Sound Global: Dealings in Shares on HKSE expected to commence on 30 Sept by way of introduction. Co. preparing for 3 transfer batches of SG listed shares (one batch prior to introduction & 2 batches after the introduction set to be completed by 5th Oct), representing an aggregate of 231,116,500 shares or 17.9% of the shares in issue…..
Co. trades at 15.9X FY10E PE. We note the following valuations for listed peers on HKSE. Beijing Enterprises (392HK) at 22.61X FY10 PE, China Everbright (257HK) International at 25.1X FY10 PE & Tianjin Capital (1065HK) at 12.2X FY10 PE
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