he took hongsan from another forum. latest sorry story from hongsan: I bought Gaoxian on my margin account at 26cents. After Gaoxian suspension, my brokerage keep calling me to pick up the purchased stock, meaning pay in full the amount I have borrowed from them. After so much stress getting from them, today I went down to pay in full. Now I am relieved and can sleep well tonight. Although the amount is not much but good experience for me on margin trading. Now I hope, the Singapore market tank so much again so that I can pick up some good bargain and make up the loss one. At last, I am pretty confidence now that ChinaGaoxian"s suspension is different from others and the counter may start trading again before their next AGM. Cheers buddies.
I tried to contact the Korean investor relation agents of the company at the following three nos. mentioned in the company's annoncement;
+82 2 6011 2116 and
+82 2 6011 2125 and
+82 2 6011 2114.
Got the same message on all the three nos. " The no. you called is not in service". Can someone else also try to call at these nos., to reconfirm the validity of the phone numbers.
Hi .. anyone have any further update in regard to China Gao Xian ? Their AGM will be held some time in end Jun 11.. which mean there is a possible of the Accounting matters to be settle by then and this counter will be start to Trade again soon.. Am I Right ?
Any one out there have any experience about this kind of trading ? Can give some advice ?
every such case is - or could be - unique. Nobody really knows what's up.
the contact people have been changed to Wer1, as you can see in this announcement:
The audit committee seems to be taking charge of the situation. The CEO has to step down for now, and a non-exec director has been appointed interim CEO which means he is the day to day guy making sure the ops and the $ matters are properly run.
The CFO - Raymond - is bye bye. His asst is promoted to be CFO.
From the looks of it, there are some $ issues involved that are complicated and will take time to be checked thru by auditors . Now they also appoint Special Auditors.
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