China Gaoxian

China Gaoxian: on-going suspension, as Special Auditors conduct a special review into the financial affairs of the group, due to accounting inconsistencies. Update: The first tranche of proposed investment by Fleur Capital is scheduled to be completed on 18 Sep 2013. The counter will resume trading on the same day. Also, the company will issue warrants (1 warrant for every 2 shares, with ex px of $0.10), to be listed on or about 20 Sep 2013. Fleur will also be issued 117.5m warrants. While the Korean Depository Receipts (KDRs) will be eligible for the warrants entitlement, the KDR record date cannot be predicted. KDR holders who wish to trade the underlying KDRs and the warrants on SGX as soon as possible after resumption of trading are advised to have their KDRs converted into shares prior to 10 Sep. Separately, a new Board of Directors and new mgt team will be constituted on 18 Sep.