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vthnay
Member |
24-Jul-2012 10:09
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Thanks! Now we wait for SGX's decision?
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sk6666
Veteran |
24-Jul-2012 09:09
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Lastest Auditors report is available at SGX website. | ||
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sk6666
Veteran |
20-Jul-2012 21:26
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To whom it may concern. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_945AABC19C039A3C48257A410031EB84/$file/Announcement_Extension_time.pdf?openelement |
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Sgshares
Elite |
18-May-2012 10:59
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Complete sinking ship...dont need to clear up messy accounts for so long. Something is amiss for sure. Once back to trading....heavy selling will start for few days till less than 1 cent... not many china stocks worth trading, even the risk xfactor. | ||
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monkey80
Member |
18-May-2012 10:11
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China HongX is delaying and delaying... Can they delay until forever?? Our hard earn money was inside.. |
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John8118
Member |
15-Apr-2012 08:35
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毅 恒 鞋 材 亦 是 如 此 。 除 了 和 361度 、 鸿 星 尔 克 、 乔 丹 、 BSG、 思 凯 捷 等 国 内 外 知 名 品 牌 都 结 成 了 合 作 伙 伴 外 ， 他 们 也 在 积 极 寻 求 和 更 优 质 的 品 牌 企 业 合 作 。 公 司 高 层 认 为 ， 单 独 依 靠 一 家 品 牌 企 业 风 险 太 大 ， 一 旦 对 方 撤 单 ， 对 企 业 的 生 存 都 是 挑 战 。 所 以 ， 他 们 一 方 面 积 极 练 好 内 功 ， 另 一 方 面 正 努 力 寻 求 更 多 更 优 质 的 买 家 。 “这 样 ， 对 方 在 选 择 我 们 的 同 时 ， 我 们 也 有 资 本 选 择 对 方 ”。 Cross your fingers and hope for the best since all victims are already prepared for the worst....haha... |
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moneycow
Master |
15-Apr-2012 00:24
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It is this sort of company that cause investors to shunt S-chip. It looks so good before the storm.... many got caught off guards. | ||
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John8118
Member |
14-Apr-2012 13:44
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营 收 追 赶 综 合 业 界 和 官 方 的 统 计 ， 泉 州 的 鞋 服 企 业 市 场 销 售 早 已 超 过 600亿 元 。 2011年 财 报 ， 安 踏 89.04亿 、 361度 55.68亿 、 特 步 55.4亿 、 匹 克 46.5亿 ， 总 营 收 达 246亿 元 ； 目 前 暂 未 公 布 数 据 的 鸿 星 尔 克 实 际 早 已 超 过 30亿 元 ， 静 待 上 市 的 乔 丹 体 育 2010年 营 收 逼 近 30亿 元 ， 贵 人 鸟 也 超 过 20亿 元 ； 三 线 品 牌 诸 如 上 市 公 司 喜 得 龙 、 喜 得 狼 、 鸿 星 沃 登 卡 、 飞 克 、 野 力 、 美 克 等 营 收 ， 早 已 或 马 上 就 要 突 破 10亿 元 ， 以 及 德 尔 惠 等 非 上 市 的 鞋 服 公 司 ， 其 总 量 超 过 百 亿 很 正 常 。 |
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gopaseth
Member |
02-Mar-2012 14:03
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Thanks lot for the informations......... | ||
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moneycow
Master |
01-Mar-2012 21:58
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I see. Thanks for the info. ----- After asking I tried to do a google search on HongXing too...then I found this...... Just to share... http://www.sias.org.sg/index.php?option=com_content& view=article& id=249:suspended-counters-china-hongxing-sports-chs-and-hongwei-technologies-hw-call-on-sgx& catid=20:press-releases& Itemid=43 |
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louis001
Master |
01-Mar-2012 21:58
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what else, it was the " accounting irregularities" that uncovered by audit committee before they were about to release the Q-report...etc that they had no choice but to suspend it to try to sort out the problems... if sgx give OK, CH has up to 12 months to implement the resumption proposal of listing again... shareholders must prepared to wait again until they are all clear...
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sk6666
Veteran |
01-Mar-2012 21:52
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CHINA HONGXING SPORTS LIMITED Company Registration No. 36746 Incorporated in Bermuda ______________________________________________________________________________ (A) APPOINTMENT OF SPECIAL ACCOUNTANT AND OTHER MATTERS (B) REQUEST FOR SUSPENSION OF TRADING IN SHARES ______________________________________________________________________ Further to the request for trading halt on 22 February 2011, the Board of Directors (the “Board”) of China Hongxing Sports Limited (the “Company”) wishes to announce that the Company and its Auditors (Ernst & Young LLP (the “Auditors”) face certain difficulties in respect of the finalisation of the audit of the Group’s financial statements for the year ended 31 December 2010. The Audit Committee has been informed by its Auditors on 22 February 2011 that they have noted irregularities in the cash and bank balances, accounts receivables, accounts payables, and other expenses during the course of their audits of its subsidiary companies in the People’s Republic of China (“PRC”). These subsidiaries are Fujian Hongxing Erke Sports Goods Co., Ltd and Quanzhou Hongrong Light Industry Co., Ltd. (“PRC Subsidiaries”). As such, the Auditors will not be able to give audit clearance in respect of the financial results for year ended 31 Dec 2010 without performing additional procedures and tests relating to these account balances. The Auditors also recommend that the Audit Committee immediately commence a fact-finding process to verify such irregularities. The Auditors were appointed auditors of the Company effective from the financial year ended 31 December 2010. In view of the above, the Board has resolved to appoint an Independent Special Auditor (“SA”) to the Company to carry out a thorough investigation into the matters raised and thereafter to announce the report of the SA. The appointment will be made by 1 March 2011. The Board has also authorised that the Audit Committee to oversee the investigation and take any further actions as they deem fit. The SA will report to the Audit Committee and the Singapore Exchange Securities Trading Limited (“SGX-ST”). In the meantime, the AC will take steps to safeguard the assets of the Company and continue the operations smoothly. In view of the above, the Company will apply to convert its trading halt into a trading suspension. The Company will apply to SGX-ST for an extension of time in relation to Rule 705(1) of the Listing Manual for the Company to announce its full financial year statements for the year ended 31 December 2010 (“FY2010”) as the Company will not be able to make the announcement of its FY2010 financial year statements by 1 March 2011. The Company has appointed KhattarWong as the Company’s legal advisers in the matter on Singapore laws. The Company will appoint a Bermuda legal adviser to advise on Bermuda Law and a PRC law firm to advise in the matter in relation to the PRC Subsidiaries on the PRC laws, if necessary. The Company will make further announcements as and when there are material developments or more information becomes available. By Order of the Board Chew Kok Liang Company Secretary Date 25 February 2011
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moneycow
Master |
01-Mar-2012 21:49
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Can someone enlighten what happen to HongXing why it was suspended ? ThanKS |
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louis001
Master |
01-Mar-2012 21:33
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CH is doing this according to the Rule 1303/1304of the Listing Manual, ie, it has to apply to SGX within 12 mths from the date of suspension, which was around March last year, ie, abt 12mths now...and if SGX ok it, it has another 12 months to go.... 1304 If an issuer is suspended under Rule 1303(3), it must: (1) submit a proposal (or proposals) through its sponsor to the Exchange with a view to resuming trading in the issuer’s securities (“resumption proposals”). If no resumption proposals are received within 12 months of the date of suspension, the Exchange may remove the issuer from the Official List and (2) implement the resumption proposals within 12 months. If the resumption proposals have not been implemented within 12 months of the Exchange indicating that it has no objection, the Exchange may remove the issuer from the Official List. |
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gopaseth
Member |
01-Mar-2012 14:39
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HI GURUS ?? WHEN ISD THIS COUNTER EXPECTED TO START? AND WHAT WILL BE THE EXPECTED PRICE ? WILL IT GO DOWN OR UP?? SO MUCH WORRIED AS HOLDING MY MAJOR PORTION OF THE SAVINGS.....PLS ADVICE
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krisluke
Supreme |
28-Feb-2012 09:30
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China HongxingChina Hongxing: Submits resumption proposal to trade its shares to SGX. Further announcements if successful to be made.
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Chris0724
Member |
16-Aug-2011 10:10
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hi gurus, i have a few lots in this stock... what the next step ? sit and wait till it get the green light and start trading again ? or the $ sure lose ? Many Thanks for any advice... |
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