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15-Dec-2010 22:55

China Gaoxian / ChinaGaoxian

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Ref: Taken from SGX news.

CHINA GAOXIAN FIBRE FABRIC HOLDINGS LTD.

(

("��)Company")

(Company Registration No. 200817812K)

(Incorporated in Singapore on 9 September 2008)

(1) STATUS UPDATE RELATING TO PROPOSED KRX DUAL LISTING

(A) SUBMISSION OF REGISTRATION STATEMENTS

(B) ENTRY INTO PLACEMENT AND UNDERWRITING AGREEMENT

(2) DECLARATION OF INTERIM DIVIDEND

Reference is made to the Company's announcement on 10 December 2010 ("

capitalised terms used herein, unless otherwise defined, shall have the meanings ascribed in the

Announcement.Announcement"). All

(1) STATUS UPDATES RELATING TO PROPOSED KRX DUAL LISTING

(A) Submission of Registration Statements

The Company has today submitted its Depository Receipts registration statement and securities

registration statement to the Korean Financial Securities Commission.

(B) Preliminary Placement and Underwriting Agreement

The Company has also today entered into a preliminary placement and underwriting agreement

with Daewoo Securities Co., Ltd (

��

(HMC

Depository Receipts to be traded on the KRX KOSPI Market ("

would further highlight the following salient terms under the Agreement:��), Hanwha Securities Co., Ltd (��), IBK Securities Co., Ltd (IBK ��) and HMC Investment Securities Co., Ltd.�� ) in relation to the placement and underwriting of up to 30,000,000Agreement"). The Company

(i) New Shares

20 New Shares will underlie each Depository Receipt, and the Company will issue and

allot up to an aggregate 600,000,000 New Shares underlying the 30,000,000 Depository

Receipts.

(ii) Investors

The Depository Receipts is expected to be offered to public investors and institutional

investors in Korea, in the proportions 20% and 80%, respectively.

(iii) Offering Period

The public offering period for the Depository Receipts is expected to take place in or

about January 2011.

(iv) Final Issue Price

The final issue price will only be determined subsequent to the book building and pricing

exercise in accordance with Korean laws and regulations. The final issue price will be

determined mutually between the Company and the underwriters. Subsequent to

determination of the final issue price, the Company and the underwriters will enter into a

final placement and underwriting agreement prior to commencement of the Depository

Receipts offer to the Korean public.

Page 2

(2) DECLARATION OF INTERIM DIVIDEND, NOTICE OF BOOKS CLOSURE DATE AND DATE

PAYABLE

The Company is pleased to announce an interim dividend of

share (tax-exempt one-tier) ("

The Interim Dividend is made in anticipation of the KRX Dual Listing, and is intended to reward

existing Shareholders. New Shares to be issued pursuant to the KRX Dual Listing will not be

entitled to participate in the Interim Dividend. For the avoidance of doubt, the Interim Dividend is

not an indication of the performance of the Group for the financial year ending 31 December 2010.

Shareholders should refer to the full year financial results announcement of the Company to be

released in due course in this regard.

The Register of Transfer and Register of Members of the Company will be closed on

2011

the Interim Dividend. The Interim Dividend is expected to be paid to Shareholders on 24 January

2011.

Shareholders whose securities accounts with the CDP are credited with Shares as at 5.00 p.m on

11 January 2011 will be entitled to the Interim Dividend. Duly completed registrable transfers in

respect of the Shares received up to the close of business by 5.00 p.m. on 11 January 2011 by

the Company's Share Registrar, Tricor Barbinder Share Registration Services at 8 Cross Street,

#11-00 PWC Building, Singapore 048424, will be registered before entitlements to the Interim

Dividend are determined.

The Company will make further announcements in due course to update Shareholders as appropriate.0.5 Singapore cents per ordinaryInterim Dividend") for the financial year ending 31 December 2010.12 January("Books Closure Date") for the purposes of determining the entitlement of Shareholders to

The Company would remind Shareholders to note the following:

(1) The proposed Dual Listing may still not materialise, for reasons including unfavourable

market conditions, adverse investors' sentiments or KRX withdrawal of the listing

eligibility etc.

(2) Shareholders and other investors are advised to exercise caution when dealing in the

Shares, and should consult their stockbrokers, bank managers, solicitors, accountants or

other professional advisers accordingly.

BY ORDER OF THE BOARD

Cao Xiangbin

Executive Chairman and Chief Executive Officer

15 December 2010

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15-Dec-2010 22:38

China Gaoxian / ChinaGaoxian

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China Gaoxian Receives Approval For Korea Listing
China Gaoxian Fibre Fabric Holdings, the yarn and fabric seller, has received approval from the Korean Exchange for its offering and listing of up to 600m ordinary shares in the form of Korean depository receipts (KDRs). Just last month, the company issued a statement to the Singapore Exchange saying that it has plans to sell 20-30% more products next year on the back of strong demand from China. The firm added that it had ordered 72 sets of machines to raise its annual production capacity for higher-end polyester yarn to 240K tonnes by the first three months of 2011, from its current production of 210K tonnes. The firm also invested Rmb171.5m ($33.8m) to ramp up its annual production capacity for warp-knit fabric.
Significance: The average price-earnings ratio of Korea-listed textile firms is about 14, compared to a ratio of about 6-7 in Singapore. Meanwhile, with about 20 textile companies on the Korea Exchange, a textile company like China Gaoxian, therefore, is no strange to Korean investors.

http://www.stockmarketsreview.com/reports/singapore_stock_market_and_companies_daily_report_20101213_68623/

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15-Dec-2010 21:08

China Gaoxian / ChinaGaoxian

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x 1

YES! Finally I can rejoice ^.^ (but you have said so many times you are leaving this thread... so this is another FAKE call)

There has been too much clog with the predictions... from the "wise" old man

PS: fyi, if you have called people here "names", that they are blind, need to see doctor, little boy and the 4 letter word *SH**, please have the decency to own up. Respect is not an obligation. Its a priviledge given to those who earns it.

Bon3260 ( Date: 15-Dec-2010 17:19) Posted:

Masterlim, Zhixuen & Medivh,

I hv predicted ChinaGaoxian's today's movemt lastnite;

50%

Open 0.340 - correct
High 0.350 - incorrect shd b 0.345
Low 0.325 - correct
Close 0.330 - correct

As I mention b4, I wun predict ChinaGaoxian anymore. Cos I found u guys din show any respect 2 old pple like me.

I4U (ChinaGaoxian)

DAY HIGH : 0.345 NET CHANGE : -0.010 TOTAL VALUE : 5,006,920

DAY LOW : 0.325 LAST DONE : 0.330 VOLUME : 14,999

<>

Time Last Vol Buy/Sell

17:05:01 0.330 1,128 B

('',)

Bon3260 ( Date: 14-Dec-2010 21:41) Posted:

Future v v red liao...

Pple like Masterlim, Zhixuen & Medivh muz b started v v worried liao. Dunno tmr wat'll ChinaGaoxian behaves. & ChinaGaoxian has climbed so many days. Tmr shd b profit taking & those On Line Trade Ctr Players due liao...

By looking @ Nikkei, STI, SSE & Hangseng today's movemt... Tmr muz b expecting red red too.

Die liao... How huh?!

Ans' look @ my predictions below lor... Hehehehe...

Index Last Change % High Low Time

STI 3176.91 -5.41 -0.17% 3189.65 3171.96 17:10:01

Hangseng 23431.19 113.58 0.49% 23453.42 23328.01 16:01:18

Nikkei225 10316.77 22.88 0.22% 10319.24 10267.22 15:00:02

SSE 2927.08 4.12 0.14% 2933.41 2912.42 15:01:22

('',)

Masterlim, Zhixuen & Medivh... Actually u r lucky 2 hv me now. @ least u guys hv me FOC help u 2 predict ChinaGaoxian nxt movemts everyday... Nxtime, I muz chrg u all liao. Hahahahaha...

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15-Dec-2010 15:00

China Gaoxian / ChinaGaoxian

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Yo fren,

seriously just ignore him. You know the saying "If you cannot beat them, confuse them" and also "saying the grape is sour when you cannot eat them"? That's exactly his tactics here.

Don't lose focus, being caught in his trap of confusing and antagonizing people. After many weeks of his postings, you'll realise how "wise" he is. The final straw for me to ignore him was when he start trying to get our attention , calling people blind, asking people see doc and calling others names. sigh.. too bad the admin not here to ban such people.

zhixuen ( Date: 15-Dec-2010 13:36) Posted:

OK that's good.

My old bloody boy boy.

('',)

Bon3260 ( Date: 15-Dec-2010 13:22) Posted:

I'm oredi 64 yrs old liao.

Convincing Data oredi integrated in my body.

How 2 show u? My poor little boy boy?

('',)

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14-Dec-2010 20:45

China Gaoxian / ChinaGaoxian

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I have already posted here . beware of Bon. Don't bother even reply him.. but you guys still entertaining him .. don't you see he is just trying to get your attention? We can use our efforts for better means.

masterlim ( Date: 14-Dec-2010 20:28) Posted:

u want to sell @ 0.375 and u predicted its at the 1% range? what are you talking about? pls explain your rationale and basis and dont mislead the investors here. utterly confusing.

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14-Dec-2010 17:11

China Gaoxian / ChinaGaoxian

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17:05:01	0.340	714,000	Sell Down
16:59:31	0.345	100,000	Buy Up
16:59:02	0.345	10,000	Buy Up
16:58:09	0.345	300,000	Buy Up
16:55:32	0.340	1,000	Sell Down

Closing at 34c. Well done +2c from previous close.

I see more peeps have login to view this thread as well.

masterlim ( Date: 14-Dec-2010 16:48) Posted:

and refer to the previous post i asked to consolidate around 0.33/0.325. i mentioned it has the opportunity to run up and close higher than 0.34. most likely it will friend.

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14-Dec-2010 10:34

China Gaoxian / ChinaGaoxian

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Attn:

BEWARE of Bon3260.

Now he's calling others blind ^.^

I don't know what other names he will call the other forumers in other threads.. but this guy has been posting fake predictions with no basis.

For more info and evidence of his postings, look at the history.

Bon3260 ( Date: 14-Dec-2010 10:05) Posted:

ChinaGaoxian oredi break new high.

If 0.350 cnt break. Means it'll go dwn till 0.330 / 0.335.

If 0.350 can break, nxt level'll b 0.375...

('',)

Ignore those noises here... They r blind & might need 2 consult doc. Cos they might hv alot of ChinaGaoxian on hand...

Bon3260 ( Date: 14-Dec-2010 08:37) Posted:

To all fresh bloods, whether my predictions r rite / wrong. Actually it doesn't really a matter.

I dun hv ChinaGaoxian & actually non of my business.

ChinaGaoxian indeed v attractive. But always rmbr not 2 chase stocks.

If u really 1 2 buy, wait...

On Line Trade = 4 work days due.
Off Line Trade = 7 work days due.

('',)

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14-Dec-2010 09:29

China Gaoxian / ChinaGaoxian

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LOL , now put disclaimer liao.. say your predictions doesnt' matter. Then you should NOT POST at all! just keep your fingers tied and don't succumb to even telling others what you cannot even find a basis on.

Misleading those who are new here by posting those messages makes you even less credible then before, not to mentioned all the weeks before of postings your predictions allnever came true ...

Bon3260 ( Date: 14-Dec-2010 08:37) Posted:

To all fresh bloods, whether my predictions r rite / wrong. Actually it doesn't really a matter.

I dun hv ChinaGaoxian & actually non of my business.

ChinaGaoxian indeed v attractive. But always rmbr not 2 chase stocks.

If u really 1 2 buy, wait...

On Line Trade = 4 work days due.
Off Line Trade = 7 work days due.

('',)

Bon3260 ( Date: 13-Dec-2010 20:51) Posted:

I hv predicted ChinaGaoxian tmr 14-Dec-2010 (Tue)'s movemt as follows;

50%

Open 0.320
High 0.335
Low 0.315
Close 0.315

49%

Open 0.325
High 0.335
Low 0.320
Close 0.325

Open 0.335
High 0.350
Low 0.330
Close 0.330

Today, ChinaGaoxian up +0.04 wif vol. 80,962. Vol. too huge & really v v hard 2 c 大鱼s got run rd fm there or not. But today up so fast, me juz abit worried.

Tmr early morning, Nikkei'll open red. Follow by STI. & dan SSE opens red. Lately Hangseng'll open red too...

('',)

Pls dun b e last pax buy e expensive tickets...

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13-Dec-2010 20:32

China Gaoxian / ChinaGaoxian

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To add on, all textile coys are in KRX performing v. well. GX is still performing at v. low PE. Lots of room to catch up .

After listing in KRX, expect px to go up.. TREMENDOUSLY there.

So what would investors/traders do? Buy here low sell higher there.

GX listing in SGX during its IPO px of 25c was during the financial crisis. A lot of info has already been posted on this, so those who are not well informed, i can see you are heading no where.

And what happens when more investors buy and bring the share px up? Isn't that good for the coy to see its share px up? lol thats for you to know and find out more :)

zhixuen ( Date: 13-Dec-2010 19:41) Posted:

You never study to what is dual listing with depository receipt.

A depositary receipt (DR) is a type of negotiable (transferable) financial security that is traded on a local stock exchange but represents a security, usually in the form of equity, that is issued by a foreign publicly listed company. The DR, which is a physical certificate, allows investors to hold shares in equity of other countries.

http://www.investopedia.com/articles/03/091003.asp

With DR investors are allowed to trade his share in others country. Suppose Gaoxian IPO at KRX is 0.40

then investors can buy low at sgx with maybe 0.30 and sell at KRX with 0.40 with 3 trading days to transfer.

Now you know the reason already?

ZebraCrossing ( Date: 13-Dec-2010 18:32) Posted:

But the central question should be,

Why would a dual listing lead to an increase in the share price of a particular counter? So the argument is that companies that dual list on 2 separate bourses should then command higher valuations, and so the Singapore share price should re-rate to follow those on the korean exchange?

For those who are thinking of entering Gaoxian. Just think for a second, if price rise to match the levels similar to the Korean exchange, what will happen next? Delist? Why incur additional costs to list on 2 exchanges? In this respect, doesn't it makes more sense to keep prices in one exchange low, and buy it up and then sell it off in Korea to pocket the difference?

Unless you're telling me that the listing in Korea will come in the form of new shares. This will result in dilution of the share value, which will impact on the price itself!

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13-Dec-2010 16:51

China Gaoxian / ChinaGaoxian

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Are you serious you are 64? or 10? (6+4)

I am going to buy some crabs tomorrow, or maybe the following day..

I shall post my sm predictions later too?

Bon3260 ( Date: 13-Dec-2010 16:44) Posted:

We r preparing 2 sell shorts ChinaGaoxian tmr...

Will post sm predictions @ nite.

('',)

medivh ( Date: 13-Dec-2010 16:33) Posted:

Bon,

you still haven't got your predictions all accurate since 2 weeks ago. You posted all the figures every day that didn't even meet the correct targets you've set. Its a wonder when you say you don't have GX and have a cool head ^^

You made so many predictions about the coming week (which is this week) being all cautious as well and telling ppl to sell at 27.5 c etc...

anyway I agree with Zhixuen.. just need to ignore you for the time being.

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13-Dec-2010 16:46

China Gaoxian / ChinaGaoxian

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16:37:55

0.310

773,000

Buy Up

16:37:54

0.310

1,000,000

Buy Up

4K lots queue gone in few secs.. lol

medivh ( Date: 13-Dec-2010 16:11) Posted:

An investor will have a clear head..Every investor should have a px target to sell/buy

Instead those who are thinking of in out fast will lose their cool heads ^^. Cause they see the screen till their eyes all going in circles

*fake queue* Sell volume seen here at GX. 4K lots haha..

Bon3260 ( Date: 13-Dec-2010 16:02) Posted:

Tmr all Indexes'll red instead of green. Even if DJ green 2nite.

If u buy now, tmr can sell or not? Who'll buy fm u???

Ask urself b4 u do any actions...

('',)

We might here / listen alot of noises abt pple complaining y asking 2 sell now. When a pax has its Counter on hand. Their mind always not clear. Except me... Cos I dun hv ChinaGaoxian...

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13-Dec-2010 16:33

China Gaoxian / ChinaGaoxian

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Bon,

You made so many predictions about the coming week (which is this week) being all cautious as well and telling ppl to sell at 27.5 c etc...

anyway I agree with Zhixuen.. just need to ignore you for the time being.

Bon3260 ( Date: 13-Dec-2010 16:18) Posted:

Eyes gg circles??? U meant u r smthing like tis???

^@@^
00
(-------)

medivh ( Date: 13-Dec-2010 16:11) Posted:

An investor will have a clear head..Every investor should have a px target to sell/buy

Instead those who are thinking of in out fast will lose their cool heads ^^. Cause they see the screen till their eyes all going in circles

*fake queue* Sell volume seen here at GX. 4K lots haha..

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13-Dec-2010 16:11

China Gaoxian / ChinaGaoxian

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An investor will have a clear head..Every investor should have a px target to sell/buy

Instead those who are thinking of in out fast will lose their cool heads ^^. Cause they see the screen till their eyes all going in circles

*fake queue* Sell volume seen here at GX. 4K lots haha..

Bon3260 ( Date: 13-Dec-2010 16:02) Posted:

Tmr all Indexes'll red instead of green. Even if DJ green 2nite.

If u buy now, tmr can sell or not? Who'll buy fm u???

Ask urself b4 u do any actions...

('',)

We might here / listen alot of noises abt pple complaining y asking 2 sell now. When a pax has its Counter on hand. Their mind always not clear. Except me... Cos I dun hv ChinaGaoxian...

Bon3260 ( Date: 13-Dec-2010 14:32) Posted:

Yes!

SSE almost up 2% today. Tmr u guess SSE'll red / green???

If u buy ChinaGaoxian now, tmr who'll buy fm u???

Think before your monies kena lock up!!!

('',)

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13-Dec-2010 16:07

China Gaoxian / ChinaGaoxian

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hahaha Now you know whose side they are on.. *All men for themselves*

Bulls vs. Bears.

Anyway, based on the marriage deal. We will still some upside for now..

zhixuen ( Date: 13-Dec-2010 15:19) Posted:

Bon <-- Keep asking people to sell.

Masterlim <-- Keep asking people to buy.

inresponsibility ...

sncm3425 ( Date: 13-Dec-2010 15:16) Posted:

Easy for u to say load up. Money not so easy to earn ok

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13-Dec-2010 14:07

China Gaoxian / ChinaGaoxian

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To those bros and sis who held on till now

Good job ^.^

Those who short today .. a pity.. poor judgement. learn from your mstakes. I've learnt my sometime ago...

medivh ( Date: 11-Dec-2010 16:12) Posted:

Quoting on my post few weeks back...about 30c and higher

And those wishing they had bought when it was 20c or even 23c, sorry to say this, the boat has left...

medivh ( Date: 02-Dec-2010 10:49) Posted:

Hi all, havent been posting in this thread for sometime, so here's my take..

Gaoxian is still afloat at around px of 23c (lowest) for past 1 mth.. From what I see, this is the floor and the sky's the limit.

For those who have posted that it will go back to 19c or even 16c, sorry to say this but it will not happen again, unless there is going to be WW3 or unforeseen calamity..

Planning to see a break through by next year above 30c.

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13-Dec-2010 14:03

China Gaoxian / ChinaGaoxian

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So those who say black candle, chart not good... will fall below 28 or 27.5c.. please relook now..

14:02:35 0.300 335,000 Buy Up

14:02:30 0.300 20,000 Buy Up

14:02:29 0.300 30,000 Buy Up

14:02:26 0.300 128,000 Sell Down

14:02:23 0.300 452,000 Buy Up

14:02:22 0.300 100,000 Buy Up

14:02:21 0.300 180,000 Buy Up

14:02:21 0.300 50,000 Buy Up

14:02:20 0.300 1,000,000 Buy Up

14:02:18 0.300 50,000 Buy Up

14:02:16 0.300 50,000 Buy Up

14:02:16 0.300 100,000 Buy Up

14:02:12 0.300 100,000 Buy Up

14:02:07 0.300 1,000,000 Buy Up

14:01:52 0.300 1,000,000 Buy Up

Where ARE THE Bullets coming from? :)

medivh ( Date: 13-Dec-2010 13:59) Posted:

Last week also got people say chart not good, black candle stick, RSI too crappy blah blah..

Price still hovering around here. Consolidating IMO.

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13-Dec-2010 13:59

China Gaoxian / ChinaGaoxian

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Last week also got people say chart not good, black candle stick, RSI too crappy blah blah..

Price still hovering around here. Consolidating IMO.

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13-Dec-2010 09:30

China Gaoxian / ChinaGaoxian

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FYI those who haven't catchup on this thread

09:29:08	0.295	2,000,000	X
09:27:59	0.290	13,000	Sell Down
09:26:54	0.290	10,000	Sell Down

The marriage deals are getting higher.. will cross 30c :)

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11-Dec-2010 16:12

China Gaoxian / ChinaGaoxian

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Quoting on my post few weeks back...about 30c and higher

And those wishing they had bought when it was 20c or even 23c, sorry to say this, the boat has left...

medivh ( Date: 02-Dec-2010 10:49) Posted:

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11-Dec-2010 16:07

China Gaoxian / ChinaGaoxian

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V. good. Now hopefully monday will open up ^.

With DJ overnight having trade deficit gap narrowing and index also up, the coming week is a good week.

Good thing I still holding on to the shares and didn't listen to those who say sell on Friday's trade. *remember trade at your own risk*

bsiong ( Date: 11-Dec-2010 13:29) Posted:

China Gaoxian gets nod to list depository receipts on KRX

WRITTEN BY THE EDGE

FRIDAY, 10 DECEMBER 2010 21:30

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