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2009-07-11

Xingquan International Sports Holdings Ltd directly listed on the Bursa Malaysia

















Chinese sportswear firm Xingquan International Sports Holdings Ltd today made history by being the first foreign company to be directly listed on the Bursa Malaysia. This foreign share did not own anything in Malaysia during they listing so any bad thing happen they can just go back to China so for me this type of share is highly speculative.

From 'The Edge' report the Company chairman and chief executive officer Wu Qinquan, speaking at a press conference here today, thanked Bursa Malaysia and the Malaysian Investment Committee, saying they have been supportive and asked if the company was considering setting up stores here, Wu said the suggestion would be considered but as of now, his company was focusing more on domestic growth.

This company is any had share in Bursa Malaysia no property at all.

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