Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (6198)	1/8/2002 10:32:56 PM
From: t4texas	Respond to of 36161

watch out if you like GEM market attempt at public service: should you tire of markets here and want to speculate in hong kong/china on their GEM market, please make sure you really know something about the company that is doing the ipo. i funded a start-up in china. i was lucky enough to recover my money plus a little profit, but the company was and still is practically worthless. still a morph of the company is trying to get it together to go public on the GEM market someday (i think they are dreaming). i simply recommend caution to anyone who does trading on the GEM. if you have a relative on the inside, you at least are getting fair value. biz.scmp.com Saturday, January 5, 2002 China firms set to spearhead strong GEM listing activity HUI YUK-MIN Listing activity on the Growth Enterprise Market is expected to gather pace this year as young companies - particularly from China - seek an easy way of tapping fresh capital. Computer and communication products maker Glory Mark Hi-Tech (Holdings) cheered the GEM board when it closed with a healthy gain on its debut yesterday. Its closing price was 55 HK cents - up 27.9 per cent on its issue price of 43 HK cents. Glory Mark is the first company to debut on either GEM or the main board this year. A survey by consulting firm Arthur Andersen found 42 out of 57 GEM companies last year saw their share price close above their issue price on the first trading day. However, brokers said the impressive performance of most companies was due to an over-concentration of shares in too few hands and warned investors to be cautious. A large pool of small, young companies from China, Hong Kong and Taiwan are seeking GEM listings, with the majority from the mainland. "It is much faster for mainland companies to get listed on GEM than on their domestic [bourse]," said Kennedy Liu Tat-yin, a partner with consultancy Arthur Andersen. "In China, it normally takes between two and three years to get listed but on GEM most companies can be listed within six to nine months." Investment bankers said the lack of progress in launching Shenzhen's second board would boost GEM listing activity this year. Hong Kong Exchanges and Clearing said 35 companies had been seeking GEM listings at the end of last year. Of these, nine had been given the green light by the GEM listing committee. Investment bankers said at least six companies were hoping to be listed on GEM this month. The listing candidates include mainland advertising agency MediaNation.