Friday, June 24, 2011

Elec&Eltek

Elec&Eltek: in connection with its proposed listing on the HKEx by way of introduction, the listing committee has convened a hearing yday to consider their application. If approval is granted, listing is still subject to fulfillment of various conditions. The deadline for the 1st batch transfer of shares was on the 20 Jun...

The 2nd and 3rd transfers have a deadline of 29 Jun and 11 Jul respectively and will not be transferred by the proposed first day of the dual listing. There has been no indicative timetable given. Its parent co Kingboard Chemical is also traded in HK.
Stock currently trades at 8.5X P/E.

No comments:

Post a Comment