Category Archives for Shares
China Gaoxian Fibre Agony for Shareholders
The price of China Gaoxian Fibre Fabric Holdings is down by almost 50% as it resumes trading from suspension today. The shareholders of China Gaoxian Fibre must be in agony. What can you do when the ex-CEO refuses to come to Singapore for questioning by CAD? Nothing, absolutely nothing. 17 September 2013 Further to the […]
Careless Mistake with SGX Order Types
As you might know, SGX recently launched a GTM (Good Till Maximum) order type that allows your order to stay in the SGX system for an extended duration of time, instead of being purged at the end of the day. I have already been using this new long-dated order type since last month. Yesterday, I was a […]
Glaucus Research Issues Rebuttal to China Minzhong but Indofood Offers Takeover
Less than 24 hours after China Minzhong released their refutation to allegations of fraud, Glaucus Research has issued a step by step rebuttal. You can download the report by Glaucus Research on China Minzhong Food here: Glaucus Research Rebuttal China Minzhong Food I must say I’m quite impressed with their speed in examining China Minzhong’s […]
China Minzhong Refutation and Possible Takeover Offer
It looks like the plot has thickened for China Minzhong Food shareholders. Yesterday evening, China Minzhong released a refutation of the allegations made by Glaucus Research. You can download their response below: China Minzhong Response to Glaucus Research China Minzhong Response to Glaucus Research (Annex A-D) China Minzhong Response to Glaucus Research (Annex E-F) China Minzhong Response […]
China Mingzhong Food Suspended After Attack by Glaucus Research
Yesterday morning, short sellers Glaucus Research Group published a report on China Mingzhong Food Corporation, one of the S-chips that is listed on SGX. The report alleged widespread fraud in China Mingzhong including fabricated sales, fake suppliers, attempted cover-up and an inflated capital expenditure. The report can be downloaded here: Glaucus Research on China Minzhong Food […]