Thursday, March 24, 2011

ChinaGaoxian

ChinaGaoxian: Co is in 3rd day of trading halt and will have to issue a statement explaining reason for halt by end of today or convert the halt to a trading suspension. BT has an article which highlights that it would be surprising if there were accounting irregularities due to 1) co only listed in Sept 2009 and 2) co has recently went through a round of scrutiny from its KDR listing. However, it still does not rule out any possibilities.

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