HengXin Technology

HengXin Technology

Postby millionairemind » Sat Mar 27, 2010 10:18 am

Yawn....

Published March 27, 2010

Hengxin eyeing dual listing in Hong Kong

Meanwhile, managing director resigns for personal reasons; search on for executive director


By MICHELLE QUAH

HENGXIN Technology intends to seek a dual primary listing of its shares in Hong Kong, echoing the recent trend among companies here seeking a second listing there.

Separately, the company said yesterday that its managing director, Xu Guochen, has resigned for personal reasons. The resignation takes effect on Thursday next week.

Hengxin said that its proposed listing on the main board of the Hong Kong Stock Exchange would 'enhance the long-term growth prospects of the company as the company's operations are principally located in China'.

'This will therefore maximise the value of the company and its shares,' its announcement yesterday said.

Hengxin is one of the leading manufacturers of radio frequency coaxial cables for mobile communications and telecommunications equipment in China.

The company said that the dual listing would allow it 'ready access to different equity markets in the Asia-Pacific region when the opportunity arises'.

'The two markets will broaden the investors' base and improve liquidity of its shares,' it said.

Hengxin shares closed unchanged at 26.5 cents yesterday, with 208,000 shares changing hands.

The company said that it would make further announcements on the proposed listing at the appropriate time. But it added that there is no certainty or assurance that the listing will materialise as it is subject to, among other things, the approval of relevant authorities as well as prevailing market conditions.

Hengxin is just the latest in a growing number of Singapore-listed companies looking to list in Hong Kong, encouraged by the improved valuations after they've done so.

China XLX Fertiliser started the run some three months ago, when its stunning first-day performance drove others such as Swing Media and Midas Holdings to follow suit.

Hong Kong's attractiveness was quantified when, last year, it proved to be the world's hottest market for new listings - with more than US$30 billion worth of shares sold to the public in 73 initial public offers.

On Mr Xu's resignation as managing director, Hengxin said that executive chairman Cui Genxiang will cover Mr Xu's duties, with the help of Song Haiyan, the general manager of its main operating subsidiary Jiangsu Hengxin Technology Co Ltd.

In the meantime, the company will look for a replacement to fill the position of executive director.
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Re: HengXin Technology

Postby Musicwhiz » Sat Mar 27, 2010 10:48 am

The next most interesting thing to do these days (apart from punting Genting) has been, for most punters, to second-guess which other company will announce a dual-listing. Super-Coffee Mix was the previous one, Hengxin is the current one. Who will be the next one? :lol:
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Re: HengXin Technology

Postby millionairemind » Sat Mar 27, 2010 11:52 am

Musicwhiz wrote:The next most interesting thing to do these days (apart from punting Genting) has been, for most punters, to second-guess which other company will announce a dual-listing. Super-Coffee Mix was the previous one, Hengxin is the current one. Who will be the next one? :lol:


How about one with the name "TaiwanIComing"? :lol: :lol:
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: HengXin Technology

Postby winston » Tue Dec 21, 2010 8:33 am

Not vested

Hengxin Technology, which manufactures telecommunications cables, said on Tuesday it had set the offer price for its proposed dual primary listing on the Hong Kong Stock Exchange at HK$2.25 per share.


Source: Reuters
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Re: HengXin Technology

Postby winston » Mon Feb 21, 2011 8:33 am

Not vested

Hengxin Technology Ltd. (HENG SP): The supplier of coaxial cables used in mobile communications said net income increased to 102.5 million yuan from a year earlier.


Source: Bloomberg
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Re: HengXin Technology

Postby behappyalways » Sat Aug 26, 2017 12:39 pm

hengxin-technology-reports-358-rise-1h-earnings-14-mil
https://www.theedgesingapore.com/hengxi ... ngs-14-mil
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