| Latest Forum Topics / China Hongxing |
 Post Reply
|
|
What Next ?
|
|||||
|
look@bright
Elite |
22-Dec-2020 09:05
|
||||
|
x 0
x 0 Alert Admin |
if SGX can' t stop retailers can only avoid lol
|
||||
| Useful To Me Not Useful To Me | |||||
|
easywin
Supreme |
22-Dec-2020 08:57
|
||||
|
x 0
x 0 Alert Admin |
The only way is to stopped them to listings hehe.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
newbieliu
Elite |
22-Dec-2020 08:51
|
||||
|
x 0
x 0 Alert Admin |
i did too. lousy investment made in my early years sigh hard earned $$$ gone!
|
||||
| Useful To Me Not Useful To Me | |||||
|
look@bright
Elite |
22-Dec-2020 08:44
|
||||
|
x 0
x 0 Alert Admin |
I think that is why should avoid all chinese related listed stock. You can' t track their business genuinely. | ||||
| Useful To Me Not Useful To Me | |||||
|
lailai
Elite |
22-Dec-2020 08:18
|
||||
|
x 0
x 0 Alert Admin |
Looks like the only person and country that can do this is Trump and US. They are blacklisting a number of Chinese listed firms that do not follow US accounting standards. But what can SGX do, other than follow the Chinese accounting standards for China Hongxing. How can the highly successful multi buillion dollars biz Hongxing ERKE not be distributed to shareholders. Where has all the cash gone? Seems like in 2017, the ex-CEO Denis Wu offered to acquire all the company' s businesses for a miserly sum of $20.5mil. Has this been completed. Is that how the multi billion dollar Hongxing ERKE got removed from China Hongxing Sports to the Ex-CEO, leaving the company to be a shell worth almost nothing in dollars and value. From the Provisional Liquidator Wong Joo Wan, " it appears unlikely that there will be any return to the shareholders." How to justify that shareholders now will get nothing from a company, due for liquidation, that owns or once owns the highly successful multi billions dollars Hongxing ERKE??? 
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
des_khor
Supreme |
21-Dec-2020 20:59
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
||||
|
x 0
x 0 Alert Admin |
How to take action ? In China ? | ||||
| Useful To Me Not Useful To Me | |||||
|
easywin
Supreme |
21-Dec-2020 20:56
|
||||
|
x 0
x 0 Alert Admin |
Lodge a complaint to our world class SGX maybe can do something, if not complain to your MP and bring up to parliament to further address this issue | ||||
| Useful To Me Not Useful To Me | |||||
|
lailai
Elite |
21-Dec-2020 20:39
|
||||
|
x 0
x 0 Alert Admin |
Wonder whether anyone of u receive a letter from the Provisional Liquidator. Coy will not be making any Exit Offer proposal. Seems like the kongsi claim there is insufficient funds to pay creditors. Also unlikely that there will be any return to shareholders. What a joke. Its multi billion dollars worth of branded Erke biz in China, where has the cash disappeared.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Fataaa
Member |
19-Jul-2020 17:03
|
||||
|
x 0
x 0 Alert Admin |
I agree. Maybe we should petiton to finance minister. This a outright scam of Singapore citizens. | ||||
| Useful To Me Not Useful To Me | |||||
|
lailai
Elite |
19-Jul-2020 08:14
|
||||
|
x 0
x 0 Alert Admin |
WHERE IS THE CASH??? SGX should be taking some serious action. Cash siphoned and yet do nothing for shareholders. The amount of cash is enormous. SGX should bring them to court, instead of lingering and lingering for useless monthly report by the coy to turn the coy into a valueless mining coy. Quote to give an idea how much money it is worth, if Erke is just only one of their many products: " According to the " China' s 500 most valuable brand list" released last year by the world brand laboratory. In the selection, Hongxing Erke once again won the title of 500 strong, with a brand value of 31 billion 581 million yuan. It is worth noting that the brand value exceeds Lining (23 billion 454 million yuan), 331 degrees (14 billion 560 million yuan), and only second of Anta in the industry." Prof Mak has written a lot about China Hongxing long long ago. SGX should take the lead as regulator and bring CHX to task in court. Just opinion.
|
||||
| Useful To Me Not Useful To Me | |||||
|
josemmm123
Master |
18-Jul-2020 15:30
|
||||
|
x 0
x 0 Alert Admin |
Wow.. almost a decade has passed still talking about delisting? why sgx allow the company 9 years ?? should have kick the company off 2 years max.. 9 years!!!! is SGX sleeping? | ||||
| Useful To Me Not Useful To Me | |||||
|
Maller
Elite |
18-Jul-2020 15:03
|
||||
|
x 0
x 0 Alert Admin |
China hongxing, the one selling erke sports apparels? Thot business is good and the brand worth billions and has large biz in china?? As a shareholder i will say Cannot delist cheap??http://www.sjfzxm.com/global/en/569690.html | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
investhw
Member |
18-Jul-2020 12:18
|
||||
|
x 0
x 0 Alert Admin |
https://www.businesstimes.com.sg/companies-markets/china-taisan-china-hongxing-sports-to-delist-from-sgx Separately, China Hongxing Sports, which became a cash company in May 2018, has also received a notification of delisting from the Singapore bourse. Under the listing rules, SGX will remove an issuer if it is unable to meet the requirements for a new listing within 12 months from the time it becomes a cash company. China Hongxing was granted several extensions by SGX to meet this new listing requirement as it involved a proposed reverse takeover that could make gold mining the core business of the company instead. However, SGX noted that as at July 7, there is a " lack of information on the financials and viability of the mining assets to demonstrate that the proposed transaction meets the requirements for a new listing" . Therefore, SGX is unable to grant any further extension for China Hongxing to satisfy the requirements for a new listing and will direct it to be delisted. Among other things, China Hongxing noted that the Covid-19 pandemic has caused " severe disruptions" to the company trying to meet the conditions stated in the extensions granted by SGX. It added that the target company is also seeking to raise capital to secure sufficient funding to finance the proposed transaction and for its operations. Nonetheless, due to the lockdown in the Philippines and Singapore, potential investors have not been able to complete their site visits and due diligence process, while scheduled road shows for investors were also postponed. Shares in China Hongxing have been suspended and last traded in February 2011. According to the listing rules, both companies or their controlling shareholders will have to provide a " reasonable exit offer" to shareholders, and submit an exit offer proposal to SGX no later than one month from July 6, which is the date when they received the delisting notifications. |
||||
| Useful To Me Not Useful To Me | |||||
|
clouddragon
Member |
10-Sep-2019 19:30
|
||||
|
x 0
x 0 Alert Admin |
Found some interesting facts about mining in the Philippines as I was doing some research. www.youtube.com/watch?v=7mQnm4_H54Y |
||||
| Useful To Me Not Useful To Me | |||||
|
clouddragon
Member |
10-Sep-2019 19:25
|
||||
|
x 0
x 0 Alert Admin |
RTO target is putting key people in place. https://www.einnews.com/pr_news/492124483/mining-and-mineral-industries-holding-mmih-builds-up-its-leadership-team |
||||
| Useful To Me Not Useful To Me | |||||
|
bishalnb
Master |
26-Jul-2019 11:31
|
||||
|
x 0
x 0 Alert Admin |
CHINA HONGXING SPORTS LIMITED (Company Registration Number: 36746) (Incorporated in Bermuda) APPOINTMENT OF FINANCIAL ADVISER IN RELATION TO THE PROPOSED ACQUISTION BY THE COMPANY OF ALL THE ISSUED AND PAID-UP SHARE CAPITAL IN MMJV PTE. LTD. Unless otherwise defined herein, all capitalised terms used in this announcement shall have the same meanings as defined in the Company&rsquo s announcements dated 25 March 2019, 4 April 2019, 12 April 2019 and 31 May 2019 (the &ldquo Announcements&rdquo ) in respect of the Proposed Transaction. The Board of Directors (the &ldquo Board&rdquo ) of China Hongxing Sports Limited (the &ldquo Company&rdquo ) wishes to announce that ZICO Capital Pte. Ltd. has been appointed as financial adviser to the Company in respect of the Proposed Transaction. The Board also wishes to announce that the Company and the Vendors are in the process of finalising the appointment of the remaining relevant professionals, including but not limited to the foreign counsels, the reporting accountants, the internal auditors, independent valuer, qualified person and independent financial advisor. The Company will make appropriate update announcement(s) on the Proposed Transaction at the relevant time. As stated in the Announcements, the Proposed Transaction, if undertaken and completed, is expected to result in a reverse takeover (&ldquo RTO&rdquo ) of the Company under Rule 1015 of the Listing Rules of the SGX-ST and will be subject to the approval of the Shareholders. Shareholders are advised to exercise caution when dealing in the shares of the Company as the Proposed Transaction is subject to numerous conditions and there is no certainty or assurance as at the date of this announcement that the Proposed Transaction will be completed. The Company will make the necessary announcements when there are further developments on the Proposed Transaction. Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take. By Order of the Board CHINA HONGXING SPORTS LIMITED Alfred Cheong Independent Director 25 July 2019 |
||||
| Useful To Me Not Useful To Me | |||||
|
Hikaru0302
Member |
03-Jul-2019 16:57
|
||||
|
x 0
x 0 Alert Admin |
Sounds like an opportunity. Turning into goldmine. Even CNBC also say gold value will go up! Chart signals double-digit rally for goldPUBLISHED FRI, JUN 7 2019 6:56 AM EDT
44
Two charts reveal how this commodity can shine
The gold trade is shining bright. Investors rushed into the commodity on Thursday, pushing it to a four-month high. Gold is now just 1% away from its 52-week intraday high of $1,349.80 from February, and TradingAnalysis.com&rsquo s Todd Gordon believes it may soon surpass that level. After examining the charts, he says bullion could climb as high as $1,500. 
Gordon points out that gold rallied from $250 in 2001 to nearly $2,000 in 2011 but has been stuck in a trading range since then. Gold has been steadily climbing this year and is now trading around a key level that has provided resistance in the past. Since the commodity is knocking at former highs, Gordon believes that &ldquo the next $60&rdquo will see a lot of &ldquo buy stops going off,&rdquo which is when traders place orders ahead of time to buy something once it hits a specific price. This activity, Gordon believes, could lead to an acceleration in gold&rsquo s climb, lifting it back to former highs and maybe even as high as $1,500. 
In addition to gold looking attractive on a technical basis, Gordon notes that the current economic backdrop of a dovish Fed, a weak dollar and a rise in geopolitical tensions supports a boom in the commodity. &ldquo There&rsquo s a strong correlation right now with gold and bonds,&rdquo he said, noting that if rates continue to fall it will &ldquo help push&rdquo gold out of its current consolidation. &ldquo Lot of ... reasons for gold to push up, so I&rsquo m looking to add to my portfolio,&rdquo he said. Gold has traditionally been viewed as a &ldquo safe haven&rdquo asset &mdash something investors buy during times of market uncertainty to hedge against declines in the broader market. Gold owners argue that there will always be a demand for the commodity, so they believe it will retain its value. Like Gordon, Point View Wealth Management&rsquo s John Petrides believes investors should have exposure to gold as part of a well-diversified portfolio. Rather than buy the commodity outright, he suggests using a vehicle like the VanEck Vectors Gold Miners ETF. &ldquo The commodity itself doesn&rsquo t throw off any cash flow. There&rsquo s no economic value to it, so through the miners at least you can get a dividend and they can control costs and their margins,&rdquo he said Thursday on CNBC&rsquo s &ldquo Trading Nation.&rdquo Petrides argues that a position in gold can protect against a black swan event, and that with the current rising jitters in the market, now is a good time to accumulate a position. &ldquo You want to start with a 2.5% - 3% position of a portfolio now because you just don&rsquo t know when those issues [geopolitical risk with Iran, cracks in the ECB, etc.] will come to roost. So when they do at least you&rsquo re prepared and you don&rsquo t have to react,&rdquo he said. https://www.cnbc.com/2019/06/07/gold-set-for-double-digit-rally-technical-analyst-says.html
|
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
25-Mar-2019 20:51
|
||||
|
x 1
x 0 Alert Admin |
China Hongxing Sports plans RTO, could enter gold-mining business MON, MAR 25, 2019 - 8:03 PM CHINA Hongxing Sports might be headed for a reverse takeover (RTO) that will make goldmining its core business. The firm announced on Monday that it has entered into an agreement with Mining and Minerals Industries Holding Pte Ltd (MMIHPL) to acquire all the issued and paid-up share capital of MMJV Pte Ltd. MMJV, incorporated on March 22, is a holding company of two joint-venture companies. One joint-venture company owns a gold-mine project comprising 3,619 hectares, located in the provinces of Isabela and Nueva Vizcaya, Philippines. The joint-venture agreement was between KC Development Phils and MMIHPL. The other joint-venture company owns a gold-mine project comprising 761 hectares, located in the province of Misamis Oriental, Philippines. The joint-venture agreement was between Wolfland Resources and MMIHPL. The cost of acquisition will be the lower of S$100 million and the valuation set up by the Independent Qualified Person' s Valuation Report, less the discount rate agreed between the parties. It will be financed by the allotment and issuance of new ordinary shares to the vendor at an issue price of 0.357 Singapore cent per consideration share. The group will also be consolidating every 100 shares into one share on or before the completed acquisition the consideration shares and issue price are computed without having taken into account the completion of the proposed share consolidation, it said. China Hongxing announced on May 25, 2018 that it was deemed a cash company. The RTO will allow the group to apply for an extension of time to remove its cash company status and remain listed. Alfred Cheong, independent director and chairman of the audit committee of the company, said: " We hope that this proposed transaction will bring a better closure for everyone. The proposed transaction will be able to bring new value to all shareholders of China Hongxing as the company embarks on a new and exciting journey with the newly injected business." https://www.businesstimes.com.sg/companies-markets/china-hongxing-sports-plans-rto-could-enter-gold-mining-business |
||||
| Useful To Me Not Useful To Me | |||||
|
xerces
Member |
05-Sep-2018 10:47
|
||||
|
x 0
x 0 Alert Admin |
Its a scam from the start, i still believe its a scam during the meeting. The number voted for is super weird, pretty sure they already got the number before we shareholders vote. Anyway please write off your investment, no matter how big or small. I highly doubt anyone will actually buy this shell company. From point 10 of half year report: Although the Company will be actively pursuing the acquisition of a new business, there is no assurance that this will be achieved or that will be achieved within the time frame prescribed in Rule 1018(2) of the Listing Manual and there is a risk that the Company may be delisted if it is unable to meet the applicable requirements for the listing of a new business.
|
||||
| Useful To Me Not Useful To Me | |||||
|
newbieliu
Elite |
07-Jul-2018 21:55
|
||||
|
x 0
x 0 Alert Admin |
Hahah it is banked into your account linked with CDP . I think ur very rich can?t see much of a difference when they bank in hahah
|
||||
| Useful To Me Not Useful To Me | |||||
