Sound Global

Sound Global no apparent changes to the listing plan. In fact, the company just announced it would transfer 335m shares (or 23% of enlarged share base) from SG to HK under the proposed Batch Transfer process. Although about 2/3 of the shares to be transferred are owned by the controlling sh/h, this could still suck some liquidity out of the counter temporarily, as the shares would not be tradeable while in transit over the next two to three weeks.