China Gaoxian

China Gaoxian: seeking dual primary listing on KRX. Mgt notes higher 12.4x PE avg valuation for similar companies in Korea, vs 6.8x PE avg in Singapore. Gaoxian trades at just 2.6x PE. Gaoxian is a leading supplier of premium differentiated fine polyester yarn and warp knit fabric in the PRC, with operations in Zhejiang and Fujian province. Its products are sold to 1500 textile and garment manufacturers in the PRC under the “HuaGang” and “DaHuaWei” brands.