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18-06-2020, 01:42 PM
(This post was last modified: 18-06-2020, 01:56 PM by ACTIVIST SPEAKS.)
(18-06-2020, 10:32 AM)Shiyi Wrote: Activist Speaks:
What has delisting plan to do with the 10% daily trading stop in SSE?
Care to elaborate?
Delisting from SGX and relisting the same shares in SSE means a supply of additional 200m shares into the Shanghai market. These 200m last traded (on SGX) at a fraction of the price traded on SSE. A 10% limit up on SSE is suggestive of no such corporate action is contemplated. History suggests that merging the trading of two different "classes" of same shares nearly always create a new price that approximates a weighted average.
P.S then again....maybe i am the only one waiting for this cross border transfer.....and it has been a long long wait.