Post Reply
701-720 of 4996
On e 27-Jan-2011 11:27am.
I hv given warning too...
('',)
Bon3260 ( Date: 27-Jan-2011 20:31) Posted:
|
I saw 大鱼放票在 0.310 ard 11:20am tis morning...
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| 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 * |
Cao Xiangbin |
| Designation * |
Executive Chairman and CEO |
| Date & Time of Broadcast |
27-Jan-2011 18:29:38 |
| Announcement No. |
00116 |
| The details of the announcement start here ... |
| 1. |
Date of notice to issuer * |
27-01-2011 |
| 2. |
Name of Substantial Shareholder * |
Hanwha Securities Co., Ltd |
| 3. |
Please tick one or more appropriate box(es): * |
| |
Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
|
| 1. |
Date of change of [Select Option] |
|
| 2. |
Name of Registered Holder |
|
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
[Select Option] |
| |
# Please specify details |
|
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of [Select Option] held before the change |
|
| As a percentage of issued share capital |
% |
| No. of N.A. which are subject of this notice |
|
| As a percentage of issued share capital |
% |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
|
| No. of N.A. held after the change |
|
| As a percentage of issued share capital |
% |
|
| 1. |
Date of change of Deemed Interest |
25-01-2011 |
| 2. |
The change in the percentage level |
From 5.33 % To 4.51 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others |
| |
# Please specify details |
|
| 4. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
| The change in the percentage level is the result of a transaction. |
|
| 1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
 |
Direct
|
Deemed
|
| No. of shares held before the change |
0 |
108,689,700 |
| As a percentage of issued share capital |
0 % |
5.33 % |
| No. of shares held after the change |
0 |
92,003,700 |
| As a percentage of issued share capital |
0 % |
4.51 % |
| Footnotes |
(1) The shares held by Hanwha Securities Co., Ltd is registered in the name of Citibank NA, Hong Kong Branch.
(2) Percentage in shareholding is calculated based on the enlarged share capital of 2,040,000,000 shares, taking into account the 600 million new shares issued and alloted pursuant to the KRX Listing.
The initial public offering of the Company was sponsored by Collins Stewart Pte. Limited ("Issue Manager"). The Issue Manager assumes no responsibility for the contents of this announcement. |
|
displayAttachments_LN::
displayAttachmentsLength_LN::
| Attachments |
Total size = 0
(2048K size limit recommended)
|
Bon3260 ( Date: 27-Jan-2011 11:27) Posted:
|
|
|
indeed... hope their orders are real then... so they wont be wrong in their revenue generation... As this could be one of the cause why balance doesnt tally..
Vanpersie ( Date: 25-Mar-2011 01:04) Posted:
A second thought: come tomorrow, what would happen to the machines, the factories, the supply chain, the existing orders.
Ok, somebody at the top took some cash, a big sum of money, for his own use, it will not affect the operations unless the amount taken away is so significant that the company runs out of working capital. I would say the current crisis is all about integrity rather than fundamental problems.
I note that the management consists of Cao's family members, it actually brings some relief as things are easier to be sorted out within the family. It is time for the Senior Cao to step forward with a big stick and put his house in order.
Also bear in mind that CX operates in a differentiated segment where demands outdo supplies, I suppose they have no problem securing deals. Yes, their suppliers may now ask for cash terms for raw materials sold to them, but again, if CX has sufficient working capital, they will be fine a the end of the day.
The worry now is how much money has gone missing? does it have any significant impact on the company's working capital? I am heavily vested and wish to see the suspension lifted asap. To restore public confidence, someone here brough up a very good point, that is, the management must be honest to what has happened and make public everything that we deserve to know. I would suggest the following line in their news conference:
Well, we screwed up here and there, but we have recovered the money, and our business is still robust... things along that line
hpong5 ( Date: 25-Mar-2011 00:51) Posted:
| One thing to note is that the china market pie is big so business sales should not be fake. The thing is cash sales just need to have proper governance. |
|
|
|
if they are honest, they should have announced the audit finding and halted the trading before BBs(or could even be the co owners) dumping their shares...Why have to wait til the sqx query?
Vanpersie ( Date: 25-Mar-2011 01:04) Posted:
A second thought: come tomorrow, what would happen to the machines, the factories, the supply chain, the existing orders.
Ok, somebody at the top took some cash, a big sum of money, for his own use, it will not affect the operations unless the amount taken away is so significant that the company runs out of working capital. I would say the current crisis is all about integrity rather than fundamental problems.
I note that the management consists of Cao's family members, it actually brings some relief as things are easier to be sorted out within the family. It is time for the Senior Cao to step forward with a big stick and put his house in order.
Also bear in mind that CX operates in a differentiated segment where demands outdo supplies, I suppose they have no problem securing deals. Yes, their suppliers may now ask for cash terms for raw materials sold to them, but again, if CX has sufficient working capital, they will be fine a the end of the day.
The worry now is how much money has gone missing? does it have any significant impact on the company's working capital? I am heavily vested and wish to see the suspension lifted asap. To restore public confidence, someone here brough up a very good point, that is, the management must be honest to what has happened and make public everything that we deserve to know. I would suggest the following line in their news conference:
Well, we screwed up here and there, but we have recovered the money, and our business is still robust... things along that line
hpong5 ( Date: 25-Mar-2011 00:51) Posted:
| One thing to note is that the china market pie is big so business sales should not be fake. The thing is cash sales just need to have proper governance. |
|
|
|
A second thought: come tomorrow, what would happen to the machines, the factories, the supply chain, the existing orders.
Ok, somebody at the top took some cash, a big sum of money, for his own use, it will not affect the operations unless the amount taken away is so significant that the company runs out of working capital. I would say the current crisis is all about integrity rather than fundamental problems.
I note that the management consists of Cao's family members, it actually brings some relief as things are easier to be sorted out within the family. It is time for the Senior Cao to step forward with a big stick and put his house in order.
Also bear in mind that CX operates in a differentiated segment where demands outdo supplies, I suppose they have no problem securing deals. Yes, their suppliers may now ask for cash terms for raw materials sold to them, but again, if CX has sufficient working capital, they will be fine a the end of the day.
The worry now is how much money has gone missing? does it have any significant impact on the company's working capital? I am heavily vested and wish to see the suspension lifted asap. To restore public confidence, someone here brough up a very good point, that is, the management must be honest to what has happened and make public everything that we deserve to know. I would suggest the following line in their news conference:
Well, we screwed up here and there, but we have recovered the money, and our business is still robust... things along that line
hpong5 ( Date: 25-Mar-2011 00:51) Posted:
| One thing to note is that the china market pie is big so business sales should not be fake. The thing is cash sales just need to have proper governance. |
|
One thing to note is that the china market pie is big so business sales should not be fake. The thing is cash sales just need to have proper governance.
So scary now..... just forget about S-Chips here..... more to come..... SGX now working seriously liao.....Otherwise prepare people to throw rotten eggs liao...... very soon will discover some more..... really scary..... can make you 100% capital lost one ! don't play play !!
Anyway, 3-4 weeks should be sufficient for the auditors to check everyting. Otherwise, special audit loh. Poor book keeping lah.
yea...even ang mos kena conned...
http://en.wikipedia.org/wiki/China_Stock_Fraudsdes_khor ( Date: 25-Mar-2011 00:39) Posted:
| Just curious whether in HKSE does happen S-Chips scandal also ? |
|
Just curious whether in HKSE does happen S-Chips scandal also ?
really as u said, anyhow buy, anyhow die
warrenbegger ( Date: 25-Mar-2011 00:30) Posted:
Dont worry. Maybe CGX will be back :) At least CGX still got asset to rob, not bankrupt yet :)
warrenbegger ( Date: 15-Feb-2011 22:59) Posted:
My rubbish CGX prediction expect behave as follows
> Open, 0.200
> High, no high
> Low, 0.005
> Close, halt
> Next week, suspended
> Next month, delisted
> Next year new IPO, India Gaosai
Pls dont believe my prediction, u die not my business. * T & C apply (buy 10 CGX get 1 year free toilet paper, while stock last) |
|
|
|
Dont worry. Maybe CGX will be back :) At least CGX still got asset to rob, not bankrupt yet :)
warrenbegger ( Date: 15-Feb-2011 22:59) Posted:
My rubbish CGX prediction expect behave as follows
> Open, 0.200
> High, no high
> Low, 0.005
> Close, halt
> Next week, suspended
> Next month, delisted
> Next year new IPO, India Gaosai
Pls dont believe my prediction, u die not my business. * T & C apply (buy 10 CGX get 1 year free toilet paper, while stock last) |
|
SGX : Got 1B RMB still need to borrow 15M RMB more........what Zero Interest ah.....like my credit card ah......
CGX: To maintain friendship band with banks lor.
It is only 15M.......some thing amiss I thought.......and the way they answer......like run out of reason lor.
Got many this type of S-chips lor.
hpong5 ( Date: 25-Mar-2011 00:12) Posted:
Though the cash balance issue is a serious matter, compare with the others kena suspended s-chips, cgx's problem is on its cash balance only.
Andrew ( Date: 25-Mar-2011 00:02) Posted:
You know what screw them ? I think it is this statement on Mar 7:
The increase in short term bank loans of RMB15 million arose from the conversion of the Group’s bills
payable balance to short term loans, which conversion was made at the request of the Group’s PRC
banks in order to support such banks meeting their loan quota. It is in the interest of the Group to
maintain close and mutually beneficial relationship with its PRC banks.
Especially : mutually beneficial relationship with its PRC banks
|
|
|
|
not only their cash...accounting got double entry...ie, u Dr cash u must Cr stg else....whr leh...dunno....can be Accounts receivables or revenue or some other creative entries + fake invoices or fake receipts.....these chinese very creative one...
hpong5 ( Date: 25-Mar-2011 00:12) Posted:
Though the cash balance issue is a serious matter, compare with the others kena suspended s-chips, cgx's problem is on its cash balance only.
Andrew ( Date: 25-Mar-2011 00:02) Posted:
You know what screw them ? I think it is this statement on Mar 7:
The increase in short term bank loans of RMB15 million arose from the conversion of the Group’s bills
payable balance to short term loans, which conversion was made at the request of the Group’s PRC
banks in order to support such banks meeting their loan quota. It is in the interest of the Group to
maintain close and mutually beneficial relationship with its PRC banks.
Especially : mutually beneficial relationship with its PRC banks
|
|
|
|
GX really kill by it CEO.
warrenbegger ( Date: 02-Feb-2011 11:28) Posted:
| Base on this year Feng shui on GX, Gao means Dog and Xian means Salt. Both add up to dog eat salt, so life a bit salty and bitter. And listing in krx means war zone = death. And in year of rabbit, dog is not cute anymore so rabbit is the in thing now. And with CEO name Cao Xiangbin, it means cao cao, a cunning general in the past. And Xiangbin means surrender to solider, and that also means gone case liao. I should study deeper into Feng shui before krx listing!!! Wa Cow |
|
anyone noe whtr there is a list of all the s-chips? i suspect fr now on..these china companies will use english sounding names liao...
i pity those old pple who kena con by all these analysts man..ven educated pple kena con....my mum invest thru advise from brokers (lucky hers nvr recommend s-chips)...i wonder if those old uneducated pple who just listen to brokers and then kena....waliao...
i bhgt this s-chip hengxin i think while i was DRUNK....the company not making money..not a popular stk either...up till now can't recall y i bght...it dropped alot after the 2 hongs...today finally up and made S$50 after commission...but 2moro sure die.....aiyo.....stooooooopid gaoxian...
if balance is substantial less,,,,that may lead to detailed audit... might even kena dig out for fake revenue... profit etc.....
hpong5 ( Date: 25-Mar-2011 00:12) Posted:
Though the cash balance issue is a serious matter, compare with the others kena suspended s-chips, cgx's problem is on its cash balance only.
Andrew ( Date: 25-Mar-2011 00:02) Posted:
You know what screw them ? I think it is this statement on Mar 7:
The increase in short term bank loans of RMB15 million arose from the conversion of the Group’s bills
payable balance to short term loans, which conversion was made at the request of the Group’s PRC
banks in order to support such banks meeting their loan quota. It is in the interest of the Group to
maintain close and mutually beneficial relationship with its PRC banks.
Especially : mutually beneficial relationship with its PRC banks
|
|
|
|
Though the cash balance issue is a serious matter, compare with the others kena suspended s-chips, cgx's problem is on its cash balance only.
Andrew ( Date: 25-Mar-2011 00:02) Posted:
You know what screw them ? I think it is this statement on Mar 7:
The increase in short term bank loans of RMB15 million arose from the conversion of the Group’s bills
payable balance to short term loans, which conversion was made at the request of the Group’s PRC
banks in order to support such banks meeting their loan quota. It is in the interest of the Group to
maintain close and mutually beneficial relationship with its PRC banks.
Especially : mutually beneficial relationship with its PRC banks
hpong5 ( Date: 24-Mar-2011 23:36) Posted:
| They mentioned more cash sales. Maybe the cash they never bank in, so auditor is unable to verify the cash balance |
|
|
|
it can be even their sales are fake....
hpong5 ( Date: 25-Mar-2011 00:00) Posted:
Ya, that is a very likely scenario. They just have to trace it back to those persons handling the receiving of cash sales. There must be a head overseeing the cash.
DelphinusSnow ( Date: 24-Mar-2011 23:55) Posted:
one of the audit chks is to count the physical cash on hand. i'm sure the auditors did that too that is why took so long to suspend.....
and for companies that holds lots of cash, they are supposed to buy insurance....
the best to hope for now is...one of the directors took the cash for own use....somehow manage to borrow here n thr...then 2moro suddenly " oh i found the cash under my table! who wld have tot it dropped thr!" |
|
|
|
You know what screw them ? I think it is this statement on Mar 7:
The increase in short term bank loans of RMB15 million arose from the conversion of the Group’s bills
payable balance to short term loans, which conversion was made at the request of the Group’s PRC
banks in order to support such banks meeting their loan quota. It is in the interest of the Group to
maintain close and mutually beneficial relationship with its PRC banks.
Especially : mutually beneficial relationship with its PRC banks
hpong5 ( Date: 24-Mar-2011 23:36) Posted:
They mentioned more cash sales. Maybe the cash they never bank in, so auditor is unable to verify the cash balance.
Andrew ( Date: 24-Mar-2011 23:28) Posted:
Yalor, when auditor open their mouth, it will affect stock price. I think they have tried a few round to validate before reaching this conclusion and then made such a statement.
Since it was audited by IPO Manager for the KDR listing......there may be an element of fraud lor.
Or the IPO Managers are too busy playing golf with Chair-meh.......
|
|
|
|
