It has been actively seeking new partners for some time now, is finalizing talks with at least one local party to take up a substantial stake in the company but no deal is impending at the moment.
Currently, the top 10 institutional funds with shareholdings in Xingquan include OTH, KWAP, the EPF, Prudnetial. Tai Zhen Xiang Holdings Ltd is the largest shareholder with a 58.43% stake while LTH is the second largest with a 5.08% stake.
Up to 3Q2010 ended march, its sales and net profit posted healthy growth. In nine months period, net profit rose to RM84.18 million.
It intends to keep its promise of paying out as dividends between 10% and 20% of its current year earnings.
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