China Gaoxian to resume trading on Sept 18 under new management, new investor
Mainboard-listed China Gaoxian Fibre Fabric Holdings, which supplies premium differentiated fine polyester yarn and warp knit fabric in China, announced that its shares will resume trading on Sept 18.
That is the day when the first tranche of a proposed investment by Fleur Capital (S) is scheduled to be completed.
A new board of directors will be constituted.
Mr Cao Xiangbin and his associates, including Mr Liu Yilin and Mr Chen Fen have also stepped down from their positions as directors, general managers, legal representatives and bank signatories of the group companies.