still ask for more $ from retailers via Rights Issue.



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usemyproperties
Member
08-Mar-2018 17:33     
 
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 Alert Admin 		SGX has been listing many china companies for the past 15years leaving all the commoners hard earn money inot the hands of the PRC.

  SGX and MAS ruling, they only know how to control the Singaporean . The PRC bully us and all our money had been sqauntered
away with so much and so very often but MAS and SGX  couldnt do much. They introduce corporate gornance with independent directors and collect Directors fee
and yet there wasnt any improvement.

Why didnt they ban all those that bust their companies in Spore , barred them from entering Spore even as tourist or buying properties in Spore.
Almost all the S chip close down or suspended, SGX had been listing companies that robbed Singaporean hard earned money for many years.

Can SGX or MAS be forgiven?     

sbscap      ( Date: 30-Jan-2018 15:14) Posted:

China Hongxing (" Big Shit" ). This is the seasonal busy shopping period in China and I happened to be in 6 different cities in two provinces over a two-week period from mid-Jan. Surprise, surprise ... Big Shit' s (China Hongxing' s) Erke is really a nice brand. The apparel is modern, attractive, superior in quality and priced attractively relative to the top Chinese brands. I' m in the retail business by the way, so I have a tiny bit of authority when I say Erke products look good. Another surprise ... there are people buying. The crowd in Erke' s store is indistinguishable from those of the other top brands. In fact, I begin to notice people wearing Erke jackets and shoes in the trains and subways. And these people wearing Erke' s products are young working adults. Another surprise is the Erke building. It is next to the building of The Peak (HKSE-listed and delisted last year) in Xiamen in a location pretty much like our MBFC in Singapore. In fact the various tall buildings in this area looks very much like the tall dark glass buildings in MBFC. It is about 200m from the beach. Wow. I was told the buildings are at least RMB1b each and no one is selling. The Big Shit hasn' t published any annual report for ages so I can' t tell if the billion-dollar building belongs to the poor shareholders. Nevermind. It will go to someone else anyway. And for those who didn' t know, the Chairman of the Big Shit until recently, Mr Wu Rongguang, is a member of the Xiamen 人 大 (people' s representative congress), which a very high level position. Another surprise is that if you go and search for the ex-Chairman of Big Shit in baidu, you will get a writeup of him and of course about Erke. BUT YOU WILL NOT KNOW THE BIG SHIT HAS BEEN SUSPENDED IN SINGAPORE FOR YEARS. And so us poor shareholders will never know how we end up shitting until our bone marrows came out of our body. There is no recourse. Because this is SGX. History will repeat.
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noskcaj
Member
08-Mar-2018 12:32     
 
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 Alert Admin 		Hi,
I believe there' re many here who cannot make it down for the SGM on 28th Morning, but wishes to block the proposal - myself included. It' ll be a great waste if our votes do not count due to our absence.
Is there anyone here who will be attending and willing to share the required details so that we can appoint as proxy?
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TraderBen
Supreme
07-Mar-2018 16:00     
 
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 Alert Admin 		Jiak LANG ah!!
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whymee
Veteran
07-Mar-2018 15:42     
 
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 Alert Admin 		Before suspend the price was at 0.11 !   0.0016 unreasonable ! 
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xerces
Member
07-Mar-2018 15:19     
 
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 Alert Admin 		Everyone just come to the meeting on 28 March morning at RELC International Hotel level 1 and 2, 30 Orange Grove Road. Together we can stop their nonsense.
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ysh2006
Supreme
07-Mar-2018 13:30     
 
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 Alert Admin 		Form a social media group to fight them out!!

xerces      ( Date: 07-Mar-2018 13:20) Posted:

Yeap... $192. Its like calling all Singaporean stupid who is vested in this shares and still take back the company.
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xerces
Member
07-Mar-2018 13:20     
 
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 Alert Admin 		Yeap... $192. Its like calling all Singaporean stupid who is vested in this shares and still take back the company.
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lingua101
Veteran
07-Mar-2018 12:00     
 
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 Alert Admin 		so i will not even get $200 for my 120,000 shares?
 

dyingcat      ( Date: 07-Mar-2018 08:33) Posted:

It is 0.0016, Not 0.016. We can only get back 1%.

newbieliu      ( Date: 07-Mar-2018 08:29) Posted:

Huh 0.016 a share compared with the last trading price of over 0.100 ????!!

Really must vote the out
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