Xu, Robert Shao Chun 徐少春

Kingdee (0268) issues profit warning, 15 days after Chairman's HK$504m stock sale
Company announcement, 5-Jul-2019
The stock closed at $7.98 today, down 25% since our bubble warning of 18-Mar-2019. The chairman sold 60m shares at $8.40 on 20-Jun-2019, 10 days before the period end. Kingdee produces accounting and enterprise resource planning software. Surely they should have had management accounts for the first 5 months of the year by the time he sold, if their software is any good. The SFC should investigate.
Kingdee (0268) Chairman sells block after Webb-site bubble warningOur warning
Disclosure of interest, 20-Jun-2019
We issued our bubble warning on 18-Mar-2019 at the prior close of $10.62. On 19-Jun-2019, Mr Xu sold 60m shares at $8.40, raising HK$504m.
Kingdee (0268) aborts acquisition from its Chairman of CloudHub
Company announcement, 4-Apr-2019
Citing "varying market interests" after the acquisition was announced, Kingdee "considers that this will allow management attention and resources to be devoted to other arising business initiatives and opportunies" - their real estate business, perhaps. No word on how the Chairman proposes to divide his attention between Kingdee and his private businesses or whether they will now repay debts to Kingdee.
Inside the Kingdee bubble
It appears to be a Shenzhen success story, conquering the World with the "Chinese management model", but we burn through the techno-fog of the disclosures and dig deep inside the accounts. You won't like what you see. (18-Mar-2019)

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