Monday, October 18, 2010

Dual-listings

Dual-listings:
1 ) China New Town: +5.9% at $0.18. Confirms it will dual-list in HK by way of introduction. To commence trading on SEHK on Oct 22. Stock to be traded in board lots of 2,500 shares, under stock code 1278…

2 ) United Envirotech: to list 32m TDRs at NT$15.6/TDR, translates to S$0.53/sh, based on 1 TDR = 1.25 shares. Price is ~8% premium to last traded at S$0.49. TDR to commence trading Oct 22. Group expects to raise NT$500m (~S$21m), to expand operations in Taiwan, and provide additional source of funding to pursue water invmt projects.

3 ) BH Global: TDR to list on TSE on Oct 20. Recall 30m TDRs to be issued (equal to 60m shares) at issue price of NT$17/TDR, or S$0.36/sh, which is similar to last traded price.

4 ) China Gaoxian: lifted trading halt at 9am. Submits prelim listing application to KRX.

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