XiDelang Holdings -52%
K-Star Sports -83%
XingQuan International Sports Holdings -48%
Maxwell International Holdings -43%
Multi Sports Holdings -68%
HB Global -66%
China Automobile Parts Holdings -45%
China Ouhua Winery Holdings -83%
China Stationary -59%
A simply horrendous result, given that Bursa Malaysia's composite index is trading near it's all time high. An average loss of 61% means that the shares need to increase its prices by 156% to reach its IPO level, and even then investors would have had their opportunity cost.
- Why did Bursa Malaysia pursue its plan to list China-based companies? They must have noticed the poor results of China-based companies listed on the Singapore stock exchange.
- Why would any major shareholder of a Chinese company want to list its company at Bursa Malaysia, except possibly for the wrong reasons? I simply can't imagine a founder of a fundamentally sound China-based company wanting to list its company on Bursa, after seeing the above table.