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ChinaGaoxian
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medivh
Elite |
10-Jan-2011 12:14
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Yes thats one of the purpose of their listing in KRX .. there is one other main reason but I wont say here yet cause its speculative.
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rotijai
Supreme |
10-Jan-2011 12:04
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which means.. most likely the price at both markets should be about the same eventually?
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medivh
Elite |
10-Jan-2011 12:01
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Obviously. You can downloaded infor from SGX itself with regards to CGX EGM minutes.
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medivh
Elite |
10-Jan-2011 11:58
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Pretty similar to Parallel imports or OEM products. You can buy ChinaGX shares here at SGX and sell them at KRX. Investors who have bullets to hold will do that if or I should say when they are very confident that th share px listed in KRX will be much higher than current price now in SGX.
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zhixuen
Veteran |
10-Jan-2011 11:57
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The investors are able to convert their ordinary shares into Depositoy receipt and access to either SGX or KRX to trade. Example : CGX currently trading at SGX at $0.50. At Korea the CGX after converted to Singapore Dollar is $0.65. You can convert your share into DR and transfer to KRX to sell within 3 business days and vice versa.
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timqoo
Senior |
10-Jan-2011 11:56
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GuavaXF30
Master |
10-Jan-2011 11:53
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Think it means we can leverage between the two prices as we can transfer the shares to sell there. But confirm that it is indeed fungible ?
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rotijai
Supreme |
10-Jan-2011 11:51
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can i know wat does that mean? "able to convert them into ordinary shares n vice versa"...
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medivh
Elite |
10-Jan-2011 11:47
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SINGAPORE, Dec 31 - Shares of Singapore-listed fabric maker China Gaoxian rose as much as 5 percent on Friday to its record high after it said it hoped to price its Korea depository receipts at a premium to its Singapore stock price. At 0200 GMT, China Gaoxian shares were traded at S$0.40, or up 2.6 percent, with over 16 million shares changing hands. "Investors are hoping that the Korean listing will boost its share price here in Singapore, since unlike Taiwan, KDRs are fungible," said a local trader. KDRs are fungible in that Investors will be able to convert them into ordinary shares and vice versa Reference : http://sg.news.yahoo.com/rtrs/20101231/tbs-singapore-market-stocks-a5a65c6_1.html Very important if you know what I mean. |
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timqoo
Senior |
10-Jan-2011 11:39
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cheong ah. go go go. test the ultimate high.
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GuavaXF30
Master |
10-Jan-2011 11:36
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Coming, coming.....
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james87
Veteran |
10-Jan-2011 11:32
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you guys accumulated at what price? mine average 0.42 nia.... | ||||
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gavinl
Elite |
10-Jan-2011 11:30
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Looks like CNY i can give bigger ang pao.Cheers | ||||
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medivh
Elite |
10-Jan-2011 11:28
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No need to second guess.. They are accumulating only for 1 reason... And we know what that is :)
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zhixuen
Veteran |
10-Jan-2011 11:25
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So many married deal has done I do believe Korea investors have started to accumulate. Just my guessing. |
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james87
Veteran |
10-Jan-2011 11:23
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hopefully. But keep hovering around + 0.01 - + 0.015
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GuavaXF30
Master |
10-Jan-2011 11:14
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Looks like third wave coming. Trend/pattern looking better and better.
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timqoo
Senior |
10-Jan-2011 10:19
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0.445 high. range +0.02 from 0.425. | ||||
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GuavaXF30
Master |
10-Jan-2011 09:32
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Hope not jinking it but looks very strong.... 0.445 done !
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zhixuen
Veteran |
10-Jan-2011 09:31
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Bull is winning the game now. | ||||
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