21-10-2010, 06:18 AM
Hengxin has recently secured SGX's approval for its planned secondary listing on SEHK.....
http://info.sgx.com/webcoranncatth.nsf/V...7000033E7/$file/Hengxin_InPrincipalApprovalFromSGX.pdf?openelement
and has called for an EGM on 27Oct10 to seek shareholders' approval for the same.....
http://info.sgx.com/webcoranncatth.nsf/V...20017D3C4/$file/hengxin_NoticeOfEGM_05102010.pdf?openelement
and a 146-page Circular containing, among others, full details of the proposed secondary listing exercise has been sent out to shareholders.....
http://info.sgx.com/listprosp.nsf/bc9c2d...5000a8f20/$FILE/HX%20Circular%20(2010%2010%2001)%20(v3)%20clean.pdf
A relevant question: Assuming Hengxin secures all the other necessary approvals and goes for the secondary listing on SEHK, would the Offer Price be pitched higher or lower than the HKD-equivalent of Hengxin's latest NAV/share of Rmb2.13 (now equivalent to SGD0.417) as at 30Jun10?
I guess it is also useful to review Hengin's latest Q2/H1-FY10 results announcement.....
http://info.sgx.com/webcoranncatth.nsf/V...D00237FA9/$file/Hengxin_Technology_Ltd_2QFY2010.pdf?openelement
to have a feel on the likely market reception in SEHK on the proposed secondary listing there, as well as the potential impact on this counter's price on SGX.
http://info.sgx.com/webcoranncatth.nsf/V...7000033E7/$file/Hengxin_InPrincipalApprovalFromSGX.pdf?openelement
and has called for an EGM on 27Oct10 to seek shareholders' approval for the same.....
http://info.sgx.com/webcoranncatth.nsf/V...20017D3C4/$file/hengxin_NoticeOfEGM_05102010.pdf?openelement
and a 146-page Circular containing, among others, full details of the proposed secondary listing exercise has been sent out to shareholders.....
http://info.sgx.com/listprosp.nsf/bc9c2d...5000a8f20/$FILE/HX%20Circular%20(2010%2010%2001)%20(v3)%20clean.pdf
A relevant question: Assuming Hengxin secures all the other necessary approvals and goes for the secondary listing on SEHK, would the Offer Price be pitched higher or lower than the HKD-equivalent of Hengxin's latest NAV/share of Rmb2.13 (now equivalent to SGD0.417) as at 30Jun10?
I guess it is also useful to review Hengin's latest Q2/H1-FY10 results announcement.....
http://info.sgx.com/webcoranncatth.nsf/V...D00237FA9/$file/Hengxin_Technology_Ltd_2QFY2010.pdf?openelement
to have a feel on the likely market reception in SEHK on the proposed secondary listing there, as well as the potential impact on this counter's price on SGX.