Elec & Eltek: Proposed a dual primary listing on HKEX. Co has submitted an application to the SEHK and appointed Standard Chartered Securities as the sole sponsor for the proposed listing. Grp added that dual listing will widen the investor base of Co. and increase liquidity of ordinary shares in Co….
Co add that listing in HK is in line with grp's focus on PRC, for Co’s growth and long-term development. Shareholders are advised to exercise caution when trading in the Shares, as there is no certainty or assurance that the proposed Listing will materialize. Grp will announce any material updates when appropriate. At current price, grp trades at 7.4x trailing P/E vs peers average of 12.2x.
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