Sino Grandness (technical)

Sino Grandness: Counter appears to have broken out of its one year high at $0.48. A close above those levels could potentially see higher highs. Recall in May, the grp sold Rmb 270m Zero Coupon covertible bonds due 2015 to Goldman Sachs and a Co investor, with its CEO citing Goldman Sachs’ investment as an endorsement of the management of the Group as well as the growth prospects of its beverage business which have grown at a phenomenal pace over the past two yrs. Grp add that in addition to funding support, it could leverage on Goldman Sachs’ global network and extensive knowledge in the capital markets which will add value to its future development, Especially on the Potential Listing of its beverage business in HK.