.

The article says :

WCC were planning to complete the placing during the 9th to 12th of August. They would then delist from AIM on 19th and same day list in Hong Kong.

The article says however that the "official" reasons for another delay is due to "technical issues".

However, the reports source says its not "technical" problems its because they were unable to raise the money as the subscription was not full due to a lack of interest.

If they cannot get the money it means they now have to lower the price etc etc etc etc.......


Will it list therefore at the lower end of expectations ? Say 500p to 550p levels ?

Nutter

play with chinese stocks at your peril .... the market is quite difficult enough without loading the dice even more heavily against yourself

Interesting, reading another Chinese press article it says the "raising" was a flop with a complete lack of interest.

They only managed to raise 30 million US$ and they wanted 200 million, real lack of interest hence the very small amount of cash raised.

Very interesting if this turns out to be correct.

Price range now lower it seems ? More information.

http://uk.reuters.com/article/idUKTOE67800W20100809

Taking into account the 1 for 50 split this now makes the price range lower down to 487p up to 680p.

If they struggle to fill it, the price could be down near 487p a share the Hong Kong II's pay........

Interesting to note that HAWK management are taking legal action against defamatory posts on bulletin boards.

Good start in Hong Kong up 15%.

Up another 7% today to HKD 2.06 - equates to about 880p in old money. Once the dust settles I intend to drop this into my ISA now.

why is this share suspended from AIM?

cynic -

23/08/2010 7:00am

CANCELLATION OF ADMISSION OF SECURITIES TO TRADING ON AIM

WEST CHINA CEMENT LIMITED

At the request of the company trading on AIM for the under-mentioned securities
have been cancelled from 23/08/2010 7:00am.

Try HKX:2233 ?

so where does this leave poor chaps who hold the shares, not that i am one?

it leaves them in HK rather than London

Trust you research other stocks in more depth - although I suspect your posting is deliberately negative.

i was merely curious ..... and i rarely research much, but rely on others who enjoy doing that sort of thing

I switched to HK on the delist and still hold. Ticker's 2233 as mentioned above. Excellent interim statement recently plus great contract wins re rail routes in China and up over 40% since HK IPO - oversubscribed many times. Now equivalent to about 990p with GBPHKD also helping at the moment. It's still on a low PE and I think it's got legs for further gains so staying with it.

West China (2233 HK) has had a very good run since the IPO in HK - up approx 70%. A couple of buy recs recently and another overnight causing the latest 12% move. Probably quite a bit further to run. Now equiv to over 12

Another strong session, currently up over 7% on the day.

"West China is Shaanxi's 2nd largest cement producer in terms of production capacity in 2009. We believe Shaanxi would benefit from the western development projects. As such, we expect WCC a prosperous business outlook driven by the capacity expansion and outstanding profitability protected by its existing geographical edge. We initiate buy rating with target HKD 3.10 representing 9x fy11, compared with peers avg at 10.6x" ICBCI reporting.

Now up nearly 100% since Hong Kong listing.

took some profits today, but remain in there for the much needed re-rating.

Ironically, it was my cynicism with how long the market has taken to re-rate which led me to this part disposal. If it pulls back under $3 I'm rebuying.

And another firm day, up 8% taking us to new highs. That must equate to nearly 14 now. Last week we saw the largest volume since the first couple of days in HK - funds taking positions I would imagine. Still has the legs for sustained gains imo.

Starting to trend higher again now, touching HKD 3.20 last night. A couple of buy recs out, with the latest targetting about HKD 3.80. The JV announced over the festive period looks astute imo.