【ChinaGaoxian I4U 交流专区】中国高纤 CHINA GAOXIAN FIBREFAB HLDGLTD

神隐

今天高纤跌了 0.06 或 24% 以 0.190闭市
然后随即被sgx question about trading activity
然后宣布 trading halt

希望不要有什么不好的，类似hongxing hongwei 的事情发生。。。
不然对s chips 又是一颗炸弹了

PaPerSoldier

回复 241# 神隐

你还持有吗？

神隐

回复 242# PaPerSoldier


   没有了在她在韩国上市的第一天就卖了。。。

PaPerSoldier

Oh oh, another S-Chip in hot soup again?
China Gaoxian plunged 24% on a whopping 140m shares yesterday. In stark contrast, the KDRs traded just 1.1% down yesterday (versus Friday’s close). After being queried by SGX, the Company requested for trading halt last evening.
Gaoxian announced FY10 results on 27th February 2011. The latest corporate announcement was on 7th March 2011 (about 2 weeks ago) when the Company responded to SGX queries on its results.
So far, dual listing does not appear to have done much for the Companies. China Gaoxian closed at S$0.44 versus S$0.337 for the KDRs on the day the KDRs debuted. Benchmarked against the first day the KDRs were traded, the SGX-listed shares are down 57% while the KDRs are down 30%. As for China Taisan, the SGX-listed shares closed at S$0.225 versus S$0.275 for the TDRs on the first day the TDRs were traded. Again, benchmarked against the first day the TDRs were traded, the SGX-listed shares have lost 41% while the TDRs declined 24%.
Foreland Fabrictech (FLFT SP; S$0.115, BUY, TPS$0.25) held up well, ending mid-day trading up 9.5% from yesterday’s close. We spoke with its CFO this morning to confirm that both his good self and the external auditors have verified the cash at the bank. As the annual report should be out soon, the accounts have been audited. We also understand that all the receivables as at end FY10 have been collected. Also, no single customer accounts for more than 4% of the total receivables. We also believe management has been pondering a listing on another exchange to improve valuations.
China Taisan (CTSAN SP; S$0.14; BUY, TP S$0.29). Taisan closed 3.7% higher at mid-day versus yesterdays’ S$0.135 (a 52 week low). In Taisan’s case, the external auditors have also verified the cash balances and the accounts have been audited. Taisan is also in the process of setting up an internal audit function. The annual report should be out by mid April. Taisan has also recently announced a DPS of Rmb 2.27 fen (or scrips in-lieu of cash dividends). The Company has nine customers that account for more than 5% of receivables. The largest customer accounted for more than 10% of its receivables. More than 71% of the receivables have been collected to date (70.8% as at the date when the Company responded to the SGX queries on its receivables).
We also managed to speak with China Fibretech’s CFO who assured us that the cash balance has been verified by him and the internal and external auditors. The CFO believes that most of the receivables as at end FY10 have been collected. No single customer accounts for more than 5% of sales and as such, the CFO believes that there is no single customer that is more than 5% of its receivables. Fibretech is also contemplating a listing on a foreign exchange to better its valuations.
So, what’s the moral of the story? The CEO, the CFO, these are the guys who get to see all the numbers daily. If you don’t trust these guys, just walk away. If not, it’s going to be a case of garbage in, garbage out. What forecasts can you project if the numbers are just mirages in the desert?
Going by the response from Foreland and Taisan’s CFOs, we find no basis to change our call and target prices. Main BUY on both, TP S$0.25 for Foreland and S$0.29 for Taisan.

神隐

回复 244# PaPerSoldier


   thank you!
where you get thsi report a?

PaPerSoldier

回复 245# 神隐


   remiser forwarded one. ^^

神隐

回复 246# PaPerSoldier


  谢谢
不过gaoxian 已经 halt 一天了。。。如果没什么大事通常halt 一天就announcement 了。。。

希望不要suspend。。。。会害死其他s chips 的！！！

神隐

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C87B9BCA1866960B4825785D003A4F16/$file/Announcement_24Mar11_.pdf?openelement

最后还是request for suspension 了。。。

啊～为什么。。。为什么你要那么不争气！！

请问佳礼兄弟姐妹谁还在持有啊？

zhixuen

完美的结局

神隐

回复 249# zhixuen


   indeed...
过山车式的结局。。。

PaPerSoldier

骗子。。。
我没持有

vink18

我看到你在。。。sharejunction.com~

神隐

高纤。。。要完蛋了啊？
CEO Step down


Cessation of Exec Director Lau Chung Kong due to Medical and Health Reasons

Cessation of Exec Director Liu YiJie At the request of Audit Committee

Cessation of CFO Raymond Wong Wai Kan due to retirement and to pursue personal interest

-------------------------

大人物都跑了。。。。

snowbreeze

http://info.sgx.com/webcoranncat ... 611.pdf?openelement

看起来还要等很久，八月也许都不行，大家保重。

icy97

停牌一年多 中国高纤为复牌做准备
http://www.zaobao.com/cs/cs120630_001.shtml

（2012-06-30）
停牌一年多的中国高纤控股（China Gaoxian Fibre）昨天召开了股东大会，董事会强调，目前已同一个有意投资的潜在投资者进行协商，从而为复牌申请计划做准备。

不过，目前尚未达成具有法律约束力的最终协议。

有股东询问，集团从去年三月开始停牌至今，到底何时才能够复牌进行交易呢？去年股东大会中也曾经说正在协商，但是为何至今仍没有确切消息？

复牌申请延到7月25日提交

董事会表示，根据新加坡交易所的条例，在停牌后是有一年的期限来提交他们的复牌申请计划，本来是到今年3月21日就必须提交，不过后来向新交所寻求延长时限获得批准，已把期限延到7月25日。

董事会表示，投资者需要进行他们的尽职调查，因此需要一些时间，要是需要再延期的话，董事会也会向新交所提出。

他们也承诺将把复牌计划作为最首要的任务来进行，以尽早复牌。

中国高纤是在去年由审计师安永在审计业绩时，无法确认或证明中国高纤两家中国子公司的银行存款余额；而后来经特别审计师普华古柏调查后确实发现现金和银行结存，以及银行负债与事实不符。

股东大会中并没有出现情绪失控或特别激动的股东，不过股东们除了关心何时能够复牌交易，就是他们的投资到底是否能够有所回报，还是将血本无归。

数名股东向记者表示，如今已事隔一年，对集团管理层动怒也无助于事了，还不如给这个新的管理团队一点机会和信心，希望他们能够尽早向新交所提交复牌申请计划，以让他们能够把投资兑现。

股东提问，开始调查至今已是一年有余，账目上与现实不符的金额，到底踪影在哪里，也关注是否能够挽回一些钱。

集团表示，特别审计师确实是花了接近一年，来找出到底账目不符的地方在哪里以及那些款项的去向。

他们最近也已向中国公安机关呈交了报告，需要给有关机构进行调查，但在调查后能挽回多少认可款项，如今依然是个未知数。

股东大会由临时总裁谭运龙主持，所有动议都获得了通过。

谭运龙向记者表示：“我们想感谢我们的股东在股东大会对我们的支持。动议的投票结果显示，股东们看到董事会在引进这项新投资和复牌申请计划上的努力，反映了他们希望中国高纤能够尽快恢复交易。”

另外，集团董事会也在昨天透露目前正在湖州兴建一栋28层楼的商业大楼，而湖州政府已把该区域规划为当地的商业中央区。大楼竣工后集团有权力出售或出租该大楼中的单位。

股东关心该项目能否带来投资回报，不过集团表示由于中国目前的房地产条例限制他们要在建完了，封顶后才能出售，目前只建至26层，所以没有任何预售或预租的承诺。

这时一名股东突然大喊：“建什么啊？把一点钱还给我们更好！”场下响起小小的窃笑声，但大会继续顺利进行。

在集团的财政业绩方面，去年第一季的业绩至今仍然尚未发布，有股东因此询问说，只有三个季度的业绩是否能够真正反映集团的财务表现。

集团的回应是，自从如今的新管理团队接手后，都有准确的财务记录；但之前的记录在某些管理财政的员工离开公司后，都已经流失了无法追溯，因此去年的财年记录只能够有第二季至第四季，而首季财务记录是从缺的。

icy97

Name of Announcer *	CHINA GAOXIAN FIBREFAB HLDGLTD
Company Registration No.	200817812K
Announcement submitted on behalf of	CHINA GAOXIAN FIBREFAB HLDGLTD
Announcement is submitted with respect to *	CHINA GAOXIAN FIBREFAB HLDGLTD
Announcement is submitted by *	Abdul Jabbar Bin Karam Din
Designation *	Company Secretary
Date & Time of Broadcast	14-Aug-2013 16:31:59
Announcement No.	00059

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

For the Financial Period Ended *	30-06-2013
Description	Please refer to the attached.

Attachments

ChinaGaoxian_2Q2013Results_14Aug2013.pdf

icy97

Name of Announcer *	CHINA GAOXIAN FIBREFAB HLDGLTD
Company Registration No.	200817812K
Announcement submitted on behalf of	CHINA GAOXIAN FIBREFAB HLDGLTD
Announcement is submitted with respect to *	CHINA GAOXIAN FIBREFAB HLDGLTD
Announcement is submitted by *	Abdul Jabbar Bin Karam Din
Designation *	Company Secretary
Date & Time of Broadcast	23-Aug-2013 16:47:36
Announcement No.	00045

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

(A) SUBMISSION TO SGX-ST OF APPLICATION FOR RESUMPTION OF TRADING, (B) DETAILS ON CERTAIN RESUMPTION CONDITIONS, AND (C) EXTENSION OF LONG-STOP DATE

Description

Please refer to the attached.

Attachments

ChinaGaoxian_Resumption_of_Trading_23Aug2013.pdf