China Gaoxian

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13 years 6 months ago #5679 by Rich
Replied by Rich on topic Re:China Gaoxian
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.

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13 years 6 months ago #5693 by simplerocks
Replied by simplerocks on topic Re:China Gaoxian
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.
 
 

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13 years 6 months ago #5699 by Markor
Replied by Markor on topic Re:China Gaoxian
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 ?
 

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13 years 6 months ago #5700 by Joes
Replied by Joes on topic Re:China Gaoxian
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:

info.sgx.com/webcoranncatth.nsf/VwAttach...tIRA.pdf?openelement

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13 years 6 months ago #5755 by pine
Replied by pine on topic Re:China Gaoxian
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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13 years 6 months ago #5761 by Rich
Replied by Rich on topic Re:China Gaoxian
I dont know about you,but the situation doesnt look like it has improved or become more reassuring.

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